MOAT - VanEck Morningstar US Sustainable Wide Moat UCITS ETF | Factsheet

Marketing Communication

MOAT

VanEck
Morningstar US ESG Wide Moat UCITS ETF

30 November 2024

Fund Details

Base Currency	USD
Inception Date	16 October 2015
Domicile	Ireland
Net Assets	USD 477.8M
Shares Outstanding	7,600,000
Total Expense Ratio	0.49%
Product Structure	Physical (Full Replication)
UCITS Compliant	Yes
Rebalance Frequency	Annually, Staggered Semi-Annually
Distribution Frequency	None
Income Treatment	Reinvestment
Swiss Valor	28778697
ISA Eligibility	Yes
SIPP Available	Yes
Countries of Registration	AT, CH, DE, DK, ES, FI, FR, IE, IT, LU, NL, NO, PL, PT, SE, UK

Index Information

Index Provider	Morningstar
Index Type	Total Return Net
Currency	USD
Inception Date	20 Jun 2014
Reconstitution Frequency	Annually, Staggered Semi-Annually
Bloomberg Ticker	MSUSSMNU
Reuters Ticker	.MSUSSMNU

Fund Data

Number of Holdings	62
Price/Earnings Ratio^*	28.18
Price/Book Ratio^*	4.22
Weighted Avg. MCap	USD 169.9B

* Last 12 Months

Country Breakdown

United States	99.95%
Other/Cash	0.05%

FUND DESCRIPTION

VanEck Morningstar US ESG Wide Moat UCITS ETF is a UCITS-compliant exchange-traded fund (ETF) that invests in a portfolio of equity securities. The ETF aims to provide investment returns that closely track the price and yield performance of the Morningstar® US Sustainability Moat Focus Index^TM.

The Morningstar US Sustainable Moat Focus Index tracks the overall performance of attractively priced US companies with sustainable competitive advantages according to Morningstar’s equity research team, subject to ESG screening based on Sustainalytics data. The rules-based index is reviewed semi-annually. Please consult http://indexes.morningstar.com for detailed index information.

Performance History (%)

Month End as of 30 Nov 2024	1 MO*	3 MO*	YTD*	1 YR	3 YR	5 YR	10 YR	ETF INCEPTION
ETF	5.09	5.09	16.67	24.60	5.72	10.21	--	13.37
MSUSSMNU (Index)	5.12	5.16	16.99	24.96	6.00	10.75	12.06	14.13

Past Performance as of 31 Dec 2023

	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023
VanEck Morningstar US ESG Wide Moat UCITS ETF			21.3	22.8	-1.6	34.4	14.1	25	-18.8	18
Benchmark Index (Morningstar® US Sustainability Moat Focus Index™)			22.4	23.8	-0.7	35.6	15.1	25.9	-18.6	18.3

Past performance does not predict future returns.

Index data up to 17th December 2021 EOD reflects index data of the Morningstar Wide Moat Focus Index (MWMFTR). From 20th December 2021 onwards, the index data reflects that of the Fund's underlying index, the Morningstar US Sustainable Moat Focus Index (MSUSSMNU). Index history which includes periods prior to the index change shows a blended performance and is not intended for third party use.

Performance quoted represents past performance. Current performance may be lower or higher than average annual returns shown. Performance data is displayed on a Net Asset Value basis, in Base Currency terms, with net income reinvested, net of fees. Brokerage or transaction fees will apply. Returns may increase or decrease as a result of currency fluctuations. Investors must be aware that, due to market fluctuations and other factors, the performance of the ETFs may vary over time and should consider a medium/long-term perspective when evaluating the performance of ETFs. Investing is subject to risks, including the possible loss of principal. Source: VanEck.

*Periods greater than one year are annualised.

MOAT

VanEck
Morningstar US ESG Wide Moat UCITS ETF

30 November 2024

Top 10 Holdings

TRANSUNION	3.04%
TYLER TECHNOLOGIES INC	3.01%
EMERSON ELECTRIC CO	2.91%
NORTHERN TRUST CORP	2.85%
INTERCONTINENTAL EXCHANGE INC	2.70%
ALLEGION PLC	2.65%
AUTODESK INC	2.64%
WALT DISNEY CO/THE	2.61%
MASCO CORP	2.57%
VEEVA SYSTEMS INC	2.51%
SUBTOTAL - TOP 10	27.50%
REMAINING HOLDINGS	72.45%
OTHER/CASH	0.05%
TOTAL	100.00%
For a complete up-to-date listing of Fund holdings, please visit www.vaneck.com

Trading Information

EXCHANGE	TRADING CURRENCY	ISIN	EXCHANGE TICKER	BLOOMBERG TICKER	REUTERS TICKER	SEDOL	IOPV SYMBOL
LONDON STOCK EXCHANGE	USD	IE00BQQP9H09	MOAT	MOAT LN	MOAT.L	BYZ9YL8	MOATINAV
LONDON STOCK EXCHANGE	GBP	IE00BQQP9H09	MOGB	MOGB LN	MOGB.L	BYNZDV1	MOATINAV
DEUTSCHE BÖRSE	EUR	IE00BQQP9H09	GMVM	GMVM GY	GMVM.DE	BYNZF15	GMVMINAV
SIX SWISS EXCHANGE	CHF	IE00BQQP9H09	MOAT	MOAT SE	MOAT.S	BZ1JHM1	MOATINAV
BORSA ITALIANA	EUR	IE00BQQP9H09	MOAT	MOAT IM	MOAT.MI	BYT2J29	GMVMINAV

Key Risks

Equity Market Risk: The value of the securities held by a Moat ETF may fall suddenly and unpredictably due to general market and economic conditions in markets in which issuers or securities held by the funds are active.

Concentration Risk: Increases in interest rates have a significant impact on the value of fixed-income securities issued by governments and companies. Potential or actual downgrades in credit ratings can also impact prices. This is another risk factor of a Multi-Asset ETF.

Foreign Currency Risk: Because all or a portion of a Moat ETF are being invested in securities denominated in foreign currencies, the fund’s exposure to foreign currencies and changes in the value of foreign currencies versus the base currency may result in reduced returns for the funds, and the value of certain foreign currencies may be subject to a high degree of fluctuation.

For more information on risks, please see the “Risk Factors” section of the relevant Fund’s prospectus, available on www.vaneck.com.

IMPORTANT INFORMATION

This is marketing communication. Please refer to the prospectus of the UCITS and to the Key Information Document (“KID”) before making any final investment decisions. These documents are available in English and the KIDs in local languages and can be obtained free of charge at www.vaneck.com, from VanEck Asset Management B.V. (the “Management Company”) or, where applicable, from the relevant appointed facility agent for your country.

This information originates from VanEck (Europe) GmbH, which is authorized as an EEA investment firm under MiFID under the Markets in Financial Instruments Directive (“MiFiD). VanEck (Europe) GmbH has its registered address at Kreuznacher Str. 30, 60486 Frankfurt, Germany, and has been appointed as distributor of VanEck products in Europe by the Management Company. The Management Company is incorporated under Dutch law and registered with the Dutch Authority for the Financial Markets (AFM).

This material is only intended for general and preliminary information and shall not be construed as investment, legal or tax advice. VanEck (Europe) GmbH and its associated and affiliated companies (together “VanEck”) assume no liability with regards to any investment, divestment or retention decision on the basis of this information. The views and opinions expressed are those of the author(s) but not necessarily those of VanEck. Opinions are current as of the publication date and are subject to change with market conditions. Information provided by third party sources is believed to be reliable and have not been independently verified for accuracy or completeness and cannot be guaranteed.

VanEck Morningstar US ESG Wide Moat UCITS ETF (the "ETF") is a sub-fund of VanEck UCITS ETFs plc, an open-ended variable capital umbrella investment company with limited liability between sub-funds. The ETF is registered with the Central Bank of Ireland, passively managed and tracks an equity index. Investing in the ETF should be interpreted as acquiring shares of the ETF and not the underlying assets.

Morningstar® US Sustainability Moat Focus Index is a trade mark of Morningstar Inc. and has been licensed for use for certain purposes by VanEck. VanEck’s ETF is not sponsored, endorsed, sold or promoted by Morningstar and Morningstar makes no representation regarding the advisability in VanEck’s ETF.

Effective December 15, 2023 the carbon risk rating screen was removed from the Index. Effective December 17, 2021 the Morningstar® Wide Moat Focus IndexTM has been replaced with the Morningstar® US Sustainability Moat Focus Index. Effective June 20, 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 this date. It is not possible to invest directly in an index.

Performance quoted represents past performance. Current performance may be lower or higher than average annual returns shown. Performance data for the Irish domiciled ETFs is displayed on a Net Asset Value basis, in Base Currency terms, with net income reinvested, net of fees. Returns may increase or decrease as a result of currency fluctuations.

Investors must be aware that, due to market fluctuations and other factors, the performance of the ETFs may vary over time and should consider a medium/long-term perspective when evaluating the performance of ETFs.

Investing is subject to risk, including the possible loss of principal. Investors must buy and sell units of the UCITS on the secondary market via a an intermediary (e.g. a broker) and cannot usually be sold directly back to the UCITS. Brokerage fees may incur. The buying price may exceed, or the selling price may be lower than the current net asset value. The indicative net asset value (iNAV) of the UCITS is available on Bloomberg. The Management Company may terminate the marketing of the UCITS in one or more jurisdictions. The summary of the investor rights is available in English at: complaints-procedure.pdf (vaneck.com). For any unfamiliar technical terms, please refer to ETF Glossary | VanEck.

No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission of VanEck.

VanEck Vectors Morningstar US Wide Moat UCITS ETF (the Fund) is a sub-fund of VanEck Vectors UCITS ETFs plc. (the Umbrella Fund), organised under the laws of Ireland. This document is for illustrative purposes to Investors and their investment consultants and does not constitute legal, tax, or investment advice. You must therefore not rely on the content of this document when making any investment decisions. Any investment decision should be made on the basis of an understanding of the prospectus and the key investor information document (“KIID”), which is available at www.vaneck.com/etf-europe/ and VanEck Investments Limited at its registered office at 25-28 North Wall Quay, Dublin 1, Ireland. Please read these documents before investing and take note of the risk factors. Note: no guarantee can be provided that the Fund will attain its objective. The value of an investment may decline as well as increase. Nothing contained herein constitutes investment, tax or legal advice. All persons interested in investing in the Fund are recommended to seek advice from independent legal and tax advisors in order to ascertain whether the investment is appropriate to their own objectives.

Morningstar® Wide Moat Focus Index^TM is a trade mark of Morningstar inc. and has been licensed for use for certain purposes by VanEck. VanEck Vectors Morningstar US Wide Moat UCITS ETF is not sponsored, endorsed, sold or promoted by Morningstar and Morningstar makes no representation regarding the advisability in VanEck Vectors Morningstar US Wide Moat UCITS ETF.

Please note that the information herein may change at any time; current data may differ from data quoted. It is not intended to be a forecast of future results, a comprehensive statement of all of the factors or considerations which may be relevant to an investment. Current market conditions may not continue. Non-VanEck proprietary information contained herein has been obtained from sources believed to be reliable, but not guaranteed. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission of VanEck. ©2016 VanEck.

You can lose money by investing in the Fund. Any investment in the Fund should be part of an overall investment program, not a complete program. An investment in the Fund may be subject to product specific risks. These may negatively impact the Fund’s return. All risks are described in detail in the Prospectus and KIID.

The IOPV is calculated by Solactive AG.

No invitation to offer, or offer for, or sale of, the shares of any fund mentioned herein will be made to the People’s Republic of China (“PRC”) (which, for such purposes, does not include the Hong Kong or Macau Special Administrative Regions or Taiwan) or by any means that would be deemed public under the Laws of the PRC. The information relating to any fund mentioned herein has not been submitted to or approved by the China Securities Regulatory Commission or other relevant governmental authorities in the PRC. Such funds may only be offered or sold to investors in the PRC that are expressly authorized under the laws and regulations of the PRC to buy and sell securities denominated in foreign exchange. Potential investors resident in the PRC are responsible for obtaining all relevant approvals from the government authorities of the PRC, including but not limited to the State Administration of Foreign Exchange, before purchasing the shares. This document further does not constitute any securities or investment advice to citizens of the PRC, or nationals with permanent residence in the PRC, or to any corporation, partnership, or other entity incorporated or established in the PRC.

This material does not constitute an offer to sell or solicitation to buy any security, including shares of any Fund. An offer or solicitation will be made only through a Fund’s prospectus or summary prospectus and will be subject to the terms and conditions contained therein. This material and the information provided herein are not directed at or intended for distribution to any person (or entity) who is a citizen or resident of (or located or established in) any jurisdiction where the distribution of these materials and/or the purchase or sale of interests of a Fund would be contrary to applicable law or regulation or would subject a Fund to any registration or licensing requirement in such jurisdiction. Persons who wish to review this material are required to inform themselves about and to observe any legal or regulatory restrictions which may affect their eligibility to make an investment in a Fund.

Fund shares are not individually redeemable and will be issued and redeemed at their net asset value (NAV) only through certain authorized broker-dealers in large, specified blocks of shares called “creation units” and otherwise can be bought and sold only through exchange trading. Creation units are issued and redeemed principally in kind. Shares may trade at a premium or discount to their NAV in the secondary market. You will incur brokerage expenses when trading fund shares in the secondary market. Past performance is no guarantee of future results. Returns for an actual fund’s investments may differ from what is shown because of differences in timing, the amount invested and fees and expenses.

Morningstar® Wide Moat Focus IndexTM is a trade mark of Morningstar inc. and has been licensed for use for certain purposes by VanEck. VanEck Vectors Morningstar US Wide Moat UCITS ETF is not sponsored, endorsed, sold or promoted by Morningstar and Morningstar makes no representation regarding the advisability in VanEck Vectors Morningstar US Wide Moat UCITS ETF.

The contents of this material have not been reviewed nor endorsed by any regulatory authority in Hong Kong. Hong Kong residents are advised to exercise caution in relation to this offer. An investment in any fund mentioned herein may not be suitable for everyone. If you are in any doubt about the contents of this material, you should consult your stockbroker, bank manager, solicitor, accountant or other financial adviser for independent professional advice. Such funds are not authorised by the Securities and Futures Commission (“SFC”) in Hong Kong pursuant to Section 104 of the Securities and Futures Ordinance (Cap 571, Laws of Hong Kong) (“SFO”). This material has not been approved by the SFC in Hong Kong, nor has a copy of it been registered with the Registrar of Companies in Hong Kong and, must not, therefore, be issued, or possessed for the purpose of issue, to persons in Hong Kong other than (1) professional investors within the meaning of the SFO (including professional investors as defined by the Securities and Futures (Professional Investors) Rules); or (2) in circumstances which do not constitute an offer to the public for the purposes of the Companies Ordinance (Cap 32, Laws of Hong Kong) or the SFO. This material is distributed on a confidential basis and may not be reproduced in any form or transmitted to any person other than the person to whom it is addressed. No interest/rights/shares in any fund mentioned herein will be issued to any person other than the person to whom this material has been addressed and no person other than such addressee may treat the same as constituting an invitation for him to invest.

The IOPV is calculated by Solactive AG.

This material does not constitute an offer to sell or solicitation to buy any security, including shares of any Fund. An offer or solicitation will be made only through a Fund’s prospectus or summary prospectus and will subject to the terms and conditions contained therein. This material and the information provided herein are not related to a collective investment scheme which is authorised under section 286 of the Securities and Futures Act, Chapter 289 of Singapore (the “SFA”) or recognised under section 287 of the SFA. The Funds mentioned herein are not authorised or recognised by the Monetary Authority of Singapore (the “MAS”) and Shares/Units/Interests are not allowed to be offered to the retail public. This material is not a prospectus as defined in the SFA. Accordingly, statutory liability under the SFA in relation to the content of prospectuses would not apply. You should consider carefully whether the investment is suitable for you.

This material has not been registered as a prospectus with the MAS. Accordingly, this material and any other document or material in connection with it, may not be circulated or distributed, nor may Shares/Units/Interests be offered or sold, or be made the subject of an invitation for subscription or purchase, whether directly or indirectly, to persons in Singapore other than (i) to an institutional investor under Section 304 of the SFA, (ii) to a relevant person pursuant to Section 305(1), or any person pursuant to Section 305(2), and in accordance with the conditions specified in Section 305 of the SFA, or (iii) otherwise pursuant to, and in accordance with the conditions of, any other applicable provision of the SFA. Professional advice shall be sought in cases of doubt.

The IOPV is calculated by Solactive AG.

Shares of any fund mentioned herein are being made available in the Republic of China (“R.O.C.”) on a private placement basis only to banks, bills houses, trust enterprises, insurance companies, securities firms, financial holding companies and other qualified entities or institutions (collectively, “Qualified Institutions”) and other entities and individuals meeting specific criteria (“Other Qualified Investors”) pursuant to the private placement provisions of the R.O.C. Rules Governing Offshore Funds. No other offer or sale of the shares in the R.O.C. is permitted. R.O.C. purchasers of the shares may not sell or otherwise dispose of their holdings except by redemption, transfer to a Qualified Institution or Other Qualified Investor, transfer by operation of law or other means approved by the R.O.C. Financial Supervisory Commission.