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Morningstar’s moat investing philosophy aims to identify companies that possess a sustainable competitive advantage that may allow them to earn above average returns on capital over a long period of time. The Strategy seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of indices developed by Morningstar’s equity research team, which is comprised of more than 100 analysts. VanEck offers access to Morningstar’s moat investing strategy through our large cap ETFs and a mutual fund managed by Peter H. Liao and Gregory F. Krenzer.
Photo of Peter Liao, Portfolio Manager
Peter H. Liao, CFA
  • Portfolio Manager for the Morningstar Wide Moat Strategy
  • Investment Management Team member since 2005
  • Quoted in The Wall Street Journal and ETF Trends
  • CFA charterholder; member of the CFA Society New York
  • BA, Mathematics and Economics, New York University

Photo of Gregory Krenzer, Deputy Portfolio Manager
Gregory F. Krenzer, CFA
  • Deputy Portfolio Manager for the Morningstar Wide Moat Strategy
  • Investment Management Team member since 1994
  • CFA charterholder; member of the CFA Society New York
  • BS (Beta Gamma Sigma National Honor Society), Finance (minor in Economics), Syracuse University