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MOAT
VanEck Vectors Morningstar Wide Moat ETF
MOTI
VanEck Vectors Morningstar International Moat ETF
MWMZX
VanEck Morningstar Wide Moat Fund - Class Z

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GOAT
VanEck 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

  • Commencement

    10/30/2018

  • 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 01/23/20

  • 30-Day SEC Yield1

    1.32%

  • Total Net Assets

    $7.9M

  • Number of Holdings

    72

  • Options

    Expected

  • Gross Expense Ratio2

    0.56%

  • Net Expense Ratio/TER2

    0.52%

  • Distribution Frequency

    Annual

  • Next Distribution Date

    12/18/20

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 12/31/19 Download All Index Constituents

Total Constituents: 72
Swipe
to view
full data
Constituent Name
Ticker
Weightings (%)
Amgen Inc
AMGN US
2.14
Intel Corp
INTC US
2.11
Tencent Holdings Ltd
700 HK
2.11
Nike Inc -Cl B
NKE US
2.10
Western Union Co
WU US
2.09
Roche Holding Ag-Genusschein
ROG VX
2.07
Kao Corp
4452 JP
2.07
Alibaba Group Holding-Sp Adr
BABA US
2.07
Microsoft Corp
MSFT US
2.06
Enbridge Inc
ENB CN
2.05
Top 10 Total (%) 20.87
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Index Country Weightings (%) as of 12/31/19

  • Country

    Weightings (%)
  • ■

    United States

    61.9
  • ■

    Canada

    5.9
  • ■

    United Kingdom

    5.9
  • ■

    Switzerland

    5.1
  • ■

    France

    5.1
  • ■

    China

    4.2
  • ■

    Japan

    3.0
  • ■

    Mexico

    2.1
  • ■

    Germany

    2.0
  • ■

    Denmark

    2.0
  • ■

    Australia

    2.0
  • ■

    Belgium

    0.8

Index Sector Weightings (%) as of 12/31/19

  • Sector

    Weightings (%)
  • ■

    Health Care

    21.0
  • ■

    Industrials

    16.3
  • ■

    Information Technology

    15.3
  • ■

    Consumer Discretionary

    12.7
  • ■

    Consumer Staples

    11.7
  • ■

    Financials

    10.0
  • ■

    Communication Services

    8.0
  • ■

    Energy

    2.9
  • ■

    Materials

    1.0
  • ■

    Utilities

    1.0