Global Moat ETF
VanEck Morningstar Global Wide Moat UCITS ETF
Global Moat ETF
VanEck Morningstar Global Wide Moat UCITS ETF
Fund Description
The VanEck Morningstar Global Wide Moat UCITS ETF invests in global equities with powerful competitive advantages and attractive valuations. This concept has delivered successful long-term investment returns.
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NAV$27.12
as of 07 May 2024 -
YTD RETURNS3.19%
as of 07 May 2024 -
Total Net Assets$65.1 million
as of 07 May 2024 -
Total Expense Ratio0.52%
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Inception Date07 Jul 2020
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SFDR ClassificationArticle 6
Overview
Fund Description
The VanEck Morningstar Global Wide Moat UCITS ETF invests in global equities with powerful competitive advantages and attractive valuations. This concept has delivered successful long-term investment returns.
- Based on Warren Buffett´s “economic moats” concept
- Strategy with proven record of outperformance1
- Transparent indexing model from Morningstar, a renowned research partner
- Companies with long-term competitive advantages (switching costs, intangible assets, network effect, cost advantage, efficient scale)
- Targets companies trading at relatively attractive prices
- Could be the core of a global equity portfolio
1Past performance is not a reliable indicator for future performance. Risk Factors: Equity market risk, limited diversification risk, foreign currency risk. Please refer to the
and the Prospectus for other important information before investing.
Underlying Index
Morningstar Global Wide Moat Focus Index
Fund Highlights
- Based on Warren Buffett´s “economic moats” concept
- Strategy with proven record of outperformance1
- Transparent indexing model from Morningstar, a renowned research partner
- Companies with long-term competitive advantages (switching costs, intangible assets, network effect, cost advantage, efficient scale)
- Targets companies trading at relatively attractive prices
- Could be the core of a global equity portfolio
1Past performance is not a reliable indicator for future performance. Risk Factors: Equity market risk, limited diversification risk, foreign currency risk. Please refer to the
and the Prospectus for other important information before investing.
Underlying Index
Morningstar Global Wide Moat Focus Index
Performance
Holdings
Portfolio
Literature
Index
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.