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MVWAU VanEck Australian Equal Weight ETF Please read important disclosure Close important disclosure false

    • MVW
    VanEck Australian Equal Weight ETF

    MVW
    VanEck Australian Equal Weight ETF

    • NAV
      $38.09

      as at 08-Jul-26
    • Total Net Assets
      $3.24B
    • Dividend Frequency
      2 each year
    • Management fee (p.a.)
      0.35%
    • Number of securities
      75
    • Inception Date
      04-Mar-14
    NEW MVW SQUARE

    Overview

    Fund Description

    Our Australian equal weight ETF, MVW gives investors exposure to a diversified portfolio of Australian equities. The holdings in MVW are equally weighted. 

    MVW aims to provide investment returns, before fees and other costs, which track the performance of the Index.

    Key benefits

    Core Australian equity strategy

    An award winning Australian equity strategy backed by significant research investing in the largest and most liquid Australian listed companies.

    Diversification across companies and sectors

    A portfolio which offers true diversification by equally weighting across companies and reducing sector concentration.

    Outperformance potential

    Equally weighting has been proven to produce long-term outperformance compared to a market capitalisation approach.
      is likely to be appropriate for a consumer who is seeking capital preservation and a regular income distribution, is intending to use the product as a minor or satellite allocation within a portfolio, has an investment timeframe of at least 3 years, and has a medium risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth, is intending to use the product as a minor or satellite allocation within a portfolio, has an investment timeframe of at least 7 years, and has a very high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth, is intending to use the product as a minor or satellite allocation within a portfolio, has an investment timeframe of at least 5 years, and has a very high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth and a regular income distribution, is intending to use the product as a minor or satellite allocation within a portfolio, has an investment timeframe of at least 5 years, and has a high to very high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth and a regular income distribution, is intending to use the product as a minor or satellite allocation within a portfolio, has an investment timeframe of at least 5 years, and has a high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth and a regular income distribution, is intending to use the product as a minor or satellite allocation within a portfolio, has an investment timeframe of at least 5 years, and has a very high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth, is intending to use the product as a core, minor or satellite allocation within a portfolio, has an investment timeframe of at least 5 years, and has a high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth, is intending to use the product as a major, core, minor or satellite allocation within a portfolio, has an investment timeframe of at least 5 years, and has a high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital preservation and a regular income distribution, is intending to use the product as a core, minor or satellite allocation within a portfolio, has an investment timeframe of at least 3 years, and has a medium risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth and a regular income distribution, is intending to use the product as a core, minor or satellite allocation within a portfolio, has an investment timeframe of at least 7 years, and has an extremely high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth and a regular income distribution, is intending to use the product as a core, minor or satellite allocation within a portfolio, has an investment timeframe of at least 5 years, and has a high risk/return profile.
      is likely to be appropriate for a consumer who is seeking a regular income distribution, is intending to use the product as a minor or satellite allocation within a portfolio, has an investment timeframe of at least 5 years, and has a very high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth, is intending to use the product as a minor or satellite allocation within a portfolio, has no investment timeframe, and has a high or very high risk/return profile.
      is likely to be appropriate for a consumer who is seeking regular income distribution, is intending to use the product as a core, minor or satellite allocation within a portfolio, has an investment timeframe of at least 3 years, and has a medium risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth, is intending to use the product as a satellite allocation within a portfolio, has no minimum investment timeframe, and has an extremely high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth and a regular income distribution, is intending to use the product as a minor or satellite allocation within a portfolio, has an investment timeframe of at least 3 years, and has a high risk/return profile.
      is likely to be appropriate for a consumer who is seeking a regular income distribution, is intending to use the product as a minor or satellite allocation within a portfolio, has an investment timeframe of at least 3 years, and has a medium risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital preservation and a regular income distribution, is intending to use the product as a standalone solution, major, core, minor or satellite allocation within a portfolio, has no investment timeframe and has a low risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth and a regular income distribution, is intending to use the product as a standalone solution or major, core, minor or satellite allocation within a portfolio, has an investment timeframe of at least 3 years, and has a medium risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth and a regular income distribution, is intending to use the product as a standalone solution or major, core, minor or satellite allocation within a portfolio, has an investment timeframe of at least 5 years, and has a high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth and a regular income distribution, is intending to use the product as a standalone solution or major, core, minor or satellite allocation within a portfolio, has an investment timeframe of at least 5 years, and has a high to very high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth and a regular income distribution, is intending to use the product as a minor or satellite allocation within a portfolio, has an investment timeframe of at least 5 years, and has a high risk/return profile.

    Performance

    Holdings & allocations

    All holdings (%) as at 08-Jul-26 Download all holdings

    No. of holdings: 75
    Security name
    ASX code
    No. of securities held
    		 Market value % of Fund net
    assets
    Pro Medicus Ltd PME AU 264,203 56,045,382 1.73
    Csl Ltd CSL AU 414,670 51,543,481 1.59
    Cochlear Ltd COH AU 406,843 50,782,143 1.57
    Aristocrat Leisure Ltd ALL AU 808,218 50,182,256 1.55
    Qantas Airways Ltd QAN AU 4,580,481 48,324,075 1.49
    Asx Ltd ASX AU 885,684 48,136,925 1.49
    Ramsay Health Care Ltd RHC AU 1,110,854 47,822,265 1.48
    Northern Star Resources Ltd NST AU 2,302,592 46,765,644 1.44
    National Australia Bank Ltd NAB AU 1,175,061 46,520,665 1.44
    Endeavour Group Ltd/Australia EDV AU 13,639,000 46,508,990 1.44
    Qbe Insurance Group Ltd QBE AU 1,822,803 46,299,196 1.43
    Wesfarmers Ltd WES AU 511,934 46,166,208 1.43
    Sonic Healthcare Ltd SHL AU 2,105,033 45,994,971 1.42
    Computershare Ltd CPU AU 1,178,305 45,965,678 1.42
    Brambles Ltd BXB AU 2,371,672 45,915,570 1.42
    Evolution Mining Ltd EVN AU 3,978,571 45,514,852 1.41
    Macquarie Group Ltd MQG AU 179,772 45,309,735 1.40
    Woolworths Group Ltd WOW AU 1,134,471 45,265,393 1.40
    Charter Hall Group CHC AU 1,988,357 44,916,985 1.39
    Perseus Mining Ltd PRU AU 9,141,343 44,883,994 1.39
    Ramelius Resources Ltd RMS AU 15,138,322 44,809,433 1.38
    Commonwealth Bank Of Australia CBA AU 266,416 44,805,843 1.38
    Insurance Australia Group Ltd IAG AU 5,424,405 44,588,609 1.38
    Seven Group Holdings Ltd SGH AU 1,016,429 44,570,412 1.38
    Medibank Pvt Ltd MPL AU 8,820,261 44,542,318 1.38
    Suncorp Group Ltd SUN AU 2,336,621 44,325,700 1.37
    Anz Group Holdings Ltd ANZ AU 1,235,246 44,308,274 1.37
    Bendigo & Adelaide Bank Ltd BEN AU 4,144,667 44,265,044 1.37
    Jb Hi-Fi Ltd JBH AU 561,564 44,133,315 1.36
    Stockland SGP AU 10,753,166 43,980,449 1.36
    Reece Ltd REH AU 2,761,326 43,767,017 1.35
    Orica Ltd ORI AU 1,852,868 43,746,213 1.35
    Westpac Banking Corp WBC AU 1,205,591 43,702,674 1.35
    Vicinity Centres VCX AU 16,675,806 43,690,612 1.35
    Scentre Group SCG AU 11,293,666 43,593,551 1.35
    Bank Of Queensland Ltd BOQ AU 6,863,354 43,445,031 1.34
    Sigma Healthcare Ltd SIG AU 15,467,414 43,308,759 1.34
    Qube Holdings Ltd QUB AU 8,470,249 43,282,972 1.34
    Lynas Rare Earths Ltd LYC AU 2,530,531 43,221,469 1.33
    Washington H Soul Pattinson & Co Ltd SOL AU 979,805 43,052,632 1.33
    Mirvac Group MGR AU 24,964,950 42,939,714 1.33
    Lottery Corp Ltd/The TLC AU 7,818,691 42,768,240 1.32
    Dexus DXS AU 7,515,857 42,464,592 1.31
    Atlas Arteria Ltd ALX AU 8,403,555 42,269,882 1.31
    Gpt Group/The GPT AU 8,624,256 42,258,854 1.30
    Bluescope Steel Ltd BSL AU 1,301,923 42,221,363 1.30
    Seek Ltd SEK AU 3,164,573 42,183,758 1.30
    Als Ltd ALQ AU 1,877,311 42,183,178 1.30
    Dyno Nobel Ltd DNL AU 11,146,232 42,132,757 1.30
    Coles Group Ltd COL AU 1,798,991 42,114,379 1.30
    Carsales.Com Ltd CAR AU 1,585,226 41,849,966 1.29
    Rea Group Ltd REA AU 285,687 41,781,724 1.29
    Agl Energy Ltd AGL AU 4,969,738 41,696,102 1.29
    Technology One Ltd TNE AU 1,341,609 41,080,068 1.27
    Steadfast Group Ltd SDF AU 7,934,957 40,865,029 1.26
    Bhp Group Ltd BHP AU 709,139 40,782,584 1.26
    Goodman Group GMG AU 1,347,117 40,669,462 1.26
    Telstra Group Ltd TLS AU 8,241,326 40,547,324 1.25
    Aurizon Holdings Ltd AZJ AU 9,746,588 40,545,806 1.25
    Ampol Ltd ALD AU 1,164,485 40,500,788 1.25
    Santos Ltd STO AU 5,396,972 40,477,290 1.25
    Transurban Group TCL AU 2,747,107 40,272,589 1.24
    Origin Energy Ltd ORG AU 3,880,915 40,089,852 1.24
    Apa Group APA AU 4,046,453 40,059,885 1.24
    Fortescue Metals Group Ltd FMG AU 2,171,417 39,954,073 1.23
    Greatland Resources Ltd GGP AU 3,630,107 39,713,371 1.23
    Woodside Energy Group Ltd WDS AU 1,375,323 39,705,575 1.23
    Mineral Resources Ltd MIN AU 665,162 39,158,087 1.21
    Rio Tinto Ltd RIO AU 237,908 38,981,226 1.20
    Wisetech Global Ltd WTC AU 1,121,945 38,875,394 1.20
    Nextdc Ltd NXT AU 2,819,688 38,516,938 1.19
    South32 Ltd S32 AU 9,529,030 37,734,959 1.17
    Worley Ltd WOR AU 3,348,241 35,926,626 1.11
    Whitehaven Coal Ltd WHC AU 4,862,193 35,299,521 1.09
    Pilbara Minerals Ltd PLS AU 7,411,469 34,833,904 1.08
    Other/Cash --   -2,957,345 -0.09
    Total 100.00
    These are not recommendations to buy or to sell any security.

    Dividends

    Election of Dividend Reinvestment Plan (DRP)

    You can elect DRP by logging into MUFG’s Investor Centre. Once you are logged in, please proceed to the “Payments and Tax” tab and select “Reinvestment Plans”.

    Documents & insights

    Frequently asked questions

    An Australian equal weight ETF is an exchange traded fund that gives the same importance or “weight” to each company within the portfolio. Equal weighting each company means an investment in the portfolio is spread equally across each company. For example, if there are ten companies in an equally weighted portfolio, each would have a 10% weighting. If $1000 was invested in this portfolio, $100 would be allocated to each company.

    The VanEck Australian Equal Weight ETF (ASX: MVW) is an Australian equal weight equities ETF. Learn more about equal weighting Australian companies.

    MVW invests in the largest and most liquid ASX-listed companies with each company given the same weight within the portfolio. When investing in this equal weight ETF, your money is spread equally across each stock in the portfolio.  

    MVW is the only broad-based Australian equities ETF that takes an equal weighted approach. MVW is around 2.5 times more diversified than ETFs that track the S&P/ASX 200, as measured by the Herfindahl Index. An equal weighted ETF like MVW also typically provides more exposure to mid-sized companies compared to ETFs that track the S&P/ASX 200 which allocates more to the largest companies. Mid-sized and smaller companies tend to offer increased growth potential compared to larger companies. Compare MVW to the S&P/ASX 200.

    MVW may be used in portfolios as a:

    • Core allocation – up to 50% of a portfolio;
    • Minor allocation – up to 25% of a portfolio; or a
    • Satellite allocation – up to 10% of a portfolio.

    MVW is often used to gain broad-based exposure to listed Australian companies. This Australian equities ETF provides a more balanced exposure to the Australian economy compared to ETFs that track the S&P/ASX 200, which is dominated by banks and miners.

    Read more about MVW’s suitability in portfolios in the Target Market Determination.

    An equal weight ETF, MVW has outperformed the S&P/ASX 200 since the equal weight ETF’s inception. View MVW’s up-to-date performance compared to the S&P/ASX 200 over various time periods.

    MVW and ETFs that track S&P/ASX 200 are examples of Australian equities ETFs.

    MVW is listed on the ASX under the ASX code MVW. You can invest in this Australian equities ETF the same way you buy shares, through your financial adviser or broker, or via an online trading platform. View a list of advisers, brokers and investment apps.

    Past performance is not indicative of future performance.  

    MVWAU /blog/australian-equity/
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