Global shares
GOAT
VanEck Morningstar International Wide Moat ETF · VanEck
Around 67 international companies that Morningstar's analysts judge to have durable competitive advantages and to be trading at reasonable prices.
What the fee costs you
The management fee is 0.55% a year. Here’s what that works out to in dollars:
A 0.55% yearly fee works out to about $55 a year per $10,000 invested.
A rough guide based on the headline fee only. Other costs (such as brokerage or buy/sell spreads) aren’t included.
The basics
- Issuer
- VanEck
- Asset class
- Global shares
- Number of holdings
- ~67
- Where it invests
- Global developed markets — the US is the largest single country, but the mix is more spread across Europe and Japan than a typical world fund.
- Income paid
- Annually
- Currency hedged
- No — It's unhedged, so for an Australian investor the value also moves with the Australian dollar against foreign currencies, on top of the shares themselves.
Its character
The international counterpart to VanEck's US wide-moat fund: it applies the same 'strong, lasting competitive edge at a fair price' screen, but ranges across Europe, Japan and the US, giving a more even spread of countries and sectors than most global funds.
What to keep in mind
Around 67 companies makes it more concentrated than a broad world index, so individual picks matter more, though it's spread across several countries. Unhedged, so currency movements feed through for an Australian holder.
Figures last verified 2026-06-23against the issuer’s factsheet and PDS.