VanEck Vectors Morningstar World ex Australia Wide Moat ETF GOAT
Fund description: GOAT gives investors exposure to a diversified portfolio of attractively priced international 'wide moat' companies with sustainable competitive advantages for 20 years or more. GOAT aims to provide investment returns before fees and other costs which track the performance of the Index.
Index description: The Morningstar® Developed Markets ex-Australia Wide Moat Focus Index™ is a rules-based index intended to track the overall performance of attractively priced developed markets ex-Australia companies with sustainable competitive advantages according to Morningstar's equity research team.
Management style: Replication
Country of domicile: Australia
as at 26-Feb-21
-
Exchange
ASX -
ASX code
GOAT -
Bloomberg index code
MSDIWFNA -
Index provider
Morningstar -
NAV1
$20.74 -
Units outstanding1
500,000 -
Net assets1
$10.4M -
Number of holdings1
71 -
Inception date2
08-Sep-20 -
ASX commencement
10-Sep-20
2The date the ETF was seeded prior to quotation on ASX.
as at 26-Feb-21
-
Dividend frequency
1 each year -
Management costs p.a.
0.55% - Investment management team »
- GOAT Fact Sheet
- GOAT Index Rebalance
- Moat investing
Key points
Underlying Index
Morningstar® Developed Markets ex-Australia Wide Moat Focus Index™
The Index Composition
The Index contains at least 50 and up to 100 international companies with sustainable competitive advantages trading at attractive valuations according to Morningstar.
Companies eligible for inclusion in the Index
- Derived from Morningstar® Developed Markets ex-Australia Index™ (Parent Index)
- Assigned an Economic Moat™ rating of 'wide' by Morningstar's equity research team
- Assigned a fair value estimate by Morningstar's equity research team
Methodology highlights
Momentum screen: securities in the bottom 20% as ranked by 12-month price change at the time of review are excluded
Staggered reconstitution
Index is divided into two equally-weighted sub-portfolios, and each is reconstituted and rebalanced semi-annually on alternating quarters.
Each sub-portfolio will contain 50 equally-weighted securities at its semi-annual reconstitution and weights will vary with market prices until the next reconstitution date.
Each sub-portfolio is reweighted to 50% of the total index every six months.
Buffer rule
At each quarterly review, current index constituents ranked within the top 100 of the eligible universe based on current market price/fair value ratio are given preference for inclusion
From among the remaining eligible securities, those with the lowest current market price/fair value ratios are included in the index.
Sector/country cap: The greater of 40% or corresponding weight in Parent Index +10%
Index provider
Morningstar Australasia Pty Ltd. Morningstar is not a related body corporate of VanEck.
The Morningstar® Developed Markets ex-Australia Wide Moat Focus Index™ and the Morningstar® Developed Markets ex-Australia Index™ ('The Morningstar Indices') are created and maintained by Morningstar, Inc. Morningstar, Inc. does not sponsor, endorse, issue, sell, or promote GOAT and bears no liability with respect to GOAT or any security. Morningstar®, the Morningstar Indices and Morningstar Economic Moat™ are trademarks of Morningstar, Inc. and have been licensed for use by VanEck.
Index profile
-
Bloomberg index code
MSDIWFNA -
Base date
21-Dec-07 -
Rebalance frequency
Semi-annually, Staggered quarterly
Top ten index constituents (%) as at 31-Jan-21
Constituent name |
TIcker
|
Weightings (%) | |
---|---|---|---|
NABTESCO CORP |
6268 JP
|
2.48 | |
CORTEVA INC |
CTVA US
|
2.32 | |
POLARIS INDUSTRIES INC |
PII US
|
2.30 | |
JULIUS BAER GROUP LTD |
BAER VX
|
2.27 | |
ABB LTD-REG |
ABBN VX
|
2.18 | |
MICROSOFT CORP |
MSFT US
|
2.09 | |
CERNER CORP |
CERN US
|
2.09 | |
ZIMMER HOLDINGS INC |
ZMH US
|
2.08 | |
EMERSON ELECTRIC CO |
EMR US
|
2.06 | |
COMCAST CORP-CLASS A |
CMCSA US
|
2.06 | |
Top ten total (%) | 21.93 |
Index country weightings (%) as of 31-Jan-21
-
Country
Weightings (%) -
United States
66.5 -
Switzerland
9.5 -
United Kingdom
6.6 -
Japan
5.7 -
Canada
4.0 -
Germany
2.8 -
France
1.8 -
Sweden
1.1 -
Denmark
1.0 -
Ireland
1.0 -
Total
100.0
Index sector weightings (%) as at 31-Jan-21
-
Sector
Weightings (%) -
Health Care
24.2 -
Industrials
16.9 -
Consumer Staples
14.0 -
Information Technology
13.9 -
Financials
10.4 -
Consumer Discretionary
8.4 -
Communication Services
5.2 -
Materials
4.2 -
Utilities
1.8 -
Energy
1.0 -
Total
100.0