This fund has a very high-quality portfolio. About 91% of its investments are in companies that have Morningstar Economic Moat Ratings of wide or narrow: firms that Morningstar equity analysts believe have durable competitive advantages. That's above competing large-cap growth ETFs IWF and VUG, whose moat percentages are in the 85% range.
This ETF is one of the most actively traded securities on the market, and its holdings are also very liquid. Thus, bid-ask spreads should remain tight and tracking error should remain negligible. Read more