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SMOT
VanEck Morningstar SMID Moat ETF

Fund Description

VanEck Morningstar SMID Moat ETF (SMOT) seeks to track as closely as possible, before fees and expenses, the price and yield performance of the Morningstar® US Small-Mid Cap Moat Focus IndexSM (MSUMMFGU), which is intended to track the overall performance of small- and mid-cap companies with sustainable competitive advantages and attractive valuations according to Morningstar's equity research team.

 
 

  • Fund Ticker

    SMOT

  • Exchange

    Cboe

  • Inception Date

    10/04/2022

  • ETF Structure

    Physical

  • Administrator

    Van Eck Associates

  • Index Ticker

    MSUMMFGU

  • Index Reconstitution

    Semi-Annually, Staggered quarterly

  as of 03/31/23

  • 30-Day SEC Yield1

    1.23%

  • Total Net Assets

    $45.4M

  • Number of Holdings

    101

  • Options

    Expected

  • Gross Expense Ratio2

    0.57%

  • Net Expense Ratio/TER2

    0.49%

  • Distribution Frequency

    Annual

  • Next Distribution Date

    12/15/2023
Schedule a Call
Fund FAQ
How to Buy

Key Documents and Links

SMOT Fact Sheet
Summary Prospectus
Management Team

Fund Highlights

  • U.S. small- and mid-cap companies with long-term competitive advantages

  • Targets companies trading at attractive prices

  • Powered by Morningstar’s rigorous and forward-looking equity research

Trading Information

  • Fund Ticker

    SMOT

  • Index Total Return Ticker

    MSUMMFGU

  • NAV

    SMOTNV

  • Intraday NAV (IIV)4

    SMOTIV

  • Shares Outstanding

    1,625,000

  • Estimated Cash

    SMOTEU

  • Total Cash

    SMOTTC

  • CUSIP

    92189H730

  • ISIN

    US92189H7301
Source: Bloomberg

Fees and Expenses2

  • Management Fee

    0.45%

  • Other Expenses

    0.12%

  • Gross Expense Ratio

    0.57%

  • Fee Waivers and
    Expense Reimbursement

    0.08%

  • Net Expense Ratio/TER2

    0.49%

2 Expenses for SMOT are capped contractually at 0.49% until February 1, 2024. Cap excludes acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses.

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 03/30/23

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
SMOT $27.94
$27.94 		50,666
43,342 		$0.17 / +0.61%
$0.17 / +0.59% 		+3.42%
+3.37% 		$0.00
0.01% 		0.10%

Premium/Discount History as of 03/31/23

Since Inception 2Q 2022 3Q 2022 4Q 2022 1Q 2023 Premium/Discount Charts NAV & Prem/Discount History
SMOT Days closed at a premium 71 0 0 35 36
Days closed at NAV 29 0 0 14 15
Days closed at a discount 22 0 0 12 10

Performance History: Average Annual Total Returns* (%)

View All ETFs View All Indices
  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
10/04/22
SMOT (NAV) -3.31 3.18 8.23 -- -- -- -- 12.63
SMOT (Share Price) -3.16 3.34 8.34 -- -- -- -- 12.81
MSUMMFGU (Index) -3.27 3.32 8.33 -- -- -- -- 13.04
Performance Differential (NAV - Index) -0.04 -0.14 -0.10 -- -- -- -- -0.41
  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
10/04/22
SMOT (NAV) -4.67 -- -- -- -- -- -- 4.06
SMOT (Share Price) -4.61 -- -- -- -- -- -- 4.13
MSUMMFGU (Index) -4.63 11.62 -- -- -- -- -- 4.34
Performance Differential (NAV - Index) -0.04 -- -- -- -- -- -- -0.28

*Returns less than one year are not annualized.

The performance data quoted represents past performance. Past performance is not a guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted. Please call 800.826.2333 or visit vaneck.com for performance current to the most recent month ended.

The "Net Asset Value" (NAV) of a Fund is determined at the close of each business day, and represents the dollar value of one share of the fund; it is calculated by taking the total assets of the fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV is not necessarily the same as the ETF 's intraday trading value. Investors should not expect to buy or sell shares at NAV.

Top 10 Holdings (%) as of 02/28/23

Daily Holdings
Total Holdings: 95
Holding Name
Ticker
Shares
 Market Value
(US$) 		% of Net
Assets
Asbury Automotive Group Inc
ABG US
3,713
843,222 1.67
Evercore Inc
EVR US
6,235
817,907 1.62
Adient Plc
ADNT US
19,134
817,404 1.62
Wesco International Inc
WCC US
4,901
811,508 1.61
Borgwarner Inc
BWA US
15,806
794,726 1.58
Group 1 Automotive Inc
GPI US
3,585
792,536 1.57
Omnicom Group Inc
OMC US
8,708
788,684 1.56
Tapestry Inc
TPR US
18,014
783,789 1.55
Crane Holdings Co
CR US
6,468
774,737 1.54
Monolithic Power Systems Inc
MPWR US
1,578
764,210 1.52
Top 10 Total (%) 15.84
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These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%)
as of 02/28/23

Country % of Net Assets
● United States 98.46
● Netherlands 1.48
● Other/Cash 0.06

Sector Weightings (%)
as of 02/28/23

Sector % of Net Assets
● Consumer Discretionary 20.17
● Industrials 19.20
● Information Technology 16.49
● Financials 11.33
● Health Care 9.99
● Materials 7.88
● Communication Services 7.58
● Consumer Staples 3.67
● Real Estate 2.69
● Energy 0.95
● Other/Cash 0.06

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