SMOT — VanEck Morningstar SMID Moat ETF ☆

VanEck Morningstar SMID Moat ETF (the “Fund”) seeks to track as closely as possible, before fees and expenses, the price and yield performance of the Morningstar ® US Small-Mid Cap Moat Focus Index SM (the “Morningstar US Small-Mid Cap Moat Focus Index” or the “Index”).