MOTIVanEck Morningstar International Moat ETF
Fund Description
VanEck Morningstar International Moat ETF (MOTI®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Morningstar® Global ex-US Moat Focus IndexSM (MGEUMFUN), which is intended to track the overall performance of attractively priced wide and narrow moat rated companies outside the U.S. with sustainable competitive advantages according to Morningstar's equity research team.
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Fund Ticker
MOTI -
Exchange
Cboe -
Inception Date
07/13/2015 -
ETF Structure
Physical -
Administrator
Van Eck Associates -
Index Ticker
MGEUMFUN -
Index Reconstitution
Semi-Annually, Staggered quarterly
as of 08/18/22
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30-Day SEC Yield1
2.57% -
Total Net Assets
$78.4M -
Number of Holdings
77 -
Options
No -
Gross Expense Ratio2
0.76% -
Net Expense Ratio/TER2
0.57% -
Distribution Frequency
Annual -
Next Distribution Date
12/16/2022
Index Key Points
Underlying Index:
Morningstar® Global ex-US Moat Focus IndexSM
The Index Composition:
The Index contains at least 50 attractively priced U.S. companies outside of the U.S. with sustainable competitive advantages according to Morningstar's equity research team.
Companies eligible for inclusion in the Index:
- Derived from Morningstar® Global Markets ex-US IndexSM (Parent Index)
- Assigned an Economic Moat rating of wide or narrow 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 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/country cap: The greater of 40% or corresponding weight in Parent Index + 10%
Index provider:
Morningstar, Inc.
Index Profile
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Ticker
MGEUMFUN -
Inception Date
03/25/2015 -
Rebalance Frequency
Semi-Annually, Staggered quarterly
Index Top 10 Constituents (%) as of 07/31/22
to view
full data
Constituent Name | Ticker | Weightings (%) |
---|---|---|
Brp Inc/Ca- Sub Voting | DOO CN | 2.40 |
Sodexo | SW FP | 2.28 |
Kt Corp | 030200 KS | 2.23 |
Meiji Holdings Co Ltd | 2269 JP | 2.21 |
Imperial Brands Plc | IMB LN | 2.19 |
Nice Systems Ltd | NICE IT | 2.16 |
Sinopharm Group Co-H | 1099 HK | 2.12 |
Hsbc Holdings Plc | HSBA LN | 2.11 |
Bayerische Motoren Werke Ag | BMW GR | 2.03 |
Swire Properties Ltd | 1972 HK | 2.02 |
Top 10 Total (%) | 21.74 |
Index Country Weightings (%) as of 07/31/22
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Country
% of Net Assets -
■
United Kingdom
14.5 -
■
China
14.3 -
■
Japan
9.5 -
■
Germany
8.2 -
■
France
7.0 -
■
Netherlands
5.6 -
■
Canada
5.2 -
■
Hong Kong
5.2 -
■
Australia
4.4 -
■
South Korea
4.1 -
■
Taiwan Region
3.4 -
■
Mexico
2.6 -
■
United States
2.2 -
■
Israel
2.2 -
■
Singapore
2.1 -
■
Switzerland
2.1 -
■
Belgium
2.0 -
■
Spain
1.9 -
■
Denmark
1.8 -
■
Italy
1.1 -
■
Sweden
0.9
Index Sector Weightings (%) as of 07/31/22
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Sector
% of Net Assets -
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Financials
22.5 -
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Information Technology
16.2 -
■
Consumer Discretionary
15.5 -
■
Consumer Staples
12.7 -
■
Communication Services
10.2 -
■
Health Care
8.9 -
■
Industrials
5.2 -
■
Materials
3.5 -
■
Utilities
3.3 -
■
Real Estate
2.0