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MOAT
VanEck Vectors Morningstar Wide Moat ETF

  • The latest quarterly review of MOAT’s Index, the Morningstar® Wide Moat Focus IndexSM(MWMFTR or “the Index”), on June 19, 2020 led to increased weightings for many stocks added in the previous rebalance. Also notable was the further reduction in FAANG stocks exposure from already low levels and the addition of well-known consumer brands, including Coca-Cola, Tiffany and Yum! Brands.
  • Index reviews during market volatility and sell-offs have, at times historically, benefited the index. Most recently, the Index allocated to many oversold semiconductor companies at the end of December 2018. Many of those companies helped fuel 2019 outperformance.
  • We believe MOAT’s valuations remain attractive signaling upside potential if the market recognizes the mispricing of the portfolio stocks based on Morningstar’s fair value assessments.

Read more in our latest Moat Investing blog.

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.

Why MOAT?

 
 

  • Fund Ticker

    MOAT
  • Exchange

    Cboe
  • ETF Structure

    Physical
  • Administrator

    Van Eck Associates
  • Custodian

    State Street Bank and Trust Company
  • Index Ticker

    MWMFTR
  • Index Reconstitution

    Semi-Annually, Staggered quarterly

 
as of 07/09/20

  • 30-Day SEC Yield1

    1.97%
  • Total Net Assets

    $3.3B
  • Number of Holdings

    49
  • Options

    Available
  • Gross Expense Ratio2

    0.48%
  • Net Expense Ratio/TER2

    0.48%
  • Distribution Frequency

    Annual

Morningstar™ Ratings3
as of 05/31/2020

Category Overall 3 Year 5 Year
Large Blend
5 stars of 1232 funds
5 stars of 1232 funds
5 stars of 1055 funds

Key Points

  • Wide Moat Companies
    A focus on U.S. companies Morningstar believes possess sustainable competitive advantages, or “moats”

  • Focus on Valuations
    Index targets companies trading at attractive prices relative to Morningstar’s estimate of fair value

  • Morningstar’s Equity Research
    Index fueled by Morningstar’s forward-looking, rigorous equity research process driven by over 100 analysts globally

Trading Information

  • Fund Ticker

    MOAT
  • Index Total Return Ticker

    MWMFTR
  • NAV

    MOATNV
  • Intraday NAV (IIV)4

    MOATIV
  • Shares Outstanding

    62,900,000
  • Estimated Cash

    MOATEU
  • Total Cash

    MOATTC
  • CUSIP

    92189F643
  • ISIN

    US92189F6438
Source: Bloomberg

Fees and Expenses2

  • Management Fee

    0.45%
  • Other Expenses

    0.03%
  • Gross Expense Ratio

    0.48%
  • Fee Waivers and
    Expense Reimbursement

    --
  • Net Expense Ratio/TER2

    0.48%
2Expenses for MOAT are capped contractually at 0.49% until February 1, 2021. Cap excludes acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses.

Prices as of 07/09/20

NAV/
Market 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
30-Day
Median
Bid Ask
Spread
NAV
Chart
MOAT $52.12
$52.11
605,789
641,241
-$0.65 / -1.23%
$-0.67 / -1.27%
-4.91%
-4.87%
$-0.01
-0.02%
0.02%

Premium/Discount History as of 07/09/20

Calendar Year 2019 2Q 2019 3Q 2019 4Q 2019 1Q 2020 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 164 43 28 47 23
MOAT Days closed at NAV 33 7 9 9 13
Days closed at a discount 55 13 27 8 26

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) 0.40 19.24 -4.62 10.14 11.29 12.92 -- 13.75
MOAT (Share Price) 0.33 19.41 -4.65 10.16 11.24 12.89 -- 13.74
MWMFTR (Index) 0.39 19.34 -4.59 10.49 11.78 13.48 15.58 14.30
Performance Differential (NAV - Index) 0.01 -0.10 -0.03 -0.35 -0.49 -0.56 -- -0.55
S&P 500 Index 1.99 20.54 -3.08 7.51 10.73 10.73 13.99 12.80
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
04/24/12
MOAT (NAV) 0.40 19.24 -4.62 10.14 11.29 12.92 -- 13.75
MOAT (Share Price) 0.33 19.41 -4.65 10.16 11.24 12.89 -- 13.74
MWMFTR (Index) 0.39 19.34 -4.59 10.49 11.78 13.48 15.58 14.30
Performance Differential (NAV - Index) 0.01 -0.10 -0.03 -0.35 -0.49 -0.56 -- -0.55
S&P 500 Index 1.99 20.54 -3.08 7.51 10.73 10.73 13.99 12.80

Top 10 Holdings (%) as of 06/30/20 Daily Holdings

Total Holdings: 49
Swipe
to view
full data
Holding Name
Ticker
Shares Market Value
(US$)
% of Net
Assets
BOEING CO/THE
BA US
570,137
104,506,112 3.17
MICROCHIP TECHNOLOGY INC
MCHP US
955,203
100,592,428 3.05
SERVICENOW INC
NOW US
228,560
92,580,514 2.81
CONSTELLATION BRANDS INC
STZ US
510,797
89,363,935 2.71
CHENIERE ENERGY INC
LNG US
1,841,432
88,977,994 2.70
GUIDEWIRE SOFTWARE INC
GWRE US
791,878
87,779,676 2.66
SALESFORCE.COM INC
CRM US
456,411
85,499,473 2.59
GENERAL DYNAMICS CORP
GD US
562,588
84,084,402 2.55
CATERPILLAR INC
CAT US
664,273
84,030,535 2.55
ZIMMER BIOMET HOLDINGS INC
ZBH US
691,946
82,590,675 2.51
Top 10 Total (%) 27.30
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 06/30/20

  • Country

    % of Net Assets
  • United States

    99.84
  • Other/Cash

    0.16

Sector Weightings (%) as of 06/30/20

  • Sector

    % of Net Assets
  • Information Technology

    19.9
  • Health Care

    18.1
  • Financials

    16.9
  • Industrials

    11.6
  • Consumer Staples

    11.0
  • Consumer Discretionary

    8.5
  • Communication Services

    5.2
  • Materials

    4.7
  • Energy

    2.7
  • Utilities

    1.2
  • Other/Cash

    0.2