Morningstar - Q1 2020 - 16

Moat Investing, Powered by Morningstar

®

MOAT ® VanEck Vectors Morningstar Wide Moat ETF
MOTI® VanEck Vectors Morningstar International Moat ETF
®
GOAT VanEck Vectors Morningstar Global Wide Moat ETF
MWMZX | MWMIX VanEck Morningstar Wide Moat Fund

Call us at 800.826.2333

vaneck.com/moatinvesting

Morningstar, Inc. does not sponsor, endorse, issue, sell, or promote the VanEck Vectors Morningstar Wide Moat ETF, VanEck Morningstar Wide Moat Fund, VanEck Vectors Morningstar International Moat
ETF or VanEck Vectors Morningstar Global Wide Moat ETF and bears no liability with respect to the ETFs or any security. Morningstar® is a registered trademark of Morningstar, Inc.
An investment in the VanEck Vectors Morningstar Wide Moat ETF (MOAT®), VanEck Vectors Morningstar International Moat ETF (MOTI®), VanEck Vectors Morningstar Global Wide Moat ETF (GOAT®)
and VanEck Morningstar Wide Moat Fund (the "Funds") may be subject to risks which include, among others, investing in the health care, consumer discretionary, consumer staples, industrials,
telecommunications, information technology, financial services, medium-capitalization companies, equity securities, market, operational, high portfolio turnover, index tracking and data, emerging
market issuers, special risk considerations of investing in European and Asian issuers, depositary receipts, cash transactions, underlying fund, new fund, market, operational, high portfolio turnover, index
tracking, authorized participant concentration, no guarantee of active trading market, trading issues, replication management, passive management, fund shares trading, premium/discount risk and
liquidity of fund shares, non-diversified, and concentration risks, which may make these investments volatile in price or difficult to trade. Medium-capitalization companies may be subject to elevated risks.
Foreign investments are subject to risks, which include changes in economic and political conditions, foreign currency fluctuations, changes in foreign regulations, and changes in currency exchange
rates which may negatively impact the Fund's returns.
MOAT, MOTI and GOAT Fund shares are not individually redeemable and will be issued and redeemed at their net asset value (NAV) only through certain authorized broker-dealers in large, specified
blocks of shares called "creation units" and otherwise can be bought and sold only through exchange trading. Shares may trade at a premium or discount to their NAV in the secondary market. You will
incur brokerage expenses when trading Fund shares in the secondary market. Past performance is no guarantee of future results.
Investing involves substantial risk and high volatility, including possible loss of principal. An investor should consider the investment objective, risks, charges and expenses of the Fund carefully before
investing. To obtain a prospectus and summary prospectus, which contain this and other information, call 800.826.2333 or visit vaneck.com. Please read the prospectus and summary prospectus carefully
before investing.
Van Eck Securities Corporation, Distributor, 666 Third Avenue, New York, NY 10017
http://www.vaneck.com/moatinvesting http://www.vaneck.com
Morningstar - Q1 2020

Table of Contents for the Digital Edition of Morningstar - Q1 2020
