Marketing Communication
Discover VanEck’s Moat ETF Suite
The ETFs are based on a simple concept: Invest in companies with sustainable competitive advantages normally trading at attractive valuations. Over time, these companies seem well positioned to generate superior returns than the broader market. Morningstar’s forward-looking equity research turns the moat philosophy into an actionable investment strategy. This strategy is accessible through four ETFs from VanEck and could be considered for a US or global equity allocation.
VanEck Morningstar US Wide Moat UCITS ETF
- Exposure: U.S. Moat Stocks
- Sector and style agnostic strategy that identifies undervalued US stock according to Morningstar analysts
- Equal weighted approach to enforce diversification
- Please be aware of risks, including the risk of investing in US stocks
MOTU
ETF Details
ETF Details
Basis-Ticker:MOTUISIN:IE0007I99HX7
TER:0.46%
AUM:$50.0 M (as of 06-02-2026)
SFDR Classification:Article 6
Lower risk
Higher risk
Typically lower reward
Typically higher reward
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VanEck Morningstar US ESG Wide Moat UCITS ETF
- Exposure: U.S. Moat Stocks
- Sector agnostic strategy that identifies valuation opportunities across the market
- Avoids concentration on few megacaps
- ESG screening applied
- Please be aware of risks, including the risk of investing in US stocks
MOAT
ETF Details
ETF Details
Basis-Ticker:MOATISIN:IE00BQQP9H09
TER:0.49%
AUM:$393.4 M (as of 06-02-2026)
SFDR Classification:Article 8
Lower risk
Higher risk
Typically lower reward
Typically higher reward
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VanEck Morningstar US SMID Moat UCITS ETF
- Exposure: U.S. Moat Stocks
- Sector and style agnostic strategy focusing on Small and Mid-cap stocks
- Attractively valued stocks by Morningstar with competitive advantages
- Please be aware of risks, including the risk of investing smaller companies
SMOT
ETF Details
ETF Details
Basis-Ticker:SMOTISIN:IE000SBU19F7
TER:0.49%
AUM:$17.2 M (as of 06-02-2026)
SFDR Classification:Article 6
Lower risk
Higher risk
Typically lower reward
Typically higher reward
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VanEck Morningstar Global Wide Moat UCITS ETF
- Exposure: Global Moat Stocks
- Rules-based picks across global markets, based on valuation opportunities
- Includes both developed and emerging markets
- Please be aware of risks, including the risk of investing in equities
GOAT
ETF Details
ETF Details
Basis-Ticker:GOATISIN:IE00BL0BMZ89
TER:0.52%
AUM:$170.3 M (as of 06-02-2026)
SFDR Classification:Article 6
Lower risk
Higher risk
Typically lower reward
Typically higher reward
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Sources of Economic Moats Found in Our Moat ETFs
Economic moats are sustainable competitive advantages that are expected to allow companies to fend off competition and sustain profitability into the future. Morningstar has identified five sources of economic moats, reflected in this Fund.
Switching Costs
Intangible Assets
Network Effect
Cost Advantage
Efficient Scale
The Philosophy Behind the Strategy
The moat investing philosophy, powered by Morningstar’s equity research, brings together its Economic Moat Rating and its forward-looking Fair Value Estimate. The combination of these two elements drives the choice of the companies included in the VanEck's Moat ETF.
Proven Long-Term Outperformance of Moat ETF
Applying Morningstar’s moat investing philosophy to global companies has historically generated excess returns relative to the broad global equity markets. Strong stock selection has been a primary driver of excess returns since 2018 for this long-term, core investment strategy.
Source: Morningstar.
Applying Morningstar’s moat investing philosophy to U.S. companies has historically generated excess returns relative to the broad U.S. equity markets.
Source: Morningstar.
U.S. Wide Moat stocks rigorously screened to reduced Sustainability risk using the data from Sustainalytics and historically generating outperformance to the broad U.S. equity markets.
Source: Morningstar.
A focused approach to SMID (Small-Mid) cap U.S. equity investing based on a simple concept of accessing companies with long-term competitive advantages trading at attractive valuations.
Source: Morningstar.
Morningstar Analyst Team
Morningstar’s equity research team of more than 100 analysts covers over 1,500 companies globally. More than 200 asset managers and 75,000 financial advisors rely on Morningstar’s research. All of Morningstar’s equity analysts follow a single, consistent research methodology that has been rigorously applied to determine which companies to include in VanEck's Moat ETFs.
Fundamental Analysis
Analyst conducts company and industry research, which may include financial statement analysis, trade show visits, industry reports, site visits and conference calls.
Economic Moat Rating
Analyst assesses the strength of the company’s competitive advantage, or moat, assigning a rating of None, Narrow, or Wide.
Company Valuation
Analyst considers past financial results, competitive position, and future prospects to forecast the company’s cash flows. Assumptions are entered into proprietary discounted cash flow model.
Fair Value Estimate
Using Morningstar’s proprietary discounted cash flow model, the analyst develops a Fair Value Estimate, which represents the intrinsic value of that company.
Main Risk Factors of a Moat ETF
The Fund may invest a relatively high percentage of its assets in a smaller number of issuers or may invest a larger proportion of its assets in a single issuer. As a result, the gains and losses on a single investment may have a greater impact on the Fund's Net Asset Value and may make the Fund more volatile than more diversified funds.
The prices of the securities in the Fund are subject to the risks associated with investing in the securities market, including general economic conditions and sudden and unpredictable drops in value. An investment in the Fund may lose money.
Because all or a portion of the Fund are being invested in securities denominated in foreign currencies, the Fund’s exposure to foreign currencies and changes in the value of foreign currencies versus the base currency may result in reduced returns for the Fund, and the value of certain foreign currencies may be subject to a high degree of fluctuation.
The securities of smaller companies may be more volatile and less liquid than the securities of large companies. Smaller companies, when compared with larger companies, may have a shorter history of operations, fewer financial resources, less competitive strength, may have a less diversified product line, may be more susceptible to market pressure and may have a smaller market for their securities.
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