VanEck Australian Equal Weight ETF (MVW) Review & Analysis
- −1.0% in September (total return), ahead of the median Australian shares ETF at −2.1%.
- Investors withdrew a net $21m (-0.6% of the fund).
- The unit price closed the month at $38.74, 5% below its 12-month high (range $35.79 to $40.66).
About MVW
MVW is VanEck's Australian Equal Weight ETF. It tracks the MVIS Australia Equal Weight Index, which holds around 75 of the largest ASX companies and gives each one roughly the same weight, resetting them every quarter. It is passive.
The equal weighting is the whole point. BHP or Commonwealth Bank make up no more of the fund than a mid-sized company such as Codan or Pro Medicus, so the big banks and miners have much less sway than in a regular index. That gives more weight to industrials, property and health care. Distributions are paid twice a year and are typically franked. The quarterly reset means the fund trims winners and tops up laggards. It can lag when the largest companies lead and do better when mid-sized companies catch up. There is no currency risk.
MVW may suit investors who are uneasy about the top heavy shape of the ASX, often used alongside a standard index fund. Alternatives include VAS, A200 and AQLT. See VAS vs MVW and A200 vs MVW.
MVW distributions and dividend dates
MVW pays distributions half-yearly, usually going ex-distribution in January and July, with payment about 20 days after the ex-date.
The latest distribution was $0.66 per unit (54% franked), ex-distribution on 1 July 2026 and paid on 27 July 2026. To receive it you need to own MVW before the ex-date.
Its distribution yield over the past 12 months is about 3.2%, with distributions around 70% franked. Distributions vary and past payments are not a guide to future ones.
From ASX announcements, updated nightly. See every ETF in the dividend calendar.
Compare MVW with
| Fee | 0.35% | 0.07% |
| 1 year | +0.8% | +2.2% |
| 5 yrs p.a. | +6.3% | +6.5% |
| Size | $3.3bn | $26.7bn |
| Fee | 0.35% | 0.04% |
| 1 year | +0.8% | +2.9% |
| 5 yrs p.a. | +6.3% | +6.9% |
| Size | $3.3bn | $11.1bn |
| Fee | 0.35% | 0.35% |
| 1 year | +0.8% | −5.9% |
| 5 yrs p.a. | +6.3% | – |
| Size | $3.3bn | $43m |
| Fee | 0.35% | 0.05% |
| 1 year | +0.8% | +2.6% |
| 5 yrs p.a. | +6.3% | +6.8% |
| Size | $3.3bn | $9.7bn |
MVW price by TradingView
| Stock Code | MVW |
|---|---|
| Fund Manager | VanEck |
| Asset Class | Australian shares |
| AUM | $3.3bn |
| MER (%) | 0.35% |
| Net flows (Sep) | −$21m |
| Last Price | $38.74 |
| 52-Week Range | $35.79 – $40.66 |
| Bid/Ask Spread | 0.04% |
| Listing Date | 06/03/2014 |
| Exchange | ASX |
| Index tracked | MVIS Australia Equal Weight Index |
| Issuer website | VanEck ↗ |
Performance (% return)
$10,000 invested…
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.
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