Key Highlights

  • VanEck Australian Equal Weight ETF (ASX:MVW) is listed in the Equity Australia Large Blend category with a fund size of $3.31 billion and a management fee of 0.35%.
  • The largest sector weighting is Financial Services at 20.70%, with stock making up 99.99% of reported asset allocation.
  • The latest final distribution is $0.660 per unit, with a payment date of 27 Jul 2026.

Introduction: Fund Overview

VanEck Australian Equal Weight ETF (ASX:MVW) is an exchange traded fund listed on the ASX within the Equity Australia Large Blend category. It was admitted to the exchange on 06 March 2014, and its benchmark is the MVIS Australia Equal Weight GR AUD. The fund gives access to a portfolio of the largest and most liquid ASX-listed companies, all equally weighted, with diversification across both companies and sectors.

The management fee listed for the fund is 0.35%. The fund’s head office is listed in Sydney. The sections below walk through the latest trading snapshot, portfolio composition, distribution information, risk measures and recent announcements for the fund.

Latest Trading Snapshot

The last price was $38.78, higher by $0.07 or 0.20% on the session, against a previous close of $38.70. Trading volume stood at 39,236 units, with a bid and offer range of $38.75 to $38.78. The day range was $38.70 - $38.82. Average volume is shown as 106,859 units. On size, the fund size is $3.31 billion and units outstanding total 85,520,318. Prices are delayed by at least 20 minutes.

Portfolio Composition and Allocation

Asset allocation data lists stock at 99.99% and cash at 0.01%. Morningstar sector data shows the largest weightings in Financial Services (20.70%), Basic Materials (20.33%) and Real Estate (10.83%). Compared with the category average, the largest overweight among the sectors listed is Real Estate, at 10.83% against 5.75%. The largest underweight is Financial Services, at 20.70% against 30.04% for the category.

By geography, Australia accounts for 98.78% and United Kingdom accounts for 1.22%. The fund has 76 total holdings. The holdings listed include Codan Limited (1.92%), Northern Star Resources (1.45%), Washington H. Soul Pattinson (1.44%), CSL Limited (1.44%) and Suncorp Group (1.43%). The top ten holdings together represent 14.80% of the portfolio. The reported turnover ratio is 35.80%.

Distribution Information

The most recent distribution listed is a final distribution of $0.660 per unit, with an ex-date of 01 Jul 2026, a record date of 02 Jul 2026 and a payment date of 27 Jul 2026. The annual yield is shown as 3.38%. The distribution chart lists July 2026 ($0.660), January 2026 ($0.650), July 2025 ($1.090), January 2025 ($0.650) and July 2024 ($0.940). The latest payment is higher than the one before it, a reminder that amounts vary between periods.

Risk Measures and Recent Announcements

The fund has a beta of 0.64, a beta below 1, indicating lower sensitivity to market moves than the broader market on that measure, alongside a standard deviation of 7.98. Recent announcements include Issued Units Outstanding as at 30 September 2026 (07/10/2026), Annual Report FYE 30 June 2026 (28/09/2026) and Dividend component details (16/07/2026).

Category and Market Context

Funds grouped under Equity Australia Large Blend are classified by Morningstar according to the securities they hold. The Australian share market is concentrated in financials and materials, so sector weightings are one of the main ways funds in this space differ from each other, alongside fees, index construction and the extent of active management.

Key Risks and Considerations

Equity funds are exposed to share market movements, and the sector tilts described above mean that events affecting particular industries can have a larger effect on this portfolio than on a broader market index. Distribution amounts can also vary from one period to the next.

What to Watch Ahead

Items that readers following VanEck Australian Equal Weight ETF (ASX:MVW) may track include the next monthly units-on-issue disclosure, distribution announcements and any portfolio or investment updates from the manager. Changes in the sector and asset mix, trading volumes and the fund’s size over time will also show how the portfolio is evolving. This article is informational and does not constitute investment advice.

The Bottom Line

VanEck Australian Equal Weight ETF (ASX:MVW) is a Equity Australia Large Blend fund admitted to the ASX on 06 March 2014, with the latest ASX data showing a last price of $38.78 and a move of +0.20% on the session, a portfolio led by financial services at 20.70%, and a latest final distribution of $0.660 per unit. Reading these figures alongside the fund’s category, fee, structure and risk measures gives a fuller picture of how the ETF is built and how it has been trading.