VanEck Wealth Builder ETF: The All-in-One ETF Explained
October 27, 2026
Read Time 4 MIN
Key takeaways
- All-in-one: The VanEck Wealth Builder ETF (WBMO) holds a full model portfolio in one actively managed exchange-traded fund (ETF).
- Professionally managed: VanEck’s Multi-Asset Solutions team decides what to own, how much to hold and when to rebalance as markets change.
- Low cost: WBMO has a gross expense ratio of 0.33%, or about $33 a year for every $10,000 invested.
* Please see disclosures at the end of this content for complete WBMO fee information.
WBMO may invest a portion of its net assets in digital asset ETPs but does not invest directly in digital assets. Digital asset ETPs may involve risks including extreme market volatility and limited investor protections, as certain of these ETPs are not registered under the Investment Company Act of 1940 and do not offer the investor protections provided under that Act.
Imagine building a house on your own. You pour the foundation, frame the walls, run the wiring and keep one eye on the weather. Every choice is yours, and so is every mistake.
Investing can feel the same way. There are thousands of ETFs covering everything from large U.S. companies to gold, international bonds and digital assets. Selecting them, deciding how much of each to own and knowing when to rebalance takes time and discipline.
Can one ETF be your whole portfolio?
The “one fund and chill” approach
A common shortcut is to buy a fund that tracks the S&P 500 Index and hold it. That’s a solid start for general market exposure to 500 of the largest U.S. companies. But it isn’t a complete portfolio.
An S&P 500 fund owns only large U.S. companies, so its results depend on one asset class in one country, and a handful of large technology companies can make up a big share of its value. It holds no bonds, which can behave differently from stocks and may help steady a portfolio when stock prices fall. It holds no international stocks, which provide exposure to other economies, and no gold or other real assets, which tend to respond to different economic drivers, such as inflation. It also holds no bitcoin, whose supply is not easily expanded by policy.
Relying on one corner of the market means that corner’s ups and downs drive your whole portfolio. WBMO offers a third path between building everything yourself and holding a single index fund: a multi-asset ETF that spreads your money across stocks, bonds, real assets and digital assets in one fund.
What does WBMO hold?
WBMO is a single investment that holds a broad mix of other ETFs across four asset classes. Spreading money across different types of investments is called diversification, and deciding how much goes into each is called asset allocation. WBMO’s mix includes:
- Stocks from the U.S. and around the world, for potential long-term growth
- Bonds, for income and potential steadiness
- Real assets, such as gold, natural resources and infrastructure, which can behave differently from stocks and bonds (target allocation of 7.5%, within a range of 4–12%)
- Digital assets exposure (bitcoin), targeted at 2% of the portfolio, within a range of 1–5%, so they may contribute without taking over, though bitcoin is highly volatile.
Buy a share of WBMO and you get exposure to all of it. It’s like moving into a house where an architect drew the blueprint and a builder handled the construction. You just get the keys.
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How is WBMO managed?
“WBMO is designed to bring the discipline behind our multi-asset approach into a single ETF,” said David Schassler, Portfolio Manager and Head of Multi-Asset Solutions at VanEck.
WBMO isn’t managed on autopilot. VanEck’s Multi-Asset Solutions team, led by David Schassler, decides what to own, how much of each to hold and when to rebalance. As markets change, the team adjusts the mix.
They also build for the long run. The portfolio leans into themes the team believes may shape the next decade, including technology such as semiconductors and quantum computing, natural resources and infrastructure.
Why one ETF could make investing easier
- Rebalancing handled. VanEck’s team rebalances the portfolio, generally quarterly, so you don’t have to.
- Low cost. WBMO’s gross expense ratio is 0.33%. That’s about $33 a year for every $10,000 invested.
* Please see disclosures at the end of this content for complete WBMO fee information. - Easy to own. WBMO is an ETF, so you can find it by searching its ticker in your brokerage or trading app.
Whether you’re just getting started or tired of juggling a handful of funds, WBMO is designed to be a core holding for investors who want diversification, though it may not be suitable for everyone.
The bottom line
Building wealth takes time. Building your portfolio shouldn’t take all of yours. WBMO is one fund, managed by a team that does this every day.
One ticker. One decision. Wealth Builder.
Have more questions? Read the full WBMO FAQ for individual investors.
Learn more at vaneck.com/WBMO.
WBMO | VanEck Wealth Builder ETF
Important Disclosures
*WBMO Fees: WBMO Gross Expense Ratio – 0.33% (Management Fee 0.15% + Other Expenses 0.00% + Acquired Fund Fees and Expenses 0.18%, based on estimates for the current fiscal year). Fee Waivers – -0.07%. WBMO Net Expense Ratio – 0.26%. The Adviser has agreed to waive the management fee it charges the Fund by any amount the Adviser or its affiliates collect as a management fee from underlying funds. Van Eck Absolute Return Advisers Corporation (the “Adviser”) will pay all expenses of the Fund, except for the fee payment under the investment management agreement, acquired fund fees and expenses, interest expense, offering costs, trading expenses, taxes and extraordinary expenses. Notwithstanding the foregoing, the Adviser has agreed to pay the offering costs until at least February 1, 2028. Brokerage fees and commissions may apply. Please check with your broker.
Definitions
Exchange-traded fund (ETF): An investment fund that holds a basket of securities and trades on an exchange throughout the day, like a stock.
S&P 500 Index: A market-capitalization-weighted index of 500 large U.S. companies. It is not possible to invest directly in an index
Bitcoin (BTC): The first decentralized cryptocurrency, enabling peer-to-peer transactions without intermediaries, secured through a proof-of-work blockchain.
This is not an offer to buy or sell, or a recommendation to buy or sell any of the securities, financial instruments or digital assets mentioned herein. The information presented does not involve the rendering of personalized investment, financial, legal, tax advice, or any call to action. Certain statements contained herein may constitute projections, forecasts and other forward-looking statements, which do not reflect actual results, are for illustrative purposes only, are valid as of the date of this communication, and are subject to change without notice. Actual future performance of any assets or industries mentioned are unknown. Information provided by third party sources are believed to be reliable and have not been independently verified for accuracy or completeness and cannot be guaranteed. VanEck does not guarantee the accuracy of third party data. The information herein represents the opinion of the author(s), but not necessarily those of VanEck or its other employees.
VanEck Wealth Builder ETF (WBMO) Disclosures
An investment in the Fund involves a substantial degree of risk and is not suitable for all investors. Investors in the Fund should be willing to accept a high degree of volatility in the price of the Fund’s Shares and the possibility of significant losses. An investment in the Fund is not a deposit with a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Therefore, you should consider carefully various risks before investing in the Fund, each of which could significantly and adversely affect the value of an investment in the Fund.
An investment in the Fund may be subject to risks which include, among others, risks related to investing in Underlying ETPs, which may subject the Fund to ETP-related equity securities, foreign securities, ETP-related foreign currency, CLO, credit, interest rate, call, U.S. government securities, U.S. Treasury securities, commodities, digital asset instruments, gold, natural resources companies, MLPs, small-, medium- and large-capitalization companies, derivatives, futures contract, concentration, and BDCs risks, all of which may adversely affect the Fund. The Fund may also be subject to fund of funds, investing in ETPs, market, high portfolio turnover, data, cash transactions, operational, active management, authorized participant concentration, seed investor, new fund, no guarantee of active trading market, trading issues, fund shares trading, premium/discount, liquidity of fund shares, affiliated fund, non-diversified, and subsidiary investment risks. Certain Underlying ETPs and the Fund’s wholly owned subsidiary are not registered under the Investment Company Act of 1940 and do not afford the investor protections of registered funds. Foreign investments are subject to risks, which include changes in economic and political conditions, foreign currency fluctuations, changes in foreign regulations, and changes in currency exchange rates which may negatively impact the Fund’s returns. Small-, medium- and large-capitalization companies may be subject to elevated risks.
Digital asset instruments may be subject to risks associated with investing in digital asset exchange-traded products (“ETPs”), which include the historical extreme volatility of the digital asset and cryptocurrency market, as well as less regulation and thus fewer investor protections, as these ETPs are not investment companies registered under the Investment Company Act of 1940 (“1940 Act”) or commodity pools for the purposes of the Commodity Exchange Act (“CEA”).
Commodities may be subject to further risks, including derivatives risk and futures contract risk. This risk may be adversely affected by “negative roll yields” in “contango” markets. The Fund will “roll” out of one futures contract as the expiration date approaches and into another futures contract with a later expiration date. The "rolling" feature creates the potential for a significant negative effect on the Fund's performance that is independent of the performance of the spot prices of the underlying commodity. The "spot price" of a commodity is the price of that commodity for immediate delivery, as opposed to a futures price, which represents the price for delivery on a specified date in the future. The Fund would be expected to experience negative roll yield if the futures prices tend to be greater than the spot price. A market where futures prices are generally greater than spot prices is referred to as a “contango” market. Therefore, if the futures market for a given commodity is in contango, then the value of a futures contract on that commodity would tend to decline over time (assuming the spot price remains unchanged), because the higher futures price would fall as it converges to the lower spot price by expiration. Extended period of contango may cause significant and sustained losses. Additionally, because of the frequency with which the Fund may roll futures contracts, the impact of contango on Fund performance may be greater than it would have been if the Fund rolled futures contracts less frequently.
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 contain this and other information, call 800.826.2333 or visit vaneck.com. Please read the prospectus and summary prospectus carefully before investing.
© Van Eck Securities Corporation, Distributor, a wholly-owned subsidiary of Van Eck Associates Corporation | 666 Third Avenue | New York, NY 10017
Intelligently-designed exposure across asset classes for diversified portfolios
Important Disclosures
*WBMO Fees: WBMO Gross Expense Ratio – 0.33% (Management Fee 0.15% + Other Expenses 0.00% + Acquired Fund Fees and Expenses 0.18%, based on estimates for the current fiscal year). Fee Waivers – -0.07%. WBMO Net Expense Ratio – 0.26%. The Adviser has agreed to waive the management fee it charges the Fund by any amount the Adviser or its affiliates collect as a management fee from underlying funds. Van Eck Absolute Return Advisers Corporation (the “Adviser”) will pay all expenses of the Fund, except for the fee payment under the investment management agreement, acquired fund fees and expenses, interest expense, offering costs, trading expenses, taxes and extraordinary expenses. Notwithstanding the foregoing, the Adviser has agreed to pay the offering costs until at least February 1, 2028. Brokerage fees and commissions may apply. Please check with your broker.
Definitions
Exchange-traded fund (ETF): An investment fund that holds a basket of securities and trades on an exchange throughout the day, like a stock.
S&P 500 Index: A market-capitalization-weighted index of 500 large U.S. companies. It is not possible to invest directly in an index
Bitcoin (BTC): The first decentralized cryptocurrency, enabling peer-to-peer transactions without intermediaries, secured through a proof-of-work blockchain.
This is not an offer to buy or sell, or a recommendation to buy or sell any of the securities, financial instruments or digital assets mentioned herein. The information presented does not involve the rendering of personalized investment, financial, legal, tax advice, or any call to action. Certain statements contained herein may constitute projections, forecasts and other forward-looking statements, which do not reflect actual results, are for illustrative purposes only, are valid as of the date of this communication, and are subject to change without notice. Actual future performance of any assets or industries mentioned are unknown. Information provided by third party sources are believed to be reliable and have not been independently verified for accuracy or completeness and cannot be guaranteed. VanEck does not guarantee the accuracy of third party data. The information herein represents the opinion of the author(s), but not necessarily those of VanEck or its other employees.
VanEck Wealth Builder ETF (WBMO) Disclosures
An investment in the Fund involves a substantial degree of risk and is not suitable for all investors. Investors in the Fund should be willing to accept a high degree of volatility in the price of the Fund’s Shares and the possibility of significant losses. An investment in the Fund is not a deposit with a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Therefore, you should consider carefully various risks before investing in the Fund, each of which could significantly and adversely affect the value of an investment in the Fund.
An investment in the Fund may be subject to risks which include, among others, risks related to investing in Underlying ETPs, which may subject the Fund to ETP-related equity securities, foreign securities, ETP-related foreign currency, CLO, credit, interest rate, call, U.S. government securities, U.S. Treasury securities, commodities, digital asset instruments, gold, natural resources companies, MLPs, small-, medium- and large-capitalization companies, derivatives, futures contract, concentration, and BDCs risks, all of which may adversely affect the Fund. The Fund may also be subject to fund of funds, investing in ETPs, market, high portfolio turnover, data, cash transactions, operational, active management, authorized participant concentration, seed investor, new fund, no guarantee of active trading market, trading issues, fund shares trading, premium/discount, liquidity of fund shares, affiliated fund, non-diversified, and subsidiary investment risks. Certain Underlying ETPs and the Fund’s wholly owned subsidiary are not registered under the Investment Company Act of 1940 and do not afford the investor protections of registered funds. Foreign investments are subject to risks, which include changes in economic and political conditions, foreign currency fluctuations, changes in foreign regulations, and changes in currency exchange rates which may negatively impact the Fund’s returns. Small-, medium- and large-capitalization companies may be subject to elevated risks.
Digital asset instruments may be subject to risks associated with investing in digital asset exchange-traded products (“ETPs”), which include the historical extreme volatility of the digital asset and cryptocurrency market, as well as less regulation and thus fewer investor protections, as these ETPs are not investment companies registered under the Investment Company Act of 1940 (“1940 Act”) or commodity pools for the purposes of the Commodity Exchange Act (“CEA”).
Commodities may be subject to further risks, including derivatives risk and futures contract risk. This risk may be adversely affected by “negative roll yields” in “contango” markets. The Fund will “roll” out of one futures contract as the expiration date approaches and into another futures contract with a later expiration date. The "rolling" feature creates the potential for a significant negative effect on the Fund's performance that is independent of the performance of the spot prices of the underlying commodity. The "spot price" of a commodity is the price of that commodity for immediate delivery, as opposed to a futures price, which represents the price for delivery on a specified date in the future. The Fund would be expected to experience negative roll yield if the futures prices tend to be greater than the spot price. A market where futures prices are generally greater than spot prices is referred to as a “contango” market. Therefore, if the futures market for a given commodity is in contango, then the value of a futures contract on that commodity would tend to decline over time (assuming the spot price remains unchanged), because the higher futures price would fall as it converges to the lower spot price by expiration. Extended period of contango may cause significant and sustained losses. Additionally, because of the frequency with which the Fund may roll futures contracts, the impact of contango on Fund performance may be greater than it would have been if the Fund rolled futures contracts less frequently.
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 contain this and other information, call 800.826.2333 or visit vaneck.com. Please read the prospectus and summary prospectus carefully before investing.
© Van Eck Securities Corporation, Distributor, a wholly-owned subsidiary of Van Eck Associates Corporation | 666 Third Avenue | New York, NY 10017