DURAVanEck Morningstar Durable Dividend ETF
Fund Description
VanEck Morningstar Durable Dividend ETF (DURA®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Morningstar® US Dividend Valuation IndexSM (MSUSDVTU), which is intended to track the overall performance of high dividend yielding U.S. companies with strong financial health and attractive valuations according to Morningstar.
-
Fund Ticker
DURA -
Exchange
Cboe -
Inception Date
10/30/2018 -
ETF Structure
Physical -
Administrator
Van Eck Associates -
Index Ticker
MSUSDVTU -
Index Reconstitution
Semi-Annually
as of 07/01/22
-
30-Day SEC Yield
3.08% -
Total Net Assets
$77.3M -
Number of Holdings
81 -
Options
No -
Gross Expense Ratio2
0.29% -
Net Expense Ratio/TER2
0.29% -
Distribution Frequency
Quarterly -
Next Distribution Date
09/30/2022
Key Points
-
High Dividend Yield Potential
Index targets high yielding U.S. equities
-
Focus on Valuations
Index allocates to those companies trading at the lowest prices relative to Morningstar’s estimate of fair value
-
Strong Financial Health
Index components feature strong balance sheet health relative to peers
Yield
as of 07/01/22
-
30-Day SEC Yield1
3.08% -
Distribution Yield1
2.61% -
12-Month Yield1
3.79%
Fees and Expenses2
-
Management Fee
0.29% -
Other Expenses
-- -
Acquired Fund Fees and Expenses
-- -
Gross Expense Ratio
0.29% -
Fee Waivers and
--
Expense Reimbursement -
Net Expense Ratio/TER2
0.29%
2'Van Eck Associates Corporation (the “Adviser”) will pay all expenses of the Fund, except for the fee payment under the investment management agreement, acquired fund fees and expenses, interest expense, offering costs, trading expenses, taxes and extraordinary expenses. Notwithstanding the foregoing, the Adviser has agreed to pay the offering costs until at least February 1, 2023.'
Trading Information
-
Fund Ticker
DURA -
Index Total Return Ticker
MSUSDVTU -
NAV
DURANV -
Intraday NAV (IIV)4
DURAIV -
Shares Outstanding
2,550,000 -
Estimated Cash
DURAEU -
Total Cash
DURATC -
CUSIP
92189H102 -
ISIN
US92189H1023
Investment Professionals
Peter Liao, CFA
- Portfolio Manager and Head of Equity ETFs
- Oversees the Equity ETF Investment Management Team including development and management of index replication and optimization strategies
- Joined VanEck in 2005
- CFA charterholder; member of the CFA Society New York
- BA, Mathematics and Economics, New York University
Guo Hua (Jason) Jin
- Portfolio Manager and Analyst for Equity ETFs
- Joined VanEck in 2007
- Prior to his current role, held a portfolio administration position at VanEck
- Previously, Portfolio Analyst at Evaluation Associates
- BS, Business Administration (concentration in Financial Analysis), State University of New York at Buffalo
Griffin Driscoll
- Analyst for Equity ETFs
- Joined VanEck in 2018
- Prior to joining VanEck, ETF Basket Operations Analyst at JPMorgan
- BS, Finance, Providence College
Ralph Lasta
- Analyst for Equity ETFs
- Joined VanEck in 2019
- Prior to VanEck, Intermediate Representative, Exchange Traded Funds at BNY Mellon.
- BS, Accounting, Hunter College
Performance History: Average Annual Total Returns* (%)
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR |
LIFE 10/30/18 |
|
---|---|---|---|---|---|---|---|---|
DURA (NAV) | 2.86 | 2.97 | 1.07 | 6.65 | 10.91 | -- | -- | 10.35 |
DURA (Share Price) | 3.13 | 3.15 | 1.26 | 6.80 | 10.97 | -- | -- | 10.42 |
MSUSDVTU (Index)** | 2.88 | 3.06 | 1.21 | 6.98 | 11.22 | -- | -- | 10.66 |
Performance Differential (NAV - Index) | -0.02 | -0.09 | -0.14 | -0.33 | -0.31 | -- | -- | -0.31 |
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR |
LIFE 10/30/18 |
|
---|---|---|---|---|---|---|---|---|
DURA (NAV) | 3.15 | 1.26 | 1.26 | 11.00 | 9.74 | -- | -- | 10.94 |
DURA (Share Price) | 3.33 | 1.43 | 1.43 | 11.07 | 9.82 | -- | -- | 11.02 |
MSUSDVTU (Index)** | 3.20 | 1.34 | 1.34 | 11.35 | 10.06 | -- | -- | 11.25 |
Performance Differential (NAV - Index) | -0.05 | -0.08 | -0.08 | -0.35 | -0.32 | -- | -- | -0.31 |
Top 10 Holdings (%) as of 05/31/22 Daily Holdings
to view
full data
Holding Name |
Ticker
|
Shares
|
Market Value (US$) |
% of Net Assets |
---|---|---|---|---|
Philip Morris International Inc |
PM US |
31,886 |
3,387,888 | 5.13 |
Johnson & Johnson |
JNJ US |
18,851 |
3,384,320 | 5.13 |
Jpmorgan Chase & Co |
JPM US |
23,948 |
3,166,644 | 4.80 |
Merck & Co Inc |
MRK US |
33,626 |
3,094,601 | 4.69 |
Verizon Communications Inc |
VZ US |
59,409 |
3,047,088 | 4.62 |
Coca-Cola Co/The |
KO US |
43,430 |
2,752,593 | 4.17 |
Altria Group Inc |
MO US |
49,675 |
2,686,921 | 4.07 |
Pepsico Inc |
PEP US |
14,602 |
2,449,486 | 3.71 |
Broadcom Inc |
AVGO US |
4,032 |
2,339,084 | 3.54 |
Cisco Systems Inc/Delaware |
CSCO US |
43,691 |
1,968,280 | 2.98 |
Top 10 Total (%) | 42.83 |
Country Weightings (%) as of 05/31/22
-
Country
% of Net Assets -
■
United States
100.01 -
■
Spain
0.08 -
■
Other/Cash
-0.09
Sector Weightings (%) as of 05/31/22
-
Sector
% of Net Assets -
■
Consumer Staples
24.1 -
■
Health Care
19.8 -
■
Information Technology
11.1 -
■
Financials
10.8 -
■
Industrials
8.8 -
■
Utilities
8.4 -
■
Communication Services
7.3 -
■
Consumer Discretionary
4.6 -
■
Energy
3.0 -
■
Materials
2.3 -
■
Other/Cash
-0.1