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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
      $37.99

      as at 23-Feb-26
    • Total Net Assets
      $3.19B
    • 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, 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 or major, core, minor or satellite allocation within a portfolio, has no minimum investment timeframe, and has a low risk/return profile.

    Performance

    Holdings & allocations

    All holdings (%) as at 20-Feb-26 Download all holdings

    No. of holdings: 76
    Security name
    ASX code
    No. of securities held
    		 Market value % of Fund net
    assets
    South32 Ltd S32 AU 12,180,583 53,472,759 1.67
    Evolution Mining Ltd EVN AU 3,448,658 51,902,303 1.62
    Lynas Rare Earths Ltd LYC AU 3,281,224 51,449,592 1.60
    Bhp Group Ltd BHP AU 940,753 50,170,357 1.56
    Bluescope Steel Ltd BSL AU 1,765,005 49,861,391 1.55
    Rio Tinto Ltd RIO AU 304,738 49,763,715 1.55
    National Australia Bank Ltd NAB AU 1,022,976 49,430,200 1.54
    Commonwealth Bank Of Australia CBA AU 272,405 48,943,006 1.53
    Anz Group Holdings Ltd ANZ AU 1,188,688 48,379,602 1.51
    Als Ltd ALQ AU 1,967,196 48,334,006 1.51
    Reece Ltd REH AU 3,460,047 48,233,055 1.50
    Agl Energy Ltd AGL AU 4,524,970 47,964,682 1.49
    Macquarie Group Ltd MQG AU 216,397 47,475,338 1.48
    Aurizon Holdings Ltd AZJ AU 11,836,494 47,464,341 1.48
    Westpac Banking Corp WBC AU 1,109,673 47,205,489 1.47
    Qbe Insurance Group Ltd QBE AU 2,185,766 46,950,254 1.46
    Woodside Energy Group Ltd WDS AU 1,697,090 46,551,179 1.45
    Bank Of Queensland Ltd BOQ AU 6,577,895 46,439,939 1.45
    Perseus Mining Ltd PRU AU 7,890,998 46,320,158 1.44
    Santos Ltd STO AU 6,661,555 46,231,192 1.44
    Qantas Airways Ltd QAN AU 4,342,097 46,069,649 1.44
    Ramsay Health Care Ltd RHC AU 1,178,657 45,519,733 1.42
    Qube Holdings Ltd QUB AU 8,934,156 45,206,829 1.41
    Bendigo & Adelaide Bank Ltd BEN AU 4,060,192 44,865,122 1.40
    Lottery Corp Ltd/The TLC AU 8,011,701 44,705,292 1.39
    Endeavour Group Ltd/Australia EDV AU 11,543,030 44,671,526 1.39
    Washington H Soul Pattinson & Co Ltd SOL AU 1,177,002 44,655,456 1.39
    Seven Group Holdings Ltd SGH AU 933,631 44,534,199 1.39
    Origin Energy Ltd ORG AU 3,646,752 44,490,374 1.39
    Brambles Ltd BXB AU 1,833,751 44,413,449 1.38
    Woolworths Group Ltd WOW AU 1,419,414 44,328,299 1.38
    Whitehaven Coal Ltd WHC AU 5,662,324 44,222,750 1.38
    Orica Ltd ORI AU 1,783,029 44,129,968 1.38
    Northern Star Resources Ltd NST AU 1,553,625 44,014,196 1.37
    Worley Ltd WOR AU 3,273,529 43,832,553 1.37
    Telstra Group Ltd TLS AU 8,551,265 43,696,964 1.36
    Vicinity Centres VCX AU 17,033,011 43,434,178 1.35
    Wesfarmers Ltd WES AU 516,664 43,394,609 1.35
    Sigma Healthcare Ltd SIG AU 14,753,946 43,376,601 1.35
    Goodman Group GMG AU 1,430,564 43,374,700 1.35
    Dyno Nobel Ltd DNL AU 13,012,798 43,332,617 1.35
    Nextdc Ltd NXT AU 3,078,705 42,855,574 1.34
    Sonic Healthcare Ltd SHL AU 1,821,791 42,575,256 1.33
    Apa Group APA AU 4,604,525 42,085,359 1.31
    Pilbara Minerals Ltd PLS AU 9,976,475 41,701,666 1.30
    Mirvac Group MGR AU 20,846,370 41,692,740 1.30
    Atlas Arteria Ltd ALX AU 8,711,269 41,639,866 1.30
    Mineral Resources Ltd MIN AU 811,566 41,592,758 1.30
    Coles Group Ltd COL AU 1,915,049 41,211,854 1.28
    Transurban Group TCL AU 2,856,254 40,673,057 1.27
    Medibank Pvt Ltd MPL AU 8,991,673 40,192,778 1.25
    Dexus DXS AU 5,968,835 39,931,506 1.24
    Scentre Group SCG AU 10,475,298 39,910,885 1.24
    Jb Hi-Fi Ltd JBH AU 461,617 39,140,505 1.22
    Gpt Group/The GPT AU 7,802,828 39,092,168 1.22
    Asx Ltd ASX AU 730,620 38,920,127 1.21
    Cleanaway Waste Management Ltd CWY AU 16,054,099 38,369,297 1.20
    Computershare Ltd CPU AU 1,218,056 38,320,042 1.19
    Suncorp Group Ltd SUN AU 2,461,879 38,208,362 1.19
    Ampol Ltd ALD AU 1,312,694 38,041,872 1.19
    Insurance Australia Group Ltd IAG AU 5,344,540 37,839,343 1.18
    Charter Hall Group CHC AU 1,698,465 37,773,862 1.18
    Steadfast Group Ltd SDF AU 8,413,897 37,694,259 1.17
    Fortescue Metals Group Ltd FMG AU 1,849,128 37,056,525 1.15
    Technology One Ltd TNE AU 1,494,337 36,984,841 1.15
    Treasury Wine Estates Ltd TWE AU 7,549,766 36,616,365 1.14
    Stockland SGP AU 7,199,516 36,429,551 1.14
    Rea Group Ltd REA AU 219,791 35,606,142 1.11
    Csl Ltd CSL AU 230,697 35,358,929 1.10
    Aristocrat Leisure Ltd ALL AU 724,307 34,766,736 1.08
    Carsales.Com Ltd CAR AU 1,315,163 33,457,747 1.04
    Cochlear Ltd COH AU 159,758 31,753,500 0.99
    Telix Pharmaceuticals Ltd TLX AU 2,992,941 31,216,375 0.97
    Seek Ltd SEK AU 1,789,117 29,108,934 0.91
    Wisetech Global Ltd WTC AU 577,314 27,191,489 0.85
    Pro Medicus Ltd PME AU 176,433 22,320,539 0.70
    Other/Cash --   -1,518,025 -0.05
    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 Update”.

    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.  

    MVWAU /blog/australian-equity/
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