Key Highlights

  • The fund holds 76 companies at roughly equal weights, with the top ten at only 14.80%.
  • Financial Services (20.70%) and Basic Materials (20.33%) sit below category weightings.
  • The management fee is 0.35% and reported turnover is 35.80%.
  • The July 2026 distribution of $0.660 is lower than the $1.090 paid in July 2025.

VanEck Australian Equal Weight ETF (ASX:MVW) gives investors access to a portfolio of the largest and most liquid ASX-listed companies, all equally weighted, with diversification across both companies and sectors. The fund was admitted to the ASX on 6 March 2014 and last traded at $38.46 on 13 October 2026. It reports a fund size of $3.30 billion.

Detail

Information

Ticker

ASX:MVW

Fund

VanEck Australian Equal Weight ETF

Category

Equity Australia Large Blend

Benchmark

MVIS Australia Equal Weight GR AUD

Fund size

$3.30 billion

Management fee

0.35%

Total holdings

76

ASX admission date

6 March 2014

Equal-weight construction

Because each company carries a similar weight, the ten largest positions account for only 14.80% of the fund. Codan leads at 1.92%, followed by Northern Star Resources (1.45%), Washington H. Soul Pattinson (1.44%), CSL (1.44%) and Suncorp Group (1.43%). JB Hi-Fi, QBE Insurance, Ampol and ASX Limited each hold 1.42%, and Ramsay Health Care 1.40%.

Reported turnover is 35.80%, which is higher than for market-capitalisation index funds.

Sector and country exposure

Financial Services holds 20.70% against 30.14% for the category, and Basic Materials 20.33% against 25.65%. Real Estate carries 10.83% against 6.08%, Industrials 9.33%, Healthcare 8.15% and Energy 6.51%. Technology holds 5.66%, above the 3.34% category weighting.

Australia accounts for 98.78% of the fund and the United Kingdom 1.22%. All holdings exceed $1 billion in market capitalisation.

Fee, risk and distribution

The management fee is 0.35% a year. The fund reports a beta of 0.64 and a standard deviation of 7.98. The final distribution of $0.660 per unit had an ex-date of 1 July 2026, a record date of 2 July and payment on 27 July, equal to an annual yield of 3.39%.

That is higher than the $0.650 paid in January 2026, but lower than the $1.090 paid in July 2025 and the $0.940 paid in July 2024.

Category classification and liquidity

Morningstar places the fund in the Equity Australia Large Blend category, which covers funds investing primarily in large Australian companies, defined as stocks in the top 70% of the Australian equity market by capitalisation, with the blend style applied where neither growth nor value characteristics dominate.

Liquidity indicators add a further view. There are 85,520,318 units on issue, and average daily trading volume is 110,836 units. Over the five sessions from 7 to 13 October 2026, daily volume ranged from 69,100 to 93,600 units, with 80,132 recorded on 13 October while the market was still open. The bid-offer range stood at $38.44 to $38.90, and the day range at $38.33 to $38.73. These figures change through the trading day and reflect market activity rather than the fund's holdings.

Recent announcements

The issuer lodged Issued Units Outstanding as at 30 September 2026 on 7 October, the Annual Report for the year ended 30 June 2026 on 28 September, and dividend component details on 16 July.

Final Takeaway

MVW spreads exposure evenly across 76 companies, which lowers its weight in banks and miners relative to market-cap index funds. The 0.35% fee and 35.80% turnover are higher than those of such funds, and its July distribution fell against the prior year. These details describe the fund's design only.