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VanEck Vectors Australian Equal Weight ETF MVW

Fund description: VanEck Vectors Australian Equal Weight ETF (MVW) invests in a diversified portfolio of ASX-listed securities with the aim of providing investment returns (before management costs) that closely track the returns of the MVIS Australia Equal Weight Index (MVMVWTRG).

Index description: MVMVWTRG is a pure-play rules-based index that combines benchmark with blue-chip characteristics by tracking the performance of the largest and most liquid ASX-listed companies across all sectors, including offshore companies which generate at least 50% of their revenues or assets from the Australian market.  Companies in the Index are weighted equally.

Management style: Replication

 as at 20-Mar-19

  • Exchange

    ASX
  • ASX code

    MVW
  • Bloomberg index code

    MVMVWTRG
  • Index provider

    MV Index Solutions
  • NAV

    $28.77
  • Units outstanding

    24,399,749
  • Net assets

    $702.1M
  • Number of holdings

    88
  • Inception date1

    04-Mar-14
  • ASX commencement

    06-Mar-14

1The date the Fund was seeded prior to quotation on ASX.

Key points

Underlying index:
MVIS Australia Equal Weight Index (MVMVWTRG)

The Index comprises:
MVMVWTRG covers at least 90% of the free-float market capitalisation of the investable universe. Individual Index components are determined using a stringent rules-based methodology focusing on liquidity, with a minimum 25 holdings.  All companies are ranked by free-float market capitalisation and are equally weighted.

The investable universe includes local companies that are incorporated in Australia with an ASX listing as well as offshore companies that are incorporated outside of Australia but have an ASX listing and generate at least 50% of their revenues (or, where applicable, have at least 50% of their assets) in Australia.

Companies eligible for inclusion in Index:  

  • Market cap exceeding US$150 million
  • Three-month average-daily-trading volume of at least US$1 million 
  • At least 250,000 securities traded per month

 

Index provider:
MV Index Solutions (MVIS), a related body corporate of VanEck Investments Limited, the responsible entity and issuer of MVW. For more information about MVIS, click here.

 

MVMVWTRG is the exclusive property of MVIS. MVIS makes no representation regarding the advisability of investing in MVW. MVIS has contracted with Solactive AG (‘Solactive’) to maintain and calculate the Index. Solactive uses its best efforts to ensure that the Index is calculated correctly. Irrespective of its obligations towards MVIS, Solactive has no obligation to point out errors in the Index to third parties. The PDS contains a more detailed description of the limited relationship MVIS and Solactive have with MVW and VanEck.

To go to MVIS website click here.
 

Index profile  

  • Bloomberg index code

    MVMVWTRG
  • Base date

    29-Nov-13

Top ten index constituents (%) Download all daily index constituents as at 28-Feb-19

Total constituents: 86
Constituent name
ASX code
Weightings (%)
FORTESCUE METALS GROUP LTD
FMG AU
1.61
IOOF HOLDINGS LTD
IFL AU
1.59
MAGELLAN FINANCIAL GROUP LTD
MFG AU
1.46
A2 MILK CO LTD
A2M AU
1.43
RIO TINTO LTD
RIO AU
1.37
PERPETUAL LTD
PPT AU
1.33
SOUTH32 LTD
S32 AU
1.32
ILUKA RESOURCES LTD
ILU AU
1.31
NIB HOLDINGS LTD
NHF AU
1.30
SANTOS LTD
STO AU
1.30
Top ten total (%) 14.02
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Index country weightings (%) as of 28-Feb-19

  • Country

    Weightings (%)
  • AUSTRALIA

    98.6
  • NEW ZEALAND

    1.4
  • OTHERS

    0.0
  • Total

    100.0

Index sector weightings (%) as at 28-Feb-19

  • Sector

    Weightings (%)
  • Financials

    21.3
  • Materials

    19.5
  • Industrials

    12.8
  • Real Estate

    8.8
  • Energy

    8.2
  • Health Care

    6.9
  • Consumer Discretionary

    6.8
  • Consumer Staples

    5.6
  • Communication Services

    4.3
  • Utilities

    3.5
  • Information Technology

    2.2
  • OTHERS

    0.0
  • Total

    99.9