VanEck Morningstar SMID Moat ETF (VanEck Morningstar SMID Moat ET) ETF

The fund normally invests at least 80% of its total assets in securities that comprise the fund’s benchmark index. The index is comprised of small- and medium-capitalization companies as defined by Morningstar, that Morningstar determines have sustainable competitive advantages based on a proprietary methodology that considers quantitative and qualitative factors. It is non-diversified.