Key Highlights

  • MVW tracks an equal-weight index, so each holding receives a similar weight rather than a weight set by market size.
  • The fund holds about 76 companies, and its largest individual position is about 1.9%.
  • Management fees are 0.35% a year, with a final distribution of A$0.660 and an annual Yield of 3.35%.
  • The fund traded at A$40.24 in the 5 November 2026 session, up 2.94%.

The VanEck Australian Equal Weight ETF (ASX:MVW) gives investors access to a broad set of Australian shares in a single trade. Unlike market-capitalisation funds, MVW spreads its money evenly across its holdings, so the largest companies do not dominate. The fund traded at A$40.24 during the 5 November 2026 session, up 2.94%, while the S&P/ASX 200 gained 1.87%.

Fund detail

Information

Share price (5 Nov 2026 session)

A$40.24, up 2.94%

Fund size

A$3.34 billion

Management fees and costs

0.35% a year

Annual yield

3.35%

Last distribution

A$0.660 final, ex-date 1 July 2026

Number of holdings

About 76 companies

Benchmark

MVIS Australia Equal Weight GR AUD

Admitted to ASX

6 March 2014

What the fund is

MVW is an exchange-traded fund listed on the ASX that aims to track the MVIS Australia Equal Weight index. Investors buy and sell units on the exchange during trading hours, in the same way as shares, and the price moves with the value of the underlying holdings and with Demand for units in the market.

The fund is designed for investors who want a broad slice of the Australian share market in a single holding. Its index covers the largest and most liquid listed companies, which means the fund's exposure is weighted toward companies that are widely traded.

How the portfolio is built

The defining feature of MVW is its equal-weight approach. Each company in the index starts with a similar weight, and the holdings are rebalanced periodically to keep those weights close to equal. This contrasts with market-capitalisation index funds, where a small number of very large companies, typically miners and banks, can account for much of the portfolio.

The effect is a more even spread of exposure across companies and sectors. At the time of the latest update, financial services made up about 21% of the fund, basic materials about 20% and real estate about 11%. The largest individual positions, including Codan, Northern Star Resources, Washington H. Soul Pattinson, CSL and Suncorp, each sat at roughly 1.4% to 1.9%.

Income and costs

The most recent distribution was a final payment of A$0.660, with an ex-date of 1 July 2026 and payment on 27 July 2026. The annual yield is 3.35%. The yield is a measure of recent distributions relative to the unit price and can change as the unit price and future distributions change.

Management fees and costs are 0.35% a year. Fees are deducted from the fund's assets, so they reduce the return investors receive over time. Investors should compare the fee against the index they are seeking to track and against other funds with a similar approach.

What to understand before investing

An equal-weight fund can behave differently from the broader market. When large companies lead the market, an equal-weight approach may lag, and when smaller holdings rise, it may outperform. Rebalancing also means the fund buys companies that have fallen relative to others and sells those that have risen, which affects turnover and costs.

Like all share funds, MVW carries market risk. Its unit price can fall as well as rise, and past behaviour is not a reliable guide to future results. The fund's structure does not remove the risk of the underlying companies.

Final Word

MVW offers a broad, evenly weighted route into the Australian share market. Its approach differs from the usual large-cap index funds, and that difference is the main reason to look at it closely.