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
372.9 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) | $373 |
| 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 +
| LITHIA MOTORS INC-CL A | 1.8 % |
| EXPEDIA GROUP INC | 1.8 % |
| CARNIVAL CORP | 1.7 % |
| DISCOVER FINANCIAL SERVICES | 1.7 % |
| NORWEGIAN CRUISE LINE HOLDIN | 1.7 % |
| CAPITAL ONE FINANCIAL CORP | 1.7 % |
| LIVE NATION INC | 1.7 % |
| DOORDASH, INC. CLASS A | 1.6 % |
| LPL FINANCIAL HOLDINGS INC | 1.6 % |
| BLOCK INC. | 1.6 % |
Constituent Breakdown
| Number of holdings | 108 |
| Herfindahl-Hirschman Index | 112 |
| Wgt avg mkt cap (mns) | $21,826 |
| Large cap (>$10bn) | 71.7% |
| Mid cap ($2-10bn) | 28.3% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 97.1 % |
 |
IRELAND | 1.3 % |
 |
BRITAIN | 1.1 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 5.6% | 27.4% | -- | -- | -- | -- | 9.1% | Volatility | -- | -- | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.28 | 71% |
| MSCI EAFE | 1.18 | 71% |
| MSCI Emg Mkts | 1.11 | 62% |
Liquidity Measures
| Avg. volume (000) | 102 |
| Turnover | 1.0% |
| Avg. Bid/Ask (% of price) | 0.08% |
| ADV of underlying (mns) | $18,680 |
Technical Indicators
| Recent close | $35.68 |
| 30d moving avg. | $34.92 |
| Annualized volatility | 20.2% |
| Relative strength (RSI) | 52 |
| Short interest (ETF) | 0.1% |
| 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 |
|---|---|---|---|---|
| ABCS | Alpha Blue Capital US Small-Mid Cap Dynamic ETF | 21.0% | -22 bp | -5.9% |
| IMCV | iShares Morningstar Mid-Cap Value ETF | 16.5% | -43 bp | +1.7% |
| IMCB | iShares Morningstar Mid-Cap ETF | 16.1% | -45 bp | -0.1% |
| VOE | Vanguard Mid-Cap Value ETF | 16.0% | -42 bp | +1.1% |
| MOAT | VanEck Morningstar Wide Moat ETF | 15.9% | -3 bp | -0.2% |
| VO | Vanguard Mid-Cap ETF | 15.8% | -45 bp | -0.5% |
| IWS | iShares Russell Mid-Cap Value ETF | 15.1% | -26 bp | +0.5% |
| IMCG | iShares Morningstar Mid-Cap Growth ETF | 14.5% | -43 bp | -1.9% |
| ONEY | SPDR Russell 1000 Yield Focus ETF | 14.4% | -29 bp | +3.4% |
| IWR | iShares Russell Midcap ETF | 14.1% | -30 bp | -0.4% |
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
| 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
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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
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
SMOT
5.9%
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%. SMOT's ALTAR Score™ is approximately
0.2 standard deviations
above
the category average. This places SMOT in the 57th 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. | 29.7 | 13.9 | 43.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .