SMOT
VanEck Morningstar SMID Moat ETF
SMOT tracks an index made up of two equally-weighted sub-portfolios, comprised of small- and mid-cap companies believed to have durable competitive advantages and attractive valuations.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
362.3 M
ASSETS UNDER MGMT
49 bp
EXPENSES
Fund Basics
| Fund sponsor | VanEck |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 04, 2022 |
| Assets (mns) | $362 |
| Expense ratio | 49 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Equal |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| MARKETAXESS HOLDINGS INC | 1.5 % |
| CORTEVA INC | 1.5 % |
| EDWARDS LIFESCIENCES CORP | 1.5 % |
| AUTONATION INC | 1.4 % |
| ALLEGION PLC | 1.4 % |
| SS&C TECHNOLOGIES HOLDINGS | 1.4 % |
| CAMPBELL SOUP CO | 1.4 % |
| LPL FINANCIAL HOLDINGS INC | 1.4 % |
| WESTERN UNION CO | 1.3 % |
| RESMED INC | 1.3 % |
Constituent Breakdown
| Number of holdings | 107 |
| Herfindahl-Hirschman Index | 107 |
| Wgt avg mkt cap (mns) | $21,332 |
| Large cap (>$10bn) | 73.2% |
| Mid cap ($2-10bn) | 26.8% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 87.0 % |
 |
IRELAND | 2.2 % |
 |
BRITAIN | 2.0 % |
 |
SOUTH KOREA | 0.7 % |
 |
AUSTRALIA | 0.7 % |
Historical Performance
Standardized Performance (as of 03/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 2.8% | 8.8% | 10.0% | -- | -- | -- | -- | 14.3% |
| Dividend Yield | -7.7% | -12.7% | -4.7% | -- | -- | -- | -- | -9.7% |
| Total Returns | -4.9% | -3.9% | 5.3% | -- | -- | -- | -- | 4.7% | Ann. Volatility | 12.9% | 14.8% | 16.1% | -- | -- | -- | -- | 17.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.31 | 75% |
| MSCI EAFE | 1.16 | 61% |
| MSCI Emg Mkts | 1.05 | 48% |
Liquidity Measures
| Avg. volume (000) | 206 |
| Turnover | 1.8% |
| Avg. Bid/Ask (% of price) | 0.08% |
| ADV of underlying (mns) | $11,890 |
Technical Indicators
| Recent close | $31.57 |
| 30d moving avg. | $32.05 |
| Annualized volatility | 20.6% |
| Relative strength (RSI) | 39 |
| Short interest (ETF) | 0.2% |
| 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. SMOT |
Expenses vs. SMOT |
ALTAR Score™ vs. SMOT |
|---|---|---|---|---|
| MOAT | VanEck Morningstar Wide Moat ETF | 17.7% | -3 bp | -1.3% |
| MOTE | VanEck Morningstar ESG Moat ETF | 17.2% | 0 bp | -2.4% |
| IMCB | iShares Morningstar Mid-Cap ETF | 16.9% | -45 bp | -1.3% |
| IMCV | iShares Morningstar Mid-Cap Value ETF | 16.7% | -43 bp | +0.8% |
| FMDE | Fidelity Enhanced Mid Cap ETF | 16.5% | -26 bp | -1.5% |
| VO | Vanguard Mid-Cap ETF | 15.7% | -45 bp | -1.7% |
| VOE | Vanguard Mid-Cap Value ETF | 15.6% | -42 bp | +0.1% |
| IMCG | iShares Morningstar Mid-Cap Growth ETF | 15.0% | -43 bp | -3.3% |
| IWS | iShares Russell Mid-Cap Value ETF | 14.5% | -26 bp | -0.6% |
| IWR | iShares Russell Midcap ETF | 14.3% | -30 bp | -1.5% |
Risk and Returns: SMOT 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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025E | 2026E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2024 | 2025E | Fwd Est | 2026E | |
| 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 4/24/2025
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
SMOT
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™
SMOT
7.5%
Cat. Avg
6.0%
ALTAR Score™ Calculation
Category Overview
There are 959 funds in the US Equity category, with an average ALTAR Score™
of 6.0% and a standard deviation of
2.9%. SMOT's ALTAR Score™ is approximately
0.5 standard deviations
above
the category average. This places SMOT in the 70th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
SMOTSELL
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 |
| SMOT (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) |
|
|---|---|---|---|
| SMOT | 49.0 | 7.6 | 56.6 |
| Peer Avg. | 32.3 | 15.1 | 47.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .