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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
1The date the ETF was seeded prior to quotation on ASX.

as at 22-Jan-21

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.

To go to MVIS website click here.
 

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

Total constituents: 7
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
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

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