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VAS

$106.31-0.05%Australian Index86/100
Fund Page ↗

Vanguard Australian Shares Index ETF · Vanguard

Data as at 29 March 2026

TL;DR

Tracks Australia's 300 largest listed companies. The 100 companies beyond the ASX 200 add mid-cap exposure in sectors like technology and healthcare. Over $22 billion in assets makes it the largest ETF on the ASX.

MER (Annual Fee)
0.07%
#4 lowest in Australian Index
1Y Return
+10.2%
3Y Return (p.a.)
+9.6%
Dividend Yield
2.88%
Trailing 12 months
AUM
$24,233.5M
Assets under management
Avg Daily Turnover
$21.5M
Avg shares × unit price
Unit Price
$106.31
As at 29 March 2026
Provider
Vanguard
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Strategy

Covers all S&P/ASX 300 constituents by market capitalisation. The additional 100 mid-cap stocks represent about 7% of the total fund weight but include technology and healthcare businesses not present in ASX 200 funds.

Top Holdings

BHP
10.4%
CBA
7.9%
CSL
5.8%
NAB
4.0%
Westpac
3.5%
ANZ
3.9%
Wesfarmers
3.3%
Macquarie
2.6%
Goodman Group
2.3%
Telstra
2.0%
Key Fact

VAS holds 100 more companies than a standard ASX 200 fund. Those extra companies sit in the mid-cap range and include faster-growing businesses that have not yet grown large enough to enter the ASX 200.

Suited for

Long-term buy-and-hold investors who want the broadest single-fund Australian equity exposure. The S&P/ASX 300 benchmark is the most widely used measure of Australian sharemarket performance.

Risks

Despite 300 holdings, the top 10 stocks still drive roughly 45% of returns. Sector concentration in banks and resources remains high. Mid-caps add some volatility that ASX 200 funds avoid.

VAS Comparisons

ETFCheck Score86/100
Fees (40%)90
Fund Size (25%)99
Liquidity (20%)79
Yield (15%)64
How scores are calculated →
Other Australian Index ETFs
IOZ
0.05% MER
86
A200
0.04% MER
79
STW
0.05% MER
79
MVW
0.35% MER
63View all Australian Index ETFs →

Frequently Asked Questions - VAS

Why does VAS hold 300 stocks when most Australian ETFs only track 200?+
VAS tracks the S&P/ASX 300 index, giving investors exposure to 100 additional small-to-mid cap companies beyond the standard ASX 200 universe that rivals like IOZ, STW, and A200 cover. These extra holdings provide marginally broader diversification and exposure to emerging Australian companies before they enter the top 200. However, since the additional 100 stocks represent a tiny fraction of total market capitalisation, VAS's performance closely mirrors ASX 200 funds with only slight differences.
How significant are franking credits from VAS for SMSF investors in pension phase?+
VAS delivers some of the richest franking credits among ASX ETFs due to its heavy weighting toward fully-franked dividend payers like CBA, NAB, Westpac, ANZ, and BHP. With a trailing yield around 3.42%, the grossed-up yield with franking credits can exceed 4.8%. For SMSF members in pension phase, the ATO refunds excess franking credits as cash, making VAS particularly tax-effective and a cornerstone holding in many retirement-focused self-managed super fund portfolios.
Is VAS's $22 billion in assets actually an advantage over smaller Australian ETFs?+
VAS's position as Australia's largest ETF with over $22 billion in assets under management provides several structural advantages including exceptional on-market liquidity, consistently tight bid-ask spreads, and reduced risk of fund closure. Larger AUM also means fixed fund costs are spread across more investors, contributing to operational efficiency. For institutional investors and large SMSF portfolios executing significant trades, VAS's deep liquidity minimises market impact costs compared to smaller competing Australian equity ETFs.
Should I choose VAS at 0.07% MER or A200 at 0.04% for a core Australian allocation?+
The 0.03% MER difference costs just $30 annually per $100,000 invested, so the decision involves trade-offs beyond fees alone. VAS offers broader ASX 300 coverage, Vanguard's globally trusted brand, slightly higher historical yield at 3.42% versus A200's 3.04%, and unmatched AUM liquidity. A200 wins purely on cost and suits investors prioritising minimum fees. Many Australian investors hold both, but either serves excellently as a long-term core domestic equity holding within super or personal portfolios.