VanEck Blog & Insights

VanEck Vectors Small Companies Masters ETF MVS

Fund description: The VanEck Vectors Small Companies Masters ETF (MVS) invests in a diversified portfolio of ASX-listed small companies with the aim of providing investment returns (before management costs) that closely track the returns of the MVIS Australia Small-Cap Dividend Payers Index (MVMVSTRG).

Index description: MVMVSTRG is a pure play rules based Australian sector index that tracks the performance of the most liquid dividend paying small cap local or offshore ASX listed companies which generate at least 50% of their revenues or assets from Australia.

Management style: Replication

 as at 23-Jul-19

  • Exchange

    ASX
  • ASX code

    MVS
  • Bloomberg index code

    MVMVSTRG
  • Index provider

    MV Index Solutions
  • NAV

    $21.11
  • Units outstanding

    2,885,914
  • Net assets

    $60.9M
  • Number of holdings

    83
  • Inception date1

    26-May-15
  • ASX commencement

    28-May-15
1The date the ETF was seeded prior to trading on ASX.

Key points

Underlying index:
MVIS Australia Small-Cap Dividend Payers Index (MVMVSTRG)

The Index comprises:
MVMVSTRG covers companies ranking between 90% and 98% of the free-float market capitalisation of the investable universe. Individual Index components are determined using a stringent rules-based methodology focusing on liquidity, with a minimum 25 holdings and maximum weighting of 8%.

The investable universe includes dividend paying local companies that are incorporated in Australia with an ASX listing as well as offshore companies that are incorporated outside of Australia but have an ASX listing and generate at least 50% of their revenues (or, where applicable, have at least 50% of their assets) in Australia.

Companies eligible for inclusion in Index:  

  • Market cap exceeding US$50 million
  • Three-month average-daily-trading volume of at least US$1 million 
  • At least 250,000 securities traded per month
  • Did not omit their last dividend payment

 

Index provider:

MVMVSTRG is the exclusive property of MVIS. MVIS makes no representation regarding the advisability of investing in MVS. MVIS has contracted with Solactive AG (‘Solactive’) to maintain and calculate the Index. Solactive uses its best efforts to ensure that the Index is calculated correctly. Irrespective of its obligations towards MVIS, Solactive has no obligation to point out errors in the Index to third parties. The PDS contains a more detailed description of the limited relationship MVIS and Solactive have with MVS and VanEck.

MV Index Solutions

Index profile  

  • Bloomberg index code

    MVMVSTRG
  • Base date

    23-Mar-15

Top ten index constituents (%) Download all daily index constituents as at 30-Jun-19

Total constituents: 82
Constituent name
ASX code
Weightings (%)
APPEN LTD
APX AU
3.72
STEADFAST GROUP LTD
SDF AU
3.43
OZ MINERALS LTD
OZL AU
3.35
REGIS RESOURCES LTD
RRL AU
3.10
NINE ENTERTAINMENT CO HOLDIN
NEC AU
2.51
SHOPPING CENTRES AUSTRALASIA
SCP AU
2.43
ST BARBARA LTD
SBM AU
2.40
WEBJET LTD
WEB AU
2.33
CROMWELL PROPERTY GROUP
CMW AU
2.30
BWP TRUST
BWP AU
2.16
Top ten total (%) 27.73
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Index country weightings (%) as of 30-Jun-19

  • Country

    Weightings (%)
  • AUSTRALIA

    99.8
  • NEW ZEALAND

    0.2
  • OTHERS

    0.0
  • Total

    100.0

Index sector weightings (%) as at 30-Jun-19

  • Sector

    Weightings (%)
  • Consumer Discretionary

    18.3
  • Real Estate

    16.9
  • Materials

    16.1
  • Financials

    13.3
  • Industrials

    9.6
  • Information Technology

    9.2
  • Consumer Staples

    6.8
  • Communication Services

    5.3
  • Health Care

    4.4
  • OTHERS

    0.0
  • Total

    99.9