GMVW

VanEck Geared Australian Equal Weight Complex ETF

About this ETF

GMVW combines investor application money with borrowed funds and invests in the VanEck Australian Equal Weight ETF (MVW).

IssuerVanEck

Management fee (MER)0.35% p.a.

Inception date29 Feb 2024

Scout Score

73/100

Ranked #3 of 14 in Geared

An independent score calculated by ETF Scout across 7 real-data factors (cost, diversification, tracking, liquidity, fund strength, performance, income), ranked against other funds in the same category.

Cost92

Diversification100

Tracking75

Liquidity58

Fund Strength45

Performance18

Income77

Strengths

Well diversified — top holdings are 15.5% of the fund, less concentrated than 100% of Geared peers.
Low fee — 0.35% p.a., cheaper than 92% of Geared funds.
Attractive yield — 0.00%, higher than 77% of Geared peers.

Weaknesses

Weak long-term return — -2.1% p.a. (blended), trails 82% of rated Geared peers.

⚠ Geared fund — higher risk

This is a geared (leveraged) fund. It borrows to amplify returns from its underlying exposure — gains and losses are both magnified compared to an unleveraged fund, and losses can compound quickly in falling or volatile markets. Not suitable for a typical long-term buy-and-hold portfolio without understanding this risk.

Performance (as of 31 Oct 2026)

Total returns, net of fees. Periods longer than 1 year are annualised.

1 Month+2.72%

3 Months+1.99%

YTD+4.25%

1 Year-2.10%

Price history

Cumulative return over the selected period, indexed to 0% at the start of the range.

Geographic exposure (as at 4 Nov 2026)

Country (where the company is based).

Australia

98.56%

United States

1.38%

Sector breakdown (as at 4 Nov 2026)

How your portfolio's holdings are spread across GICS sectors.

Financials

20.11%

Materials

17.81%

Industrials

12.37%

Real Estate

11.23%

Health Care

8.47%

Consumer Discretionary

5.80%

Communication Services

5.51%

Information Technology

5.44%

Energy

4.98%

Utilities

4.17%

Consumer Staples

4.05%

Top holdings (as of 4 Nov 2026)

The fund's largest individual holdings, ranked by portfolio weight.