QUAL has demonstrated long-term outperformance, outperforming the benchmark, the MSCI World ex Australia Index, since the quality ETF’s inception. View QUAL’s up-to-date performance over various time periods.

QUAL is known as an international quality ETF as it invests in international companies that exhibit quality characteristics. These are companies that have low leverage, stable earnings and high profitability.

Read why quality companies may shine in 2026.

QUAL selects the 300 highest quality international companies according to three key fundamentals:

• High return on equity (ROE);
• Stable earnings growth; and
• Low debt-to-equity ratios (low leverage).

Using these fundamentals, this quality ETF considers how effectively a company uses investments to generate earnings growth, its history of earnings, and how much debt the company has in comparison to its assets. Read more about what makes a quality company.

QUAL takes a smarter approach to selecting international companies compared to many other broad-based international ETFs. Most international ETFs select companies based on market capitalisaton, which means companies are ranked by size and the largest are selected. QUAL, a quality ETF, selects companies based on fundamentals and targets financially sound companies that have a history of solid earnings. These are characteristics of a quality company.

Investments focused on companies with quality characteristics have historically delivered outperformance over the long term relative to equivalent market capitalisation approaches. View QUAL’s performance in comparison to the standard international equity benchmark.

QUAL is best suited to investors seeking growth over the mid- to long-term who have a high risk/return profile. Read more about the type of investor likely to be appropriate for QUAL in QUAL’s Target Market Determination.

A quality ETF, QUAL invests in companies with quality characteristics. Quality companies have historically demonstrated resilience during weaker economic environments and volatile market conditions, meaning QUAL may offer investors relative protection durin such periods.

A quality ETF, QUAL may be suitable for an investor who:

• is seeking capital growth;
• is intending to use the product as a major, core, minor or satellite allocation within a portfolio;
• has an investment timeframe of at least 5 years; and
• has a high risk/return profile.

Such investors may be seeking:

• To diversify their portfolio with international companies, as QUAL is an international ETF.
• An opportunity to outperform the benchmark over the long term, as quality strategies have historically outperformed the benchmark.
• A portfolio of stocks that may provide defence in times of volatility.

Read QUAL’s Target Market Determination for more information.