Key Highlights

  • The units traded at $3.98 on 9 November 2026, down 2 cents or about 0.5 per cent from the previous close of $4.00.
  • Real estate accounts for about 95.6 per cent of the portfolio, with healthcare making up the remainder.
  • The United States represents about 56.4 per cent of holdings, followed by the United Kingdom at 15.8 per cent and Canada at 12.9 per cent.
  • Management fees and costs are 0.88 per cent a year, and the stated annual Yield is 3.11 per cent.

The Quay Global Real Estate Fund (Unhedged) Active ETF (ASX:QGRU) offers Australian investors a managed portfolio of listed property securities drawn from markets around the world. As at 9 November 2026, the units traded at $3.98, within a bid and offer range of $3.96 to $3.98, with trading Volume of 1,003 units for the session. The product sits in the Equity Global Real Estate category, although its name signals an unhedged approach to overseas currency exposure.

Fund fact

Detail

Last price

$3.98

Day change

-$0.02 (-0.50%)

Management fees and costs

0.88% a year

Annual yield

3.11%

Largest sector

Real Estate at 95.60%

Largest holding

Ventas, Inc. at 5.97%

Sector and Regional Makeup

Property securities form almost the entire portfolio at 95.60 per cent, with healthcare accounting for 4.40 per cent. The regional mix leans heavily towards the United States at 56.44 per cent. The United Kingdom, Canada and Germany together make up roughly a quarter of holdings, giving the fund a broader geographic footprint than a purely domestic portfolio.

By size, companies with market capitalisations between $500 million and $1 billion account for 57.09 per cent of the portfolio, while larger companies above $1 billion make up 38.56 per cent. Senior housing, residential and healthcare property owners feature among the leading names, reflecting the sector mix within listed property.

Holdings and Concentration

The ten largest holdings make up 49.07 per cent of the fund. Ventas, The Macerich Company, Chartwell Retirement Residences, Invitation Homes and Scentre Group lead the list, with each position between roughly 4.9 and 6.0 per cent. The portfolio contains 28 companies in total.

Concentration of this kind means that movements in a handful of holdings can shift the fund's value more noticeably than a broadly diversified property portfolio. Retail property, senior living and residential rental operators all appear within the top ten, so sector-specific pressures could affect several positions at once.

Currency Approach and Product Structure

The product name indicates that currency exposure is not hedged, meaning movements in the Australian dollar against overseas currencies will affect returns for unitholders. The fund description adds a nuance, stating that the fund intends to mitigate currency risk through hedging. Investors should therefore read the product disclosure statement to understand how hedging is applied in practice.

The benchmark carries a hedged label, which reinforces the need to clarify the currency treatment before comparing this product with other global property funds. The management fee of 0.88 per cent applies regardless of how currency exposure is managed.

Final Word

The Quay Global Real Estate Fund (Unhedged) gives investors exposure to global listed property, with a heavy weighting towards US holdings and a meaningful share of the portfolio in its ten largest names. The unit price eased slightly on the day, trading volume was modest, and the currency approach requires closer reading of the product disclosure statement. The fee of 0.88 per cent and the stated yield of 3.11 per cent are the figures most investors will weigh against their own objectives.