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MOAT
VanEck Vectors Morningstar Wide Moat ETF

  • The VanEck Vectors Morningstar Wide Moat ETF (MOAT) has outperformed the S&P 500 Index from the S&P 500’s peak on February 19, 2020 through April 29, 2020 during these unprecedented times (-10.49% vs. – 12.88%).
  • MOAT’s Index, the Morningstar® Wide Moat Focus IndexSM (MWMFTR or “the Index”), underwent its quarterly review on March 23, 2020 allowing it to target undervalued wide moat US companies. It dialed up financials exposure and scaled back health care. Notable additions were Bank of America and Boeing.
  • Index reviews during market volatility and sell-offs have, at times historically, benefited the index. Most recently, the Index allocated to many oversold semiconductor companies at the end of December 2018. Many of those companies helped fuel 2019 outperformance.
  • 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.

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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.

Why MOAT?

 
 

  • 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 05/27/20

  • 30-Day SEC Yield1

    1.97%
  • Total Net Assets

    $3.2B
  • Number of Holdings

    47
  • Options

    Available
  • Gross Expense Ratio2

    0.48%
  • Net Expense Ratio/TER2

    0.48%
  • Distribution Frequency

    Annual

Morningstar™ Ratings3
as of 04/30/2020

Category Overall 3 Year 5 Year
Large Blend
5 stars of 1231 funds
5 stars of 1231 funds
5 stars of 1052 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

    61,950,000
  • 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 05/27/20

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 $52.16
$52.16
569,637
526,844
$1.03 / +2.02%
$1.04 / +2.03%
-4.83%
-4.78%
$0.00
0.00%
0.02%

Premium/Discount History as of 05/27/20

Calendar Year 2019 2Q 2019 3Q 2019 4Q 2019 1Q 2020 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 164 43 28 47 23
MOAT Days closed at NAV 33 7 9 9 13
Days closed at a discount 55 13 27 8 26

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) 13.92 -7.53 -8.88 3.73 10.81 11.30 -- 13.41
MOAT (Share Price) 14.15 -7.57 -8.85 3.69 10.76 11.31 -- 13.41
MWMFTR (Index) 13.99 -7.56 -8.87 4.15 11.31 11.86 13.06 13.96
Performance Differential (NAV - Index) -0.07 0.03 -0.01 -0.42 -0.50 -0.56 -- -0.55
S&P 500 Index 12.82 -9.26 -9.29 0.86 9.04 9.12 11.69 12.16
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
04/24/12
MOAT (NAV) -12.54 -20.01 -20.01 -4.74 6.77 9.26 -- 11.71
MOAT (Share Price) -12.76 -20.15 -20.15 -5.00 6.70 9.22 -- 11.68
MWMFTR (Index) -12.63 -20.05 -20.05 -4.38 7.26 9.80 12.15 12.25
Performance Differential (NAV - Index) 0.09 0.04 0.04 -0.36 -0.49 -0.54 -- -0.54
S&P 500 Index -12.35 -19.60 -19.60 -6.98 5.10 6.73 10.53 10.59

Top 10 Holdings (%) as of 04/30/20 Daily Holdings

Total Holdings: 47
Swipe
to view
full data
Holding Name
Ticker
Shares Market Value
(US$)
% of Net
Assets
AMAZON.COM INC
AMZN US
42,381
104,850,594 3.51
VEEVA SYSTEMS INC
VEEV US
527,032
100,557,706 3.37
SERVICENOW INC
NOW US
272,213
95,693,758 3.20
GILEAD SCIENCES INC
GILD US
1,060,036
89,043,024 2.98
PFIZER INC
PFE US
2,179,327
83,598,984 2.80
FACEBOOK INC
FB US
407,601
83,440,001 2.79
BLACKROCK INC
BLK US
166,116
83,396,877 2.79
INTEL CORP
INTC US
1,383,419
82,977,472 2.78
CORE LABORATORIES NV
CLB US
4,214,890
82,653,993 2.77
MICROCHIP TECHNOLOGY INC
MCHP US
898,884
78,859,093 2.64
Top 10 Total (%) 29.63
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 04/30/20

  • Country

    % of Net Assets
  • United States

    99.97
  • Other/Cash

    0.03

Sector Weightings (%) as of 04/30/20

  • Sector

    % of Net Assets
  • Health Care

    20.2
  • Information Technology

    19.6
  • Financials

    15.6
  • Industrials

    11.4
  • Consumer Staples

    8.3
  • Consumer Discretionary

    8.1
  • Communication Services

    5.2
  • Energy

    5.2
  • Materials

    5.1
  • Utilities

    1.3
  • Other/Cash

    0.0