GOATVanEck 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 -
Reconstitution Frequency
Semi-Annually, Staggered quarterly -
Bloomberg Ticker
MSGWMFNU -
Reuters Ticker
--
Index Currency Exposure (%)
as of 30 Apr 2023
-
USD
51.92 -
EUR
14.26 -
GBP
10.22 -
AUD
4.91 -
JPY
4.66 -
CHF
4.24 -
HKD
2.72 -
BRL
1.97 -
CAD
1.93 -
DKK
1.10 -
SEK
1.04 -
TWD
1.03
Index Top 10 Constituents (%) as of 30 Apr 2023
Constituent Name
|
Ticker
|
Weightings (%) |
---|---|---|
Safran Sa |
SAF FP |
2.29 |
London Stock Exchange Group |
LSEG LN |
2.28 |
Sanofi |
SAN FP |
2.27 |
Bayer Ag-Reg |
BAYN GR |
2.24 |
Airbus Group Nv |
AIR FP |
2.20 |
Zimmer Biomet Holdings Inc |
ZBH US |
2.17 |
Fortinet Inc |
FTNT US |
2.13 |
Barry Callebaut Ag-Reg |
BARN SW |
2.11 |
Anheuser-Busch Inbev Sa/Nv |
ABI BB |
2.11 |
Masco Corp |
MAS US |
2.09 |
Top 10 Total (%) | 21.89 |
Index Country Weightings (%) as of 30 Apr 2023
-
Country
Weightings (%) -
■
United States
49.4 -
■
United Kingdom
9.2 -
■
France
6.8 -
■
Australia
4.9 -
■
Japan
4.7 -
■
Switzerland
4.2 -
■
China
3.8 -
■
Brazil
3.4 -
■
Germany
3.3 -
■
Belgium
2.1 -
■
Netherlands
2.0 -
■
Canada
1.9 -
■
Denmark
1.1 -
■
Sweden
1.0 -
■
Taiwan Region
1.0 -
■
Hong Kong
0.9
Index Sector Weightings (%) as of 30 Apr 2023
-
Sector
Weightings (%) -
■
Industrials
22.1 -
■
Financials
19.5 -
■
Consumer Staples
18.0 -
■
Health Care
14.1 -
■
Information Technology
13.1 -
■
Consumer Discretionary
5.4 -
■
Communication Services
3.8 -
■
Materials
3.0 -
■
Utilities
0.9