Australian shares
MVB
VanEck Australian Banks ETF · VanEck
A small, concentrated group of Australia's listed banks and financial companies — only around seven holdings.
What the fee costs you
The management fee is 0.28% a year. Here’s what that works out to in dollars:
A 0.28% yearly fee works out to about $28 a year per $10,000 invested.
A rough guide based on the headline fee only. Other costs (such as brokerage or buy/sell spreads) aren’t included.
The basics
- Issuer
- VanEck
- Asset class
- Australian shares
- Number of holdings
- ~7
- Where it invests
- 100% Australia.
- Income paid
- Three times a year
- Currency hedged
- N/A — It holds Australian companies priced in Australian dollars, so there's no foreign-currency exposure to hedge.
Its character
A single-sector fund built around Australian banking: it holds just the handful of major banks and financials, so it's highly concentrated and rises and falls with the fortunes of that one sector.
What to keep in mind
Holding only around seven companies in one industry makes this far more concentrated than a broad market fund — it lives and dies with Australian banking, which is sensitive to interest rates, housing and bad debts.
Income
Banks are large dividend payers, so distributions typically carry franking credits.
Figures last verified 2026-06-23against the issuer’s factsheet and PDS.