VanEck Agribusiness ETF

VanEck Agribusiness ETF (MOO) is an index fund that tracks the MVIS Global Agribusiness Index. It holds about 50 fertilizer, seed, farm-machinery, animal-health, livestock and crop-trading companies around the world. It had about $944 million in net assets as of June 30, 2026, which makes it much larger than the other agriculture-focused ETFs it is usually compared with. Its 0.56% expense ratio is above the 0.49% average of similar funds, and its 10 largest holdings make up 60% of the fund.

• Over the year to Oct 27, 2026, MOO returned +11.9%, 4th of 7 among similar funds.
• Its 5-year annualized return was -0.7% and its 10-year +7.2%.
• In the 2020 COVID crash it fell 33.8% and regained its old high 4.6 months after the low.
• Its worst full calendar year was 2008 (-51.0%); its best was 2009 (+58.7%).
• The deepest fall in its price history was 69.5% (Jun 17, 2008 to Nov 20, 2008), recovered by Jul 25, 2017.

As of Jun 30, 2026, the fund held 49 securities; the ten largest made up 60.18% of assets.

• Over the three months to Jun 30, 2026, investors withdrew a net $112.4M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: -0.47%, -4.88%, -0.47%.

MOO is a passive fund. It aims to match the price and yield performance of the MVIS Global Agribusiness Index, before fees and expenses. It normally keeps at least 80% of its assets in the index's stocks, and it does not try to beat the index.

To join the index, a company must earn at least 50% of its revenue from agribusiness. That includes crop chemicals, fertilizers and animal health; seeds; farm and irrigation machinery; fishing and fish farming; livestock; plantations growing crops such as grain, oil palms and sugar cane; and trading farm products. Small and mid-size companies and foreign firms can qualify. As of December 31, 2025, the index held 47 stocks. Their market value (the total value of a company's shares) ranged from about $759 million to $125.9 billion, with a weighted average of $29.4 billion.

The fund generally owns the same stocks as the index rather than a sample. Portfolio turnover, the share of holdings replaced in a year, was 17%. The fund is "non-diversified," which means it can put more of its money in a single company. As of June 30, 2026, Bayer, Corteva and Deere each made up roughly 9% of the fund. It held no derivatives. About 49% was in US companies, and the rest was spread across Germany, Norway, Japan, Canada and other countries, which adds currency risk.

• MOO charges 0.56% a year, versus an average of 0.49% for the similar funds below (6th of 7, cheapest first).
• Of that, 0.5% is the management fee; the rest covers other fund expenses.
• Using the prospectus's standard example, $10,000 invested would cost about $57 in the first year and $701 over 10 years (assuming a 5% annual return).

It focuses narrowly on farm-economy stocks, and after falling 69.5% in 2008 it took years to recover, so it fits a small slice of a portfolio better than a core position.

MOO adds concentrated exposure to fertilizer, seed, farm-machinery and food companies. Its one-year beta of 0.3 (a measure of how much a fund moves with the market) shows it has not tracked the stock market closely. Its drops, however, have been deep. It fell 69.5% from June to November 2008 and took about 104 months, until July 2017, to recover. Its worst calendar year was 2008, at -51%. It dropped 33.8% in the 2020 COVID crash but recovered by August 2020. After a 25.5% fall from its April 2022 peak, it had not regained that level as of October 27, 2026. Anyone who had to sell shares during these stretches would have locked in losses.

The trailing 12-month yield was 2.23% as of October 27, 2026, paid once a year. In the SEC's standard $10,000 example, costs total $57 after one year and $701 after 10 years. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.

Matched by holdings overlap from the latest N-PORT reports.