Highlights

  • HQUS touched AUD 52.68 during the session on 5 November 2026, matching its displayed 52-week high.
  • The quoted price increased AUD 1.42, or 2.77%, from the previous close of AUD 51.26.
  • The fund obtains its Equity exposure through Betashares S&P 500 Equal Weight ETF, with foreign-currency exposure hedged into Australian dollars.
  • Management fees and costs are 0.32% per annum, with additional costs potentially applicable.

Betashares S&P 500 Equal Weight Currency Hedged ETF (ASX:HQUS) provides exposure to leading US-listed companies through an equal-weight Investment approach, with foreign-currency exposure hedged into Australian dollars. It aims to track the S&P 500 Equal Weight AUD Hedged index NTR before fees and expenses. During the session on 5 November 2026, HQUS touched AUD 52.68, matching its displayed 52-week high, with the quoted price up AUD 1.42 or 2.77%.

HQUS Reaches Its Displayed 52-Week Peak

The session high and quoted last price were both AUD 52.68. This placed HQUS at the highest price shown in its available 52-week trading data.

The ETF offers Australian investors access to a US equity portfolio whose construction distributes weight more evenly across companies. Its exposure consequently differs from a conventional market-capitalisation-weighted allocation, where the largest businesses receive the largest portfolio weights.

The equal-weight approach makes participation across a wider group of companies relevant to portfolio movements. Its composition can therefore respond differently when gains or declines are concentrated in a small number of very large businesses.

Equal Weighting Changes How Companies Influence the Portfolio

The reference index contains the same companies as the conventional S&P 500, but assigns each company a 0.2% weight at quarterly rebalancing. Between rebalances, weights move as share prices change.

This approach reduces dependence on the largest companies by market capitalisation. It also increases the relative influence of smaller constituents within the S&P 500 universe.

Equal weighting applies to companies rather than sectors. Industries containing more constituent companies can still represent larger portions of the portfolio.

HQUS obtains its investment exposure through Betashares S&P 500 Equal Weight ETF (ASX:QUS). The single underlying ETF shown in the direct holdings table therefore represents exposure to a diversified equity portfolio, rather than investment in one operating company.

Sector Exposure Extends Across the US Economy

The disclosed sector allocation includes technology at 17.36%, industrials at 14.66%, financial services at 14.59% and healthcare at 13.12%. Consumer cyclical businesses account for a further 10.56%.

Other exposures include consumer defensive businesses at 6.38%, utilities at 5.57%, real estate at 5.49%, energy at 4.36% and basic materials at 3.99%.

These allocations create exposure to several sources of corporate earnings. Industrial activity, consumer spending, financing conditions and healthcare Demand can affect different parts of the portfolio.

The disclosed geographic allocation is predominantly the United States at 98.78%. Company location, however, does not describe every market in which the underlying businesses generate revenue.

Currency Hedging, Costs and Distributions

HQUS hedges its foreign-currency exposure back into Australian dollars. The hedge seeks to reduce the influence of exchange-rate movements on the overseas equity investment.

Currency hedging does not protect against falling share prices. It can also introduce costs and differences between the intended hedge and the exposure actually achieved.

Management fees and costs are listed at 0.32% per annum. Investors may additionally incur brokerage and the bid–offer spread when buying or selling units.

The latest listed distribution is AUD 1.050 per unit. Its ex-distribution date was 1 July 2026, followed by the Record Date on 2 July and payment date on 16 July. That payment does not establish a fixed future distribution.

Key Insights

HQUS combines equal-weight US equity exposure with Australian-dollar currency hedging. Its portfolio construction spreads company weights more evenly while retaining exposure to broad equity-market movements. Rebalancing, sector composition, hedging costs and changes in underlying company Earnings remain relevant to the fund’s investment characteristics.