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A Durable Approach to Dividend Investing

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DURA
VanEck Morningstar Durable Dividend ETF

Fund Description

VanEck 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

    Cboe
  • ETF Structure

    Physical
  • Administrator

    Van Eck Associates
  • Custodian

    State Street Bank and Trust Company
  • Index Ticker

    MSUSDVTU
  • Index Reconstitution

    Semi-Annually

 
as of 09/23/21

  • 30-Day SEC Yield1

    3.04%
  • Total Net Assets

    $52.2M
  • Number of Holdings

    73
  • Options

    Expected
  • Gross Expense Ratio2

    0.73%
  • Net Expense Ratio/TER2

    0.29%
  • Distribution Frequency

    Quarterly
Why Invest?

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

Yield
as of 09/23/21

  • 30-Day SEC Yield1

    3.04%
  • Distribution Yield1

    2.40%
  • 12-Month Yield1

    2.93%
 1 See Important Disclosure for definitions.

Fees and Expenses2

  • Management Fee

    0.29%
  • Other Expenses

    0.44%
  • Gross Expense Ratio

    0.73%
  • Fee Waivers and
    Expense Reimbursement

    -0.44%
  • Net Expense Ratio/TER2

    0.29%
2Expenses for DURA are capped contractually at 0.29% until February 1, 2022. Cap excludes acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses.

Trading Information

  • Fund Ticker

    DURA
  • Index Total Return Ticker

    MSUSDVTU
  • NAV

    DURANV
  • Intraday NAV (IIV)4

    DURAIV
  • Shares Outstanding

    1,675,000
  • Estimated Cash

    DURAEU
  • Total Cash

    DURATC
  • CUSIP

    92189H102
  • ISIN

    US92189H1023
Source: Bloomberg

Investment Professionals

  • 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
  • Portfolio Manager and Analyst for Equity ETFs
  • Joined VanEck in 2007
  • Prior to his current role, held a portfolio administration position at VanEck
  • Previously, Portfolio Analyst at Evaluation Associates
  • BS, Business Administration (concentration in Financial Analysis), State University of New York at Buffalo
  • Analyst for Equity ETFs
  • Joined VanEck in 2018
  • Prior to joining VanEck, ETF Basket Operations Analyst at JPMorgan
  • BS, Finance, Providence College
  • Analyst for Equity ETFs
  • Joined VanEck in 2019
  • Prior to VanEck, Intermediate Representative, Exchange Traded Funds at BNY Mellon.
  • BS, Accounting, Hunter College

Prices as of 09/23/21

NAV/
Market 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
30-Day
Median
Bid Ask
Spread
NAV
Chart
DURA $31.18
$31.17
5,620
4,385
$0.26 / +0.85%
$0.24 / +0.78%
+11.27%
+11.12%
$0.00
-0.01%
0.03%

Premium/Discount History as of 09/23/21

Calendar Year 2020 3Q 2020 4Q 2020 1Q 2021 2Q 2021 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 138 21 37 49 40
DURA Days closed at NAV 42 18 11 6 10
Days closed at a discount 73 25 16 6 13


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) 1.87 4.12 14.92 21.90 -- -- -- 12.30
DURA (Share Price) 1.93 4.10 15.00 21.80 -- -- -- 12.33
MSUSDVTU (Index)** 1.90 4.21 14.16 22.30 11.23 -- -- 12.61
Performance Differential (NAV - Index) -0.03 -0.09 0.76 -0.40 -- -- -- -0.31
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
10/30/18
DURA (NAV) -0.65 3.22 9.64 24.48 -- -- -- 11.16
DURA (Share Price) -0.64 3.14 9.76 24.50 -- -- -- 11.20
MSUSDVTU (Index)** -0.62 3.31 8.87 24.90 11.69 -- -- 11.47
Performance Differential (NAV - Index) -0.03 -0.09 0.77 -0.42 -- -- -- -0.31

Top 10 Holdings (%) as of 08/31/21 Daily Holdings

Total Holdings: 80
Swipe
to view
full data
Holding Name
Ticker
Shares Market Value
(US$)
% of Net
Assets
PFIZER INC
PFE US
65,193
3,003,442 5.65
ABBVIE INC
ABBV US
21,169
2,556,792 4.81
JOHNSON & JOHNSON
JNJ US
14,632
2,533,238 4.77
JPMORGAN CHASE & CO
JPM US
15,055
2,408,047 4.53
PROCTER & GAMBLE CO/THE
PG US
16,484
2,347,157 4.42
PHILIP MORRIS INTERNATIONAL INC
PM US
22,769
2,345,207 4.41
VERIZON COMMUNICATIONS INC
VZ US
40,667
2,236,685 4.21
AT&T INC
T US
80,473
2,206,570 4.15
CISCO SYSTEMS INC/DELAWARE
CSCO US
33,736
1,991,099 3.75
COCA-COLA CO/THE
KO US
33,033
1,860,088 3.50
Top 10 Total (%) 44.20
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 08/31/21

  • Country

    % of Net Assets
  • United States

    99.84
  • Spain

    0.06
  • Other/Cash

    0.10

Sector Weightings (%) as of 08/31/21

  • Sector

    % of Net Assets
  • Health Care

    26.7
  • Consumer Staples

    24.7
  • Utilities

    11.0
  • Communication Services

    10.7
  • Financials

    9.0
  • Industrials

    8.1
  • Information Technology

    4.7
  • Consumer Discretionary

    3.6
  • Materials

    1.5
  • Other/Cash

    0.1