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MVAL

VanEck
Morningstar Wide Moat Value ETF

As of June 30, 2024

Fund Details

Fund Ticker MVAL
Intraday NAV (IIV) MVALIV
Index Ticker MSUBVFGU
Total Net Assets ($M) .75
Options Expected
Exchange CBOE
Inception Date 03/26/24

Fund Data

Number of Holdings 44
Currency USD
Price/Earnings Ratio* --
Price/Book Ratio* --
Weighted Avg. Market Cap ($M) --
30-Day SEC Yield * 2.22%
NAV: 52 Week High/Low $30.76/$28.85
*30-Day SEC Yield is based on the most recent 30-day period and reflects the investment income earned after deducting a fund’s expenses for the period. This yield does not necessarily reflect the yield that an investor will receive. Distributions may vary from time to time. A weighted harmonic average is used to calculate this metric. Price/Book Ratio is the price of a security divided by the book value per share of the security. Price/Earnings Ratio is the price of a security divided by the last twelve months earnings per share of the security. 

Fees and Expenses

Management Fee 0.45%
Other Expenses 0.19%
Gross Expense Ratio 0.64%
Fee Waivers and
Expense Reimbursement
-0.15%
Net Expense Ratio 0.49%

Fees and ExpensesExpenses for MVAL are capped contractually at 0.49% until February 1, 2025. Cap excludes acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses.

Fund Description

VanEck Morningstar Wide Moat Value ETF (MVAL) seeks to track as closely as possible, before fees and expenses, the price and yield performance of the Morningstar® US Broad Value Wide Moat Focus IndexSM (MSUBVFGU), which is intended to track the overall performance of attractively priced value-oriented companies with sustainable competitive advantages according to Morningstar's equity research team.

Performance History:

Average Annual Total Returns* (%)

Month End as of 06/30/24 1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
03/26/24
MVAL (NAV) -1.21 -2.68 -- -- -- -- -- -0.44
MVAL (Share Price) -1.21 -2.96 -- -- -- -- -- -0.53
MSUBVFGU (Index) -1.16 -2.54 3.75 10.60 -- -- -- -0.29
Performance Differential (NAV - Index) -0.05 -0.14 -- -- -- -- -- -0.15
Quarter End as of 06/30/24 1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
03/26/24
MVAL (NAV) -1.21 -2.68 -- -- -- -- -- -0.44
MVAL (Share Price) -1.21 -2.96 -- -- -- -- -- -0.53
MSUBVFGU (Index) -1.16 -2.54 3.75 10.60 -- -- -- -0.29
Performance Differential (NAV - Index) -0.05 -0.14 -- -- -- -- -- -0.15

The Fund’s prospectus has not been submitted for approval to the Belgian Financial Services and Markets Authority (Autoriteit voor Financiële Diensten en Markten / Autorité des Services et Marchés Financiers) and, accordingly, the shares may not be distributed by way of public offering in Belgium and may only be offered to a maximum of 99 investors or to institutional and professional investors (as defined in Article 5, §3 of the Law of July 20, 2004, and as extended by the provisions of the Belgian Royal Decree of September 26, 2006 . These materials may be distributed in Belgium only to such prospective investors for their personal use and may not be used for any other purpose or passed on to any other person in Belgium. Shares will only be offered to such qualifying prospective investors.

In the absence of temporary expense waivers or reimbursements, the 30-Day SEC Yield for VanEck Morningstar Wide Moat Value ETF would have been 1.44% on 06/30/24.

The performance data quoted represents past performance. Past performance is not a guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted. Please call 800.826.2333 or visit vaneck.com for performance current to the most recent month ended.

The "Net Asset Value" (NAV) of a Fund is determined at the close of each business day, and represents the dollar value of one share of the fund; it is calculated by taking the total assets of the fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV is not necessarily the same as the ETF 's intraday trading value. Investors should not expect to buy or sell shares at NAV.

MVAL

VanEck
Morningstar Wide Moat Value ETF

As of June 30, 2024

Top 10 Holdings

Holding Name
Ticker
% of Net Assets
International Flavors & Fragrances Inc
IFF US
4.78
Campbell Soup Co
CPB US
4.56
Altria Group Inc
MO US
4.54
Pfizer Inc
PFE US
4.44
Rtx Corp
RTX US
4.42
Gilead Sciences Inc
GILD US
4.38
Comcast Corp
CMCSA US
4.28
Us Bancorp
USB US
4.15
Bristol-Myers Squibb Co
BMY US
3.84
Masco Corp
MAS US
2.99
Top 10 Total 42.39
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Sector Weightings

Sector % of Net Assets
Industrials 24.6
Health Care 23.7
Consumer Staples 18.0
Communication Services 8.1
Consumer Discretionary 7.4
Materials 7.3
Financials 7.2
Information Technology 3.7
Other/Cash 0.0

An investor cannot invest directly in an index. Returns reflect past performance and do not guarantee future results. Results reflect the reinvestment of dividends and capital gains, if any. Index returns do not represent Fund returns. The Index does not charge management fees or brokerage expenses, nor does the Index lend securities, and no revenues from securities lending were added to the performance shown.

Morningstar® US Broad Value Wide Moat Focus IndexSM was created and is maintained by Morningstar, Inc. Morningstar, Inc. does not sponsor, endorse, issue, sell, or promote the VanEck Morningstar Wide Moat Value ETF and bears no liability with respect to that ETF or any security. Morningstar® is a registered trademark of Morningstar, Inc. Morningstar® Wide Moat Focus IndexSM is a service mark of Morningstar, Inc.

Morningstar® US Broad Value Wide Moat Focus IndexSM consists of U.S. value-oriented companies identified as having sustainable, competitive advantages, and whose stocks are the most attractively priced, according to Morningstar.

An investment in the Fund may be subject to risks which include, among others, risks related to investing in equity securities, value style investing, financials sector, health care sector, industrials sector, large- and medium-capitalization companies, market, operational, index tracking, authorized participant concentration, new fund, no guarantee of active trading market, trading issues, passive management, fund shares trading, premium/discount and liquidity of fund shares, non-diversified, and index-related concentration risks, all of which may adversely affect the Fund. Large- and medium-capitalization companies may be subject to elevated risks. The Fund’s value strategy may result in the Fund investing in securities or industry sectors that underperform the market as a whole. Furthermore, the value companies identified by the Index provider may not operate as expected, and there is no guarantee that the index provider’s proprietary valuation model will perform as intended.

Index returns are not Fund returns and do not reflect any management fees or brokerage expenses. Certain indices may take into account withholding taxes. Investors can not invest directly in the Index. Returns for actual Fund investors may differ from what is shown because of differences in timing, the amount invested and fees and expenses. Index returns assume that dividends have been reinvested.

The S&P 500 Index is a product of S&P Dow Jones Indices LLC and/or its affiliates and has been licensed for use by Van Eck Associates Corporation. Copyright © 2024 S&P Dow Jones Indices LLC, a division of S&P Global, Inc., and/or its affiliates. All rights reserved. Redistribution or reproduction in whole or in part are prohibited without written permission of S&P Dow Jones Indices LLC. For more information on any of S&P Dow Jones Indices LLC’s indices please visit https://www.spglobal.com/spdji/en/. S&P® is a registered trademark of S&P Global and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC. Neither S&P Dow Jones Indices LLC, Dow Jones Trademark Holdings LLC, their affiliates nor their third party licensors make any representation or warranty, express or implied, as to the ability of any index to accurately represent the asset class or market sector that it purports to represent and neither S&P Dow Jones Indices LLC, Dow Jones Trademark Holdings LLC, their affiliates nor their third party licensors shall have any liability for any errors, omissions, or interruptions of any index or the data included therein.

The S&P 500® Index consists of 500 widely held common stocks covering industrial, utility, financial and transportation sector; as an Index, it is unmanaged and is not a security in which investments can be made.

Investing involves substantial risk and high volatility, including possible loss of principal. An investor should consider the investment objective, risks, charges and expenses of the Fund carefully before investing. To obtain a prospectus and summary prospectus, which contains this and other information, call 800.826.2333 or visit vaneck.com/etfs. Please read the prospectus and summary prospectus carefully before investing.

This content is published in the United States for residents of specified countries. Investors are subject to securities and tax regulations within their applicable jurisdictions that are not addressed on this content. Nothing in this content should be considered a solicitation to buy or an offer to sell shares of any investment in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction, nor is it intended as investment, tax, financial, or legal advice. Investors should seek such professional advice for their particular situation and jurisdiction.

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FUND TICKER: 800.826.2333 VANECK.COM