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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
      $37.79

      as at 21-May-26
    • Total Net Assets
      $3.19B
    • Dividend Frequency
      2 each year
    • Management fee (p.a.)
      0.35%
    • Number of securities
      75
    • 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 21-May-26 Download all holdings

    No. of holdings: 75
    Security name
    ASX code
    No. of securities held
    		 Market value % of Fund net
    assets
    Nextdc Ltd NXT AU 3,853,854 56,227,730 1.76
    Pilbara Minerals Ltd PLS AU 8,626,927 53,141,870 1.67
    Dyno Nobel Ltd DNL AU 14,137,782 51,461,526 1.62
    Asx Ltd ASX AU 853,809 51,296,845 1.61
    Worley Ltd WOR AU 4,152,455 50,618,426 1.59
    Ampol Ltd ALD AU 1,436,841 50,548,066 1.59
    Macquarie Group Ltd MQG AU 210,174 50,481,693 1.58
    Insurance Australia Group Ltd IAG AU 6,144,179 50,075,059 1.57
    Suncorp Group Ltd SUN AU 2,816,255 49,622,413 1.56
    Medibank Pvt Ltd MPL AU 10,210,621 49,521,512 1.55
    Rio Tinto Ltd RIO AU 272,192 49,451,843 1.55
    Computershare Ltd CPU AU 1,442,730 48,778,701 1.53
    Mineral Resources Ltd MIN AU 700,681 48,529,166 1.52
    Qbe Insurance Group Ltd QBE AU 2,030,356 48,505,205 1.52
    Bluescope Steel Ltd BSL AU 1,613,433 48,402,990 1.52
    Goodman Group GMG AU 1,561,579 48,174,712 1.51
    Bhp Group Ltd BHP AU 813,550 48,080,805 1.51
    Orica Ltd ORI AU 2,091,637 47,940,320 1.50
    Apa Group APA AU 4,635,084 47,880,418 1.50
    Vicinity Centres VCX AU 18,540,337 47,277,859 1.48
    Aristocrat Leisure Ltd ALL AU 926,612 47,146,019 1.48
    Santos Ltd STO AU 5,727,906 46,567,876 1.46
    Washington H Soul Pattinson & Co Ltd SOL AU 1,100,261 46,387,004 1.46
    Fortescue Metals Group Ltd FMG AU 2,115,710 45,953,221 1.44
    Technology One Ltd TNE AU 1,557,552 45,418,216 1.43
    Telstra Group Ltd TLS AU 8,240,150 44,991,219 1.41
    Aurizon Holdings Ltd AZJ AU 10,594,478 44,920,587 1.41
    Atlas Arteria Ltd ALX AU 9,249,884 44,584,441 1.40
    Coles Group Ltd COL AU 2,077,243 44,556,862 1.40
    Sigma Healthcare Ltd SIG AU 15,541,161 44,447,720 1.40
    Woodside Energy Group Ltd WDS AU 1,389,607 44,231,191 1.39
    Bendigo & Adelaide Bank Ltd BEN AU 4,218,757 44,212,573 1.39
    Scentre Group SCG AU 11,941,234 44,182,566 1.39
    Als Ltd ALQ AU 1,850,786 44,067,215 1.38
    Gpt Group/The GPT AU 9,051,811 43,086,620 1.35
    Qube Holdings Ltd QUB AU 8,522,571 42,698,081 1.34
    Transurban Group TCL AU 2,947,837 42,684,680 1.34
    Agl Energy Ltd AGL AU 4,686,471 42,271,968 1.33
    Carsales.Com Ltd CAR AU 1,645,463 42,025,125 1.32
    Qantas Airways Ltd QAN AU 4,792,739 41,744,757 1.31
    Wesfarmers Ltd WES AU 557,605 41,680,974 1.31
    Dexus DXS AU 6,763,516 41,460,353 1.30
    Seven Group Holdings Ltd SGH AU 1,007,676 41,435,637 1.30
    Steadfast Group Ltd SDF AU 10,088,773 41,263,082 1.30
    Charter Hall Group CHC AU 2,114,658 40,728,313 1.28
    Woolworths Group Ltd WOW AU 1,180,121 40,702,373 1.28
    Lottery Corp Ltd/The TLC AU 7,857,245 40,700,529 1.28
    Perseus Mining Ltd PRU AU 7,685,812 40,350,513 1.27
    Origin Energy Ltd ORG AU 3,634,734 40,345,547 1.27
    Commonwealth Bank Of Australia CBA AU 244,812 40,180,994 1.26
    South32 Ltd S32 AU 9,695,401 40,138,960 1.26
    Whitehaven Coal Ltd WHC AU 4,853,265 39,796,773 1.25
    Pro Medicus Ltd PME AU 309,026 39,697,480 1.25
    Rea Group Ltd REA AU 249,407 39,523,527 1.24
    Bank Of Queensland Ltd BOQ AU 6,207,338 39,478,670 1.24
    Anz Group Holdings Ltd ANZ AU 1,113,004 39,311,301 1.23
    Jb Hi-Fi Ltd JBH AU 537,062 38,641,611 1.21
    Cleanaway Waste Management Ltd CWY AU 17,467,753 38,429,057 1.21
    Lynas Rare Earths Ltd LYC AU 2,053,034 38,124,841 1.20
    Reece Ltd REH AU 2,799,469 38,100,773 1.20
    Mirvac Group MGR AU 22,307,102 38,033,609 1.19
    Ramsay Health Care Ltd RHC AU 1,001,467 37,765,321 1.19
    Westpac Banking Corp WBC AU 1,030,268 37,378,123 1.17
    Seek Ltd SEK AU 2,725,466 36,793,791 1.15
    Sonic Healthcare Ltd SHL AU 1,965,224 36,572,819 1.15
    Stockland SGP AU 8,918,136 35,761,725 1.12
    Evolution Mining Ltd EVN AU 2,987,415 35,251,497 1.11
    National Australia Bank Ltd NAB AU 893,133 33,635,389 1.06
    Endeavour Group Ltd/Australia EDV AU 10,811,242 33,406,738 1.05
    Wisetech Global Ltd WTC AU 858,486 32,304,828 1.01
    Brambles Ltd BXB AU 1,869,613 31,727,333 1.00
    Ramelius Resources Ltd RMS AU 9,785,176 31,019,008 0.97
    Northern Star Resources Ltd NST AU 1,580,263 29,930,181 0.94
    Csl Ltd CSL AU 296,480 29,662,824 0.93
    Cochlear Ltd COH AU 230,480 22,331,207 0.70
    Other/Cash --   2,394,747 0.08
    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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