Physical Replication and no Securities Lending

All VanEck ETFs, including our Real Estate ETF, own the physical securities underlying the markets they track – widely recognized as a way to reduce risks associated with swaps and derivatives as much as possible. Yet other ETFs are constructed synthetically, which might cause a problem if the organization issuing these instruments had difficulties. Further, we do not lend out the securities, unlike some other ETF managers.

Risk: Investors should consider risks like industry or sector concentration risk before investing. See dedicated risk factors section on this website.