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GOAT
VanEck Morningstar Global Wide Moat UCITS ETF

Index Description

The Morningstar® Global Wide Moat Focus IndexSM tracks the overall performance of attractively priced global companies with sustainable competitive advantages according to Morningstar’s equity research team. The rules-based index is reviewed quarterly. Please consult http://indexes.morningstar.com for detailed index information.

Index Key Points

Underlying Index
Morningstar®Global Wide Moat Focus IndexSM

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 cap: The greater of 40% or corresponding weight in Parent Index + 10%

Index Provider
Morningstar Inc.

Index Information

  • Index Provider

    Morningstar
  • Index Type

    Total Return
  • Currency

    USD
  • Inception Date

    21 Dec 2007
  • Reconstitution Frequency

    Semi-Annually, Staggered quarterly
  • Bloomberg Ticker

    MSGWMFNU
  • Reuters Ticker

    --

Index Currency Exposure (%)
as of 30 Apr 2022

  • USD

    61.28
  • GBP

    10.26
  • EUR

    7.91
  • AUD

    5.61
  • CHF

    4.77
  • BRL

    2.14
  • CAD

    2.12
  • TWD

    1.83
  • SEK

    1.06
  • HKD

    1.01
  • CNY

    1.01
  • JPY

    1.00

Index Top 10 Constituents (%) as of 30 Apr 2022

Total Constituents: 75
Constituent Name
Ticker
Weightings (%)
Kellogg Co
K US
2.29
Westpac Banking Corp
WBC AU
2.28
British American Tobacco Plc
BATS LN
2.28
Constellation Brands Inc-A
STZ US
2.27
Philip Morris International
PM US
2.25
Mcdonald's Corp
MCD US
2.18
Medtronic Inc
MDT US
2.16
Roper Industries Inc
ROP US
2.14
Ambev Sa
ABEV3 BZ
2.14
Imperial Brands Plc
IMB LN
2.11
Top 10 Total (%) 22.10
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Index Country Weightings (%) as of 30 Apr 2022

  • Country

    Weightings (%)
  • United States

    61.3
  • United Kingdom

    10.3
  • Australia

    5.6
  • Switzerland

    4.8
  • France

    4.0
  • Brazil

    2.1
  • Canada

    2.1
  • China

    2.0
  • Germany

    1.9
  • Taiwan Region

    1.8
  • Sweden

    1.1
  • Belgium

    1.0
  • Japan

    1.0
  • Netherlands

    0.9

Index Sector Weightings (%) as of 30 Apr 2022

  • Sector

    Weightings (%)
  • Industrials

    20.2
  • Consumer Staples

    19.9
  • Information Technology

    16.3
  • Financials

    14.9
  • Health Care

    14.6
  • Consumer Discretionary

    6.7
  • Communication Services

    4.0
  • Materials

    3.4