MOTI Fees and Costs — VanEck Morningstar International Moat ETF
Data updated: 2026-08-26
The net expense ratio is 0.58%: a 0.50% management fee plus 0.13% other expenses, less a 0.05% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $135K in broker commissions, 0.0727% of average net assets, and portfolio turnover was 110%.
MOTI Fees and Expenses
Annual operating expenses and sales charges of MOTI. Prospectus, as of February 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | — |
| Other expenses | 0.13% |
| Gross expense ratio | 0.63% |
| Fee waiver | −0.05% |
| Net expense ratio | 0.58% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
MOTI Costs Over Time
On $10,000 invested in MOTI, assuming 5% a year before costs, total costs come to $411 over 5 years, cutting the return by 0.69% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.58%) | $61 | $191 | $332 |
| Trading costs (broker commissions) | $8 | $24 | $42 |
| Lost growth on money paid in costs | $0 | $11 | $38 |
| Total costs | $69 | $225 | $411 |
| Value after costs | $10,431 | $11,351 | $12,352 |
| Impact on return, per year | 0.69% | 0.69% | 0.69% |
MOTI Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0727%
- Total broker commissions: $135K
- Bought from dealers (principal trades, not a cost): $73.1M
- Portfolio turnover (prospectus): 110%
- Securities on loan, average value: $17.8M
- Net income from securities lending: $56K (0.030% of average net assets)
MOTI Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $67K | 49.71% |
| UBS Securities LLC | $26K | 19.51% |
| Morgan Stanley & Co. LLC | $25K | 18.68% |
| BofA Securities, Inc. | $11K | 8.45% |
| Citigroup Global Markets Inc. | $5K | 3.65% |
MOTI Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $44.4M | 60.81% |
| J.P. Morgan Securities LLC | $21.9M | 29.98% |
| Jane Street Capital, LLC | $4.2M | 5.79% |
| Virtu Americas LLC | $2.5M | 3.42% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.