Highlights

  • TOLL follows the FTSE Developed Core Infrastructure 50/50 Hedged to AUD Index.
  • Utilities represented 50.74% and industrials 30.29% of sector exposure.
  • The portfolio contained 144 holdings, with the ten largest representing 35.00%.
  • Management fees and costs were listed at 0.14%.

Betashares FTSE Global Infrastructure Shares Currency Hedged ETF (ASX:TOLL) provides developed market infrastructure Equity exposure with foreign currency exposure hedged to the Australian dollar. Its benchmark spans utilities, transportation and other infrastructure related activities. At the time of writing on 6 November 2026, TOLL was trading at AUD 26.84. The portfolio combines a large utilities allocation with transport and energy infrastructure businesses across several countries.

Infrastructure shares with an Australian dollar hedge

The fund aims to track the FTSE Developed Core Infrastructure 50/50 Hedged to AUD index before fees and expenses. Its investments provide exposure to listed infrastructure securities rather than direct ownership of individual roads, airports or Utility networks.

Currency hedging seeks to reduce the effect of foreign exchange movements on the portfolio’s Australian dollar value. It does not remove the commercial risks of the underlying businesses or guarantee an unchanged fund value. Interest rates, financing requirements, regulation and Demand for infrastructure services can affect company Earnings and valuations even when currency exposure is hedged.

Utilities and transport businesses lead the holdings

Utilities represented 50.74% of sector exposure, industrials 30.29%, energy 13.98% and real estate 3.80%. Small technology and communication services classifications completed the reported sector mix. These classifications show how an infrastructure mandate crosses several conventional equity sectors.

Aena was the largest holding at 5.15%, followed by Transurban at 4.94%, NextEra Energy at 4.75% and Union Pacific at 3.90%. Southern Company, Duke Energy, Enbridge, National Grid, Auckland International Airport and Williams Companies completed the ten largest positions. Their combined weight was 35.00% of the portfolio, which contained 144 holdings.

United States exposure costs and distributions

The United States represented 58.28% of geographic exposure, Canada 10.71%, Spain 6.41% and Australia 5.73%. The United Kingdom accounted for 4.44% and Japan 3.79%, with smaller allocations elsewhere. Company breadth therefore coexists with a substantial United States allocation.

The reported asset allocation was entirely equities. Companies above AUD 1 billion represented 94.83% of the Market Capitalisation breakdown. The portfolio is consequently centred on larger infrastructure businesses. Shared financing conditions or regulatory changes can affect several holdings together, while company specific operating issues can create differences within the sector.

Management fees and costs were listed at 0.14%. Fund size was AUD 31.51 million. A distribution of AUD 0.213 per unit had an ex-distribution date of 1 October 2026, a Record Date of 2 October 2026 and a payment date of 16 October 2026. Distribution amounts can change and do not represent a fixed payment commitment.

Key Insights

TOLL provides global listed infrastructure exposure led by utilities and transport businesses. Its Australian dollar hedge changes the currency profile, while the United States allocation and underlying equity risks remain central to understanding the portfolio.