VanEck Vectors Australian Banks ETF MVB
Fund description: MVB gives investors exposure to a diversified portfolio of ASX-listed securities with the aim to provide investment returns before fees and other costs which track the performance of the Index.
Index description: The MVIS Australia Banks Index is a pure-play rules-based Australian sector index that combines benchmark with blue-chip characteristics by tracking the performance of the largest and most liquid ASX-listed companies that generate at least 50% of their revenues or assets from the Australian banking sector.
Management style: Replication
Country of domicile: Australia
as at 22-Jan-21
-
Exchange
ASX -
ASX code
MVB -
Bloomberg index code
MVMVBTRG -
Index provider
MV Index Solutions -
NAV
$25.80 -
Units outstanding
4,805,539 -
Net assets
$124.0M -
Number of holdings
7 -
Inception date1
14-Oct-13 -
ASX commencement
16-Oct-13
as at 22-Jan-21
-
Dividend frequency
2 each year -
Management costs p.a.
0.28% - Investment management team »
- Market Announcements
- MVB Fact Sheet
- MVB Fund Flyer
Key points
Underlying index:
MVIS Australia
Banks Index (MVMVBTRG)
The Index comprises:
MVMVBTRG 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 6 holdings and maximum weighting of 20%.
The investable universe includes banks and financial institutions with a broad range of financial services including investment banking, corporate lending and brokerage services. Companies with a primary focus on asset management, custody, commercial lending or insurance are excluded.
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 MVB.
For more information about MVIS, click here.
MVMVBTRG is the exclusive property of MVIS. MVIS makes no representation regarding the advisability of investing in MVB. 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 MVB and VanEck.
Index profile
-
Bloomberg index code
MVMVBTRG -
Launch date
21-Dec-12 -
Base Date
29-Dec-06 -
Rebalance Frequency
Quarterly
Top ten index constituents (%) as at 31-Dec-20
Constituent name |
ASX code
|
Weightings (%) | |
---|---|---|---|
COMMONWEALTH BANK OF AUSTRAL |
CBA AU
|
20.24 | |
AUST AND NZ BANKING GROUP |
ANZ AU
|
19.94 | |
NATIONAL AUSTRALIA BANK LTD |
NAB AU
|
19.79 | |
WESTPAC BANKING CORP |
WBC AU
|
19.73 | |
MACQUARIE GROUP LTD |
MQG AU
|
17.12 | |
BENDIGO AND ADELAIDE BANK |
BEN AU
|
1.74 | |
BANK OF QUEENSLAND LTD |
BOQ AU
|
1.43 | |
Top ten total (%) | 99.99 |
Index country weightings (%) as of 31-Dec-20
-
Country
Weightings (%) -
Australia
100.0 -
Total
100.0
Index industry weightings (%) as at 31-Dec-20
-
Industry
Weightings (%) -
Commercial Banks
82.9 -
Capital Markets
17.1 -
Total
100.0