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VanEck Vectors MSCI World ex Australia Quality (Hedged) ETF QHAL

Fund description: QHAL gives investors exposure to a diversified portfolio of quality international companies from developed markets (ex Australia) with returns hedged into Australian dollars. QHAL aims to provide investment returns before fees and other costs which track the performance of the Index.

Index description: The MSCI World ex Australia Quality 100% Hedged to AUD Index aims to capture the performance of quality stocks selected from the Parent Index, MSCI World ex Australia, by identifying companies with high quality scores determined by MSCI based on three key fundamental variables: high return on equity; stable year-on-year earnings growth; and low financial leverage.

Management style: Replication

 as at 17-Sep-20

  • Exchange

    ASX

  • ASX code

    QHAL

  • Bloomberg index code

    HA724440

  • Index provider

    MSCI Inc.

  • NAV1

    $31.35

  • Units outstanding1

    7,361,019

  • Net assets1

    $230.8M

  • Number of holdings1

    298

  • Inception date2

    21-Mar-19

  • ASX commencement

    25-Mar-19
1As of the close of the previous trading day.
2The date the ETF was seeded prior to quotation on ASX.

as at 17-Sep-20

The NAV is generally calculated daily after all markets are closed for that day based on the closing price of the securities on the relevant foreign stock exchange. The NAV is then converted to AUD based on the relevant London WM Reuters 4pm exchange rate. This means, due to Australia’s time zone, that the NAV will generally not be updated until around 3pm next business day.

Key benefits

The world's highest quality companies
Access the world's highest quality companies based on key fundamentals including (i) high return on equity, (ii) earnings stability and (iii) low financial leverage
   
Outperformance potential
Investments focusing on companies with quality characteristics have delivered outperformance over the long term relative to global equity benchmarks

Diversified across countries, sectors and companies  
Offering investors a portfolio of approximately 300 companies across a range of geographies, sectors and economies
  
Australian dollar currency hedged

Trading information

  • ASX code

    QHAL

  • IRESS code

    QHAL.AXW

  • Units outstanding

    7,361,019

  • ISIN

    AU0000041204

Fees and other costs  

  • Management costs p.a.

    0.43%

Key risks

An investment in the ETF carries risks associated with: ASX trading time differences, financial markets generally, individual company management, industry sectors, foreign currency, currency hedging, country or sector concentration, political, regulatory and tax risks, fund operations and tracking an index. See the PDS for details.

Prices as at  17-Sep-20

NAV/
Last trade		 Volume:
30-day avg/
Previous day		 Daily change: NAV/
Last trade		 YTD change:
NAV/
Last trade		 Premium/
Discount		 Premium/
Discount
Distribution charts		 NAV &
Premium /Discount
History		 NAV
Chart
QHAL $31.35
$31.41		 24,218
45,422		 $-0.19 / -0.60%
$-0.42 / -1.32%		 +6.91%
+6.19%
 $0.06
+0.18%

Performance history (%) View all ETFs » View all indices »

1 Mth 3 Mths 6 Mths 1 Yr 3 Yrs p.a. 5 Yrs p.a. 10 Yrs p.a. ETF Inception p.a.
Price return 6.58 10.36 17.05 21.07 -- -- -- 15.96
Income return 0.00 1.21 1.28 1.32 -- -- -- 2.12
Total return 6.58 11.57 18.33 22.39 -- -- -- 18.08
Index (HA724440) 6.62 11.69 18.77 23.06 15.42 15.12 16.28 18.65
1 Mth 3 Mths 6 Mths 1 Yr 3 Yrs p.a. 5 Yrs p.a. 10 Yrs p.a. ETF Inception p.a.
Price return 0.37 16.83 -1.35 10.86 -- -- -- 9.81
Income return 1.10 1.28 1.08 1.22 -- -- -- 2.27
Total return 1.47 18.11 -0.27 12.08 -- -- -- 12.08
Index (HA724440) 1.52 18.33 0.09 12.67 12.69 12.27 15.46 12.64
The tables above show past performance of the ETF from its Inception Date and of the Index from its Base Date. Index performance shown prior to its Launch Date is simulated based on the current Index methodology. Results are calculated to the last business day of the month and assume immediate reinvestment of distributions. ETF results are net of management fees and costs, but before brokerage fees or bid/ask spreads incurred when investors buy/sell on the ASX. Returns for periods longer than one year are annualised. Past performance is not a reliable indicator of current or future performance which may be lower or higher.

Top ten holdings (%) View all daily holdings » as at 31-Aug-20

No. of holdings: 299
Security name
Ticker
 % of Fund net
assets
APPLE INC
AAPL US
 6.79
MICROSOFT CORP
MSFT US
 5.06
VISA INC
V US
 3.15
JOHNSON & JOHNSON
JNJ US
 2.78
MASTERCARD INC
MA US
 2.54
ALPHABET INC
GOOG US
 2.48
ALPHABET INC
GOOGL US
 2.42
NESTLE SA
NESN SW
 2.41
ROCHE HOLDING AG
ROG SW
 2.34
PROCTER & GAMBLE CO/THE
PG US
 2.14
Top ten total (%) 32.11
These are not recommendations to buy or to sell any security.
Holdings:  Holdings data shows the direct investments of the VanEck Vectors MSCI World ex Australia Quality ETF (QUAL), the underlying fund into which QHAL primarily invests to obtain exposure to the securities in the index.  Accordingly the percentage holdings of QHAL will vary slightly to those shown above because of its cash and forward positions.

Country weightings (%) as at 31-Aug-20

  • Country

    Weightings (%)

  • United States

    69.2

  • Switzerland

    5.8

  • United Kingdom

    5.8

  • Japan

    3.9

  • Denmark

    2.0

  • France

    1.9

  • Ireland

    1.7

  • Canada

    1.5

  • Netherlands

    1.4

  • Sweden

    0.9

  • China

    0.7

  • Germany

    0.7

  • Finland

    0.5

  • Italy

    0.4

  • Spain

    0.4

  • New Zealand

    0.1

  • Israel

    0.1

  • Singapore

    0.1

  • Belgium

    0.1

  • Bermuda

    0.0

  • Norway

    0.0

  • Jordan

    0.0

  • Other/Cash

    2.7

  • Total

    99.9

Sector weightings (%) as at 31-Aug-20

  • Sector

    Weightings (%)

  • Information Technology

    35.7

  • Health Care

    18.5

  • Consumer Staples

    12.9

  • Industrials

    10.0

  • Consumer Discretionary

    8.1

  • Communication Services

    5.9

  • Financials

    3.9

  • Materials

    1.7

  • Real Estate

    0.4

  • Energy

    0.2

  • Other/Cash

    2.7

  • Total

    100.0