Highlights

  • VETH provides Australian Equity exposure through the FTSE Australia 300 Choice index framework.
  • Financial services and basic materials represented 38.36% and 20.76% of sector exposure.
  • The portfolio contained 232 companies, with the ten largest holdings representing 49.10%.
  • Management fees and costs were listed at 0.16%, with fund size of AUD 674.20 million.

Vanguard Ethically Conscious Australian Shares ETF (ASX:VETH) provides Australian equity exposure through a portfolio holding, or gaining exposure to, most securities in the FTSE Australia 300 Choice Index. Individual security weights may vary marginally from the benchmark during implementation. At the time of writing on 6 November 2026, VETH was trading at AUD 69.55. The portfolio has broad company coverage while retaining substantial exposure to major financial and materials businesses.

An ethically conscious index framework

VETH implements its mandate through a defined benchmark universe. Its portfolio may include securities removed from the index or expected to enter it, providing some implementation flexibility around constituent changes. The objective remains exposure to the underlying index rather than an active aim to identify outperforming companies.

The ethical description should be interpreted through the specific index framework and holdings. It does not imply that the fund has no exposure to every sector an individual investor might choose to avoid. The portfolio figures listed 232 companies, giving substantial company breadth within the eligible Australian share universe.

Financial businesses lead the major holdings

Financial services accounted for 38.36% of sector exposure, basic materials 20.76%, healthcare 8.66% and real estate 8.30%. Consumer cyclical companies represented 6.59%, industrials 6.50%, communication services 4.65%, consumer defensive companies 3.34% and technology 2.85%.

Commonwealth Bank was the largest holding at 11.08%, followed by National Australia Bank at 5.36%, Westpac at 5.26% and ANZ Group at 5.08%. CSL represented 4.85% and Wesfarmers 4.75%. Macquarie Group, Goodman Group, Telstra and Northern Star Resources completed the ten largest positions. Together, these holdings represented 49.10%, leaving the leading financial businesses with meaningful influence despite the wider company count.

Geographic allocation costs and distributions

The geographic breakdown was 98.90% Australia, with smaller United Kingdom, China, New Zealand and United States allocations. Companies above AUD 1 billion represented 92.60% of the Market Capitalisation breakdown, while the AUD 500 million to AUD 1 billion band accounted for 6.92%. The asset allocation was reported as entirely equities.

Management fees and costs were listed at 0.16%. An interim distribution of AUD 0.579 per unit had an ex-distribution date of 1 October 2026, a Record Date of 2 October and payment on 16 October. Future amounts can vary. Equity market movements, index eligibility and sector concentration remain relevant risks within the screened portfolio.

Key Insights

VETH combines broad Australian company coverage with an ethically conscious index mandate. Its leading bank positions and materials allocation remain substantial, so the screened approach should be understood alongside the actual sector and company weights. Portfolio breadth does not eliminate those concentrations.