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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
      $38.30

      as at 07-May-26
    • Total Net Assets
      $3.22B
    • Dividend Frequency
      2 each year
    • Management fee (p.a.)
      0.35%
    • Number of securities
      76
    • 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 07-May-26 Download all holdings

    No. of holdings: 76
    Security name
    ASX code
    No. of securities held
    		 Market value % of Fund net
    assets
    Nextdc Ltd NXT AU 3,844,563 57,168,652 1.78
    Pilbara Minerals Ltd PLS AU 8,585,158 54,687,456 1.70
    Asx Ltd ASX AU 849,672 51,099,274 1.59
    Worley Ltd WOR AU 4,132,345 50,786,520 1.58
    Macquarie Group Ltd MQG AU 209,156 50,588,562 1.57
    Mineral Resources Ltd MIN AU 697,286 49,744,383 1.55
    Bluescope Steel Ltd BSL AU 1,605,621 49,710,026 1.55
    Ampol Ltd ALD AU 1,429,888 48,930,767 1.52
    Rio Tinto Ltd RIO AU 270,877 48,822,870 1.52
    Apa Group APA AU 4,612,639 48,571,089 1.51
    Goodman Group GMG AU 1,554,019 47,941,486 1.49
    Suncorp Group Ltd SUN AU 2,802,616 47,756,577 1.48
    Bhp Group Ltd BHP AU 809,608 47,378,260 1.47
    Vicinity Centres VCX AU 18,450,559 47,048,925 1.46
    Washington H Soul Pattinson & Co Ltd SOL AU 1,094,931 47,027,286 1.46
    Dyno Nobel Ltd DNL AU 14,069,321 46,850,839 1.46
    Orica Ltd ORI AU 2,081,508 46,833,930 1.46
    Medibank Pvt Ltd MPL AU 10,161,178 46,741,419 1.45
    Insurance Australia Group Ltd IAG AU 6,114,430 45,919,369 1.43
    Qbe Insurance Group Ltd QBE AU 2,020,521 45,764,801 1.42
    Bendigo & Adelaide Bank Ltd BEN AU 4,198,330 45,551,881 1.42
    Scentre Group SCG AU 11,883,411 45,156,962 1.40
    Fortescue Metals Group Ltd FMG AU 2,105,469 45,099,146 1.40
    Coles Group Ltd COL AU 2,067,188 45,085,370 1.40
    Sigma Healthcare Ltd SIG AU 15,465,909 44,696,477 1.39
    Computershare Ltd CPU AU 1,435,743 44,479,318 1.38
    Atlas Arteria Ltd ALX AU 9,205,092 44,184,442 1.37
    Telstra Group Ltd TLS AU 8,200,248 43,707,322 1.36
    Aristocrat Leisure Ltd ALL AU 922,123 43,699,409 1.36
    Commonwealth Bank Of Australia CBA AU 243,628 43,665,446 1.36
    Gpt Group/The GPT AU 9,007,981 43,508,548 1.35
    Santos Ltd STO AU 5,700,173 43,492,320 1.35
    Rea Group Ltd REA AU 248,200 43,305,936 1.35
    Aurizon Holdings Ltd AZJ AU 10,543,176 43,016,158 1.34
    Qantas Airways Ltd QAN AU 4,769,533 42,925,797 1.33
    Qube Holdings Ltd QUB AU 8,481,304 42,745,772 1.33
    Agl Energy Ltd AGL AU 4,663,778 42,720,206 1.33
    Perseus Mining Ltd PRU AU 7,648,594 42,602,669 1.32
    Technology One Ltd TNE AU 1,550,010 42,532,274 1.32
    Transurban Group TCL AU 2,933,561 42,389,956 1.32
    Woodside Energy Group Ltd WDS AU 1,382,883 42,164,103 1.31
    Charter Hall Group CHC AU 2,104,415 42,151,432 1.31
    Origin Energy Ltd ORG AU 3,617,134 42,139,611 1.31
    Brambles Ltd BXB AU 1,860,560 42,048,656 1.31
    Als Ltd ALQ AU 1,841,825 41,975,192 1.30
    Dexus DXS AU 6,730,764 41,932,660 1.30
    Lottery Corp Ltd/The TLC AU 7,819,196 41,832,699 1.30
    Carsales.Com Ltd CAR AU 1,637,496 41,739,773 1.30
    Seven Group Holdings Ltd SGH AU 1,002,795 41,706,244 1.30
    Anz Group Holdings Ltd ANZ AU 1,107,617 41,369,495 1.29
    Steadfast Group Ltd SDF AU 10,039,923 41,163,684 1.28
    Wesfarmers Ltd WES AU 554,903 40,890,802 1.27
    Lynas Rare Earths Ltd LYC AU 2,043,093 40,718,843 1.27
    South32 Ltd S32 AU 9,648,456 40,427,031 1.26
    Westpac Banking Corp WBC AU 1,025,282 40,334,594 1.25
    Woolworths Group Ltd WOW AU 1,174,406 40,117,709 1.25
    Pro Medicus Ltd PME AU 307,531 39,954,428 1.24
    Jb Hi-Fi Ltd JBH AU 534,458 39,801,087 1.24
    Bank Of Queensland Ltd BOQ AU 6,177,279 39,472,813 1.23
    Whitehaven Coal Ltd WHC AU 4,829,768 39,169,418 1.22
    Cleanaway Waste Management Ltd CWY AU 17,383,171 39,112,135 1.22
    Evolution Mining Ltd EVN AU 2,972,953 38,945,684 1.21
    Reece Ltd REH AU 2,785,912 38,863,472 1.21
    Mirvac Group MGR AU 22,199,088 38,626,413 1.20
    Wisetech Global Ltd WTC AU 854,332 37,863,994 1.18
    Seek Ltd SEK AU 2,712,267 37,809,002 1.18
    Ramsay Health Care Ltd RHC AU 996,620 37,482,878 1.17
    Sonic Healthcare Ltd SHL AU 1,955,708 36,630,411 1.14
    Stockland SGP AU 8,874,953 36,298,558 1.13
    Csl Ltd CSL AU 295,044 35,995,368 1.12
    National Australia Bank Ltd NAB AU 888,807 35,116,765 1.09
    Endeavour Group Ltd/Australia EDV AU 10,758,894 34,966,406 1.09
    Ramelius Resources Ltd RMS AU 9,737,795 34,569,172 1.07
    Northern Star Resources Ltd NST AU 1,572,609 34,125,615 1.06
    Cochlear Ltd COH AU 229,363 22,528,034 0.70
    Nextdc Ltd NXTAAB 599,999 -- 0.00
    Other/Cash --   2,992,831 0.09
    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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