# VanEck ETF Trust - VanEck Morningstar Wide Moat Value ETF (MVAL): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/mval for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: VanEck · Asset class: Equity - Strategy: Thematic · Inception: 2024-03-26 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... ## Key Facts | Metric | Value | |---|---| | Price | $39.22 | | Expense Ratio | 0.50% | | Assets Under Management | $2.0M | | NAV | $39.21 | | Holdings Count | 0 | | Distribution Yield (TTM) | 1.61% | | Annual Distribution (TTM) | $0.63 /share | | Distribution Frequency | Annual | | 52-Week Range | $34.51 – $40.20 | | Beta | 0.62 | ## Latest Distribution - Amount: $0.6330 /share - Ex-date: 2025-12-22 - Pay date: 2025-12-26 ## Frequently Asked Questions ### 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. ### Does MVAL pay a dividend? VanEck ETF Trust - VanEck Morningstar Wide Moat Value ETF (MVAL) currently distributes little or no income. Trailing-twelve-month yield is 1.61%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does MVAL pay dividends? VanEck ETF Trust - VanEck Morningstar Wide Moat Value ETF pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is MVAL's dividend yield? MVAL's trailing-twelve-month yield is 1.61%, calculated from the sum of dividends over the past year divided by the current price. ### When is MVAL's next ex-dividend date? The most recently announced ex-dividend date for MVAL was 2025-12-22. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page. ### How much will MVAL's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.50% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does MVAL charge its expense ratio? The expense ratio is deducted in tiny daily slices from MVAL's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does MVAL cost more than a fund like VOO? MVAL's strategy (current expense ratio 0.50%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where MVAL sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to MVAL? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as MVAL (0.50%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/mval - Distribution history: https://www.dividenddata.com/funds/mval/dividend - Holdings & diversification: https://www.dividenddata.com/funds/mval/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/mval/expenses - Peer comparison: https://www.dividenddata.com/funds/mval/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.