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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
      $38.05

      as at 24-Apr-26
    • Total Net Assets
      $3.19B
    • Dividend Frequency
      2 each year
    • Management fee (p.a.)
      0.35%
    • Number of securities
      77
    • 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 24-Apr-26 Download all holdings

    No. of holdings: 77
    Security name
    ASX code
    No. of securities held
    		 Market value % of Fund net
    assets
    Asx Ltd ASX AU 848,660 50,597,109 1.59
    Pilbara Minerals Ltd PLS AU 8,574,932 49,477,358 1.55
    Worley Ltd WOR AU 4,127,423 49,033,785 1.54
    Ampol Ltd ALD AU 1,428,184 48,843,893 1.53
    Macquarie Group Ltd MQG AU 208,906 48,524,686 1.52
    Nextdc Ltd NXT AU 3,239,996 48,437,940 1.52
    Suncorp Group Ltd SUN AU 2,799,278 47,727,690 1.50
    Coles Group Ltd COL AU 2,064,726 47,612,582 1.49
    Bluescope Steel Ltd BSL AU 1,603,709 47,245,267 1.48
    Medibank Pvt Ltd MPL AU 10,149,074 47,193,194 1.48
    Vicinity Centres VCX AU 18,428,581 47,177,167 1.48
    Apa Group APA AU 4,607,145 46,624,307 1.46
    Rio Tinto Ltd RIO AU 270,555 46,424,532 1.45
    Washington H Soul Pattinson & Co Ltd SOL AU 1,093,627 46,205,741 1.45
    Origin Energy Ltd ORG AU 3,612,826 46,135,788 1.45
    Dyno Nobel Ltd DNL AU 14,052,563 45,530,304 1.43
    Bhp Group Ltd BHP AU 808,644 45,364,928 1.42
    Goodman Group GMG AU 1,552,167 45,230,146 1.42
    Qbe Insurance Group Ltd QBE AU 2,018,115 45,145,233 1.41
    Woodside Energy Group Ltd WDS AU 1,381,235 45,042,073 1.41
    Technology One Ltd TNE AU 1,548,164 45,036,091 1.41
    Bendigo & Adelaide Bank Ltd BEN AU 4,193,330 44,491,231 1.39
    Woolworths Group Ltd WOW AU 1,173,008 44,445,273 1.39
    Agl Energy Ltd AGL AU 4,658,222 44,392,856 1.39
    Santos Ltd STO AU 5,693,383 44,351,454 1.39
    Insurance Australia Group Ltd IAG AU 6,107,146 44,215,737 1.39
    Aristocrat Leisure Ltd ALL AU 921,025 44,117,098 1.38
    Orica Ltd ORI AU 2,079,028 44,116,974 1.38
    Telstra Group Ltd TLS AU 8,190,480 44,064,782 1.38
    Aurizon Holdings Ltd AZJ AU 10,530,618 44,017,983 1.38
    Scentre Group SCG AU 11,869,255 43,797,551 1.37
    Lottery Corp Ltd/The TLC AU 7,809,882 43,188,647 1.35
    Sigma Healthcare Ltd SIG AU 15,447,487 43,098,489 1.35
    Computershare Ltd CPU AU 1,434,033 43,092,692 1.35
    Gpt Group/The GPT AU 8,997,251 43,006,860 1.35
    Steadfast Group Ltd SDF AU 10,027,963 42,919,682 1.34
    Qube Holdings Ltd QUB AU 8,471,202 42,610,146 1.34
    Pro Medicus Ltd PME AU 307,165 42,493,206 1.33
    Perseus Mining Ltd PRU AU 7,639,484 42,475,531 1.33
    Commonwealth Bank Of Australia CBA AU 243,338 42,460,048 1.33
    Rea Group Ltd REA AU 247,904 42,369,273 1.33
    Carsales.Com Ltd CAR AU 1,635,546 42,180,731 1.32
    Charter Hall Group CHC AU 2,101,909 42,038,180 1.32
    Dexus DXS AU 6,722,746 41,681,025 1.31
    South32 Ltd S32 AU 9,636,964 41,631,684 1.30
    Fortescue Metals Group Ltd FMG AU 2,102,961 41,596,569 1.30
    Mineral Resources Ltd MIN AU 696,456 41,348,593 1.30
    Bank Of Queensland Ltd BOQ AU 6,169,921 41,215,072 1.29
    Wesfarmers Ltd WES AU 554,243 41,124,831 1.29
    Brambles Ltd BXB AU 1,858,344 40,920,735 1.28
    Transurban Group TCL AU 2,930,067 40,727,931 1.28
    Jb Hi-Fi Ltd JBH AU 533,822 40,677,236 1.27
    Cleanaway Waste Management Ltd CWY AU 17,362,465 40,628,168 1.27
    Seven Group Holdings Ltd SGH AU 1,001,601 40,204,264 1.26
    Anz Group Holdings Ltd ANZ AU 1,106,297 40,081,140 1.26
    Qantas Airways Ltd QAN AU 4,763,851 40,063,987 1.26
    Westpac Banking Corp WBC AU 1,024,060 39,948,581 1.25
    Atlas Arteria Ltd ALX AU 9,194,128 39,810,574 1.25
    Ramsay Health Care Ltd RHC AU 995,432 39,807,326 1.25
    Seek Ltd SEK AU 2,709,037 39,714,482 1.24
    Sonic Healthcare Ltd SHL AU 1,953,378 39,712,175 1.24
    Als Ltd ALQ AU 1,839,631 39,294,518 1.23
    Mirvac Group MGR AU 22,172,646 38,358,678 1.20
    Csl Ltd CSL AU 294,692 38,309,960 1.20
    Whitehaven Coal Ltd WHC AU 4,824,014 38,254,431 1.20
    Reece Ltd REH AU 2,782,594 38,093,712 1.19
    Wisetech Global Ltd WTC AU 853,314 37,921,274 1.19
    Evolution Mining Ltd EVN AU 2,969,411 37,889,684 1.19
    Endeavour Group Ltd/Australia EDV AU 10,746,078 37,611,273 1.18
    Lynas Rare Earths Ltd LYC AU 2,040,659 37,180,807 1.17
    Stockland SGP AU 8,864,381 37,141,756 1.16
    Ramelius Resources Ltd RMS AU 9,726,195 36,181,445 1.13
    National Australia Bank Ltd NAB AU 887,749 35,580,980 1.11
    Northern Star Resources Ltd NST AU 1,570,735 34,336,267 1.08
    Cochlear Ltd COH AU 229,089 22,301,814 0.70
    Nextdc Ltd NXTXX AU 599,999 8,969,985 0.28
    Other 957IGP903 599,999 -- 0.00
    Other/Cash --   449,725 0.01
    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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