VanEck Morningstar US SMID Moat UCITS ETF A is an equity exchange-traded fund that aims to provide exposure to small- and mid-cap United States companies with durable competitive advantages, commonly referred to as 'economic moats.' The ETF tracks the Morningstar US Small-Mid Cap Moat Focus Index, which selects its constituents based on a combination of sustainable competitive strengths and attractive valuations. All holdings in the fund are equally weighted, creating diversified exposure across 103 securities. The fund physically replicates the index by purchasing all its constituents, and it accumulates dividends rather than distributing them, reinvesting returns for compound growth. Major sectors represented include consumer discretionary, technology, and industrials, reflecting the ETF's broad reach across dynamic parts of the U.S. economy. VanEck Morningstar US SMID Moat UCITS ETF A is structured to meet UCITS standards, supporting transparency and investor protection. Its focus on smaller companies with proven resilience and favorable pricing makes it a distinctive vehicle for gaining targeted access to differentiated growth opportunities within the U.S. equity market.