Key Highlights

  • The fund holds 102.69% in the VanEck MSCI International Small Companies Quality ETF (QSML), hedged to AUD.
  • Industrials holds 34.32%, against 10.97% for the category, and Technology 12.93%, against 30.81%.
  • The management fee is 0.62%, and 69.86% of assets are in companies between $500 million and $1 billion.
  • The July 2026 distribution of $0.130 is lower than the $0.350 paid in July 2025.

VanEck MSCI International Small Companies Quality (AUD Hedged) ETF (ASX:QHSM) aims to provide investment returns, before fees and other costs, that track the performance of the MSCI World ex Australia Small Cap Quality 150 100% Hedged to AUD Index. The fund was admitted to the ASX on 9 November 2023 and last traded at $33.04 on 13 October 2026.

Detail

Information

Ticker

ASX:QHSM

Fund

VanEck MSCI International Small Companies Quality (AUD Hedged) ETF

Category

Equity World - Currency Hedged

Benchmark

MSCI Wld ex Aus Small Cap Q 150 H NR AUD

Management fee

0.62%

Underlying fund

QSML, 102.69%

ASX admission date

9 November 2023

Structure and hedging

The fund lists one holding, the VanEck MSCI International Small Companies Quality ETF (QSML), at 102.69%, and 12 holdings in total. Stocks account for 102.61% of the portfolio and cash -2.58%, reflecting the hedging arrangements.

Companies between $500 million and $1 billion in market capitalisation represent 69.86% and those above $1 billion 30.13%, against 95.94% above $1 billion for the category.

Sector and country exposure

Industrials holds 34.32%, Financial Services 20.21%, against 16.58% for the category, Technology 12.93%, Healthcare 11.28% and Consumer Cyclical 6.95%. Communication Services holds 2.63%, against 7.71%. The fund has no Real Estate weighting.

The United States accounts for 77.31%, above the 71.69% category figure. The United Kingdom holds 5.01%, Japan 4.15%, Sweden 2.73% and Canada 2.62%.

Fee, risk and distributions

The management fee is 0.62% a year. The fund reports a beta of 0.94 and a standard deviation of 14.36. The final distribution of $0.130 per unit had an ex-date of 1 July 2026, a record date of 2 July and payment on 29 July, equal to an annual yield of 0.39%.

That is lower than the $0.350 paid in July 2025 and $0.940 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. Fund size and units on issue are not reported for this product, and average daily trading volume is 12,026 units. Over the five sessions from 7 to 13 October 2026, daily volume ranged from 3,200 to 17,900 units, with 14,767 recorded on 13 October while the market was still open. The bid-offer range stood at $30.00 to $33.19, and the day range at $32.94 to $33.16. 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 and the Annual Report for the year ended 30 June 2026 on 28 September. Unit notices followed for August and July, and a Replacement Product Disclosure Statement on 20 July.

Final Takeaway

QHSM adds currency hedging to a small-company quality portfolio, with an industrials weighting above three times its category. The 0.62% fee and a distribution that has fallen over each of the last two years are part of its profile. These facts do not forecast outcomes.