Tech
Moat Stock Holds Steady Despite Tech Market Surge
Important information
Source of all data, unless otherwise stated: Morningstar.
Fair value estimate: Morningstar analyst’s estimate of a stock’s value. Fair price/value: ratio between the trading price of a security and its estimated fair value.
This is not an offer to buy or sell, or a recommendation to buy or sell, any securities, financial instruments or digital assets mentioned herein. The information presented does not constitute personalized investment, financial, legal, tax or any call to action advice. Certain statements contained herein may constitute projections, forecasts and other forward-looking statements, which do not reflect actual results, are for illustrative purposes only, are valid as of the date of this communication and are subject to change without notice. The actual future performance of any asset or sector mentioned is unknown. Information provided by third party sources is believed to be reliable and has not been independently verified for accuracy or completeness and cannot be guaranteed. VanEck does not guarantee the accuracy of third party data. The information contained herein represents the opinion of the author(s) but not necessarily that of VanEck or its other employees.
Holdings will vary for the MOAT ETF and its corresponding index. For a complete list of ETF holdings, click here: MOAT – VanEck Morningstar Wide Moat ETF – Securities.
Holdings will vary for the SMOT ETF and its corresponding index. For a complete list of ETF holdings, click here: SMOT – VanEck Morningstar SMID Moat ETF – Securities.
Holdings will vary for the MVAL ETF and its corresponding index. For a complete list of ETF holdings, click here: MVAL – VanEck Morningstar Wide Moat ETF – Securities.
Holdings will vary for the MGRO ETF and its corresponding index. For a complete list of ETF holdings, click here: MGRO – VanEck Morningstar Wide Moat Growth ETF – Stocks.
An investor may not invest directly in an index. Returns reflect past performance and do not guarantee future results. Results reflect the reinvestment of dividends and capital gains, if any. Some indices may take into account withholding taxes. Index returns do not represent the returns of the Fund. The index does not charge management fees or brokerage expenses, nor does it lend securities, and no securities lending income has been added to the performance shown.
Morningstar® Wide Moat Focus IndexSM and Morningstar® US Small-Mid Cap Moat Focus IndexSM were created and are maintained by Morningstar, Inc. Morningstar, Inc. does not sponsor, endorse, issue, sell, or promote the VanEck Morningstar Wide Moat ETF or the VanEck Morningstar SMID Moat ETF and assumes no liability with respect to the ETFs or in any capacity. Morningstar® is a registered trademark of Morningstar, Inc. Morningstar® Wide Moat Focus IndexSM and Morningstar® US Small-Mid Cap Moat Focus IndexSM are service marks of Morningstar, Inc.
Morningstar® US Broad Value Wide Moat Focus IndexSM and Morningstar® US Broad Growth Wide Moat Focus IndexSM were created and are maintained by Morningstar, Inc. Morningstar, Inc. does not sponsor, endorse, issue, sell, or promote the VanEck Morningstar Wide Moat Value ETF and VanEck Morningstar Wide Moat Growth ETF and assumes no liability with respect to the Funds or in any capacity. Morningstar® is a registered trademark of Morningstar, Inc. Morningstar® US Broad Value Wide Moat Focus IndexSM and Morningstar® US Broad Growth Wide Moat Focus IndexSM are service marks of Morningstar, Inc.
Effective June 20, 2016, Morningstar implemented several changes to the construction rules of the Morningstar Wide Moat Focus Index. Among other changes, the index increased its constituents from 20 stocks to at least 40 stocks and changed its rebalancing and reconstitution methodology. These changes may result in more diversified exposure, lower turnover, and longer holding periods for index constituents than under rules in effect prior to this date. Past performance does not guarantee future results.
According to Morningstar, the Morningstar moat-based indices represent various regional exposures and consist of companies identified as having sustainable competitive advantages and whose shares are attractively priced.
The Morningstar® Wide Moat FocusSM Index is designed to track the overall performance of companies with attractive prices and sustainable competitive advantages, as determined by Morningstar’s equity research team.
The Morningstar® US Small-Mid Cap Moat Focus IndexSM is designed to track the overall performance of small- and mid-cap companies with sustainable competitive advantages and attractive valuations, as determined by Morningstar’s equity research team.
Morningstar® US Broad Value Wide Moat Focus IndexSM: Consists of at least 30 U.S. value-oriented companies identified as having sustainable competitive advantages and whose securities are most attractively priced, according to Morningstar.
Morningstar® US Broad Growth Wide Moat Focus IndexSM: Consists of at least 30 U.S. growth-oriented companies identified as having sustainable competitive advantages and whose stock prices are the most attractive, according to Morningstar.
The S&P SmallCap 600 Index represents small-cap U.S. companies. The S&P Midcap 400 Index provides investors with a benchmark for mid-sized U.S. companies. The S&P 500 Index is comprised of 500 widely held common stocks covering the industrials, services, financials, and transportation sectors. The S&P 500 Equal Weighted Index is an equally weighted version of the market-cap weighted S&P 500 Index.
The S&P 500® Index is a product of S&P Dow Jones Indices LLC and/or its affiliates and has been licensed for use by Van Eck Associates Corporation. Copyright © 2024 S&P Dow Jones Indices LLC, a division of S&P Global, Inc. and/or its affiliates. All rights reserved. Redistribution or reproduction in whole or in part is prohibited without the written permission of S&P Dow Jones Indices LLC. For more information on any of the S&P Dow Jones Indices LLC indices, visit www.spglobal.com/spdji/en/. S&P® is a registered trademark of S&P Global and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC. Neither S&P Dow Jones Indices LLC, Dow Jones Trademark Holdings LLC, their affiliates nor their third-party licensors make any representation or warranty, express or implied, that any index will accurately represent the asset class or market sector it purports to represent and neither S&P Dow Jones Indices LLC, Dow Jones Trademark Holdings LLC, their affiliates nor their third-party licensors will be liable for any errors, omissions, or interruptions in any index or the data included therein.
An investment in the VanEck Morningstar Wide Moat ETF (MOAT®) may be subject to risks including, but not limited to, risks related to investing in equity securities, the healthcare sector, the industrial sector, the information technology sector, the financial sector, mid-cap companies, the market, operational risks, high portfolio turnover, index tracking, concentration of authorized participants, no guarantee of an active trading market, trading issues, passive management, trading in fund shares, premium/discount risk and liquidity of fund shares, concentration risks related to the index and non-diversification, all of which may adversely affect the Fund. Mid-cap companies may be subject to high risks.
An investment in the VanEck Morningstar SMID Moat ETF (SMOT®) may be subject to risks that include, among others, risks related to investing in equity securities, small and mid-cap companies, consumer discretionary, financial, healthcare, industrial, information technology, market, operational, high portfolio turnover, index tracking, concentration of authorized participants, no assurance of active trading market, trading issues, passive management, trading of fund shares, premium/discount risk and liquidity of fund shares, non-diversified and index-related concentration risks, all of which may adversely affect the Fund. Small and mid-cap companies may be subject to high risks.
An investment in the VanEck Morningstar Wide Moat Value ETF (MVAL) may be subject to risks that include, among others, risks related to investing in equity securities, value-style investing, financial sector, healthcare sector, industrial sector, large and mid-cap, market, operational, index tracking, concentration of authorized participants, new fund, no assurance of active trading market, trading issues, passive management, trading of fund shares, premium/discount and liquidity of fund shares, non-diversified and concentration risks related to the index, all of which may adversely affect the Fund. Large and mid-cap companies may be subject to elevated risks. The Fund’s value strategy may cause the Fund to invest in securities or industry sectors that underperform the market as a whole. In addition, value companies identified by the index provider may not perform as expected and there can be no assurance that the index provider’s proprietary valuation model will perform as expected.
An investment in the VanEck Morningstar Wide Moat Growth ETF (MGRO) may be subject to risks that include, among others, risks related to investing in equity securities, growth style investing, consumer discretionary, industrials, financials, large and mid-cap, healthcare, information technology, market, operational, index tracking, concentration of authorized participants, new fund, no guarantee of active trading market, trading issues, passive management, trading of fund shares, premium/discount and liquidity of fund shares, non-diversified and concentration risk related to the index, all of which may adversely affect the Fund. Large and mid-cap companies may be subject to elevated risks. The Fund’s growth strategy may cause the Fund to invest in securities or industry sectors that underperform the market as a whole. In addition, growth companies identified by the index provider may not perform as expected and there can be no assurance that the index provider’s proprietary valuation model will perform as expected.
Investing involves substantial risk and high volatility, including possible loss of principal. An investor should carefully consider a Fund’s investment objective, risks, expenses and charges before investing. To obtain a prospectus and summary prospectus, which contain this and other information, call 800.826.2333 or visit vaneck.com. Please read the prospectus and summary prospectus carefully before investing.
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