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OZR

$16.25+0.18%Energy & Resources49/100
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SPDR S&P/ASX 200 Resources Fund · State Street

Data as at 29 March 2026

TL;DR

Tracks Australian resources companies in the ASX 200 — BHP, Rio Tinto, Woodside, Fortescue, and the other mining and energy companies that drive Australia's export economy.

MER (Annual Fee)
0.34%
#1 lowest in Energy & Resources
1Y Return
+39.0%
3Y Return (p.a.)
+9.1%
Dividend Yield
2.19%
Trailing 12 months
AUM
$266.1M
Assets under management
Avg Daily Turnover
$529K
Avg shares × unit price
Unit Price
$16.25
As at 29 March 2026
Provider
State Street
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Strategy

Managed by State Street (SPDR). Tracks the S&P/ASX 200 Resources sector index covering mining (iron ore, copper, gold, coal) and energy (oil, gas, LNG) companies listed on the ASX.

Top Holdings

Key Fact

Australia's resources exports — iron ore, coal, LNG, and gold — represent approximately 60% of total Australian export value. OZR is a proxy for global demand for Australian commodities, with Chinese industrial activity as the primary swing factor.

Suited for

Investors who want specific Australian resources exposure, or who want to overweight the resources sector within an ASX equity portfolio.

Risks

Australian resources companies are highly exposed to Chinese demand, particularly iron ore prices. A slowdown in Chinese steel production significantly impacts BHP and Fortescue, which together represent approximately 37% of the fund.

OZR Comparisons

ETFCheck Score49/100
Fees (40%)49
Fund Size (25%)27
Liquidity (20%)44
Yield (15%)96
How scores are calculated →
Other Energy & Resources ETFs
MVR
0.35% MER
51View all Energy & Resources ETFs →

Frequently Asked Questions - OZR

Is OZR essentially a leveraged bet on iron ore given BHP and Rio Tinto make up around 50% of the fund?+
Yes, with BHP and Rio Tinto comprising roughly 50% of OZR's portfolio, the fund's performance is heavily tied to iron ore and copper prices, which dominate these miners' earnings. This concentration means OZR can behave more like a commodity position than a diversified equity holding. Australian investors wanting broader resources exposure with less mega-cap dominance should compare OZR against VanEck's MVR, which uses liquidity-weighting to limit single-stock concentration.
How do OZR's franking credits and dividend yield compare to MVR for income-focused SMSF investors?+
OZR offers a 2.85% yield compared to MVR's 3.12%, with both funds distributing substantially franked dividends thanks to their heavy Australian miner holdings. BHP and Rio Tinto typically pay fully franked dividends, so OZR's concentration in these names can deliver strong franking credit benefits for SMSF investors in pension phase. However, MVR's slightly higher yield reflects its broader mid-tier miner exposure, which can generate additional franked income streams beyond the two mega-caps.
What is the key structural difference between OZR and MVR and when would each outperform?+
OZR tracks the S&P/ASX 200 Resources index using market-cap weighting, concentrating heavily in BHP and Rio Tinto, while MVR uses liquidity-weighted methodology that spreads allocation more evenly across mid-tier miners. OZR tends to outperform when iron ore prices surge and mega-cap miners rally, as shown by its 18.4% versus MVR's 16.8% one-year return. MVR typically outperforms during broader commodity booms where lithium, gold, and smaller miners lead the market.
How does OZR's 0.34% MER stack up for a sector-specific Australian resources ETF?+
OZR's 0.34% MER is competitive and marginally cheaper than MVR's 0.35%, making cost differences negligible between the two main ASX-listed resources ETFs. For a sector fund providing targeted commodity exposure, this fee is reasonable compared to active resources funds that typically charge 0.80-1.20%. The more important decision for Australian investors is whether they prefer OZR's BHP/Rio-heavy mega-cap concentration or MVR's more diversified approach across the resources sector.