VanEck: Time for Quality...and Gold

You are receiving this email as a registered member of Morningstar.com and have asked to receive features, products and services from third party companies. This is a paid advertisement from the sponsor. {{my.inbox preview}} [VanEck Homepage]( [MOAT’s Quiet Dominance]( A focus on attractively-priced, quality businesses that have established advantages built to last may help US equity investors navigate an uncertain path forward in 2023. Morningstar’s moat investing philosophy does just that and is one of the reasons why VanEck Morningstar Wide Moat ETF (MOAT) has quietly beat the S&P 500 over the past decade. [Read Blog]( [Is International Back?]( Investing in quality moats is not limited to the US. While many investors have ignored international stocks for much of the last fifteen years, tighter financial conditions, declining corporate earnings, and relatively high valuations have clouded the outlook for US equities. VanEck Morningstar International Moat ETF (MOTI) helps investors diversify beyond the US, position for US dollar weakness, and look for high quality companies, that are attractively valued. [Read Blog]( [Investing Smarter in SMID-Caps]( Active managers often tout their ability to extract alpha in the small- and mid-cap (SMID-cap) space due to the lack of analyst coverage and sheer size of the universe. However, the numbers tell a different story, particularly in the small-cap universe where 65% of active managers underperformed their benchmark over 3-year periods, 76% over 5-year periods, and 95% over 10-year periods.1 Powered by Morningstar’s research, VanEck Morningstar SMID Moat ETF (SMOT) provides investors exposure to SMID-cap stocks that Morningstar believes can fend off competitors to maintain long-term profitability—without overpaying. [Read Blog]( [Gold Payday on Fed’s Gamble]( Gold has been hovering just below all-time highs this year, and a Fed pause may be gold positive – potentially driving the price even higher. [Read Blog]( [The New Paradigm and Why Gold and Bitcoin Are Rallying]( “I don’t want to be over-dramatic, but we should question the whole structure of the commercial banking system," CEO Jan van Eck said on a recent episode of the [On the Margin podcast](. How did he arrive at this idea, and what does this mean for investors? In an environment where higher inflation, confusing monetary conditions, and record levels of debt seem poised to linger, diversification takes on even greater importance—but where should investors look to diversify their portfolios? [Watch Now]( [Subscribe to VanEck Investment Insights]( Get market insights when they matter. Don't miss out on the latest investment trends - subscribe to receive VanEck Investment Insights. [Subscribe Now]( Follow Us [LinkedIn]( [Twitter]( [Instagram]( [YouTube]( [Spotify]( [facebook]( IMPORTANT DISCLOSURES 1 As of December 31, 2022. Source: [S&P Global’s 2022 Spiva Report]( For Financial Professionals Only. Not for Retail Distribution. This is not an offer to buy or sell, or a recommendation to buy or sell any of the securities/financial instruments mentioned herein. The information presented does not involve the rendering of personalized investment, financial, legal, or tax advice. Certain statements contained herein may constitute projections, forecasts and other forward looking statements, which do not reflect actual results, are valid as of the date of this communication and subject to change without notice. Information provided by third party sources are believed to be reliable and have not been independently verified for accuracy or completeness and cannot be guaranteed. VanEck does not guarantee the accuracy of third party data. The information herein represents the opinion of the author(s), but not necessarily those of VanEck or its employees. An investment in the VanEck Morningstar Wide Moat ETF (MOAT) may be subject to risks which include, among others, investing in equity securities, consumer discretionary, consumer staples, financials, health care, industrials and information technology sectors, medium-capitalization companies, market, operational, index tracking, authorized participant concentration, no guarantee of active trading market, trading issues, passive management, fund shares trading, premium/discount risk and liquidity of fund shares, non-diversification and concentration risks, which may make these investments volatile in price or difficult to trade. Medium-capitalization companies may be subject to elevated risks. An investment in the VanEck Morningstar SMID Moat ETF (SMOT) may be subject to risks which include, among others, equity securities, small- and medium-capitalization companies, consumer discretionary sector, financials sector, health care sector, industrials sector, information technology sector, market, operational, index tracking, authorized participant concentration, new fund, absence of prior active market, trading issues, passive management, fund shares trading, premium/discount and liquidity of fund shares, non-diversified, and concentration risks, all of which may adversely affect the Fund. Small- and medium-capitalization companies may be subject to elevated risks. An investment in the VanEck Morningstar International Moat ETF (MOTI) may be subject to risks which include, among others, risks related to investing in equity securities, communication services sector, consumer discretionary sector, financials sector, information technology sector, health care sector, medium-capitalization companies, foreign securities, foreign currency, emerging market issuers, special risk considerations of investing in Asian, Chinese, European and United Kingdom issuers, depositary receipts, cash transactions, market, operational, high portfolio turnover, index tracking, authorized participant concentration, no guarantee of active trading market, trading issues, passive management, fund shares trading, premium/discount risk and liquidity of fund shares, non-diversification and index-related concentration risks, all of which may adversely affect the Fund. Emerging market issuers and foreign securities may be subject to securities markets, political and economic, investment and repatriation restrictions, different rules and regulations, less publicly available financial information, foreign currency and exchange rates, operational and settlement, and corporate and securities laws risks. Medium-capitalization companies may be subject to elevated risks. Gold investments are subject to the risks associated with concentrating its assets in the gold industry, which can be significantly affected by international economic, monetary and political developments. Investments in gold may decline in value due to developments specific to the gold industry. Foreign gold security investments involve risks related to adverse political and economic developments unique to a country or a region, currency fluctuations or controls, and the possibility of arbitrary action by foreign governments, or political, economic or social instability. Gold investments are subject to risks associated with investments in U.S. and non-U.S. issuers, commodities and commodity-linked derivatives, commodities and commodity-linked derivatives tax, gold-mining industry, derivatives, emerging market securities, foreign currency transactions, foreign securities, other investment companies, management, market, non-diversification, operational, regulatory, small- and medium-capitalization companies and subsidiary risks. Investing in cryptocurrencies comes with a number of risks, including volatile market price swings or flash crashes, market manipulation, and cybersecurity risks. In addition, cryptocurrency markets and exchanges are not regulated with the same controls or customer protections available in equity, option, futures, or foreign exchange investing. There is no assurance that a person who accepts a cryptocurrency as payment today will continue to do so in the future. The S&P 500 Index consists of 500 widely held common stocks covering the leading industries of the U.S. economy. The S&P 500 Index is a product of S&P Dow Jones Indices LLC and/or its affiliates and has been licensed for use by Van Eck Associates Corporation. Copyright © 2023 S&P Dow Jones Indices LLC, a division of S&P Global, Inc., and/or its affiliates. All rights reserved. Redistribution or reproduction in whole or in part are prohibited without written permission of S&P Dow Jones Indices LLC. For more information on any of S&P Dow Jones Indices LLC’s indices please visit [(. S&P® is a registered trademark of S&P Global and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC. Neither S&P Dow Jones Indices LLC, Dow Jones Trademark Holdings LLC, their affiliates nor their third party licensors make any representation or warranty, express or implied, as to the ability of any index to accurately represent the asset class or market sector that it purports to represent and neither S&P Dow Jones Indices LLC, Dow Jones Trademark Holdings LLC, their affiliates nor their third party licensors shall have any liability for any errors, omissions, or interruptions of any index or the data included therein. Investing involves substantial risk and high volatility, including possible loss of principal. An investor should consider the investment objective, risks, charges and expenses of the Fund carefully before investing. To obtain [a prospectus and summary prospectus]( which contain this and other information, call [800.826.2333]( or visit [vaneck.com/etfs](. Please read the [prospectus and summary prospectus]( carefully before investing. 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