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MOATVanEck Vectors Morningstar Wide Moat ETF
Market Updates*
- The outcome of MOAT’s index reviews in 2020 was a reduction of big-tech and other growth-oriented exposure and a shift toward value stocks.
- FAANG + Microsoft accounted for over 23% of the S&P 500 Index while only Amazon and Microsoft remain in MOAT and accounted for just over 2% of its assets as of November 30, 2020.1
- 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.
Learn More | Top Moat Stocks in 2020: Veeva, ServiceNow and Amazon
1Source: Morningstar, as of 11/30/2020.
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 02/24/21
-
30-Day SEC Yield1
1.58% -
Total Net Assets
$4.7B -
Number of Holdings
49 -
Options
Available -
Gross Expense Ratio2
0.47% -
Net Expense Ratio/TER2
0.47% -
Distribution Frequency
Annual
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
68,950,000 -
Estimated Cash
MOATEU -
Total Cash
MOATTC -
CUSIP
92189F643 -
ISIN
US92189F6438
Fees and Expenses2
-
Management Fee
0.45% -
Other Expenses
0.02% -
Gross Expense Ratio
0.47% -
Fee Waivers andExpense Reimbursement
-- -
Net Expense Ratio/TER2
0.47%
Investment Professionals
Peter Liao, CFA
- Portfolio Manager and Head of Equity ETFs
- Oversees the Equity ETF Investment Management Team including development and management of index replication and optimization strategies
- Joined VanEck in 2005
- CFA charterholder; member of the CFA Society New York
- BA, Mathematics and Economics, New York University
Guo Hua (Jason) Jin
- Portfolio Manager and Analyst for Equity ETFs
- Joined VanEck in 2007
- Prior to his current role, held a portfolio administration position at VanEck
- Previously, Portfolio Analyst at Evaluation Associates
- BS, Business Administration (concentration in Financial Analysis), State University of New York at Buffalo
Griffin Driscoll
- Analyst for Equity ETFs
- Joined VanEck in 2018
- Prior to joining VanEck, ETF Basket Operations Analyst at JPMorgan
- BS, Finance, Providence College
Ralph Lasta
- Analyst for Equity ETFs
- Joined VanEck in 2019
- Prior to VanEck, Intermediate Representative, Exchange Traded Funds at BNY Mellon.
- BS, Accounting, Hunter College
Prices as of 02/24/21
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) | -0.62 | 17.69 | -0.62 | 15.74 | 12.71 | 19.11 | -- | 15.10 |
MOAT (Share Price) | -0.71 | 17.54 | -0.71 | 15.63 | 11.96 | 19.11 | -- | 15.09 |
MWMFTR (Index) | -0.58 | 17.84 | -0.58 | 16.07 | 13.21 | 19.67 | 15.08 | 15.65 |
Performance Differential (NAV - Index) | -0.04 | -0.15 | -0.04 | -0.33 | -0.50 | -0.56 | -- | -0.55 |
S&P 500 Index | -1.01 | 14.05 | -1.01 | 17.25 | 11.70 | 16.16 | 13.50 | 14.34 |
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR | LIFE 04/24/12 |
|
---|---|---|---|---|---|---|---|---|
MOAT (NAV) | 3.01 | 15.13 | 14.76 | 14.76 | 15.21 | 18.06 | -- | 15.34 |
MOAT (Share Price) | 2.99 | 15.24 | 14.84 | 14.84 | 15.19 | 18.07 | -- | 15.34 |
MWMFTR (Index) | 3.06 | 15.28 | 15.09 | 15.09 | 15.72 | 18.61 | 15.70 | 15.89 |
Performance Differential (NAV - Index) | -0.05 | -0.15 | -0.33 | -0.33 | -0.51 | -0.55 | -- | -0.55 |
S&P 500 Index | 3.84 | 12.15 | 18.40 | 18.40 | 14.18 | 15.22 | 13.88 | 14.63 |
Top 10 Holdings (%) as of 01/31/21 Daily Holdings
to view
full data
Holding Name |
Ticker
|
Shares |
Market Value (US$) |
% of Net Assets |
|
---|---|---|---|---|---|
JOHN WILEY & SONS INC |
JW/A US
|
2,807,916
|
128,069,049 | 3.08 | |
CHARLES SCHWAB CORP/THE |
SCHW US
|
2,394,728
|
123,424,281 | 2.97 | |
CORTEVA INC |
CTVA US
|
3,033,667
|
120,921,967 | 2.91 | |
CHENIERE ENERGY INC |
LNG US
|
1,794,630
|
113,653,918 | 2.74 | |
WELLS FARGO & CO |
WFC US
|
3,803,171
|
113,638,749 | 2.73 | |
BLACKBAUD INC |
BLKB US
|
1,687,916
|
112,229,535 | 2.70 | |
INTEL CORP |
INTC US
|
1,995,104
|
110,748,223 | 2.67 | |
BANK OF AMERICA CORP |
BAC US
|
3,695,904
|
109,583,554 | 2.64 | |
BIOGEN INC |
BIIB US
|
382,241
|
108,025,129 | 2.60 | |
CONSTELLATION BRANDS INC |
STZ US
|
512,071
|
108,011,136 | 2.60 | |
Top 10 Total (%) | 27.64 |
Country Weightings (%) as of 01/31/21
-
Country
% of Net Assets -
■
United States
99.97 -
■
Other/Cash
0.03
Sector Weightings (%) as of 01/31/21
-
Sector
% of Net Assets -
■
Health Care
19.5 -
■
Information Technology
18.7 -
■
Financials
17.3 -
■
Industrials
11.7 -
■
Consumer Staples
10.6 -
■
Consumer Discretionary
7.4 -
■
Communication Services
5.6 -
■
Materials
5.2 -
■
Energy
2.7 -
■
Utilities
1.2 -
■
Other/Cash
0.0