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MOAT
VanEck Vectors Morningstar Wide Moat ETF

Latest Market Updates*

  • MOAT’s index underwent its quarterly review on September 18, 2020 when it reinforced its previous shifts away from mega cap growth-oriented companies to a more value-oriented posturing. This positioning in what Morningstar believes are undervalued stocks has driven near-term underperformance relative to the broad US equity markets.
  • FAANG + Microsoft accounted for over 23% of the S&P 500 Index while only Amazon and Microsoft remain in MOAT which accounted for just over 2% of its assets as of October 12, 2020.
  • 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.

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 10/21/20

  • 30-Day SEC Yield1

    1.91%
  • Total Net Assets

    $3.5B
  • Number of Holdings

    48
  • Options

    Available
  • Gross Expense Ratio2

    0.48%
  • Net Expense Ratio/TER2

    0.48%
  • Distribution Frequency

    Annual

Fundamentals
as of 09/30/20

  • Weighted Average Market Cap

    $127.0B
  • Price/Earnings Ratio
    (Last 12 Months)*

    21.55
  • Price/Book Ratio
    (Last 12 Months)*

    2.77
*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 09/30/20

  • Capitalization

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

    91.4%
  • Mid ($1.0 - $5.0B)

    8.5%
  • 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 09/30/20

  • Beta vs. S&P 500 Index

    1.01
  • Correlation vs. S&P 500 Index

    0.97
  • Volatility (Standard Deviation)

    18.31
  • Sharpe Ratio

    0.58

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.5

Country Weightings (%) as of 09/30/20

  • Country

    % of Net Assets
  • United States

    99.95
  • Other/Cash

    0.05

Portfolio Composition (%)
as of 10/20/20

  • % of Net Assets
  • Stocks

    99.90
  • Bonds

    0.00
  • Other

    0.00
  • Cash

    0.10

Sector Weightings (%) as of 09/30/20

  • Sector

    % of Net Assets
  • Information Technology

    22.0
  • Health Care

    20.2
  • Financials

    16.0
  • Consumer Staples

    11.0
  • Industrials

    10.9
  • Consumer Discretionary

    7.5
  • Materials

    5.4
  • Communication Services

    3.6
  • Energy

    2.4
  • Utilities

    1.2
  • Other/Cash

    0.1

Currency Exposure (%)
as of 09/30/20

  • U.S. Dollar

    99.95
  • Other/Cash

    0.05