MOO
VanEck Agribusiness ETF
MOO
VanEck Agribusiness ETF
-
NAV
$80.65
as of June 08, 2023 -
YTD RETURNS
-6.18%
as of June 08, 2023 -
Total Net Assets
$1.08B
as of June 08, 2023 -
Gross Expense Ratio
0.53% -
Net Expense Ratio
0.53% -
Inception Date
08/31/2007
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 0.56% of the Fund's average daily net assets per year until at least May 1, 2024. 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.
Fund Description
VanEck Agribusiness ETF (MOO®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS®Global Agribusiness Index (MVMOOTR), which is intended to track the overall performance of companies involved in: (i) agri-chemicals, animal health and fertilizers, seeds and traits, from farm/irrigation equipment and farm machinery, aquaculture and fishing, livestock, cultivation and plantations (including grain, oil palms, sugar cane, tobacco leafs, grapevines, etc.), and trading of agricultural products.
Overview
Fund Highlights
- Positioned to Meet Growing Demand
Global population growth is driving increasing food demand and the need for efficient agricultural solutions
- Pure Play with Global Scope
Companies must derive at least 50% of total revenues from agribusiness to be added to the Index
- Comprehensive Exposure
Index targets companies across the agribusiness industry from seeds and fertilizers to farming equipment and food producers