This fund aims to track the investment outcomes of the MSCI Australia 100% Hedged to USD Index. Typically, it dedicates at least 90% of its portfolio to the component securities of this index, or to instruments that share similar economic traits, which may include indirect holdings via an underlying fund. The index itself is largely comprised of equities traded on the Australian Stock Exchange, and a defining feature is the monthly hedging of the inherent currency risk of these securities to the U.