Key stats
About VanEck Morningstar Wide Moat ETF
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Inception date
Apr 25, 2012
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Van Eck Associates Corp.
Distributor
Van Eck Securities Corp.
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 funds 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 rebalancehalf 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.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Health Technology
Consumer Non-Durables
Electronic Technology
Technology Services
Stocks99.91%
Health Technology20.49%
Consumer Non-Durables17.97%
Electronic Technology17.73%
Technology Services16.79%
Finance6.43%
Producer Manufacturing5.01%
Commercial Services3.86%
Process Industries2.96%
Consumer Durables2.76%
Consumer Services2.65%
Transportation2.02%
Retail Trade1.24%
Bonds, Cash & Other0.09%
Cash0.09%
Stock breakdown by region
North America94.73%
Europe5.27%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history