ETF Evaluator:
VanEck Morningstar Wide Moat Value ETF ()
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(as of Aug 20)
Best Performing in Large Value Over the Last Year
| 72.4% | iShares MSCI USA Value Factor ETF (VLUE) |
| 39.0% | SEI QiM U.S. Lrg Cap Value Actv ETF (SEIV) |
| 34.8% | LSV Disciplined Value ETF (LSVD) |
| 34.7% | iShares Core Dividend ETF (DIVB) |
| 34.4% | Avantis US Large Cap Value ETF (AVLV) |
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ETF Details
VanEck Morningstar Wide Moat Value ETF Overview
VanEck Morningstar Wide Moat Value ETF (MVAL) is a passively managed U.S. Equity Large Value exchange-traded fund (ETF). VanEck launched the ETF in 2024.
The investment seeks to track as closely as possible, before fees and expenses, the price and yield performance of the Morningstar® US Broad Value Wide Moat Focus Index.
The fund invests at least 80% of its total assets in securities that comprise the fund’s benchmark index. The index is comprised of equity securities of companies that Morningstar, Inc. determines have sustainable competitive advantages based on a proprietary methodology that considers quantitative and qualitative factors and are attractively priced and weighted according to a modified equal weighting scheme that tilts exposure in favor of pure value companies. It is non-diversified.
About VanEck Morningstar Wide Moat Value ETF (MVAL)
There are 2 members of the management team with an average tenure of 2.35 years: Peter Liao (2024) and Griffin Driscoll (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: Morningstar US Brd Val WMF TR USD index with a weighting of 100%. VanEck Morningstar Wide Moat Value ETF has 46 securities in its portfolio. The top 10 holdings constitute 39.8% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
VanEck Morningstar Wide Moat Value ETF is part of the Equity global asset class and is within the U.S. Equity ETF group. VanEck Morningstar Wide Moat Value ETF has 1.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 97.1% There is 1.4% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). VanEck Morningstar Wide Moat Value ETF has 1.6% of the portfolio in cash.
Assets Under Management
The fund has $1 million in total assets, which is below the $5 billion average for the Large Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
MVAL Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The VanEck Morningstar Wide Moat Value ETF expense ratio is average compared to funds in the Large Value category. VanEck Morningstar Wide Moat Value ETF has an expense ratio of 0.50%, which is 34% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. VanEck Morningstar Wide Moat Value ETF has a portfolio turnover rate of 44%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 40% for the Large Value category.
Recently, in the month of July 2026, VanEck Morningstar Wide Moat Value ETF returned 4.0%, which earned it a grade of B, as the Large Value category had an average return of 2.4%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
VanEck Morningstar Wide Moat Value ETF has a trailing yield of 1.67%, which is below the 1.70% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
VanEck Morningstar Wide Moat Value ETF Grades
Year to date, the ETF has returned 5.0%, 9.4 percentage points worse than the category, which translates into a grade of F. The fund has returned 15.2% over the past year (grade of F).
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MVAL Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| MVAL Return (NAV) | 4.0% | 4.7% | 15.2% | na | na | na |
| MVAL Return (Price) | 4.5% | 6.0% | 15.8% | na | na | na |
| NAV +/- Price Return | -0.530% | -1.238% | -0.534% | na | na | na |
| Large Value Avg | 2.4% | 5.9% | 24.1% | 16.3% | 11.3% | 12.1% |
| MVAL Grade (NAV) | B | D | F | na | na | na |
| +/- Category (NAV) | 1.6% | -1.2% | -8.9% | na | na | na |
| MVAL Tax-Cost Ratio | na | na | 0.7% | na | na | na |
MVAL Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| MVAL Return (NAV) | 5.0% | 14.0% | na | na | na | na | na | na | na | na | na |
| MVAL Return (Price) | 4.5% | 15.4% | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.110% | 0.102% | na | na | na | na | na | na | na | na | na |
| Large Value Avg | 14.4% | 14.8% | 15.5% | 13.1% | -6.5% | 26.7% | 5.4% | 27.4% | -6.6% | 17.7% | 15.7% |
| MVAL Grade (NAV) | F | D | na | na | na | na | na | na | na | na | na |
| +/- Category | -9.4% | -0.8% | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 1.7% |
| Total Assets: | $ 2 Mil |
| Share Class Assets: | $ 2 Mil |
| Turnover: | 44.0% |
| Expense Ratio: | 0.50% |
| Index Fund: | Yes |
| Index Tracked: | Morningstar US Brd Val WMF TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 2.4 years | |||
| Average Tenure: 2.4 years | |||
| Managers (Year): Liao Peter (2024), Driscoll Griffin (2024) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 46 |
| % in Top 10 Holdings: | 39.8% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 1.4% |
Portfolio Allocation |
|
| Domestic Stock: | 97.1% |
| Foreign Stock: | 1.4% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.6% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | VanEck |
| Phone Number: | 800-826-2333 |
| Website: | www.marketvectorsetfs.com |
| Inception Date: | March 26, 2024 |
Expenses and Fees
| Expense Ratio (%): | 0.50% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.37% |
