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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 05/22/15

    • 30-Day SEC Yield1

      2.14%
    • Total Net Assets

      $910.5M
    • Number of Holdings

      21
    • Options

      Expected
    • Gross Expense Ratio2

      0.50%
    • Net Expense Ratio/TER2

      0.49%
    • Distribution Frequency

      Annual
    • Next Distribution Date

      12/18/2015
  • Morningstar™ Ratings3
    as of 04/30/15

    Category Overall 3 Year 5 Year
    Large Blend
       
    3 of 1346 Funds
       
    3 of 1346 Funds
    --
  • 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

      28,650,000
    • Estimated Cash

      MOATEU
    • Total Cash

      MOATTC
    • CUSIP

      57060U134
    • ISIN

      US57060U1346
    Source: Bloomberg
  • Fees & Expenses2

    • Management Fee

      0.45%
    • Other Expenses

      0.05%
    • Gross Expense Ratio

      0.50%
    • Fee Waivers and
      Expense Reimbursement

      -0.01%
    • Net Expense Ratio/TER2

      0.49%
    2 Expenses for MOAT are capped contractually at 0.49% until at least 2/01/16. 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 05/22/15

    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
    $31.77
    106,056
    46,877
    $-0.11 / -0.35%
    $-0.12 / -0.38%
    +2.3%
    +2.2%
    $-0.01
    -0.03%
  • 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) 3.86 8.62 1.38 7.64 16.02 -- -- 17.00
    MOAT (Share Price) 3.83 8.55 1.25 7.61 15.94 -- -- 16.98
    MWMFTR (Index) 3.89 8.74 1.57 8.25 16.56 14.28 -- 17.54
    Performance Differential (NAV - Index) -0.03 -0.12 -0.19 -0.61 -0.54 -- -- -0.54
    Quarter End as of 03/31/15
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    04/24/12
    MOAT (NAV) -1.85 -2.38 -2.38 4.85 -- -- -- 16.01
    MOAT (Share Price) -1.94 -2.48 -2.48 4.77 -- -- -- 16.00
    MWMFTR (Index) -1.77 -2.23 -2.23 5.45 14.79 14.54 -- 16.55
    Performance Differential (NAV - Index) -0.08 -0.15 -0.15 -0.60 -- -- -- -0.54
  • View All Holdings »Top 10 Holdings (%)  as of 04/30/15

    Total Holdings: 21
    Holding Name
    Ticker
    SharesMarket Value
    (US$)
    % of Net
    Assets
    Core Laboratories Nv
    CLB US
    410,552
    53,897,2675.80
    Schlumberger Ltd
    SLB US
    542,047
    51,283,0675.52
    Williams Cos Inc/The
    WMB US
    952,690
    48,768,2015.25
    Spectra Energy Corp
    SE US
    1,294,897
    48,234,9135.19
    International Business Machines Corp
    IBM US
    280,949
    48,123,7545.18
    General Electric Co
    GE US
    1,748,810
    47,357,7755.10
    Philip Morris International Inc
    PM US
    566,080
    47,250,6985.09
    Ww Grainger Inc
    GWW US
    189,737
    47,136,3635.07
    Express Scripts Inc
    ESRX US
    542,251
    46,850,4865.04
    Merck & Co Inc
    MRK US
    785,807
    46,802,6655.04
    Top 10 Total (%)52.28
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.
  • Country Weightings (%) as of 04/30/15

    • Country

      % of Net Assets
    • U.S.

      99.9
    • Other

      0.1
  • Sector Weightings (%) as of 04/30/15

    • Sector

      % of Net Assets
    • Energy

      31.6
    • Health Care

      24.7
    • Consumer Discretionary

      18.2
    • Industrials

      15.2
    • Information Technology

      5.2
    • Consumer Staples

      5.1
    • Other

      0.1