TDIV
VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF

Growth of hypothetical €100 investment as of 27 Jan 2023

3 Months|

6 Months|

1 Year|

3 Years|

5 Years|

Since inception
23 May 2016

	TO

Performance History* (%)

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Month End as of 31 Dec 2022
Quarter End as of 31 Dec 2022
Calendar Year as of 31 Dec 2022

	1 MO*	3 MO*	YTD*	1 YR	3 YR	5 YR	10 YR	ETF INCEPTION
ETF	-2.03	10.94	15.77	15.77	9.63	8.33	--	9.33
MSDMDLGE (Index)	-1.97	11.25	16.58	16.58	10.13	8.86	--	9.92
Performance differential (ETF – Index)	-0.06	-0.31	-0.81	-0.81	-0.50	-0.53	--	-0.59

	1 MO*	3 MO*	YTD*	1 YR	3 YR	5 YR	10 YR	ETF INCEPTION
ETF	-2.03	10.94	15.77	15.77	9.63	8.33	--	9.33
MSDMDLGE (Index)	-1.97	11.25	16.58	16.58	10.13	8.86	--	9.92
Performance differential (ETF – Index)	-0.06	-0.31	-0.81	-0.81	-0.50	-0.53	--	-0.59

	2018	2019	2020	2021	2022
ETF	-7.53	22.48	-10.36	26.94	15.77
MSDMDLGE (Index)	-7.13	23.22	-9.95	27.24	16.58

Past performance does not predict future returns.

ETF returns not available if there is less than one year’s performance data.

*Periods greater than one year are annualised.

Investing is subject to risk, including the possible loss of principal. You must read the Prospectus and KID before investing, which are available at the Document section of the fund on www.vaneck.com.

ETF performance: Performance quoted represents past performance. Current performance may be lower or higher than average annual returns shown. Discrete performance shows 12 month performance to the most recent Quarter end for each of the last 10 years where available. E.g. '1st year' shows the most recent of these 12-month periods and '2nd year' shows the previous 12 month period and so on.

The Dutch domiciled ETFs use a gross reinvestment index as opposed to many other ETFs and investment funds that use a net reinvestment index. Comparing with a gross reinvestment index is the purest form since it considers that Dutch investors can reclaim the dividend tax withheld. Please note that the performance includes income distributions gross of Dutch withholding tax because Dutch investors receive a refund of the 15% Dutch withholding tax levied. Different investor types and investors from other jurisdictions may not be able to achieve the same level of performance due to their tax status and local tax rules.

Returns may increase or decrease as a result of currency fluctuations.

Index performance: Performance quoted represents past performance of the underlying Index. An index performance is not illustrative of the Product's performance. It is not possible to invest directly in an index: indices are not securities in which investments can be made.
For more information on the Index performance, please consult the Index Provider´s website.

Morningstar, Morningstar Indexes and Morningstar Developed Markets Large Cap Dividend Leaders Index are registered trademarks of Morningstar, Inc. The Morningstar Developed Markets Large Cap Dividend Leaders Index has been licensed to VanEck Asset Management B.V. for the purpose of creating and maintaining the VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF. The VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF is not sponsored, endorsed, sold or promoted by Morningstar, Inc., or any of its affiliates (collectively, “Morningstar”) and Morningstar makes no representation regarding the advisability of investing in it.

Yields
as of 31 Dec 2022

12-Month Yield¹
4.57%

¹The 12-Month Yield is the yield an investor would have received if they had held the fund over the last 12 months assuming the most recent NAV. The 12-month yield is calculated by summing any income distributions over the past 12 months and dividing by the sum of the most recent NAV and any capital gain distributions made over the past 12 months. The dividend paid may differ from the dividend yield of the index by increasing or decreasing the fund. A part of the dividend can be reinvested whereby this is processed in the price and not paid out.

Distribution History

Ex-date	Record Date	Payable date	Dividend*
01 Mar 2023	02 Mar 2023	08 Mar 2023
07 Dec 2022	08 Dec 2022	14 Dec 2022	€ 0.20
07 Sep 2022	08 Sep 2022	14 Sep 2022	€ 0.32
01 Jun 2022	02 Jun 2022	08 Jun 2022	€ 0.93
02 Mar 2022	03 Mar 2022	09 Mar 2022	€ 0.11
15 Dec 2021	16 Dec 2021	22 Dec 2021	€ 0.31
15 Sep 2021	16 Sep 2021	22 Sep 2021	€ 0.32
16 Jun 2021	17 Jun 2021	23 Jun 2021	€ 0.38
17 Mar 2021	18 Mar 2021	24 Mar 2021	€ 0.22
16 Dec 2020	17 Dec 2020	23 Dec 2020	€ 0.23
16 Sep 2020	17 Sep 2020	23 Sep 2020	€ 0.25
17 Jun 2020	18 Jun 2020	24 Jun 2020	€ 0.39
18 Mar 2020	19 Mar 2020	25 Mar 2020	€ 0.17
18 Dec 2019	19 Dec 2019	27 Dec 2019	€ 0.24
18 Sep 2019	19 Sep 2019	25 Sep 2019	€ 0.22
19 Jun 2019	20 Jun 2019	26 Jun 2019	€ 0.65
20 Mar 2019	21 Mar 2019	27 Mar 2019	€ 0.18
19 Dec 2018	20 Dec 2018	27 Dec 2018	€ 0.23
19 Sep 2018	20 Sep 2018	26 Sep 2018	€ 0.32
20 Jun 2018	21 Jun 2018	27 Jun 2018	€ 0.55
21 Mar 2018	22 Mar 2018	28 Mar 2018	€ 0.15
20 Dec 2017	21 Dec 2017	27 Dec 2017	€ 0.18
20 Sep 2017	21 Sep 2017	27 Sep 2017	€ 0.25
21 Jun 2017	22 Jun 2017	28 Jun 2017	€ 0.55
15 Mar 2017	16 Mar 2017	22 Mar 2017	€ 0.15
21 Dec 2016	22 Dec 2016	04 Jan 2017	€ 0.12
21 Sep 2016	22 Sep 2016	05 Oct 2016	€ 0.20
15 Jun 2016	16 Jun 2016	29 Jun 2016	€ 0.00

*Income from the investments of the fund is paid out as a dividend. There is a dividend option 4 times a year, but it also looks at the level of the dividend to be paid out. It can happen that relatively little income from dividends comes in a particular quarter. In that case, it is more sensible from a cost perspective to keep the income until the next payout in the fund.

Past Performance as of 31 Dec 2022

This chart shows the fund’s performance in EUR as the percentage loss or gain per year over the last 6 year(s) against its benchmark. The Fund was launched on 23 May 2016. It can help you to assess how the fund has been managed in the past and compare it to its benchmark.

Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past

The Fund uses a gross return index. The performance includes income distributions gross of Dutch withholding tax because Dutch investors can reclaim the 15% Dutch withholding tax levied. Different investor types and investors from other jurisdictions may not be able to achieve the same level of performance due to their tax status and local tax rules.

Previous Performance Scenarios

What you will get from this Product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted. The monthly unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the Product over the last 10 years. Markets could develop very differently in the future.

Recommended holding period: 5 years.
Example Investment: EUR 10,000

If you exit after 1 year
If you exit after 5 years

Showing period:

Referenced Months	Minimum	There is no minimum guaranteed return.
Referenced Months		Stress	Unfavourable	Moderate	Favourable
11/2022	What you might get back after costs (EUR)	2,910	7,040	11,110	15,040
11/2022	Average annual return	-70.93%	-29.65%	11.13%	50.36%
12/2022	What you might get back after costs (EUR)	2,920	7,040	11,130	15,040
12/2022	Average annual return	-70.82%	-29.65%	11.28%	50.36%

Referenced Months	Minimum	There is no minimum guaranteed return.
Referenced Months		Stress	Unfavourable	Moderate	Favourable
11/2022	What you might get back after costs (EUR)	3,370	7,800	13,560	17,640
11/2022	Average annual return	-19.55%	-4.85%	6.29%	12.02%
12/2022	What you might get back after costs (EUR)	3,370	7,800	13,610	17,640
12/2022	Average annual return	-19.54%	-4.85%	6.35%	12.02%

The figures shown include all the costs of the Product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back. The stress scenario shows what you might get back in extreme market circumstances. Your maximum loss would be that you will lose all your investment.

TDIVVanEck Morningstar Developed Markets Dividend Leaders UCITS ETF