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A Durable Approach to Dividend Investing

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DURA
VanEck Vectors Morningstar Durable Dividend ETF

Fund Description

VanEck Vectors 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
  • ETF Structure

    Physical
  • Administrator

    Van Eck Associates
  • Custodian

    State Street Bank and Trust Company
  • Index Ticker

    MSUSDVTU
  • Index Reconstitution

    Semi-Annually

 
as of 03/05/21

  • 30-Day SEC Yield1

    3.58%
  • Total Net Assets

    $41.5M
  • Number of Holdings

    53
  • Options

    Expected
  • Gross Expense Ratio2

    0.73%
  • Net Expense Ratio/TER2

    0.29%
  • Distribution Frequency

    Quarterly
Why Invest?

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 03/05/21

  • 30-Day SEC Yield1

    3.58%
  • Distribution Yield1

    3.52%
  • 12-Month Yield1

    3.49%
 1 See Important Disclosure for definitions.

Fees and Expenses2

  • Management Fee

    0.29%
  • Other Expenses

    0.44%
  • Gross Expense Ratio

    0.73%
  • Fee Waivers and
    Expense Reimbursement

    -0.44%
  • Net Expense Ratio/TER2

    0.29%
2Expenses for DURA are capped contractually at 0.29% until February 1, 2022. Cap excludes acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses.

Trading Information

  • Fund Ticker

    DURA
  • Index Total Return Ticker

    MSUSDVTU
  • NAV

    DURANV
  • Intraday NAV (IIV)4

    DURAIV
  • Shares Outstanding

    1,450,000
  • Estimated Cash

    DURAEU
  • Total Cash

    DURATC
  • CUSIP

    92189H102
  • ISIN

    US92189H1023
Source: Bloomberg

Investment Professionals

  • 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
  • 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
  • Analyst for Equity ETFs
  • Joined VanEck in 2018
  • Prior to joining VanEck, ETF Basket Operations Analyst at JPMorgan
  • BS, Finance, Providence College
  • Analyst for Equity ETFs
  • Joined VanEck in 2019
  • Prior to VanEck, Intermediate Representative, Exchange Traded Funds at BNY Mellon.
  • BS, Accounting, Hunter College

Prices as of 03/05/21

NAV/
Market Price
Volume
30-Day Avg./
Last Trading Day
Daily Change
NAV/
Last Price
YTD Change
NAV/
Last Price
Premium/
Discount
Prem/Discount
Distribution Charts
NAV &
Prem/Discount
History
30-Day
Median
Bid Ask
Spread
NAV
Chart
DURA $28.63
$28.66
9,933
9,394
$0.55 / +1.95%
$0.61 / +2.17%
+0.78%
+0.88%
$0.03
0.11%
0.07%

Premium/Discount History as of 03/05/21

Calendar Year 2019 1Q 2020 2Q 2020 3Q 2020 4Q 2020 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 170 35 45 21 37
DURA Days closed at NAV 36 8 5 18 11
Days closed at a discount 46 19 13 25 16

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) 0.15 -0.49 -1.63 9.86 -- -- -- 7.73
DURA (Share Price) 0.18 -0.29 -1.43 10.79 -- -- -- 7.82
MSUSDVTU (Index) 0.17 -0.42 -2.45 10.13 -- -- -- 8.01
Performance Differential (NAV - Index) -0.02 -0.07 0.82 -0.27 -- -- -- -0.28
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
10/30/18
DURA (NAV) 1.16 7.99 0.43 0.43 -- -- -- 9.15
DURA (Share Price) 1.16 7.77 0.40 0.40 -- -- -- 9.15
MSUSDVTU (Index)** 2.08 9.02 0.23 0.23 -- -- -- 9.88
Performance Differential (NAV - Index) -0.92 -1.03 0.20 0.20 -- -- -- -0.73

Top 10 Holdings (%) as of 02/28/21 Daily Holdings

Total Holdings: 53
Swipe
to view
full data
Holding Name
Ticker
Shares Market Value
(US$)
% of Net
Assets
ABBVIE INC
ABBV US
20,310
2,188,199 5.50
JOHNSON & JOHNSON
JNJ US
12,612
1,998,498 5.02
PHILIP MORRIS INTERNATIONAL INC
PM US
23,002
1,932,628 4.85
BRISTOL-MYERS SQUIBB CO
BMY US
30,651
1,879,826 4.72
AT&T INC
T US
66,106
1,843,696 4.63
ALTRIA GROUP INC
MO US
41,976
1,830,154 4.60
COCA-COLA CO/THE
KO US
36,632
1,794,602 4.51
VERIZON COMMUNICATIONS INC
VZ US
31,412
1,737,084 4.36
PFIZER INC
PFE US
51,510
1,725,070 4.33
PEPSICO INC
PEP US
13,333
1,722,490 4.33
Top 10 Total (%) 46.85
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 02/28/21

  • Country

    % of Net Assets
  • United States

    99.81
  • Other/Cash

    0.19

Sector Weightings (%) as of 02/28/21

  • Sector

    % of Net Assets
  • Health Care

    27.1
  • Consumer Staples

    20.9
  • Industrials

    12.6
  • Utilities

    11.8
  • Financials

    10.1
  • Communication Services

    9.1
  • Consumer Discretionary

    4.1
  • Information Technology

    3.5
  • Materials

    0.5
  • Energy

    0.2
  • Other/Cash

    0.2