Talaria Global Equity Fund Currency Hedged Complex ETF (TLRH) Review & Analysis

MER · #493 of 514AUM · Top 50%1Y Return · Top 25%3Y Return · #193 of 300

What's new this monthData to 30 September 2026

−1.4% in September (total return), behind the median international shares ETF at +0.0%.
Investors added a net $15m (3.2% of the fund).
The unit price closed the month at $5.68, 8% below its 12-month high (range $5.38 to $6.15).

About TLRH

TLRH is an international shares ETF from Talaria, listed on the TMX Australia exchange since November 2021. With $495m under management it is number 60 of 254 international shares ETFs by size. The management fee is 1.20% a year, about $120 on every $10,000 invested, dearer than the typical international shares ETF at 0.55%.

Over the past year it returned +17.6%, against +10.4% for the median international shares ETF.

Compare TLRH Check overlap Talaria website ↗

Compare TLRH with

TLRHvsTLRA

Talaria Global Equity Fund Complex ETF

Fee	1.20%	1.16%
1 year	+17.6%	+9.2%
5 yrs p.a.	–	–
Size	$495m	$2.8bn

Same holdingsNo holdings data

Full comparison →

TLRHvsVGAD

Vanguard MSCI Index International Shares (Hedged) ETF

Fee	1.20%	0.21%
1 year	+17.6%	+17.1%
5 yrs p.a.	–	+10.8%
Size	$495m	$7.9bn

Same holdingsNo holdings data

Full comparison →

TLRHvsIHVV

iShares S&P 500 (AUD Hedged) ETF

Fee	1.20%	0.10%
1 year	+17.6%	+15.4%
5 yrs p.a.	–	+10.9%
Size	$495m	$4.3bn

Same holdingsNo holdings data

Full comparison →

TLRHvsDFGH

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

Fee	1.20%	0.36%
1 year	+17.6%	+18.2%
5 yrs p.a.	–	–
Size	$495m	$4.2bn

Same holdingsNo holdings data

Full comparison →

Stock Code	TLRH
Fund Manager	Talaria
Asset Class	International shares
AUM	$495m
MER (%)	1.20%
Net flows (Sep)	+$15m
Last Price	$5.68
52-Week Range	$5.38 – $6.15
Bid/Ask Spread	0.20%
Listing Date	11/11/2021
Exchange	TMX Australia
Index	None: actively managed. See the PDS for its benchmark
Issuer website	Talaria ↗

Performance (% return)

1 month−1.4%

1 year+17.6%

3 years p.a.+8.4%

5 years p.a.–

$10,000 invested…

1 year ago$11,7613 years ago$12,721

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.

TLRH at a glance: strengths and things to watch

👍 Strengths

Money is flowing in. Investors added a net $15m in September (3% of the fund).

⚠️ Things to watch

Higher fee. At 1.20% a year it costs more than 91% of international shares ETFs (median 0.55%), or about $65 a year more on every $10,000.
Behind its peers. +8.4% a year over 3 years, against +15.4% for the median international shares ETF.

Worked out from TLRH'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

Base since 20 Oct 2026

TLRH is in a base. Here's why that matters.

TLRH's moving averages are tangled and the price is moving sideways. The trend hasn't picked a direction yet.

Why it matters: Bases are where the next big move starts. A breakout can begin a new uptrend, while a breakdown can start a long fall. Buying a satellite before the breakout often means waiting months for nothing to happen.

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

TLRH 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

Exposure Regions

Global

Themes & Sectors

Currency hedged Active ETFs

Similar ETFs

Code	Name	Same holdings	MER	AUM	1Y	3Y p.a.	5Y p.a.
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%
DFGH	Dimensional Global Core Equity Trust (AUD Hedged Class) – Active ETF Currency hedged	–	0.36%	$4.2bn	+18.2%	–	–
HGBL	Betashares Global Shares Currency Hedged ETF Currency hedged	–	0.11%	$3.0bn	+17.4%	+20.6%	–
TLRA	Talaria Global Equity Fund Complex ETF	–	1.16%	$2.8bn	+9.2%	+6.6%	–
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 TLRH's money in companies the other ETF also holds, weighted by size. No other ETF shares much with TLRH, so these are ETFs in the same category. See every ETF like TLRH →

TLRH vs its closest alternatives

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

VGAD Vanguard MSCI Index International Shares (Hedged) ETF

VGAD is cheaper (0.21% vs 1.20%), worth about $63,233 on $100,000 over 20 years.
Over 3 years, a year: TLRH +8.4%, VGAD +19.8% (VGAD ahead by 11.5 percentage points).
VGAD is much larger ($7.9bn vs $495m), which usually means tighter trading spreads.

Full TLRH vs VGAD comparison →

IHVV iShares S&P 500 (AUD Hedged) ETF

IHVV is cheaper (0.10% vs 1.20%), worth about $70,974 on $100,000 over 20 years.
Over 3 years, a year: TLRH +8.4%, IHVV +21.0% (IHVV ahead by 12.6 percentage points).
IHVV is about 9 times larger ($4.3bn vs $495m), which usually means tighter trading spreads.

Full TLRH vs IHVV comparison →

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

DFGH is cheaper (0.36% vs 1.20%), worth about $52,920 on $100,000 over 20 years.
Over 1 year: TLRH +17.6%, DFGH +18.2% (DFGH ahead by 0.6 percentage points).
DFGH is about 9 times larger ($4.2bn vs $495m), which usually means tighter trading spreads.

Full TLRH vs DFGH comparison →

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

Popular comparisons

TLRA vs TLRH VGAD vs TLRH IHVV vs TLRH DFGH vs TLRH

TLRH FAQs

What is the fee for TLRH?

TLRH charges a management fee (MER) of 1.20% a year, according to the TMX Australia monthly funds report as at 30 September 2026.

How big is TLRH?

TLRH had $495m in funds under management as at 30 September 2026.

How has TLRH performed?

TLRH returned +17.6% over the year to 30 September 2026 (total return, including distributions). Over three years it returned +8.4% a year. Past performance is not a reliable indicator of future performance.

Who manages TLRH?

TLRH is managed by Talaria and has been listed since November 2021.

Is TLRH franked?

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

Is TLRH currency hedged?

Yes. TLRH 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 Talaria product disclosure statement (PDS) and target market determination (TMD) before investing. Past performance is not a reliable indicator of future performance.