Key Highlights

  • The fund tracks the gold bullion price with a currency hedge against the AUD/USD exchange rate.
  • Its underlying fund invests in physical gold bars purchased from the National Bank of Canada.
  • The management fee is 0.59% and the fund size is $1.18 billion.
  • The July 2026 distribution of $1.660 is higher than the $0.448 paid in July 2025.

Betashares Gold Bullion Currency Hedged ETF (ASX:QAU) aims to track the performance of the price of gold bullion, with a currency hedge against movements in the AUD/USD exchange rate, before fees and expenses. The fund was admitted to the ASX on 4 May 2011 and last traded at $31.49 on 13 October 2026. It reports a fund size of $1.18 billion.

Detail

Information

Ticker

ASX:QAU

Fund

Betashares Gold Bullion Currency Hedged ETF

Category

Commodities & Precious Metals

Benchmark

LBMA Gold Price Hedged TR AUD

Fund size

$1.18 billion

Management fee

0.59%

Units on issue

37,430,709

ASX admission date

4 May 2011

Bullion backing

The Betashares Gold Bullion ETF, the underlying vehicle, invests its assets in the purchase of physical gold bars from the National Bank of Canada, one of Canada's oldest and largest prudentially regulated banks.

The portfolio lists a single holding, gold bullion, at 100.00%, and asset allocation shows 100.00% in the Other category. Reported turnover is 0.00%.

Fee and risk measures

The management fee is 0.59% a year. The fund reports a beta of -0.04 and a standard deviation of 28.44, which points to little correlation with equity markets but sizeable price variation.

The currency hedge is designed to remove the effect of AUD/USD movements on the gold price the fund follows.

Distributions

The final distribution of $1.660 per unit had an ex-date of 1 July 2026, a record date of 2 July and payment on 16 July, equal to an annual yield of 5.27%.

That is higher than the $0.448 paid in July 2025.

Category classification and liquidity

Morningstar places the fund in the Commodities & Precious Metals category, which covers funds investing primarily in direct holdings or derivative securities that provide exposure to changes in the price of soft or hard commodities, including precious metals; funds in this category do not receive a Morningstar rating because their constituents can differ widely.

Liquidity indicators add a further view. There are 37,430,709 units on issue, and average daily trading volume is 127,355 units. Over the five sessions from 7 to 13 October 2026, daily volume ranged from 18,100 to 80,200 units, with 80,279 recorded on 13 October while the market was still open. The bid-offer range stood at $31.36 to $31.50, and the day range at $31.12 to $31.49. These figures change through the trading day and reflect market activity rather than the fund's holdings.

Recent announcements

The issuer lodged the Units on Issue Disclosure for September 2026 on 6 October and the Annual Report on 25 September. Disclosures for August and July followed on 4 September and 6 August, and Estimated Annual Distribution Component Information on 8 July.

Closing Perspective

QAU holds gold through an underlying bullion fund and hedges the currency, at a 0.59% fee. Its standard deviation of 28.44 reflects gold's own price variation, and its July distribution was higher than a year earlier. These points describe structure and are not predictions.