VanEck MSCI International Small Cap ETF (QSML) $30.78
The QSML ETF aims to track the MSCI World ex-Australia Small Cap Quality 150 Index (unhedged). The Fund currently holds 159 stocks with a lot around the 1% weighting.
VanEck MSCI international Small Companies ETF (QSML)
QSML $31.82
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Share price activity
Displays share price activity. Volume = number of shares traded, Turnover = value of shares traded, VWAP = volume-weighted average price for the day, sourced from Morningstar.
- Last (Price)
- 31.82
- Change
- ▲ 0.86 (2.78)
- Bid / Ask
- 31.79 - 31.81
- Volume
- 47,781
- Turnover
- 1,517,008
- Open
- 31.00
- Day Range
- 31.00 - 31.82
- VWAP
- 31.75
- Prev Close
- 30.96
- Last Trade
- 10/11 12:56pm
Fund profile
Displays who issues the fund, how it is structured and invests, its Morningstar category and benchmark, size, headline costs and dates, sourced from Morningstar. Fund size counts every class of the fund; ETF net assets is this listing alone.
Fund size
$961.1M
NOV 2026
Total cost ratio
0.59%
per year
Distributions
Annually
Since inception
5.7 yrs
MAR 2021
- Legal name
- VanEck MSCI International Small Companies Quality ETF
- Issuer
- VanEck Investments Limited
- Type
- Exchange-Traded Fund
- Structure
- Open Ended Investment Company
- Management style
- Index fund
- Morningstar category
- Equity World Mid/Small
- Category index
- MSCI World Small Cap NR AUD
- Benchmark
- MSCI Wld ex Aus Small Cap Qu 150 NR AUD
- ETF net assets
- $961.1M
- Units on issue
- 45.3M
- Management fee
- 0.59% p.a.
- Domicile
- Australia
- Base currency
- AUD
- ISIN
- AU0000137804
- Inception
- 8 MAR 2021
- Listed
- 10 MAR 2021
Objective and strategy
The Fund gives investors access to a portfolio of 150 international small-cap companies selected from the parent index, MSCI World ex Australia Small Cap Index, by identifying companies with a high quality score based on three fundamental variables: o return on equity; o earnings variability; and o debt to equity ratio.
Asset allocation · 30 SEP 2026
Displays how the fund is split between shares, bonds, cash and other assets, sourced from Morningstar.
US equity 77.22%Non-US equity 22.80%
| Asset class | Net % | Long % | Short % |
|---|---|---|---|
| Equity | 100.02 | 100.02 | 0.00 |
| Bond | -0.07 | 0.00 | 0.07 |
| Cash | 0.04 | 0.16 | 0.12 |
| Other | 0.00 | 0.00 | 0.00 |
Sector exposure
Displays the share of the fund held in each sector, sourced from Morningstar.
Cyclical 34.33%Sensitive 49.86%Defensive 15.81%
- Industrials
- 33.21%
- Financial Services
- 21.93%
- Healthcare
- 11.97%
- Technology
- 11.14%
- Consumer Cyclical
- 6.71%
- Basic Materials
- 5.69%
- Consumer Defensive
- 3.84%
- Communication Services
- 3.04%
- Energy
- 2.46%
- Real Estate
- 0.00%
- Utilities
- 0.00%
Region exposure
Displays the share of the fund held in each region, sourced from Morningstar.
Developed markets 99.64%Emerging markets 0.36%
- North America
- 79.65%
- Europe Developed
- 7.92%
- United Kingdom
- 5.13%
- Japan
- 4.57%
- Africa / Middle East
- 1.56%
- Latin America
- 1.17%
- Europe Emerging
- 0.00%
- Australasia
- 0.00%
- Asia Developed
- 0.00%
- Asia Emerging
- 0.00%
Country exposure
Displays the twelve countries the fund holds most of, sourced from Morningstar.
- United States
- 77.20%
- United Kingdom
- 5.13%
- Japan
- 4.57%
- Sweden
- 2.81%
- Canada
- 2.45%
- Israel
- 1.56%
- France
- 1.23%
- Switzerland
- 1.15%
- Denmark
- 0.95%
- Other Countries
- 0.81%
- Finland
- 0.52%
- Austria
- 0.52%
Style box
Displays where the fund's shareholdings sit on Morningstar's style box: size (large, mid, small) down and investment style (value, blend, growth) across, sourced from Morningstar.
LargeMidSmallValueBlendGrowth
- Style
- Small Blend
- Average moat
- Minimal
Size score
90
Small
Mid
Large
Value-growth score
194
Value
Blend
Growth
Economic moat
Narrow 48%None 40%Wide 12%
Market capitalisation
Displays the share of the fund's shareholdings in giant, large, mid, small and micro cap companies, sourced from Morningstar.
- Giant
- 0.00%
- Large
- 2.36%
- Mid
- 29.66%
- Small
- 67.30%
- Micro
- 0.68%
Large 2%Mid 30%Small 67%Micro 1%
- Average market cap
- $13.33B
- Number of holdings
- 151
- Shares held
- 145
Portfolio statistics · 5 NOV 2026
Displays the valuation, yield, size, concentration and quality of the fund's shareholdings taken together (trailing twelve months), sourced from Morningstar.
- Price / earnings
- 18.86
- Price / book
- 3.52
- Price / sales
- 2.30
- Price / cash flow
- 12.89
- Dividend yield
- 1.21%
- Assets in top 10
- 15.04%
- Return on equity
- 25.73%
- Net margin
- 19.11%
- Earnings growth (3 yr)
- 17.19%
Top holdings · top 10 = 14.48% of assets
Displays the fund's ten largest holdings and their weight in the portfolio, sourced from Morningstar.
| Holding | % Weight | First bought | Market value | Currency | Units held | Sector | Country | |
|---|---|---|---|---|---|---|---|---|
| Exelixis Inc EXEL | 1.66 | JUN 2024 | 25.4M | USD | 257,195 | Healthcare | United States | |
| Manhattan Associates Inc MANH | 1.58 | JUN 2025 | 24.2M | USD | 68,506 | Technology | United States | |
| Medpace Holdings Inc MEDP | 1.58 | MAY 2021 | 24.1M | USD | 26,030 | Healthcare | United States | |
| Woodward Inc WWD | 1.55 | MAR 2021 | 23.6M | USD | 54,610 | Industrials | United States | |
| Royal Gold Inc RGLD | 1.48 | DEC 2021 | 22.6M | USD | 69,485 | Basic Materials | United States | |
| East West Bancorp Inc EWBC | 1.46 | MAR 2021 | 22.3M | USD | 120,119 | Financial Services | United States | |
| ITT Inc ITT | 1.45 | JUN 2022 | 22.1M | USD | 78,462 | Industrials | United States | |
| Lincoln Electric Holdings Inc LECO | 1.43 | MAR 2021 | 21.9M | USD | 55,595 | Industrials | United States | |
| BJ's Wholesale Club Holdings Inc BJ | 1.14 | JUN 2025 | 17.4M | USD | 114,365 | Consumer Defensive | United States | |
| Toll Brothers Inc TOL | 1.14 | JUN 2023 | 17.4M | USD | 84,002 | Consumer Cyclical | United States |
Trailing returns · 31 OCT 2026
Displays total returns after fees at net asset value, the return at the ASX market price, the return before fees, and where the fund ranks among funds in its Morningstar category, sourced from Morningstar.
Fund (NAV) Market price
1M
-0.5
3M
-4.2
6M
-3.4
YTD
3.7
1Y
4.1
3Y
15.5
5Y
5.5
| Period | Fund (NAV) % | Market price % | Before fees % | Rank in category |
|---|---|---|---|---|
| 1 month | -0.53 | -0.11 | -0.48 | 55 / 97 |
| 3 months | -4.19 | -3.89 | -4.05 | 87 / 95 |
| 6 months | -3.44 | -1.00 | -3.15 | 92 / 91 |
| Year to date | 3.73 | 3.55 | 4.24 | 68 / 91 |
| 1 year | 4.09 | 4.75 | 4.70 | 68 / 86 |
| 3 years p.a. | 15.47 | 16.21 | 16.16 | 62 / 67 |
| 5 years p.a. | 5.49 | 5.66 | 6.12 | 33 / 48 |
Returns to 31 OCT 2026, periods of 3 years and longer annualised. Rank is the percentile in the Morningstar category at 30 SEP 2026 (1 = best) over the funds ranked.
Calendar year returns
Displays the total return after fees and the capital (price) return for each calendar year, with the fund's rank in its Morningstar category, sourced from Morningstar.
Total Capital
2022
-16.0
2023
30.7
2024
22.9
2025
3.4
| Year | Total % | Capital % | Rank in category |
|---|---|---|---|
| 2025 | 3.38 | 2.16 | 76 / 74 |
| 2024 | 22.85 | 19.87 | 32 / 72 |
| 2023 | 30.73 | 26.21 | 13 / 65 |
| 2022 | -15.99 | -15.57 | 30 / 58 |
Financial year returns
Displays the total return after fees for each financial year to 30 June, sourced from Morningstar.
FY22
-14.5
FY23
28.3
FY24
18.4
FY25
11.4
FY26
11.5
| Financial year | Total % |
|---|---|
| Financial year to date | -8.95 |
| Year to 30 JUN 2026 | 11.48 |
| Year to 30 JUN 2025 | 11.36 |
| Year to 30 JUN 2024 | 18.42 |
| Year to 30 JUN 2023 | 28.35 |
| Year to 30 JUN 2022 | -14.54 |
Risk statistics · 31 OCT 2026
Displays how the fund has moved relative to its category index: alpha (return beyond the index), beta (sensitivity to it), R-squared (how much the index explains), volatility and risk-adjusted returns, sourced from Morningstar.
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Alpha | -10.92 | -5.85 | -1.23 | — |
| Beta | 1.04 | 1.14 | 1.13 | — |
| R-squared | 88.07 | 88.44 | 88.79 | — |
| Standard deviation | 14.82 | 16.51 | 18.87 | — |
| Sharpe ratio | -0.61 | 0.53 | 0.29 | — |
| Sortino ratio | -0.89 | 0.84 | 0.35 | — |
| Tracking error | 3.88 | 5.25 | 5.39 | — |
| Information ratio | -3.00 | -0.96 | -0.15 | — |
| Upside capture % | 60.39 | 97.54 | 110.47 | — |
| Downside capture % | 132.92 | 134.22 | 120.05 | — |
| Maximum drawdown % | -5.49 | -10.15 | -21.32 | — |
Measured against MSCI World Small Cap NR AUD with RBA Bank accepted Bills 90 Days as the risk-free rate, to 31 OCT 2026. Maximum drawdown is on gross returns at the latest quarter end.
Portfolio risk score
Displays Morningstar's Portfolio Risk Score for the fund's holdings, how closely the ETF tracks its index day to day, the estimated cost of holding it against the index, the cost of trading it at market size, and its best and worst quarters since inception, sourced from Morningstar.
Risk score
94.6
Cash 0
Global shares 100
Morningstar Portfolio Risk Score at 30 SEP 2026.
- Market impact cost %
- 0.129
- Best quarter
- 18.63% · FEB 2024
- Worst quarter
- -14.66% · MAR 2022
Fees and costs
Displays the fund's ongoing costs as a percentage of assets per year: the PDS management fees and costs, performance fee and transaction costs that make up the total cost ratio (the RG 97 forward estimate, and what was charged last financial year), and the buy / sell spread, sourced from Morningstar.
- Management fees and costs
- 0.59% p.a.
- Performance fee costs
- 0.00% p.a.
- Transaction costs
- 0.00% p.a.
- Total cost ratio
- 0.59% p.a.
- Total cost ratio (last FY)
- 0.59% p.a.
- Performance fee
- Yes
- PDS dated
- 20 JUL 2026
Distributions
Displays the most recent distribution paid per unit and its key dates, sourced from Morningstar.
- Latest distribution
- 0.1300
- Ex Date
- 1 JUL 2026
- Record Date
- 2 JUL 2026
- Pay Date
- 27 JUL 2026
- NAV at ex date
- 33.43
- Paid this year
- 0.1300
Distributions by year
Displays the total distributions paid per unit in each calendar year, sourced from Morningstar.
2024
0.1
2023
0.9
2022
0.1
2021
0.2
2020
0.1
| Year | Per unit ($) |
|---|---|
| 2024 | 0.0900 |
| 2023 | 0.9200 |
| 2022 | 0.1400 |
| 2021 | 0.2300 |
| 2020 | 0.0500 |
Distribution history
Displays the most recent distributions by ex date, sourced from Morningstar.
| Ex Date | Per unit ($) |
|---|---|
| 1 JUL 2026 | 0.1300 |
| 1 JUL 2025 | 0.0900 |
| 1 JUL 2024 | 0.9200 |
| 3 JUL 2023 | 0.1400 |
| 1 JUL 2022 | 0.2300 |
| 1 JUL 2021 | 0.0500 |
Sustainability rating · 31 AUG 2026
Displays the Morningstar Sustainability Rating (1 to 5 globes, more is better) and the portfolio ESG risk score behind it (lower is less risk), against the average of the fund's global category, sourced from Morningstar and Sustainalytics.
Average
ESG risk score
23.89
Negligible
Low
Medium
High
Severe
- Rank in category
- 73rd percentile
- Environmental risk
- 5.37
- Social risk
- 7.90
- Governance risk
- 5.13
- Portfolio covered
- 98.0%
ESG risk of holdings
Displays the share of the covered portfolio held in companies with negligible, low, medium, high and severe ESG risk, sourced from Morningstar and Sustainalytics.
- Negligible
- 0.88%
- Low
- 30.07%
- Medium
- 50.42%
- High
- 17.21%
- Severe
- 1.43%
0.00% of assets are in companies with high or severe controversies.
Carbon · 31 AUG 2026
Displays the portfolio carbon risk score (lower is less exposure to the transition to a low-carbon economy), the share of the portfolio in companies with fossil fuel revenue, and whether the fund earns Morningstar's Low Carbon Designation, sourced from Morningstar and Sustainalytics.
Carbon risk score
11.67
Low
Medium
High
Severe
Category average 9.92
- Carbon risk
- Medium Risk
- Rank in category
- 83rd percentile of 48 funds
- Fossil fuel involvement
- 2.14%
- Category average
- 4.84%
- Low Carbon Designation
- No
- Portfolio covered
- 97.9%
Fund managers
Displays the people Morningstar lists as managers of the fund, sourced from Morningstar.
- Russel Chesler
- Jamie Hannah
Tenure
Displays how long the managers have run the fund: the average and longest tenure, who has served longest, the latest appointment and how many other funds the team manages, sourced from Morningstar.
- Number of managers
- 2
- Average tenure
- 5.7 years
- Longest tenure
- 5.7 years
- Longest serving
- Russel Chesler, Jamie Hannah · since 8 MAR 2021
- Most recent appointment
- Russel Chesler, Jamie Hannah · since 8 MAR 2021
- Managed since
- 8 MAR 2021
- Other funds managed
- 49
Displays all company announcements released by the company to the exchange, sourced from Morningstar.
Announcements
No announcements stored for this company yet.
Opinion
Action
Updated
11/07/2025
09:31
QSML
Updated 11/07/2025 09:31
MM is cautiously bullish on the QSML ETF through 2025
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