Core Viewpoint - The VanEck Morningstar Wide Moat ETF (MOAT) is a significant player in the Large Cap Blend segment of the US equity market, with over $13.05 billion in assets, making it one of the largest ETFs in this category [1] Group 1: Fund Overview - MOAT is a passively managed ETF launched on April 24, 2012, sponsored by Van Eck [1] - The fund targets companies with market capitalizations above $10 billion, which are typically stable with predictable cash flows [2] Group 2: Costs and Performance - The ETF has an expense ratio of 0.47%, which is competitive within its peer group, and a 12-month trailing dividend yield of 1.30% [3] - MOAT aims to match the performance of the Morningstar Wide Moat Focus Index, which tracks 20 attractively priced companies with sustainable competitive advantages [6] - Year-to-date, the ETF has increased by approximately 5.12% and has risen about 14.21% over the past year, with a trading range of $76.53 to $98.73 in the last 52 weeks [6] Group 3: Sector Exposure and Holdings - The ETF has a significant allocation to the Information Technology sector, comprising about 25.90% of the portfolio, followed by Healthcare and Industrials [4] - Boeing Co accounts for approximately 3.29% of total assets, with the top 10 holdings representing about 28.68% of total assets under management [5] Group 4: Risk Profile - MOAT has a beta of 1.01 and a standard deviation of 19.03% over the trailing three-year period, categorizing it as a medium-risk investment [7] - The ETF holds around 54 stocks, effectively diversifying company-specific risk [7] Group 5: Alternatives - The ETF holds a Zacks ETF Rank of 3 (Hold), indicating it is a viable option for investors seeking exposure to the Large Cap Blend area [8] - Other comparable ETFs include the SPDR S&P 500 ETF (SPY) with $643.46 billion in assets and an expense ratio of 0.09%, and the Vanguard S&P 500 ETF (VOO) with $691.94 billion in assets and an expense ratio of 0.03% [9] Group 6: Market Trends - There is a growing trend among retail and institutional investors towards passively managed ETFs due to their low costs, transparency, flexibility, and tax efficiency, making them suitable for long-term investment strategies [10]