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MVR

$45.22+0.16%Energy & Resources51/100
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VanEck Australian Resources ETF · VanEck

Data as at 29 March 2026

TL;DR

Tracks Australian resources companies using equal weighting rather than market-cap weighting. BHP's weight drops from approximately 28% in OZR to approximately 5-7% in MVR.

MER (Annual Fee)
0.35%
#2 lowest in Energy & Resources
1Y Return
+41.7%
3Y Return (p.a.)
+10.4%
Dividend Yield
2.29%
Trailing 12 months
AUM
$656.4M
Assets under management
Avg Daily Turnover
$888K
Avg shares × unit price
Unit Price
$45.22
As at 29 March 2026
Provider
VanEck
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Strategy

Follows VanEck's MVIS equal-weight methodology applied to Australian resources companies. Quarterly rebalancing redistributes weight from the largest companies (BHP, Rio Tinto) to mid-tier miners.

Top Holdings

Key Fact

BHP represents approximately 28% of OZR. In MVR, BHP's weight is trimmed to roughly 5-7%. That redistribution of weight is the defining characteristic of the equal-weight approach to the Australian resources sector.

Suited for

Resources investors who want more exposure to mid-tier miners and specialty commodity producers, rather than concentrating primarily in BHP and Rio Tinto.

Risks

In a period when BHP and Rio Tinto outperform smaller miners — which is common during resources booms — MVR's equal weighting will lag OZR. Smaller miners are also individually more volatile than the major companies.

MVR Comparisons

ETFCheck Score51/100
Fees (40%)48
Fund Size (25%)41
Liquidity (20%)34
Yield (15%)100
How scores are calculated →
Other Energy & Resources ETFs
OZR
0.34% MER
49View all Energy & Resources ETFs →

Frequently Asked Questions - MVR

How does MVR's liquidity-weighted index methodology reduce concentration risk compared to OZR?+
MVR tracks the MVIS Australia Resources Index, which weights holdings by trading liquidity rather than pure market capitalisation. This approach naturally limits BHP and Rio Tinto's dominance, which sit at roughly 50% in OZR but are meaningfully lower in MVR. The result is greater exposure to mid-tier miners like South32, Mineral Resources, and Pilbara Minerals, giving Australian investors broader diversification across commodities including lithium, gold, and rare earths.
Why might MVR's 3.12% yield with franking credits appeal to SMSF investors in pension phase?+
MVR's 3.12% distribution yield, largely comprising franked dividends from Australian miners, creates valuable tax benefits for SMSF investors in pension phase who can claim full franking credit refunds. The diversified miner portfolio means dividend timing is spread across different reporting cycles, providing more consistent income flow than mega-cap concentrated funds. Combined with the 0.35% MER, MVR offers cost-effective franked income exposure to Australia's resources sector for retirement-focused portfolios.
What commodity price scenarios would cause MVR to significantly underperform or outperform the broader ASX 200?+
MVR would significantly outperform during broad-based commodity supercycles where iron ore, gold, lithium, and copper all rally simultaneously, as its diversified miner holdings capture gains across multiple resources. Conversely, MVR would underperform the ASX 200 during commodity downturns or if China's construction and manufacturing demand weakens substantially. Since MVR holds zero financials, healthcare, or technology stocks, it provides no defensive cushion when resource prices decline sharply.
Does MVR provide meaningful lithium and critical minerals exposure compared to dedicated battery metal ETFs?+
MVR includes lithium producers like Pilbara Minerals and IGO within its broader resources portfolio, but these represent relatively small allocations compared to dedicated battery metal ETFs. Investors wanting concentrated lithium and critical minerals exposure may need specialised funds alongside MVR. However, MVR's diversified approach means lithium downturns - like the 80% price crash seen in 2023 - have limited impact on overall fund performance, offering Australian investors a more balanced way to participate in the energy transition.