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MOAT
VanEck Vectors Morningstar Wide Moat ETF

  • The latest quarterly review of MOAT’s Index, the Morningstar® Wide Moat Focus IndexSM(MWMFTR or “the Index”), on June 19, 2020 led to increased weightings for many stocks added in the previous rebalance. Also notable was the further reduction in FAANG stocks exposure from already low levels and the addition of well-known consumer brands, including Coca-Cola, Tiffany and Yum! Brands.
  • Index reviews during market volatility and sell-offs have, at times historically, benefited the index. Most recently, the Index allocated to many oversold semiconductor companies at the end of December 2018. Many of those companies helped fuel 2019 outperformance.
  • 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.

Read more in our latest Moat Investing blog.

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.

Why MOAT?

 
 

  • 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 07/15/20

  • 30-Day SEC Yield1

    1.99%
  • Total Net Assets

    $3.4B
  • Number of Holdings

    49
  • Options

    Available
  • Gross Expense Ratio2

    0.48%
  • Net Expense Ratio/TER2

    0.48%
  • Distribution Frequency

    Annual

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) 0.40 19.24 -4.62 10.14 11.29 12.92 -- 13.75
MOAT (Share Price) 0.33 19.41 -4.65 10.16 11.24 12.89 -- 13.74
MWMFTR (Index) 0.39 19.34 -4.59 10.49 11.78 13.48 15.58 14.30
Performance Differential (NAV - Index) 0.01 -0.10 -0.03 -0.35 -0.49 -0.56 -- -0.55
S&P 500 Index 1.99 20.54 -3.08 7.51 10.73 10.73 13.99 12.80
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
04/24/12
MOAT (NAV) 0.40 19.24 -4.62 10.14 11.29 12.92 -- 13.75
MOAT (Share Price) 0.33 19.41 -4.65 10.16 11.24 12.89 -- 13.74
MWMFTR (Index) 0.39 19.34 -4.59 10.49 11.78 13.48 15.58 14.30
Performance Differential (NAV - Index) 0.01 -0.10 -0.03 -0.35 -0.49 -0.56 -- -0.55
S&P 500 Index 1.99 20.54 -3.08 7.51 10.73 10.73 13.99 12.80

Growth of hypothetical $10,000 investment as of 06/30/2020

3 Months | 6 Months | 1 Year | 3 Years | 5 Years |
TO

Calendar Year Returns (%) as of 12/31/2019

NAV & Premium/
Discount History
as of 06/30/20

Best & Worst
Quarter Returns (%)
as of 06/30/20

  • Best quarter

    2Q'20 +19.24%
  • Worst quarter

    1Q'20 -20.01%

Best & Worst Quarter Returns are based on NAV, reflect the period since the Fund's inception, and are updated quarterly.  

 

Distribution History

Anticipated Dividend & Capital Gains Frequency: Annual
Year Ex-Date Record
Date
Payable Date Dividend
Income*
Short-Term
Capital Gains
Long-Term
Capital Gains
Return of
Capital
Total
Distributions
2019 12/23/2019 12/24/2019 12/30/2019 $0.7167 -- -- -- $ 0.72
2018 12/20/2018 12/21/2018 12/27/2018 $0.7380 -- -- -- $ 0.74
2017 12/18/2017 12/19/2017 12/22/2017 $0.4560 -- -- -- $ 0.46
2016 12/19/2016 12/21/2016 12/23/2016 $0.4080 -- -- -- $ 0.41
2015 12/21/2015 12/23/2015 12/28/2015 $0.6170 -- -- -- $ 0.62
2014 12/22/2014 12/24/2014 12/29/2014 $0.4160 -- -- -- $ 0.42
2013 12/23/2013 12/26/2013 12/30/2013 $0.2290 -- -- -- $ 0.23
2012 12/24/2012 12/27/2012 12/31/2012 $0.1360 -- -- -- $ 0.14

*All registered investment companies are obliged to distribute portfolio gains to shareholders at yearend regardless of performance. Trading VanEck Vectors ETFs will also generate tax consequences and transaction expenses. The information provided is not intended to be tax advice. Tax consequences of dividend distributions may vary by individual taxpayer. There is no guarantee that dividends will be paid. To receive a distribution, you must have been a registered shareholder of the relevant VanEck Vectors ETFs on the record date. Distributions are paid to shareholders on the payment date. Past distributions are not indicative of future distributions.

Certain distributions may constitute a return of capital, which will have the effect of reducing your cost basis in the Fund’s shares and thereby increasing the amount of capital gain, if any, or decreasing the amount of capital loss, if any, that you will realize when selling or exchanging Fund shares. The final determination of the tax characteristics cannot be determined until after each Fund’s yearend and are reported to shareholders on Form 1099-DIV. The form is mailed to shareholders shortly after calendar yearend specifying how the distributions paid by the Fund during the prior calendar year should be characterized for purposes of reporting the distribution on a shareholder’s tax return.

The tax treatment and characterization of the Fund’s distributions may vary significantly from time to time depending on whether the Fund has gains or losses on the securities in its portfolio. The Fund’s distributions will normally reflect past and projected net investment income, and may include income from dividends and interest, capital gains and/or a return of capital. The final composition of the tax characteristics of the distributions cannot be determined with certainty until after the end of the year, and will be reported to shareholders at that time. The amount of distributions will vary, depending on a number of factors. As portfolio and market conditions change, the rate of dividends may change. There can be no assurance that the Fund will be able to declare a dividend distribution in each period. Past performance is no guarantee of future results.

Click here to access more detailed yearend tax information.