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MOAT Market Vectors Morningstar Wide Moat ETF

  • Fund Description

    VanEck Vectors Morningstar Wide Moat ETF (MOAT®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Morningstar® Wide Moat Focus IndexSM (MWMFTR), which is intended to track the overall performance of 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 Reconstitution

      Semi-Annually, Staggered quarterly
  •  
    as of 06/27/16

    • 30-Day SEC Yield1

      0.86%
    • Total Net Assets

      $657.3M
    • Number of Holdings

      41
    • Options

      Available
    • Gross Expense Ratio2

      0.50%
    • Net Expense Ratio/TER2

      0.49%
    • Distribution Frequency

      Annual
    • Next Distribution Date

      12/16/2016
  • Index Key Points

    Underlying Index: 

    Morningstar® Wide Moat Focus IndexSM

    The Index Composition:

    The Index contains at least 40 attractively priced U.S. companies with sustainable competitive advantages according to Morningstar's equity research team.

    Companies eligible for inclusion in the Index:

    • Derived from Morningstar® US Market IndexSM (Parent Index)
    • Assigned an Economic Moat rating of wide by Morningstar’s equity research team
    • Assigned a fair value estimate by Morningstar's equity research team

    Methodology Highlights:

    • Staggered reconstitution
      • Index is divided into two equally-weighted sub-portfolios, and each is reconstituted and rebalanced semi-annually on alternating quarters
      • Each sub-portfolio will contain 40 equally-weighted securities at its semi-annual reconstitution and weights will vary with market prices until the next reconstitution date.
      • Each sub-portfolio is reweighted to 50% of the total index every six months.
    • Buffer rule
      • At each quarterly review, current index constituents ranked within the top 150% of the eligible universe based on current market price/fair value ratio are given preference for inclusion
      • From among the remaining eligible securities, those with the lowest current market price/fair value ratios are included in the index
    • Sector cap: The greater of 40% or corresponding weight in Parent Index + 10%

    Index provider:

    Morningstar, Inc.

  • Index Profile

    • Ticker

      MWMFTR
    • Inception Date

      02/14/2007
    • Reconstitution Frequency

      Semi-Annually, Staggered Quarterly
  • Download All Index ConstituentsIndex Top 10 Constituents (%)  as of 05/31/16

    Total Constituents: 20
    Constituent Name
    Ticker
    Weightings (%)
    St Jude Medical Inc
    STJ US
    6.53
    Monsanto Co
    MON US
    5.63
    Bank Of New York Mellon Corp
    BK US
    5.19
    Visa Inc-Class A Shares
    V US
    5.14
    Mckesson Corp
    MCK US
    5.11
    Mastercard Inc-Class A
    MA US
    5.09
    Linkedin Corp - A
    LNKD US
    5.08
    Amgen Inc
    AMGN US
    5.08
    State Street Corp
    STT US
    5.07
    Norfolk Southern Corp
    NSC US
    5.06
    Top 10 Total (%)52.98
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.
  • Index Country Weightings (%) as of 05/31/16

    • Country

      Weightings (%)
    • UNITED STATES

      100.0
  • Index Sector Weightings (%) as of 05/31/16

    • Sector

      Weightings (%)
    • Health Care

      39.7
    • Financials

      25.0
    • Information Technology

      15.3
    • Industrials

      9.8
    • Materials

      5.6
    • Consumer Discretionary

      4.7