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VanEck MSCI International Value ETF VLUE

Fund description: VLUE gives investors a diversified portfolio of 250 international developed market large- and mid-cap companies, with high value scores as calculated by MSCI at each rebalance. VLUE aims to provide investment returns before fees and other costs which track the performance of the Index.

Index description: The MSCI World ex Australia Enhanced Value Top 250 Select Index measures the performance of 250 international large- and mid-cap companies selected from the MSCI World ex Australia Index with high value scores relative to their peers at rebalance. Exclusions apply for weapons and tobacco.

Management style: Replication

Country of domicile: Australia

 as at 25-May-22

  • Exchange

    ASX

  • ASX code

    VLUE

  • Bloomberg index code

    NA736924

  • Index provider

    MSCI Inc.

  • NAV1

    $22.21

  • Units outstanding1

    7,900,106

  • Net assets1

    $175.5M

  • Number of holdings1

    248

  • Inception date2

    08-Mar-21

  • ASX commencement

    10-Mar-21
1As of the close of the previous trading day.
2The date the ETF was seeded prior to quotation on ASX.

as at 25-May-22

The NAV is generally calculated daily after all markets are closed for that day based on the closing price of the securities on the relevant foreign stock exchange. The NAV is then converted to AUD based on the relevant London WM Reuters 4pm exchange rate. This means, due to Australia’s time zone, that the NAV will generally not be updated until around 1pm next business day.
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Key points

International companies exhibiting value characteristics
Access a portfolio of international companies that are selected for their high value score relative to sector peers as measured by MSCI based on:
(i) price to book value; (ii) price to forward earnings; and (iii) enterprise value to cash flow from operations

Long term focus, capturing value across the market cycle
The index is designed to capture a high level of exposure to value while minimising unintended and unwanted sector bets 

Diversified across countries, sectors and companies
Offering investors a portfolio of 250 companies across a range of geographies, sectors and economies

Trading information

  • ASX code

    VLUE

  • IRESS code

    VLUE.AXW

  • Units outstanding

    7,900,106

  • ISIN

    AU0000137796

Fees and other costs  

  • Management costs p.a.

    0.40%

Key risks

An investment in the ETF carries risks associated with: ASX trading time differences, financial markets generally, individual company management, industry sectors, foreign currency, country or sector concentration, political, regulatory and tax risks, fund operations, liquidity and tracking an index. See the PDS for details.

Prices as at  25-May-22

NAV/
Last trade		 Volume:
30-day avg/
Previous day		 Daily change: NAV/
Last trade		 YTD change:
NAV/
Last trade		 Premium/
Discount		 Premium/
Discount
Distribution charts		 NAV &
Premium /Discount
History		 NAV
Chart
VLUE $22.21
$22.12		 25,010
9,888		 $0.14 / +0.66%
$0.09 / +0.41%		 -2.93%
-3.66%
 $-0.09
-0.41%

Performance history (%) View all ETFs » View all indices »

1 Mth 3 Mths 6 Mths 1 Yr 3 Yrs p.a. 5 Yrs p.a. 10 Yrs p.a. ETF Inception p.a.
Price return -0.72 -7.91 1.49 5.41 -- -- -- 7.29
Income return 0.00 0.00 0.00 0.50 -- -- -- 0.43
Total return -0.72 -7.91 1.49 5.91 -- -- -- 7.72
Index (NA736924) -0.70 -7.87 1.58 6.14 4.41 5.89 -- 7.97
1 Mth 3 Mths 6 Mths 1 Yr 3 Yrs p.a. 5 Yrs p.a. 10 Yrs p.a. ETF Inception p.a.
Price return -2.69 -4.30 -1.15 5.56 -- -- -- 8.61
Income return 0.00 0.00 0.00 0.49 -- -- -- 0.47
Total return -2.69 -4.30 -1.15 6.05 -- -- -- 9.08
Index (NA736924) -2.67 -4.26 -1.05 6.33 5.62 6.61 -- 9.34
The tables above show past performance of the ETF from 8 March 2021. Index performance shown prior to 15 February 2021 ("Launch Date") is simulated based on the current Index methodology. Results are calculated to the last business day of the month and assume immediate reinvestment of distributions. ETF results are net of management fees and costs, but before brokerage fees or bid/ask spreads incurred when investors buy/sell on the ASX. Returns for periods longer than one year are annualised. Past performance is not a reliable indicator of current or future performance which may be lower or higher.
The MSCI World ex Australia Index ("MSCI World ex Aus") is shown for comparison purposes as it is the widely recognised benchmark used to measure the performance of developed market large- and mid-cap companies, weighted by market capitalisation. VLUE's index measures the performance of 250 companies selected from MSCI World ex Aus based on MSCI value scores, weighted by market cap x value score at rebalance. Consequently VLUE's index has fewer companies and different country and industry allocations than MSCI World ex Aus.

Top ten holdings (%) View all daily holdings » as at 30-Apr-22

No. of holdings: 248
Security name
Ticker
 No. of securities held Market value % of Fund net
assets
INTEL CORP
INTC US
 103,896 6,372,793 3.76
AT&T INC
T US
 164,939 4,377,329 2.58
TOYOTA MOTOR CORP
7203 JP
 165,853 4,026,903 2.37
BROADCOM INC
AVGO US
 4,947 3,859,237 2.28
CISCO SYSTEMS INC/DELAWARE
CSCO US
 54,439 3,752,088 2.21
MICRON TECHNOLOGY INC
MU US
 37,369 3,585,719 2.11
INTERNATIONAL BUSINESS MACHINES CORP
IBM US
 18,963 3,527,893 2.08
ABBVIE INC
ABBV US
 14,372 2,970,462 1.75
PFIZER INC
PFE US
 40,231 2,777,928 1.64
SHELL PLC
SHEL LN
 69,749 2,677,681 1.58
Top ten total (%) 22.36
These are not recommendations to buy or to sell any security.

Country weightings (%) as at 30-Apr-22

  • Country

    Weightings (%)

  • United States

    45.0

  • Japan

    24.8

  • United Kingdom

    8.1

  • France

    6.8

  • Germany

    3.8

  • Netherlands

    2.1

  • China

    2.0

  • Canada

    1.8

  • Spain

    1.7

  • Switzerland

    1.1

  • Italy

    0.7

  • Denmark

    0.5

  • Finland

    0.5

  • Luxembourg

    0.4

  • Sweden

    0.3

  • Israel

    0.3

  • Belgium

    0.1

  • Ireland

    0.1

  • Austria

    0.0

  • Other/Cash

    0.1

  • Total

    100.2

Sector weightings (%) as at 30-Apr-22

  • Sector

    Weightings (%)

  • Information Technology

    23.6

  • Health Care

    13.7

  • Financials

    11.8

  • Industrials

    10.6

  • Consumer Discretionary

    10.6

  • Communication Services

    8.7

  • Consumer Staples

    7.5

  • Materials

    4.5

  • Energy

    3.8

  • Real Estate

    2.5

  • Utilities

    2.5

  • Other/Cash

    0.1

  • Total

    99.9