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Fund Intelligence | Smart-beta ETF of the Year (MOAT)

Managed by VanEck, Powered by Morningstar

MOAT
VanEck Morningstar Wide Moat ETF

Market Updates*

  • MOAT features an impressive long-term performance history.
  • Morningstar regularly addresses valuations and has slowly moved from a value tilt back to fairly even exposure to growth, value and blend style exposure.
  • MOAT’s YTD outperformance of the S&P 500 Index has been driven primarily by strong stock selection over sector over/underweights. Stock selection within the financials, information technology, consumer staples, communication services, and consumer discretionary sectors have been the most notable areas of success.

Learn More | Strong Showing by Recent Moat Stock Picks: Northrop, Google

Source: Morningstar.

Fund Description

VanEck 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 10/27/21

  • 30-Day SEC Yield1

    1.22%

  • Total Net Assets

    $6.9B

  • Number of Holdings

    50

  • Options

    Available

  • Gross Expense Ratio2

    0.47%

  • Net Expense Ratio/TER2

    0.47%

  • Distribution Frequency

    Annual
Schedule a Call
Why Invest?
How to Buy
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

Morningstar™ Ratings3
as of 09/30/2021

Category Overall 3 Year 5 Year
Large Blend
5 stars of 1257 funds
5 stars of 1257 funds
5 stars of 1102 funds

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

    92,100,000

  • Estimated Cash

    MOATEU

  • Total Cash

    MOATTC

  • CUSIP

    92189F643

  • ISIN

    US92189F6438
Source: Bloomberg

Fees and Expenses2

  • Management Fee

    0.45%

  • Other Expenses

    0.02%

  • Gross Expense Ratio

    0.47%

  • Fee Waivers and
    Expense Reimbursement

    --

  • Net Expense Ratio/TER2

    0.47%
2Expenses for MOAT are capped contractually at 0.49% until February 1, 2022. Cap excludes acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses.

Investment Professionals

  • 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
  • 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
  • Analyst for Equity ETFs
  • Joined VanEck in 2018
  • Prior to joining VanEck, ETF Basket Operations Analyst at JPMorgan
  • BS, Finance, Providence College
  • 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 10/27/21

NAV/
Market Price 		Volume
30-Day Avg./
Last Trading Day 		Daily Change
NAV/
Last Price 		YTD Change
NAV/
Last Price 		Premium/
Discount 		Prem/Discount
Distribution Charts 		NAV &
Prem/Discount
History 		30-Day
Median
Bid Ask
Spread 		NAV
Chart
MOAT $75.16
$75.15		 475,853
500,121		 -$0.67 / -0.89%
$-0.70 / -0.92%		 +21.25%
+21.21%
 $-0.01
-0.02%		 --

Premium/Discount History as of 10/27/21

Calendar Year 2020 4Q 2020 1Q 2021 2Q 2021 3Q 2021 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 133 42 34 59 58
MOAT Days closed at NAV 32 6 4 0 2
Days closed at a discount 88 16 23 4 4


Performance History: Average Annual Total Returns* (%)
View All ETFs View All Indices

1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
04/24/12
MOAT (NAV) -4.25 -1.03 18.22 36.11 17.95 18.18 -- 16.08
MOAT (Share Price) -4.32 -1.09 18.15 36.15 17.92 18.14 -- 16.07
MWMFTR (Index) -4.17 -0.87 18.74 36.88 18.49 18.74 18.56 16.65
Performance Differential (NAV - Index) -0.08 -0.16 -0.52 -0.77 -0.54 -0.56 -- -0.57
S&P 500 Index -4.65 0.58 15.92 30.00 15.99 16.90 16.63 15.18
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
04/24/12
MOAT (NAV) -4.25 -1.03 18.22 36.11 17.95 18.18 -- 16.08
MOAT (Share Price) -4.32 -1.09 18.15 36.15 17.92 18.14 -- 16.07
MWMFTR (Index) -4.17 -0.87 18.74 36.88 18.49 18.74 18.56 16.65
Performance Differential (NAV - Index) -0.08 -0.16 -0.52 -0.77 -0.54 -0.56 -- -0.57
S&P 500 Index -4.65 0.58 15.92 30.00 15.99 16.90 16.63 15.18

*Returns less than one year are not annualized.

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. Past performance is no guarantee of future results.

The table presents past performance which is no guarantee of future results and which may be lower or higher than current performance. Returns reflect temporary contractual fee waivers and/or expense reimbursements. Had the ETF incurred all expenses and fees, investment returns would have been reduced. Investment returns and ETF share values will fluctuate so that investors' shares, when redeemed, may be worth more or less than their original cost. ETF returns assume that dividends and capital gains distributions have been reinvested in the Fund at NAV.

The "Net Asset Value" (NAV) of a VanEck Exchange Traded Fund (ETF) is determined at the close of each business day, and represents the dollar 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. VanEck ETF investors should not expect to buy or sell shares at NAV.

Top 10 Holdings (%) as of 09/30/21 Daily Holdings

Total Holdings: 50
Swipe
to view
full data
Holding Name
Ticker
Shares Market Value
(US$) 		% of Net
Assets
CHENIERE ENERGY INC
LNG US
1,933,132
188,809,002 2.86
WELLS FARGO & CO
WFC US
3,936,166
182,677,464 2.77
SALESFORCE.COM INC
CRM US
666,458
180,756,739 2.74
COMPASS MINERALS INTERNATIONAL INC
CMP US
2,700,902
173,938,089 2.64
ALPHABET INC
GOOGL US
64,009
171,129,342 2.59
MICROSOFT CORP
MSFT US
600,653
169,336,094 2.57
GUIDEWIRE SOFTWARE INC
GWRE US
1,419,882
168,781,373 2.56
GILEAD SCIENCES INC
GILD US
2,408,068
168,203,550 2.55
KELLOGG CO
K US
2,618,279
167,360,394 2.54
TYLER TECHNOLOGIES INC
TYL US
363,628
166,777,982 2.53
Top 10 Total (%) 26.35
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 09/30/21

  • Country

    % of Net Assets
  • ■

    United States

    99.86
  • ■

    Other/Cash

    0.14

Sector Weightings (%) as of 09/30/21

  • Sector

    % of Net Assets
  • ■

    Information Technology

    25.3
  • ■

    Health Care

    19.5
  • ■

    Industrials

    13.6
  • ■

    Consumer Staples

    12.2
  • ■

    Financials

    6.5
  • ■

    Communication Services

    6.3
  • ■

    Consumer Discretionary

    6.2
  • ■

    Materials

    5.1
  • ■

    Energy

    2.9
  • ■

    Utilities

    2.4
  • ■

    Other/Cash

    0.1