VanEck MSCI International Value (AUD Hedged) ETF (HVLU) Review & Analysis
MER · Top 50%AUM · Top 50%1Y Return · Top 10%
What's new this monthData to 30 September 2026
−1.8% in September (total return), behind the median international shares ETF at +0.0%.
Investors added a net $6.3m (4.0% of the fund).
The unit price closed the month at $42.12, 13% below its 12-month high (range $29.88 to $48.60).
About HVLU
HVLU is an international shares ETF from VanEck, listed on the ASX since November 2023. With $164m under management it is number 115 of 254 international shares ETFs by size. The management fee is 0.43% a year, about $43 on every $10,000 invested, cheaper than the typical international shares ETF at 0.55%.
Its largest holdings are Micron Technology Inc, Salesforce Inc and Accenture PLC, and the top 10 make up 22% of the fund. By sector it leans towards information technology (31%) and financials (15%). United States is the biggest country exposure at 48%.
Over the past year it returned +57.8%, against +10.4% for the median international shares ETF.
HVLU distributions and dividend dates
HVLU pays distributions yearly, usually going ex-distribution in July, with payment about 28 days after the ex-date. (Pattern estimated from recent payments.)
The latest distribution was $7.18 per unit (0% franked), ex-distribution on 1 July 2026 and paid on 29 July 2026. To receive it you need to own HVLU before the ex-date.
Its distribution yield over the past 12 months is about 17.1%. Distributions vary and past payments are not a guide to future ones.
From ASX announcements, updated nightly. See every ETF in the dividend calendar.
Value at 30 September 2026 with distributions reinvested, before tax and brokerage.
Total returns including distributions, to 30 September 2026. 1M, 1Y, 3Y and 5Y bars are cumulative.
HVLU at a glance: strengths and things to watch
👍 Strengths
Money is flowing in. Investors added a net $6.3m in September (4% of the fund).
⚠️ Things to watch
Short track record. Listed in November 2023, so it hasn't been tested through a full market cycle.
Worked out from HVLU's fees, size, flows, returns and trend against the 257 international shares ETFs in Australia, to 30 September 2026. General information, not a recommendation.
HVLU's moving averages are tangled and the price is moving sideways. The trend hasn't picked a direction yet.
Why it matters: Bases are where the next big move starts. A breakout can begin a new uptrend, while a breakdown can start a long fall. Buying a satellite before the breakout often means waiting months for nothing to happen.
At ETF Adviser the core of a portfolio stays invested through every stage, and satellite ETFs are only bought in an uptrend. Members get a weekly update on which ETFs are breaking out of a base and which trends have broken.
HVLU weekly price, past 12 months, shaded by trend stage. Stage as at 7 November 2026, updated weekly. A technical label, not a recommendation.
HVLU vs its benchmark
How HVLU has done against the MSCI World ex Australia Enhanced Value Top 250 Select Index (AUD hedged), after fees. For an index fund, a small shortfall roughly the size of the fee is normal.
Holdings from the issuer's published portfolio as at 30 October 2026. Breakdowns are based on the largest 249 positions, covering 100% of the fund. Compare HVLU's holdings with other ETFs →
Best-endeavours estimate. Built from each issuer's published holdings, which may be weeks or months old, may cover only part of a fund (some publish only their top 10) and are matched by company name. Figures may be incomplete or inaccurate. Check the issuer's website and PDS before relying on them. General information only.
Same holdings is the share of HVLU's money in companies the other ETF also holds, weighted by size. Most similar first, then ETFs in the same category. See every ETF like HVLU →
HVLU vs its closest alternatives
What actually differs between HVLU and the ETFs most like it. Data to 30 Sep 2026.
HVLU charges a management fee (MER) of 0.43% a year, according to the TMX Australia monthly funds report as at 30 September 2026.
How big is HVLU?
HVLU had $164m in funds under management as at 30 September 2026.
How has HVLU performed?
HVLU returned +57.8% over the year to 30 September 2026 (total return, including distributions). Past performance is not a reliable indicator of future performance.
Who manages HVLU?
HVLU is managed by VanEck and has been listed since November 2023.
Is HVLU franked?
Generally no. HVLU invests outside Australia, so its distributions carry little or no franking credits. Franking comes from Australian companies that have paid tax here.
What does HVLU hold?
HVLU's largest holdings are Micron Technology Inc (4.0%), Salesforce Inc (2.9%), Accenture PLC (2.5%), Toyota Motor Corp (2.1%), Verizon Communications Inc (2.0%). It holds about 249 investments in total. The biggest sector is information technology at 30%. Holdings as at 30 October 2026.
Is HVLU currency hedged?
Yes. HVLU is currency hedged, so changes in the Australian dollar have little effect on its returns. You get the return of the underlying investments in their local currency, less a small cost of hedging.
Is there a cheaper alternative to HVLU?
Yes. VLUE (VanEck MSCI International Value ETF) holds about 100% of the same companies and charges 0.40% a year, against 0.43% for HVLU. Note that VLUE is not currency hedged, so its returns will differ when the Australian dollar moves. Check the index and size before switching, and remember selling may trigger capital gains tax.
Disclaimer
This review is general information only and does not take into account your objectives, financial situation or needs. Consider the VanEck product disclosure statement (PDS) and target market determination (TMD) before investing. Past performance is not a reliable indicator of future performance.
etf