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GOAT
VanEck Vectors Morningstar Global Wide Moat UCITS ETF

Index Description

The Morningstar® Global Wide Moat Focus IndexSM tracks the overall performance of attractively priced global 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®Global Wide Moat Focus IndexSM

Index composition:
The Index contains at least 50 companies globally with sustainable competitive advantages trading at attractive valuations according to Morningstar.

Companies eligible for inclusion in the Index:

  • Derived from Morningstar® Global Markets 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:

  • Momentum screen: securities in the bottom 20% as ranked by 12-month price change at the time of review are excluded
  • 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 50 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 200% 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 Information

  • Index Provider

    Morningstar
  • Index Type

    Total Return
  • Currency

    USD
  • Inception Date

    23 Apr 2018
  • Reconstitution Frequency

    Semi-Annually, Staggered quarterly
  • Bloomberg Ticker

    MSGWMFNU
  • Reuters Ticker

    --

Index Currency Exposure (%)
as of 31 May 2021

  • USD

    63.98
  • CHF

    6.23
  • EUR

    6.06
  • GBP

    4.81
  • CAD

    4.40
  • AUD

    4.20
  • HKD

    3.43
  • JPY

    2.92
  • SEK

    1.98
  • DKK

    1.04
  • TWD

    0.96

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

Total Constituents: 68
Constituent Name
Ticker
Weightings (%)
Alphabet Inc-Cl A
GOOGL US
2.27
Toronto-Dominion Bank
TD CN
2.24
Gea Group Ag
G1A GR
2.22
Facebook Inc-Class A
FB US
2.21
Philip Morris International
PM US
2.17
Royal Bank Of Canada
RY CN
2.16
Berkshire Hathaway Inc-Cl B
BRK/B US
2.14
Yum China Holdings Inc
YUMC US
2.11
Emerson Electric Co
EMR US
2.08
Julius Baer Group Ltd
BAER VX
2.06
Top 10 Total (%) 21.66
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

    62.7
  • Switzerland

    6.2
  • United Kingdom

    4.8
  • China

    4.7
  • Canada

    4.4
  • Australia

    4.2
  • Germany

    4.0
  • Japan

    2.9
  • Sweden

    2.0
  • Belgium

    1.1
  • Denmark

    1.0
  • Taiwan

    1.0
  • France

    0.9

Index Sector Weightings (%) as of 31 May 2021

  • Sector

    Weightings (%)
  • Health Care

    19.6
  • Financials

    15.9
  • Industrials

    15.5
  • Information Technology

    14.6
  • Consumer Discretionary

    10.1
  • Consumer Staples

    9.9
  • Communication Services

    8.6
  • Materials

    3.9
  • Energy

    1.1
  • Utilities

    0.9