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MOATVanEck Vectors Morningstar Wide Moat ETF
Market Updates*
- The outcome of MOAT’s index reviews in 2020 was a reduction of big-tech and other growth-oriented exposure and a shift toward value stocks.
- FAANG + Microsoft accounted for over 23% of the S&P 500 Index while only Amazon and Microsoft remain in MOAT and accounted for just over 2% of its assets as of November 30, 2020.1
- We believe MOAT’s valuations remain attractive signaling upside potential if the market recognizes the mispricing of the portfolio stocks based on Morningstar’s fair value assessments.
Learn More | Top Moat Stocks in 2020: Veeva, ServiceNow and Amazon
1Source: Morningstar, as of 11/30/2020.
Fund Description
VanEck Vectors Morningstar Wide Moat ETF (MOAT®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Morningstar® Wide Moat Focus IndexSM (MWMFTR), which is intended to track the overall performance of attractively priced companies with sustainable competitive advantages according to Morningstar's equity research team.
-
Fund Ticker
MOAT -
Exchange
Cboe -
ETF Structure
Physical -
Administrator
Van Eck Associates -
Custodian
State Street Bank and Trust Company -
Index Ticker
MWMFTR -
Index Reconstitution
Semi-Annually, Staggered quarterly
as of 04/16/21
-
30-Day SEC Yield1
1.35% -
Total Net Assets
$5.5B -
Number of Holdings
49 -
Options
Available -
Gross Expense Ratio2
0.47% -
Net Expense Ratio/TER2
0.47% -
Distribution Frequency
Annual
Key Points
- Wide Moat Companies
A focus on U.S. companies Morningstar believes possess sustainable competitive advantages, or “moats”
- Focus on Valuations
Index targets companies trading at attractive prices relative to Morningstar’s estimate of fair value
- Morningstar’s Equity Research
Index fueled by Morningstar’s forward-looking, rigorous equity research process driven by over 100 analysts globally
Trading Information
-
Fund Ticker
MOAT -
Index Total Return Ticker
MWMFTR -
NAV
MOATNV -
Intraday NAV (IIV)4
MOATIV -
Shares Outstanding
76,400,000 -
Estimated Cash
MOATEU -
Total Cash
MOATTC -
CUSIP
92189F643 -
ISIN
US92189F6438
Fees and Expenses2
-
Management Fee
0.45% -
Other Expenses
0.02% -
Gross Expense Ratio
0.47% -
Fee Waivers andExpense Reimbursement
-- -
Net Expense Ratio/TER2
0.47%
Investment Professionals
Peter Liao, CFA
- Portfolio Manager and Head of Equity ETFs
- Oversees the Equity ETF Investment Management Team including development and management of index replication and optimization strategies
- Joined VanEck in 2005
- CFA charterholder; member of the CFA Society New York
- BA, Mathematics and Economics, New York University
Guo Hua (Jason) Jin
- Portfolio Manager and Analyst for Equity ETFs
- Joined VanEck in 2007
- Prior to his current role, held a portfolio administration position at VanEck
- Previously, Portfolio Analyst at Evaluation Associates
- BS, Business Administration (concentration in Financial Analysis), State University of New York at Buffalo
Griffin Driscoll
- Analyst for Equity ETFs
- Joined VanEck in 2018
- Prior to joining VanEck, ETF Basket Operations Analyst at JPMorgan
- BS, Finance, Providence College
Ralph Lasta
- Analyst for Equity ETFs
- Joined VanEck in 2019
- Prior to VanEck, Intermediate Representative, Exchange Traded Funds at BNY Mellon.
- BS, Accounting, Hunter College
Prices as of 04/16/21
Performance History: Average Annual Total Returns* (%)
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR | LIFE 04/24/12 |
|
---|---|---|---|---|---|---|---|---|
MOAT (NAV) | 5.87 | 11.60 | 11.60 | 60.12 | 20.45 | 19.20 | -- | 16.30 |
MOAT (Share Price) | 6.08 | 11.74 | 11.74 | 60.71 | 20.46 | 19.24 | -- | 16.32 |
MWMFTR (Index) | 5.94 | 11.76 | 11.76 | 60.88 | 20.99 | 19.76 | 16.18 | 16.87 |
Performance Differential (NAV - Index) | -0.07 | -0.16 | -0.16 | -0.76 | -0.54 | -0.56 | -- | -0.57 |
S&P 500 Index | 4.38 | 6.17 | 6.17 | 56.35 | 16.78 | 16.29 | 13.91 | 14.96 |
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR | LIFE 04/24/12 |
|
---|---|---|---|---|---|---|---|---|
MOAT (NAV) | 5.87 | 11.60 | 11.60 | 60.12 | 20.45 | 19.20 | -- | 16.30 |
MOAT (Share Price) | 6.08 | 11.74 | 11.74 | 60.71 | 20.46 | 19.24 | -- | 16.32 |
MWMFTR (Index) | 5.94 | 11.76 | 11.76 | 60.88 | 20.99 | 19.76 | 16.18 | 16.87 |
Performance Differential (NAV - Index) | -0.07 | -0.16 | -0.16 | -0.76 | -0.54 | -0.56 | -- | -0.57 |
S&P 500 Index | 4.38 | 6.17 | 6.17 | 56.35 | 16.78 | 16.29 | 13.91 | 14.96 |
Top 10 Holdings (%) as of 03/31/21 Daily Holdings
to view
full data
Holding Name |
Ticker
|
Shares |
Market Value (US$) |
% of Net Assets |
|
---|---|---|---|---|---|
WELLS FARGO & CO |
WFC US
|
3,666,691
|
143,257,617 | 2.82 | |
INTEL CORP |
INTC US
|
2,185,856
|
139,894,784 | 2.75 | |
ALTRIA GROUP INC |
MO US
|
2,732,002
|
139,769,222 | 2.75 | |
GENERAL DYNAMICS CORP |
GD US
|
745,413
|
135,337,184 | 2.66 | |
BLACKBAUD INC |
BLKB US
|
1,901,451
|
135,155,137 | 2.66 | |
BOEING CO/THE |
BA US
|
526,150
|
134,020,928 | 2.64 | |
CHENIERE ENERGY INC |
LNG US
|
1,852,465
|
133,396,005 | 2.62 | |
BIOGEN INC |
BIIB US
|
476,229
|
133,225,063 | 2.62 | |
CORTEVA INC |
CTVA US
|
2,821,494
|
131,538,050 | 2.59 | |
PHILIP MORRIS INTERNATIONAL INC |
PM US
|
1,475,412
|
130,928,061 | 2.57 | |
Top 10 Total (%) | 26.68 |
Country Weightings (%) as of 03/31/21
-
Country
% of Net Assets -
■
United States
99.97 -
■
Other/Cash
0.03
Sector Weightings (%) as of 03/31/21
-
Sector
% of Net Assets -
■
Health Care
20.6 -
■
Information Technology
17.7 -
■
Industrials
15.3 -
■
Financials
12.3 -
■
Consumer Staples
11.4 -
■
Communication Services
6.9 -
■
Consumer Discretionary
5.9 -
■
Materials
4.9 -
■
Energy
2.6 -
■
Utilities
2.4 -
■
Other/Cash
0.0