MGRO Fees and Costs — VanEck Morningstar Wide Moat Growth ETF
Data updated: 2025-08-21
The net expense ratio is 0.49%: a 0.45% management fee plus 12.63% other expenses, less a 12.59% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $84 in broker commissions, 0.0114% of average net assets, and portfolio turnover was 16%.
MGRO Fees and Expenses
Annual operating expenses and sales charges of MGRO. Prospectus, as of January 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | — |
| Other expenses | 12.63% |
| Gross expense ratio | 13.08% |
| Fee waiver | −12.59% |
| Net expense ratio | 0.49% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
MGRO Costs Over Time
On $10,000 invested in MGRO, assuming 5% a year before costs, total costs come to $317 over 5 years, cutting the return by 0.53% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.49%) | $51 | $161 | $281 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $53 | $173 | $317 |
| Value after costs | $10,447 | $11,403 | $12,446 |
| Impact on return, per year | 0.53% | 0.53% | 0.53% |
MGRO Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0114%
- Total broker commissions: $84
- Bought from dealers (principal trades, not a cost): $2.1M
- Portfolio turnover (prospectus): 16%
- Securities lending: none during the year
MGRO Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $59 | 70.77% |
| J.P. Morgan Securities LLC | $25 | 29.23% |
MGRO Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| National Securities Clearing Corporation | $2.1M | 100.00% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.