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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
      $38.68

      as at 25-Jun-26
    • Total Net Assets
      $3.28B
    • 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.
      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.

    Performance

    Holdings & allocations

    All holdings (%) as at 26-Jun-26 Download all holdings

    No. of holdings: 75
    Security name
    ASX code
    No. of securities held
    		 Market value % of Fund net
    assets
    Pro Medicus Ltd PME AU 266,947 50,420,949 1.53
    Qantas Airways Ltd QAN AU 4,628,017 49,427,222 1.50
    Evolution Mining Ltd EVN AU 4,019,863 49,162,924 1.50
    Cochlear Ltd COH AU 411,066 48,518,120 1.48
    Ramsay Health Care Ltd RHC AU 1,122,381 48,374,621 1.47
    Csl Ltd CSL AU 418,971 48,127,199 1.46
    Aristocrat Leisure Ltd ALL AU 816,606 47,926,606 1.46
    Northern Star Resources Ltd NST AU 2,326,490 47,902,429 1.46
    Seven Group Holdings Ltd SGH AU 1,026,979 47,744,254 1.45
    Perseus Mining Ltd PRU AU 9,236,214 47,566,502 1.45
    Charter Hall Group CHC AU 2,008,996 47,452,486 1.44
    Lynas Rare Earths Ltd LYC AU 2,556,794 47,402,961 1.44
    Brambles Ltd BXB AU 2,396,284 47,063,018 1.43
    Stockland SGP AU 10,864,766 46,935,789 1.43
    Wesfarmers Ltd WES AU 517,245 46,934,811 1.43
    Reece Ltd REH AU 2,789,983 46,676,416 1.42
    Jb Hi-Fi Ltd JBH AU 567,392 46,435,361 1.41
    Asx Ltd ASX AU 894,878 46,345,732 1.41
    Woolworths Group Ltd WOW AU 1,146,244 46,124,859 1.40
    Ramelius Resources Ltd RMS AU 15,295,433 45,886,299 1.40
    Qbe Insurance Group Ltd QBE AU 1,841,722 45,748,374 1.39
    Endeavour Group Ltd/Australia EDV AU 13,780,550 45,475,815 1.38
    Macquarie Group Ltd MQG AU 181,636 45,292,753 1.38
    Mirvac Group MGR AU 25,224,048 45,024,926 1.37
    Washington H Soul Pattinson & Co Ltd SOL AU 989,972 44,974,428 1.37
    Gpt Group/The GPT AU 8,713,762 44,875,874 1.36
    Scentre Group SCG AU 11,410,880 44,730,650 1.36
    Suncorp Group Ltd SUN AU 2,360,871 44,714,897 1.36
    National Australia Bank Ltd NAB AU 1,187,260 44,534,123 1.35
    Vicinity Centres VCX AU 16,848,876 44,481,033 1.35
    Lottery Corp Ltd/The TLC AU 7,899,838 44,476,088 1.35
    Greatland Resources Ltd GGP AU 3,667,783 44,453,530 1.35
    Coles Group Ltd COL AU 1,817,663 44,369,154 1.35
    Medibank Pvt Ltd MPL AU 8,911,803 44,291,661 1.35
    Orica Ltd ORI AU 1,872,098 44,256,397 1.35
    Insurance Australia Group Ltd IAG AU 5,480,702 44,119,651 1.34
    Apa Group APA AU 4,088,448 44,032,585 1.34
    Bluescope Steel Ltd BSL AU 1,315,435 44,014,455 1.34
    Computershare Ltd CPU AU 1,190,537 43,907,005 1.34
    Bendigo & Adelaide Bank Ltd BEN AU 4,187,683 43,803,164 1.33
    Dexus DXS AU 7,593,860 43,740,634 1.33
    Anz Group Holdings Ltd ANZ AU 1,248,066 43,732,233 1.33
    Qube Holdings Ltd QUB AU 8,558,159 43,732,192 1.33
    Commonwealth Bank Of Australia CBA AU 269,179 43,612,382 1.33
    Goodman Group GMG AU 1,361,095 43,568,651 1.32
    Dyno Nobel Ltd DNL AU 11,261,912 43,470,980 1.32
    Sonic Healthcare Ltd SHL AU 2,126,879 43,430,869 1.32
    Sigma Healthcare Ltd SIG AU 15,627,944 43,289,405 1.32
    Bank Of Queensland Ltd BOQ AU 6,934,586 43,271,817 1.32
    Atlas Arteria Ltd ALX AU 8,490,772 43,133,122 1.31
    Als Ltd ALQ AU 1,896,794 43,000,320 1.31
    Origin Energy Ltd ORG AU 3,921,192 42,976,264 1.31
    Telstra Group Ltd TLS AU 8,326,859 42,883,324 1.30
    Westpac Banking Corp WBC AU 1,218,106 42,804,245 1.30
    Transurban Group TCL AU 2,775,619 42,716,776 1.30
    Mineral Resources Ltd MIN AU 672,066 42,434,247 1.29
    Agl Energy Ltd AGL AU 5,021,319 42,279,506 1.29
    Bhp Group Ltd BHP AU 716,497 42,266,158 1.29
    Fortescue Metals Group Ltd FMG AU 2,193,954 41,838,703 1.27
    Rio Tinto Ltd RIO AU 240,377 41,739,062 1.27
    Aurizon Holdings Ltd AZJ AU 9,847,745 41,459,006 1.26
    Steadfast Group Ltd SDF AU 8,017,309 40,727,930 1.24
    Seek Ltd SEK AU 3,197,414 40,319,391 1.23
    Nextdc Ltd NXT AU 2,848,950 40,056,237 1.22
    Whitehaven Coal Ltd WHC AU 4,912,655 39,645,126 1.21
    Carsales.Com Ltd CAR AU 1,601,675 39,241,038 1.19
    Technology One Ltd TNE AU 1,355,535 39,134,295 1.19
    Santos Ltd STO AU 5,452,986 38,934,320 1.18
    Rea Group Ltd REA AU 288,650 38,546,321 1.17
    Woodside Energy Group Ltd WDS AU 1,389,598 38,422,385 1.17
    Ampol Ltd ALD AU 1,176,571 38,309,152 1.17
    Pilbara Minerals Ltd PLS AU 7,488,390 37,741,486 1.15
    South32 Ltd S32 AU 9,627,928 37,645,198 1.14
    Worley Ltd WOR AU 3,382,991 36,637,793 1.11
    Wisetech Global Ltd WTC AU 1,133,591 35,764,796 1.09
    Other/Cash --   1,835,876 0.06
    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.  

    MVWAU /blog/australian-equity/
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