MOATVanEck 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.
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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 08/17/22
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30-Day SEC Yield1
0.96% -
Total Net Assets
$7.2B -
Number of Holdings
50 -
Options
Available -
Gross Expense Ratio2
0.46% -
Net Expense Ratio/TER2
0.46% -
Distribution Frequency
Annual -
Next Distribution Date
12/16/2022
Index Key Points
Underlying Index:
Morningstar® Wide Moat Focus IndexSMThe Index Composition:
The Index contains at least 40 attractively priced U.S. companies with sustainable competitive advantages according to Morningstar's equity research team.
Companies eligible for inclusion in the Index:
- Derived from Morningstar® US Market 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:
- 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 40 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 cap: The greater of 40% or corresponding weight in Parent Index + 10%
Index provider:
Morningstar, Inc.
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.
Index Profile
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Ticker
MWMFTR -
Inception Date
02/14/2007 -
Rebalance Frequency
Semi-Annually, Staggered quarterly
Index Top 10 Constituents (%) as of 07/31/22
to view
full data
| Constituent Name | Ticker | Weightings (%) |
|---|---|---|
| Veeva Systems Inc-Class A | VEEV US | 2.98 |
| Kellogg Co | K US | 2.97 |
| Polaris Inc | PII US | 2.78 |
| Biogen Inc | BIIB US | 2.64 |
| Tyler Technologies Inc | TYL US | 2.59 |
| Ecolab Inc | ECL US | 2.59 |
| Microsoft Corp | MSFT US | 2.55 |
| Gilead Sciences Inc | GILD US | 2.54 |
| Boeing Co/The | BA US | 2.54 |
| Masco Corp | MAS US | 2.53 |
| Top 10 Total (%) | 26.71 | |
Index Country Weightings (%) as of 07/31/22
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Country
% of Net Assets -
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United States
97.9 -
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Brazil
2.1
Index Sector Weightings (%) as of 07/31/22
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Sector
% of Net Assets -
■
Information Technology
30.6 -
■
Industrials
16.5 -
■
Health Care
14.4 -
■
Financials
11.1 -
■
Consumer Discretionary
9.9 -
■
Consumer Staples
7.4 -
■
Communication Services
6.7 -
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Materials
3.5