VanEck Small Companies Masters ETF
Performance
Total return to 23 Oct 2026, distributions reinvested, before franking. ASX figures are to 30 Sept 2026 and gross of franking, so they run higher for franked Australian funds.
What it costs to hold
Management fee plus trading costs, compared with similar funds.
A typical fund among Australian equity funds would cost $187 (0.37% a year), so MVS is $76 dearer.
Spread is the average gap between buying and selling prices on the ASX. Fees are shown on a flat balance, not compounded on growth. Excludes tax and any adviser or platform fees.
Calendar-year returns
Where the money is
Look-through exposure as at 3 Sept 2026 · 60 securities · top 10 = 24.5%
Country
Monthly returns
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.5 | −1.6 | −15.2 | 1.8 | 4.1 | 0.4 | −1.0 | 8.7 | −3.1 | −9.2 | −14.6YTD | ||
| 2025 | 3.5 | −2.9 | −3.7 | 1.9 | 6.0 | −1.7 | 4.8 | 9.3 | 1.4 | 2.6 | 0.6 | 0.9 | 24.2 |
| 2024 | 0.6 | 2.2 | 3.5 | −4.9 | −1.9 | 1.8 | 4.7 | −2.0 | 6.1 | −1.4 | −0.8 | −2.1 | 5.3 |
| 2023 | 5.3 | −4.3 | −3.5 | 3.5 | −2.9 | 1.7 | 3.9 | −0.6 | −3.5 | −6.0 | 7.3 | 7.8 | 7.9 |
| 2022 | −8.4 | 1.0 | 1.8 | −1.0 | −5.6 | −9.8 | 9.7 | −1.3 | −10.4 | 5.7 | 4.4 | −1.6 | −16.3 |
| 2021 | −1.7 | −0.6 | 3.4 | 5.6 | 0.0 | 3.4 | −0.5 | 6.2 | −2.7 | 2.0 | −2.4 | 4.5 | 17.9 |
| 2020 | 1.7 | −9.5 | −23.7 | 13.1 | 9.5 | −0.4 | 2.1 | 7.1 | −1.3 | 1.0 | 5.6 | 2.2 | 2.0 |
| 2019 | 3.7 | 7.1 | −0.9 | 5.5 | −2.3 | 1.3 | 4.3 | −2.5 | 1.8 | −1.5 | 2.5 | −1.8 | 17.8 |
| 2018 | −1.0 | 1.1 | −1.5 | 2.1 | 3.5 | 2.0 | −2.1 | 3.3 | −2.6 | −7.8 | −0.6 | −1.1 | −5.2 |
| 2017 | −2.8 | 2.5 | 4.2 | −0.7 | −2.5 | 2.2 | −0.7 | 1.0 | 0.4 | 5.6 | 3.7 | 1.2 | 14.7 |
| 2016 | −5.1 | 1.8 | 5.5 | 2.4 | 3.7 | −2.1 | 8.1 | −0.9 | 1.3 | −4.6 | −0.5 | 3.9 | 13.4 |
| 2015 | −9.3 | 3.2 | −4.9 | −0.7 | 6.1 | −0.6 | 3.6 | −3.5 |
Total return each month in %, distributions reinvested, before franking. The latest month runs to the last price date. The first year starts from listing.
Top holdings
Most similar funds
Overlap is the share of the portfolio held in common, look-through. Correlation is of daily returns. High overlap means close substitutes.
MVS questions answered
Written from the latest data on this page. General information only, not financial advice.
How diversified is VanEck Small Companies Masters ETF?
VanEck Small Companies Masters ETF holds 60 securities, and its ten largest positions make up 24.5% of the fund, more spread out than the 53.0% typical of Australian equity funds. That makes it moderately diversified.
Its country exposure is almost entirely Australia (100.0%), based on holdings as at 3 Sept 2026.
Which ETFs does MVS double up with most?
MVS shares the most holdings with Betashares Australian Small Companies Select ETF (SMLL) (35% overlap), SPDR S&P/ASX Small Ordinaries ETF (SSO) (28% overlap) and iShares S&P/ASX Small Ordinaries ETF (ISO) (27% overlap). Overlap is the share of the portfolio the two funds hold in common, looking through to the underlying securities.
None of these overlaps is above half, so pairing MVS with one of them adds some genuinely different holdings.
How is VanEck Small Companies Masters ETF managed – active or passive?
VanEck Small Companies Masters ETF is passively managed: it follows an index and holds what that index holds, rather than relying on a manager's stock picks. Its index uses a small-company approach, so it is sometimes called "smart beta".
Among Australian equity funds, active funds charge a median 0.85% a year and index funds 0.34%.
What will I pay in fees for MVS?
MVS charges a management fee of 0.49% a year, about $49 for every $10,000 invested. Only 42% of the 471 ASX ETFs we track charge more, and the median fee is 0.44%. Among Australian equity funds, the median is 0.35%.
Lower-cost funds with a similar focus include Vanguard MSCI Australian Small Companies Index ETF (VSO) at 0.30%, VanEck S&P/ASX MidCap ETF (MVE) at 0.45% and Betashares Australian Small Companies Select ETF (SMLL) at 0.39%.
If you would rather have a manager choose the investments, active options such as Firetrail Australian Small Companies Fund - Active ETF (FSML) at 0.85% and Spheria Australian Smaller Companies Fund - Active ETF (SPHX) at 1.10% cost more.
The fee is taken from the fund's assets and is already reflected in its returns. You'll also pay brokerage when you buy or sell, and the bid-ask spread, which has averaged 0.18% for MVS.
Does VanEck Small Companies Masters ETF follow a theme?
Not a theme as such, but it follows a small-company investment style: it focuses on companies below the largest by market size.
Other ASX funds using a small-company approach include Vanguard MSCI Australian Small Companies Index ETF (VSO), Vanguard MSCI International Small Companies Index ETF (VISM), iShares S&P Small-Cap ETF (IJR) and Dimensional Global Small Company - Active ETF (DGSM).
What is under the hood of MVS?
As at 3 Sept 2026, MVS's ten largest holdings are Tasmea Ltd (3.8%), Gr Engineering Services Ltd (2.5%), Dicker Data Ltd (2.5%), Bravura Solutions Ltd (2.4%), Metals X Ltd (2.3%), Srg Global Ltd (2.3%), Macmahon Holdings Ltd (2.3%), Zip Co Ltd (2.2%), Mcmillan Shakespeare Ltd (2.1%) and Vault Minerals Ltd (2.1%). Together they make up 24.5% of the fund.
Rather than simply weighting companies by market size, its index focuses on companies below the largest by market size.
How well has VanEck Small Companies Masters ETF performed?
Based on its category, VanEck Small Companies Masters ETF aims to grow your capital in line with the index it tracks.
To 23 Oct 2026, with distributions reinvested, it returned −13.9% over 1 year (median 0.6%; ranked 61 of 65), 8.2% a year over 3 years (median 11.6% a year; ranked 44 of 54) and 0.2% a year over 5 years (median 6.9% a year; ranked 44 of 48). The medians and rankings compare it with Australian equity funds. Since listing in 2015 it has returned 4.8% a year.
Tracking difference is the gap between a fund's return and its index's return. We don't hold index returns, so we can't measure it for MVS; the issuer reports it in the monthly fact sheet. As a guide, a well-run index fund trails its index by about its fee, here 0.49% a year, and a much bigger gap is a warning sign.
Past performance is not a reliable indicator of future performance.