Key highlights

  • AUMF tracks the MSCI Australia IMI Diversified Multiple-Factor Index and held 124 companies, with its top 10 making up 39.40%.
  • Basic Materials is 29.48% of the fund and Financial Services 28.75%, and Industrials (10.03%) is above its 6.74% category average.
  • The fund size is $146.43 million, the management fee is 0.30% and its annual yield is shown as 2.82%.

Multifactor ETFs select and weight shares according to several characteristics, such as value, quality or momentum, rather than relying only on market capitalisation. The iShares Edge MSCI Australia Multifactor ETF (ASX:AUMF) applies that approach to the Australian share market. It was admitted to the ASX on 14 October 2016, is classified by Morningstar as Equity Australia Large Blend and uses the MSCI AU IMI Div Mult-Factor (AUD) NR LCL index as its benchmark.

This article describes the exposure AUMF provides, using its ASX fund page, including its sector and size breakdowns, its largest holdings, its fee and its distributions. It contains no return data or advice.

What the fund is designed to do

The fund seeks to achieve its objective by tracking the performance of the MSCI Australia IMI Diversified Multiple-Factor Index. The manager states that it believes an optimisation investment strategy is the most appropriate way to track the index, because it takes into account liquidity and transaction cost impact and overall risk relative to the index. Optimisation means the fund may not hold every index constituent in exact proportion.

The fund held 124 companies, with a turnover ratio of 45.51%, which is higher than that of many index funds and reflects the way factor-based portfolios are rebalanced. Its beta is 0.94 and its standard deviation 10.47. The fund size is $146.43 million with 3,756,621 units outstanding, and average daily volume was 3,508 units.

Sector allocation

The sector breakdown shows Basic Materials (29.48%), Financial Services (28.75%), and Industrials (10.03%) as the three largest allocations. Relative to its Morningstar category average, the fund holds a higher share in Basic Materials (29.48 vs 26.24%), and Industrials (10.03 vs 6.74%). It holds a lower share than the category average in Consumer Cyclical (4.80 vs 7.24%), and Energy (2.26 vs 4.85%). The remaining listed sectors are Healthcare (6.02%), Consumer Defensive (5.46%), Technology (4.97%), Consumer Cyclical (4.80%), Real Estate (3.90%), Communication Services (3.37%), and Energy (2.26%).

The fund’s lower Energy and Consumer Cyclical weightings are among its larger differences from the category.

Asset mix, company size and geography

The fund is 99.40% in shares and 0.60% in cash. By company size, 87.77% is in companies above $1 billion and 12.23% in companies between $500 million and $1 billion, with none below $500 million, a higher mid-sized share than the category’s 6.82%. All of the fund, 100.00%, is in Australia.

Top holdings

The ten largest holdings make up 39.40% of the fund, with 60.60% across the remaining 114. They are BHP Group (ASX:BHP) at 9.95%, Commonwealth Bank of Australia (ASX:CBA) at 7.82%, Rio Tinto (ASX:RIO) at 4.35%, National Australia Bank (ASX:NAB) at 2.67%, Fortescue (ASX:FMG) at 2.64%, Westpac Banking Corporation (ASX:WBC) at 2.57%, Telstra Group (ASX:TLS) at 2.41%, ANZ Group (ASX:ANZ) at 2.38%, QBE Insurance Group (ASX:QBE) at 2.37% and Coles Group (ASX:COL) at 2.20%.

The largest weights are in major miners and banks, as in most Australian equity funds, but the top positions are less concentrated than in a market-cap-weighted index ETF.

Distributions

AUMF pays distributions twice a year. The most recent was a final distribution of $0.551 per unit, with an ex-date of 1 July 2026, a record date of 2 July 2026 and a payment date of 13 July 2026. Earlier distributions were $0.551 in January 2026, $0.548 in July 2025, $0.560 in January 2025 and $0.465 in July 2024. The page lists an annual yield of 2.82%.

Fund snapshot and recent filings

On the ASX page, AUMF showed a last price of $38.95, down $0.02 or 0.07%, a bid-offer range of $38.88 to $39.25, a day range of $38.86 to $38.95 and a trading volume of 1,509 units. The management fee is 0.30% and the ISIN is AU00000AUMF0. Its head office is at Level 12, 33 Alfred Street, Sydney.

Recent announcements include a monthly applications, redemptions, units on issue and derivatives notice on 7 October 2026, the annual financial report to 30 June 2026 on 25 September, a Product Disclosure Statement on 24 September, and monthly notices on 7 September and 6 August 2026.

What AUMF’s exposure comes to

AUMF gives index-based multifactor exposure to 124 Australian companies, with a higher weighting to industrials and materials than its category and a 0.30% management fee. Its distributions are paid twice a year.