VanEck Morningstar SMID Moat ETF

VanEck Morningstar SMID Moat ETF is an exchange-traded fund that seeks to track the Morningstar US Small-Mid Cap Moat Focus Index. The fund targets small- and mid-cap companies identified by Morningstar as having durable competitive advantages and attractive valuations, using a rules-based approach built on equity research. It provides diversified exposure to a portfolio of U.S. stocks across sectors such as technology, healthcare, industrials, consumer discretionary, and financial services. The ETF is designed for investors looking for broad participation in the SMID-cap segment while emphasizing companies with so-called moat characteristics, which refer to businesses with potential competitive strength relative to peers. VanEck Morningstar SMID Moat ETF plays a role in the market as a factor-based equity product that combines size exposure with a quality-focused selection methodology.