Global Quality Leaders Currency Hedged ETF
Overview
Fund objective
HQLT aims to track an index (before fees and expenses) that comprises 150 global companies (ex-Australia) ranked by highest quality score, hedged into Australian dollars.
Fund strategy
The quality score rankings used to select the stocks in the index are based on a combined ranking of four key factors - return on equity, debt-to-capital, cash flow generation ability and earnings stability. HQLT currently obtains its investment exposure by investing in the Betashares Global Quality Leaders ETF (ASX: QLTY), with the currency exposure hedged back to the Australian dollar.
Benefits
Access to the world’s highest quality companies
HQLT’s index has been designed to select quality global companies based on high return on equity and profitability, low leverage and earnings stability.
Currency-hedged
HQLT is currency-hedged to the Australian dollar, which seeks to minimise the effects of currency fluctuations on returns.
Diversification
In one ASX trade, access a portfolio of 150 high quality companies from a range of geographies and global sectors, many of which are under-represented in the Australian sharemarket.
Invest in HQLT with Betashares Direct
Key facts
Profile
| Units outstanding* (#) | 2,754,477 |
|---|---|
| Management fee and cost** (p.a.) | 0.38% |
| Distribution frequency | Semi-annual |
| Distribution reinvestment plan (DRP) | Full or partial participation available |
| Issuer | Betashares Capital Ltd |
| Registry | Link Market Services |
* As at 2 December 2024
**Certain additional costs apply. Please refer to PDS.
Pricing information
| Current price | |
|---|---|
| Last trade* | |
| % Change (prev day) | |
| Bid (delayed) | |
| Offer (delayed) | |
| NAV | * As at 2 December 2024 |
| NAV/Unit* | $31.10 |
| * Data is delayed by at least 20 minutes. | |
Past performance is not indicative of future performance. Please refer to "Fund returns after fees" for additional information regarding performance/return information.
Trading information
| ASX code | HQLT |
|---|---|
| Bloomberg code | HQLT AU |
| IRESS code | HQLT.AXW |
| Market makers | J.P. Morgan Securities Australia Limited |
Index information
| Index | iSTOXX MUTB Global ex-Australia Quality Leaders 150 Monthly Hedged AUD Index |
|---|---|
| Index provider | STOXX |
| Index ticker | N/A |
| Bloomberg index ticker | ISMGRANH |
Performance
Fund returns after fees (%)
| Fund | Index | MSCI World ex-Australia (hedged AUD) | |
|---|---|---|---|
| 1 month | -1.43% | -1.42% | -0.93% |
| 3 months | 1.37% | 1.51% | 2.23% |
| 6 months | 8.32% | 8.61% | 10.10% |
| 1 year | 30.48% | 31.16% | 31.63% |
| 3 year p.a. | 4.73% | 5.19% | 6.16% |
| 5 year p.a. | - | 12.60% | 11.07% |
| 10 year p.a. | - | 12.79% | 10.24% |
| Since inception | 11.39% | 11.81% | 12.47% |
| Inception date | 5-Jun-20 | - | - |
Past performance is not an indicator of future performance. Returns are calculated in Australian dollars using net asset value per unit at the start and end of the specified period and do not reflect brokerage or the bid ask spread that investors incur when buying and selling units on the ASX. Returns are after fund management costs, assume reinvestment of any distributions and do not take into account tax paid as an investor in the Fund. Returns for periods longer than one year are annualised. Current performance may be higher or lower than the performance shown.
Holdings and allocation
Portfolio holdings
| Name | Weight (%) |
|---|---|
| NETFLIX INC | 2.5 |
| CISCO SYSTEMS INC | 2.3 |
| SERVICENOW INC | 2.3 |
| NVIDIA CORP | 2.3 |
| META PLATFORMS INC | 2.2 |
| ALPHABET INC | 2.1 |
| HONEYWELL INTERNATIONAL INC | 2.1 |
| VISA INC | 2.1 |
| COSTCO WHOLESALE CORP | 2.1 |
| PROGRESSIVE CORP/THE | 2.0 |
Portfolio holdings information shows the direct investments of the Betashares Global Quality Leaders ETF (QLTY), the underlying fund into which HQLT invests substantially all of its assets to obtain exposure to index constituents. It closely approximates HQLT's percentage exposure to those investments. See the “Resources” section for HQLT's direct holdings, which comprise holdings of units in QLTY, cash and forward currency positions.
Sector allocation
| Information Technology | 34.5% |
|---|---|
| Industrials | 16.4% |
| Health Care | 14.4% |
| Financials | 9.0% |
| Communication Services | 8.8% |
| Consumer Discretionary | 7.8% |
| Consumer Staples | 6.8% |
| Energy | 1.7% |
| Materials | 0.4% |
| Other | 0.2% |
* As of 31 October 2024
Country allocation
| United States | 71.8% |
|---|---|
| Japan | 10.4% |
| Netherlands | 2.9% |
| France | 2.7% |
| Britain | 2.7% |
| Denmark | 2.4% |
| Switzerland | 1.7% |
| Spain | 1.0% |
| Sweden | 0.9% |
| Other | 3.4% |
* As of 31 October 2024
Distributions
Frequency and yield
| Distribution frequency | Semi-annual |
|---|---|
| 12 mth distribution yield* | 3.7% |
*As at 2 December 2024. Yield is calculated by summing the prior 12-month per unit distributions divided by the closing NAV per unit at the end of the relevant period. Yield will vary and may be lower at time of investment. Past performance is not indicative of future performance.
You can elect DRP by logging into Link’s Investor Centre. Once you are logged in, please proceed to the 'Payments and Tax' tab and select 'Reinvestment Plans'.
Recent distributions
| Ex Date | Record Date | Payment Date | Distribution Unit ($) | Annual Distribution Return (%) (1) |
|---|---|---|---|---|
| 1-Jul-24 | 2-Jul-24 | 16-Jul-24 | $1.00934 | 4.49% |
| 2-Jan-24 | 3-Jan-24 | 17-Jan-24 | $0.091845 | 0.44% |
| 3-Jul-23 | 4-Jul-23 | 18-Jul-23 | - | 0.53% |
| 3-Jan-23 | 4-Jan-23 | 18-Jan-23 | $0.091643 | 0.33% |
| 1-Jul-22 | 4-Jul-22 | 18-Jul-22 | - | 0.14% |
| 4-Jan-22 | 5-Jan-22 | 19-Jan-22 | $0.046332 | 6.32% |
| 1-Jul-21 | 2-Jul-21 | 16-Jul-21 | $1.311491 | 6.40% |
| 4-Jan-21 | 5-Jan-21 | 19-Jan-21 | $0.0806 | - |
1 This is the annual distribution return to the end of the relevant distribution date. The distribution return reflects the contribution to total investment return made by the Fund's distributions. Distribution return is calculated as the total return less the growth return. Total return is calculated as the percentage change in a continuing investor's interest in the Fund assuming reinvestment of all distributions back into the Fund (and no other application or withdrawal), net of ongoing fees. Growth return is the Fund's return excluding distributions, net of ongoing fees. Past performance is not indicative of future performance