Australian shares
MVS
VanEck Small Companies Masters ETF · VanEck
Around 60 smaller companies listed in Australia (and some in New Zealand), chosen on a 'growth at a reasonable price' screen.
What the fee costs you
The management fee is 0.49% a year. Here’s what that works out to in dollars:
A 0.49% yearly fee works out to about $49 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
- ~60
- Where it invests
- Australia, with some New Zealand companies.
- Income paid
- Half-yearly
- Currency hedged
- N/A — It holds Australian and a few New Zealand companies, largely priced in Australian dollars, so currency is a minor factor rather than a hedging decision.
Its character
A small-company fund: it holds businesses below the large-cap names most Australian funds focus on, picked for sound fundamentals at a reasonable price. The smaller end of the market behaves quite differently from the big banks and miners.
What to keep in mind
Smaller companies can grow quickly but tend to be more volatile and less easily traded than large ones, so this sits at the riskier end of Australian share funds. It changed its index and approach in late 2024, so older performance reflects a different strategy.
Income
Distributions can carry franking credits from the Australian companies it holds.
Figures last verified 2026-06-23against the issuer’s factsheet and PDS.