MOATVanEck Vectors Morningstar Wide Moat ETF
MOAT Fund Description
The VanEck Vectors Morningstar Wide Moat ETF tracks a staggered, equal-weighted index of 40 companies that Morningstar determines to have the highest fair value among firms with a sustainable competitive advantage.
MOAT Factset Analytics Insight
Despite its safe-sounding name, MOAT makes radical departures from market-like coverage. It holds a small portfolio of stocks identified by Morningstar's equity research team as attractively priced with sustainable competitive advantages (patents, high switching costs, etc.). MOAT favors single-name positions and significant sector biases. Investors need faith in the thesis or in the Morningstar brand.
MOAT follows an equal-weighted index with a staggered rebalance: half the portfolio is reconstituted with equal weights every six months, and the other half follows three months later. It also caps turnover and sector exposure. This results in the fund holding more than 40 names at times. MOAT trades well for investors great and small, with strong block liquidity and small spreads on the secondary market. It isn't cheap in the context of its segment, and tracking is looser than we'd like to see, but its holding costs compare well with WMW, which tracks the same index.
MOAT MSCI ESG Analytics Insight
The MSCI ESG Fund Quality Score measures the ability of ETF underlying holdings to manage key medium to long-term risks and opportunities arising from environmental, social, and governance factors, as determined by MSCI ESG Research LLC. As of June 20, 2018 the VanEck Vectors Morningstar Wide Moat ETF MSCI ESG Fund Quality Score is 4.72 out of 10.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. MOAT ranks in the 17th percentile within its peer group and in the 23th percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.
MOAT CHARTS AND PERFORMANCE
MOAT Top 10 Countries
MOAT Top 10 Sectors
MOAT Top 10 Holdings [View All]
MOAT Summary Data
MOAT Portfolio Data
MOAT Index Data
MOAT Portfolio Management
MOAT Tax Exposures
MOAT Fund Structure
MOAT Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of MOAT. MOAT is rated a 5 out of 5.
MOAT Sector/Industry Breakdown
MOAT TOP 10 HOLDINGS[View All]
MOAT Economic Development
MOAT Performance Statistics
MOAT MSCI ESG Ratings
MOAT BENCHMARK COMPARISON SUMMARY
MOAT BENCHMARK COMPARISON MARKET CAP SIZE