Key Highlights

  • The units traded at $32.28 on 9 November 2026, up 42 cents or 1.31 per cent from the previous close of $31.86.
  • The fund holds units of VanEck's unhedged small companies quality ETF, which makes up about 102.7 per cent of assets.
  • Industrials and financial services are the two largest sectors, at 34.32 per cent and 20.21 per cent respectively.
  • Management fees and costs are 0.62 per cent a year, and the stated annual Yield is 0.40 per cent.

The VanEck MSCI International Small Companies Quality (AUD Hedged) ETF (ASX:QHSM) gives Australian investors exposure to small-cap companies from developed markets, with the currency exposure hedged back to the Australian dollar. As at 9 November 2026, the units traded at $32.28, within a bid and offer range of $32.29 to $32.34. The fund sits in the World Currency Hedged category and was admitted to the ASX on 9 November 2023.

Fund fact

Detail

Last price

$32.28

Previous close

$31.86

Day range

$32.10 to $32.28

Management fees and costs

0.62% a year

Annual yield

0.40%

Benchmark

MSCI World ex Australia Small Cap Quality 150 100% Hedged to AUD

How the Hedging Works

The fund is designed to neutralise the effect of movements between overseas currencies and the Australian dollar. For an Australian investor, that means the unit price is driven mainly by the performance of the underlying small companies rather than by exchange-rate shifts, although hedging carries its own costs and can cause the fund to differ slightly from the unhedged index return.

The category description notes that these portfolios may tilt towards a style or size characteristic. In this case the tilt is towards small companies with high quality scores based on return on equity, Earnings variability and Debt to equity.

Portfolio Composition

The fund's underlying holding is units of VanEck's unhedged small companies quality ETF, which accounts for 102.69 per cent of assets. Sector exposure therefore mirrors that fund, with industrials at 34.32 per cent, financial services at 20.21 per cent, technology at 12.93 per cent and healthcare at 11.28 per cent. Consumer cyclical companies account for 6.95 per cent.

The United States is the largest country exposure at 77.31 per cent, followed by the United Kingdom at 5.01 per cent, Sweden at 2.73 per cent and Japan at 4.15 per cent. Companies with market capitalisations between $500 million and $1 billion make up 69.86 per cent of holdings, while those above $1 billion account for 30.13 per cent.

Trading, Costs and Recent Filings

The units rose 1.31 per cent during the session, trading between $32.10 and $32.28 for a day range of 18 cents. Average Volume of about 13,199 units indicates a moderate level of exchange activity, and the bid and offer spread of five cents is narrow relative to the unit price.

Management fees and costs of 0.62 per cent a year are deducted from the fund's assets. The stated annual yield of 0.40 per cent reflects income from the underlying companies. Recent filings include the issued units outstanding report for 31 October 2026 and the Annual Report for the year ended 30 June 2026, both of which are useful for tracking changes in the fund's size.

Final Word

The VanEck hedged small companies quality fund offers a currency neutral route into developed market small caps screened for quality characteristics. The unit price rose during the session, costs are set at 0.62 per cent a year, and the fund's exposure depends heavily on the underlying unhedged ETF. Investors considering the product will find the product disclosure statement and the annual report the most detailed sources for how the hedge is implemented.