US shares
MOAT
VanEck Morningstar Wide Moat ETF · VanEck
Around 55 mostly-large US companies that Morningstar's analysts judge to have durable competitive advantages and to be trading below their estimated fair value.
What the fee costs you
The management fee is 0.49% a year. Here’s what that works out to in dollars:
A 0.49% yearly fee works out to about $49 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
- US shares
- Number of holdings
- ~55
- Where it invests
- Almost entirely the United States.
- Income paid
- Annually
- Currency hedged
- No — It's unhedged, so for an Australian investor the value also moves with the Australian dollar against the US dollar, on top of the shares themselves.
Its character
A 'wide moat' strategy: it holds US companies with strong, lasting competitive edges, but only when Morningstar rates them as attractively priced — so the line-up shifts as valuations change. More concentrated than a broad US index, at around 55 names.
What to keep in mind
Holding only around 55 companies makes it more concentrated than a broad US market fund, so individual stock picks matter more. All-US and unhedged, so it leans on one market and carries currency movements for an Australian holder.
Figures last verified 2026-06-23against the issuer’s factsheet and PDS.