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DURA
VanEck 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
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 07/01/22

  • 30-Day SEC Yield1

    3.08%
  • Distribution Yield1

    2.61%
  • 12-Month Yield1

    3.79%
 1 See Important Disclosure for definitions.

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
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 07/01/22

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 $30.29
$30.28
24,045
7,378
$0.14 / +0.47%
$0.09 / +0.30%
-4.92%
-5.02%
$-0.01
-0.05%
0.07%

Premium/Discount History as of 07/01/22

Calendar Year 2021 3Q 2021 4Q 2021 1Q 2022 2Q 2022 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 165 44 32 42 36
DURA Days closed at NAV 40 13 11 7 8
Days closed at a discount 47 7 21 13 18

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

Total Holdings: 81
Swipe
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
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

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