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MOAT
VanEck Morningstar Wide Moat ETF

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
  • Inception Date

    04/24/2012
  • ETF Structure

    Physical
  • Administrator

    Van Eck Associates
  • Index Ticker

    MWMFTR
  • Index Reconstitution

    Semi-Annually, Staggered quarterly

 
as of 10/04/22

  • 30-Day SEC Yield1

    1.09%
  • Total Net Assets

    $6.3B
  • Number of Holdings

    48
  • Options

    Available
  • Gross Expense Ratio2

    0.46%
  • Net Expense Ratio/TER2

    0.46%
  • Distribution Frequency

    Annual
  • Next Distribution Date

    12/16/2022
Click here to read the Recommended Insights - Moat Stocks Remain Ahead in Volatile Market
Click here to read the Recommended Insights - Moat Stocks Remain Ahead in Volatile Market

Morningstar™ Ratings3
as of 08/31/2022

Category Overall 3 Year 5 Year
Large Blend
5 stars of 1231 funds
4 stars of 1231 funds
4 stars of 1111 funds

Morningstar Ratings: When applicable, ratings shown when the ETF is rated three stars or more for any given period. For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics.

© Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

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

    97,800,000
  • Estimated Cash

    MOATEU
  • Total Cash

    MOATTC
  • CUSIP

    92189F643
  • ISIN

    US92189F6438
Source: Bloomberg

Fees and Expenses2

  • Management Fee

    0.45%
  • Other Expenses

    0.01%
  • Gross Expense Ratio

    0.46%
  • Fee Waivers and
    Expense Reimbursement

    --
  • Net Expense Ratio/TER2

    0.46%

2Expenses for MOAT are capped contractually at 0.49% until February 1, 2023. 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
  • 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 10/04/22

NAV/
Market
Price
Volume
30-Day Avg./
Last Trading Day
Daily Change
NAV/
Last Price
YTD Change NAV/
Last Price
Premium/
Discount
30-Day
Median
Bid Ask
Spread
NAV
Chart
MOAT $64.08
$64.11
534,811
1,190,763
$2.31 / +3.74%
$2.33 / --
-15.77%
--
$0.03
0.05%
0.03%

Premium/Discount History as of 10/04/22

Calendar Year 2021 4Q 2021 1Q 2022 2Q 2022 3Q 2022 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 209 58 42 34 32
MOAT Days closed at NAV 8 2 7 8 14
Days closed at a discount 35 4 13 20 18

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) -4.92 -3.43 -12.44 -12.02 12.72 12.47 13.73 13.62
MOAT (Share Price) -5.01 -3.49 -12.50 -12.07 12.72 12.45 13.70 13.62
MWMFTR (Index) -4.88 -3.30 -12.12 -11.48 13.26 13.02 14.30 14.19
Performance Differential (NAV - Index) -0.04 -0.13 -0.32 -0.54 -0.54 -0.55 -0.57 -0.57
S&P 500 Index -4.08 -3.88 -16.14 -11.23 12.39 11.82 13.08 12.97
  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
04/24/12
MOAT (NAV) -7.52 -14.50 -16.16 -12.93 11.29 11.52 13.72 13.38
MOAT (Share Price) -7.65 -14.69 -16.27 -13.02 11.30 11.49 13.69 13.37
MWMFTR (Index) -7.48 -14.39 -15.92 -12.39 11.83 12.07 14.29 13.94
Performance Differential (NAV - Index) -0.04 -0.11 -0.24 -0.54 -0.54 -0.55 -0.57 -0.56
S&P 500 Index -8.25 -16.10 -19.96 -10.62 10.60 11.31 12.96 12.68

Top 10 Holdings (%) as of 08/31/22 Daily Holdings

Total Holdings: 50
Swipe
to view
full data
Holding Name
Ticker
Shares
Market Value
(US$)
% of Net
Assets
Kellogg Co
K US
2,776,972
201,996,943 3.07
Gilead Sciences Inc
GILD US
2,945,882
186,975,131 2.85
Polaris Inc
PII US
1,638,681
185,613,397 2.82
Veeva Systems Inc
VEEV US
921,810
183,735,169 2.80
Ecolab Inc
ECL US
1,082,799
177,394,960 2.70
Boeing Co/The
BA US
1,101,725
176,551,431 2.69
Blackrock Inc
BLK US
258,851
172,495,718 2.62
Etsy Inc
ETSY US
1,615,672
170,631,120 2.60
Tyler Technologies Inc
TYL US
449,757
167,089,223 2.54
Biogen Inc
BIIB US
849,175
165,911,812 2.52
Top 10 Total (%) 27.21
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 08/31/22

  • Country

    % of Net Assets
  • United States

    97.59
  • Argentina

    2.38
  • Other/Cash

    0.04

Sector Weightings (%) as of 08/31/22

  • Sector

    % of Net Assets
  • Information Technology

    27.70
  • Industrials

    16.08
  • Health Care

    14.46
  • Financials

    11.51
  • Consumer Discretionary

    10.30
  • Consumer Staples

    7.75
  • Communication Services

    6.95
  • Materials

    3.69
  • n/a

    1.53
  • Other/Cash

    0.04