Aoris Int Fund (Class D) (Hedged) Active ETF (DAOR) Review & Analysis

MER · #482 of 514AUM · #264 of 5081Y Return · #268 of 4263Y Return · Top 50%

What's new this monthData to 30 September 2026

−4.1% in September (total return), behind the median international shares ETF at +0.0%.
Investors withdrew a net $3.0m (-2.3% of the fund).
The unit price closed the month at $1.88, 7% below its 12-month high (range $1.70 to $2.02).

About DAOR

DAOR is an international shares ETF from Aoris, listed on the ASX since May 2023. With $130m under management it is number 132 of 254 international shares ETFs by size. The management fee is 1.15% a year, about $115 on every $10,000 invested, dearer than the typical international shares ETF at 0.55%.

Over the past year it returned +1.2%, against +10.4% for the median international shares ETF.

DAOR distributions and dividend dates

The latest distribution was $0.0883 per unit (0% franked), ex-distribution on 1 July 2026 and paid on 27 July 2026. To receive it you need to own DAOR before the ex-date.

From ASX announcements, updated nightly. See every ETF in the dividend calendar.

Compare DAOR Check overlap Aoris website ↗

Compare DAOR with

DAORvsBAOR

Aoris Int Fund (Class B) (Unhedged) Active ETF

Fee	1.15%	1.10%
1 year	+1.2%	−6.6%
5 yrs p.a.	–	–
Size	$130m	$122m

Same holdingsNo holdings data

Full comparison →

DAORvsDFGH

Dimensional Global Core Equity Trust (AUD Hedged Class) – Active ETF

Fee	1.15%	0.36%
1 year	+1.2%	+18.2%
5 yrs p.a.	–	–
Size	$130m	$4.2bn

Same holdingsNo holdings data

Full comparison →

DAORvsVGAD

Vanguard MSCI Index International Shares (Hedged) ETF

Fee	1.15%	0.21%
1 year	+1.2%	+17.1%
5 yrs p.a.	–	+10.8%
Size	$130m	$7.9bn

Same holdingsNo holdings data

Full comparison →

DAORvsIHVV

iShares S&P 500 (AUD Hedged) ETF

Fee	1.15%	0.10%
1 year	+1.2%	+15.4%
5 yrs p.a.	–	+10.9%
Size	$130m	$4.3bn

Same holdingsNo holdings data

Full comparison →

DAOR price by TradingView

Stock Code	DAOR
Fund Manager	Aoris
Asset Class	International shares
AUM	$130m
MER (%)	1.15%
Net flows (Sep)	−$3.0m
Last Price	$1.88
52-Week Range	$1.70 – $2.02
Bid/Ask Spread	0.30%
Listing Date	01/05/2023
Exchange	ASX
Index	None: actively managed. See the PDS for its benchmark
Issuer website	Aoris ↗

Performance (% return)

1 month−4.1%

1 year+1.2%

3 years p.a.+11.7%

5 years p.a.–

$10,000 invested…

1 year ago$10,1203 years ago$13,924

Value at 30 September 2026 with distributions reinvested, before tax and brokerage.

Total returns including distributions, to 30 September 2026. 1M, 1Y, 3Y and 5Y bars are cumulative.

DAOR at a glance: strengths and things to watch

👍 Strengths

In an uptrend. Its price has been trending up since 15 October (as at 7 November).

⚠️ Things to watch

Higher fee. At 1.15% a year it costs more than 89% of international shares ETFs (median 0.55%), or about $60 a year more on every $10,000.
Behind its peers. +11.7% a year over 3 years, against +15.4% for the median international shares ETF.

Worked out from DAOR's fees, size, flows, returns and trend against the 257 international shares ETFs in Australia, to 30 September 2026. General information, not a recommendation.

etfadviserTrend check

Uptrend since 15 Oct 2026

DAOR is in an uptrend. Here's why that matters.

DAOR's price is above its 20-day average and its 10, 20, 50 and 200-day averages are stacked upward. The trend is on investors' side. Its price is at or near its 12-month high.

Why it matters: Uptrends are when satellite ETFs tend to do their best work. The key is knowing when the trend breaks, so gains aren't handed back.

At ETF Adviser the core of a portfolio stays invested through every stage, and satellite ETFs are only bought in an uptrend. Members get a weekly update on which ETFs are breaking out of a base and which trends have broken.

Get the weekly trend updates: try it free for 30 days How base and trend works →See every ETF's stage →Visit etfadviser.com.au →

UptrendBaseDowntrend

DAOR weekly price, past 12 months, shaded by trend stage. Stage as at 7 November 2026, updated weekly. A technical label, not a recommendation.

Investment Focus

Themes & Sectors

Currency hedged Active ETFs

Similar ETFs

Code	Name	Same holdings	MER	AUM	1Y	3Y p.a.	5Y p.a.
BAOR	Aoris Int Fund (Class B) (Unhedged) Active ETF Currency hedged	–	1.10%	$122m	−6.6%	+10.0%	–
DFGH	Dimensional Global Core Equity Trust (AUD Hedged Class) – Active ETF Currency hedged	–	0.36%	$4.2bn	+18.2%	–	–
VGAD	Vanguard MSCI Index International Shares (Hedged) ETF Currency hedged	–	0.21%	$7.9bn	+17.1%	+19.8%	+10.8%
IHVV	iShares S&P 500 (AUD Hedged) ETF Currency hedged	–	0.10%	$4.3bn	+15.4%	+21.0%	+10.9%
HGBL	Betashares Global Shares Currency Hedged ETF Currency hedged	–	0.11%	$3.0bn	+17.4%	+20.6%	–
QHAL	VanEck MSCI International Quality (AUD Hedged) ETF Currency hedged	–	0.43%	$2.7bn	+16.5%	+17.8%	+9.7%

Same holdings is the share of DAOR's money in companies the other ETF also holds, weighted by size. No other ETF shares much with DAOR, so these are ETFs in the same category. See every ETF like DAOR →

DAOR vs its closest alternatives

What actually differs between DAOR and the ETFs most like it. Data to 30 Sep 2026.

BAOR Aoris Int Fund (Class B) (Unhedged) Active ETF

BAOR is cheaper (1.10% vs 1.15%), worth about $2,959 on $100,000 over 20 years.
Over 3 years, a year: DAOR +11.7%, BAOR +10.0% (DAOR ahead by 1.7 percentage points).

Compare DAOR and BAOR side by side →

DFGH Dimensional Global Core Equity Trust (AUD Hedged Class) – Active ETF

DFGH is cheaper (0.36% vs 1.15%), worth about $49,987 on $100,000 over 20 years.
Over 1 year: DAOR +1.2%, DFGH +18.2% (DFGH ahead by 17.0 percentage points).
DFGH is much larger ($4.2bn vs $130m), which usually means tighter trading spreads.

Compare DAOR and DFGH side by side →

VGAD Vanguard MSCI Index International Shares (Hedged) ETF

VGAD is cheaper (0.21% vs 1.15%), worth about $60,301 on $100,000 over 20 years.
Over 3 years, a year: DAOR +11.7%, VGAD +19.8% (VGAD ahead by 8.1 percentage points).
VGAD is much larger ($7.9bn vs $130m), which usually means tighter trading spreads.

Compare DAOR and VGAD side by side →

General information only. Past performance is not a reliable indicator of future performance.

DAOR FAQs

What is the fee for DAOR?

DAOR charges a management fee (MER) of 1.15% a year, according to the TMX Australia monthly funds report as at 30 September 2026.

How big is DAOR?

DAOR had $130m in funds under management as at 30 September 2026.

How has DAOR performed?

DAOR returned +1.2% over the year to 30 September 2026 (total return, including distributions). Over three years it returned +11.7% a year. Past performance is not a reliable indicator of future performance.

Who manages DAOR?

DAOR is managed by Aoris and has been listed since May 2023.

Is DAOR franked?

Generally no. DAOR invests outside Australia, so its distributions carry little or no franking credits. Franking comes from Australian companies that have paid tax here.

Is DAOR currency hedged?

Yes. DAOR is currency hedged, so changes in the Australian dollar have little effect on its returns. You get the return of the underlying investments in their local currency, less a small cost of hedging.

Disclaimer

This review is general information only and does not take into account your objectives, financial situation or needs. Consider the Aoris product disclosure statement (PDS) and target market determination (TMD) before investing. Past performance is not a reliable indicator of future performance.