The VanEck Morningstar International Moat ETF (MOTI) is engineered to closely track, before any associated fees and costs, the price and income returns of the Morningstar Global Markets ex-US Wide Moat Focus Index (MSGXUMNU). This benchmark is specifically designed to encompass non-U. S. corporations identified by Morningstar's equity research analysts as possessing robust and enduring competitive advantages (known as "wide moats") and currently deemed to be attractively valued.