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DURA
VanEck Durable High Dividend ETF

Fund Description

VanEck Durable High 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 12/07/22

  • 30-Day SEC Yield1

    3.26%
  • Total Net Assets

    $86.3M
  • Number of Holdings

    63
  • Options

    No
  • Gross Expense Ratio2

    0.29%
  • Net Expense Ratio/TER2

    0.29%
  • Distribution Frequency

    Quarterly
  • Next Distribution Date

    12/27/2022

Fund Highlights

  • 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 12/07/22

  • 30-Day SEC Yield1

    3.26%
  • Distribution Yield1

    3.13%
  • 12-Month Yield1

    3.00%

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%

2Van 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.

Morningstar™ Ratings3 as of 10/31/2022

Category Overall 3 Year
Large Value

Morningstar Ratings: When applicable, ratings shown when the ETF is rated three stars or more for any given period. For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics.

© Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Trading Information

  • Fund Ticker

    DURA
  • Index Total Return Ticker

    MSUSDVTU
  • NAV

    DURANV
  • Intraday NAV (IIV)4

    DURAIV
  • Shares Outstanding

    2,675,000
  • 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
  • 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 12/07/22

NAV/
Market
Price
Volume
30-Day Avg./
Last Trading Day
Daily Change
NAV/
Last Price
YTD Change NAV/
Last Price
Premium/
Discount
30-Day
Median
Bid Ask
Spread
NAV
Chart
DURA $32.25
$32.26
19,700
21,724
$0.04 / +0.13%
$0.07 / +0.21%
+2.82%
+2.78%
$0.01
0.02%
0.09%

Premium/Discount History as of 12/07/22

Calendar Year 2021 4Q 2021 1Q 2022 2Q 2022 3Q 2022 Premium/Discount Charts NAV & Prem/Discount History
DURA Days closed at a premium 165 32 42 36 45
Days closed at NAV 40 11 7 8 5
Days closed at a discount 47 21 13 18 14

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) 7.33 10.46 4.37 12.49 7.49 -- -- 9.89
DURA (Share Price) 7.05 9.99 4.09 12.87 7.43 -- -- 9.83
MSUSDVTU (Index)** 7.35 10.52 4.66 12.84 7.79 -- -- 10.19
Performance Differential (NAV - Index) -0.02 -0.06 -0.29 -0.35 -0.30 -- -- -0.30
  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
10/30/18
DURA (NAV) -7.31 -7.46 -12.42 -6.58 2.84 -- -- 5.50
DURA (Share Price) -7.45 -7.51 -12.42 -6.65 2.84 -- -- 5.51
MSUSDVTU (Index)** -7.29 -7.39 -12.21 -6.26 3.12 -- -- 5.80
Performance Differential (NAV - Index) -0.02 -0.07 -0.21 -0.32 -0.28 -- -- -0.30

Top 10 Holdings (%) as of 11/30/22

Daily Holdings
Total Holdings: 63
Holding Name
Ticker
Shares
Market Value
(US$)
% of Net
Assets
Merck & Co Inc
MRK US
44,875
4,941,635 5.75
International Business Machines Corp
IBM US
30,451
4,534,154 5.28
Cisco Systems Inc
CSCO US
86,443
4,297,946 5.00
Johnson & Johnson
JNJ US
24,034
4,278,052 4.98
Pfizer Inc
PFE US
84,935
4,257,792 4.95
Broadcom Inc
AVGO US
7,711
4,248,992 4.94
Philip Morris International Inc
PM US
41,293
4,115,673 4.79
Altria Group Inc
MO US
86,644
4,035,878 4.70
Verizon Communications Inc
VZ US
95,803
3,734,401 4.35
Bristol-Myers Squibb Co
BMY US
42,950
3,448,026 4.01
Top 10 Total (%) 48.75
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These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%)
as of 11/30/22

Country % of Net Assets
United States 100.01
Other/Cash -0.01

Sector Weightings (%)
as of 11/30/22

Sector % of Net Assets
Health Care 29.73
Information Technology 20.77
Consumer Staples 15.46
Industrials 10.32
Financials 8.11
Communication Services 4.48
Utilities 3.88
Energy 3.37
Consumer Discretionary 2.60
Materials 1.29
Other/Cash -0.01

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