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GMVWAU VanEck Geared Australian Equal Weight Complex ETF Please read important disclosure Close important disclosure false

    • GMVW
    VanEck Geared Australian Equal Weight Complex ETF

    GMVW
    VanEck Geared Australian Equal Weight Complex ETF

    • NAV
      $37.83

      as at 16-Feb-26
    • Total Net Assets
      $37.92M
    • Dividend Frequency
      2 each year
    • Management fee (p.a.)
      0.35%*
    • Number of securities
      76
    • Inception Date
      27-Feb-24
    *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.
    GMVW-Snapshot.webp

    Overview

    Fund description

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

    Key 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.

    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 Complex ETF PDS and TMD for more details.

      is likely to be appropriate for a consumer who is seeking capital preservation and a regular income distribution, is intending to use the product as a minor or satellite allocation within a portfolio, has an investment timeframe of at least 3 years, and has a medium risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth, is intending to use the product as a minor or satellite allocation within a portfolio, has an investment timeframe of at least 7 years, and has a very high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth, is intending to use the product as a minor or satellite allocation within a portfolio, has an investment timeframe of at least 5 years, and has a very high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth, is intending to use the product as a minor or satellite allocation within a portfolio, has an investment timeframe of at least 5 years, and has a high to very high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth and a regular income distribution, is intending to use the product as a minor or satellite allocation within a portfolio, has an investment timeframe of at least 5 years, and has a high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth and a regular income distribution, is intending to use the product as a minor or satellite allocation within a portfolio, has an investment timeframe of at least 5 years, and has a very high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth, is intending to use the product as a core, minor or satellite allocation within a portfolio, has an investment timeframe of at least 5 years, and has a high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth, is intending to use the product as a major, core, minor or satellite allocation within a portfolio, has an investment timeframe of at least 5 years, and has a high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital preservation and a regular income distribution, is intending to use the product as a core, minor or satellite allocation within a portfolio, has an investment timeframe of at least 3 years, and has a medium risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth and a regular income distribution, is intending to use the product as a core, minor or satellite allocation within a portfolio, has an investment timeframe of at least 7 years, and has an extremely high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth and a regular income distribution, is intending to use the product as a core, minor or satellite allocation within a portfolio, has an investment timeframe of at least 5 years, and has a high risk/return profile.
      is likely to be appropriate for a consumer who is seeking a regular income distribution, is intending to use the product as a minor or satellite allocation within a portfolio, has an investment timeframe of at least 5 years, and has a very high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth, is intending to use the product as a minor or satellite allocation within a portfolio, has no investment timeframe, and has a high or very high risk/return profile.
      is likely to be appropriate for a consumer who is seeking regular income distribution, is intending to use the product as a core, minor or satellite allocation within a portfolio, has an investment timeframe of at least 3 years, and has a medium risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth, is intending to use the product as a satellite allocation within a portfolio, has no minimum investment timeframe, and has an extremely high risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital growth and a regular income distribution, is intending to use the product as a minor or satellite allocation within a portfolio, has an investment timeframe of at least 3 years, and has a high risk/return profile.
      is likely to be appropriate for a consumer who is seeking a regular income distribution, is intending to use the product as a minor or satellite allocation within a portfolio, has an investment timeframe of at least 3 years, and has a medium risk/return profile.
      is likely to be appropriate for a consumer who is seeking capital preservation and a regular income distribution, is intending to use the product as a standalone solution or major, core, minor or satellite allocation within a portfolio, has no minimum investment timeframe, and has a low risk/return profile.

    Performance

    Holdings & allocations

    All holdings (%) as at 16-Feb-26 Download all holdings

    No. of holdings: 76
    Security name
    ASX code
    		 % of Fund net
    assets
    South32 Ltd S32 AU 1.69
    Evolution Mining Ltd EVN AU 1.65
    Lynas Rare Earths Ltd LYC AU 1.64
    Reece Ltd REH AU 1.58
    Bluescope Steel Ltd BSL AU 1.58
    Rio Tinto Ltd RIO AU 1.56
    Whitehaven Coal Ltd WHC AU 1.53
    Commonwealth Bank Of Australia CBA AU 1.53
    Agl Energy Ltd AGL AU 1.49
    Bhp Group Ltd BHP AU 1.49
    Anz Group Holdings Ltd ANZ AU 1.48
    Macquarie Group Ltd MQG AU 1.48
    Als Ltd ALQ AU 1.47
    National Australia Bank Ltd NAB AU 1.47
    Orica Ltd ORI AU 1.44
    Wesfarmers Ltd WES AU 1.44
    Bank Of Queensland Ltd BOQ AU 1.43
    Bendigo & Adelaide Bank Ltd BEN AU 1.43
    Aurizon Holdings Ltd AZJ AU 1.43
    Woolworths Group Ltd WOW AU 1.43
    Qantas Airways Ltd QAN AU 1.42
    Perseus Mining Ltd PRU AU 1.42
    Westpac Banking Corp WBC AU 1.42
    Qube Holdings Ltd QUB AU 1.41
    Goodman Group GMG AU 1.40
    Santos Ltd STO AU 1.40
    Sigma Healthcare Ltd SIG AU 1.40
    Northern Star Resources Ltd NST AU 1.39
    Endeavour Group Ltd/Australia EDV AU 1.39
    Seven Group Holdings Ltd SGH AU 1.39
    Washington H Soul Pattinson & Co Ltd SOL AU 1.39
    Ramsay Health Care Ltd RHC AU 1.38
    Woodside Energy Group Ltd WDS AU 1.38
    Vicinity Centres VCX AU 1.38
    Brambles Ltd BXB AU 1.36
    Origin Energy Ltd ORG AU 1.36
    Worley Ltd WOR AU 1.35
    Pilbara Minerals Ltd PLS AU 1.35
    Nextdc Ltd NXT AU 1.35
    Qbe Insurance Group Ltd QBE AU 1.35
    Dyno Nobel Ltd DNL AU 1.34
    Telstra Group Ltd TLS AU 1.33
    Coles Group Ltd COL AU 1.33
    Apa Group APA AU 1.32
    Mineral Resources Ltd MIN AU 1.32
    Lottery Corp Ltd/The TLC AU 1.29
    Medibank Pvt Ltd MPL AU 1.27
    Mirvac Group MGR AU 1.27
    Transurban Group TCL AU 1.26
    Atlas Arteria Ltd ALX AU 1.26
    Scentre Group SCG AU 1.26
    Asx Ltd ASX AU 1.25
    Gpt Group/The GPT AU 1.24
    Suncorp Group Ltd SUN AU 1.24
    Sonic Healthcare Ltd SHL AU 1.23
    Charter Hall Group CHC AU 1.22
    Computershare Ltd CPU AU 1.21
    Cleanaway Waste Management Ltd CWY AU 1.21
    Stockland SGP AU 1.20
    Jb Hi-Fi Ltd JBH AU 1.20
    Ampol Ltd ALD AU 1.18
    Dexus DXS AU 1.18
    Treasury Wine Estates Ltd TWE AU 1.18
    Fortescue Metals Group Ltd FMG AU 1.18
    Insurance Australia Group Ltd IAG AU 1.17
    Aristocrat Leisure Ltd ALL AU 1.13
    Steadfast Group Ltd SDF AU 1.13
    Rea Group Ltd REA AU 1.13
    Csl Ltd CSL AU 1.10
    Carsales.Com Ltd CAR AU 1.07
    Cochlear Ltd COH AU 1.01
    Technology One Ltd TNE AU 1.00
    Seek Ltd SEK AU 0.96
    Wisetech Global Ltd WTC AU 0.87
    Telix Pharmaceuticals Ltd TLX AU 0.81
    Pro Medicus Ltd PME AU 0.65
    Other/Cash -- 0.05
    Total 100.00
    These are not recommendations to buy or to sell any security.
    Holdings: Holdings data shows the direct investments of the VanEck Australian Equal Weight ETF (MVW), the underlying fund into which GMVW primarily invests to obtain its exposure. The percentage holdings of MVW and GMVW may vary slightly because of the cash and gearing present in GMVW.

    Dividends

    Election of Dividend Reinvestment Plan (DRP)

    You can elect DRP by logging into MUFG’s Investor Centre. Once you are logged in, please proceed to the “Payments and Tax” tab and select “Reinvestment Update”.

    Documents & insights

    GMVWAU /blog/australian-equity/
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