VANECK MORNINGSTAR WIDE MOAT
MOATInvestment objective: VanEck Morningstar Wide Moat ETF (the Fund) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Morningstar Wide Moat Focus Index SM (the Morningstar Wide Moat Focus Index or the Index).
Principal investment strategies: The Fund normally invests at least 80% of its total assets in securities that comprise the Funds benchmark index. For purposes of this policy, the term assets means net assets plus the amount of any borrowings for investment purposes. 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 SM , a broad market index representing 97% 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% investment policy is non-fundamental and may be changed without shareholder approval upon 60 days prior written notice to shareholders. As of December 31, 2025, the Wide Moat Focus Index included 54 securities of companies with a full market capitalization range of between approximately $6.74 billion and $4.55 trillion and a weighted average full market capitalization of $265.72 billion. These amounts are subject to change. The Fund, using a passive or indexing investment approach, attempts to approximate the investment performance of the Morningstar Wide Moat Focus Index by investing in a portfolio of securities that generally replicates the Morningstar Wide Moat Focus Index. Unlike many investment companies that try to beat the performance of a benchmark index, the Fund does not try to beat the Morningstar Wide Moat Focus Index and does not seek temporary defensive positions that are inconsistent with its investment objective of seeking to replicate the Morningstar Wide Moat Focus Index. The Fund may become "non-diversified" as defined under the Investment Company Act of 1940, as amended (the Investment Company Act of 1940), solely as a result of a change in relative market capitalization or index weighting of one or more constituents of the Morningstar Wide Moat Focus Index. This means that the Fund may invest a greater percentage of its assets in a limited number of issuers than would be the case if the Fund were always managed as a diversified management investment company. The Fund intends to be diversified in approximately the same proportion as the Morningstar Wide Moat Focus Index. Shareholder approval will not be sought when the Fund crosses from diversified to non-diversified status due solely to a change in the relative market capitalization or index weighting of one or more constituents of the Morningstar Wide Moat Focus Index. The Fund may concentrate its investments in a particular industry or group of industries to the extent that the Morningstar Wide Moat Focus Index concentrates in an industry or group of industries. As of September 30, 2025, each of the information technology, industrials, health care and consumer staples sectors represented a significant portion of the Fund. Continue reading...
Top 25 holdings · as of Sep 30, 2022
49 positions reported · net assets $5.9B · filed Nov 28, 2022
| # | Holding | Shares / principal | Value | % of net assets |
|---|---|---|---|---|
| 1 | Biogen Inc CUSIP 09062X103 | 777.9K sh | $207.7M | 3.54% |
| 2 | Etsy Inc CUSIP 29786A106 | 1.8M sh | $180.4M | 3.08% |
| 3 | MercadoLibre Inc CUSIP 58733R102 | 210.1K sh | $173.9M | 2.96% |
| 4 | Tyler Technologies Inc CUSIP 902252105 | 460.3K sh | $160.0M | 2.73% |
| 5 | Gilead Sciences Inc CUSIP 375558103 | 2.6M sh | $157.4M | 2.68% |
| 6 | Workday Inc CUSIP 98138H101 | 1.0M sh | $156.7M | 2.67% |
| 7 | Zimmer Biomet Holdings Inc CUSIP 98956P102 | 1.5M sh | $154.6M | 2.64% |
| 8 | Wells Fargo & Co CUSIP 949746101 | 3.8M sh | $153.8M | 2.62% |
| 9 | Amazon.com Inc CUSIP 023135106 | 1.3M sh | $151.3M | 2.58% |
| 10 | Masco Corp CUSIP 574599106 | 3.2M sh | $148.3M | 2.53% |
| 11 | Veeva Systems Inc CUSIP 922475108 | 889.7K sh | $146.7M | 2.5% |
| 12 | Equifax Inc CUSIP 294429105 | 853.9K sh | $146.4M | 2.5% |
| 13 | Medtronic PLC | 1.8M sh | $145.6M | 2.48% |
| 14 | Microsoft Corp CUSIP 594918104 | 622.1K sh | $144.9M | 2.47% |
| 15 | Salesforce Inc CUSIP 79466L302 | 1.0M sh | $144.2M | 2.46% |
| 16 | Walt Disney Co/The CUSIP 254687106 | 1.5M sh | $144.1M | 2.46% |
| 17 | Emerson Electric Co CUSIP 291011104 | 2.0M sh | $143.9M | 2.45% |
| 18 | Polaris Inc CUSIP 731068102 | 1.5M sh | $143.5M | 2.45% |
| 19 | Ecolab Inc CUSIP 278865100 | 974.7K sh | $140.8M | 2.4% |
| 20 | Western Union Co/The CUSIP 959802109 | 10.4M sh | $140.7M | 2.4% |
| 21 | Guidewire Software Inc CUSIP 40171V100 | 2.3M sh | $139.9M | 2.38% |
| 22 | Alphabet Inc CUSIP 02079K305 | 1.4M sh | $138.6M | 2.36% |
| 23 | 3M Co CUSIP 88579Y101 | 1.3M sh | $138.3M | 2.36% |
| 24 | BlackRock Inc CUSIP 09247X101 | 251.2K sh | $138.3M | 2.36% |
| 25 | Teradyne Inc CUSIP 880770102 | 1.8M sh | $136.0M | 2.32% |
As reported by the fund on Form N-PORT for the period ended Sep 30, 2022. View the filing on SEC.gov
Holdings reports by period
| As of | Positions | Net assets |
|---|---|---|
| Jun 30, 2026 | 56 | $11.6B |
| Mar 31, 2026 | 58 | $11.6B |
| Dec 31, 2025 | 55 | $12.9B |
| Sep 30, 2025 | 53 | $12.7B |
| Jun 30, 2025 | 54 | $12.7B |
| Mar 31, 2025 | 52 | $13.5B |
| Dec 31, 2024 | 51 | $15.2B |
| Sep 30, 2024 | 55 | $16.2B |
| Jun 30, 2024 | 55 | $14.3B |
| Mar 31, 2024 | 54 | $15.1B |
| Dec 31, 2023 | 49 | $13.3B |
| Sep 30, 2023 | 50 | $10.6B |
| Jun 30, 2023 | 53 | $9.7B |
| Mar 31, 2023 | 49 | $7.6B |
| Dec 31, 2022 | 49 | $6.3B |
| Sep 30, 2022 | 49 | $5.9B |
| Jun 30, 2022 | 51 | $6.3B |
| Mar 31, 2022 | 52 | $7.2B |
| Dec 31, 2021 | 46 | $7.2B |
| Sep 30, 2021 | 50 | $6.6B |
As reported on Form N-PORT. Create a free account to see 8 earlier reports.