VANECK ETF TR MORNINGSTAR WIDE MOAT VALUE ETF

VanEck Morningstar Wide Moat Value ETF (MVAL) 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 IndexSM (MSUBVFGU), which is intended to track the overall performance of attractively priced value-oriented companies with sustainable competitive advantages according to Morningstar's equity research team.