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MOAT
VanEck Vectors Morningstar Wide Moat ETF

Latest Market Updates*

  • The outcome of MOAT’s index reviews in 2020 was a reduction of big-tech and other growth-oriented exposure and a shift toward value stocks.
  • FAANG + Microsoft accounted for over 23% of the S&P 500 Index while only Amazon and Microsoft remain in MOAT and accounted for just over 2% of its assets as of November 30, 2020.1
  • We believe MOAT’s valuations remain attractive signaling upside potential if the market recognizes the mispricing of the portfolio stocks based on Morningstar’s fair value assessments.

Learn More | Top Moat Stocks in 2020: Veeva, ServiceNow and Amazon

1Source: Morningstar, as of 11/30/2020.

Fund Description

VanEck Vectors 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 01/25/21

  • 30-Day SEC Yield1

    1.68%

  • Total Net Assets

    $4.3B

  • Number of Holdings

    49

  • Options

    Available

  • Gross Expense Ratio2

    0.48%

  • Net Expense Ratio/TER2

    0.48%

  • Distribution Frequency

    Annual
Schedule a Call
Why Invest?
How to Buy

Morningstar™ Ratings3
as of 12/31/2020

Category Overall 3 Year 5 Year
Large Blend
5 stars of 1232 funds
4 stars of 1232 funds
5 stars of 1072 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

    67,150,000

  • Estimated Cash

    MOATEU

  • Total Cash

    MOATTC

  • CUSIP

    92189F643

  • ISIN

    US92189F6438
Source: Bloomberg

Fees and Expenses2

  • Management Fee

    0.45%

  • Other Expenses

    0.03%

  • Gross Expense Ratio

    0.48%

  • Fee Waivers and
    Expense Reimbursement

    --

  • Net Expense Ratio/TER2

    0.48%
2Expenses for MOAT are capped contractually at 0.49% until February 1, 2021. Cap excludes acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses.

Prices as of 01/25/21

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 $64.01
$64.04		 316,278
272,847		 -$0.19 / -0.30%
$-0.18 / -0.28%		 +3.26%
+3.29%
 $0.03
0.05%		 0.02%

Premium/Discount History as of 01/25/21

Calendar Year 2019 1Q 2020 2Q 2020 3Q 2020 4Q 2020 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 164 23 37 31 42
MOAT Days closed at NAV 33 13 5 8 6
Days closed at a discount 55 26 21 25 16

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) 3.01 15.13 14.76 14.76 15.21 18.06 -- 15.34
MOAT (Share Price) 2.99 15.24 14.84 14.84 15.19 18.07 -- 15.34
MWMFTR (Index) 3.06 15.28 15.09 15.09 15.72 18.61 15.70 15.89
Performance Differential (NAV - Index) -0.05 -0.15 -0.33 -0.33 -0.51 -0.55 -- -0.55
S&P 500 Index 3.84 12.15 18.40 18.40 14.18 15.22 13.88 14.63
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
04/24/12
MOAT (NAV) 3.01 15.13 14.76 14.76 15.21 18.06 -- 15.34
MOAT (Share Price) 2.99 15.24 14.84 14.84 15.19 18.07 -- 15.34
MWMFTR (Index) 3.06 15.28 15.09 15.09 15.72 18.61 15.70 15.89
Performance Differential (NAV - Index) -0.05 -0.15 -0.33 -0.33 -0.51 -0.55 -- -0.55
S&P 500 Index 3.84 12.15 18.40 18.40 14.18 15.22 13.88 14.63

*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.

Top 10 Holdings (%) as of 12/31/20 Daily Holdings

Total Holdings: 50
Swipe
to view
full data
Holding Name
Ticker
Shares Market Value
(US$) 		% of Net
Assets
JOHN WILEY & SONS INC
JW/A US
2,723,277
124,344,828 3.03
CHARLES SCHWAB CORP/THE
SCHW US
2,322,555
123,188,317 3.00
CORTEVA INC
CTVA US
2,942,226
113,922,991 2.77
US BANCORP
USB US
2,394,706
111,569,353 2.72
WELLS FARGO & CO
WFC US
3,688,540
111,320,137 2.71
CONSTELLATION BRANDS INC
STZ US
496,630
108,786,802 2.65
BANK OF AMERICA CORP
BAC US
3,584,506
108,646,377 2.65
BOEING CO/THE
BA US
491,431
105,195,720 2.56
YUM! BRANDS INC
YUM US
965,616
104,827,273 2.55
CHENIERE ENERGY INC
LNG US
1,740,544
104,484,856 2.54
Top 10 Total (%) 27.18
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 12/31/20

  • Country

    % of Net Assets
  • ■

    United States

    99.96
  • ■

    Other/Cash

    0.04

Sector Weightings (%) as of 12/31/20

  • Sector

    % of Net Assets
  • ■

    Health Care

    18.8
  • ■

    Financials

    17.6
  • ■

    Information Technology

    17.5
  • ■

    Industrials

    12.2
  • ■

    Consumer Staples

    10.8
  • ■

    Consumer Discretionary

    8.5
  • ■

    Communication Services

    5.5
  • ■

    Materials

    5.2
  • ■

    Energy

    2.5
  • ■

    Utilities

    1.3
  • ■

    Other/Cash

    0.0