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 Mar 31, 2024
54 positions reported · net assets $15.1B · filed May 28, 2024
| # | Holding | Shares / principal | Value | % of net assets |
|---|---|---|---|---|
| 1 | Corteva Inc CUSIP 22052L104 | 7.2M sh | $413.1M | 2.73% |
| 2 | Alphabet Inc CUSIP 02079K305 | 2.7M sh | $405.7M | 2.68% |
| 3 | Allegion plc | 3.0M sh | $404.5M | 2.67% |
| 4 | Veeva Systems Inc CUSIP 922475108 | 1.7M sh | $402.9M | 2.66% |
| 5 | Teradyne Inc CUSIP 880770102 | 3.5M sh | $394.1M | 2.61% |
| 6 | RTX Corp CUSIP 75513E101 | 4.0M sh | $394.1M | 2.61% |
| 7 | International Flavors & Fragrances Inc CUSIP 459506101 | 4.6M sh | $392.6M | 2.6% |
| 8 | TransUnion CUSIP 89400J107 | 4.9M sh | $392.4M | 2.59% |
| 9 | Estee Lauder Cos Inc/The CUSIP 518439104 | 2.5M sh | $389.4M | 2.57% |
| 10 | Charles Schwab Corp/The CUSIP 808513105 | 5.4M sh | $388.6M | 2.57% |
| 11 | US Bancorp CUSIP 902973304 | 8.5M sh | $381.4M | 2.52% |
| 12 | Equifax Inc CUSIP 294429105 | 1.4M sh | $381.1M | 2.52% |
| 13 | Zimmer Biomet Holdings Inc CUSIP 98956P102 | 2.9M sh | $380.0M | 2.51% |
| 14 | Medtronic PLC | 4.2M sh | $368.3M | 2.43% |
| 15 | Agilent Technologies Inc CUSIP 00846U101 | 2.5M sh | $368.1M | 2.43% |
| 16 | Altria Group Inc CUSIP 02209S103 | 8.3M sh | $362.0M | 2.39% |
| 17 | Bristol-Myers Squibb Co CUSIP 110122108 | 6.7M sh | $362.0M | 2.39% |
| 18 | Comcast Corp CUSIP 20030N101 | 8.3M sh | $361.3M | 2.39% |
| 19 | Tyler Technologies Inc CUSIP 902252105 | 845.8K sh | $359.5M | 2.38% |
| 20 | Campbell Soup Co CUSIP 134429109 | 8.1M sh | $357.9M | 2.37% |
| 21 | Pfizer Inc CUSIP 717081103 | 12.3M sh | $340.8M | 2.25% |
| 22 | Gilead Sciences Inc CUSIP 375558103 | 4.6M sh | $339.1M | 2.24% |
| 23 | Biogen Inc CUSIP 09062X103 | 1.6M sh | $334.8M | 2.21% |
| 24 | MarketAxess Holdings Inc CUSIP 57060D108 | 1.5M sh | $334.7M | 2.21% |
| 25 | Etsy Inc CUSIP 29786A106 | 4.8M sh | $327.0M | 2.16% |
As reported by the fund on Form N-PORT for the period ended Mar 31, 2024. 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.