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MOAT
VanEck Vectors Morningstar US Wide Moat UCITS ETF

Index Description

The Morningstar Wide Moat Focus Index tracks the overall performance of attractively priced US companies with sustainable competitive advantages according to Morningstar’s equity research team. The rules-based index is reviewed quarterly. Please consult http://indexes.morningstar.com for detailed index information.

Index Key Points

Underlying Index
Morningstar Wide Moat Focus Index (MWMFTR)

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 IndexTM (Parent Index).
  • Assigned a Wide Economic Moat rating 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.


Please note, that the methodology of MOATs underlying index (MWMFTR) has changed on 20 June 2016. For more details please see the market announcement.

Index Information

  • Index Provider

    Morningstar
  • Index Type

    Total Return
  • Currency

    USD
  • Inception Date

    14 Feb 2007
  • Reconstitution Frequency

    Semi-Annually, Staggered quarterly
  • Bloomberg Ticker

    MWMFTR
  • Reuters Ticker

    .MWMFTR

Index Top 10 Constituents (%) as of 31 May 2021

Total Constituents: 49
Constituent Name
Ticker
Weightings (%)
Wells Fargo & Co
WFC US
3.19
Cheniere Energy Inc
LNG US
2.93
Alphabet Inc-Cl A
GOOGL US
2.78
Northrop Grumman Corp
NOC US
2.71
Raytheon Technologies Corp
RTX US
2.66
Philip Morris International
PM US
2.65
General Dynamics Corp
GD US
2.63
Berkshire Hathaway Inc-Cl B
BRK/B US
2.62
Yum! Brands Inc
YUM US
2.54
Altria Group Inc
MO US
2.50
Top 10 Total (%) 27.21
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Index Country Weightings (%) as of 31 May 2021

  • Country

    Weightings (%)
  • United States

    100.0

Index Sector Weightings (%) as of 31 May 2021

  • Sector

    Weightings (%)
  • Health Care

    20.3
  • Information Technology

    16.6
  • Industrials

    15.4
  • Financials

    13.3
  • Consumer Staples

    11.1
  • Communication Services

    7.4
  • Consumer Discretionary

    6.0
  • Materials

    4.8
  • Energy

    2.9
  • Utilities

    2.2