MOTE Fees and Costs — VanEck Morningstar ESG Moat ETF
Data updated: 2025-08-21
The net expense ratio is 0.50%: a 0.45% management fee plus 1.41% other expenses, less a 1.36% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $891 in broker commissions, 0.0146% of average net assets, and portfolio turnover was 33%.
MOTE Fees and Expenses
Annual operating expenses and sales charges of MOTE. Prospectus, as of January 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | — |
| Other expenses | 1.41% |
| Gross expense ratio | 1.86% |
| Fee waiver | −1.36% |
| Net expense ratio | 0.50% |
| 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 |
MOTE Costs Over Time
On $10,000 invested in MOTE, assuming 5% a year before costs, total costs come to $325 over 5 years, cutting the return by 0.54% 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 0.50%) | $52 | $165 | $287 |
| Trading costs (broker commissions) | $2 | $5 | $8 |
| Lost growth on money paid in costs | $0 | $8 | $30 |
| Total costs | $54 | $178 | $325 |
| Value after costs | $10,446 | $11,398 | $12,438 |
| Impact on return, per year | 0.54% | 0.54% | 0.54% |
MOTE 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): 0.0146%
- Total broker commissions: $891
- Bought from dealers (principal trades, not a cost): $5.3M
- Portfolio turnover (prospectus): 33%
- Securities on loan, average value: $0
- Net income from securities lending: $2 (0.000% of average net assets)
MOTE Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $490 | 55.05% |
| Morgan Stanley & Co. LLC | $368 | 41.31% |
| UBS Securities LLC | $13 | 1.50% |
| Goldman Sachs & Co. LLC | $8 | 0.95% |
| BofA Securities, Inc. | $6 | 0.67% |
| J.P. Morgan Securities LLC | $5 | 0.51% |
MOTE Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| National Securities Clearing Corporation | $5.3M | 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.