Australian shares
VLC
Vanguard MSCI Australian Large Companies Index ETF · Vanguard
Only the largest companies on the Australian share market — a concentrated slice of the biggest ASX names (the MSCI Australian Large Cap index).
What the fee costs you
The management fee is 0.2% a year. Here’s what that works out to in dollars:
A 0.2% yearly fee works out to about $20 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
- Vanguard
- Asset class
- Australian shares
- Number of holdings
- ~15
- Where it invests
- 100% Australia.
- Income paid
- Quarterly
- Currency hedged
- N/A — It holds Australian companies priced in Australian dollars, so there's no foreign-currency exposure to hedge.
Its character
A narrower take on the Australian market than a broad 200- or 300-company fund: it holds only the very largest names, so it leans even more heavily on the big banks and miners.
What to keep in mind
Concentrated in a small number of very large Australian companies, so it leans heavily on a few sectors (finance and resources) and rises and falls with the local market.
Income
As an all-Australian fund, distributions can carry franking credits from the franked dividends its companies pay.
Figures last verified 2026-06-19against the issuer’s factsheet and PDS.