VanEck Morningstar Wide Moat ETF (MOAT)
About VanEck Morningstar Wide Moat ETF (MOAT)
The Fund normally invests at least 80 percent of its total assets in securities that comprise the Funds benchmark index. The Morningstar Wide Moat Focus Index is comprised of securities issued by companies that Morningstar, Inc. (Morningstar or the Index provider) determines to have sustainable competitive advantages based on a proprietary methodology that considers quantitative and qualitative factors (wide moat companies). Wide moat companies are selected from the universe of companies represented in the Morningstar US Market Index, a broad market index representing 97 percent of U.S. market capitalization. The Morningstar Wide Moat Focus Index targets a select group of wide moat companies: those that according to Morningstars equity research team are attractively priced as of each Morningstar Wide Moat Focus Index review. Out of the companies in the Morningstar Wide Moat Focus Index that Morningstar determines are wide moat companies, Morningstar selects companies to be included in the Morningstar Wide Moat Focus Index as determined by the ratio of Morningstars estimate of fair value of the issuers common stock to the price. Morningstars equity research fair value estimates are calculated using a standardized, proprietary valuation model. Wide moat companies may include medium-capitalization companies. The Funds 80 percent investment policy is non-fundamental and may be changed without shareholder approval upon 60 days prior written notice to shareholders.
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VanEck Morningstar Wide Moat ETF News
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Exchange Traded Funds (ETFs): Investors should carefully consider the information contained in the prospectus, which contains the Fund’s investment objectives, risks, charges, expenses, and other relevant information. You may obtain a prospectus from the Fund company’s website. Please read the prospectus carefully prior to investing.
Shares of ETFs must be bought and sold at market price, which can vary significantly from the Fund’s net asset value (NAV). Investment returns are subject to market volatility and shares may be worth more or less their original value when redeemed. The diversification of an ETF will not protect against loss. An ETF may not achieve its stated investment objective. Rebalancing and other activities within the fund may be subject to tax consequences.
Performance data quoted represents past performance. Past performance does not guarantee future results. Investment returns and principal value of an investment will fluctuate and when redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the standardized performance data quoted. Select the Standardized Performance link for the latest quarterly performance.