Global X MSCI International Small and Mid Cap ETF
Performance
Total return to 23 Oct 2026, distributions reinvested, before franking. ASX figures are to 30 Sept 2026 and gross of franking, so they run higher for franked Australian funds.
What it costs to hold
Management fee plus trading costs, compared with similar funds.
A typical fund among Global ex-Australia equity funds would cost $296 (0.59% a year), so ISMD is $9 cheaper.
Spread is the average gap between buying and selling prices on the ASX. Fees are shown on a flat balance, not compounded on growth. Excludes tax and any adviser or platform fees.
Calendar-year returns
No full calendar year yet.
Where the money is
Look-through exposure as at 2 Sept 2026 · 298 securities · top 10 = 8.8%
Country
Monthly returns
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.1 | 0.7 | −1.9 | −1.2YTD |
Total return each month in %, distributions reinvested, before franking. The latest month runs to the last price date. The first year starts from listing.
Top holdings
Most similar funds
Overlap is the share of the portfolio held in common, look-through. Correlation is of daily returns. High overlap means close substitutes.
ISMD questions answered
Written from the latest data on this page. General information only, not financial advice.
How diversified is Global X MSCI International Small and Mid Cap ETF?
Global X MSCI International Small and Mid Cap ETF holds 298 securities, and its ten largest positions make up 8.8% of the fund, more spread out than the 36.4% typical of Global ex-Australia equity funds. That makes it widely diversified.
Its largest country exposure is United States at 68.3%, based on holdings as at 2 Sept 2026.
Which ETFs does ISMD double up with most?
ISMD shares the most holdings with Betashares S&P 500 Equal Weight Currency Hedged ETF (HQUS) (16% overlap), Betashares S&P 500 Equal Weight ETF (QUS) (16% overlap) and Vanguard MSCI International Small Companies Index ETF (VISM) (14% overlap). Overlap is the share of the portfolio the two funds hold in common, looking through to the underlying securities.
None of these overlaps is above half, so pairing ISMD with one of them adds some genuinely different holdings.
How is Global X MSCI International Small and Mid Cap ETF managed – active or passive?
Global X MSCI International Small and Mid Cap ETF is passively managed: it follows an index and holds what that index holds, rather than relying on a manager's stock picks. Its index uses a small-company approach, so it is sometimes called "smart beta".
Among Global ex-Australia equity funds, active funds charge a median 0.75% a year and index funds 0.45%.
What will I pay in fees for ISMD?
ISMD charges a management fee of 0.45% a year, about $45 for every $10,000 invested. Only 46% of the 471 ASX ETFs we track charge more, and the median fee is 0.44%. Among Global ex-Australia equity funds, the median is 0.55%.
Lower-cost funds with a similar focus include Vanguard MSCI International Small Companies Index ETF (VISM) at 0.32%.
If you would rather have a manager choose the investments, active options such as Dimensional Global Small Company - Active ETF (DGSM) at 0.55% and Ausbil Global SmallCap Fund - Active ETF (GSCF) at 1.20% cost more.
The fee is taken from the fund's assets and is already reflected in its returns. You'll also pay brokerage when you buy or sell, and the bid-ask spread, which has averaged 0.62% for ISMD.
Does Global X MSCI International Small and Mid Cap ETF follow a theme?
Not a theme as such, but it follows a small-company investment style: it focuses on companies below the largest by market size.
Other ASX funds using a small-company approach include Vanguard MSCI Australian Small Companies Index ETF (VSO), Vanguard MSCI International Small Companies Index ETF (VISM), iShares S&P Small-Cap ETF (IJR) and Dimensional Global Small Company - Active ETF (DGSM).
What is under the hood of ISMD?
As at 2 Sept 2026, ISMD's ten largest holdings are Moderna Inc (1.5%), Warner Bros Disc (1.0%), Nucor Corp (0.9%), US Foods Holding (0.8%), Carvana Co (0.8%), Royal Gold Inc (0.8%), Cardinal Health (0.8%), Garmin Ltd (0.7%), Ebay Inc (0.7%) and Baker Hughes Co (0.7%). Together they make up 8.8% of the fund.
Rather than simply weighting companies by market size, its index focuses on companies below the largest by market size.
How well has Global X MSCI International Small and Mid Cap ETF performed?
Based on its category, Global X MSCI International Small and Mid Cap ETF aims to grow your capital in line with the index it tracks.
ISMD doesn't have a full year of price history yet, so we can't judge its performance.
Tracking difference is the gap between a fund's return and its index's return. We don't hold index returns, so we can't measure it for ISMD; the issuer reports it in the monthly fact sheet. As a guide, a well-run index fund trails its index by about its fee, here 0.45% a year, and a much bigger gap is a warning sign.
Past performance is not a reliable indicator of future performance.