Key Highlights

  • The fund invests in the VanEck MSCI International Quality ETF (QUAL) and adds forward currency contracts.
  • Technology (39.03%) and Healthcare (14.70%) carry above-category weights.
  • The management fee is 0.43% and the fund size is $2.73 billion.
  • The July 2026 distribution of $1.910 is lower than the $2.300 paid in July 2024.

VanEck MSCI International Quality (AUD Hedged) ETF (ASX:QHAL) employs a passive strategy of physically replicating its reference index and currently does so by investing in VanEck MSCI International Quality ETF, though it may switch to holding securities directly. The fund was admitted to the ASX on 25 March 2019 and last traded at $57.58 on 13 October 2026. It reports a fund size of $2.73 billion.

Detail

Information

Ticker

ASX:QHAL

Fund

VanEck MSCI International Quality (AUD Hedged) ETF

Category

Equity World - Currency Hedged

Benchmark

MSCI World ex AUS Quality 100%Hdg TR AUD

Fund size

$2.73 billion

Management fee

0.43%

Underlying fund

QUAL, 102.57%

ASX admission date

25 March 2019

Hedging mechanics

The fund also invests in forward foreign exchange contracts to replicate the notional hedging in its reference index. The effect shows in the asset allocation, where cash is -2.41%, bonds -0.06% and stocks 102.37%. The single listed holding, QUAL, represents 102.57% of the fund.

The fund reports 23 holdings in total.

Sector and country positioning

Technology holds 39.03% against 30.81% for the category, Healthcare 14.70% against 9.93% and Communication Services 12.04% against 7.71%. Financial Services is 9.75%, below the 16.58% category weighting, and Consumer Cyclical is 3.07% against 8.73%. Energy is 0.07%.

The United States accounts for 79.41% of the fund, followed by Switzerland at 4.21%, Japan at 3.70%, the Netherlands at 3.52% and the United Kingdom at 3.50%.

Fee, risk and distributions

The management fee is 0.43% a year. The fund reports a beta of 0.99 and a standard deviation of 12.17. The final distribution of $1.910 per unit had an ex-date of 1 July 2026 and payment on 29 July, equal to an annual yield of 3.29%.

That is higher than the $1.030 paid in July 2025, $0.435 in July 2023 and $0.370 in July 2022, but lower than the $2.300 paid in July 2024.

Category classification and liquidity

Morningstar places the fund in the Equity World - Currency Hedged category, which covers funds investing primarily in companies listed on global equity markets, with the funds predominantly hedged against foreign exchange risk as a neutral position and, in some cases, a bias towards a particular style or size.

Liquidity indicators add a further view. There are 47,055,742 units on issue, and average daily trading volume is 65,874 units. Over the five sessions from 7 to 13 October 2026, daily volume ranged from 30,600 to 152,700 units, with 152,749 recorded on 13 October while the market was still open. The bid-offer range stood at $57.58 to $57.68, and the day range at $57.58 to $58.05. These figures change through the trading day and reflect market activity rather than the fund's holdings.

Recent announcements

The issuer lodged Issued Units Outstanding as at 30 September 2026 on 7 October, the Annual Report on 28 September, and a Replacement Product Disclosure Statement on 20 July.

Closing Perspective

QHAL layers currency hedging onto the quality-screened QUAL portfolio at a 0.43% fee, slightly above the 0.40% on QUAL itself. Technology and Healthcare are weighted above category averages, while Financial Services and Energy are below. These points describe construction and not outcomes.