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  • Ticker:- MOAT;false;MWMFTR;
  • Ticker Group:- ETFEQ_BB;false;;

  • Making News

    ETF Trends: Morningstar ‘Wide Moat’ ETF Soaks Up Warren Buffett’s Approach


    4/25/13: ETF Trends’ John Spence highlights the numerous benefits of MOAT and consults Van Eck Global product manager, Brandon Rakszawski. “The fund is a good example of index-based ETFs that attempt to incorporate active-manager strategies in rules-based benchmarks.”

    View article >> 


    Barron's: Top-Rated Wide-Moat Stocks


    1/17/13: Barron’s Jack Hough writes, "So-called wide-moat stocks are racking up impressive gains and should continue to do so." Hough spotlights  MOAT as a new ETF launched in 2012 by Van Eck's Market Vectors.

    View article >>  


    WSJ: What ETF Managers Do


    1/04/13: Reporter A. Weinberg interviews Market Vectors’ Hao-Hung (Peter) Liao, "who leads a handful of portfolio managers at Van Eck Global who oversee some $24 billion in investor assets around the world." The primary mission of Liao and his ETF team is to keep each Fund’s “holdings and the value of those holdings, precisely in line with the indexes they track."
    View article >> 


    WSJ: The Case for Wide Moat Stocks


    6/15/12: The WSJ’s J. Hough reports, "Morningstar recently teamed up with asset manager Van Eck Global to turn its moat index into an exchange-traded fund, MOAT." Hough explains that “Moat-based investing isn't new", given that Warren Buffett has “used the term 20 times since 1986 to describe his investment process in annual letters to shareholders."

    View article >> 


    MOAT: An ETF Tailored for an Uncertain Market


    5/30/12: Tom Lydon of ETF Trends writes about MOAT as "proving to be good to help investors navigate this uncertain market." He explains that, "a company with a wide moat is one that Morningstar rates as having a sustainable competitive advantage over their rivals."
    View article >>     


  • How to Purchase

    Learn more

Wide Moat ETF MOAT

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

    Management Style: Replication

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

    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

    • Index Total Return Ticker

      MWMFTR

    • Index Provider

      Morningstar

    • Total Net Assets

      $238.4M

    • Shares Outstanding

      9,550,000

    • Number of Holdings

      21

    • Commencement Date

      04/24/2012

  •   as of 06/19/13

  • 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

      9,550,000

    • Estimated Cash

      MOATEU

    • Total Cash

      MOATTC

    • CUSIP

      57060U134

    • ISIN

      US57060U1346
    Source: Bloomberg

  • Fees & Expenses2

    • Management Fee

      0.45%

    • Other Expenses

      0.59%

    • Gross Expense Ratio

      1.04%

    • Fee Waivers and
      Expense Reimbursement

      (0.55)%

    • Net Expense Ratio

      0.49%
    2 Expenses for MOAT are capped contractually at 0.49% until at least 2/01/14. Cap excludes certain expenses, such as interest. See Important Disclosure for more information.

  • Prices as of 06/19/13

    TickerNAV/
    Last Price    		Avg. 30-Day
    Trading
    Volume    		Daily Change
    NAV/
    Last Price    		 YTD Change
    NAV/
    Last Price    		Premium/
    Discount    		Prem/Discount
    Distribution Charts    		NAV &
    Prem/Discount
    History    		NAV
    Price
    Chart
    MOAT $24.96
    $24.99         		109,400
    99,108
    $-0.28 / -1.1%
    $-0.26 / -1.0%
    		+ 12.5%
    + 12.5%
    		$0.03
    0.12%

  • 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) 4.01 8.97 12.21 32.90 -- -- -- 21.86
    MOAT (Share Price) 4.09 8.91 12.25 32.78 -- -- -- 22.00
    MWMFTR (Index) 4.03 9.05 12.36 33.48 17.97 12.66 13.29 22.38
    Performance Differential (NAV - Index) -0.02 -0.08 -0.15 -0.58 -- -- -- -0.52
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    04/24/12
    MOAT (NAV) 4.01 8.97 12.21 32.90 -- -- -- 21.86
    MOAT (Share Price) 4.09 8.91 12.25 32.78 -- -- -- 22.00
    MWMFTR (Index) 4.03 9.05 12.36 33.48 17.97 12.66 13.29 22.38
    Performance Differential (NAV - Index) -0.02 -0.08 -0.15 -0.58 -- -- -- -0.52

    *Returns less than one year are not annualized.

    The table presents past performance which is no guarantee of future results and which may be lower or higher than current performance. Returns reflect temporary contractual fee waivers and/or expense reimbursements. Had the ETF incurred all expenses and fees, investment returns would have been reduced. Investment returns and ETF share values will fluctuate so that investors' shares, when redeemed, may be worth more or less than their original cost. ETF returns assume that dividends and capital gains distributions have been reinvested in the Fund at NAV.

    The "Net Asset Value" (NAV) of a Market Vectors Exchange Traded Fund (ETF) is determined at the close of each business day, and represents the dollar value of one share of the fund; it is calculated by taking the total assets of the fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV is not necessarily the same as the ETF 's intraday trading value. Market Vectors ETF investors should not expect to buy or sell shares at NAV.

  • View All Holdings » Top 10 Holdings (%) as of 05/31/13

    Total Holdings: 21
    Holding Name
    Ticker
    		 Shares Market Value
    (US$)     		% of Net
    Assets
    Microsoft Corp
    MSFT US
    		 389,127 13,655,861 5.87
    Compass Minerals International Inc
    CMP US
    		 143,589 12,607,832 5.42
    General Dynamics Corp
    GD US
    		 161,647 12,462,984 5.35
    Western Union Co/The
    WU US
    		 760,424 12,455,745 5.35
    Applied Materials Inc
    AMAT US
    		 808,122 12,359,793 5.31
    Intel Corp
    INTC US
    		 500,233 12,239,966 5.26
    Berkshire Hathaway Inc
    BRK/B US
    		 105,892 12,079,100 5.19
    Weight Watchers International Inc
    WTW US
    		 258,195 11,838,241 5.09
    Bank of New York Mellon Corp/The
    BK US
    		 390,934 11,751,476 5.05
    Express Scripts Inc
    ESRX US
    		 186,577 11,590,163 4.98
    Top 10 Total (%) 52.87
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.

  • Domicile Weightings (%) as of 05/31/13

    • Domicile

      % of Net Assets

    • U.S.

      100.3

    • Other

      -0.3

    • Total

      100.0

  • Sector Weightings (%) as of 05/31/13

    • Sector

      % of Net Assets

    • Industrials

      23.9

    • Information Technology

      21.8

    • Materials

      15.1

    • Financials

      10.2

    • Health Care

      9.9

    • Consumer Discretionary

      9.8

    • Energy

      4.9

    • Utilities

      4.7

    • Other

      -0.3

    • Total

      100.0
  • Contact Us

    Van Eck Securities
    Corporation, Distributor
    335 Madison Avenue, 19th Fl.
    New York, NY 10017
    888.MKT.VCTR
    888.658.8287
    marketvectors@vaneck.com

  • Important Disclosure

    130-Day SEC Yield is calculated daily, and is a standard yield calculation developed by the Securities and Exchange Commission that allows for fairer comparisons primarily among bond funds. It is based on the most recent 30-day period. This yield figure reflects the interest earned during the period after deducting the fund's expenses for the period. It does not reflect the yield an investor would have received if they had held the fund over the last twelve months assuming the most recent NAV. The 12-Month yield is calculated by summing any income distributions over the past twelve months and dividing by the sum of the most recent NAV and any capital gain distributions made over the past twelve months.

    2MOAT Fees & Expenses:  "Other Expenses" are based on estimated amounts for the current fiscal year. Van Eck Associates Corporation (the “Adviser”) has agreed to waive fees and/or pay Fund expenses to the extent necessary to prevent the operating expenses of the Fund (excluding acquired fund fees and expenses, interest expense, offering costs, trading expenses, taxes and extraordinary expenses) from exceeding 0.49% of the Fund’s average daily net assets per year until at least February 1, 2014. During such time, the expense limitation is expected to continue until the Fund’s Board of Trustees acts to discontinue all or a portion of such expense limitation.

    3Morningstar Ratings: ©2013 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. 

    4IIV is an abbreviation for An ETF's intraday indicative value; it is an estimated fair value of its holdings based on the most recent prices of its underlying securities and other assets. Intraday values are typically updated every 15 seconds and should closely approximate the net asset value (NAV) of an ETF throughout the trading day. ETF intraday values are calculated by an exchange (e.g., the NYSE Arca) and are distributed through quote services.

    5According to Morningstar’s proprietary valuation methodology.

    6Index performance is not indicative of Fund performance. Prior to April 24, 2012, the Fund had no operating history.

    For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics.

    Prior to April 24, 2012, the Fund had no operating history. An investor cannot invest directly in an index. Returns reflect past performance and do not guarantee future results. Results reflect the reinvestment of dividends and capital gains, if any. Index returns do not represent Fund returns. The Index does not charge management fees or brokerage expenses, nor does the Index lend securities, and no revenues from securities lending were added to the performance shown.

    The Morningstar® Wide Moat Focus IndexSM was created and is maintained by Morningstar, Inc. Morningstar, Inc. does not sponsor, endorse, issue, sell, or promote the Market Vectors Wide Moat ETF and bears no liability with respect to that ETF or any security. Morningstar® is a registered trademark of Morningstar, Inc. Morningstar® Wide Moat Focus IndexSM is a service mark of Morningstar, Inc.

    The Morningstar® Wide Moat Focus IndexSM consists of 20 companies identified as having sustainable, competitive advantages and whose stocks are the most attractively priced, according to Morningstar. The S&P 500 Index consists of 500 widely held common stocks.

    The value of the securities held by the Fund may fluctuate due to market and economic conditions or factors relating to specific issuers. Small- and medium-capitalization companies may be more volatile than large-capitalization companies. The Fund is subject to index tracking risk and may not be able to invest in certain securities in the exact proportions in which they are represented in the Index. The Fund’s assets may be concentrated in a particular sector and may be subject to more risk than investments in a diverse group of sectors.

    Index returns are not Fund returns and do not reflect any management fees or brokerage expenses. Investors can not invest directly in the Index. Returns for actual Fund investors may differ from what is shown because of differences in timing, the amount invested and fees and expenses. Index returns assume that dividends have been reinvested.

    The S&P® 500 Index consists of 500 widely held common stocks covering industrial, utility, financial and transportation sector; as an Index, it is unmanaged and is not a security in which investments can be made.

    The “Net Asset Value” (NAV) of a Market Vectors Exchange Traded Fund (ETF) is determined at the close of each business day, and represents the dollar value of one share of the fund; it is calculated by taking the total assets of the fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV is not necessarily the same as the ETF’s intraday trading value. Market Vectors ETF investors should not expect to buy or sell shares at NAV.

    Fund shares are not individually redeemable and will be issued and redeemed at their NAV only through certain authorized broker-dealers in large, specified blocks of shares called "creation units" and otherwise can be bought and sold only through exchange trading. Creation units are issued and redeemed principally in kind. Shares may trade at a premium or discount to their NAV in the secondary market. You will incur brokerage expenses when trading Fund shares in the secondary market. Past performance is no guarantee of future results. Returns for actual Fund investments may differ from what is shown because of differences in timing, the amount invested, and fees and expenses.

    Investing involves substantial risk and high volatility, including possible loss of principal. Bonds and bond funds will decrease in value as interest rates rise. An investor should consider the investment objective, risks, charges and expenses of the Fund carefully before investing. To obtain a prospectus and summary prospectus, which contains this and other information, call 888.MKT.VCTR or visit vaneck.com/etf. Please read the prospectus and summary prospectus carefully before investing. 

    Not FDIC Insured — No Bank Guarantee — May Lose Value

© 2013 Van Eck Securities Corporation. All rights reserved.