Summary
VanEck Morningstar SMID Moat ETF is an ETF - a fund traded on an exchange like a stock - run by VanEck. Positions inside: 111. The ten largest make up 15% of the fund.
- Yearly costs
- 0.49%
- Fund size
- $321.0M
- Positions
- 111
- Dividend yield
- 1.25%
- Running since
- 2022
What speaks for it
- Widely spread: the ten largest positions make up only 15% of the fund.
- Average yearly growth over the last three years: 16%.
What to watch
- 94% of the fund is in one country (United States).
- Costs of 0.49% a year are above the middle of comparable funds (0.43%).
- It trades little: only about $872.9K changes hands a day.
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- +4.6%
- 3 months
- +0.9%
- This year
- +10%
- 1 year
- +8.6%
- 3 years
- +55%
- Avg. market cap
- $27.6B
- P/E
- 22.5x
- Forward P/E
- 13.9x
- P/S
- 1.1x
- P/B
- 2.1x
- P/FCF
- 14.9x
- EV/EBITDA
- 12.9x
- Dividend yield
- 1.82%
- ROIC
- 7.1%
- ROE
- 11.3%
- Gross margin
- 39.1%
- Operating margin
- 11.0%
- Net margin
- 5.8%
- Payout ratio
- 40.8%
- Net debt/EBITDA
- 4.2x
- Beta
- 1.11
Weighted average of the 50 largest companies, which make up 61% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Widely spread- 1 BDBecton, Dickinson and Company BDX 1.6%
- 2 LWLamb Weston Holdings, Inc. LW 1.6%
- 3 VLVeralto VLTO 1.5%
- 4 ELEstée Lauder EL 1.5%
- 5 BFBrown-Forman BF-B 1.5%
- 6 TRTransUnion TRU 1.5%
- 7 MAMasco MAS 1.5%
- 8 GPGlobal Payments Inc. GPN 1.5%
- 9 CICigna CI 1.5%
- 10 AMAmcor plc AMCR 1.5%
Positions in the fund: 111. The ten largest make up 15% of it.
Composition as of Oct 24, 2026.
Where is it spread?
One countryBy sector
- Healthcare 24%
- Industrials 19%
- Consumer defensive 13%
- Consumer cyclical 11%
- Basic materials 10%
- Other 24%
By country
- United States 94%
- United Kingdom 2.6%
- Switzerland 1.4%
- Ireland 0.8%
- Other countries 0.8%
By company size
- Large cap 82%
- Mid cap 18%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M.
Largest sector: Healthcare (24%). Largest country: United States (94%). Largest size group: Large cap (82%).
What does it cost me?
Expensive- A year from $10,000
- $49.00
- Over 20 years
- $2,370
From every $10,000 invested the fund takes $49.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $2,370.
How has it done?
Growing over the long run- A year on average, 3 years
- +16%
- Deepest drop
- -24%
- Yearly volatility
- 14%
Average yearly growth over the last three years: 16%. Deepest drop in these years: 24% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 1.25%
- Payments a year
- 1
- Last payment
- $0.50
Over the last 12 months it paid $0.50 per share, which is 1.25% of today's price. The last payment was $0.50 on Dec 22, 2025.
Is it easy to buy and sell?
It trades little- Traded a day
- $872.9K
- Shares a day
- 22K
On an average day about $872.9K of the fund changes hands.
How expensive are the companies inside?
Usual valuation- P/E of the companies inside
- 22.5
- Average Bulios Score
- 56 out of 100
Weight by Bulios Fair Price
- Undervalued 24%
- Fairly valued 16%
- Overvalued 60%
On average the companies inside trade for 22.5 times their yearly profit. By Fair Price, 60% of the rated weight comes out as overvalued.
Counted from its largest companies (50), which make up 61% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.