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.

Why GOAT?

 
 

  • Fund Ticker

    GOAT

  • Exchange

    Cboe

  • 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 08/07/20

  • 30-Day SEC Yield1

    1.51%

  • Total Net Assets

    $9.5M

  • Number of Holdings

    68

  • Options

    Expected

  • Gross Expense Ratio2

    2.50%

  • Net Expense Ratio/TER2

    0.56%

  • Distribution Frequency

    Annual

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

    300,000

  • 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 08/07/20

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
GOAT $31.57
$31.62		 2,379
40		 -$0.04 / -0.11%
$-0.06 / -0.18%		 +2.69%
+2.59%
 $0.05
0.16%		 0.10%

Premium/Discount History as of 08/07/20

Calendar Year 2019 3Q 2019 4Q 2019 1Q 2020 2Q 2020 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 250 63 64 55 34
GOAT Days closed at NAV 1 1 0 2 7
Days closed at a discount 1 0 0 5 22

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) 3.59 11.09 1.16 11.03 -- -- -- 14.32
GOAT (Share Price) 3.15 11.04 0.81 10.89 -- -- -- 14.25
MSGWMFNU (Index)** 3.63 10.93 1.08 11.04 -- -- -- 14.55
Performance Differential (NAV - Index) -0.04 0.16 0.08 -0.01 -- -- -- -0.23
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
10/30/18
GOAT (NAV) 1.64 20.12 -2.34 8.30 -- -- -- 12.70
GOAT (Share Price) 1.96 19.95 -2.27 8.44 -- -- -- 12.90
MSGWMFNU (Index)** 1.85 19.74 -2.46 8.38 -- -- -- 12.90
Performance Differential (NAV - Index) -0.21 0.38 0.12 -0.08 -- -- -- -0.20

*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 07/31/20 Daily Holdings

Total Holdings: 68
Swipe
to view
full data
Holding Name
Ticker
Shares Market Value
(US$) 		% of Net
Assets
GEA GROUP AG
G1A GR
6,771
245,347 2.63
SERVICENOW INC
NOW US
498
218,722 2.34
TENCENT HOLDINGS LTD
700 HK
3,100
212,657 2.28
ZIMMER BIOMET HOLDINGS INC
ZBH US
1,507
203,234 2.18
GUIDEWIRE SOFTWARE INC
GWRE US
1,724
202,846 2.17
ALIBABA GROUP HOLDING LTD
9988 HK
6,400
200,809 2.15
JULIUS BAER GROUP LTD
BAER SW
4,499
198,559 2.13
CONSTELLATION BRANDS INC
STZ US
1,112
198,158 2.12
MICROSOFT CORP
MSFT US
965
197,835 2.12
NABTESCO CORP
6268 JP
6,400
194,942 2.09
Top 10 Total (%) 22.21
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 07/31/20

  • Country

    % of Net Assets
  • ■

    United States

    64.86
  • ■

    China

    7.43
  • ■

    United Kingdom

    6.36
  • ■

    France

    5.19
  • ■

    Japan

    4.83
  • ■

    Switzerland

    4.00
  • ■

    Germany

    3.51
  • ■

    Canada

    1.96
  • ■

    Denmark

    0.99
  • ■

    Australia

    0.97
  • ■

    Other/Cash

    -0.10

Sector Weightings (%) as of 07/31/20

  • Sector

    % of Net Assets
  • ■

    Health Care

    22.7
  • ■

    Information Technology

    15.6
  • ■

    Industrials

    15.4
  • ■

    Consumer Staples

    13.2
  • ■

    Consumer Discretionary

    11.3
  • ■

    Communication Services

    8.7
  • ■

    Financials

    8.3
  • ■

    Materials

    2.9
  • ■

    Energy

    1.0
  • ■

    Utilities

    0.9
  • ■

    Other/Cash

    -0.1