Key Highlights

  • AUMF tracks a diversified multi-factor index of Australian shares, rather than a plain market-capitalisation index.
  • The fund holds about 124 companies, with BHP the largest position at about 10%.
  • Management fees are 0.30% a year, with a final distribution of A$0.551 and an annual Yield of 2.84%.
  • The fund traded at A$39.60 in the 5 November 2026 session, up 2.19%.

The iShares Edge MSCI Australia Multifactor ETF (ASX:AUMF) gives investors exposure to Australian shares selected and weighted using several factors rather than market size alone. The fund traded at A$39.60 during the 5 November 2026 session, up 2.19%, while the S&P/ASX 200 gained 1.87%.

Fund detail

Information

Share price (5 Nov 2026 session)

A$39.60, up 2.19%

Fund size

A$145.57 million

Management fees and costs

0.30% a year

Annual yield

2.84%

Last distribution

A$0.551 final, ex-date 1 July 2026

Number of holdings

About 124 companies

Benchmark

MSCI AU IMI Div Mult-Factor (AUD) NR LCL

Admitted to ASX

14 October 2016

What the fund is

AUMF is an exchange-traded fund listed on the ASX that aims to track the MSCI Australia IMI Diversified Multiple-Factor index. Units trade during market hours like shares, and the unit price reflects the value of the holdings and the Demand for units.

A multi-factor fund does not simply hold the largest companies. It selects and weights holdings according to several characteristics that research has linked to differences in long-term returns, so its exposure differs from a standard market-capitalisation index.

How the portfolio is built

The index uses an optimisation approach that considers liquidity, Transaction Costs and overall risk relative to the index when setting weights. The result is a portfolio that can look quite different from the broader market, both in sector weights and in the companies that carry the largest positions.

At the time of the latest update, basic materials made up about 29% of the fund and financial services about 29%, with industrials at about 10%. BHP was the largest holding at about 10%, followed by Commonwealth Bank at about 8% and Rio Tinto at about 4%. Concentration in a few large positions is therefore still a feature of the portfolio.

Income and costs

The most recent distribution was a final payment of A$0.551, with an ex-date of 1 July 2026 and payment on 13 July 2026. The annual yield is 2.84%. Yield is based on recent distributions relative to the unit price, and it changes as the price moves and as future distributions change.

Management fees and costs are 0.30% a year. Fees are charged to the fund and reduce the return investors receive over time. Investors should weigh the fee against the index they are seeking to track and against other factor-based products.

What to understand before investing

Factor strategies can underperform the broad market for extended periods, because the factors they target may be out of favour. A multi-factor portfolio is therefore not a guaranteed route to higher returns, and its behaviour can differ from a standard index fund in both rising and falling markets.

Like all share funds, AUMF carries market risk. Its unit price can fall as well as rise, and past behaviour is not a reliable guide to future results. The Rebalancing that Factor indexes require also means the fund trades periodically, which affects its costs and turnover.

Comparing with other factor products

Investors comparing AUMF with other factor-based or minimum-volatility funds may look at which factors each product targets, how often the index rebalances and how much of the portfolio sits in the same large companies. Two funds that both use factor methods can still hold quite different portfolios.

It is also useful to consider the fund's role within a wider holding. A multi-factor fund can complement a broad index fund, but it is a different exposure rather than a substitute for one, and its results will differ from the market over shorter periods.

Final Word

AUMF offers a rules-based, multi-factor route into Australian shares. Its sector weights and holdings differ from a market-cap fund, and that difference is the main reason to examine it closely.