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Sunday, August 23, 2026The Morning Brief →Sign in
SMOTVanEck

VanEck Morningstar SMID Moat ETF

$41.27+1.00% today
344152-WK

The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The index is comprised of small- and medium-capitalization companies as defined by Morningstar, that Morningstar determines have sustainable competitive advantages based on a proprietary methodology that considers quantitative and qualitative factors. It is non-diversified.

Price & daily flows
39.837.835.941.27DAILY NET FLOWAug 22Dec 19Apr 21Aug 21

SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN · NET −$112M OVER THIS RANGE

The desk’s read

Money is leaving — −$11M walked out over the past month, about 3.4% of the fund's asset base, while the price has returned +13.3% so far this year. At 0.49% a year it is not the cheapest way in — FLOW runs the same ground at 0.25%.

COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH

$332Massets under management
0.49%expense ratio · $49 per $10,000 a year
−$11Mnet flow, trailing month
25Kavg daily volume, 30 days
0holdings · US-domiciled
2022listed October 5, 2022 · beta 0.76
The book at a glance
IQV+1.5%ABNB+1.2%TECH+0.1%RPRX+1.2%BDX+2.3%AMCR+1.6%AYI+0.4%LW+0.4%XYZ+2.6%TRU-0.6%EL+6.0%BIIB+1.1%BMRN-1.4%SF+1.4%ZBH+2.0%OMC+0.5%BFB+0.1%MAS-0.1%CNH+8.4%DVN-0.4%MDLZ+0.5%CG+2.9%GEHC+1.0%CTVA+2.9%KHC+0.0%GNTX+0.2%DD-0.1%CI+1.1%CCL+1.4%CE-0.4%WMG+0.1%DOW-1.7%STZ+1.1%SBAC+1.1%ALGN+2.3%ALB+6.8%DDOG+1.3%NCLH+2.9%THC+3.0%CCI+0.2%

CELL SIZE IS PORTFOLIO WEIGHT · COLOR IS TODAY’S MOVE · TOP 40 POSITIONS

HoldingsDownload CSV
#HoldingWeightPriceDay52-wk
1IQVIQVIA HOLDINGS1.73%$259.82+1.5%
2ABNBAIRBNB1.67%$187.30+1.2%
3TECHBIO-TECHNE1.63%$72.32+0.1%
4RPRXROYALTY PHARMA1.49%$61.31+1.2%
5BDXBECTON DICKINSON &1.46%$192.00+2.3%
6AMCRAMCOR1.47%$48.59+1.6%
7AYIACUITY BRANDS1.47%$343.10+0.4%
8LWLAMB WESTON HOLDINGS1.47%$53.68+0.4%
9XYZBlock1.43%$82.16+2.6%
10TRUTRANSUNION1.45%$84.61-0.6%
11ELESTEE LAUDER1.32%$101.94+6.0%
12BIIBBIOGEN1.38%$216.78+1.1%
13BMRNBIOMARIN PHARMACEUTICAL1.41%$66.70-1.4%
14SFSTIFEL FINANCIAL1.37%$80.96+1.4%
15ZBHZIMMER BIOMET HOLDINGS1.34%$100.98+2.0%

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Sector weights
Consumer Cyclical21.89%
Technology17.64%
Finance12.5%
Electronic Technology12.06%
Producer Manufacturing11.9%
Retail Trade10.98%
Industrials10.69%
Financial Services10.47%
Technology Services10.03%
Healthcare9.47%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Country weights
United States99.92%
Cash0.08%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
1 week0.0%
1 month+6.4%
3 months+9.2%
6 months+10.8%
YTD+13.3%
1 year+12.3%
3 years

PRICE RETURN, DISTRIBUTIONS NOT REINVESTED

Net flows
1 week−$3M
1 month−$11M
3 months−$25M
YTD−$65M
1 year−$112M

CREATION/REDEMPTION DOLLARS, DAILY RECORDS

Monthly net flows
JulOctNovDecJanFebMarAprMayJunJulAug
DAILY CREATION/REDEMPTION RECORDS, TRAILING TWELVE MONTHS
The risk read
16%realized volatility, 30 days (annualized)
14%realized volatility, 1 year
-8.9%deepest fall from a peak, 1 year
at peakwhere it sits vs. that peak today

The top holding is 1.7% of the book; the top ten carry 15%. Spread across 110+ names, it behaves like roughly 97 equally-weighted positions.

VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK

Options tape
calls today
puts today
put/call ratio
19Kshares traded
Most-traded holdings, options premiumBullishBearish
DDOG DATADOG$15M$10M
RDDT REDDIT INC$12M$10M
NET CLOUDFLARE$8M$7M
ABNB AIRBNB$5M$7M
CG CARLYLE GROUP$284,677$11M

TODAY’S OPTIONS PREMIUM IN THE FUND’S UNDERLYING NAMES

InstrumentsHarvest substitutesTrade cost at $1MClient tearsheetStress this fund
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