VanEck Vectors Australian Equal Weight ETF MVW
Fund description: MVW gives investors exposure to a diversified portfolio of ASX-listed securities. MVW aims to provide investment returns before fees and other costs which track the performance of the Index.
Index description: The MVIS Australia Equal Weight Index is a pure-play rules-based index that combines benchmark with blue-chip characteristics by tracking the performance of the largest and most liquid ASX-listed companies across all sectors, including offshore companies which generate at least 50% of their revenues or assets from the Australian market. Companies in the Index are weighted equally.
Management style: Replication
Country of domicile: Australia
as at 27-Jan-21
-
Exchange
ASX -
ASX code
MVW -
Bloomberg index code
MVMVWTRG -
Index provider
MV Index Solutions -
NAV1
$30.92 -
Units outstanding1
46,067,579 -
Net assets1
$1.4B -
Number of holdings1
102 -
Inception date2
04-Mar-14 -
ASX commencement
06-Mar-14
1As of the close of the previous trading day.
2The date the ETF was seeded prior to quotation on ASX.
as at 27-Jan-21
-
Dividend frequency
2 each year -
Management costs p.a.
0.35% - Investment management team »
- Market Announcements
- MVW Fact Sheet
- MVW Fund Flyer
- White Paper: Why Equal Weighting Outperforms: The Mathematical Explanation
- New Research: The road to recovery
Key points
Underlying index:
MVIS Australia
Equal Weight Index (MVMVWTRG)
The Index comprises:
MVMVWTRG covers at least 90% of the free-float market capitalisation of the
investable universe. Individual Index components are determined using a
stringent rules-based methodology focusing on liquidity, with a minimum 25
holdings. All companies are ranked by free-float market capitalisation and are
equally weighted.
The investable universe includes local companies that are incorporated in Australia with an ASX listing as well as offshore companies that are incorporated outside of Australia but have an ASX listing and generate at least 50% of their revenues (or, where applicable, have at least 50% of their assets) in Australia.
Companies eligible for inclusion in Index:
- Market cap exceeding US$150 million
- Three-month average-daily-trading volume of at least US$1 million
- At least 250,000 securities traded per month
Index provider:
MV Index Solutions (MVIS), a related body corporate of VanEck Investments Limited, the responsible entity and issuer of MVW.
For more information about MVIS, click here.
MVMVWTRG is the exclusive property of MVIS. MVIS makes no representation regarding the advisability of investing in MVW. MVIS has contracted with Solactive AG (‘Solactive’) to maintain and calculate the Index. Solactive uses its best efforts to ensure that the Index is calculated correctly. Irrespective of its obligations towards MVIS, Solactive has no obligation to point out errors in the Index to third parties. The PDS contains a more detailed description of the limited relationship MVIS and Solactive have with MVW and VanEck.
Index profile
-
Bloomberg index code
MVMVWTRG -
Launch date
29-Nov-13 -
Base date
31-Dec-02
Top ten index constituents (%) as at 31-Dec-20
| Constituent name |
ASX code
|
Weightings (%) | |
|---|---|---|---|
| AFTERPAY TOUCH GROUP LTD |
APT AU
|
1.18 | |
| NIB HOLDINGS LTD |
NHF AU
|
1.15 | |
| JB HI-FI LTD |
JBH AU
|
1.10 | |
| FORTESCUE METALS GROUP LTD |
FMG AU
|
1.09 | |
| CHALLENGER LTD |
CGF AU
|
1.08 | |
| ILUKA RESOURCES LTD |
ILU AU
|
1.06 | |
| MEDIBANK PRIVATE LTD |
MPL AU
|
1.06 | |
| CHARTER HALL GROUP |
CHC AU
|
1.06 | |
| GOODMAN GROUP |
GMG AU
|
1.06 | |
| SEEK LTD |
SEK AU
|
1.05 | |
| Top ten total (%) | 10.89 | ||
Index country weightings (%) as of 31-Dec-20
-
Country
Weightings (%) -
Australia
99.1 -
New Zealand
0.9 -
Total
100.0
Index sector weightings (%) as at 31-Dec-20
-
Sector
Weightings (%) -
Materials
18.7 -
Financials
17.8 -
Industrials
12.5 -
Consumer Discretionary
9.1 -
Real Estate
8.9 -
Energy
7.7 -
Information Technology
6.9 -
Communication Services
4.9 -
Consumer Staples
4.9 -
Health Care
4.8 -
Utilities
3.8 -
Total
100.0