Australian shares
MVW
VanEck Australian Equal Weight ETF · VanEck
Around 75 of the largest Australian companies, but with each one held at roughly the same weight rather than sized by how big it is.
What the fee costs you
The management fee is 0.35% a year. Here’s what that works out to in dollars:
A 0.35% yearly fee works out to about $35 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
- ~75
- Where it invests
- 100% Australia.
- Income paid
- Half-yearly
- Currency hedged
- N/A — It holds Australian companies priced in Australian dollars, so there's no foreign-currency exposure to hedge.
Its character
An 'equal weight' twist on the Australian market: a small company counts as much as a giant bank. That deliberately reduces the usual heavy lean on the big four banks and BHP, and spreads the bet more evenly across sectors.
What to keep in mind
Still all-Australian, so it rises and falls with the local market — but its equal weighting gives smaller and mid-sized companies more influence than a standard fund, which can make it behave quite differently at times.
Income
Distributions can carry franking credits, since it holds Australian companies that pay franked dividends.
How this fund relates to others
Holds many of the same large Australian companies as VAS and A200, but at roughly equal weights, so the holdings overlap while the proportions differ sharply (it leans far less on the big four banks).
Figures last verified 2026-06-12against the issuer’s factsheet and PDS.