The Fund employs a passive management strategy of investing directly in the securities that comprise the Reference Index

The Fund gives investors access to a diversified portfolio of leading international developed markets (exAustralia) companies with the best growth at a reasonable price (GARP) attributes from the globalhealth care sector.

Each Fund provides investors with:

• cost effective and easy access to a diversified portfolio of international listed equities via a single trade on ASX;
• transparency of holdings, pricing and performance;
• flexibility of intraday ASX trading capability; and
• no foreign tax paperwork.

Compared to unlisted actively managed funds, investors benefit from:

• trading via live prices on ASX;
• potentially lower costs;
• liquidity; and
• transparency and intraday trading.

HLTH is likely to be appropriate for consumer’s who are higher risk in nature, can accept higher potential losses in order to target a higher return or have a more aggressive or very high risk appetite, can accept higher potential losses and seek to maximise returns.

Reference Index strategy

In a single trade on ASX, each Fund gives investors a diversified portfolio of international companies, selected according to its Reference Index.

Exchange Traded Funds

ETFs provide investors with the best attributes of both managed funds and listed shares. When you invest in a Fund, you gain access to a portfolio of investments, constructed using professional skills and knowledge that you may not have access to if you invest on your own.

ETFs can be easily traded on ASX like listed shares, with live pricing throughout the ASX Trading Day. The difference between a single trade in ETF Units and company shares is that when you buy ETF Units you acquire exposure to the performance of an entire portfolio of securities not just a single company, saving you money and time.

Each Fund employs a passive management strategy of physically replicating the Reference Index by investing directly in the securities that comprise the Reference Index in proportion to their relative weightings in the Reference Index. A Fund may also hold other securities determined by us as necessary to achieve a Fund’s investment objective and as permitted under the AQUA Rules. Every time a security is either added to or removed from a Fund’s Reference Index, it may be necessary to make changes to the respective Fund’s portfolio to track the Reference Index. 

Futures traded on a licensed exchange may be used by the Funds in extraordinary circumstances to gain market exposure without investing directly in underlying securities in the Reference Index or for the purpose of short term management of certain cash flows with the intention of reducing tracking error risk. This allows VanEck to maintain each Fund’s liquidity without being underinvested.

Importantly, derivatives are not used in the Funds for speculation or to leverage a Fund’s portfolio.