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MOAT
VanEck Vectors Morningstar Wide Moat ETF

  • The VanEck Vectors Morningstar Wide Moat ETF (MOAT) has outperformed the S&P 500 Index from its peak on February 19, 2020 through March 25, 2020 by 0.88% and trails year-to-date by 0.53%.
  • Its Index underwent its quarterly review on March 23, 2020 allowing it to target undervalued wide moat US companies. It dialed up financials exposure and scaled back health care.
  • 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.
  • MOAT’s valuations are at levels not seen since 2011 and are far more attractive than the broad market signaling greater upside potential if the market recognizes the mispricing of the portfolio stocks based on Morningstar’s fair value assessments.

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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
  • Commencement

    04/24/2012
  • 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 03/27/20

  • 30-Day SEC Yield1

    2.07%
  • Total Net Assets

    $2.5B
  • Number of Holdings

    48
  • Options

    Available
  • Gross Expense Ratio2

    0.48%
  • Net Expense Ratio/TER2

    0.48%
  • Distribution Frequency

    Annual
  • Next Distribution Date

    12/18/2020

Fundamentals
as of 02/29/20

  • Weighted Average Market Cap

    $141.3B
  • Price/Earnings Ratio
    (Last 12 Months)*

    19.02
  • Price/Book Ratio
    (Last 12 Months)*

    3.37
*A weighted harmonic average is used to calculate this metric. Price/Book Ratio is the price of a security divided by the book value per share of the security. Price/Earnings Ratio is the price of a security divided by the last twelve months earnings per share of the security.

Market Capitalization (%)
as of 02/29/20

  • Capitalization

    % of Net
    Assets ($)
  • Large (>$5.0B)

    93.6%
  • Mid ($1.0 - $5.0B)

    6.1%
  • Small (<$1.0B)

    0.0%
This breakdown represents what percentage of the ETF's assets represent large/mid/small-sized companies. The market capitalization of an individual, publicly traded company is calculated by multiplying the company's stock price by the total number of its shares outstanding.

3-YR Risk Measures
as of 02/29/20

  • Beta vs. S&P 500 Index

    1.04
  • Correlation vs. S&P 500 Index

    0.95
  • Volatility (Standard Deviation)

    14.21
  • Sharpe Ratio

    0.69

Source: VanEck, FactSet.

Beta is a measure of sensitivity to market movements. Correlation measures the extent of linear association between the ETF performance and the index performance. Volatility is the annualized standard deviation of the ETF's monthly returns. Sharpe ratio measures risk-adjusted return, and represents the ETF's return less the risk free rate divided by the standard deviation. See S&P 500 Index definition.6

Country Weightings (%) as of 02/29/20

  • Country

    % of Net Assets
  • United States

    99.68
  • Other/Cash

    0.32

Portfolio Composition (%)
as of 03/27/20

  • % of Net Assets
  • Stocks

    100.06
  • Bonds

    0.00
  • Other

    0.00
  • Cash

    -0.06

Sector Weightings (%) as of 02/29/20

  • Sector

    % of Net Assets
  • Health Care

    24.2
  • Information Technology

    18.9
  • Financials

    12.1
  • Industrials

    11.8
  • Consumer Discretionary

    10.4
  • Consumer Staples

    7.4
  • Communication Services

    4.8
  • Materials

    3.8
  • Energy

    3.6
  • Utilities

    2.5
  • Other/Cash

    0.3

Currency Exposure (%)
as of 02/29/20

  • U.S. Dollar

    99.68
  • Other/Cash

    0.32