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VanEck Morningstar Global Wide Moat ETF (GOAT) is an exchange-traded fund that seeks to track the performance of global companies identified as having durable competitive advantages. The ETF is managed by VanEck and trades under the ticker GOAT on NYSE Arca.
Classified as a global equity ETF, GOAT aims to reflect, before fees and expenses, the performance of the Morningstar Global Wide Moat Focus Index.
The fund follows a passive management strategy, maintaining a portfolio designed to replicate the composition and weighting methodology of its benchmark index, which selects companies considered to have sustainable competitive advantages.
The Morningstar Global Wide Moat Focus Index consists of global companies that, according to Morningstar’s proprietary methodology, exhibit characteristics associated with sustained economic value creation and competitive positioning within their respective industries.
The selection process combines qualitative and quantitative criteria. Securities are weighted according to predefined index rules, with periodic reviews that may result in rebalancing, additions, or removals.
Diversification and sector exposure
GOAT provides exposure to global companies across multiple sectors, including:
Information technology.
Health care.
Consumer discretionary.
Communication services.
Financials.
Industrials.
This composition reflects companies operating across various regions and segments of the global economy.
Structure and costs
GOAT shares are traded on the secondary market. Creation and redemption of shares are carried out by authorized participants, a mechanism designed to help keep the ETF’s market price aligned with its net asset value (NAV).
The fund charges a management fee and does not apply a performance fee. GOAT may make periodic income distributions derived from dividends paid by the underlying holdings.
History and evolution of the ETF
VanEck Morningstar Global Wide Moat ETF was launched during a period of growing interest in investment strategies focused on structural competitive advantages and long-term economic fundamentals.
Over time, the fund has maintained its index replication approach, adjusting its portfolio in line with periodic index reviews. Between 2020 and 2024, GOAT reflected global market movements amid macroeconomic shifts, heightened volatility, and structural changes across multiple sectors.
