Performance data is updated to 31 May 2026.
FANG+ (Currency Hedged) ETF (FHNG) — Review & Analysis
FHNG is the currency-hedged version of FANG — same 10-stock equal-weighted FANG+ portfolio with the USD/AUD effect neutralised. AUM is $143.53 million as at May 2026 with a 0.38% p.a. management fee — just 3bp above unhedged FANG (0.35%). Compare FHNG across the tech cohort on our tech ETF page or use the Compare ETFs tool to put FHNG vs FANG side-by-side.
FHNG and FANG are functionally identical on equity exposure — same Meta, Apple, Amazon, Netflix, Google, Microsoft, Nvidia, Tesla and other top-10 mega-caps. The differentiator is purely the FX overlay. The 3bp fee gap between hedged and unhedged is the tightest of the Australian tech ETF hedge pairs, making FHNG an efficient way to access pure FANG+ equity returns without USD exposure.
The structural choice between FHNG and FANG depends entirely on the investor's view on AUD/USD. When the AUD strengthens against the USD, FHNG outperforms; when the AUD weakens, FANG outperforms by capturing the FX tailwind. Compared to HNDQ (hedged Nasdaq 100, 0.51%), FHNG is meaningfully cheaper but holds only the 10 most concentrated mega-caps rather than the broader Nasdaq 100.
FHNG pays distributions reflecting underlying dividend income (modest because tech mega-caps generally reinvest rather than distribute). Our hedged vs unhedged ETFs guide covers the hedging framework across all major regions and themes.
Performance (% return)
Investment Focus
Themes
Exposure Regions
Portfolio Breakdown
| Company Name | % assets |
|---|---|
| MICRON TECH | 16.32% |
| APPLE INC | 10.73% |
| BROADCOM INC | 10.65% |
| ALPHABET INC-A | 10.44% |
| AMAZON.COM INC | 10.23% |
| NVIDIA CORP | 9.92% |
| MICROSOFT CORP | 9.28% |
| META PLATFORMS-A | 8.40% |
| PALANTIR TECHN-A | 7.74% |
| NETFLIX INC | 7.57% |
| Sector | % assets |
|---|---|
| Technology | 59.48% |
| Communications | 40.39% |
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| Stock | Name | 1 Year % |
|---|---|---|
| BEST | ETFS US Quality ETF | +15.75% |
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Last updated: January 2026
