Key stats
About VanEck ETF Trust VanEck Morningstar Wide Moat Growth ETF
Home page
Inception date
Mar 28, 2024
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Van Eck Associates Corp.
Distributor
Van Eck Securities Corp.
MGRO is passively managed to hold a concentrated portfolio of US stocks deemed as wide moat (attractively priced stocks with sustainable competitive advantages). Morningstar's equity research team determines the selection by assigning an economic moat rating and a fair value estimate to the companies in the Morningstar US Market Index. Wide moat companies with the lowest price/fair value ratios are considered for inclusion. A style score is also assigned to eligible companies using a 10-factor model incorporating backward- and forward-looking metrics such as earnings, dividends, sales, cash flow, and book value. Pure value stocks are screened out from the portfolio. The index initially weights the portfolio equally and then tilts weights in favor of pure growth companies. The index is divided into two sub-portfolios and follows a staggered schedule, where each sub-portfolio is reconstituted and rebalanced semi-annually in alternating quarters.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Technology Services
Producer Manufacturing
Stocks97.10%
Technology Services35.71%
Producer Manufacturing13.05%
Consumer Non-Durables8.74%
Electronic Technology8.43%
Retail Trade7.15%
Health Technology7.00%
Commercial Services5.17%
Finance4.84%
Consumer Durables3.23%
Industrial Services2.05%
Process Industries1.04%
Consumer Services0.70%
Bonds, Cash & Other2.90%
Cash2.90%
Stock breakdown by region
North America95.69%
Europe4.31%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
MGRO invests in stocks. The fund's major sectors are Technology Services, with 35.71% stocks, and Producer Manufacturing, with 13.05% of the basket. The assets are mostly located in the North America region.
MGRO top holdings are TransUnion and MarketAxess Holdings Inc., occupying 5.17% and 4.84% of the portfolio correspondingly.
MGRO assets under management is 4.96 M USD. It's fallen 9.79% over the last month.
MGRO fund flows account for 4.10 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, MGRO pays dividends to its holders with the dividend yield of 0.33%. The last dividend (Dec 24, 2024) amounted to 0.10 USD. The dividends are paid annually.
MGRO shares are issued by Van Eck Associates Corp. under the brand VanEck. The ETF was launched on Mar 28, 2024, and its management style is Passive.
MGRO expense ratio is 0.49% meaning you'd have to pay 0.49% of your investment to help manage the fund.
MGRO follows the Morningstar US Broad Growth Wide Moat Focus Index - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
MGRO invests in stocks.
MGRO price has risen by 2.19% over the last month, and its yearly performance shows a 8.87% increase. See more dynamics on MGRO price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 6.72% over the last month, showed a 15.62% increase in three-month performance and has increased by 4.07% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 6.72% over the last month, showed a 15.62% increase in three-month performance and has increased by 4.07% in a year.
MGRO trades at a premium (5.74%) meaning the ETF is trading at a higher price than the calculated NAV.