VanEck Blog & Insights

VanEck Vectors Morningstar Wide Moat ETF MOAT

Fund description: The VanEck Vectors Morningstar Wide Moat ETF seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Morningstar® Wide Moat Focus IndexTM (MWMFTR). The index is intended to track the overall performance of attractively priced companies with sustainable competitive advantages according to Morningstar's equity research team.

Index description: MWMFTR is a rules-based, equal-weighted index intended to offer exposure to attractively priced companies with sustainable competitive advantages according to Morningstar's equity research team.

Management style: Replication

  as at 21-Feb-19

  • Exchange

    ASX
  • ASX code

    MOAT
  • Bloomberg index code

    MWMFTR
  • Index provider

    Morningstar
  • NAV1

    $65.65
  • Shares outstanding1

    42,700,000
  • Net assets1

    $2.8B
  • Number of holdings

    49
  • NYSE commencement

    24-Apr-12
  • ASX commencement

    26-Jun-15

1Calculated daily after the NYSE has closed for that day. The NAV is calculated based on the US dollar and then converted to Australian dollars based on the relevant London WM Reuters 4pm exchange rate. This information is generally not updated until around 9am next business day. 

 

as at 21-Feb-19

Fundamentals as at 31-Jan-19

  • Weighted avg. market cap (US$)

    $107.0B
  • Price/earnings ratio
    (last 12 months)*

    19.2
  • Price/book ratio
    (last 12 months)*

    3.1
*A weighted harmonic average is used to calculate this metric. Price/Book Ratio is the price of a security divided by the book value per share of the security. Price/Earnings Ratio is the price of a security divided by the last twelve months earnings per share of the security.

Market capitalisation (%)
as at 31-Jan-19

  • Capitalisation ranges

    Weightings (%)
  • Large (>$5.0B)

    95.24
  • Mid ($1.0 - $5.0B)

    4.78
  • Small (<$1.0B)

    0.00
This breakdown represents what percentage of the Fund's assets represent large/mid/small-sized companies. The market capitalisation of an individual, publicly traded company is calculated by multiplying the company's security price by the total number of its shares outstanding.

3-year risk measures
as at 31-Jan-19

  • Beta vs. MSCI World ex
    Australia

    1.04
  • Correlation vs. MSCI World
    ex Australia

    0.89
  • Volatility (standard deviation)

    12.82
  • Sharpe ratio

    1.43

Source: VanEck, FactSet.

Calculations based on US$ returns.

Beta is a measure of sensitivity to market movements. Correlation measures the extent of linear association between the Fund performance and the index performance. Volatility is the annualised standard deviation of the Fund's monthly returns. Sharpe ratio measures risk-adjusted return, and represents the Fund's return less the risk free rate divided by the standard deviation.

Country weightings (%) as at 31-Jan-19

  • Country

    Weightings (%)
  • UNITED STATES

    100.0
  • Other/Cash

    0.0
  • Total

    100.0

Portfolio composition (%)
as at 21-Feb-19

  • Asset classes

    % of Fund net assets
  • Stocks

    100.17
  • Bonds

    0.00
  • Other

    0.00
  • Cash

    -0.17
  • Total

    100.00

Sector weightings (%) as at 31-Jan-19

  • Sector

    Weightings (%)
  • Health Care

    21.3
  • Information Technology

    20.8
  • Consumer Staples

    15.3
  • Financials

    12.1
  • Communication Services

    8.9
  • Consumer Discretionary

    7.9
  • Industrials

    6.3
  • Real Estate

    2.6
  • Utilities

    2.5
  • Materials

    2.3
  • Other/Cash

    0.0
  • Total

    100.0