MOATVanEck Morningstar Wide Moat ETF
MOAT Fund Description
MOAT tracks a staggered, equal-weighted index of 40 US companies that Morningstar determines to have the highest fair value among firms with a sustainable competitive advantage.
MOAT Factset Analytics Insight
MOAT holds a concentrated portfolio of stocks that are attractively priced and have sustainable competitive advantages (patents, high switching costs, etc.). Morningstar's equity research team determines the fund’s selection by assigning an economic rating and a fair value estimate to the companies in the Morningstar US Market Index. Despite its safe-sounding name, MOAT makes radical departures from market-like coverage. The fund favors single-name positions and may have significant sector biases. It 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. MOAT also caps turnover and sector exposure. This results in the fund holding more than 40 names at times.
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 Economic Development
MOAT Performance Statistics
MOAT Benchmark Comparison Summary
MOAT Benchmark Comparison Market Cap Size