MVAL
VanEck Morningstar Wide Moat Value ETF
MVAL tracks a modified equal-weighted index of 30 to 60 value-oriented US stocks that Morningstar determines to be attractively priced and have sustainable competitive advantages.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
5.0 M
ASSETS UNDER MGMT
49 bp
EXPENSES
Fund Basics
| Fund sponsor | VanEck |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 26, 2024 |
| Assets (mns) | $5 |
| Expense ratio | 49 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | |
| Taxation | 1099 |
| Stock selection | |
| Weighting | |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| BRISTOL-MYERS SQUIBB CO | 5.3 % |
| GILEAD SCIENCES INC | 5.2 % |
| EMERSON ELECTRIC CO | 5.1 % |
| US BANCORP | 5.0 % |
| KENVUE, INC. | 4.9 % |
| ALTRIA GROUP INC | 4.8 % |
| CAMPBELL SOUP CO | 4.0 % |
| WALT DISNEY CO/THE | 3.7 % |
| PFIZER INC | 3.7 % |
| INTL FLAVORS & FRAGRANCES | 3.6 % |
Constituent Breakdown
| Number of holdings | 42 |
| Herfindahl-Hirschman Index | 325 |
| Wgt avg mkt cap (mns) | $107,603 |
| Large cap (>$10bn) | 96.5% |
| Mid cap ($2-10bn) | 3.5% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 95.9 % |
 |
NETHERLANDS | 2.1 % |
 |
IRELAND | 1.9 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 0.5% | -- | -- | -- | -- | -- | 0.5% | Volatility | -- | -- | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 1 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.00% |
| ADV of underlying (mns) | $25,667 |
Technical Indicators
| Recent close | $32.99 |
| 30d moving avg. | $33.27 |
| Annualized volatility | 0.0% |
| Relative strength (RSI) | 55 |
| Short interest (ETF) | 0.5% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. MVAL |
Expenses vs. MVAL |
ALTAR Score™ vs. MVAL |
|---|---|---|---|---|
| MOAT | VanEck Morningstar Wide Moat ETF | 65.7% | -3 bp | -0.8% |
| MOTE | VanEck Morningstar ESG Moat ETF | 27.1% | 0 bp | -1.3% |
| MOTG | VanEck Morningstar Global Wide Moat ETF | 26.3% | +3 bp | -0.8% |
| MGRO | VanEck Morningstar Wide Moat Growth ETF | 23.8% | 0 bp | -1.7% |
| DURA | VanEck Durable High Dividend ETF | 19.7% | -20 bp | +0.9% |
| EQWL | Invesco S&P 100 Equal Weight ETF | 17.8% | -24 bp | -0.2% |
| MBCC | Monarch Blue Chips Core ETF | 17.7% | +76 bp | -3.0% |
| SCHD | Schwab US Dividend Equity ETF | 16.8% | -43 bp | +2.8% |
| FDL | First Trust Morningstar Dividend Leaders Index Fund | 16.6% | -4 bp | +2.5% |
| SDOG | ALPS Sector Dividend Dogs ETF | 15.8% | -13 bp | +2.8% |
Risk and Returns: MVAL vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/15/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
MVAL
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
MVAL
6.5%
Cat. Avg
5.5%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.5% and a standard deviation of
2.4%. MVAL's ALTAR Score™ is approximately
0.4 standard deviations
above
the category average. This places MVAL in the 66th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
MVALSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| MVAL (49 bp) Percentile rank | 54 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| MVAL | 49.0 | 0.0 | 49 |
| Peer Avg. | 46.6 | 16.9 | 63.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .