Fund Description

The VanEck Morningstar US Wide Moat UCITS ETF invests in attractively priced companies with sustainable competitive advantages according to Morningstar's equity research team.

• A focus on U.S. companies Morningstar believes possess sustainable competitive advantages, or “moats”
• “Moats” are expected to last for 20 years or longer (switching costs, intangible assets, network effect, cost advantage, efficient scale)
• Index targets companies trading at attractive prices relative to Morningstar’s estimate of fair value
• Index fueled by Morningstar’s forward-looking, rigorous equity research process driven by over 100 analysts globally

Risk Factors: Equity market risk, limited diversification risk, foreign currency risk. Please refer to the

and the Prospectus for other important information before investing.

Underlying Index

Morningstar^®Wide Moat Focus Index™ (MWMFN)