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MOAT
VanEck Vectors Morningstar US Wide Moat UCITS ETF

Fund Description: VanEck Vectors Morningstar US Wide Moat UCITS ETF is a UCITS-compliant exchange-traded fund (ETF) that invests in a portfolio of equity securities. The ETF aims to provide investment returns that closely track the price and yield performance of the Morningstar® Wide Moat Focus IndexTM.

Index Description: The Morningstar Wide Moat Focus Index tracks the overall performance of attractively priced US 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.

Management Style: Replication

 
 

  • Fund Ticker

    MOAT

  • Management Company

    VanEck Investments Ltd.

  • Custodian

    BNY Mellon Trust Company (Ireland) Limited

  • Domicile

    Ireland

  • UCITS Compliant

    YES

  • Index Ticker

    MWMFTR

  • Index Provider

    Morningstar

  • Rebalance Frequency

    Semi-Annually, Staggered quarterly

  • Inception Date2

    16 Oct 2015
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 21 Oct 2019

  • NAV1

    36.27

  • Shares Outstanding

    4,100,000

  • Number of Holdings

    51

  • Base Currency

    USD

  • Net Assets

    $148.7M

  • Product Structure

    Physical (Full Replication)

  • Distribution Frequency

    None

  • Income Treatment

    Reinvestment

  • Total Expense Ratio

    0.49%
  • Fact Sheet
  • ETF Product List

Index Key Points

Underlying Index
Morningstar Wide Moat Focus Index (MWMFTR)

Index composition
The Index contains at least 40 attractively priced U.S. companies with sustainable competitive advantages according to Morningstar's equity research team.

Companies eligible for inclusion in the Index

  • Derived from Morningstar® US Market IndexTM (Parent Index).
  • Assigned a Wide Economic Moat rating 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 on alternating quarters.
    Each sub-portfolio will contain 40 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 150% 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.


Please note, that the methodology of MOATs underlying index (MWMFTR) has changed on 20 June 2016. For more details please see the market announcement.

Index Information

  • Index Provider

    Morningstar

  • Index Type

    Total Return

  • Currency

    USD

  • Inception Date

    14 Feb 2007

  • Reconstitution Frequency

    Semi-Annually, Staggered quarterly

  • Bloomberg Ticker

    MWMFTR

  • Reuters Ticker

    .MWMFTR

Index Top 10 Constituents (%) as of 30 Sep 2019

Total Constituents: 51
Constituent Name
Ticker
Weightings (%)
Nike Inc -Cl B
NKE US
2.71
Kellogg Co
K US
2.67
Zimmer Holdings Inc
ZMH US
2.64
Wells Fargo & Co
WFC US
2.61
Medtronic Inc
MDT US
2.59
Dominion Resources Inc/Va
D US
2.55
United Technologies Corp
UTX US
2.55
Bristol-Myers Squibb Co
BMY US
2.54
Intel Corp
INTC US
2.54
Emerson Electric Co
EMR US
2.53
Top 10 Total (%) 25.93
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Index Country Weightings (%) as of 30 Sep 2019

  • Country

    Weightings (%)
  • ■

    United States

    100.0

Index Sector Weightings (%) as of 30 Sep 2019

  • Sector

    Weightings (%)
  • ■

    Health Care

    22.3
  • ■

    Information Technology

    18.2
  • ■

    Financials

    12.6
  • ■

    Industrials

    11.2
  • ■

    Consumer Discretionary

    11.1
  • ■

    Consumer Staples

    8.9
  • ■

    Communication Services

    6.1
  • ■

    Energy

    4.6
  • ■

    Utilities

    2.5
  • ■

    Materials

    2.4

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Performance quoted represents past performance. Current performance may be lower or higher than average annual returns shown. Discrete performance shows 12 month performance to the most recent Quarter end for each of the last 5yrs 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 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. Investment return and the principal value of an investment will fluctuate. Shares may be worth more or less than their original cost when redeemed.

The sales prospectus and KIID contain this and other information. Please read the sales prospectus and KIID carefully before investing.

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