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HVLUAU VanEck MSCI International Value (AUD Hedged) ETF Please read important disclosure Close important disclosure false

    • HVLU
    VanEck MSCI International Value (AUD Hedged) ETF

    HVLU
    VanEck MSCI International Value (AUD Hedged) ETF

    • NAV
      $41.45

      as at 06-Aug-26
    • Total Net Assets
      $143.13M
    • Dividend Frequency
      1 each year
    • Management fee (p.a.)
      0.43%
    • Number of securities
      250
    • Inception Date
      07-Nov-23
    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.
    HVLU

    Overview

    Fund Description

    HVLU 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 with returns hedged into Australian dollars. HVLU aims to provide investment returns before fees and other costs which track the performance of the Index.

    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.

    Australian dollar currency hedged
      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, is intending to use the product as a 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 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, is intending to use the product as a 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.
      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.

    Index Key points

    Index name
    MSCI World ex Australia Enhanced Value Top 250 Select 100% Hedged to AUD Index

    Overview
    The Index measures the performance of 250 international developed market large- and mid-cap companies selected from the MSCI World ex Australia Index, with high value scores relative to their industry peers as calculated by MSCI at each rebalance. Exclusions apply for weapons and tobacco (subject to threshold screening).

    Summary of Index calculation methodology
    A five step process is followed to determine the Index:

    1. Eligible universe
    The eligible universe is all the companies in the MSCI World ex Australia Index (“Parent Index”) which is a traditional free-float adjusted market capitalisation (“FMC”) weighted index.

    2. Securities are screened for exclusion based on the following business activities:

    Business activities Exclusion
    Conventional weapons All companies deriving:
    • 5% or more revenue from the production of conventional weapons; or
    • 15% or more aggregate revenue from weapons systems, components, and support systems and services.
    Controversial weapons

    All companies with an involvement in the production of cluster bombs, landmines, depleted uranium weapons, chemical and biological weapons, blinding lasers, non-detectable fragments and incendiary weapons.

    • Cluster Bombs
      • cluster bombs and munitions, or the essential components of these products.
    • Landmines
      • anti‐personnel landmines, anti‐vehicle landmines, or the essential components of these products.
    • Depleted Uranium Weapons  
      • depleted uranium weapons and armor.
    • Chemical and Biological Weapons
      • chemical and biological weapons, or the essential components of these products.
    • Blinding Laser Weapons
      • weapons utilising laser technology to cause permanent blindness.
    • Non-Detectable Fragments
      • weapons that use non-detectable fragments to inflict injury.
    • Incendiary Weapons (White Phosphorus)
      • weapons using white phosphorus.

    For more details, refer to the methodology of the MSCI Global Ex-Controversial Weapons Indexes available in the documents section below.
    Nuclear weapons All companies that:
    • manufacture nuclear warheads and/or whole nuclear missiles; or
    • manufacture components that were developed or are significantly modified for exclusive use in nuclear weapons (warheads and missiles); or
    • manufacture or assemble delivery platforms that were developed or significantly modified for the exclusive delivery of nuclear weapons; or
    • provide auxiliary services related to nuclear weapons; or
    • manufacture components that were not developed or not significantly modified for exclusive use in nuclear weapons (warheads and missiles) but can be used in nuclear weapons; or
    • manufacture or assemble delivery platforms that were not developed or not significantly modified for the exclusive delivery of nuclear weapons but have the capability to deliver nuclear weapons; or
    • manufacture components for nuclear-exclusive delivery platforms.
    Tobacco All companies:
    • classified as a “Producer”; or
    • deriving 5% or more aggregate revenue from the production, distribution, retail and supply of tobacco-related products.

    The effectiveness of an exclusionary screen is limited by the accuracy, completeness and accessibility of information and disclosure the relevant entity makes available or is willing to make available. There may be instances where the above screens may not exclude a company if data about the company is incomplete, inaccurate or unavailable.

    You may have differing views, opinions and understanding of the meaning of the terminology used in this section and PDS, to VanEck or MSCI or their third party providers (including ESG research providers), and therefore your expectations of permitted investments may be different to the actual investments of the Fund.


    3. Value
    MSCI calculates a value score for each remaining company in the universe based on the following fundamental accounting variables:

    a) price-to-book value;
    b) price-to-forward earnings; and
    c) enterprise value-to-cash flow from operations.

    Companies are ranked by value score and a fixed number required to cover 30% of the FMC of the Parent Index are selected, with the aim of attaining a high exposure to the value factor, while maintaining sufficient market capitalisation and number of companies covered. At the date of this PDS, 350 companies are included.
    Constituents are then weighted with a tilt to value as follows:

              Value weight = Value score x FMC weight in the Parent Index

    4. Select top 250
    The top 250 companies by value weight are then selected for the Index.

    5. Weighting
    The weights of the final 250 constituents are then:

    (i) adjusted proportionately based on their value weight in step 3; and
    (ii) normalised so that sectors in the Index represent the same weight as the Parent Index.
    (iii) capped so that each issuer represents no more than 5% of the Index at each Index Review.


    Currency hedging
    MSCI reduces the exposure of the Index to foreign exchange rate fluctuations between the Australian dollar and currencies in which the constituents are denominated by notionally entering into forward foreign exchange contracts on a rolling one-month basis at the end of each month. The Index is not fully hedged and retains some exposure to currency movements.

    Rebalances
    The Index is reviewed and rebalanced on a semi-annual basis, usually as of the close of the last business day of May and November. The value scores are recalculated at the end of April and October and used for May and November rebalances respectively.

    For full details of the methodology, click here.

    Index provider
    MSCI Inc (“MSCI”). MSCI is not a related body corporate of VanEck.
    HVLU is indexed to a MSCI index. HVLU is not sponsored, endorsed or promoted by MSCI, and MSCI bears no liability with respect to HVLU or the MSCI World ex Australia Enhanced Value Top 250 Select 100% Hedged to AUD Index. The PDS contains a more detailed description of the limited relationship MSCI has with VanEck and HVLU.

    Performance

    Holdings & allocations

    All holdings (%) as at 06-Aug-26 Download all holdings

    No. of holdings: 250
    Security name
    Ticker
    		 % of Fund net
    assets
    Micron Technology Inc MU US 4.05
    Salesforce.Com Inc CRM US 2.43
    Verizon Communications Inc VZ US 2.14
    Kioxia Holdings Corp 285A JP 2.10
    Toyota Motor Corp 7203 JP 1.96
    Adobe Inc ADBE US 1.72
    At&T Inc T US 1.68
    Qualcomm Inc QCOM US 1.64
    Accenture Plc ACN US 1.63
    Comcast Corp CMCSA US 1.57
    Hewlett Packard Enterprise Co HPE US 1.55
    Shell Plc SHEL LN 1.26
    Pfizer Inc PFE US 1.19
    Dell Technologies Inc DELL US 1.17
    General Motors Co GM US 1.17
    Hsbc Holdings Plc HSBA LN 0.98
    Cvs Health Corp CVS US 0.95
    Bnp Paribas Sa BNP FP 0.92
    Citigroup Inc C US 0.86
    Mitsubishi Corp 8058 JP 0.86
    Sanofi Sa/France SAN FP 0.86
    Itochu Corp 8001 JP 0.85
    Banco Santander Sa SAN SM 0.81
    Strategy Inc MSTR US 0.81
    Kraft Heinz Co/The KHC US 0.81
    Sumitomo Corp 8053 JP 0.79
    Ck Hutchison Holdings Ltd 1 HK 0.79
    Totalenergies Se TTE FP 0.75
    Mitsui & Co Ltd 8031 JP 0.75
    Cie De Saint-Gobain SGO FP 0.75
    Mercedes-Benz Group Ag MBG GR 0.73
    Fujifilm Holdings Corp 4901 JP 0.73
    Bristol-Myers Squibb Co BMY US 0.69
    Keurig Dr Pepper Inc KDP US 0.67
    Capital One Financial Corp COF US 0.67
    Cognizant Technology Solutions Corp CTSH US 0.66
    Honda Motor Co Ltd 7267 JP 0.66
    Canon Inc 7751 JP 0.65
    Deutsche Post Ag DHL GR 0.65
    Ford Motor Co F US 0.64
    Barclays Plc BARC LN 0.63
    Roper Technologies Inc ROP US 0.63
    Rio Tinto Plc RIO LN 0.61
    Mitsubishi Ufj Financial Group Inc 8306 JP 0.60
    Workday Inc WDAY US 0.59
    Central Japan Railway Co 9022 JP 0.57
    Cigna Group/The CI US 0.57
    Renesas Electronics Corp 6723 JP 0.57
    Banco Bilbao Vizcaya Argentaria Sa BBVA SM 0.56
    Hp Inc HPQ US 0.56
    Medtronic Plc MDT US 0.56
    Aercap Holdings Nv AER US 0.56
    Capgemini Se CAP FP 0.56
    Unicredit Spa UCG IM 0.55
    Gsk Plc GSK LN 0.54
    Deutsche Bank Ag DBK GR 0.52
    Bayer Ag BAYN GR 0.52
    Komatsu Ltd 6301 JP 0.51
    Vodafone Group Plc VOD LN 0.50
    First Solar Inc FSLR US 0.49
    Archer-Daniels-Midland Co ADM US 0.49
    Pg&E Corp PCG US 0.48
    Kyocera Corp 6971 JP 0.47
    Sumitomo Mitsui Financial Group Inc 8316 JP 0.47
    Kddi Corp 9433 JP 0.46
    Nxp Semiconductors Nv NXPI US 0.45
    Daimler Truck Holding Ag DTG GR 0.45
    Fujitsu Ltd 6702 JP 0.45
    Panasonic Corp 6752 JP 0.44
    Natwest Group Plc NWG LN 0.44
    Elevance Health Inc ELV US 0.44
    Marubeni Corp 8002 JP 0.43
    Volkswagen Ag VOW3 GR 0.43
    Bayerische Motoren Werke Ag BMW GR 0.43
    Asahi Group Holdings Ltd 2502 JP 0.43
    Netapp Inc NTAP US 0.43
    Sun Hung Kai Properties Ltd 16 HK 0.42
    Arcelormittal Sa MT NA 0.42
    Pernod Ricard Sa RI FP 0.40
    Koninklijke Ahold Delhaize Nv AD NA 0.40
    Nippon Steel Corp 5401 JP 0.40
    Societe Generale Sa GLE FP 0.39
    Tdk Corp 6762 JP 0.39
    Gen Digital Inc GEN US 0.39
    Bp Plc BP/ LN 0.39
    Nokia Oyj NOKIA FH 0.38
    Prudential Financial Inc PRU US 0.37
    Ing Groep Nv INGA NA 0.37
    Lloyds Banking Group Plc LLOY LN 0.37
    Toyota Tsusho Corp 8015 JP 0.37
    3i Group Plc III LN 0.36
    Enel Spa ENEL IM 0.36
    Nippon Yusen Kk 9101 JP 0.35
    Intesa Sanpaolo Spa ISP IM 0.35
    Omnicom Group Inc OMC US 0.35
    Okta Inc OKTA US 0.35
    East Japan Railway Co 9020 JP 0.35
    Telefonaktiebolaget Lm Ericsson ERICB SS 0.35
    Mizuho Financial Group Inc 8411 JP 0.34
    General Mills Inc GIS US 0.34
    Mitsui Osk Lines Ltd 9104 JP 0.34
    Super Micro Computer Inc SMCI US 0.33
    Nippon Telegraph & Telephone Corp 9432 JP 0.33
    Becton Dickinson & Co BDX US 0.33
    Cgi Inc GIB/A CN 0.32
    Zoom Video Communications Inc ZM US 0.31
    Mitsui Fudosan Co Ltd 8801 JP 0.31
    Carrefour Sa CA FP 0.30
    Henkel Ag & Co Kgaa HEN3 GR 0.30
    Kubota Corp 6326 JP 0.30
    Repsol Sa REP SM 0.29
    Charter Communications Inc CHTR US 0.28
    Tyson Foods Inc TSN US 0.28
    Publicis Groupe Sa PUB FP 0.28
    Metlife Inc MET US 0.28
    Jardine Matheson Holdings Ltd JM SP 0.28
    Ss&C Technologies Holdings Inc SSNC US 0.27
    Teledyne Technologies Inc TDY US 0.27
    Stmicroelectronics Nv STMPA FP 0.27
    Mitsubishi Estate Co Ltd 8802 JP 0.27
    Engie Sa ENGI FP 0.27
    Truist Financial Corp TFC US 0.27
    Kirin Holdings Co Ltd 2503 JP 0.27
    Dr Horton Inc DHI US 0.26
    Ck Asset Holdings Ltd 1113 HK 0.26
    Stellantis Nv STLAM IM 0.25
    Edison International EIX US 0.25
    Twilio Inc TWLO US 0.24
    Takeda Pharmaceutical Co Ltd 4502 JP 0.24
    Orange Sa ORA FP 0.24
    Delta Air Lines Inc DAL US 0.24
    Amcor Plc AMCR US 0.24
    Suzuki Motor Corp 7269 JP 0.24
    Dassault Systemes Se DSY FP 0.24
    Cie Generale Des Etablissements Micheli ML FP 0.24
    Daiwa House Industry Co Ltd 1925 JP 0.24
    Bridgestone Corp 5108 JP 0.24
    American International Group Inc AIG US 0.23
    Denso Corp 6902 JP 0.23
    Nutrien Ltd NTR CN 0.23
    Kansai Electric Power Co Inc/The 9503 JP 0.22
    Manulife Financial Corp MFC CN 0.22
    Nidec Corp 6594 JP 0.22
    Smurfit Westrock Plc SW US 0.22
    Rwe Ag RWE GR 0.22
    Eni Spa ENI IM 0.22
    Centene Corp CNC US 0.21
    Ryanair Holdings Plc RYA ID 0.21
    Alstom Sa ALO FP 0.21
    Biogen Inc BIIB US 0.21
    Wh Group Ltd 288 HK 0.20
    F5 Inc FFIV US 0.20
    Bunge Global Sa BG US 0.20
    Devon Energy Corp DVN US 0.20
    International Consolidated Airlines Gro IAG SM 0.19
    Global Payments Inc GPN US 0.19
    Bouygues Sa EN FP 0.19
    Standard Chartered Plc STAN LN 0.19
    Fresenius Se & Co Kgaa FRE GR 0.19
    Magna International Inc MG CN 0.19
    Pultegroup Inc PHM US 0.19
    Eversource Energy ES US 0.19
    Deutsche Lufthansa Ag LHA GR 0.19
    Chubu Electric Power Co Inc 9502 JP 0.18
    Sse Plc SSE LN 0.18
    Check Point Software Technologies Ltd CHKP US 0.17
    Zimmer Biomet Holdings Inc ZBH US 0.17
    Sompo Holdings Inc 8630 JP 0.17
    International Paper Co IP US 0.17
    Ge Healthcare Technologies Inc GEHC US 0.17
    Nn Group Nv NN NA 0.17
    Credit Agricole Sa ACA FP 0.17
    Eiffage Sa FGR FP 0.16
    Coeur Mining Inc CDE US 0.16
    Agc Inc 5201 JP 0.16
    Sino Land Co Ltd 83 HK 0.16
    Teva Pharmaceutical Industries Ltd TEVA US 0.16
    Fiserv Inc FI US 0.16
    Lennar Corp LEN US 0.16
    Erste Group Bank Ag EBS AV 0.16
    Japan Post Holdings Co Ltd 6178 JP 0.15
    Royalty Pharma Plc RPRX US 0.15
    Dsm-Firmenich Ag DSFIR NA 0.15
    Bt Group Plc BT/A LN 0.15
    Subaru Corp 7270 JP 0.15
    Huntington Bancshares Inc/Oh HBAN US 0.15
    Renault Sa RNO FP 0.14
    Rogers Communications Inc RCI/B CN 0.14
    Nomura Holdings Inc 8604 JP 0.14
    Orix Corp 8591 JP 0.14
    Sekisui House Ltd 1928 JP 0.14
    Abn Amro Bank Nv ABN NA 0.14
    Eneos Holdings Inc 5020 JP 0.13
    Diamondback Energy Inc FANG US 0.13
    Boliden Ab BOL SS 0.13
    M&T Bank Corp MTB US 0.13
    Jfe Holdings Inc 5411 JP 0.13
    Fairfax Financial Holdings Ltd FFH CN 0.13
    Astellas Pharma Inc 4503 JP 0.13
    Asahi Kasei Corp 3407 JP 0.13
    Bank Leumi Le-Israel Bm LUMI IT 0.13
    Telefonica Sa TEF SM 0.13
    Mitsubishi Chemical Holdings Corp 4188 JP 0.12
    Merck Kgaa MRK GR 0.12
    Synchrony Financial SYF US 0.12
    Porsche Automobil Holding Se PAH3 GR 0.12
    Ms&Ad Insurance Group Holdings Inc 8725 JP 0.12
    Equinor Asa EQNR NO 0.12
    Inpex Corp 1605 JP 0.12
    Labcorp Holdings Inc LH US 0.12
    Danske Bank A/S DANSKE DC 0.11
    Everest Group Ltd EG US 0.11
    Otsuka Holdings Co Ltd 4578 JP 0.11
    Citizens Financial Group Inc CFG US 0.11
    Japan Post Bank Co Ltd 7182 JP 0.11
    Banca Monte Dei Paschi Di Siena Spa BMPS IM 0.11
    Fidelity National Information Services FIS US 0.11
    Aptiv Plc APTV US 0.11
    Expand Energy Corp EXE US 0.11
    Sumitomo Mitsui Trust Holdings Inc 8309 JP 0.11
    Fresenius Medical Care Ag FME GR 0.11
    Commerzbank Ag CBK GR 0.11
    Bank Hapoalim Bm POLI IT 0.10
    Sumitomo Metal Mining Co Ltd 5713 JP 0.10
    Koninklijke Philips Nv PHIA NA 0.10
    Incyte Corp INCY US 0.09
    Annaly Capital Management Inc NLY US 0.09
    Osaka Gas Co Ltd 9532 JP 0.09
    Cooper Cos Inc/The COO US 0.09
    Regions Financial Corp RF US 0.09
    Edp Sa EDP PL 0.09
    Principal Financial Group Inc PFG US 0.08
    Banco Bpm Spa BAMI IM 0.08
    Shionogi & Co Ltd 4507 JP 0.08
    Boc Hong Kong Holdings Ltd 2388 HK 0.08
    Aib Group Plc AIBG ID 0.08
    Banco De Sabadell Sa SAB SM 0.08
    Bper Banca Spa BPE IM 0.08
    Pinnacle Financial Partners Inc PNFP US 0.08
    Raiffeisen Bank International Ag RBI AV 0.07
    Bank Of Ireland Group Plc BIRG ID 0.07
    Corebridge Financial Inc CRBG US 0.07
    Aegon Nv AGN NA 0.07
    Svenska Handelsbanken Ab SHBA SS 0.07
    Omv Ag OMV AV 0.07
    Israel Discount Bank Ltd DSCT IT 0.07
    Keycorp KEY US 0.07
    First Citizens Bancshares Inc/Nc FCNCA US 0.06
    Whitecap Resources Inc WCP CN 0.05
    Idemitsu Kosan Co Ltd 5019 JP 0.05
    Other/Cash -- 0.17
    Total 100.00
    These are not recommendations to buy or to sell any security.
    Holdings: Holdings data shows the direct investments of the VanEck MSCI International Value ETF (VLUE), the underlying fund into which HVLU primarily invests to obtain exposure to the securities in the index. The percentage holdings of VLUE and HVLU will vary slightly because of the cash and forward positions present in HVLU.

    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”.

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