MOATVanEck 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 05/26/23
-
30-Day SEC Yield1
0.92% -
Total Net Assets
$8.5B -
Number of Holdings
49 -
Options
Available -
Gross Expense Ratio2
0.46% -
Net Expense Ratio/TER2
0.46% -
Distribution Frequency
Annual -
Next Distribution Date
12/15/2023
Decade of Dominance: The ETF that Quietly Beats the S&P 500
Key Documents and Links
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
112,250,000 -
Estimated Cash
MOATEU -
Total Cash
MOATTC -
CUSIP
92189F643 -
ISIN
US92189F6438
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%
2 Expenses for MOAT are capped contractually at 0.49% until February 1, 2024. 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
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
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) | 0.98 | 2.73 | 14.78 | 9.38 | 15.74 | 13.71 | 13.53 | 14.04 |
MOAT (Share Price) | 1.04 | 2.76 | 14.93 | 9.44 | 15.77 | 13.71 | 13.53 | 14.05 |
MWMFTR (Index) | 1.01 | 2.86 | 14.98 | 9.96 | 16.35 | 14.27 | 14.10 | 14.61 |
Performance Differential (NAV - Index) | -0.03 | -0.13 | -0.20 | -0.58 | -0.61 | -0.56 | -0.57 | -0.57 |
S&P 500 Index | 1.56 | 2.72 | 9.17 | 2.66 | 14.52 | 11.45 | 12.20 | 12.79 |
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR |
LIFE 04/24/12 |
|
---|---|---|---|---|---|---|---|---|
MOAT (NAV) | 4.63 | 13.67 | 13.67 | 0.22 | 20.49 | 13.80 | 13.67 | 14.05 |
MOAT (Share Price) | 4.71 | 13.74 | 13.74 | 0.07 | 20.57 | 13.78 | 13.66 | 14.05 |
MWMFTR (Index) | 4.68 | 13.83 | 13.83 | 0.75 | 21.14 | 14.37 | 14.25 | 14.62 |
Performance Differential (NAV - Index) | -0.05 | -0.16 | -0.16 | -0.53 | -0.65 | -0.57 | -0.58 | -0.57 |
S&P 500 Index | 3.67 | 7.50 | 7.50 | -7.73 | 18.60 | 11.19 | 12.24 | 12.74 |
Top 10 Holdings (%) as of 04/30/23
Daily HoldingsHolding Name |
Ticker
|
Shares
|
Market Value (US$) |
% of Net Assets |
---|---|---|---|---|
Meta Platforms Inc |
META US
|
1,258,176
|
302,364,856 | 3.79 |
Salesforce.Com Inc |
CRM US
|
1,215,994
|
241,216,730 | 3.02 |
Microsoft Corp |
MSFT US
|
740,582
|
227,551,225 | 2.85 |
Medtronic Plc |
MDT US
|
2,404,331
|
218,673,904 | 2.74 |
Comcast Corp |
CMCSA US
|
5,259,632
|
217,590,976 | 2.73 |
Alphabet Inc |
GOOGL US
|
2,000,489
|
214,732,489 | 2.69 |
Amazon.Com Inc |
AMZN US
|
2,031,026
|
214,171,692 | 2.68 |
Tyler Technologies Inc |
TYL US
|
562,903
|
213,357,124 | 2.67 |
Transunion |
TRU US
|
3,041,378
|
209,277,220 | 2.62 |
Zimmer Biomet Holdings Inc |
ZBH US
|
1,498,983
|
207,519,207 | 2.60 |
Top 10 Total (%) | 28.41 |
Country Weightings (%)
as of 04/30/23
Country | % of Net Assets |
---|---|
● United States | 98.20 |
● Argentina | 1.70 |
● Other/Cash | 0.11 |
Sector Weightings (%)
as of 04/30/23
Sector | % of Net Assets |
---|---|
● Information Technology | 29.21 |
● Industrials | 15.53 |
● Health Care | 12.77 |
● Communication Services | 11.72 |
● Financials | 11.17 |
● Consumer Discretionary | 9.84 |
● Materials | 4.93 |
● Consumer Staples | 3.65 |
● Utilities | 1.08 |
● Other/Cash | 0.11 |