• Sustainable Competitive Advantages

    The 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.


    MOAT and MOTI

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



    Fund

    MOAT
    VanEck Vectors Morningstar Wide Moat ETF

    MOTI
    VanEck 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 6/17/16
    MGEUMFUN Index Reconstitution Report 6/17/16
    Learn more » Learn more »

    Moat Investing Monthly Blog

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

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    Conference Call

    October 4: Quarterly Moat Investing Call

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    VIDEOS