DFIC vs MOTI: Grades, Fees and Holdings Compared

Dimensional International Core Equity 2 ETF

DFICACboe

VanEck Morningstar International Moat ETF

MOTIDCboe

Overlap

2.8%by weight

Expense ratio

DFIC −0.36pt a year

DFIC0.22%MOTI0.58%

Avg volume · 30D

DFIC 426.6×the volume

DFIC1.87MMOTI4.38K

3Y return · a year

DFIC +8.3pt

DFIC+19.8%MOTI+11.5%

DFIC vs MOTI Performance

Nov 5, 2025 – Nov 5, 2026

+16.7%DFIC+2.6%MOTI

Expense ratio: DFIC 0.22%, better; MOTI 0.58%
Fund size: DFIC $15.4B; MOTI $75M
1Y total return: DFIC +16.7%, better; MOTI +2.6%
Yield (12M): DFIC 2.56%; MOTI 3.17%, better
Holdings: DFIC 4148; MOTI 56
Avg volume (30D): DFIC 1.87M sh, better; MOTI 4.38K sh
NAV per share: DFIC $37.82; MOTI $37.74
52W range

ETF.net Grade

Pillar letters and Scores for DFIC, MOTI, with each pillar’s weight
Pillar	DFIC	MOTI
Cost30% weight	A98Higher	C43
Mission25% weight	A100Higher	C54
Risk15% weight	B67Higher	D27
Tradability15% weight	A81Higher	D27
Holdings10% weight	A91Higher	C50
Durability5% weight	A90Higher	A70

Rank among International Active Equity funds

How we build Categories ›

Same Category. DFIC and MOTI are both graded against the same 55 International Active Equity funds, so their Grades compare head to head.

International Active Equity⁠

Category · 55 funds

See all 55 ›

DFIC ranks 1st and MOTI 38th of 55 funds in the International Active Equity Category.

Rank 1AAVDEAvantis International Equity ETFScore 87
Rank 1ADFICDimensional International Core Equity 2 ETFScore 87
Rank 3AJIREJPMorgan International Research Enhanced Equity ETFScore 79
Rank 35CPIZInvesco Dorsey Wright Developed Markets Momentum ETFScore 40
Rank 38DMOTIVanEck Morningstar International Moat ETFScore 39
Rank 38DNISMNYLI International Small-Mid Cap Equity ETFScore 39

Our read on each fund

ETF.net Research

DFICADimensional International Core Equity 2 ETF

MOTIDVanEck Morningstar International Moat ETF

In short

DFIC No data

MOTI The international cousin of the US moat trade: Morningstar's analysts flag companies with durable competitive advantages outside America, and the index only buys the ones trading at attractive prices. Roughly 60 names, zero US exposure.

Stated mandate

DFIC No data

MOTI The fund seeks to replicate, before fees and expenses, the price and yield performance of the Morningstar Global Markets ex-US Wide Moat Focus Index.

Why people hold it

DFIC No data

MOTI Two screens, not one: a company needs Morningstar's wide moat rating and an attractive valuation to enter the index. Quality and value, both advertised up front.vaneck.com
About 60 stocks, so each holding actually matters. That is a different animal from ex-US index funds carrying hundreds or thousands of names.
At 0.58% a year it sits just under the median fee in its international peer group, running the same rules-based moat mandate since its 2015 launch.

Worth knowing

DFIC No data

MOTI Concentration cuts both ways: with roughly 60 names, one company's stumble lands harder than it would inside a broad international index fund.
Plain-vanilla rivals cost far less. AVDE and DFIC deliver broad international exposure for under a quarter of a percent.
One of the less-traded funds in its category, so bid-ask spreads can run wider than on the big international index products.

Full DFIC profile⁠

Full MOTI profile⁠

DFIC vs MOTI Holdings

How DFIC and MOTI differ

Overlap by weight

2.8%

Shared holdings make up 72.6% of MOTI and 2.8% of DFIC.

Level by level

Holdings37 in both2.8%
Countryby domicile56.0%
Sector11 Sectors63.4%
Asset classStocks100%

Sector

Sector weights in DFIC and MOTI, widest gap first
Sector	Gap	DFIC	MOTI
Financials	DFIC +16.7 points	21.8%	5.1%
Consumer Staples	MOTI +14.6 points	6.3%	20.9%
Technology	MOTI +10.9 points	8.4%	19.3%
Materials	DFIC +7.7 points	11.0%	3.3%
Energy	DFIC +7.6 points	7.8%	0.2%
Industrials	MOTI +5.0 points	19.3%	24.3%
Utilities	DFIC +3.2 points	3.2%	0.0%
Communication	MOTI +2.5 points	4.1%	6.6%
Health Care	MOTI +1.8 points	7.2%	9.0%
Consumer Discretionary	MOTI +1.7 points	9.4%	11.1%
Real Estate	DFIC +1.6 points	1.6%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in DFIC and MOTI, widest gap first
Country	Gap	DFIC	MOTI
China	MOTI +19.6 points	0.2%	19.8%
Canada	DFIC +11.4 points	11.4%	0.0%
France	MOTI +7.7 points	6.2%	13.9%
Japan	DFIC +7.4 points	24.1%	16.7%
Switzerland	DFIC +6.4 points	8.2%	1.8%
Germany	MOTI +5.9 points	7.4%	13.3%
Netherlands	MOTI +5.7 points	3.6%	9.3%
Italy	DFIC +3.3 points	3.3%	0.0%
Other countries (21)	DFIC +10.4 points	35.5%	25.1%

Outside the US: DFIC 98% developed, 2% emerging. MOTI 78% developed, 22% emerging.

Concentration

Weight in the 10 largest Holdings

DFIC7.0%
MOTI27.4%

Securities held

DFIC4,127
MOTI51

Asset class

DFIC: Stocks
MOTI: Stocks

Holdings

Only in DFIC4,090
In both37
Only in MOTI14

Only in DFIC

4,090 securities, 96.8% of DFIC by weight

Shell PLC1.08%
Asml Holding NV0.97%
Novartis AG Adr0.78%
Totalenergies SE0.74%
Roche Holding AG0.69%
Nestle SA0.68%
Royal Bank of Canada0.65%
Allianz SE0.52%
Toyota Motor Corp0.45%
Banco Bilbao Vizcaya Arge0.43%
Bayer AG0.41%
Deutsche Telekom AG0.40%
Hsbc Holdings PLC0.40%
Bp PLC0.39%
Rolls-Royce Holdings PLC0.39%
Suncor Energy Inc.0.38%
Bhp Group Ltd0.38%
Toronto-Dominion Bank0.37%
Unicredit Spa0.36%
Astrazeneca PLC0.36%
Mitsubishi Ufj Financial0.34%
Basf SE0.34%
Canadian Natural Resource0.33%
Tesco PLC0.32%
Dhl AG0.31%
Advantest Corp0.30%
Hitachi Ltd0.30%
Rio Tinto PLC0.29%
Engie SA0.29%
E.on SE0.29%
Infineon Technologies AG0.28%
Eni Spa0.28%
Recruit Holdings Co Ltd0.28%
Repsol SA0.27%
Orange SA0.27%
Siemens AG0.27%
Muenchener Rueckversicher0.26%
National Bank of Canada0.26%
Intact Financial Corp0.26%
Bhp Group Ltd0.24%
Cenovus Energy Inc0.24%
Zurich Insurance Group AG0.24%
Cie De Saint-Gobain0.23%
Standard Chartered PLC0.23%
Barrick Mining Corp0.23%
Fairfax Financial Holding0.23%
Vinci SA0.23%
Ubs Group AG0.23%
Anheuser-Busch Inbev Sa/N0.23%
Aib Group PLC0.23%

Only in MOTI

14 securities, 26.6% of MOTI by weight

Dassault Systemes Se2.90%
Inner Mongolia Yili Industrial Group Co2.78%
Yum China Holdings Inc2.67%
Shanxi Xinghuacun Fen Wine Factory Co L2.50%
Sf Holding Co Ltd2.41%
Luzhou Laojiao Co Ltd2.27%
Tencent Holdings Ltd2.16%
Alibaba Group Holding Ltd2.11%
Diageo Plc1.39%
Taiwan Semiconductor Manufacturing Co L1.10%
Jd.Com Inc1.09%
Wuliangye Yibin Co Ltd1.08%
Ambev Sa1.08%
Jiangsu Yanghe Brewery Joint-Stock Co L1.03%

Weight gaps

All 37 Holdings in both funds, largest gap first.

Holding weights in DFIC and MOTI, widest gap first
Holding	Gap	DFIC	MOTI
Koninklijke Philips NV	MOTI +2.79 points	<0.01%	2.80%
Relx PLCREL.L	MOTI +2.76 points	<0.01%	2.76%
Sap SE	MOTI +2.75 points	0.09%	2.84%
Siemens Healthineers AG	MOTI +2.73 points	0.07%	2.80%
Wisetech Global Ltd	MOTI +2.61 points	<0.01%	2.61%
Elekta Ab	MOTI +2.60 points	0.02%	2.62%
Endeavour Group Ltd/Austr	MOTI +2.57 points	0.04%	2.61%
Bureau Veritas SA	MOTI +2.49 points	0.08%	2.57%
Pernod Ricard SA	MOTI +2.49 points	0.08%	2.57%
Unicharm Corp	MOTI +2.46 points	0.02%	2.48%
Universal Music Group NV	MOTI +2.46 points	0.04%	2.50%
Spirax Group PLCSPX.L	MOTI +2.46 points	0.03%	2.49%
Zozo Inc	MOTI +2.37 points	0.02%	2.39%
Nintendo Co Ltd	MOTI +2.35 points	0.08%	2.43%
Hensoldt AG	MOTI +2.30 points	0.05%	2.35%
MelroseMRO.L	MOTI +2.29 points	0.05%	2.34%
Edenred	MOTI +2.19 points	0.03%	2.22%
Prosus NV	MOTI +2.16 points	0.05%	2.21%
Thales SA	MOTI +2.15 points	0.07%	2.22%
Adyen NV	MOTI +2.11 points	0.03%	2.14%
Rheinmetall AG	MOTI +1.87 points	0.17%	2.04%
Oriental Land Co Ltd/Japa	MOTI +1.75 points	0.05%	1.80%
Dsm-Firmenich AG	MOTI +1.71 points	0.05%	1.76%
Asx Ltd	MOTI +1.54 points	0.02%	1.56%
Symrise AG	MOTI +1.33 points	0.06%	1.39%
Reckitt Benckiser Group PRKT.L	MOTI +1.25 points	0.17%	1.42%
London Stock Exchange GroLSEG.L	MOTI +1.23 points	0.11%	1.34%
Lasertec Corp	MOTI +1.20 points	0.05%	1.25%
Ferrovial NV	MOTI +1.15 points	0.07%	1.22%
Mtu Aero Engines AG	MOTI +1.11 points	0.13%	1.24%
Hoya Corp	MOTI +1.08 points	0.10%	1.18%
Bae Systems PLCBA.L	MOTI +0.99 points	0.17%	1.16%
Ihi Corp	MOTI +0.98 points	0.05%	1.03%
Disco Corp	MOTI +0.93 points	0.01%	0.94%
Lvmh Moet Hennessy Louis	MOTI +0.93 points	0.19%	1.12%
Sony Group Corp	MOTI +0.91 points	0.33%	1.24%
Tokyo Electron Ltd	MOTI +0.76 points	0.24%	1.00%

All 4,139 DFIC holdings⁠All 55 MOTI holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

DFIC vs MOTI Cost

Overpaying MOTI vs DFIC

$6,895

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

DFIC 0.22%
$4,558
MOTI 0.58%
$11,453

Amount$10,000

Years30 years

Cost over time

DFIC 0.22%
MOTI 0.58%
Overpaying

Year by year

Year	DFIC	MOTI	Overpaying
10	$401	$1,041	$640
20	$1,561	$3,986	$2,425
30	$4,558	$11,453	$6,895

Expense ratio

0.22%DFIC, cheaper
0.58%MOTI

DFIC0.22%MOTI0.58%

0.00%1.49%

Middle half of International Active Equity funds
Median 0.55%

DFIC 2nd cheapest of 55 funds

MOTI 30th cheapest of 55 funds

DFIC vs MOTI Dividends

Last 12 months to Nov 5, 2026

Yield (12M): DFIC 2.56%; MOTI 3.17%, better
Payout (12M): DFIC $0.96; MOTI $1.18
Last payment: DFIC $0.19; MOTI $1.18
Ex-dividend: DFIC Sep 22, 2026; MOTI Dec 22, 2025
Paid on: DFIC Sep 24, 2026; MOTI Dec 26, 2025
Frequency: DFIC Quarterly; MOTI Annual

Distribution history

Per share, 2017 to 2026, same scale for both

DFICQuarterly · 18 paymentsAll DFIC payments⁠

MOTIAnnual · 9 paymentsAll MOTI payments⁠

DFIC vs MOTI Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: DFIC 11.9%, betterMOTI 14.9%
Return per unit of riskSharpe ratio, 3 years: DFIC 1.35, betterMOTI 0.56
Worst fallMax drawdown, 5 years: DFIC −24.4%since Mar 2022MOTI −27.7%
Market sensitivityBeta, 5 years: DFIC 0.92MOTI 0.88; Market = 1

DFIC and MOTI in the news

All news⁠

ETF Filings
Causeway files its first ETFs into a 0.22% to 0.39% category, its own fee blank
Sep 18, 2026DFIC

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DFIC vs MOTI

In short

Stated mandate

Why people hold it

Worth knowing

How DFIC and MOTI differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DFIC

Only in MOTI

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Causeway files its first ETFs into a 0.22% to 0.39% category, its own fee blank

How DFIC and MOTI differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DFIC

Only in MOTI

Weight gaps