Talaria Global Equity Fund – Currency Hedged Complex ETF

Talaria Global Equity Fund – Currency Hedged Complex ETF is an actively managed exchange-traded fund that focuses on delivering risk-adjusted returns from global equity markets while simultaneously managing currency risk. The fund primarily invests in a concentrated portfolio—typically between 20 and 45 holdings—of medium to large-cap companies situated in developed markets outside Australia. Its strategy combines fundamental bottom-up research with a distinctive options overlay: the fund employs fully backed put and call options alongside direct equity holdings, providing multiple return streams including capital growth, dividends, interest, and options premium income. A defining characteristic of the ETF is its currency hedging, which is designed to reduce the impact of foreign exchange fluctuations for Australian investors by systematically hedging exposures back to Australian dollars. This structure aims to deliver more consistent and lower-volatility returns compared to unhedged global equity exposures. The fund is managed with a value bias and high conviction, seeking out companies perceived to be trading below intrinsic value. Talaria’s approach is intended for investors seeking diversified international equity exposure along with active downside risk management and mitigation of currency volatility—making it relevant for strategic asset allocation in multi-asset portfolios.