Displays share price activity. Volume = number of shares traded, Turnover = value of shares traded, VWAP = volume-weighted average price for the day, sourced from Morningstar.
Last (Price)
23.58
Change
▲ 0.18 (0.77)
Bid / Ask
23.57 - 23.60
Volume
50,824
Turnover
1,190,660
Open
23.40
Day Range
23.25 - 23.58
VWAP
23.43
Prev Close
23.40
Last Trade
06/11 3:59pm
Fund profile
Displays who issues the fund, how it is structured and invests, its Morningstar category and benchmark, size, headline costs and dates, sourced from Morningstar. Fund size counts every class of the fund; ETF net assets is this listing alone.
Fund size
$622.6M
NOV 2026
Total cost ratio
0.35%
per year
Distributions
Semi-Annually
Since inception
13.1 yrs
OCT 2013
Legal name
VanEck Australian Property ETF
Issuer
VanEck Investments Limited
Type
Exchange-Traded Fund
Structure
Open Ended Investment Company
Management style
Index fund
Morningstar category
Equity Australia Real Estate
Category index
S&P/ASX 300 A-REIT TR
Benchmark
MVIS Australia A-REITs GR AUD
ETF net assets
$622.6M
Units on issue
38.5M
Management fee
0.35% p.a.
Domicile
Australia
Base currency
AUD
ISIN
AU000000MVA4
Inception
14 OCT 2013
Listed
16 OCT 2013
Index provider
MarketVector Indexes
Objective and strategy
The Fund gives investors access to a portfolio of the largest and most liquid Australian Real Estate Investment Trusts (A-REITs) including industrial, commercial, retail and residential property segments.
Asset allocation · 30 SEP 2026
Displays how the fund is split between shares, bonds, cash and other assets, sourced from Morningstar.
US equity 0.00%Non-US equity 100.02%
Asset class
Net %
Long %
Short %
Equity
100.02
100.02
0.00
Bond
0.00
0.00
0.00
Cash
-0.02
0.00
0.02
Other
0.00
0.00
0.00
Sector exposure
Displays the share of the fund held in each sector, sourced from Morningstar.
Cyclical 100.00%Sensitive 0.00%Defensive 0.00%
Real Estate
100.00%
Basic Materials
0.00%
Consumer Cyclical
0.00%
Financial Services
0.00%
Communication Services
0.00%
Energy
0.00%
Industrials
0.00%
Technology
0.00%
Consumer Defensive
0.00%
Healthcare
0.00%
Utilities
0.00%
Region exposure
Displays the share of the fund held in each region, sourced from Morningstar.
Developed markets 100.00%Emerging markets 0.00%
Australasia
100.00%
North America
0.00%
Latin America
0.00%
United Kingdom
0.00%
Europe Developed
0.00%
Europe Emerging
0.00%
Africa / Middle East
0.00%
Japan
0.00%
Asia Developed
0.00%
Asia Emerging
0.00%
Country exposure
Displays the twelve countries the fund holds most of, sourced from Morningstar.
Australia
100.00%
Style box
Displays where the fund's shareholdings sit on Morningstar's style box: size (large, mid, small) down and investment style (value, blend, growth) across, sourced from Morningstar.
LargeMidSmallValueBlendGrowth
Style
Mid Value
Average moat
Minimal
Size score
177
SmallMidLarge
Value-growth score
83
ValueBlendGrowth
Economic moat
None 70%Narrow 30%Wide 0%
Market capitalisation
Displays the share of the fund's shareholdings in giant, large, mid, small and micro cap companies, sourced from Morningstar.
Giant
0.00%
Large
19.13%
Mid
78.29%
Small
2.58%
Micro
0.00%
Large 19%Mid 78%Small 3%
Average market cap
$8.91B
Number of holdings
13
Shares held
13
Portfolio statistics · 6 NOV 2026
Displays the valuation, yield, size, concentration and quality of the fund's shareholdings taken together (trailing twelve months), sourced from Morningstar.
Price / earnings
10.41
Price / book
1.00
Price / sales
6.70
Price / cash flow
14.13
Dividend yield
4.90%
Assets in top 10
89.26%
Return on equity
12.90%
Net margin
58.44%
Earnings growth (3 yr)
15.34%
Top holdings · top 10 = 89.15% of assets
Displays the fund's ten largest holdings and their weight in the portfolio, sourced from Morningstar.
Holding
% Weight
First bought
Market value
Currency
Units held
Sector
Country
Charter Hall Group CHC
10.88
OCT 2019
93.9M
AUD
4.6M
Real Estate
Australia
GPT Group GPT
10.52
OCT 2019
90.8M
AUD
18.6M
Real Estate
Australia
Mirvac Group MGR
10.08
OCT 2019
87.0M
AUD
46.6M
Real Estate
Australia
Scentre Group SCG
9.93
OCT 2019
85.6M
AUD
24.0M
Real Estate
Australia
Stockland Corp Ltd SGP
9.82
OCT 2019
84.7M
AUD
19.7M
Real Estate
Australia
Dexus DXS
9.81
JUL 2021
84.6M
AUD
14.7M
Real Estate
Australia
Vicinity Centres VCX
9.79
OCT 2019
84.4M
AUD
34.7M
Real Estate
Australia
Goodman Group GMG
9.64
OCT 2019
83.2M
AUD
3.1M
Real Estate
Australia
HomeCo Daily Needs REIT Units HDN
4.40
JUN 2022
37.9M
AUD
33.7M
Real Estate
Australia
Region Group RGN
4.29
OCT 2019
37.0M
AUD
16.0M
Real Estate
Australia
Trailing returns · 31 OCT 2026
Displays total returns after fees at net asset value, the return at the ASX market price, the return before fees, and where the fund ranks among funds in its Morningstar category, sourced from Morningstar.
Fund (NAV)Market price
1M
3.7
3M
-5.1
6M
-1.0
YTD
-5.0
1Y
-3.2
3Y
17.6
5Y
1.9
10Y
5.8
Period
Fund (NAV) %
Market price %
Before fees %
Rank in category
1 month
3.74
3.28
3.77
44 / 76
3 months
-5.06
-5.38
-4.98
4 / 76
6 months
-1.00
-0.98
-0.83
67 / 76
Year to date
-5.00
-5.73
-4.73
15 / 76
1 year
-3.18
-3.50
-2.84
4 / 76
3 years p.a.
17.61
17.56
18.02
13 / 74
5 years p.a.
1.86
1.75
2.22
26 / 69
10 years p.a.
5.76
5.72
6.13
20 / 66
Returns to 31 OCT 2026, periods of 3 years and longer annualised. Rank is the percentile in the Morningstar category at 30 SEP 2026 (1 = best) over the funds ranked.
Calendar year returns
Displays the total return after fees and the capital (price) return for each calendar year, with the fund's rank in its Morningstar category, sourced from Morningstar.
TotalCapital
2016
16.1
2017
5.6
2018
7.3
2019
20.5
2020
-5.3
2021
22.3
2022
-18.2
2023
13.4
2024
7.8
2025
23.5
Year
Total %
Capital %
Rank in category
2025
23.54
17.99
3 / 83
2024
7.81
3.30
95 / 86
2023
13.43
4.84
91 / 99
2022
-18.17
-20.92
18 / 101
2021
22.34
17.82
86 / 101
2020
-5.27
-9.79
64 / 115
2019
20.50
17.12
11 / 126
2018
7.34
1.85
1 / 129
2017
5.64
1.95
30 / 128
2016
16.07
8.94
12 / 131
2015
15.40
8.97
30 / 129
Financial year returns
Displays the total return after fees for each financial year to 30 June, sourced from Morningstar.
FY17
-3.5
FY18
12.3
FY19
26.6
FY20
-21.6
FY21
30.8
FY22
-11.0
FY23
7.3
FY24
7.3
FY25
22.6
FY26
0.6
Financial year
Total %
Financial year to date
-2.31
Year to 30 JUN 2026
0.64
Year to 30 JUN 2025
22.58
Year to 30 JUN 2024
7.34
Year to 30 JUN 2023
7.31
Year to 30 JUN 2022
-11.03
Year to 30 JUN 2021
30.85
Year to 30 JUN 2020
-21.65
Year to 30 JUN 2019
26.60
Year to 30 JUN 2018
12.29
Year to 30 JUN 2017
-3.49
Risk statistics · 31 OCT 2026
Displays how the fund has moved relative to its category index: alpha (return beyond the index), beta (sensitivity to it), R-squared (how much the index explains), volatility and risk-adjusted returns, sourced from Morningstar.
1 year
3 years
5 years
10 years
Alpha
-0.28
2.31
0.04
0.48
Beta
0.79
0.87
0.90
0.96
R-squared
84.02
86.19
91.98
95.37
Standard deviation
20.49
22.58
25.32
25.52
Sharpe ratio
-0.87
0.62
0.12
0.35
Sortino ratio
-1.02
0.86
-0.02
0.28
Tracking error
7.06
6.91
5.85
4.46
Information ratio
0.51
0.22
0.02
0.07
Upside capture %
72.21
88.78
87.66
95.00
Downside capture %
73.42
76.93
86.55
92.62
Maximum drawdown %
-15.16
-16.59
-25.36
-39.01
Measured against S&P/ASX 300 A-REIT TR with RBA Bank accepted Bills 90 Days as the risk-free rate, to 31 OCT 2026. Maximum drawdown is on gross returns at the latest quarter end.
Portfolio risk score
Displays Morningstar's Portfolio Risk Score for the fund's holdings, how closely the ETF tracks its index day to day, the estimated cost of holding it against the index, the cost of trading it at market size, and its best and worst quarters since inception, sourced from Morningstar.
Risk score
112.8
Cash 0
Global shares 100
Morningstar Portfolio Risk Score at 30 SEP 2026.
Tracking volatility
0.038
Est. holding cost %
0.385
Market impact cost %
0.190
Fees and costs
Displays the fund's ongoing costs as a percentage of assets per year: the PDS management fees and costs, performance fee and transaction costs that make up the total cost ratio (the RG 97 forward estimate, and what was charged last financial year), and the buy / sell spread, sourced from Morningstar.
Management fees and costs
0.35% p.a.
Performance fee costs
0.00% p.a.
Transaction costs
0.00% p.a.
Total cost ratio
0.35% p.a.
Total cost ratio (last FY)
0.35% p.a.
Performance fee
Yes
PDS dated
9 JUN 2026
Distributions
Displays the most recent distribution paid per unit and its key dates, sourced from Morningstar.
Latest distribution
0.7900
Ex Date
1 JUL 2026
Record Date
2 JUL 2026
Pay Date
27 JUL 2026
NAV at ex date
22.95
Paid this year
1.3300
Distributions by year
Displays the total distributions paid per unit in each calendar year, sourced from Morningstar.
2024
1.0
2023
1.1
2022
1.1
2021
1.1
2020
1.0
2019
1.0
2018
1.0
2017
1.0
2016
1.1
2015
1.0
Year
Per unit ($)
2024
0.9900
2023
1.0900
2022
1.0900
2021
1.0700
2020
0.9800
2019
0.9900
2018
1.0000
2017
1.0100
2016
1.0947
2015
0.9503
Distribution history
Displays the most recent distributions by ex date, sourced from Morningstar.
Ex Date
Per unit ($)
1 JUL 2026
0.7900
2 JAN 2026
0.5400
1 JUL 2025
0.4200
2 JAN 2025
0.5700
1 JUL 2024
0.5500
2 JAN 2024
0.5400
3 JUL 2023
0.5500
3 JAN 2023
0.5400
1 JUL 2022
0.5500
4 JAN 2022
0.5200
1 JUL 2021
0.4700
4 JAN 2021
0.5100
Sustainability rating · 31 AUG 2026
Displays the Morningstar Sustainability Rating (1 to 5 globes, more is better) and the portfolio ESG risk score behind it (lower is less risk), against the average of the fund's global category, sourced from Morningstar and Sustainalytics.
High
ESG risk score
11.42
NegligibleLowMediumHighSevere
Rank in category
8th percentile
Environmental risk
4.45
Social risk
2.90
Governance risk
3.58
Portfolio covered
100.0%
ESG risk of holdings
Displays the share of the covered portfolio held in companies with negligible, low, medium, high and severe ESG risk, sourced from Morningstar and Sustainalytics.
Negligible
31.54%
Low
68.46%
Medium
0.00%
High
0.00%
Severe
0.00%
0.00% of assets are in companies with high or severe controversies.
Carbon · 31 AUG 2026
Displays the portfolio carbon risk score (lower is less exposure to the transition to a low-carbon economy), the share of the portfolio in companies with fossil fuel revenue, and whether the fund earns Morningstar's Low Carbon Designation, sourced from Morningstar and Sustainalytics.
Carbon risk score
10.68
LowMediumHighSevere
Category average 10.18
Carbon risk
Medium Risk
Rank in category
88th percentile of 34 funds
Fossil fuel involvement
0.00%
Category average
0.30%
Low Carbon Designation
No
Portfolio covered
100.0%
Fund managers
Displays the people Morningstar lists as managers of the fund, sourced from Morningstar.
RCRussel Chesler
JHJamie Hannah
Tenure
Displays how long the managers have run the fund: the average and longest tenure, who has served longest, the latest appointment and how many other funds the team manages, sourced from Morningstar.
Number of managers
2
Average tenure
13.1 years
Longest tenure
13.1 years
Longest serving
Russel Chesler, Jamie Hannah · since 14 OCT 2013
Most recent appointment
Russel Chesler, Jamie Hannah · since 14 OCT 2013
Managed since
14 OCT 2013
Other funds managed
49
Displays all company announcements released by the company to the exchange, sourced from Morningstar.
Property stocks have caught our attention. On Friday, bond yields traded materially higher on a spike up in Oil prices prompting Aussie 3-year yields to increase by ~10bps. We flagged this at the time. In this scenario, the expectations would be for interest rate sensitive sectors like property to get sold off aggressively, yet that didn’t happen, implying the selling towards the sector has been exhausted. This week, those macro headwinds have eased and property stocks (and retailers for that matter) have rallied from near 52 week lows. We think both of these sectors offer very interesting value/yield opportunities at current levels. Today, we’ll focus on property.
The MVA ETF is a concentrated ASX-traded ETF providing exposure to Australia's listed property sector, spanning both A-REITs and property-related companies, including fund managers, offering slightly broader property ecosystem coverage than a pure REIT index fund. It only has 16 holdings with 5 positions above 10%. We believe it's performed strongly over the last three years, considering interest rates have risen - we went long in mid-2023, and our position in the Core ETF Portfolio MM is showing a healthy ~22% profit.
This MVA ETF gives comprehensive coverage to the ASX200 property sector, which, as would be expected, has struggled as credit markets changed their stance towards local interest rates into 2026. The reaction has been far tamer than with tech, which has also needed to deal with the ”AI Trade” being banished to the proverbial naughty corner. If hawkish fears fade with more soft data, like yesterday's employment numbers, we should see a recovery by Australian property stocks, but this may take time.
The US Real Estate Sector led equities higher overnight as pressure reduced on bond yields; the sector finished up +2.5% while the IT Sector actually closed lower. With investors struggling to justify the lofty valuations of many well-known stocks, the real estate names offer a degree of solace as they remain ~25% below their 2021 high, and interest rates looked to have peaked with the main question of when and how fast will the Fed cut as opposed to if they will cut.
The Real Estate Sector has already rallied over +25% from its late 2023 low as the market got ahead of the falling bond yields – remember, stocks usually lead. The “easy money” is in the rearview mirror but we wouldn’t be fighting further appreciation by the sector.
The rate-sensitive names have catapulted higher over recent weeks, with the Real Estate Sector already up +24% from its November low. While this group is already challenging our initial 1500 target area, we see further upside. However, the “easy money” is already in the rearview mirror, especially with bond yields having already reversed significantly lower.
The Real Estate Sector has endured tough times of late, the local sector is down close to 5% in 2023, while the US equivalent has plunged over -38% from its early 2022 high, less than two years ago. Post-Covid, we’ve seen some tremendous returns from battered sectors when the dial finally turned with Tech, Coal and Gold all coming to mind, we believe the Property Sector could be throwing its hat into the proverbial ring as the next candidate.
In March the ASX200 Property Accumulation Index undeformed the ASX200 by -6.6% leading to today’s question of whether enough is enough. At this stage of the cycle, we believe real estate is all about how bad things can get i.e. if a company is trading well below the value of its asserts by definition a significant degree of bad news is already built into the stock.
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