MOTI: new International Equity Strategy ETF by Van Eck

Van Eck Global begun trading the Market Vectors Morningstar International Moat ETF (NYSE Arca: MOTI) on Tuesday, July 14, 2015.

 

FUND INFORMATION:

Symbol: MOTI Exchange: NYSE Arca
Name: Market Vectors Morningstar International Moat ETF    Net Expense Ratio: 0.56%

 

FUND OBJECTIVE:
The Market Vectors Morningstar International Moat ETF seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Morningstar Global ex-US Moat Focus Index. The Fund normally invests at least 80% of its total assets in securities that comprise the Fund’s benchmark index.

 

REFERENCE INDEX:
The Morningstar Global ex-US Moat Focus Index is comprised of securities issued by companies that Morningstar, Inc. (Index Provider) determines have sustainable competitive advantages based on a proprietary methodology that considers quantitative and qualitative factors (“wide and narrow moat companies”).

Wide moat companies are those that the Index Provider believes will maintain its competitive advantage(s) for at least 20 years. Narrow moat companies are those that the Index Provider believes will maintain its competitive advantage(s) for at least 10 years. Wide and narrow moat companies are selected from the universe of companies represented in the Morningstar Global Markets ex-US IndexSM (Parent Index), a broad market index representing 97% of developed ex-US and emerging markets market capitalization. The Index targets a select group of equity securities of wide and narrow moat companies, which are those companies that, according to Morningstar’s equity research team, are the most attractively priced as of the quarterly rebalance. The Index Provider utilizes a momentum screen, in which momentum represents a security’s 12-month price change. A momentum signal is used to exclude 20% of the wide and narrow moat stocks in the Parent Index with the worst 12-month momentum based on a 12-month price change of each stock. Out of the companies in the Parent Index that the Index Provider determines are wide or narrow moat companies and display 12-month momentum in the top 80%, the Index Provider selects 50 companies to be included in the Index as determined by the ratio of the issuer’s common stock price to the Index Provider’s estimate of fair value. The Index Provider’s fair value estimates are calculated using standardized, proprietary valuation models. Wide and narrow moat companies may include medium-capitalization companies.

As of June 30, 2015, the Index included 50 securities of companies with a market capitalization range of between approximately $0.9 billion and $232.9 billion and a weighted average market capitalization of $35.9 billion.

 

Top 10 Holdings:

Ambuja Cements Ltd 2.33%
Itc Ltd 2.23%
Wipro Ltd 2.23%
Unilever Nv 2.23%
Wharf Holdings Ltd/The 2.22%
Westpac Banking Corp 2.22%
Svenska Handelsbanken Ab 2.21%
State Bank Of India 2.21%
Commonwealth Bank Of Australia 2.20%
National Australia Bank Ltd 2.18%

 

Sector Weightings:

Financials 49.8%
Materials 9.7%
Consumer Discretionary 8.8%
Consumer Staples 6.6%
Telecommunication Services 6.2%
Utilities 5.8%
Health Care 4.3%
Industrials 4.2%
Information Technology 2.2%
Energy 2.0%

 

Country Weightings:

AUSTRALIA 22.3%
CANADA 15.2%
INDIA 13.0%
UNITED KINGDOM 8.3%
CHINA 7.9%
SINGAPORE 6.3%
NEW ZEALAND 5.8%
NETHERLANDS 4.3%
SWITZERLAND 4.2%
SWEDEN 2.2%

Useful Links:
MOTI Home Page

 

Category: Equities> International Equities> International Strategy

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