VANECK MORNINGSTAR WIDE MOAT FUND

VANECK MORNINGSTAR WIDE MOAT FUND is a mutual fund that seeks to replicate the performance of the Morningstar Wide Moat Focus Index, focusing on U.S. companies with sustainable competitive advantages, known as wide moats, trading at attractive valuations relative to Morningstar's fair value estimates. These moats stem from sources such as intangible assets, switching costs, network effects, cost advantages, and efficient scale, enabling companies to defend profitability against competition over the long term. The fund invests at least 80% of its assets in index components, typically around 40 to 50 holdings, including large, mid, and some small-cap stocks across sectors like information technology, industrials, health care, financials, and consumer discretionary. Powered by Morningstar's rigorous equity research from over 100 global analysts, it employs a passive indexing approach with quarterly rebalancing to maintain alignment. VANECK MORNINGSTAR WIDE MOAT FUND serves as a core equity option for investors targeting quality companies at reasonable prices in the U.S. market.