Fund Description
The Index is derived from the universe of companies that Morningstar determines have wide moats. A wide-moat company is one that has a maintainable return on invested capital exceeding cost of capital and a sustainable competitive advantage. The Index is comprised of the common stocks of the twenty eligible companies within the Morningstar Wide Moat universe that have the highest ratio of fair value to stock price. The Index is a subset of the Morningstar US Market Index, a market index representing approximately 97% of U.S. equity market capitalization.
Fund Profile
Fund Name ELEMENTS Linked to the Morningstar Wide Moat Focus Total Return Index
Fund Exchange Ticker WMW
Fund Sponsor ELEMENTS
Fund ISIN US25153Q7088
Net Expense Ratio 0.75 %
Fund Inception Date 17 October 2007
Fund Legal Structure ETN
Exchange NYSE Arca
Listing Country Code US
Fund Investment Objective
ETF Type Specific US Equities - Factor & Thematic
Asset Class Equities (Stocks)
Index Linked Passive
Index Name Morningstar Wide Moat Focus Total Return Index
Index Provider Morningstar
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Developed Market Funds
Market Capitalization Range Broad Market / Multi-Cap
Growth Value Core / Blend
Continent North America
Key Statistics
Return As of Date 17 January 2019
Asset Under Management 30.41 Million (USD)
1 Month Total Return 3.28 %
Year To Date Return 6.09 %
1 Year Total Return 0.28 %
3 Year Annualized Total Return 18.63 %
NAV 31.68
Share Outstanding 960,000
Top 10 Holdings (Invalid date)
Constituent Name Constituent Ticker Constituent Type Weighting