Skip directly to Accessibility Notice
VanEck logo

MOAT
VanEck Vectors Morningstar Wide Moat ETF

Latest Market Updates*

  • FAANG (Facebook, Apple, Amazon, Netflix, and Google) stocks have accounted for an outsized portion of U.S. market returns in recent years. However, the Morningstar® Wide Moat Focus IndexSM(MWMFTR or “the Index”), has outperformed the S&P 500 Index through July 31, 2020 in many trailing periods including the 2-, 3-, and 5-year timeframes, despite its underweight to FAANGs.
  • Index reviews during market volatility and sell-offs have, at times historically, benefited the index. Recently, the Index allocated to oversold companies like Boeing (BA) and Constellation Brands (STZ) at the end of March 2020 which have since outperformed the S&P 500, as of July 31, 2020.
  • 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.

 
 

  • 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 09/24/20

  • 30-Day SEC Yield1

    1.90%
  • Total Net Assets

    $3.3B
  • Number of Holdings

    48
  • Options

    Available
  • Gross Expense Ratio2

    0.48%
  • Net Expense Ratio/TER2

    0.48%
  • Distribution Frequency

    Annual

Morningstar™ Ratings3
as of 08/31/2020

Category Overall 3 Year 5 Year
Large Blend
5 stars of 1223 funds
4 stars of 1223 funds
5 stars of 1061 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

    61,900,000
  • 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 09/24/20

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 $53.15
$53.13
322,973
260,434
-$0.01 / -0.01%
$-0.01 / -0.02%
-3.03%
-3.01%
$-0.02
-0.04%
0.02%

Premium/Discount History as of 09/24/20

Calendar Year 2019 3Q 2019 4Q 2019 1Q 2020 2Q 2020 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 164 28 47 23 37
MOAT Days closed at NAV 33 9 9 13 5
Days closed at a discount 55 27 8 26 21

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) 6.03 9.02 3.57 18.98 14.34 15.97 -- 14.58
MOAT (Share Price) 5.92 8.97 3.56 18.93 14.30 15.95 -- 14.57
MWMFTR (Index) 6.07 9.11 3.70 19.37 14.84 16.54 16.50 15.13
Performance Differential (NAV - Index) -0.04 -0.09 -0.13 -0.39 -0.50 -0.57 -- -0.55
S&P 500 Index 7.19 15.48 9.74 21.94 14.52 14.46 15.16 14.21
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 08/31/20 Daily Holdings

Total Holdings: 49
Swipe
to view
full data
Holding Name
Ticker
Shares Market Value
(US$)
% of Net
Assets
SALESFORCE.COM INC
CRM US
447,968
122,138,475 3.48
SERVICENOW INC
NOW US
224,385
108,158,058 3.09
MICROCHIP TECHNOLOGY INC
MCHP US
937,371
102,829,599 2.93
BOEING CO/THE
BA US
558,909
96,031,744 2.74
ZIMMER BIOMET HOLDINGS INC
ZBH US
678,939
95,648,926 2.73
CHENIERE ENERGY INC
LNG US
1,806,749
94,041,285 2.68
CATERPILLAR INC
CAT US
651,885
92,769,754 2.65
CONSTELLATION BRANDS INC
STZ US
500,835
92,394,041 2.64
MEDTRONIC PLC
MDT US
844,828
90,793,665 2.59
COMPASS MINERALS INTERNATIONAL INC
CMP US
1,569,641
89,359,662 2.55
Top 10 Total (%) 28.08
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 08/31/20

  • Country

    % of Net Assets
  • United States

    99.84
  • Other/Cash

    0.16

Sector Weightings (%) as of 08/31/20

  • Sector

    % of Net Assets
  • Information Technology

    20.5
  • Health Care

    18.3
  • Financials

    16.5
  • Consumer Staples

    11.2
  • Industrials

    10.9
  • Consumer Discretionary

    8.8
  • Communication Services

    4.9
  • Materials

    4.9
  • Energy

    2.7
  • Utilities

    1.1
  • Other/Cash

    0.2