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VanEck Vectors Morningstar US Wide Moat UCITS ETF

Index Description

The Morningstar Wide Moat Focus Index tracks the overall performance of attractively priced US companies with sustainable competitive advantages according to Morningstar’s equity research team. The rules-based index is reviewed quarterly. Please consult for detailed index information.

Index Key Points

Underlying Index
Morningstar Wide Moat Focus Index (MWMFTR)

Index composition
The Index contains at least 40 attractively priced U.S. companies with sustainable competitive advantages according to Morningstar's equity research team.

Companies eligible for inclusion in the Index

  • Derived from Morningstar® US Market IndexTM (Parent Index).
  • Assigned a Wide Economic Moat rating by Morningstar’s equity research team.
  • Assigned a fair value estimate by Morningstar's equity research team.

Methodology highlights

  • Staggered reconstitution:
    Index is divided into two equally-weighted sub-portfolios, and each is reconstituted and rebalanced semi-annually on alternating quarters.
    Each sub-portfolio will contain 40 equally-weighted securities at its semi-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 six months.
  • Buffer rule:                  
    At each quarterly 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.
    From among the remaining eligible securities, those with the lowest current market price/fair value ratios are included in the index.
  • Sector cap: The greater of 40% or corresponding weight in Parent Index + 10%

Index Provider
Morningstar Inc.

Please note, that the methodology of MOATs underlying index (MWMFTR) has changed on 20 June 2016. For more details please see the market announcement.

Index Information

  • Index Provider

  • Index Type

    Total Return
  • Currency

  • Inception Date

    14 Feb 2007
  • Reconstitution Frequency

    Semi-Annually, Staggered quarterly
  • Bloomberg Ticker

  • Reuters Ticker


Index Top 10 Constituents (%) as of 31 Oct 2020

Total Constituents: 48
Constituent Name
Weightings (%)
Corteva Inc
Compass Minerals Internation
Schwab (Charles) Corp
Salesforce.Com Inc
Us Bancorp
Microchip Technology Inc
Yum! Brands Inc
Applied Materials Inc
Pfizer Inc
Berkshire Hathaway Inc-Cl B
Top 10 Total (%) 27.50
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Index Country Weightings (%) as of 31 Oct 2020

  • Country

    Weightings (%)
  • United States


Index Sector Weightings (%) as of 31 Oct 2020

  • Sector

    Weightings (%)
  • Information Technology

  • Health Care

  • Financials

  • Industrials

  • Consumer Staples

  • Consumer Discretionary

  • Materials

  • Communication Services

  • Energy

  • Utilities


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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.

Not Insured — No Bank Guarantee — May Lose Value