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Morningstar Wide Moat ETF MOAT

  • Full Name: Market Vectors® Morningstar
    Wide Moat ETF (MOAT®)

    Management Style: Replication

    Underlying Index: Morningstar® Wide Moat Focus IndexSM (MWMFTR)

    Index Provider: Morningstar

    Index Description: MWMFTR is a rules-based, equal-weighted index intended to offer exposure to the 20 most attractively priced companies with sustainable competitive advantages according to Morningstar's equity research team.

  •  
      

    • Fund Ticker

      MOAT
    • Exchange

      NYSE Arca
    • Commencement

      04/24/2012
    • ETF Structure

      Physical
    • Administrator

      Van Eck Associates
    • Custodian

      Bank of New York Mellon
    • Index Ticker

      MWMFTR
    • Index Rebalancing

      Quarterly
  •  
    as of 12/19/14

    • 30-Day SEC Yield1

      1.62%
    • Total Net Assets

      $985.1M
    • Number of Holdings

      21
    • Options

      Expected
    • Gross Expense Ratio2

      0.51%
    • Net Expense Ratio/TER2

      0.49%
    • Distribution Frequency

      Annual
    • Next Distribution Date

      --
  • Key Points

    Moat = Sustainable Competitive Advantage 
    Morningstar equity analysts use a time-tested proprietary process to determine if a company has an economic moat
    Index Favors Undervalued Stocks 
    Of the broad equity universe analyzed by Morningstar, currently about 10% receive a wide moat categorization; the 20 stocks with the most attractive valuations5 are selected for its Index
    Proven Index Track Record6 
    Index has generated significant excess returns relative to the overall market since inception (2/07)
  • Trading Information

    • Fund Ticker

      MOAT
    • Index Total Return Ticker

      MWMFTR
    • NAV

      MOATNV
    • Intraday NAV (IIV)4

      MOATIV
    • Shares Outstanding

      31,000,000
    • Estimated Cash

      MOATEU
    • Total Cash

      MOATTC
    • CUSIP

      57060U134
    • ISIN

      US57060U1346
    Source: Bloomberg
  • Fees & Expenses2

    • Management Fee

      0.45%
    • Other Expenses

      0.06%
    • Gross Expense Ratio

      0.51%
    • Fee Waivers and
      Expense Reimbursement

      -0.02%
    • Net Expense Ratio/TER2

      0.49%
    2 Expenses for MOAT are capped contractually at 0.49% until at least 2/01/15. Cap excludes certain expenses, such as interest. TER, or Total Expense Ratio, is also referred to as "Net Expense Ratio". See Important Disclosure for more information.
  • Prices as of 12/19/14

    NAV/
    Last Price
    Volume
    30-Day Avg./
    Last Trading Day
    Daily Change
    NAV/
    Last Price
    YTD Change
    NAV/
    Last Price
    Premium/
    Discount
    Prem/Discount
    Distribution Charts
    NAV &
    Prem/Discount
    History
    NAV
    Chart
    MOAT $31.78
    $31.82
    177,823
    239,629
    $0.21 / +0.67%
    $0.28 / +0.89%
    +10.3%
    +10.3%
    $0.04
    0.14%
  • View All Indices » View All ETFs » Performance History: Average Annual Total Returns* (%)

    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    04/24/12
    MOAT (NAV) 2.00 1.26 11.49 16.59 -- -- -- 20.27
    MOAT (Share Price) 1.94 1.26 11.37 16.58 -- -- -- 20.27
    MWMFTR (Index) 2.03 1.43 11.89 17.06 23.32 16.86 -- 20.80
    Performance Differential (NAV - Index) -0.03 -0.17 -0.40 -0.47 -- -- -- -0.53
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    04/24/12
    MOAT (NAV) -1.42 2.09 8.54 16.35 -- -- -- 20.47
    MOAT (Share Price) -1.29 2.15 8.56 16.24 -- -- -- 20.53
    MWMFTR (Index) -1.35 2.26 8.83 16.81 26.84 16.66 -- 20.99
    Performance Differential (NAV - Index) -0.07 -0.17 -0.29 -0.46 -- -- -- -0.52
  • View All Holdings »Top 10 Holdings (%)as of 11/30/14

    Total Holdings: 21
    Holding Name
    Ticker
    SharesMarket Value
    (US$)
    % of Net
    Assets
    Intercontinentalexchange Inc
    ICE US
    252,163
    56,986,3165.87
    Expeditors International Of Washington
    EXPD US
    1,142,467
    53,490,3045.51
    Express Scripts Inc
    ESRX US
    639,203
    53,149,7285.47
    Exelon Corp
    EXC US
    1,451,962
    52,517,4645.41
    Procter & Gamble Co/The
    PG US
    573,564
    51,867,3925.34
    Western Union Co/The
    WU US
    2,785,849
    51,761,0765.33
    Ebay Inc
    EBAY US
    938,802
    51,521,4525.30
    Polaris Industries Inc
    PII US
    327,676
    51,350,1045.29
    Lorillard Inc
    LO US
    810,615
    51,182,2325.27
    Monsanto Co
    MON US
    424,493
    50,900,9565.24
    Top 10 Total (%)54.03
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.
  • Country Weightings (%) as of 11/30/14

    • Country

      % of Net Assets
    • U.S.

      99.8
    • Other

      0.2
  • Sector Weightings (%) as of 11/30/14

    • Sector

      % of Net Assets
    • Information Technology

      19.6
    • Energy

      16.8
    • Consumer Staples

      15.8
    • Industrials

      10.5
    • Consumer Discretionary

      10.3
    • Health Care

      10.3
    • Financials

      5.9
    • Utilities

      5.4
    • Materials

      5.2
    • Other

      0.2