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VanEck Morningstar Wide Moat ETF MOAT

Fund description: MOAT gives investors exposure to a diversified portfolio of attractively priced US companies with sustainable competitive advantages according to Morningstar’s equity research team. MOAT aims to provide investment returns before fees and other costs which track the performance of the Index.

Index description: The Morningstar® Wide Moat Focus NR AUD Index™ 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

Country of domicile: Australia

  as at 12-Aug-22

  • Exchange

    ASX

  • ASX code

    MOAT

  • Bloomberg index code

    MWMFNAUD

  • Index provider

    Morningstar

  • NAV1

    $103.98

  • Units outstanding1

    4,431,738

  • Net assets1

    $460.8M

  • Number of holdings1

    50

  • ASX commencement2

    26-Jun-15

1As of the close of the previous trading day.

2From 26-Jun-15 to 7-Oct-19 the fund was offered via a Chess Depositary Interest.

as at 12-Aug-22

1Other fees and costs apply. Please see the PDS for more details.

The NAV is generally calculated daily after all markets are closed for that day based on the closing price of the securities on the relevant foreign stock exchange. The NAV is then converted to AUD based on the relevant London WM Reuters 4pm exchange rate. This means, due to Australia’s time zone, that the NAV will generally not be updated until around 1pm next business day.

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Key benefits

High conviction Wide Moat US equity strategy
A focus on quality U.S. companies Morningstar believes possess sustainable competitive advantages, or "wide economic moats™ "

Attractive Valuations  
Targets companies trading at attractive prices relative to Morningstar's estimate of fair value

Morningstar's Core Equity Research
Fuelled by Morningstar's rigorous equity research process

Trading information

  • ASX code

    MOAT

  • IRESS code

    MOAT.AXW

  • Units outstanding

    4,431,738

  • ISIN

    AU00000MOAT4

Fees and other costs  

  • Management costs p.a.

    0.49%

1Other fees and costs apply. Please see the PDS for more details.

Key risks

An investment in the ETF carries risks associated with: ASX trading time differences, financial markets generally, individual company management, industry sectors, foreign currency, country or sector concentration, political, regulatory and tax risks, fund operations and tracking an index. See the PDS for details.

Prices as at  12-Aug-22

NAV/
Last trade		 Volume:
30-day avg/
Previous day		 Daily change: NAV/
Last trade		 YTD change:
NAV/
Last trade		 Premium/
Discount		 Premium/
Discount
Distribution charts		 NAV &
Premium /Discount
History		 NAV
Chart
MOAT $103.98
$102.00		 6,572
9,287		 $2.25 / +2.21%
$-0.95 / -0.92%		 -0.63%
-2.12%
 $-1.98
-1.91%

Performance history (%) View all ETFs » View all indices »

1 Mth 3 Mths 6 Mths 1 Yr 3 Yrs p.a. 5 Yrs p.a. 10 Yrs p.a. ETF Inception p.a.
Price return 8.22 3.36 -4.85 -2.25 11.81 14.99 -- 13.56
Income return 0.00 0.00 0.00 0.93 1.24 1.41 -- 1.52
Total return 8.22 3.36 -4.85 -1.32 13.05 16.40 -- 15.08
Index (MWMFNAUD) 8.28 3.39 -4.79 -1.07 13.20 16.73 20.03 15.50
S&P 500 7.89 1.38 -7.24 -0.10 12.29 15.26 17.87 12.87
1 Mth 3 Mths 6 Mths 1 Yr 3 Yrs p.a. 5 Yrs p.a. 10 Yrs p.a. ETF Inception p.a.
Price return -3.53 -6.63 -11.35 -5.95 10.62 12.48 -- 12.46
Income return 0.00 0.00 0.00 0.89 1.22 1.38 -- 1.52
Total return -3.53 -6.63 -11.35 -5.06 11.84 13.86 -- 13.98
Index (MWMFNAUD) -3.56 -6.63 -11.34 -4.84 11.99 14.18 18.75 14.40
S&P 500 -4.68 -8.83 -16.11 -3.21 10.66 13.07 16.82 11.82
The tables above show past performance of the ETF from 26 June 2015. Past performance is not a guarantee of future results. Performance information for the Fund reflects temporary waivers of expenses and/or fees. Had the Fund incurred all expenses, investment returns would have been reduced. Investment return and value of the shares of the Fund will fluctuate so that an investor's shares, when sold, may be worth more or less than their original cost. Effective 20 June 2016, Morningstar implemented several changes to the Morningstar Wide Moat Focus Index construction rules. Among other changes, the index increased its constituent count from 20 stocks to at least 40 stocks and modified its rebalance and reconstitution methodology. These changes may result in more diversified exposure, lower turnover, and longer holding periods for index constituents than under the rules in effect prior to 20 June 2016. Performance may be lower or higher than performance data quoted. Fund returns reflect dividends and capital gains distributions. Performance current to the most recent month end is available at vaneck.com.au.
The S&P 500 is shown for comparison purposes as it is the widely recognised benchmark used to measure the performance of the broad US equities market. It includes the 500 largest US listed companies, weighted by market capitalisation. MOAT’s index measures the performance of 40 to 80 US companies with a Morningstar Economic Moat Rating™ of “Wide”. MOAT’s index has fewer securities and different industry allocations than the S&P 500. Click here for more details.
MOAT invests directly in the underlying securities that comprise the index. MOAT acted as a ‘feeder fund’ from 9th October 2019 – 6 July 2022 giving investors access to a fund domiciled in the United States. From 26 June 2015 – 8th October 2019, the fund operated as a CDI.

Top ten holdings (%) View all daily holdings » as at 31-Jul-22

No. of holdings: 50
Security name
Ticker
 No. of securities held Market value % of Fund net
assets
VEEVA SYSTEMS INC
VEEV US
 41,135 13,179,938 2.98
KELLOGG CO
K US
 123,921 13,127,311 2.97
POLARIS INC
PII US
 73,126 12,290,363 2.78
BIOGEN INC
BIIB US
 37,895 11,679,129 2.64
TYLER TECHNOLOGIES INC
TYL US
 20,070 11,475,964 2.59
ECOLAB INC
ECL US
 48,320 11,437,392 2.59
MICROSOFT CORP
MSFT US
 28,096 11,303,624 2.56
GILEAD SCIENCES INC
GILD US
 131,460 11,256,424 2.54
BOEING CO/THE
BA US
 49,164 11,224,297 2.54
MASCO CORP
MAS US
 141,269 11,211,630 2.53
Top ten total (%) 26.72

These are not recommendations to buy or to sell any security.

Country weightings (%) as at 31-Jul-22

  • Country

    Weightings (%)

  • United States

    97.9

  • Argentina

    2.1

  • Other/Cash

    0.0

  • Total

    100.0

Sector weightings (%) as at 31-Jul-22

  • Sector

    Weightings (%)

  • Information Technology

    29.1

  • Industrials

    16.5

  • Health Care

    14.4

  • Financials

    11.1

  • Consumer Discretionary

    9.9

  • Consumer Staples

    7.4

  • Communication Services

    6.7

  • Materials

    3.5

  • n/a

    1.5

  • Other/Cash

    0.0

  • Total

    100.1