GMVW - VanEck Geared Australian Equal Weight Fund (Hedge Fund)tsheet
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31 March 2024
GMVW
VanEck Geared Australian Equal Weight Fund (Hedge Fund)

Fund Description

GMVW gives investors geared exposure to the VanEck Australian Equal Weight ETF (ASX: MVW)..

Performance

Month End
as at 31-Mar-24
1 Mth 3 Mths 6 Mths 1 Yr 3 Yrs p.a. 5 Yrs p.a. Inception
p.a.
Price return 6.23% -- % -- % -- % -- % -- % 9.24%
Income return 0.00% -- % -- % -- % -- % -- % 0.00%
Total return 6.23% -- % -- % -- % -- % -- % 9.24%
Quarter End
as at 31-Mar-24
1 Mth 3 Mths 6 Mths 1 Yr 3 Yrs p.a. 5 Yrs p.a. Inception
p.a.
Price return 6.23% -- % -- % -- % -- % -- % 9.24%
Income return 0.00% -- % -- % -- % -- % -- % 0.00%
Total return 6.23% -- % -- % -- % -- % -- % 9.24%

Fund Details

Inception date 27/02/2024
Shares outstanding 100,000
NAV $38.92
Net assets $3.9M
Management fees p.a.1 0.35%
Dividend frequency Two times each year

All figures in Australian dollars unless otherwise noted.

The Fund charges a nil management fee. This is the indirect cost represented as a percentage of the gross asset value. If the average gearing level is 50%, the indirect cost will be 0.70% of the net asset value. Other fees and costs may apply. Please refer to the PDS.

Trading Information

Exchange ASX
ASX code GMVW
IRESS code GMVW.AXW
ISIN AU0000269961
 
GMVW
VanEck Geared Australian Equal Weight Fund (Hedge Fund)

Fundamentals

No. of Securities 76
Price/Earnings Ratio* 18.28
Price/Book Ratio* 1.87
Dividend Yield 3.55
Weighted Avg. Market Cap (M) $29349.00
* Last 12 Months

Sector Weightings

Financials 19.6%
Materials 18.3%
Industrials 15.8%
Real Estate 10.9%
Consumer Discretionary 6.4%
Consumer Staples 5.3%
Energy 5.3%
Health Care 5.2%
Communication Services 5.1%
Utilities 3.9%
Information Technology 3.9%
Other/Cash 0.1%
For more information visit
vaneck.com.au

Top 10 Fund Holdings (Weightings)

EVOLUTION MINING LTD 1.44%
BLUESCOPE STEEL LTD 1.42%
MINERAL RESOURCES LTD 1.42%
MIRVAC GROUP 1.41%
GOODMAN GROUP 1.40%
QANTAS AIRWAYS LTD 1.40%
ORICA LTD 1.39%
DEXUS 1.39%
SANTOS LTD 1.38%
QBE INSURANCE GROUP LTD 1.38%
SUBTOTAL - TOP 10 14.02%
REMAINING HOLDINGS 85.89%
OTHER/CASH 0.08%
TOTAL 100.00%
For a complete up to date listing of Fund holdings, please visit vaneck.com.au.
These are not recommendations to buy or sell any security.

Market capitalisation

Large (>$5.0B) 76.44%
Mid ($1.0 - $5.0B) 23.47%
Small (<$1.0B) 0.00%
 

Disclaimer: This information is issued by VanEck Investments Limited ABN 22 146 596 116 AFSL 416755 (‘VanEck’) as responsible entity of the VanEck Geared Australian Equal Weight Fund (Hedge Fund) (‘Fund’). This is general information only and not financial advice. It does not take into account any person’s individual objectives, financial situation nor needs. Before making an investment decision in relation to the Fund, you should read the PDS and with the assistance of a financial adviser and consider if it is appropriate for your circumstances. The PDS and TMD are available at www.vaneck.com.au or by calling 1300 68 38 37. The Fund is subject to investment risk, including possible loss of capital invested. Past performance is not a reliable indicator of future performance. No member of the VanEck group of companies gives any guarantee or assurance as to the repayment of capital, the payment of income, the performance, or any particular rate of return from the Fund.