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MOAT
VanEck Morningstar Wide Moat ETF

Fund Description

VanEck 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
  • Inception Date

    04/24/2012
  • ETF Structure

    Physical
  • Administrator

    Van Eck Associates
  • Index Ticker

    MWMFTR
  • Index Reconstitution

    Semi-Annually, Staggered quarterly

  as of 12/08/22

  • 30-Day SEC Yield1

    0.87%
  • Total Net Assets

    $6.6B
  • Number of Holdings

    48
  • Options

    Available
  • Gross Expense Ratio2

    0.46%
  • Net Expense Ratio/TER2

    0.46%
  • Distribution Frequency

    Annual
  • Next Distribution Date

    12/16/2022

Fund Highlights

  • Wide Moat Companies
    A focus on U.S. 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

    MOAT
  • Index Total Return Ticker

    MWMFTR
  • NAV

    MOATNV
  • Intraday NAV (IIV)4

    MOATIV
  • Shares Outstanding

    97,100,000
  • Estimated Cash

    MOATEU
  • Total Cash

    MOATTC
  • CUSIP

    92189F643
  • ISIN

    US92189F6438
Source: Bloomberg

Fees and Expenses2

  • Management Fee

    0.45%
  • Other Expenses

    0.01%
  • Gross Expense Ratio

    0.46%
  • Fee Waivers and
    Expense Reimbursement

    --
  • Net Expense Ratio/TER2

    0.46%

2Expenses for MOAT are capped contractually at 0.49% until February 1, 2023. Cap excludes acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses.

Morningstar™ Ratings3 as of 10/31/2022

Category Overall 3 Year 5 Year
Large Blend

Morningstar Ratings: When applicable, ratings shown when the ETF is rated three stars or more for any given period. For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics.

© Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Investment Professionals

  • 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
  • Analyst for Equity ETFs
  • Joined VanEck in 2018
  • Prior to joining VanEck, ETF Basket Operations Analyst at JPMorgan
  • BS, Finance, Providence College
  • 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 12/08/22

NAV/
Market
Price
Volume
30-Day Avg./
Last Trading Day
Daily Change
NAV/
Last Price
YTD Change NAV/
Last Price
Premium/
Discount
30-Day
Median
Bid Ask
Spread
NAV
Chart
MOAT $67.68
$67.68
431,074
264,512
$0.87 / +1.30%
$0.84 / +1.26%
-11.03%
-11.08%
$0.00
-0.01%
0.03%

Premium/Discount History as of 12/08/22

Calendar Year 2021 4Q 2021 1Q 2022 2Q 2022 3Q 2022 Premium/Discount Charts NAV & Prem/Discount History
MOAT Days closed at a premium 209 58 42 34 32
Days closed at NAV 8 2 7 8 14
Days closed at a discount 35 4 13 20 18

Performance History: Average Annual Total Returns* (%)

  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
04/24/12
MOAT (NAV) 8.73 4.50 -8.50 -4.14 9.96 12.02 13.69 13.75
MOAT (Share Price) 8.75 4.50 -8.55 -4.17 9.93 12.01 13.69 13.75
MWMFTR (Index) 8.77 4.64 -8.05 -3.59 10.48 12.57 14.26 14.32
Performance Differential (NAV - Index) -0.04 -0.14 -0.45 -0.55 -0.52 -0.55 -0.57 -0.57
S&P 500 Index 5.59 3.63 -13.10 -9.21 10.91 10.98 13.34 13.02
  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
04/24/12
MOAT (NAV) -9.96 -5.97 -21.16 -17.27 7.52 9.72 12.19 12.37
MOAT (Share Price) -9.92 -5.87 -21.18 -17.22 7.52 9.72 12.18 12.37
MWMFTR (Index) -9.90 -5.83 -20.82 -16.78 8.05 10.26 12.76 12.93
Performance Differential (NAV - Index) -0.06 -0.14 -0.34 -0.49 -0.53 -0.54 -0.57 -0.56
S&P 500 Index -9.21 -4.88 -23.87 -15.47 8.16 9.24 11.70 11.82

Top 10 Holdings (%) as of 11/30/22

Daily Holdings
Total Holdings: 48
Holding Name
Ticker
Shares
Market Value
(US$)
% of Net
Assets
Etsy Inc
ETSY US
1,790,437
236,498,823 3.50
Biogen Inc
BIIB US
774,649
236,399,635 3.50
Gilead Sciences Inc
GILD US
2,540,169
223,103,043 3.30
Mercadolibre Inc
MELI US
208,722
194,317,051 2.87
Boeing Co/The
BA US
1,070,663
191,520,197 2.83
Emerson Electric Co
EMR US
1,957,273
187,448,035 2.77
Wells Fargo & Co
WFC US
3,809,316
182,656,702 2.70
Blackrock Inc
BLK US
250,216
179,154,656 2.65
Zimmer Biomet Holdings Inc
ZBH US
1,472,384
176,833,318 2.61
Lam Research Corp
LRCX US
369,212
174,408,365 2.58
Top 10 Total (%) 29.31
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These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%)
as of 11/30/22

Country % of Net Assets
United States 97.17
Argentina 2.87
Other/Cash -0.04

Sector Weightings (%)
as of 11/30/22

Sector % of Net Assets
Information Technology 31.08
Industrials 18.99
Health Care 14.00
Financials 12.31
Consumer Discretionary 10.79
Communication Services 8.37
Materials 3.27
Consumer Staples 1.22
Other/Cash -0.04

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