Key Highlights

  • The units traded at $30.94 on 9 November 2026, up 51 cents or 1.67 per cent from the previous close of $30.43.
  • Industrials are the largest sector at 34.32 per cent, followed by financial services at 20.21 per cent.
  • The fund holds 156 companies and has a reported size of about $1.53 billion.
  • Management fees and costs are 0.59 per cent a year, and the stated annual Yield is 0.42 per cent.

The VanEck MSCI International Small Companies Quality ETF (ASX:QSML) gives Australian investors exposure to 150 small-cap companies selected from the MSCI World ex Australia Small Cap index, screened for quality characteristics. As at 9 November 2026, the units traded at $30.94, within a bid and offer range of $30.89 to $30.93. The fund reports a size of about $1.53 billion, sits in the Equity World Mid/Small category and was admitted to the ASX on 10 March 2021.

Fund fact

Detail

Last price

$30.94

Previous close

$30.43

Fund size

About $1.53 billion

Units outstanding

50,393,652

Management fees and costs

0.59% a year

Annual yield

0.42%

How the Quality Screen Works

The fund's selection process ranks companies in the parent index on three fundamental measures: return on equity, Earnings variability and Debt to equity. Companies with higher returns on equity, more stable earnings and lower Leverage are favoured in the screen, and the top names form the portfolio. This approach differs from a simple Market Capitalisation index, because it aims to filter for particular financial characteristics within the small-cap segment.

The category description notes that mid and small cap funds may exhibit value, growth or blended Investment styles. In this case, the quality screen gives the portfolio a distinct tilt that investors can compare with other small-cap products when reviewing the fund's objectives.

Sector and Country Exposure

Industrials account for 34.32 per cent of the portfolio, followed by financial services at 20.21 per cent and technology at 12.93 per cent. Healthcare makes up 11.28 per cent, consumer cyclical 6.95 per cent and basic materials 5.55 per cent. Real estate is absent from the screened portfolio.

The United States is the largest country exposure at 77.30 per cent, followed by the United Kingdom at 5.00 per cent, Japan at 4.15 per cent and Sweden at 2.73 per cent. Companies between $500 million and $1 billion in market capitalisation make up 69.86 per cent of holdings, with the remainder above $1 billion.

Leading Holdings and Trading

Woodward is the largest holding at 1.64 per cent, followed by Royal Gold at 1.50 per cent, Medpace Holdings at 1.48 per cent and ITT at 1.45 per cent. Exelixis, East West Bancorp, Lincoln Electric, Sterling Infrastructure, Manhattan Associates and Mueller Industries complete the top ten. The top ten holdings make up roughly 13.9 per cent of the fund, leaving 86.1 per cent across 146 other companies.

The units rose 1.67 per cent during the session, trading between $30.29 and $31.02 intraday. Session Volume of 119,118 units was above the average of about 98,384 units. Management fees and costs of 0.59 per cent a year are deducted from the fund's assets, and recent filings include the Annual Report for the year ended 30 June 2026.

Final Word

The VanEck MSCI International Small Companies Quality ETF offers a broadly diversified route into developed market small caps, filtered for return on equity, earnings stability and leverage. The unit price advanced during the session with volume above its typical level, and the fee of 0.59 per cent a year is the recurring cost investors will weigh. The fund's US weighting and the emphasis on industrial and financial companies are features that the product disclosure statement describes in more detail.