GMVW
VanEck Geared Australian Equal Weight Fund (Hedge Fund)
GMVW
VanEck Geared Australian Equal Weight Fund (Hedge Fund)
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NAV$35.91
as at 26-Apr-24 -
Total Net Assets$7.18M
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Dividend Frequency2 each year
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Management fee (p.a.)0.35%*
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Number of securities76
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Inception Date27-Feb-24
Overview
Fund description
GMVW gives investors geared exposure to the VanEck Australian Equal Weight ETF (ASX: MVW).
Country of domicile: Australia
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. The key risks are outlined in the PDS.
Performance
Holdings & allocations
Dividends
Election of Dividend Reinvestment Plan (DRP)
You can elect DRP by logging into Link’s Investor Centre (https://investorcentre.linkmarketservices.com.au/Login). Once you are logged in, please proceed to the “Payments and Tax” tab and select “Reinvestment Update”.