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GOATVanEck Vectors Morningstar Global Wide Moat ETF
Fund Description
VanEck Vectors Morningstar Global Wide Moat ETF (GOAT®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Morningstar® Global Wide Moat Focus IndexSM (MSGWMFNU), which is intended to track the overall performance of attractively priced global companies with sustainable competitive advantages according to Morningstar's equity research team.
-
Fund Ticker
GOAT -
Exchange
Cboe -
ETF Structure
Physical -
Administrator
Van Eck Associates -
Custodian
State Street Bank and Trust Company -
Index Ticker
MSGWMFNU -
Index Reconstitution
Semi-Annually, Staggered Quarterly
as of 01/25/21
-
30-Day SEC Yield1
1.42% -
Total Net Assets
$14.5M -
Number of Holdings
68 -
Options
Expected -
Gross Expense Ratio2
2.50% -
Net Expense Ratio/TER2
0.56% -
Distribution Frequency
Annual
Index Key Points
Underlying Index:
Morningstar®Global Wide Moat Focus IndexSM
The 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/country cap: The greater of 40% or corresponding weight in Parent Index + 10%
Index provider:
Morningstar, Inc.
Index Profile
-
Ticker
MSGWMFNU -
Inception Date
04/23/2018 -
Reconstitution Frequency
Semi-Annually, Staggered Quarterly
Index Top 10 Constituents (%) as of 12/31/20 Download All Index Constituents
to view
full data
Constituent Name |
Ticker
|
Weightings (%) | |
---|---|---|---|
Baidu Inc - Spon Adr |
BIDU US
|
3.01 | |
Nabtesco Corp |
6268 JP
|
2.30 | |
Corteva Inc |
CTVA US
|
2.23 | |
Guidewire Software Inc |
GWRE US
|
2.11 | |
Julius Baer Group Ltd |
BAER VX
|
2.10 | |
Zimmer Holdings Inc |
ZMH US
|
2.04 | |
Emerson Electric Co |
EMR US
|
2.04 | |
Medtronic Inc |
MDT US
|
2.03 | |
Toronto-Dominion Bank |
TD CN
|
2.03 | |
Cerner Corp |
CERN US
|
2.03 | |
Top 10 Total (%) | 21.92 |
Index Country Weightings (%) as of 12/31/20
-
Country
Weightings (%) -
■
United States
61.4 -
■
United Kingdom
6.6 -
■
China
5.8 -
■
Japan
5.6 -
■
Switzerland
5.1 -
■
Canada
4.9 -
■
Australia
3.9 -
■
Germany
2.9 -
■
France
1.8 -
■
Sweden
1.0 -
■
Denmark
1.0
Index Sector Weightings (%) as of 12/31/20
-
Sector
Weightings (%) -
■
Health Care
21.7 -
■
Industrials
13.5 -
■
Information Technology
13.3 -
■
Consumer Staples
13.3 -
■
Financials
12.2 -
■
Communication Services
11.0 -
■
Consumer Discretionary
8.8 -
■
Materials
4.2 -
■
Utilities
1.0 -
■
Energy
0.9