What Is Inside VanEck Australian Banks ETF (ASX:MVB)? Five Banks Each Hold About a Fifth of the Portfolio

Sonal Goyal

28 October 2026 01:00 AM AEDT

What Is Inside VanEck Australian Banks ETF (ASX:MVB)? Five Banks Each Hold About a Fifth of the Portfolio

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Key Highlights

VanEck Australian Banks ETF (ASX:MVB) gives access to a portfolio of the largest and most liquid ASX-listed banks that generate revenues from the Australian banking sector.
ANZ (20.62%), NAB (20.26%), Westpac (20.20%), Commonwealth Bank (19.27%) and Macquarie Group (17.39%) make up about 97.7% of the fund.
Fund size is $305.55 million and the management fee is 0.28%.

VanEck Australian Banks ETF (ASX:MVB) is an exchange traded fund that gives investors access to a portfolio of the largest and most liquid ASX-listed banks that generate revenues from the Australian banking sector. Admitted to the ASX on 16 October 2013, the fund has a fund size of $305.55 million, is benchmarked to the MVIS Australia Banks GR AUD index and carries a management fee of 0.28%. This article covers its holdings and distributions.

Exposure and Investment Approach

The fund is categorised as Equity Australia Other, a category whose funds invest almost exclusively in Australian companies and may be defined by a single sector exposure. MVB is entirely in financial services and entirely in Australia, and its turnover ratio is 14.20%.

Portfolio Composition

The fund holds 8 companies. Its largest positions are ANZ Group Holdings Limited (20.62%), National Australia Bank Limited (20.26%), Westpac Banking Corporation (20.20%), Commonwealth Bank of Australia (19.27%), Macquarie Group Limited (17.39%).

The other largest positions are Bendigo and Adelaide Bank Limited (1.30%), Bank of Queensland Limited (0.94%).

By sector, the portfolio is allocated as follows: Financial Services 100.00%.

By size, 100% of the portfolio is in companies above $1 billion in market capitalisation. Geographic exposure is Australia (100.00%).

Key Features to Understand

The portfolio is built around five large banks, each between 17.39% and 20.62%, with smaller positions in Bendigo and Adelaide Bank (1.30%) and Bank of Queensland (0.94%). All holdings are in companies above $1 billion in market capitalisation.

Distribution Details

The fund's most recent recorded distribution was an interim distribution of $0.500 per unit, with an ex-date of 3 August 2026, a record date of 4 August 2026 and payment on 18 August 2026.

Fund Details at a Glance

Fund name: VanEck Australian Banks ETF (ASX:MVB)
Issuer: VanEck
Category: Equity Australia Other
Benchmark: MVIS Australia Banks GR AUD
Admitted to the ASX: 16 October 2013
Fund size: $305.55 million
Management fee: 0.28%
ISIN: AU000000MVB2

Recent Announcements

Recent announcements include dividend component details on 10 August 2026, an annual report for the year ended 30 June 2026 on 28 September and an issued units outstanding report as at 30 September 2026 on 7 October.

Closing Perspective

VanEck Australian Banks ETF holds eight ASX-listed banking companies, with five roughly equal positions making up almost the entire fund. Its most recent distribution was an interim distribution of $0.500 per unit, paid on 18 August 2026.

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