GMVW - VanEck Geared Australian Equal Weight Fund (Hedge Fund) | Australian Equities

GMVW

VanEck

Geared Australian

Equal Weight Fund

(Hedge Fund)

GMVW gives investors geared exposure to the VanEck Australian Equal Weight ETF (ASX: MVW).

31 January 2025

Benefits

Geared Australian equity strategy

An Australian equity strategy that combines investors' funds and borrowed funds to invest in the VanEck Australian Equal Weight ETF (MVW).

Simple and convenient

One trade diversified access on ASX that avoids the costs and complications of margin loans and CFDs, with no margin calls.

Enhanced return potential

The return potential, in both directions, is boosted by gearing.

Performance

Month End as at 31-Jan-25	1 Mth	3 Mths	6 Mths	1 Yr	3 Yrs p.a.	5 Yrs p.a.	Inception p.a.
Price return	9.78%	7.85%	12.07%	-- %	-- %	-- %	16.10%
Income return	0.00%	1.01%	1.04%	-- %	-- %	-- %	6.30%
Total return	9.78%	8.86%	13.11%	-- %	-- %	-- %	22.40%
Index (MVMVWTRG)	4.69%	4.90%	7.84%	14.80%	11.19%	7.90%	13.58%
S&P/ASX 200 Index	4.57%	5.11%	7.32%	15.17%	11.44%	7.97%	14.95%
Quarter End as at 31-Dec-24	1 Mth	3 Mths	6 Mths	1 Yr	3 Yrs p.a.	5 Yrs p.a.	Inception p.a.
Price return	-9.35%	-4.90%	10.51%	-- %	-- %	-- %	5.76%
Income return	0.85%	0.88%	1.02%	-- %	-- %	-- %	5.74%
Total return	-8.50%	-4.02%	11.53%	-- %	-- %	-- %	11.50%
Index (MVMVWTRG)	-3.59%	-0.94%	7.09%	9.62%	6.97%	7.75%	8.49%
S&P/ASX 200 Index	-3.15%	-0.80%	6.93%	11.44%	7.41%	8.06%	9.93%

The tables above show past performance of the ETF from 27 February 2024. Results are calculated to the last business day of the month and assume immediate reinvestment of dividends. ETF results are net of management fees and costs, but before brokerage fees or bid/ask spreads incurred when investors buy/sell on the ASX. Returns for periods longer than one year are annualised. Past performance is not a reliable indicator of current or future performance which may be lower or higher.

Key risks

An investment in the Fund carries risk. The Fund borrows money to increase the amount it can invest. While this can result in larger gains in a rising market, it can also magnify losses in a falling market. The greater the level of gearing in the Fund, the greater the potential loss of capital. The Fund is considered to have a higher investment risk than a comparable fund that is ungeared. Investors should actively monitor their investment as frequently as daily to ensure it continues to meet their investment objectives. See the VanEck Geared Australian Equal Weight Fund (Hedge Fund) PDS and TMD for more details.

Fund information

ASX code	GMVW
IRESS code	GMVW.AXW
Inception date	27 February 2024
Net Assets	$14.5M
Management fee*	0.35% p.a.
Dividend frequency	2 each year
Gearing ratio	54.40%

Fundamentals

Number of holdings	73
Price/Earnings ratio	22.01
Fwd Price/Earnings ratio	19.57
Price/Book ratio	2.02
Dividend yield	3.34%

The Fund charges a nil management fee. This is the indirect cost represented as a percentage of the gross asset value. If the average gearing level is 50%, the indirect cost will be 0.70% of the net asset value. Other fees and costs may apply. Please refer to the PDS.

Sector weightings (%)

Financials
18.1
Materials
17.2
Industrials
16.8
Real Estate
9.5
Health Care
8.5
Consumer Discretionary
5.7
Energy
5.5
Communication Services
5.3
Consumer Staples
5.3
Utilities
4.0
Information Technology
2.6
Other/Cash
1.5

Top ten fund holdings (weightings %)

COMPUTERSHARE LTD

1.78%
TELIX PHARMACEUTICALS LTD

1.70%
EVOLUTION MINING LTD

1.66%
PRO MEDICUS LTD

1.58%
SEVEN GROUP HOLDINGS LTD

1.56%
ARCADIUM LITHIUM PLC

1.54%
BLUESCOPE STEEL LTD

1.53%
DEXUS

1.51%
ARISTOCRAT LEISURE LTD

1.51%
VICINITY CENTRES

1.49%

About VanEck

For more than 60 years VanEck has delivered strategies for investors that provide unequalled access to markets, sectors and investment ideas. VanEck is one of the world’s largest issuers of ETFs, managing in excess of US$100 billion globally for individual and institutional investors. In Australia, VanEck is a pioneer of smart beta strategies and has more than 40 funds on ASX.

+61 2 8038 3300

info@vaneck.com.au

vaneck.com.au

VanEck-Australia

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Source: VanEck, FactSet.
Securities listed are not recommendations to buy or sell.
All figures are in Australian dollars unless stated otherwise.
Dividend Yield is the weighted average of each portfolio security’s distributed income during the prior twelve months.

VanEck Investments Limited (ACN 146 596 116 AFSL 416755) (VanEck) is the issuer and responsible entity of all VanEck exchange traded funds (Funds) trading on the ASX. This information is general in nature and not personal advice, it does not take into account any person’s financial objectives, situation or needs. The product disclosure statement (PDS) and the target market determination (TMD) for all Funds are available at vaneck.com.au. You should consider whether or not an investment in any Fund is appropriate for you. Investments in a Fund involve risks associated with financial markets. These risks vary depending on a Fund’s investment objective. Refer to the applicable PDS and TMD for more details on risks. Investment returns and capital are not guaranteed.