VanEck Durable High Dividend ETF (DURA) Stock Price, Quote, News & History

The Fund normally invests at least 80 percent of its total assets in securities that comprise the Funds benchmark index. The Morningstar US Dividend Valuation Index is comprised of securities of companies with a high dividend yield, strong financial health and an attractive uncertainty-adjusted valuation. Companies are selected by Morningstar, Inc. (Morningstar or the Index provider) from the universe of companies represented in the Morningstar US Market Index (the Parent Index), a broad market index representing 97 percent of U.S. market capitalization that meet certain trading frequency, exchange listing and liquidity requirements. The Morningstar US Dividend Valuation Index targets a select group of eligible securities from the Parent Index that rank in: (i) the top 50 percent as measured by trailing twelve month dividend yield; (ii) the top 50 percent of their peer group (there are two peer groups: companies that belong to the financial sector of Morningstar and the rest of the eligible universe) as measured by its distance to default score; and (iii) the top 70 percent of Morningstars star score metric. An eligible security must meet each of these three independent criteria to qualify for inclusion in the Morningstar US Dividend Valuation Index. Distance to default score is a measure of the financial stability of a company as determined by recent market data and financial accounting reports. Morningstars star score metric represents uncertainty-adjusted security valuation, which reflects the relationship between a companys market price and its fair value (as determined by Morningstars standardized, proprietary valuation model).