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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
      $37.65

      as at 28-Apr-26
    • Total Net Assets
      $3.16B
    • Dividend Frequency
      2 each year
    • Management fee (p.a.)
      0.35%
    • Number of securities
      77
    • 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.

    Performance

    Holdings & allocations

    All holdings (%) as at 28-Apr-26 Download all holdings

    No. of holdings: 77
    Security name
    ASX code
    No. of securities held
    		 Market value % of Fund net
    assets
    Pilbara Minerals Ltd PLS AU 8,585,158 52,455,315 1.66
    Asx Ltd ASX AU 849,672 49,365,943 1.56
    Ampol Ltd ALD AU 1,429,888 48,987,963 1.55
    Macquarie Group Ltd MQG AU 209,156 48,494,910 1.53
    Worley Ltd WOR AU 4,132,345 48,431,083 1.53
    Bluescope Steel Ltd BSL AU 1,605,621 48,168,630 1.52
    Coles Group Ltd COL AU 2,067,188 47,483,308 1.50
    Suncorp Group Ltd SUN AU 2,802,616 46,999,870 1.49
    Nextdc Ltd NXT AU 3,244,564 46,786,613 1.48
    Apa Group APA AU 4,612,639 46,726,033 1.48
    Rio Tinto Ltd RIO AU 270,877 46,623,349 1.48
    Medibank Pvt Ltd MPL AU 10,161,178 46,131,748 1.46
    Vicinity Centres VCX AU 18,450,559 45,941,892 1.45
    Washington H Soul Pattinson & Co Ltd SOL AU 1,094,931 45,560,079 1.44
    Atlas Arteria Ltd ALX AU 9,205,092 45,012,900 1.42
    Goodman Group GMG AU 1,554,019 44,911,149 1.42
    Dyno Nobel Ltd DNL AU 14,069,321 44,881,134 1.42
    Bhp Group Ltd BHP AU 809,608 44,876,571 1.42
    Woodside Energy Group Ltd WDS AU 1,382,883 44,805,409 1.42
    Qbe Insurance Group Ltd QBE AU 2,020,521 44,572,693 1.41
    Bendigo & Adelaide Bank Ltd BEN AU 4,198,330 44,544,281 1.41
    Technology One Ltd TNE AU 1,550,010 44,423,287 1.41
    Insurance Australia Group Ltd IAG AU 6,114,430 44,268,473 1.40
    Santos Ltd STO AU 5,700,173 44,119,339 1.40
    Woolworths Group Ltd WOW AU 1,174,406 44,040,225 1.39
    Aurizon Holdings Ltd AZJ AU 10,543,176 43,859,612 1.39
    Orica Ltd ORI AU 2,081,508 43,607,593 1.38
    Telstra Group Ltd TLS AU 8,200,248 43,215,307 1.37
    Agl Energy Ltd AGL AU 4,663,778 43,186,584 1.37
    Scentre Group SCG AU 11,883,411 43,136,782 1.36
    Lottery Corp Ltd/The TLC AU 7,819,196 42,849,194 1.36
    Mineral Resources Ltd MIN AU 697,286 42,792,442 1.35
    Aristocrat Leisure Ltd ALL AU 922,123 42,602,083 1.35
    Qube Holdings Ltd QUB AU 8,481,304 42,576,146 1.35
    Commonwealth Bank Of Australia CBA AU 243,628 42,539,885 1.35
    Sigma Healthcare Ltd SIG AU 15,465,909 42,531,250 1.35
    Fortescue Metals Group Ltd FMG AU 2,105,469 42,340,982 1.34
    Gpt Group/The GPT AU 9,007,981 42,337,511 1.34
    Origin Energy Ltd ORG AU 3,617,134 42,175,782 1.33
    Perseus Mining Ltd PRU AU 7,648,594 42,143,753 1.33
    Steadfast Group Ltd SDF AU 10,039,923 42,067,277 1.33
    Computershare Ltd CPU AU 1,435,743 42,052,912 1.33
    Pro Medicus Ltd PME AU 307,531 41,824,216 1.32
    Charter Hall Group CHC AU 2,104,415 41,688,461 1.32
    South32 Ltd S32 AU 9,648,456 41,584,845 1.32
    Rea Group Ltd REA AU 248,200 41,290,552 1.31
    Dexus DXS AU 6,730,764 41,192,276 1.30
    Carsales.Com Ltd CAR AU 1,637,496 40,871,900 1.29
    Jb Hi-Fi Ltd JBH AU 534,458 40,682,943 1.29
    Transurban Group TCL AU 2,933,561 40,659,155 1.29
    Bank Of Queensland Ltd BOQ AU 6,177,279 40,646,496 1.29
    Brambles Ltd BXB AU 1,860,560 40,522,997 1.28
    Wesfarmers Ltd WES AU 554,903 40,125,036 1.27
    Qantas Airways Ltd QAN AU 4,769,533 39,920,991 1.26
    Anz Group Holdings Ltd ANZ AU 1,107,617 39,907,441 1.26
    Westpac Banking Corp WBC AU 1,025,282 39,596,391 1.25
    Sonic Healthcare Ltd SHL AU 1,955,708 39,466,187 1.25
    Ramsay Health Care Ltd RHC AU 996,620 39,226,963 1.24
    Als Ltd ALQ AU 1,841,825 38,991,435 1.23
    Seven Group Holdings Ltd SGH AU 1,002,795 38,778,083 1.23
    Whitehaven Coal Ltd WHC AU 4,829,768 38,638,144 1.22
    Cleanaway Waste Management Ltd CWY AU 17,383,171 38,416,808 1.22
    Lynas Rare Earths Ltd LYC AU 2,043,093 38,226,270 1.21
    Seek Ltd SEK AU 2,712,267 38,134,474 1.21
    Csl Ltd CSL AU 295,044 38,031,172 1.20
    Reece Ltd REH AU 2,785,912 37,999,840 1.20
    Mirvac Group MGR AU 22,199,088 37,849,445 1.20
    Evolution Mining Ltd EVN AU 2,972,953 37,726,774 1.19
    Endeavour Group Ltd/Australia EDV AU 10,758,894 36,580,240 1.16
    Stockland SGP AU 8,874,953 36,121,059 1.14
    Wisetech Global Ltd WTC AU 854,332 36,069,897 1.14
    Ramelius Resources Ltd RMS AU 9,737,795 35,737,708 1.13
    National Australia Bank Ltd NAB AU 888,807 35,703,377 1.13
    Northern Star Resources Ltd NST AU 1,572,609 33,811,094 1.07
    Cochlear Ltd COH AU 229,363 21,330,759 0.67
    Nextdc Ltd NXTXX AU 599,999 8,651,986 0.27
    Other 957IGP903 599,999 -- 0.00
    Other/Cash --   327,304 0.01
    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.  

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