Skip directly to Accessibility Notice
Menu
Contact

Videos

Moat Investing Resources

Webinar Replay  

What Makes a Moat?  

Wide Moat Investing: Built for the Long Term  

Morningstar Wide Moat Focus Index Reconstitution  

Wide Moat Focus Index Enhancements FAQ  

Morningstar Video: Why Moats Matter? (18:47)  

MOAT Investing Blog

Related Funds

MOAT
VanEck Vectors Morningstar Wide Moat ETF
MOTI
VanEck Vectors Morningstar International Moat ETF
MWMZX
VanEck Morningstar Wide Moat Fund - Class Z

How to Purchase

Learn more

GOAT
VanEck Vectors Morningstar Global Wide Moat ETF

Fund Description

VanEck Vectors Morningstar Global Wide Moat ETF (GOAT™) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Morningstar® Global Wide Moat Focus IndexSM (MSGWMFNU), which is intended to track the overall performance of attractively priced global companies with sustainable competitive advantages according to Morningstar's equity research team.

 
 

  • Fund Ticker

    GOAT

  • Exchange

    Cboe

  • Commencement

    10/30/2018

  • ETF Structure

    Physical

  • Administrator

    Van Eck Associates

  • Custodian

    State Street Bank and Trust Company

  • Index Ticker

    MSGWMFNU

  • Index Reconstitution

    Semi-Annually, Staggered Quarterly

 
as of 02/26/20

  • 30-Day SEC Yield1

    1.39%

  • Total Net Assets

    $7.4M

  • Number of Holdings

    72

  • Options

    Expected

  • Gross Expense Ratio2

    2.50%

  • Net Expense Ratio/TER2

    0.56%

  • Distribution Frequency

    Annual

  • Next Distribution Date

    12/18/20

Key Points

  • Wide Moat Companies
    A focus on global 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

    GOAT

  • Index Total Return Ticker

    MSGWMFNU

  • NAV

    GOATNV

  • Intraday NAV (IIV)4

    GOATIV

  • Shares Outstanding

    250,000

  • Estimated Cash

    GOATEU

  • Total Cash

    GOATTC

  • CUSIP

    92189F122
Source: Bloomberg

Fees and Expenses2

  • Management Fee

    0.45%

  • Other Expenses

    2.05%

  • Gross Expense Ratio

    2.50%

  • Fee Waivers and
    Expense Reimbursement

    -1.94%

  • Net Expense Ratio/TER2

    0.56%
2Expenses for GOAT are capped contractually at 0.52% until February 1, 2021. Cap excludes acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses.

Prices as of 02/26/20

NAV/
Last 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 		NAV
Chart
GOAT $29.76
$29.84		 2,498
486		 -$0.10 / -0.32%
$-0.08 / -0.27%		 -3.19%
-3.18%
 $0.08
0.26%

Premium/Discount History as of 02/21/20

Calendar Year 2018 1Q 2019 2Q 2019 3Q 2019 4Q 2019 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 34 61 62 63 64
GOAT Days closed at NAV 2 0 0 1 0
Days closed at a discount 6 0 1 0 0

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
10/30/18
GOAT (NAV) 0.42 6.67 0.42 20.48 -- -- -- 19.82
GOAT (Share Price) 0.42 6.77 0.42 20.45 -- -- -- 20.06
MSGWMFNU (Index)** 0.59 6.94 0.59 20.88 -- -- -- 20.41
Performance Differential (NAV - Index) -0.17 -0.27 -0.17 -0.40 -- -- -- -0.59
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
10/30/18
GOAT (NAV) 2.85 8.65 28.03 28.03 -- -- -- 20.97
GOAT (Share Price) 2.89 8.67 28.39 28.39 -- -- -- 21.22
MSGWMFNU (Index)** 2.94 8.80 28.35 28.35 -- -- -- 21.43
Performance Differential (NAV - Index) -0.09 -0.15 -0.32 -0.32 -- -- -- -0.46

*Returns less than one year are not annualized.
**Index inception date: 04/23/2018

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 Vectors 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 Vectors ETF investors should not expect to buy or sell shares at NAV.

Top 10 Holdings (%) as of 01/31/20 Daily Holdings

Total Holdings: 72
Swipe
to view
full data
Holding Name
Ticker
Shares Market Value
(US$) 		% of Net
Assets
SERVICENOW INC
NOW US
542
183,321 2.38
INTEL CORP
INTC US
2,705
172,931 2.24
SALESFORCE.COM INC
CRM US
938
171,007 2.22
MICROSOFT CORP
MSFT US
1,003
170,741 2.21
ROCHE HOLDING AG
ROG SW
492
164,837 2.14
ALPHABET INC
GOOGL US
114
163,337 2.12
NOVO NORDISK A/S
NOVOB DC
2,672
162,518 2.11
TENCENT HOLDINGS LTD
700 HK
3,400
162,182 2.10
WESTERN UNION CO/THE
WU US
6,009
161,642 2.09
ENBRIDGE INC
ENB CN
3,967
161,404 2.09
Top 10 Total (%) 21.70
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 01/31/20

  • Country

    % of Net Assets
  • ■

    United States

    60.49
  • ■

    Canada

    5.98
  • ■

    United Kingdom

    5.94
  • ■

    China

    5.89
  • ■

    Switzerland

    4.98
  • ■

    France

    4.92
  • ■

    Japan

    2.85
  • ■

    Mexico

    2.18
  • ■

    Denmark

    2.11
  • ■

    Australia

    1.99
  • ■

    Germany

    1.92
  • ■

    Belgium

    0.72
  • ■

    Other/Cash

    0.04

Sector Weightings (%) as of 01/31/20

  • Sector

    % of Net Assets
  • ■

    Health Care

    20.7
  • ■

    Industrials

    16.2
  • ■

    Information Technology

    16.2
  • ■

    Consumer Discretionary

    12.3
  • ■

    Consumer Staples

    11.6
  • ■

    Financials

    10.0
  • ■

    Communication Services

    8.0
  • ■

    Energy

    2.9
  • ■

    Utilities

    1.0
  • ■

    Materials

    1.0
  • ■

    Other/Cash

    0.0