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VanEck Morningstar US Sustainable Wide Moat UCITS ETF

Index Description

The Morningstar US Sustainable Moat Focus Index tracks the overall performance of attractively priced US companies with sustainable competitive advantages according to Morningstar’s equity research team, subject to ESG screening based on Sustainalytics data. The rules-based index is reviewed semi-annually. Please consult http://indexes.morningstar.com for detailed index information.

Index Key Points

Underlying Index
Morningstar® US Sustainability Moat Focus IndexSM 

Index composition
The Index contains at least 40 attractively priced U.S. companies with sustainable competitive advantages, according to Morningstar's equity research team, that have been screened for ESG risks.

Companies eligible for inclusion in the Index

  • Derived from Morningstar® US Market IndexSM (Parent Index)
  • Assigned an Economic Moat rating of wide by Morningstar’s equity research team
  • Assigned a fair value estimate by Morningstar's equity research team
  • ESG risk score: must be in the medium, low or negligible categories (excludes high and extreme ESG risk companies)
  • Controversy score: must be 4 (out of 5) or lower through the trailing 3 years
  • Carbon risk score: if rated, must be in the medium, low, or negligible categories (excludes high and extreme carbon risk companies)
  • Product involvement exclusions: tobacco, controversial weapons, civilian firearms, thermal coal

Methodology highlights

  • Staggered reconstitution:
    Index is divided into two equally-weighted sub-portfolios, and each is reconstituted and rebalanced annually, one in June and the other in December
    Each sub-portfolio will contain 40 equally-weighted securities at its annual reconstitution and weights will vary with market prices until the next reconstitution date.
    Each sub-portfolio is reweighted to 50% of the total index every twelve months.
  • Buffer rule:                  
    At each review, current index constituents ranked within the top 150% of the eligible universe based on current market price/fair value ratio are given preference for inclusion
  • Sector cap: The greater of 40% or corresponding weight in Parent Index + 10%
  • Momentum screen : The Bottom 20% of eligible companies are excluded based on trailing 12-month price return

Index Provider
Morningstar Inc.


Please note that prior to 17th December 2021 EOD, the fund was called VanEck Morningstar US Wide Moat UCITS ETF and was following Morningstar Wide Moat Focus Index. You can find more information about the change in the documents section.

Index Information

  • Index Provider

    Morningstar

  • Index Type

    Net Total Return

  • Currency

    USD

  • Inception Date

    20 Jun 2014

  • Reconstitution Frequency

    Annually, Staggered Semi-Annually

  • Bloomberg Ticker

    MSUSSMNU

  • Reuters Ticker

    .MSUSSMNU

Index Top 10 Constituents (%) as of 30 Jun 2022

Total Constituents: 58
Constituent Name
Ticker
Weightings (%)
Microsoft Corp
MSFT US
2.70
Bank Of New York Mellon Corp
BK US
2.70
Kla Corp
KLAC US
2.69
Intercontinental Exchange In
ICE US
2.63
Yum! Brands Inc
YUM US
2.62
Alphabet Inc-Cl A
GOOGL US
2.60
Mondelez International Inc-A
MDLZ US
2.60
Constellation Brands Inc-A
STZ US
2.60
C.H. Robinson Worldwide Inc
CHRW US
2.56
Aspen Technology Inc
AZPN US
2.54
Top 10 Total (%) 26.24
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Index Country Weightings (%) as of 30 Jun 2022

  • Country

    Weightings (%)
  • ■

    United States

    100.0

Index Sector Weightings (%) as of 30 Jun 2022

  • Sector

    Weightings (%)
  • ■

    Information Technology

    31.5
  • ■

    Financials

    14.3
  • ■

    Consumer Staples

    12.0
  • ■

    Consumer Discretionary

    11.4
  • ■

    Industrials

    10.2
  • ■

    Health Care

    8.6
  • ■

    Communication Services

    8.2
  • ■

    Materials

    2.5
  • ■

    Energy

    1.2

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Performance data for the Irish domiciled funds is displayed on a Net Asset Value basis, in Base Currency terms, with net income reinvested, net of fees. Brokerage or transaction fees will apply. Performance data for the Dutch domiciled ETFs include income distributions gross of Dutch withholding tax, net of fees and assume that the Dutch dividend withholding tax levied from the dividend payment of the ETF will be deducted or reclaimed with the Dutch tax authority and is reinvested. Different investor types and investors from other jurisdictions may not be able to achieve the same level of performance due to their tax status and local tax rules. Brokerage or transaction fees will apply. The Dutch domiciled ETFs use a gross reinvestment index. Please note that the performance includes income distributions gross of Dutch withholding tax because Dutch investors deduct or reclaim the 15% Dutch withholding tax levied. Different investor types and investors from other jurisdictions may not be able to achieve the same level of performance due to their tax status and local tax rules. For more information please be referred to the respective fund’s performance section on this website.

The sales prospectus and KIID contain this and other information. Please read the sales prospectus and KIID carefully before investing.

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