ASML Holding NV ADRhedged (ASMH)

ASML Holding NV ADRhedged (ASMH) is an exchange-traded fund from Precidian Investments that provides exposure to ASML Holding N.V. while hedging currency risk. It holds ASML shares listed in the U.S. and uses currency forwards to offset movements between the euro and the U.S. dollar.

This structure is meant to deliver returns closer to ASML's performance in its home currency, reducing the impact of exchange rate swings on U.S. dollar results. The hedge is adjusted periodically.

ASML, based in Veldhoven, the Netherlands, builds lithography systems for semiconductor manufacturing, including the extreme ultraviolet machines used to produce leading-edge chips.