VANECK ETF TR VANECK MORNINGSTAR GLOBAL WIDE MOAT ETF

VanEck Vectors Morningstar Global Wide Moat ETF (GOAT®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Morningstar® Global Wide Moat Focus IndexSM, which is intended to track the overall performance of attractively priced global companies with sustainable competitive advantages according to Morningstar's equity research team.