Moat ETF
VanEck Morningstar US Wide Moat UCITS ETF
Moat ETF
VanEck Morningstar US Wide Moat UCITS ETF
Fund Description
The VanEck Morningstar US Wide Moat UCITS ETF invests in attractively priced companies with sustainable competitive advantages according to Morningstar's equity research team.
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NAV$20.68
as of 07 May 2024 -
Performance since inception3.84%
as of 07 May 2024 -
Total Net Assets$41.4 million
as of 07 May 2024 -
Total Expense Ratio0.46%
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Inception Date12 Jan 2024
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SFDR ClassificationArticle 6
Overview
Fund Description
The VanEck Morningstar US Wide Moat UCITS ETF invests in attractively priced companies with sustainable competitive advantages according to Morningstar's equity research team.
- A focus on U.S. companies Morningstar believes possess sustainable competitive advantages, or “moats”
- “Moats” are expected to last for 20 years or longer (switching costs, intangible assets, network effect, cost advantage, efficient scale)
- Index targets companies trading at attractive prices relative to Morningstar’s estimate of fair value
- Index fueled by Morningstar’s forward-looking, rigorous equity research process driven by over 100 analysts globally
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®Wide Moat Focus Index™ (MWMFN)
Fund Highlights
- A focus on U.S. companies Morningstar believes possess sustainable competitive advantages, or “moats”
- “Moats” are expected to last for 20 years or longer (switching costs, intangible assets, network effect, cost advantage, efficient scale)
- Index targets companies trading at attractive prices relative to Morningstar’s estimate of fair value
- Index fueled by Morningstar’s forward-looking, rigorous equity research process driven by over 100 analysts globally
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®Wide Moat Focus Index™ (MWMFN)
Performance
Holdings
Portfolio
Literature
Index
Index Description
The Morningstar®Wide Moat Focus Index provides exposure to companies with Morningstar®Economic Moat™ Ratings of wide that are trading at the lowest current market price/fair value ratios. Moat ratings and fair value estimates are determined through independent research conducted by the Morningstar Equity Research team.
Index Key Points
Underlying Index
Morningstar® Wide Moat Focus IndexTM
Index composition
Companies eligible for inclusion in the Index
- Derived from Morningstar® US Market 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
- Staggered reconstitution:
Index is divided into two equally-weighted sub-portfolios, and each is reconstituted and rebalanced semi-annually - Each sub-portfolio contains 40 equally-weighted securities at its semiannual reconstitution and weights varies 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 review, current Index constituents ranked within the top 150% of the eligible universe based on current market price/fair value ratio are given preference for inclusion - Sector cap: The greater of 40% or corresponding weight in Parent Index + 10%
Index Provider
Morningstar Inc.