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DURA
VanEck Vectors Morningstar Durable Dividend ETF

  • Fund Description

    VanEck Vectors 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

      NYSE Arca
    • Commencement

      10/30/2018
    • ETF Structure

      Physical
    • Administrator

      Van Eck Associates
    • Custodian

      Bank of New York Mellon
    • Index Ticker

      MSUSDVTU
    • Index Reconstitution

      Semi-Annually
  •  
    as of 11/12/18

    • 30-Day SEC Yield1

      --
    • Total Net Assets

      $2.6M
    • Number of Holdings

      89
    • Options

      Expected
    • Gross Expense Ratio2

      0.38%
    • Net Expense Ratio/TER2

      0.29%
    • Distribution Frequency

      Quarterly
    • Next Distribution Date

      12/26/18
  • 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

  • Trading Information

    • Fund Ticker

      DURA
    • Index Total Return Ticker

      MSUSDVTU
    • NAV

      DURANV
    • Intraday NAV (IIV)4

      DURAIV
    • Shares Outstanding

      100,000
    • Estimated Cash

      DURAEU
    • Total Cash

      DURATC
    • CUSIP

      92189H102
    • ISIN

      US92189H1023
    Source: Bloomberg
  • Fees and Expenses2

    • Management Fee

      0.29%
    • Other Expenses

      0.09%
    • Gross Expense Ratio

      0.38%
    • Fee Waivers and
      Expense Reimbursement

      -0.09%
    • Net Expense Ratio/TER2

      0.29%
    2Expenses for DURA are capped contractually at 0.29% until February 1, 2020. Cap excludes acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses.
  • Prices as of 11/12/18

    NAV/
    Last Price
    Volume
    30-Day Avg./
    Last Trading Day
    Daily Change
    NAV/
    Last Price
    YTD Change
    NAV/
    Last Price
    Premium/
    Discount
    Prem/Discount
    Distribution Charts
    NAV &
    Prem/Discount
    History
    NAV
    Chart
    DURA $26.06
    $26.32
    0
    570
    -$0.25 / -0.94%
    $0.04 / +0.15%
    --
    --
    $0.26
    0.99%
  • View All IndicesView All ETFsPerformance History: Average Annual Total Returns* (%)

    1 MO3 MOYTD1 YR3 YR5 YR10 YRLIFE
    10/30/18
    DURA (NAV)--------------0.04
    DURA (Share Price)--------------0.20
    MSUSDVTU (Index)-3.64-0.73----------0.05
    Performance Differential (NAV - Index)---------------0.01
    After Tax Held--------------0.00
    After Tax Sold--------------0.00
    Quarter End as of 09/30/18
    1 MO3 MOYTD1 YR3 YR5 YR10 YRLIFE
    10/30/18
    DURA (NAV)----------------
    DURA (Share Price)----------------
    MSUSDVTU (Index)**2.028.32------------
    Performance Differential (NAV - Index)----------------
    After Tax Held----------------
    After Tax Sold----------------
  • Daily HoldingsTop 10 Holdings (%)  as of 10/31/18

    Total Holdings: 89
    Holding Name
    Ticker
    SharesMarket Value
    (US$)
    % of Net
    Assets
    Verizon Communications Inc
    VZ US
    2,388
    136,3315.37
    Pfizer Inc
    PFE US
    3,096
    133,3145.25
    Johnson & Johnson
    JNJ US
    942
    131,8715.20
    Procter & Gamble Co/The
    PG US
    1,460
    129,4735.10
    Chevron Corp
    CVX US
    1,134
    126,6114.99
    Exxon Mobil Corp
    XOM US
    1,580
    125,8944.96
    Coca-Cola Co/The
    KO US
    2,232
    106,8684.21
    Altria Group Inc
    MO US
    1,474
    95,8693.78
    Cisco Systems Inc
    CSCO US
    2,066
    94,5203.73
    Merck & Co Inc
    MRK US
    1,274
    93,7793.70
    Top 10 Total (%)46.29
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.
  • Country Weightings (%) as of 10/31/18

    • Country

      % of Net Assets
    • UNITED STATES

      99.20
    • UNITED KINGDOM

      0.80
    • Other/Cash

      0.00
  • Sector Weightings (%) as of 10/31/18

    • Sector

      % of Net Assets
    • Health Care

      21.0
    • Consumer Staples

      19.6
    • Energy

      14.6
    • Information Technology

      9.3
    • Industrials

      8.7
    • Utilities

      7.8
    • Financials

      6.3
    • Communication Services

      5.4
    • Consumer Discretionary

      5.4
    • Materials

      1.9
    • Other/Cash

      0.0
  • Important Disclosure

    VanEck only serves professional clients in countries where the funds are registered or where funds can be sold in accordance with local private placement rules.

    130-Day SEC Yield is a standard yield calculation developed by the Securities and Exchange Commission that allows for fairer comparisons among funds. It is based on the most recent 30-day period. This yield figure reflects the interest earned during the period after deducting the fund's expenses for the period. It does not reflect the yield an investor would have received if they had held the fund over the last twelve months assuming the most recent NAV. Distributions may vary from time to time.

    2DURA Fees & Expenses: Van Eck Associates Corporation (the "Adviser") has agreed to waive fees and/or pay Fund expenses to the extent necessary to prevent the operating expenses of the Fund (excluding acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses) from exceeding 0.29% of the Fund's average daily net assets per year until at least February 1, 2020. During such time, the expense limitation is expected to continue until the Fund's Board of Trustees acts to discontinue all or a portion of such expense limitation. TER, or Total Expense Ratio, is also referred to as "Net Expense Ratio".

    3Morningstar Ratings : ©Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. 

    4IIV is an abbreviation for the intraday indicative value of an ETF's Shares (and is also known as the Indicative Optimized Portfolio Value or IOPV), and is disseminated every 15 seconds during regular trading hours. The IIV is based on the current market value of the securities and/or cash required to be deposited in exchange for a Creation Unit. The IIV does not necessarily reflect the precise composition of the current portfolio of securities held by the Fund at a particular point in time or the best possible valuation of the current portfolio. Therefore, the IIV should not be viewed as a "real-time" update of the Fund's NAV, which is computed only once a day. The Fund is not involved in, or responsible for, the calculation or dissemination of the IIV and makes no warranty as to its accuracy.

    6The S&P 500® Index consists of 500 widely held common stocks covering industrial, utility, financial and transportation sector; as an Index, it is unmanaged and is not a security in which investments can be made.

    For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics.

    The Morningstar® US Dividend Valuation IndexSM was created and is maintained by Morningstar, Inc. Morningstar, Inc. does not sponsor, endorse, issue, sell, or promote the VanEck Vectors Morningstar Durable Dividend ETF and bears no liability with respect to that ETF or any security. Morningstar® is a registered trademark of Morningstar, Inc. Morningstar® US Dividend Valuation IndexSM is a service mark of Morningstar, Inc.

    An investment in the Fund may be subject to risks which include, among others, investing in the consumer staples, energy, health care, and utilities sectors, small and medium-capitalization companies, equity securities, dividend paying securities, market, operational, high portfolio turnover, index tracking authorized participant concentration, no guarantee of active trading market, trading issues, passive management, fund shares trading, premium/discount risk and liquidity of fund shares, non-diversified, and concentration risks, which may make these investments volatile in price or difficult to trade.

    Index returns are not Fund returns and do not reflect any management fees or brokerage expenses. Certain indices may take into account withholding taxes. Investors can not invest directly in the Index. Returns for actual Fund investors may differ from what is shown because of differences in timing, the amount invested and fees and expenses. Index returns assume that dividends have been reinvested.

    The S&P 500 Index is a product of S&P Dow Jones Indices LLC and/or its affiliates and has been licensed for use by Van Eck Associates Corporation. Copyright © 2018 S&P Dow Jones Indices LLC, a division of S&P Global, Inc., and/or its affiliates. All rights reserved. Redistribution or reproduction in whole or in part are prohibited without written permission of S&P Dow Jones Indices LLC. For more information on any of S&P Dow Jones Indices LLC’s indices please visit www.spdji.com. S&P® is a registered trademark of S&P Global and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC. Neither S&P Dow Jones Indices LLC, Dow Jones Trademark Holdings LLC, their affiliates nor their third party licensors make any representation or warranty, express or implied, as to the ability of any index to accurately represent the asset class or market sector that it purports to represent and neither S&P Dow Jones Indices LLC, Dow Jones Trademark Holdings LLC, their affiliates nor their third party licensors shall have any liability for any errors, omissions, or interruptions of any index or the data included therein.

    The S&P® 500 Index consists of 500 widely held common stocks covering industrial, utility, financial and transportation sector; as an Index, it is unmanaged and is not a security in which investments can be made.

    The "Net Asset Value" (NAV) of a VanEck Vectors Exchange Traded Fund (ETF) 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. VanEck Vectors ETF investors should not expect to buy or sell shares at NAV.

    Fund shares are not individually redeemable and will be issued and redeemed at their NAV only through certain authorized broker-dealers in large, specified blocks of shares called "creation units" and otherwise can be bought and sold only through exchange trading. Shares may trade at a premium or discount to their NAV in the secondary market. You will incur brokerage expenses when trading Fund shares in the secondary market. Past performance is no guarantee of future results. Returns for actual Fund investments may differ from what is shown because of differences in timing, the amount invested, and fees and expenses.

    Investing involves substantial risk and high volatility, including possible loss of principal. An investor should consider the investment objective, risks, charges and expenses of the Fund carefully before investing. To obtain a prospectus and summary prospectus, which contains this and other information, call 800.826.2333 or visit vaneck.com/etfs. Please read the prospectus and summary prospectus carefully before investing.

    This content is published in the United States for residents of specified countries. Investors are subject to securities and tax regulations within their applicable jurisdictions that are not addressed on this content. Nothing in this content should be considered a solicitation to buy or an offer to sell shares of any investment in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction, nor is it intended as investment, tax, financial, or legal advice. Investors should seek such professional advice for their particular situation and jurisdiction.