VanEck Morningstar Wide Moat ETF
ETF
MOAT
Price as of:
$94.12
+ $0.49
+ 0.52%
Primary Theme
fund company
Name
As of 01/17/2025Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
1.5%
1 yr return
14.8%
3 Yr Avg Return
8.8%
5 Yr Avg Return
12.2%
Net Assets
$16.3 B
Holdings in Top 10
26.3%
52 WEEK LOW AND HIGH
$93.6
$83.31
$98.73
Expenses
OPERATING FEES
Expense Ratio 0.47%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 47.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 01/17/2025Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
MOAT - Profile
Distributions
- YTD Total Return 1.5%
- 3 Yr Annualized Total Return 8.8%
- 5 Yr Annualized Total Return 12.2%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.40%
- Dividend Yield 1.3%
- Dividend Distribution Frequency Annual
Fund Details
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Legal NameVanEck Morningstar Wide Moat ETF
-
Fund Family NameVANECKFUND
-
Inception DateApr 24, 2012
-
Shares Outstanding97900000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerPeter Liao
Fund Description
The Fund normally invests at least 80% of its total assets in securities that comprise the Fund’s benchmark index. The Morningstar Wide Moat Focus Index is comprised of securities issued by companies that Morningstar, Inc. (“Morningstar” or the “Index provider”) determines to have sustainable competitive advantages based on a proprietary methodology that considers quantitative and qualitative factors (“wide moat companies”). Wide moat companies are selected from the universe of companies represented
in the Morningstar® US Market IndexSM, a broad market index representing 97% of U.S. market capitalization. The Morningstar Wide Moat Focus Index targets a select group of wide moat companies: those that according to Morningstar’s equity research team are attractively priced as of each Morningstar Wide Moat Focus Index review. Out of the companies in the Morningstar Wide Moat Focus Index that Morningstar determines are wide moat companies, Morningstar selects companies to be included in the Morningstar Wide Moat Focus Index as determined by the ratio of Morningstar’s estimate of fair value of the issuer’s common stock to the price. Morningstar’s equity research fair value estimates are calculated using a standardized, proprietary valuation model. Wide moat companies may include medium-capitalization companies. The Fund’s 80% investment policy is non-fundamental and may be changed without shareholder approval upon 60 days’ prior written notice to shareholders.
As of December 31, 2023, the Morningstar Wide Moat Focus Index included 49 securities of companies with a full market capitalization range of between approximately $9.71 billion and $2.79 billion and a weighted average full market capitalization of $154.18 billion. These amounts are subject to change.
The Fund, using a “passive” or indexing investment approach, attempts to approximate the investment performance of the Morningstar Wide Moat Focus Index by investing in a portfolio of securities that generally replicates the Morningstar Wide Moat Focus Index. Unlike many investment companies that try to “beat” the performance of a benchmark index, the Fund does not try to “beat” the Morningstar Wide Moat Focus Index and does not seek temporary defensive positions that are inconsistent with its investment objective of seeking to replicate the Morningstar Wide Moat Focus Index.
The Fund may become "non-diversified" as defined under the Investment Company Act of 1940, as amended (the “Investment Company Act of 1940”), solely as a result of a change in relative market capitalization or index weighting of one or more constituents of the Morningstar Wide Moat Focus Index. This means that the Fund may invest a greater percentage of its assets in a limited number of issuers than would be the case if the Fund were always managed as a diversified management investment company. The Fund intends to be diversified in approximately the same proportion as the Morningstar Wide Moat Focus Index. Shareholder approval will not be sought when the Fund crosses from diversified to non-diversified status due solely to a change in the relative market capitalization or index weighting of one or more constituents of the Morningstar Wide Moat Focus Index.
The Fund may concentrate its investments in a particular industry or group of industries to the extent that the Morningstar Wide Moat Focus Index concentrates in an industry or group of industries. As of September 30, 2023, each of the information technology, industrials, health care and financials sectors represented a significant portion of the Fund.
MOAT - Performance
Return Ranking - Trailing
| Period | MOAT Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.5% | 0.0% | 6.3% | 91.60% |
| 1 Yr | 14.8% | 4.0% | 47.9% | 90.42% |
| 3 Yr | 8.8%* | -11.0% | 17.8% | 68.82% |
| 5 Yr | 12.2%* | -8.8% | 107.9% | 59.24% |
| 10 Yr | 13.9%* | -0.3% | 53.1% | 3.46% |
* Annualized
Return Ranking - Calendar
| Period | MOAT Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2024 | 9.3% | -54.2% | 37.0% | 68.72% |
| 2023 | 30.8% | -51.6% | 47.4% | 1.67% |
| 2022 | -14.7% | -56.3% | -4.2% | 9.56% |
| 2021 | 22.8% | -27.2% | 537.8% | 24.38% |
| 2020 | 13.2% | -22.5% | 2181.7% | 39.73% |
Total Return Ranking - Trailing
| Period | MOAT Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.5% | 0.0% | 6.3% | 91.60% |
| 1 Yr | 14.8% | 4.0% | 47.9% | 90.42% |
| 3 Yr | 8.8%* | -11.0% | 17.8% | 68.82% |
| 5 Yr | 12.2%* | -8.8% | 107.9% | 59.24% |
| 10 Yr | 13.9%* | -0.3% | 53.1% | 3.46% |
* Annualized
Total Return Ranking - Calendar
| Period | MOAT Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2024 | 10.7% | 1.0% | 44.5% | 93.68% |
| 2023 | 31.9% | -20.1% | 47.4% | 4.17% |
| 2022 | -13.6% | -36.8% | 29.1% | 19.46% |
| 2021 | 24.1% | 3.0% | 537.8% | 78.77% |
| 2020 | 14.8% | -15.8% | 2266.0% | 63.10% |
MOAT - Holdings
Concentration Analysis
| MOAT | Category Low | Category High | MOAT % Rank | |
|---|---|---|---|---|
| Net Assets | 16.3 B | 2.34 M | 1.84 T | 12.46% |
| Number of Holdings | 55 | 2 | 3963 | 73.34% |
| Net Assets in Top 10 | 4.25 B | 880 K | 525 B | 16.94% |
| Weighting of Top 10 | 26.32% | 0.3% | 111.6% | 92.41% |
Top 10 Holdings
- TransUnion 2.82%
- Gilead Sciences Inc 2.69%
- Bristol-Myers Squibb Co 2.64%
- Autodesk Inc 2.63%
- MarketAxess Holdings Inc 2.62%
- Kenvue Inc 2.62%
- Allegion plc 2.60%
- Bio-Rad Laboratories Inc 2.58%
- Salesforce Inc 2.57%
- Brown-Forman Corp 2.56%
Asset Allocation
| Weighting | Return Low | Return High | MOAT % Rank | |
|---|---|---|---|---|
| Stocks | 99.93% | 0.00% | 105.79% | 5.90% |
| Cash | 0.07% | 0.00% | 99.07% | 89.37% |
| Preferred Stocks | 0.00% | 0.00% | 2.15% | 25.25% |
| Other | 0.00% | -13.91% | 100.00% | 48.50% |
| Convertible Bonds | 0.00% | 0.00% | 5.54% | 21.08% |
| Bonds | 0.00% | 0.00% | 93.97% | 27.49% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | MOAT % Rank | |
|---|---|---|---|---|
| Technology | 22.48% | 0.00% | 48.94% | 64.04% |
| Healthcare | 17.36% | 0.00% | 52.29% | 15.14% |
| Consumer Defense | 14.91% | 0.00% | 47.71% | 2.37% |
| Industrials | 12.31% | 0.00% | 29.90% | 15.99% |
| Financial Services | 9.11% | 0.00% | 55.59% | 94.84% |
| Consumer Cyclical | 7.29% | 0.00% | 30.33% | 85.45% |
| Communication Services | 6.46% | 0.00% | 27.94% | 75.21% |
| Basic Materials | 5.28% | 0.00% | 25.70% | 10.32% |
| Energy | 1.88% | 0.00% | 41.64% | 76.73% |
| Utilities | 1.53% | 0.00% | 20.91% | 73.69% |
| Real Estate | 1.39% | 0.00% | 31.91% | 78.60% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | MOAT % Rank | |
|---|---|---|---|---|
| US | 99.93% | 0.00% | 105.79% | 5.40% |
| Non US | 0.00% | 0.00% | 63.83% | 36.13% |
MOAT - Expenses
Operational Fees
| MOAT Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.47% | 0.01% | 19.75% | 75.25% |
| Management Fee | 0.45% | 0.00% | 1.90% | 41.65% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 0.85% | N/A |
Sales Fees
| MOAT Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| MOAT Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.25% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| MOAT Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 47.00% | 0.00% | 268.00% | 75.02% |
MOAT - Distributions
Dividend Yield Analysis
| MOAT | Category Low | Category High | MOAT % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.35% | 0.00% | 25.47% | 67.86% |
Dividend Distribution Analysis
| MOAT | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Monthly | Quarterly |
Net Income Ratio Analysis
| MOAT | Category Low | Category High | MOAT % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.40% | -54.00% | 2.44% | 8.06% |
Capital Gain Distribution Analysis
| MOAT | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 23, 2024 | $1.268 | OrdinaryDividend |
| Dec 18, 2023 | $0.729 | OrdinaryDividend |
| Dec 19, 2022 | $0.812 | OrdinaryDividend |
| Dec 20, 2021 | $0.823 | OrdinaryDividend |
| Dec 21, 2020 | $0.902 | OrdinaryDividend |
| Dec 23, 2019 | $0.717 | OrdinaryDividend |
| Dec 20, 2018 | $0.738 | OrdinaryDividend |
| Dec 18, 2017 | $0.456 | OrdinaryDividend |
| Dec 19, 2016 | $0.408 | OrdinaryDividend |
| Dec 21, 2015 | $0.617 | OrdinaryDividend |
| Dec 22, 2014 | $0.416 | OrdinaryDividend |
| Dec 23, 2013 | $0.229 | OrdinaryDividend |
| Dec 24, 2012 | $0.136 | OrdinaryDividend |
MOAT - Fund Manager Analysis
Managers
Peter Liao
Start Date
Tenure
Tenure Rank
Apr 24, 2012
10.11
10.1%
Mr. Liao has been employed by Van Eck Associates Corporation as an analyst since the summer of 2004 and has been a portfolio manager since 2006. Mr. Liao graduated from New York University in 2004 with a Bachelor of Arts in Economics and Mathematics. He is a CFA charterholder.
Guo Hua (Jason) Jin
Start Date
Tenure
Tenure Rank
Feb 01, 2018
4.33
4.3%
Guo Hua (Jason) Jin has been employed by Van Eck Associates Corporation as an analyst since January 2007 and has been a portfolio manager since 2018. Mr. Jin graduated from the State University of New York at Buffalo in 2004 with a Bachelor of Science degree in Business Administration with a concentration in Financial Analysis.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 39.02 | 7.29 | 2.42 |