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Moat Index Delivers Strong Q1 Off Value Moves

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Related Funds

MOAT
VanEck Vectors Morningstar Wide Moat ETF

MWMZX
VanEck Morningstar Wide Moat Fund - Class Z

MOTI
VanEck Vectors Morningstar International Moat ETF

GOAT
VanEck Vectors Morningstar Global Wide Moat ETF

Fund Description

VanEck Vectors Morningstar Global Wide Moat ETF (GOAT^®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Morningstar^®Global Wide Moat Focus Index^SM(MSGWMFNU), which is intended to track the overall performance of attractively priced global companies with sustainable competitive advantages according to Morningstar's equity research team.

Fund Ticker
GOAT
Exchange
Cboe
ETF Structure
Physical
Administrator
Van Eck Associates
Custodian
State Street Bank and Trust Company
Index Ticker
MSGWMFNU
Index Reconstitution
Semi-Annually, Staggered Quarterly

as of 04/19/21

30-Day SEC Yield¹
1.15%
Total Net Assets
$17.2M
Number of Holdings
68
Options
Expected
Gross Expense Ratio²
2.04%
Net Expense Ratio/TER²
0.52%
Distribution Frequency
Annual

Schedule a Call

Key Points

Wide Moat Companies
A focus on global companies Morningstar believes possess sustainable competitive advantages, or “moats”

Focus on Valuations
Index targets companies trading at attractive prices relative to Morningstar’s estimate of fair value

Morningstar’s Equity Research
Index fueled by Morningstar’s forward-looking, rigorous equity research process driven by over 100 analysts globally

Trading Information

Fund Ticker
GOAT
Index Total Return Ticker
MSGWMFNU
NAV
GOATNV
Intraday NAV (IIV)⁴
GOATIV
Shares Outstanding
450,000
Estimated Cash
GOATEU
Total Cash
GOATTC
CUSIP
92189F122

Source: Bloomberg

Fees and Expenses²

Management Fee
0.45%
Other Expenses
1.59%
Gross Expense Ratio
2.04%
Fee Waivers and
Expense Reimbursement
-1.52%
Net Expense Ratio/TER²
0.52%

²Expenses for GOAT are capped contractually at 0.52% until February 1, 2022. Cap excludes acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses.

Investment Professionals

Peter Liao, CFA

Portfolio Manager and Head of Equity ETFs
Oversees the Equity ETF Investment Management Team including development and management of index replication and optimization strategies
Joined VanEck in 2005
CFA charterholder; member of the CFA Society New York
BA, Mathematics and Economics, New York University

Guo Hua (Jason) Jin

Portfolio Manager and Analyst for Equity ETFs
Joined VanEck in 2007
Prior to his current role, held a portfolio administration position at VanEck
Previously, Portfolio Analyst at Evaluation Associates
BS, Business Administration (concentration in Financial Analysis), State University of New York at Buffalo

Griffin Driscoll

Analyst for Equity ETFs
Joined VanEck in 2018
Prior to joining VanEck, ETF Basket Operations Analyst at JPMorgan
BS, Finance, Providence College

Ralph Lasta

Analyst for Equity ETFs
Joined VanEck in 2019
Prior to VanEck, Intermediate Representative, Exchange Traded Funds at BNY Mellon.
BS, Accounting, Hunter College

Prices as of 04/19/21

	NAV/ Market Price	Volume 30-Day Avg./ Last Trading Day	Daily Change NAV/ Last Price	YTD Change NAV/ Last Price	Premium/ Discount	Prem/Discount Distribution Charts	NAV & Prem/Discount History	30-Day Median Bid Ask Spread	NAV Chart
GOAT	$38.28 $38.36	3,870 3,297	-$0.19 / -0.50% $-0.20 / -0.53%	+10.28% +10.42%	$0.08 0.20%			0.08%

Premium/Discount History as of 04/19/21

		Calendar Year 2020	2Q 2020	3Q 2020	4Q 2020	1Q 2021
	Days closed at a premium	212	34	62	61	60
GOAT	Days closed at NAV	10	7	0	1	1
	Days closed at a discount	31	22	2	2	0

Performance History: Average Annual Total Returns* (%)
View All ETFs View All Indices

Month End as of 03/31/21
Quarter End as of 03/31/21

	1 MO	3 MO	YTD	1 YR	3 YR	5 YR	10 YR	LIFE 10/30/18
GOAT (NAV)	3.27	5.77	5.77	51.29	--	--	--	19.46
GOAT (Share Price)	3.43	5.90	5.90	50.90	--	--	--	19.56
MSGWMFNU (Index)^**	3.32	5.71	5.71	50.94	--	--	--	19.66
Performance Differential (NAV - Index)	-0.05	0.06	0.06	0.35	--	--	--	-0.20

	1 MO	3 MO	YTD	1 YR	3 YR	5 YR	10 YR	LIFE 10/30/18
GOAT (NAV)	3.27	5.77	5.77	51.29	--	--	--	19.46
GOAT (Share Price)	3.43	5.90	5.90	50.90	--	--	--	19.56
MSGWMFNU (Index)^**	3.32	5.71	5.71	50.94	--	--	--	19.66
Performance Differential (NAV - Index)	-0.05	0.06	0.06	0.35	--	--	--	-0.20

*Returns less than one year are not annualized.
**Index inception date: 04/23/2018

The table presents past performance which is no guarantee of future results and which may be lower or higher than current performance. Returns reflect temporary contractual fee waivers and/or expense reimbursements. Had the ETF incurred all expenses and fees, investment returns would have been reduced. Investment returns and ETF share values will fluctuate so that investors' shares, when redeemed, may be worth more or less than their original cost. ETF returns assume that dividends and capital gains distributions have been reinvested in the Fund at NAV.

Top 10 Holdings (%) as of 03/31/21 Daily Holdings

Total Holdings: 68

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full data

	Holding Name	Ticker	Shares	Market Value (US$)	% of Net Assets
	GEA GROUP AG	G1A GR	7,875	323,715	2.20
	TORONTO-DOMINION BANK/THE	TD CN	4,849	316,206	2.15
	CORTEVA INC	CTVA US	6,698	312,261	2.13
	PHILIP MORRIS INTERNATIONAL INC	PM US	3,499	310,501	2.11
	ALPHABET INC	GOOGL US	150	309,378	2.11
	FACEBOOK INC	FB US	1,048	308,667	2.10
	MASCO CORP	MAS US	5,132	307,407	2.09
	NABTESCO CORP	6268 JP	6,700	307,204	2.09
	EMERSON ELECTRIC CO	EMR US	3,383	305,214	2.08
	ROYAL BANK OF CANADA	RY CN	3,273	301,740	2.05
Top 10 Total (%)					21.11

These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 03/31/21

Country
% of Net Assets
■
United States
60.60
■
China
7.12
■
Switzerland
6.03
■
United Kingdom
4.74
■
Australia
4.23
■
Canada
4.21
■
Germany
4.16
■
Japan
3.07
■
Sweden
1.85
■
Taiwan
1.00
■
Belgium
0.99
■
Denmark
0.94
■
France
0.92
■
Other/Cash
0.13

Sector Weightings (%) as of 03/31/21

Sector
% of Net Assets
■
Health Care
19.2
■
Financials
15.6
■
Industrials
15.4
■
Information Technology
15.2
■
Consumer Discretionary
10.0
■
Consumer Staples
9.9
■
Communication Services
8.6
■
Materials
4.0
■
Energy
1.0
■
Utilities
0.9
■
Other/Cash
0.1