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VanEck Vectors Morningstar Wide Moat ETF

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GOAT
VanEck Vectors Morningstar Global Wide Moat ETF

Fund Description

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 Index^SM(MSGWMFNU), which is intended to track the overall performance of attractively priced global companies with sustainable competitive advantages according to Morningstar's equity research team.

Fund Ticker
GOAT
Exchange
NYSE Arca
Commencement
10/30/2018
ETF Structure
Physical
Administrator
Van Eck Associates
Custodian
Bank of New York Mellon
Index Ticker
MSGWMFNU
Index Reconstitution
Semi-Annually, Staggered Quarterly

as of 09/17/19

30-Day SEC Yield¹
1.83%
Total Net Assets
$5.8M
Number of Holdings
73
Options
Expected
Gross Expense Ratio²
0.56%
Net Expense Ratio/TER²
0.52%
Distribution Frequency
Annual
Next Distribution Date
12/20/19

Key Points

Wide Moat Companies

A focus on global companies Morningstar believes possess sustainable competitive advantages, or “moats”

Focus on Valuations
Index targets companies trading at attractive prices relative to Morningstar’s estimate of fair value

Morningstar’s Equity Research
Index fueled by Morningstar’s forward-looking, rigorous equity research process driven by over 100 analysts globally

Trading Information

Fund Ticker
GOAT
Index Total Return Ticker
MSGWMFNU
NAV
GOATNV
Intraday NAV (IIV)⁴
GOATIV
Shares Outstanding
200,000
Estimated Cash
GOATEU
Total Cash
GOATTC
CUSIP
92189F122

Source: Bloomberg

Fees and Expenses²

Management Fee
0.45%
Other Expenses
0.11%
Gross Expense Ratio
0.56%
Fee Waivers and
Expense Reimbursement
-0.04%
Net Expense Ratio/TER²
0.52%

²Expenses for GOAT are capped contractually at 0.52% until February 1, 2020. Cap excludes acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses.

Prices as of 09/17/19

	NAV/ Last Price	Volume 30-Day Avg./ Last Trading Day	Daily Change NAV/ Last Price	YTD Change NAV/ Last Price	Premium/ Discount	Prem/Discount Distribution Charts	NAV & Prem/Discount History	NAV Chart
GOAT	$29.04 $29.12	567 50	$0.15 / +0.50% $0.16 / +0.57%	+18.12% +18.51%	$0.08 0.28%

Performance History: Average Annual Total Returns* (%)
View All ETFs View All Indices

Month End as of 08/31/19
Quarter End as of 06/30/19

	1 MO	3 MO	YTD	1 YR	3 YR	5 YR	10 YR	LIFE 10/30/18
GOAT (NAV)	-1.08	6.55	15.39	--	--	--	--	12.61
GOAT (Share Price)	-0.87	6.44	15.71	--	--	--	--	12.88
MSGWMFNU (Index)^**	-1.15	6.32	15.50	3.83	--	--	--	12.94
Performance Differential (NAV - Index)	0.07	0.23	-0.11	--	--	--	--	-0.33

	1 MO	3 MO	YTD	1 YR	3 YR	5 YR	10 YR	LIFE 10/30/18
GOAT (NAV)	6.61	4.26	15.46	--	--	--	--	12.68
GOAT (Share Price)	6.44	4.18	15.71	--	--	--	--	12.88
MSGWMFNU (Index)^**	6.32	4.19	15.50	8.90	--	--	--	12.94
Performance Differential (NAV - Index)	0.29	0.07	-0.04	--	--	--	--	-0.26

*Returns less than one year are not annualized.
**Index inception date: 04/23/2018

The table presents past performance which is no guarantee of future results and which may be lower or higher than current performance. Returns reflect temporary contractual fee waivers and/or expense reimbursements. Had the ETF incurred all expenses and fees, investment returns would have been reduced. Investment returns and ETF share values will fluctuate so that investors' shares, when redeemed, may be worth more or less than their original cost. ETF returns assume that dividends and capital gains distributions have been reinvested in the Fund at NAV.

The "Net Asset Value" (NAV) of a VanEck Vectors Exchange Traded Fund (ETF) is determined at the close of each business day, and represents the dollar value of one share of the fund; it is calculated by taking the total assets of the fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV is not necessarily the same as the ETF 's intraday trading value. VanEck Vectors ETF investors should not expect to buy or sell shares at NAV.

Top 10 Holdings (%) as of 08/31/19 Daily Holdings

Total Holdings: 73

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full data

	Holding Name	Ticker	Shares	Market Value (US$)	% of Net Assets
	Kla Corp	KLAC US	971	143,611	2.53
	Essilorluxottica Sa	EL FP	947	140,103	2.47
	Western Union Co/The	WU US	5,714	126,394	2.23
	Facebook Inc	FB US	678	125,884	2.22
	Mcdonald's Corp	MCD US	568	123,807	2.18
	Microsoft Corp	MSFT US	897	123,660	2.18
	Walt Disney Co/The	DIS US	898	123,259	2.17
	Alphabet Inc	GOOGL US	103	122,625	2.16
	Yum China Holdings Inc	YUMC US	2,681	121,798	2.15
	Medtronic Plc	MDT US	1,112	119,974	2.11
Top 10 Total (%)					22.40

These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 08/31/19

Country
% of Net Assets
■
United States
61.75
■
United Kingdom
7.76
■
Canada
5.84
■
France
5.37
■
Australia
3.67
■
Japan
3.62
■
China
3.17
■
Switzerland
3.08
■
Mexico
2.70
■
Belgium
2.03
■
Denmark
0.98
■
Other/Cash
0.03

Sector Weightings (%) as of 08/31/19

Sector
% of Net Assets
■
Health Care
17.6
■
Consumer Staples
16.6
■
Industrials
14.7
■
Information Technology
14.0
■
Consumer Discretionary
13.2
■
Financials
10.7
■
Communication Services
6.8
■
Energy
3.7
■
Utilities
1.0
■
Materials
0.9
■
Real Estate
0.8
■
Other/Cash
0.0

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