MVAL

VanEck Morningstar Wide Moat Value ETF seeks to track as closely as possible, before fees and expenses, the price and yield performance of the Morningstar US Broad Value Wide Moat Focus Index. The fund invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The index is comprised of equity securities of companies that Morningstar, Inc. determines have sustainable competitive advantages based on a proprietary methodology that considers quantitative and qualitative factors and are attractively priced and weighted according to a modified equal weighting scheme that tilts exposure in favor of pure value companies. It is non-diversified.