MOAT
VanEck Morningstar US Sustainable Wide Moat UCITS ETF

Fund Description

The VanEck Morningstar US Sustainable Wide Moat UCITS ETF invests in US equities with long-term competitive advantages and an attractive valuation.

  • Strategy based on a proven and transparent indexing model from Morningstar, the renowned research partner
  • Companies with long-term competitive advantages for 20 years or longer (switching costs, intangible assets, network effect, cost advantage, efficient scale)
  • Based on Warren Buffett´s “Economic Moats” concept
  • Targets companies trading at attractive prices relative to Morningstar’s estimate of fair value
  • Excludes companies deriving revenues from Controversial Weapons, Civilian Firearms and Thermal Coal as defined by Sustainalytics
  • Screens out companies with higher levels of ESG- and Carbon-related risks according to Sustainalytics Estimates


Risk Factors: Equity Market Risk, Limited Diversification Risk, Foreign Currency Risk

As part of its efforts to increase VanEck’s sustainable footprint, VanEck Morningstar US Sustainable Moat UCITS ETF (“the Fund”) changed its underlying index to Morningstar US Sustainable Moat Focus Index that incorporates ESG considerations in the index selection, effective 17 December 2021 EOD. Prior to that, the Fund was called VanEck Morningstar US Wide Moat UCITS ETF and was following Morningstar Wide Moat Focus Index. The new index exhibits improved Sustainability characteristics1, as well as superior risk-return statistics2. For further details on the Fund and its Index, please see the Index Transition Communication on the Documents page of the Fund.

1Source: Morningstar, Sustainalytics as of 6 October 2021.
2Source: Morningstar, Bloomberg as of 31 October 2021. Returns are calculated in USD on a Net Return basis. The data before 11 February 2021 reflects backtested strategy returns. Past performance is not indicative of future results.



Underlying Index

Morningstar US Sustainable Moat Focus Index (MSUSSMNU)

Fund Details
 

  • Fund Ticker

    MOAT

  • Management Company

    VanEck Asset Management B.V.

  • Custodian

    State Street Custodial Services (Ireland) Limited

  • Domicile

    Ireland

  • UCITS Compliant

    Yes

  • Index Ticker

    MSUSSMNU

  • Index Provider

    Morningstar

  • Rebalance Frequency

    Annually, Staggered Semi-Annually
1The "Net Asset Value" (NAV) of all ETFs is determined at the close of each business day, and represents the value of one share of the fund; it is calculated by taking the total assets of the fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV is not necessarily the same as the ETF 's intraday trading value. Investors should not expect to buy or sell ETF shares at NAV.

2The date the fund was launched prior to quotation on the stock exchange.

 
as of 30 May 2023

  • NAV1

    48.68

  • Shares Outstanding

    11,600,000

  • Number of Holdings

    62

  • Base Currency

    USD

  • Net Assets

    $564.6M

  • Product Structure

    Physical (Full Replication)

  • Income Treatment

    Reinvestment

  • Distribution Frequency

    None

  • Total Expense Ratio

    0.49%

  • SFDR Classification

    Article 8
  • Fact Sheet
  • Fund Holiday Calendar

Trading Information as of 30 May 2023

Deutsche
Börse
EUR
Exchange Ticker GMVM
ISIN IE00BQQP9H09
SEDOL BYNZF15
Bloomberg GMVM GY
Reuters (RIC) GMVM.DE
Valor 28778697
Bloomberg iNAV GMVMINAV
Reuters iNAV GMVMINAV=SOLA
WKN A12CCN
Trading Currency EUR
Last Traded Price 45.42
Day's Move -0.24
Volume 19,210
30 Day Volume 11,453
VWAP Volume 19,210

NAVs as of 30 May 2023

Base
Currency 		NAV Daily
Change
NAV 		YTD
Change
NAV 		NAV Price
History 		Total
Expense
Ratio
MOAT USD $48.68 $-0.16 / -0.32% +6.57%
0.49

Performance History* (%)

View All ETFs View All Indices
  1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR ETF INCEPTION
ETF -0.16 -0.82 7.05 4.11 10.89 10.63 -- 12.59
MSUSSMNU (Index) -0.13 -0.77 7.15 4.35 11.51 11.39 -- 13.43
Performance differential (ETF – Index) -0.03 -0.05 -0.10 -0.24 -0.62 -0.76 -- -0.84
  1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR ETF INCEPTION
ETF 1.70 7.22 7.22 -4.28 15.87 10.98 -- 12.76
MSUSSMNU (Index) 1.71 7.29 7.29 -4.06 16.54 11.75 -- 13.61
Performance differential (ETF – Index) -0.01 -0.07 -0.07 -0.22 -0.67 -0.77 -- -0.85
  2018 2019 2020 2021 2022
ETF -1.61 34.43 14.12 24.97 -18.80
MSUSSMNU (Index) -0.74 35.65 15.09 25.93 -18.62

Past performance does not predict future returns.

ETF returns not available if there is less than one year’s performance data.

*Periods greater than one year are annualised.

Investing is subject to risk, including the possible loss of principal. You must read the Prospectus and

KID

before investing, which are available at the Document section of the fund on www.vaneck.com.

ETF performance: Current performance may be lower or higher than average annual returns shown. Discrete performance shows 12-month performance for each of the last 10 years where available. E.g. '1st year' shows the most recent of these 12-month periods and '2nd year' shows the previous 12 month period and so on.

Performance data for the Irish domiciled ETFs is displayed on a Net Asset Value basis, in Base Currency terms, with net income reinvested, net of fees. Brokerage or transaction fees will apply.

Returns may increase or decrease as a result of currency fluctuations.

Index performance: Performance quoted represents past performance of the underlying Index. An index performance is not illustrative of the Product's performance. It is not possible to invest directly in an index: indices are not securities in which investments can be made.
For more information on the Index performance, please consult the Index Provider´s website.

Morningstar® US Sustainability Moat Focus Index is a trade mark of Morningstar Inc. and has been licensed for use for certain purposes by VanEck. VanEck Morningstar US Sustainable Wide Moat UCITS ETF is not sponsored, endorsed, sold or promoted by Morningstar and Morningstar makes no representation regarding the advisability in VanEck Morningstar US Sustainable Wide Moat UCITS ETF.

Effective December 17, 2021 the Morningstar® Wide Moat Focus IndexTM has been replaced with the Morningstar® US Sustainability Moat Focus Index.

Effective June 20, 2016, Morningstar implemented several changes to the Morningstar Wide Moat Focus Index construction rules. Among other changes, the index increased its constituent count from 20 stocks to at least 40 stocks and modified its rebalance and reconstitution methodology. These changes may result in more diversified exposure, lower turnover and longer holding periods for index constituents than under the rules in effect prior to this date.

Market Makers

Top 10 Holdings (%) as of 30 Apr 2023 View All Holdings »

Total Holdings: 62
Swipe<br>to view <br> full data
Holding Name
Ticker
 Shares Market Value
(USD) 		% of Net
Assets
ROCKWELL AUTOMATION INC ROK US 59,536 16,873,098 2.97
MICROSOFT CORP MSFT US 53,010 16,287,853 2.87
CLOROX CO/THE CLX US 95,453 15,808,926 2.79
MONDELEZ INTERNATIONAL INC MDLZ US 204,632 15,699,367 2.77
APPLIED MATERIALS INC AMAT US 132,448 14,970,597 2.64
INTERCONTINENTAL EXCHANGE INC ICE US 136,048 14,819,709 2.61
ROPER TECHNOLOGIES INC ROP US 32,262 14,672,112 2.59
MEDTRONIC PLC MDT US 158,990 14,460,141 2.55
KLA CORP KLAC US 37,228 14,390,111 2.54
MASCO CORP MAS US 268,253 14,354,218 2.53
Top 10 Total (%) 26.86
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 30 Apr 2023

  • Country

    % of Net Assets
  • ■

    United States

    98.10
  • ■

    Argentina

    1.76
  • ■

    Other/Cash

    0.14

Sector Weightings (%) as of 30 Apr 2023

  • Sector

    % of Net Assets
  • ■

    Information Technology

    31.8
  • ■

    Financials

    20.0
  • ■

    Consumer Staples

    13.7
  • ■

    Industrials

    11.2
  • ■

    Consumer Discretionary

    9.6
  • ■

    Health Care

    7.9
  • ■

    Communication Services

    4.6
  • ■

    Materials

    1.1
  • ■

    Other/Cash

    0.1

Technology

Crypto

Metal

Real Estate

Dividend

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