Skip to content
etf.net

Launched · SEC filings

VanEck Morningstar Wide Moat ETF

MOATCboeC

$109.31+0.05 (+0.05%)

At close: Oct 13, 2026, 4:00 PM

C54/ 100

Rank 50 of 99 in US Multifactor

C54/100Rank 50 of 99inUS Multifactor
Intraday session: up, 79 prints from 109.26 to 109.31. Range 108.93 to 109.69. Use the arrow keys to read each point.109.00109.40109.6010 AM12 PM2 PM4 PM
Expense ratio
0.46%
Fund size
$11.6B
1Y total return
+13.0%
Yield · Last 12 months
1.28%
Holdings
56
Avg volume · 30D
0.6M sh
NAV per share
$109.28
52W range
low $94.07high $115.58
Launched
Filings
SEC EDGAR

The ETF.net MOAT Grade

C

Score 54 out of 100

Category
US Multifactor⁠
Rank
50 of 99
Six-pillar profile for MOAT. Scores out of 100: Cost 28, Risk 30, Mission 72, Tradability 97, Holdings 46, Durability 84. Strongest: Tradability (97). Weakest: Cost (28). Leans toward Tradability.

Score 54 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D28 out of 100
    Rank 71 of 99

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A72 out of 100
    Rank 60 of 86

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D30 out of 100
    Rank 75 of 97

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A97 out of 100
    Rank 1 of 99

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C46 out of 100
    Rank 65 of 98

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A84 out of 100
    Rank 9 of 99

Our read on MOAT

ETF.net Research

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.

Stated mandate

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

  1. 01Two 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.
  2. 02Running since 2012 and now a multi-billion-dollar fund, so the strategy has been through several full market cycles with real money behind it.
  3. 03Actively traded and among the easier funds in its multifactor peer group to move in and out of at tight spreads.
  4. 04Sticks 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

  1. 010.46% 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.
  2. 02About 60 names, chosen on valuation. That is a portfolio built to look different from the broad market, in both directions.
  3. 03Distributions come annually or semiannually, so it isn't built as a regular income stream.

MOAT Holdings

As of Oct 13, 2026
Asset class
Stocks
Holdings
56
Top-10 weight
26%
Largest holding
META2.9%

Sectors

  • Technology29.4%
  • Consumer Staples20.1%
  • Consumer Discretionary14.7%
  • Health Care13.6%
  • Industrials11.6%
  • Communication5.7%
  • Financials5.0%

Geography

  • United States97.29%
  • Uruguay1.39%
  • Netherlands1.32%
The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001METAMeta Platforms Inc2.94%471,585$339M704
002MSFTMicrosoft Corp2.90%624,477$334M815
003DHRDanaher Corp2.76%1,448,612$318M331
004ELEstee Lauder Cos Inc/The2.57%3,022,242$296M283
005NVDANvidia Corp2.57%1,289,607$296M847
006TSCOTractor Supply Co2.55%8,733,121$294M286
007LPLALpl Financial Holdings Inc2.55%888,539$294M193
008BRBroadridge Financial Solutions Inc2.53%1,762,926$292M314
009BF.BBrown-Forman Corp2.44%10,637,546$281M202
010TYLTyler Technologies Inc2.43%851,478$281M226
011SCHWCharles Schwab Corp/The2.42%2,889,246$279M393
012GEHCGe Healthcare Technologies Inc2.42%4,236,132$278M308
013MDLZMondelez International Inc2.41%4,603,971$278M372
014KVUEKenvue Inc2.39%15,587,663$276M261
015ZTSZoetis Inc2.38%3,670,808$275M341

Showing 1–15 of 56 holdings

MOAT Performance

Launched Apr 24, 2012

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

MOAT$11,299
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. MOAT $11,299. SPY $12,044. Use the arrow keys to read each point.$9,566$10,905$12,244Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 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.

Trailing total return for MOAT. Periods over one year show the average yearly return.
PeriodMOAT
Year to date+5.5%
1 month+0.7%
3 months+2.8%
1 year+13.0%
3 yearsper year+14.7%
5 yearsper year+9.2%
10 yearsper year+14.0%

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for MOAT
YearReturn barMOAT
2026 YTD+5.5%
2025+13.2%
2024+10.7%
2023+31.9%
2022−13.6%
2021+24.1%
2020+14.8%

MOAT in the news

Filtered to MOAT · US Multifactor

MOAT Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 12, 2026.
1.28%Last 12 months
Payout per share
$1.40Last 12 months
Last payment
$1.40 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2017–2026

One bar per payment. 9 payments from 2017 to 2026 YTD. Dec 18, 2017 $0.46; Dec 20, 2018 $0.74; Dec 23, 2019 $0.72; Dec 21, 2020 $0.90; Dec 20, 2021 $0.82; Dec 19, 2022 $0.81; Dec 18, 2023 $0.73; Dec 23, 2024 $1.27; Dec 22, 2025 $1.40. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 22, 2025Dec 26, 2025$1.40
Dec 23, 2024Dec 24, 2024$1.27
Dec 18, 2023Dec 22, 2023$0.73
Dec 19, 2022Dec 23, 2022$0.81
Dec 20, 2021Dec 27, 2021$0.82
Dec 21, 2020Dec 28, 2020$0.90
Dec 23, 2019Dec 30, 2019$0.72
Dec 20, 2018Dec 27, 2018$0.74
Dec 18, 2017Dec 22, 2017$0.46
Dec 19, 2016Dec 23, 2016$0.41
Dec 21, 2015Dec 28, 2015$0.62
Dec 22, 2014Dec 29, 2014$0.42

MOAT Risk

How much the fund’s monthly returns vary, scaled to a year.
14.8%
Annualised · 36 months to Sep 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
0.60
vs 3-month T-bills · to Sep 2026
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.

The largest fall from a peak to the low that followed.
−23.9%
Trough Oct 2022
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.

How strongly the fund’s returns move with its asset-class index.
0.92
vs its asset-class index
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

Expense ratio0.46%
  • The middle half of US Multifactor funds
  • Median 0.30%

71 of the 99 US Multifactor funds charge less.

MOAT costs $46.00 a year on $10,000. The median US Multifactor fund costs $30.00.

Other funds in US Multifactor

See others