VanEck ETF Trust - VanEck Morningstar Wide Moat Value ETF

Frequently Asked Questions About MVAL

What does MVAL invest in?

MVAL is passively managed to hold a concentrated portfolio of US stocks deemed as wide moat (attractively priced stocks with sustainable competitive advantages). Morningstar's equity research team determines the selection by assigning an economic moat rating and a fair value estimate to the companies in the Morningstar US Market Index. Wide moat companies with the lowest price/fair value ratios are considered for inclusion. A style score is also assigned to eligible companies using a 10-factor model incorporating backward- and forward-looking metrics such as earnings, dividends, sales, cash flow, and book value. Pure growth stocks are screened out from the portfolio. The index initially weights the portfolio equally and then tilts weights in favor of pure value companies. The index is divided into two sub-portfolios and follows a staggered schedule, where each sub-portfolio is reconstituted and rebalanced semi-annually in alternating quarters.

What is the expense ratio of MVAL?

VanEck ETF Trust - VanEck Morningstar Wide Moat Value ETF (MVAL) charges an expense ratio of 0.50%. This is the annual fee deducted from fund assets to cover management and operations.

How big is MVAL?

VanEck ETF Trust - VanEck Morningstar Wide Moat Value ETF (MVAL) manages $2.0M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is MVAL actively managed or an index fund?

MVAL's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was MVAL launched?

VanEck ETF Trust - VanEck Morningstar Wide Moat Value ETF (MVAL) launched in March 2024 and is managed by VanEck.

How has MVAL performed?

MVAL's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.