Key Highlights

  • MQHG gives access to global equities through an unlisted class of the Macquarie Core Global Equity Fund.
  • The fund is predominantly hedged back to Australian dollars, reducing the effect of currency moves.
  • Management fees are 0.18% a year, with an interim distribution of A$0.028 and an annual Yield of 1.71%.
  • The fund traded at A$11.30 in the 5 November 2026 session, up 3.10%.

The Macquarie Core Global Equity (Hedged) Active ETF (ASX:MQHG) offers global share exposure with most of the currency risk hedged back to Australian dollars. The fund aims to outperform its index by about 1% a year, before fees, over rolling five-year periods. It traded at A$11.30 during the 5 November 2026 session, up 3.10%, while the S&P/ASX 200 gained 1.87%.

Fund detail

Information

Share price (5 Nov 2026 session)

A$11.30, up 3.10%

Management fees and costs

0.18% a year

Annual yield

1.71%

Last distribution

A$0.028 interim, ex-date 1 October 2026

Structure

Invests in an unquoted class of the Macquarie Core Global Equity Fund

Benchmark

MSCI World exAus exTbcc Hdg NR AUD

Admitted to ASX

4 December 2025

What the fund is

MQHG is an exchange-traded fund that invests in an unlisted class of the Macquarie Core Global Equity Fund. Its units trade on the ASX, so investors can buy and sell during market hours, while the underlying investments are held through the unlisted class.

The structure gives investors access to a diversified, actively managed global equity portfolio in a single ASX holding. The fund's objective is to outperform its index, before fees, over rolling five-year periods.

How the portfolio is built

The underlying fund holds a diversified portfolio of global equities listed, or expected to be listed, on recognised exchanges. It may also use Derivatives and cash as part of its management. Because the holdings sit inside the underlying fund, the composition of the ASX unit is the composition of that fund.

The fund is designed to be predominantly hedged for foreign exchange risk. Hedging aims to reduce the effect of a falling foreign currency on returns in Australian dollars, but it also limits gains when the foreign currency rises, and it carries costs that affect the net result.

Income and costs

The most recent distribution was an interim payment of A$0.028, with an ex-date of 1 October 2026 and payment on 16 October 2026. The annual yield is 1.71%. For a global equity fund, the income is typically modest and is only part of the return, which also depends on Capital growth.

Management fees and costs are 0.18% a year. Investors should note that the fund's returns are stated before fees, so the net result after management costs is what reaches unitholders.

What to understand before investing

Global equity funds carry Market Risk across several countries. Their prices can fall sharply in a downturn, and the value of the underlying holdings is influenced by global economic conditions, interest rates and company-specific news.

Because the fund is hedged, currency movements have a reduced effect on its returns, but hedging is not perfect and can lag the underlying exposure. Investors should consider how the fund's hedging, its active approach and its outperformance target fit with their broader portfolio.

Comparing with an unhedged global fund

Investors comparing MQHG with an unhedged global equity fund may look at the hedging policy, the fee, the outperformance target and the way results are reported. Hedged and unhedged versions of the same index can produce quite different returns in Australian-dollar terms, depending on how the currency moves.

Final Word

MQHG combines global share exposure with a currency-hedged structure, delivered through an underlying fund. Its outperformance target is set before fees, which investors should weigh against costs.