VanEck Moody's Analytics BBB Corporate Bond ETF MBBB Strategy

The investment seeks to track, as closely as possible, before fees and expenses, the price and yield performance of the MVIS® Moody's Analytics® U.S. BBB Corporate Bond Index. The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The index is comprised of U.S. dollar-denominated corporate bonds issued in the U.S. domestic market that have a BBB rating based on the bond's composite rating, which is an average of ratings from various rating agencies. It is non-diversified.