Key Highlights

  • MVOL tracks an index designed to select Australian shares with lower expected Volatility than the broader market.
  • The fund holds 99 companies, with BHP, Telstra and ANZ among the largest positions at about 4% to 6% each.
  • Management fees are 0.30% a year, with a final distribution of A$0.460 and an annual Yield of 3.01%.
  • The fund traded at A$36.75 in the 5 November 2026 session, up 1.10%.

The iShares Edge MSCI Australia Minimum Volatility ETF (ASX:MVOL) gives investors a portfolio of Australian shares built around lower volatility rather than market size. The fund traded at A$36.75 during the 5 November 2026 session, up 1.10%, while the S&P/ASX 200 gained 1.87%.

Fund detail

Information

Share price (5 Nov 2026 session)

A$36.75, up 1.10%

Fund size

A$32.74 million

Management fees and costs

0.30% a year

Annual yield

3.01%

Last distribution

A$0.460 final, ex-date 1 July 2026

Number of holdings

99 companies

Units outstanding

About 900,784

Benchmark

MSCI Aus IMI Sel Minimum Vol NR AUD

Admitted to ASX

14 October 2016

What the fund is

MVOL is an exchange-traded fund listed on the ASX that aims to track the MSCI Australia IMI Select Minimum Volatility index. Units trade on the exchange like shares, and the unit price reflects the value of the underlying holdings and the Demand for units.

The fund's purpose is to offer a portfolio of Australian shares that the index method expects to move less than the market. It is a passive, rules-based product, so the manager does not choose holdings beyond what the index requires.

How the portfolio is built

The index selects companies using a minimum-volatility method, which favours shares that have historically moved less than the market. Holdings are rebalanced periodically as the index rules are applied, which means the portfolio's sector weights can shift over time.

The fund's sector mix differs from a standard large-cap index. Financial services is the largest sector at about 30%, followed by basic materials at about 22% and industrials at about 9%. Communication services and utilities carry a higher weight than in a typical Australian large-cap fund, while healthcare carries a lower one. BHP, Telstra and ANZ are the largest holdings, each around 4% to 6%.

Income and costs

The most recent distribution was a final payment of A$0.460, with an ex-date of 1 July 2026 and payment on 13 July 2026. The annual yield is 3.01%. Yield reflects recent distributions relative to the unit price and changes as both move.

Management fees and costs are 0.30% a year, which reduce the net return to unitholders. Investors should compare the fee with other minimum-volatility products and with the Index Funds they might otherwise hold.

What to understand before investing

A minimum-volatility fund is not a low-risk product in the sense of a cash or government bond fund. It still holds shares, and its unit price can fall sharply in a market downturn, even if it tends to fall less than the broader market.

Low-volatility strategies can lag the market when riskier shares lead a rally. Their results also depend on the stability of the sectors they overweight, such as utilities and communication services. Investors should consider how the fund fits with their overall tolerance for market movements.

Comparing with a broad index fund

Investors comparing MVOL with a broad Australian index fund may look at the sector weights, the number of holdings, the fee and the approach to rebalancing. A minimum-volatility fund can differ materially from the index over shorter periods, so results should be judged over a suitable timeframe.

Final Word

MVOL offers a rules-based route to lower-volatility Australian shares. Its sector mix and Rebalancing schedule separate it from standard index funds, and those features are central to how it behaves.