The Difference is Morningstar

    Moat Investing Philosophy

    The moat philosophy aims to identify companies with structural competitive advantages that are more likely to earn above-average returns on capital over a long period of time, according to Morningstar's equity research team. 

    Morningstar believes these moat-rated companies demonstrate a sustainable competitive edge. 


    Sustainable Competitive Advantages...

    Two ETFs focus on moat investing: Market Vectors® Morningstar® Wide Moat ETF (MOAT®) offers investors domestic exposure to Morningstar’s proprietary equity research, and Market Vectors® Morningstar International Moat ETF (MOTI) offers international exposure.  

    Learn more about Morningstar's Moat Rating »


    ...at Attractive Valuations

    Morningstar’s proprietary valuation methodology is used in an effort to select undervalued moat-rated stocks for inclusion in the Morningstar suite of moat indexes.

    Learn more about Morningstar’s Valuation Framework »


    A History of Outperformance

    The Morningstar® Wide Moat Focus IndexSM and Morningstar® Global ex-US Moat Focus IndexSM have outperformed their respective broad markets historically.



    Market Vectors Morningstar Wide Moat ETF



    Market Vectors Morningstar International Moat ETF

    Exposure Type Domestic Exposure International Exposure
    Ticker MOAT®   MOTI
    Underlying Index Morningstar® Wide Moat Focus IndexSM (MWMFTR) Morningstar® Global ex-US Moat Focus IndexSM (MGEUMFUN)
    Inception Date 4/24/2012 7/13/2015
    Gross Expenses 0.51% 0.64%
    Net Expenses 0.49%1   0.56%2  
      MWMFTR Index Reconstitution Report 9/18/15   MGEUMFUN Index Reconstitution Report 9/18/15  
      Learn more »   Learn more »  

    Moat Investor Monthly Blogs

    Receive these monthly blog posts on Morningstar moat philosophy and its impact on MOAT and MOTI.

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    Conference Call

    January 6: Moat Investor Update