# VanEck Morningstar US SMID Moat UCITS ETF Accum A USD (SMTV) **Page:** https://fundology.uk/fund/smtv · ISIN IE000SBU19F7 ## At a glance > Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise. As of 13/11/2026, SMTV (VanEck Morningstar US SMID Moat UCITS ETF Accum A USD, ISIN IE000SBU19F7) closed at £20.61 on the London Stock Exchange. Its ongoing charge is 0.50% a year (about £50 on £10,000). Over the year to 13/11/2026 its total return was +17.0%, or +12.8% after UK CPIH inflation. ## Summary VanEck Morningstar US SMID Moat UCITS ETF Accum A USD is an exchange-traded fund (ETF) from VanEck, launched in 2024. It tracks the Morningstar US Small-Mid Cap Moat Focus. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.5% a year — about £50 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. Latest close: **£20.61** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | SMTV | | ISIN | IE000SBU19F7 | | Also listed as | SMOT (London Stock Exchange, US dollars) | | Category | US shares | | Type | ETF | | Provider | VanEck | | Tracks | Morningstar US Small-Mid Cap Moat Focus | | Income | Accumulating | | Ongoing charge | 0.50% a year (£50 per £10,000) | | Fund size | £10.5m | | Launched | 2024 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 12/01/2024 | ## Past returns (periods to 13/11/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | +16.95% | +12.81% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of VanEck Morningstar US SMID Moat UCITS ETF Accum A USD in pounds (price, with income reinvested in the fund): 2025 −1.7%; 2026 to 13/11/2026 +16.2%. Returns of VanEck Morningstar US SMID Moat UCITS ETF Accum A USD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +6.5%; to 30/09/2025: +3.4%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2025 | -1.7% | -5.0% | Price | | 2026 to 13/11/2026 | +16.2% | +12.5% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 10.82% | -7.32% | ## Largest fall Volatility of VanEck Morningstar US SMID Moat UCITS ETF Accum A USD in pounds, annualised from weekly returns to 13/11/2026: 10.8% over 1 year. Largest fall in the price of VanEck Morningstar US SMID Moat UCITS ETF Accum A USD since January 2024, in pounds: −24.0% from 31/01/2025 to 11/04/2025. The lowest 12-month return of VanEck Morningstar US SMID Moat UCITS ETF Accum A USD in pounds (price, with income reinvested in the fund) since January 2024 was −13.3% (12 months to 11/04/2025); the highest was +23.1% (12 months to 17/01/2025). On 13/11/2026 the price of VanEck Morningstar US SMID Moat UCITS ETF Accum A USD was at its highest weekly close since January 2024, in pounds. ## Charges compared with similar funds Ongoing charge of VanEck Morningstar US SMID Moat UCITS ETF Accum A USD 0.50% a year. Compared on 14/11/2026, 18 of the 254 other US share funds charge more, 3 the same and 233 less (share classes counted once). ## Charges & eligibility - Ongoing charges figure (OCF): **0.50%** per year - Stocks and shares ISA eligible: usually (check with your platform) - SIPP eligible: usually (check with your provider) - ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify. ## What it holds As of 13/11/2026, SMTV holds 109 positions, according to its published holdings. The largest is Becton, Dickinson at 1.69% of the fund; the ten largest make up 15.3%. ### Top holdings Largest positions (as of 13/11/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | Becton, Dickinson | [BDX](https://fundology.uk/stock/BDX) | 1.69% | | 2 | Veralto | [VLTO](https://fundology.uk/stock/VLTO) | 1.66% | | 3 | GE HealthCare Technologies | [GEHC](https://fundology.uk/stock/GEHC) | 1.56% | | 4 | Masco | [MAS](https://fundology.uk/stock/MAS) | 1.56% | | 5 | Lamb Weston | [LW](https://fundology.uk/stock/LW) | 1.52% | | 6 | Estee Lauder Companies | [EL](https://fundology.uk/stock/NYSE:EL) | 1.51% | | 7 | Global Payments | [GPN](https://fundology.uk/stock/GPN) | 1.47% | | 8 | DuPont de Nemours | [DD](https://fundology.uk/stock/DD) | 1.46% | | 9 | Zimmer Biomet | [ZBH](https://fundology.uk/stock/ZBH) | 1.46% | | 10 | Brown Forman | [BF.A](https://fundology.uk/stock/BF.A) | 1.44% | ## Where it invests Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed. ### By sector Added up from the fund’s published holdings, as of 06/11/2026. | Sector | Weight | |---|---| | Health Care | 23.0% | | Industrials | 21.6% | | Consumer Staples | 13.2% | | Materials | 10.4% | | Financials | 9.0% | | Consumer Discretionary | 8.5% | | Information Technology | 5.2% | | Utilities | 3.9% | | Other sectors | 5.1% | | Not classified | 0.1% | ### By country Added up from the fund’s published holdings, as of 06/11/2026. | Country | Weight | |---|---| | United States | 98.0% | | United Kingdom | 1.2% | | Netherlands | 0.7% | | Not classified | 0.1% | ### By type of asset Added up from the fund’s published holdings, as of 06/11/2026. | Type of asset | Weight | |---|---| | Equity | 100.0% | | Cash and money market | 0.1% | All 109 holdings: https://fundology.uk/fund/smtv/holdings ## Questions people ask **What is the ongoing charge of SMTV?** The ongoing charge of SMTV is 0.50% a year — about £50 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of VanEck Morningstar US SMID Moat UCITS ETF Accum A USD 0.50% a year. Compared on 14/11/2026, 18 of the 254 other US share funds charge more, 3 the same and 233 less (share classes counted once). **What does SMTV track?** SMTV tracks the Morningstar US Small-Mid Cap Moat Focus. **Is SMTV accumulating or distributing?** SMTV is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. **What is the ISIN of SMTV?** The ISIN of SMTV is IE000SBU19F7. An ISIN identifies one exact share class of a fund; SMTV is its ticker on the London Stock Exchange. The same share class is also listed as SMOT (London Stock Exchange, US dollars). **What does SMTV hold?** As of 13/11/2026, SMTV holds 109 positions, according to its published holdings. The largest is Becton, Dickinson at 1.69% of the fund; the ten largest make up 15.3%. Its ten largest holdings are Becton, Dickinson (1.69%), Veralto (1.66%), GE HealthCare Technologies (1.56%), Masco (1.56%), Lamb Weston (1.52%), Estee Lauder Companies (1.51%), Global Payments (1.47%), DuPont de Nemours (1.46%), Zimmer Biomet (1.46%) and Brown Forman (1.44%). **What were SMTV’s returns in each of the last five years?** Calendar-year returns of SMTV in pounds (price, with income reinvested in the fund): 2025 −1.7%; 2026 to 13/11/2026 +16.2%. Past performance is not a guide to future returns. **How has SMTV done after inflation?** Over the year to 13/11/2026 SMTV’s total return was +17.0%, or +12.8% after UK CPIH inflation. Past performance is not a guide to future returns. --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.