VanEck MSCI International Small Companies Quality (AUD Hedged) 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 $297 (0.59% a year), so QHSM is $30 dearer.
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
Where the money is
Look-through exposure as at 3 Sept 2026 · 144 securities · top 10 = 13.7%
Country
Monthly returns
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.0 | 2.3 | −9.4 | 8.2 | 3.4 | 3.0 | −2.6 | −0.4 | −3.2 | −1.0 | 2.4YTD | ||
| 2025 | 4.8 | −6.8 | −3.8 | 0.9 | 5.1 | 4.0 | 2.6 | 2.3 | 0.4 | −0.6 | 0.5 | 0.8 | 10.1 |
| 2024 | 0.2 | 5.2 | 5.9 | −5.0 | 2.1 | −1.0 | 6.8 | −2.0 | 2.4 | 0.4 | 6.2 | −9.2 | 11.1 |
| 2023 | 9.4 | 9.4 |
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.
QHSM questions answered
Written from the latest data on this page. General information only, not financial advice.
How diversified is VanEck MSCI International Small Companies Quality (AUD Hedged) ETF?
VanEck MSCI International Small Companies Quality (AUD Hedged) ETF holds 144 securities, and its ten largest positions make up 13.7% of the fund, more spread out than the 36.4% typical of Global ex-Australia equity funds. That makes it moderately diversified.
Its largest country exposure is United States at 79.3%, based on holdings as at 3 Sept 2026.
Which ETFs does QHSM double up with most?
QHSM shares the most holdings with VanEck MSCI International Small Companies Quality ETF (QSML) (99% overlap), Vanguard MSCI International Small Companies Index ETF (VISM) (12% overlap) and Global X MSCI International Small and Mid Cap ETF (ISMD) (11% overlap). Overlap is the share of the portfolio the two funds hold in common, looking through to the underlying securities.
At 99%, owning both QHSM and QSML would mostly double up on the same investments rather than spread your money further. Of these, QSML has the lowest fee, at 0.59% a year against 0.62% for QHSM.
How is VanEck MSCI International Small Companies Quality (AUD Hedged) ETF managed – active or passive?
VanEck MSCI International Small Companies Quality (AUD Hedged) 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 quality 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 QHSM?
QHSM charges a management fee of 0.62% a year, about $62 for every $10,000 invested. Only 30% 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 VanEck MSCI International Quality ETF (QUAL) at 0.40%, VanEck MSCI International Quality (AUD Hedged) ETF (QHAL) at 0.43% and VanEck MSCI International Small Companies Quality ETF (QSML) at 0.59%.
If you would rather have a manager choose the investments, active options such as WCM Quality Global Growth Fund - Active ETF (WCMQ) at 1.25% 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 0.17% for QHSM.
Does VanEck MSCI International Small Companies Quality (AUD Hedged) ETF follow a theme?
Not a theme as such, but it follows a quality investment style: it screens for companies with strong profitability, stable earnings and low debt.
Other ASX funds using a quality approach include VanEck MSCI International Quality ETF (QUAL), VanEck MSCI International Quality (AUD Hedged) ETF (QHAL), VanEck MSCI International Small Companies Quality ETF (QSML) and Betashares Australian Quality ETF (AQLT).
What is under the hood of QHSM?
As at 3 Sept 2026, QHSM's ten largest holdings are Woodward Inc (1.6%), Royal Gold Inc (1.6%), Itt Inc (1.4%), East West Bancorp Inc (1.4%), Medpace Holdings Inc (1.4%), Lincoln Electric Holdings Inc (1.3%), Exelixis Inc (1.3%), Manhattan Associates Inc (1.3%), Sterling Infrastructure Inc (1.2%) and Mueller Industries Inc (1.2%). Together they make up 13.7% of the fund.
Rather than simply weighting companies by market size, its index screens for companies with strong profitability, stable earnings and low debt.
How well has VanEck MSCI International Small Companies Quality (AUD Hedged) ETF performed?
Based on its category, VanEck MSCI International Small Companies Quality (AUD Hedged) ETF aims to grow your capital in line with the index it tracks.
To 23 Oct 2026, with distributions reinvested, it returned 3.1% over 1 year (median 6.3%; ranked 77 of 121). The medians and rankings compare it with Global ex-Australia equity funds. Since listing in 2023 it has returned 13.0% a year.
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 QHSM; 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 0.62% a year, and a much bigger gap is a warning sign.
Past performance is not a reliable indicator of future performance.