ISLM
Actively managedInternational SharesHejaz Equities Fund Active ETF
About this ETF
The Fund’s investment approach is to research, screen, and then select quality investments, across Australian equities and international equities. The Investment Manager applies an investment overlay that seeks to invest in accordance with Sharia investment principles.
IssuerHejaz
Management fee (MER)1.89% p.a.
Inception date17 Oct 2022
BenchmarkMSCI World Islamic Hdg AUD
Scout Score
25/100
Ranked #63 of 64 in active International SharesAn independent score calculated by ETF Scout across 6 real-data factors (cost, diversification, liquidity, fund strength, performance, income), ranked against other actively-managed funds in the same category. Tracking isn't scored, since active funds don't target an index.
Cost0
Diversification—
Liquidity20
Fund Strength58
Performance—
Income66
Strengths
No standout strengths relative to category peers.
Weaknesses
- Higher fee — 1.89% p.a., more expensive than 100% of active International Shares funds.
- Lower liquidity — 0.90% bid/ask spread, wider than 80% of active International Shares peers.