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MOAT
VanEck Vectors Morningstar Wide Moat ETF

  • 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

      NYSE Arca
    • Commencement

      04/24/2012
    • ETF Structure

      Physical
    • Administrator

      Van Eck Associates
    • Custodian

      Bank of New York Mellon
    • Index Ticker

      MWMFTR
    • Index Reconstitution

      Semi-Annually, Staggered quarterly
  •  
    as of 02/24/17

    • 30-Day SEC Yield1

      1.05%
    • Total Net Assets

      $1.0B
    • Number of Holdings

      51
    • Options

      Available
    • Gross Expense Ratio2

      0.50%
    • Net Expense Ratio/TER2

      0.49%
    • Distribution Frequency

      Annual
    • Next Distribution Date

      12/15/2017
  • Index Key Points

    Underlying Index: 

    Morningstar® Wide Moat Focus IndexSM

    The Index Composition:

    The Index contains at least 40 attractively priced U.S. companies with sustainable competitive advantages according to Morningstar's equity research team.

    Companies eligible for inclusion in the Index:

    • Derived from Morningstar® US Market 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:

    • 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 40 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 150% 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.

    Effective June 20, 2016, Morningstar implemented several changes to the Morningstar Wide Moat Focus Index construction rules. Among other changes, the index increased its constituent count from 20 stocks to at least 40 stocks and modified its rebalance and reconstitution methodology. These changes may result in more diversified exposure, lower turnover, and longer holding periods for index constituents than under the rules in effect prior to this date. Past performance is no guarantee of future results.

  • Index Profile

    • Ticker

      MWMFTR
    • Inception Date

      02/14/2007
    • Reconstitution Frequency

      Semi-Annually, Staggered Quarterly
  • Download All Index ConstituentsIndex Top 10 Constituents (%)  as of 01/31/17

    Total Constituents: 50
    Constituent Name
    Ticker
    Weightings (%)
    Twenty-First Century Fox-A
    FOXA US
    2.90
    Walt Disney Co/The
    DIS US
    2.73
    American Express Co
    AXP US
    2.64
    Compass Minerals Internation
    CMP US
    2.62
    Amazon.Com Inc
    AMZN US
    2.60
    Salesforce.Com Inc
    CRM US
    2.58
    Emerson Electric Co
    EMR US
    2.57
    Mastercard Inc-Class A
    MA US
    2.55
    Amerisourcebergen Corp
    ABC US
    2.54
    Berkshire Hathaway Inc-Cl B
    BRK/B US
    2.52
    Top 10 Total (%)26.25
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.
  • Index Country Weightings (%) as of 01/31/17

    • Country

      Weightings (%)
    • UNITED STATES

      100.0
  • Index Sector Weightings (%) as of 01/31/17

    • Sector

      Weightings (%)
    • Health Care

      29.8
    • Consumer Discretionary

      21.6
    • Industrials

      13.4
    • Financials

      11.6
    • Information Technology

      10.1
    • Materials

      5.1
    • Real Estate

      4.6
    • Consumer Staples

      3.7