MOAT.MX Price Factors: Underlying Holdings' Performance: The ETF's price closely reflects the collective performance of the companies within its index, which focuses on those with wide and durable economic moats.

Index Methodology: Changes or refinements in the Morningstar Wide Moat Focus Index methodology directly impact the ETF's composition and therefore its price.

Investor Sentiment: Broad market trends, risk appetite, and overall investor sentiment towards value stocks or quality companies can influence demand for MOAT.MX.

Dividend Yields: Dividends paid by the underlying companies affect the total return of MOAT.MX and indirectly its price, as attractive yields can increase demand.

Management Fees & Expenses: The ETF's expense ratio reduces returns, impacting long-term price performance relative to its benchmark.

Supply and Demand: Market forces of supply and demand for MOAT.MX shares directly determine its market price, especially during periods of high trading volume.

Currency Fluctuations: For investors holding the ETF in a different currency, exchange rate movements can affect the value of their investment and perceived price.

Economic Conditions: Broad economic factors such as interest rates, inflation, and GDP growth influence company valuations within the index and therefore MOAT.MX's price.