DURAVanEck Durable High Dividend ETF
Fund Description
VanEck Durable High 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
Cboe -
Inception Date
10/30/2018 -
ETF Structure
Physical -
Administrator
Van Eck Associates -
Index Ticker
MSUSDVTU -
Index Reconstitution
Semi-Annually
as of 03/31/23
-
30-Day SEC Yield1
3.52% -
Total Net Assets
$94.6M -
Number of Holdings
73 -
Options
No -
Gross Expense Ratio2
0.29% -
Net Expense Ratio/TER2
0.29% -
Distribution Frequency
Quarterly -
Next Distribution Date
06/30/2023
Key Documents and Links
Fund Highlights
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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
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Strong Financial Health
Index components feature strong balance sheet health relative to peers
Yield as of 03/31/23
-
30-Day SEC Yield1
3.52% -
Distribution Yield1
3.27% -
12-Month Yield1
3.10%
Fees and Expenses2
-
Management Fee
0.29% -
Other Expenses
-- -
Acquired Fund Fees and Expenses
-- -
Gross Expense Ratio
0.29% -
Fee Waivers and
--
Expense Reimbursement -
Net Expense Ratio/TER2
0.29%
2 Van Eck Associates 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, 2024.
Trading Information
-
Fund Ticker
DURA -
Index Total Return Ticker
MSUSDVTU -
NAV
DURANV -
Intraday NAV (IIV)4
DURAIV -
Shares Outstanding
3,050,000 -
Estimated Cash
DURAEU -
Total Cash
DURATC -
CUSIP
92189H102 -
ISIN
US92189H1023
Investment Professionals
Peter Liao, CFA
- 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
Griffin Driscoll
- Analyst for Equity ETFs
- Joined VanEck in 2018
- Prior to joining VanEck, ETF Basket Operations Analyst at JPMorgan
- BS, Finance, Providence College
Ralph Lasta
- Analyst for Equity ETFs
- Joined VanEck in 2019
- Prior to VanEck, Intermediate Representative, Exchange Traded Funds at BNY Mellon.
- BS, Accounting, Hunter College
Performance History: Average Annual Total Returns* (%)
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR |
LIFE 10/30/18 |
|
---|---|---|---|---|---|---|---|---|
DURA (NAV) | -3.28 | -4.72 | -2.96 | 1.31 | 8.95 | -- | -- | 8.08 |
DURA (Share Price) | -3.03 | -4.39 | -2.80 | 1.38 | 9.23 | -- | -- | 8.12 |
MSUSDVTU (Index)** | -3.26 | -4.65 | -2.91 | 1.62 | 9.27 | -- | -- | 8.39 |
Performance Differential (NAV - Index) | -0.02 | -0.07 | -0.05 | -0.31 | -0.32 | -- | -- | -0.31 |
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR |
LIFE 10/30/18 |
|
---|---|---|---|---|---|---|---|---|
DURA (NAV) | -1.82 | 17.00 | 2.47 | 2.47 | 6.22 | -- | -- | 9.19 |
DURA (Share Price) | -1.63 | 16.90 | 2.39 | 2.39 | 6.20 | -- | -- | 9.19 |
MSUSDVTU (Index)** | -1.79 | 17.07 | 2.78 | 2.78 | 6.05 | -- | -- | 9.50 |
Performance Differential (NAV - Index) | -0.03 | -0.07 | -0.31 | -0.31 | 0.17 | -- | -- | -0.31 |
Top 10 Holdings (%) as of 02/28/23
Daily HoldingsHolding Name |
Ticker
|
Shares
|
Market Value (US$) |
% of Net Assets |
---|---|---|---|---|
Merck & Co Inc |
MRK US
|
52,198
|
5,545,516 | 5.88 |
Broadcom Inc |
AVGO US
|
8,968
|
5,329,593 | 5.65 |
Cisco Systems Inc |
CSCO US
|
100,555
|
4,868,873 | 5.16 |
Altria Group Inc |
MO US
|
100,786
|
4,679,494 | 4.96 |
Philip Morris International Inc |
PM US
|
48,032
|
4,673,514 | 4.95 |
International Business Machines Corp |
IBM US
|
35,420
|
4,579,806 | 4.85 |
Verizon Communications Inc |
VZ US
|
111,443
|
4,325,103 | 4.58 |
Johnson & Johnson |
JNJ US
|
27,956
|
4,284,537 | 4.54 |
Pfizer Inc |
PFE US
|
98,799
|
4,008,275 | 4.25 |
Bristol-Myers Squibb Co |
BMY US
|
49,960
|
3,445,242 | 3.65 |
Top 10 Total (%) | 48.46 |
Country Weightings (%)
as of 02/28/23
Country | % of Net Assets |
---|---|
● United States | 100.07 |
● Other/Cash | -0.07 |
Sector Weightings (%)
as of 02/28/23
Sector | % of Net Assets |
---|---|
● Health Care | 27.97 |
● Information Technology | 21.49 |
● Consumer Staples | 16.00 |
● Industrials | 10.29 |
● Financials | 8.57 |
● Communication Services | 4.74 |
● Utilities | 3.86 |
● Energy | 3.15 |
● Consumer Discretionary | 2.75 |
● Materials | 1.26 |
● Other/Cash | -0.07 |