VanEck Morningstar Wide Moat ETF
$108.06−0.85 (−0.78%)
- Expense ratio
- 0.46%
- Fund size
- $11.6B
- 1Y return
- +11.4%
- Yield · Last 12 months
- 1.29%
- Holdings
- 58
- Volume · 30D
- 0.7M sh
- NAV per share
- $108.59
- 52W range
The ETF.net MOAT Grade
Score 54 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.DScore 28Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 73Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 32Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 96Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 44Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 85Category rank
Our read on MOAT
CAnalyst judgment, not just a formula. MOAT holds about 60 US companies that Morningstar's equity research flags as having durable competitive advantages, and it only buys the ones the research also calls attractively priced.
MOAT seeks to replicate the price and yield performance of the Morningstar Wide Moat Focus Index, which targets attractively priced companies with sustainable competitive advantages identified through Morningstar equity research.
Why people hold it
- Two gates, not one: a company needs a sustainable competitive advantage from Morningstar's research and an attractive price. Quality alone doesn't earn a slot.
- Running since 2012 and now a multi-billion-dollar fund, so the strategy has been through several full market cycles with real money behind it.
- Actively traded and among the easier funds in its multifactor peer group to move in and out of at tight spreads.
- Sticks to its stated job: a US equity index fund built on the quality-plus-value screen it advertises, sitting in the upper half of a 100-plus fund cohort.
Worth knowing
- 0.46% a year is real money next to plain value beta: VONV charges 0.06% and VYM 0.04%. Analyst-driven research carries a price tag.
- About 60 names, chosen on valuation. That is a portfolio built to look different from the broad market, in both directions.
- Distributions come annually or semiannually, so it isn't built as a regular income stream.
MOAT Holdings
- Stocks
- 58
- 27%
- VEEV
Sectors
- Technology33.8%
- Cons. Staples16.9%
- Health Care16.2%
- Consumer Discr.11.0%
- Financials10.1%
- Industrials6.3%
- Communication2.6%
- Materials2.4%
- Real Estate0.7%
Geography
- United States97.43%
- Uruguay1.32%
- Netherlands1.25%
MOAT Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
MOAT$11,136
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | MOAT |
|---|---|
| Year to date | +5.2% |
| 1 month | −4.8% |
| 3 months | +7.8% |
| 1 year | +11.4% |
| 3 years | +14.0% |
| 5 years | +9.3% |
| 10 years | +13.7% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | MOAT |
|---|---|---|
| 2026 YTD | +5.2% | |
| 2025 | +13.2% | |
| 2024 | +10.7% | |
| 2023 | +31.9% | |
| 2022 | −13.6% | |
| 2021 | +24.1% | |
| 2020 | +14.8% |
MOAT in the news
MOAT Dividends
- 1.29%
- $1.40
- $1.40 per share
- Annual
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Dec 22, 2025 | Dec 26, 2025 | $1.40 |
| Dec 23, 2024 | Dec 24, 2024 | $1.27 |
| Dec 18, 2023 | Dec 22, 2023 | $0.73 |
| Dec 19, 2022 | Dec 23, 2022 | $0.81 |
| Dec 20, 2021 | Dec 27, 2021 | $0.82 |
| Dec 21, 2020 | Dec 28, 2020 | $0.90 |
| Dec 23, 2019 | Dec 30, 2019 | $0.72 |
| Dec 20, 2018 | Dec 27, 2018 | $0.74 |
| Dec 18, 2017 | Dec 22, 2017 | $0.46 |
| Dec 19, 2016 | Dec 23, 2016 | $0.41 |
| Dec 21, 2015 | Dec 28, 2015 | $0.62 |
| Dec 22, 2014 | Dec 29, 2014 | $0.42 |
MOAT Risk
- 14.4%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.67
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −23.9%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.90
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
MOAT Cost
0.46%
MOAT0.46%
- The middle half of US Multifactor funds
- Median 0.30%
70 of the 98 US Multifactor funds charge less.