• 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.

    You can leverage Morningstar’s equity research with two of our large cap core ETFs. VanEck Vectors Morningstar Wide Moat ETF (MOAT) and VanEck Vectors Morningstar International Moat ETF (MOTI) seek to track Morningstar indices that closely monitor valuation.


    MOAT’s Index Outperformed Over Time

    VanEck Vectors Morningstar Wide Moat ETF (MOAT) seeks to track the Morningstar® Wide Moat Focus IndexSM. The index’s approach to investing in U.S. companies with wide economic moats when they are attractively priced has resulted in long-term outperformance versus the broad U.S. equity market.

    Source: Morningstar; FactSet.


    Beating the Benchmark: Record Batting Average

    Moat investing is a long-term strategy and is not intended for tactical allocations. Compared to the S&P 500® Index, the Morningstar Wide Moat Focus Index’s strategy outperformed more frequently through longer holding periods.

    Source: Morningstar; FactSet.

    Batting Average is measured by dividing the number of periods a portfolio or investment strategy outperforms a benchmark by the total number of periods.

    Index performance is not representative of fund performance. Fund performance current to the most recent month-end can be found at www.vaneck.com/moat. Past performance is no guarantee of future results. Effective June 20, 2016, Morningstar implemented several changes to the Morningstar Wide Moat Focus Index construction rules. Among other changes, the index increased its constituent count from 20 stocks to at least 40 stocks and modified its rebalance and reconstitution methodology. These changes may result in more diversified exposure, lower turnover, and longer holding periods for index constituents than under the rules in effect prior to this date. Past performance is no guarantee of future results.

    MOTI’s Proven Process Goes Global

    Morningstar’s proven economic moat and fair valuation research is also available for non-U.S. exposure. VanEck Vectors Morningstar International Moat ETF (MOTI) seeks to replicate as closely as possible, before fees and expense, the price and yield performance of the Morningstar® Global ex-US Moat Focus IndexSM.

    Diverse Global Coverage

    Morningstar’s global equity research team has analysts on the ground in countries on six continents.

    North America and
    South America

    Europe and Africa

    Middle East and Asia Pacific

    Brazil Denmark Australia
    Canada Finland China
    Chile France Dubai
    Mexico Germany Hong Kong
    United States Italy India
    Luxembourg Japan
    The Netherlands Korea
    Norway New Zealand
    The Netherlands Korea
    South Africa Singapore
    Spain Taiwan
    Sweden Thailand
    Switzerland
  • Blog

    Visit our blog to learn more about the Morningstar moat philosophy and how it impacts MOAT and MOTI.

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