Does anyone know if it is possible to get access to Morningstar’s Historical Moat Ratings (basically a point-in-time feed of their moat rankings?
Somewhat relatedly is it possible to get historical ETF holdings? For example if you were able to get the historical holdings of the MOAT ETF, it might be an 80% solution for my first question.
Cheers,
Daniel
I am interested in that too… please post if you find something. I think professional investors may have access to historical MOAT data
This is mostly anecdotal, but for a couple of years I have tried using Morningstar star ratings (1-5 range) as a post-screen on some of my portfolios, roughly 4 or 5 stars is a “pass,” 3 stars is a “maybe,” and 1 or 2 stars is a “fail.” On one portfolio, which I tracked most carefully, doing so has resulted in reduced total returns. I venture that the problem may be that Morningstar apparently assigns a single analyst to most stocks…
Uhmm… 10Y returns:
SPY 258%
MOAT ETF 290%
QQQ 424%
It’s just ok
I was curious what could be done with it as a starting universe.
Does anyone know of a way to pull in historical ETF holdings? This seems like it could be useful in more than just the MOAT case.
-Daniel
Provided you have the historical constituent data…
Best way to do this, and have it point in time, is to import your own custom factors https://www.portfolio123.com/app/opener/STOCKFACTOR?cat=-2
For example create a factor called $$MOAT and upload this data
ABC, 12/31/2020, 1
ABC, 03/31/2021, 0
Then in a custom universe use a single rule: $$MOAT = 1
This will create a universe that has only one stock, ABC, in the 3 month period. If you do not set the factor back to 0 it will remain 1 forever
You can use several ways to identify a stock like ticker, cik, gvkey, cusip
NOTE: several upgrades are planned for imported factors like ability to share them with others, point in time tickers, automatic expiration (ex: becomes NA after 4 months), and ability to use them as time series functions like moving averages.
Looking forward to the custom factor upgrades. Will the survivorship bias problem be addressed?
that’s cool… thanks Marco
Sharing sounds very useful!
Although the MOAT ETF holds stocks identified as wide moat, only about 40 stocks are held and managed based on Morningstar DCF valuation. So the ETF doesn’t represent a complete list of wide moat companies and the ETF performance isn’t representative of the entire set of stocks. I have a Morningstar subscription but it doesn’t provide historical data. I’m not sure where you can find such data.
Steve