SMID Moat ETF
VanEck Morningstar US SMID Moat UCITS ETF
SMID Moat ETF
VanEck Morningstar US SMID Moat UCITS ETF
Fund Description
VanEck Morningstar SMID Moat UCITS ETF invests in small- and mid-cap companies with sustainable competitive advantages and attractive valuations according to Morningstar's equity research team.
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NAV$20.83
as of 08 May 2024 -
Performance since inception5.25%
as of 08 May 2024 -
Total Net Assets$6.2 million
as of 08 May 2024 -
Total Expense Ratio0.49%
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Inception Date12 Jan 2024
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SFDR ClassificationArticle 6
Overview
Fund Description
VanEck Morningstar SMID Moat UCITS ETF invests in small- and mid-cap companies with sustainable competitive advantages and attractive valuations according to Morningstar's equity research team.
- U.S. small- and mid-cap companies with long-term competitive advantages
- Targets companies trading at attractive prices
- Powered by Morningstar’s rigorous and forward-looking equity research
Risk Factors: Equity market risk, risk of investing in smaller companies. Please refer to the
and the Prospectus for other important information before investing.
Underlying Index
Morningstar®US Small-Mid Cap Moat Focus Index™ (MSUMMFNU)
Fund Highlights
- U.S. small- and mid-cap companies with long-term competitive advantages
- Targets companies trading at attractive prices
- Powered by Morningstar’s rigorous and forward-looking equity research
Risk Factors: Equity market risk, risk of investing in smaller companies. Please refer to the
and the Prospectus for other important information before investing.
Underlying Index
Morningstar®US Small-Mid Cap Moat Focus Index™ (MSUMMFNU)
Performance
Holdings
Portfolio
Literature
Index
Index Description
Morningstar® US Small-Mid Cap Moat Focus Index™ targets small- and mid-cap stocks with durable competitive advantages and attractive valuations, based on the forward-looking insights from Morningstar's equity research team.
Index Key Points
Underlying Index
Morningstar® US Small-Mid Cap Moat Focus IndexTM
Index composition
Companies eligible for inclusion in the Index
- Derived from Morningstar® US Small-Mid Cap IndexSM (Parent Index)
- Assigned an Economic Moat rating of wide by Morningstar’s equity research team
- Assigned an Economic Moat rating of wide or narrow by Morningstar’s equity research team
- Assigned a fair value estimate by Morningstar's equity research team
Methodology highlights
- Staggered reconstitution:
Index is divided into two equally-weighted sub-portfolios, and each is reconstituted and rebalanced semi-annually on alternating quarters - Each sub-portfolio contains 75 equally-weighted securities at its semiannual reconstitution and weights varies with market prices until the next reconstitution date.
Each sub-portfolio is reweighted to 50% of the total index every six months. - Buffer rule:
At each review, current index constituents ranked within the top 150% of the eligible universe based on current market price/fair value ratio are given preference for inclusion - Sector cap: The greater of 40% or corresponding weight in Parent Index + 10%
- Momentum screen : The Bottom 20% of eligible companies are excluded based on trailing 12-month price return
Index Provider
Morningstar Inc.