VanEck Morningstar Durable Dividend ETF

The fund seeks to replicate the total return performance of the benchmark index, before fees and expenses, by investing in companies in the United States.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

As part of its strategy, the fund employs a passive or indexing investment approach.

Next, the research team invests significantly in securities that comprise the Index.

The Index is designed to track the overall performance of high dividend yielding U.S. companies with superior financial health and attractive valuations.

Then the manager constructs a portfolio of stocks from a list of companies favored by the research team and allocates capital based on its conviction level.

In addition, the fund seeks to replicate the investment performance of the benchmark index, holding each security in approximately the same proportion as its weighting in the Index.

The fund is non-diversified and, therefore, may invest a greater percentage of its net assets in a particular issuer.

Also, the fund may concentrate its investments in a particular industry or group of industries to the extent that the Index concentrates in an industry or group of industries.