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MOTG
VanEck Morningstar Global Wide Moat ETF

Fund Description

VanEck Morningstar Global Wide Moat ETF (MOTG®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Morningstar® Global Wide Moat Focus IndexSM (MSGWMFNU), which is intended to track the overall performance of attractively priced global companies with sustainable competitive advantages according to Morningstar's equity research team.

 
 

  • Fund Ticker

    MOTG
  • Exchange

    Cboe
  • Inception Date

    10/30/2018
  • ETF Structure

    Physical
  • Administrator

    Van Eck Associates
  • Index Ticker

    MSGWMFNU
  • Index Reconstitution

    Semi-Annually, Staggered Quarterly

 
as of 08/16/22

  • 30-Day SEC Yield1

    1.63%
  • Total Net Assets

    $21.3M
  • Number of Holdings

    71
  • Options

    No
  • Gross Expense Ratio2

    1.20%
  • Net Expense Ratio/TER2

    0.52%
  • Distribution Frequency

    Annual
  • Next Distribution Date

    12/16/2022
Click here to read the Recommended Insights - Blog: Moat Stock Selection Drowns Out Factors
Click here to read the Recommended Insights - Blog: Moat Stock Selection Drowns Out Factors

Index Key Points

Underlying Index:

Morningstar®Global Wide Moat Focus IndexSM

The 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/country cap: The greater of 40% or corresponding weight in Parent Index + 10%

Index provider:

Morningstar, Inc.

Index Profile

  • Ticker

    MSGWMFNU
  • Inception Date

    04/23/2018
  • Reconstitution Frequency

    Semi-Annually, Staggered Quarterly

Index Top 10 Constituents (%) as of 07/31/22

Total Constituents: 71
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Constituent Name Ticker Weightings (%)
Kellogg Co K US 2.40
Polaris Inc PII US 2.25
Constellation Brands Inc-A STZ US 2.20
Ambev Sa ABEV3 BZ 2.11
Tyler Technologies Inc TYL US 2.10
Imperial Brands Plc IMB LN 2.09
Roper Industries Inc ROP US 2.09
Microsoft Corp MSFT US 2.07
Gilead Sciences Inc GILD US 2.06
Masco Corp MAS US 2.05
Top 10 Total (%) 21.43
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Index Country Weightings (%) as of 07/31/22

  • Country

    % of Net Assets
  • United States

    63.2
  • United Kingdom

    8.5
  • Australia

    4.1
  • Switzerland

    4.0
  • France

    3.9
  • China

    2.9
  • Brazil

    2.1
  • Japan

    2.1
  • Germany

    1.9
  • Netherlands

    1.9
  • Taiwan Region

    1.8
  • Canada

    1.8
  • Belgium

    0.9
  • Sweden

    0.9

Index Sector Weightings (%) as of 07/31/22

  • Sector

    % of Net Assets
  • Information Technology

    23.2
  • Industrials

    19.2
  • Consumer Staples

    17.0
  • Financials

    16.7
  • Health Care

    12.0
  • Consumer Discretionary

    6.3
  • Communication Services

    2.8
  • Materials

    2.7