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RSX
VanEck Vectors Russia ETF

  • Fund Description

    VanEck Vectors® Russia ETF (RSX®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS™ Russia Index (MVRSXTR), which includes publicly traded companies that are incorporated in Russia or that are incorporated outside of Russia but has at least 50% of their revenues/related assets in Russia.

  •  
      

    • Fund Ticker

      RSX

    • Exchange

      NYSE Arca

    • Commencement

      04/24/2007

    • ETF Structure

      Physical

    • Administrator

      Van Eck Associates

    • Custodian

      Bank of New York Mellon

    • Index Ticker

      MVRSXTR

    • Index Rebalancing

      Quarterly

  •  
    as of 05/24/17

    • 30-Day SEC Yield1

      1.74%

    • Total Net Assets

      $2.3B

    • Number of Holdings

      31

    • Options

      Available

    • Gross Expense Ratio2

      0.79%

    • Net Expense Ratio/TER2

      0.65%

    • Distribution Frequency

      Annual

    • Next Distribution Date

      12/15/2017

  • Key Points

    Nation's First ETF Focused on Russia 
    A commodity-rich country undergoing rapid economic change
    Pure Play 
    Index constituents must be incorporated in, or generate the majority of revenues in, Russia
    Less Emphasis on Energy 
    Versus competing products/indices

  • Trading Information

    • Fund Ticker

      RSX

    • Index Total Return Ticker

      MVRSXTR

    • NAV

      RSXNV

    • Intraday NAV (IIV)4

      RSXIV

    • Shares Outstanding

      111,450,000

    • Estimated Cash

      RSXEU

    • Total Cash

      RSXTC

    • CUSIP

      92189F403

    • ISIN

      US92189F4037
    Source: Bloomberg

  • Fees and Expenses2

    • Management Fee

      0.50%

    • Other Expenses

      0.29%

    • Gross Expense Ratio

      0.79%

    • Fee Waivers and
      Expense Reimbursement

      -0.14%

    • Net Expense Ratio/TER2

      0.65%
    2Expenses for RSX are capped contractually at 0.62% until at least May 1, 2018. Cap excludes certain expenses, such as interest.

  • Prices as of 05/24/17

    NAV/
    Last Price     		Volume
    30-Day Avg./
    Last Trading Day     		Daily Change
    NAV/
    Last Price     		YTD Change
    NAV/
    Last Price     		Premium/
    Discount     		Prem/Discount
    Distribution Charts     		NAV &
    Prem/Discount
    History     		NAV
    Chart
    RSX $20.49
    $20.52     		8,194,029
    7,282,848     		-$0.02 / -0.09%
    $-0.10 / -0.48%     		-2.8%
    -3.3%
    		 $0.03
    0.14%

  • View All IndicesView All ETFsPerformance History: Average Annual Total Returns* (%)

    1 MO3 MOYTD1 YR3 YR5 YR10 YRLIFE
    04/24/07
    RSX (NAV)0.97-3.02-0.9719.520.41-4.26-3.99-4.18
    RSX (Share Price)1.02-2.34-1.5819.640.40-4.21-4.07-4.16
    MVRSXTR (Index) 51.03-2.63-1.0720.441.32-4.42-4.26-4.42
    Performance Differential (NAV - Index)-0.06-0.390.10-0.92-0.910.160.270.24
    Quarter End as of 03/31/17
    1 MO3 MOYTD1 YR3 YR5 YR10 YRLIFE
    04/24/07
    RSX (NAV)1.57-1.92-1.9227.64-1.73-4.91---4.31
    RSX (Share Price)2.48-2.57-2.5728.42-1.75-4.99---4.29
    MVRSXTR (Index) 51.58-2.07-2.0728.10-0.92-5.06-4.47-4.55
    Performance Differential (NAV - Index)-0.010.150.15-0.46-0.810.15--0.24

    *Returns less than one year are not annualized.

    5Index data prior to March 19, 2012 reflects that of the DAXglobal Russia+ Index (DXRPUS). From March 19, 2012, forward, the index data reflects that of the Fund's underlying index, MVIS Russia Index (MVRSXTR).  Index history which includes periods prior to March 19, 2012 reflects a blend of the performance of DXRPUS and MVRSXTR and is not intended for third party use.

    The table presents past performance which is no guarantee of future results and which may be lower or higher than current performance. Returns reflect temporary contractual fee waivers and/or expense reimbursements. Had the ETF incurred all expenses and fees, investment returns would have been reduced. Investment returns and ETF share values will fluctuate so that investors' shares, when redeemed, may be worth more or less than their original cost. ETF returns assume that dividends and capital gains distributions have been reinvested in the Fund at NAV.

    The "Net Asset Value" (NAV) of a VanEck Vectors Exchange Traded Fund (ETF) is determined at the close of each business day, and represents the dollar value of one share of the fund; it is calculated by taking the total assets of the fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV is not necessarily the same as the ETF 's intraday trading value. VanEck Vectors ETF investors should not expect to buy or sell shares at NAV.

  • Daily HoldingsTop 10 Holdings (%)  as of 04/30/17

    Total Holdings: 31
    Holding Name
    Ticker
    		SharesMarket Value
    (US$)    		% of Net
    Assets
    Sberbank Of Russia Pjsc
    SBER LI
    16,496,004
    		196,662,4238.16
    Gazprom Pjsc
    OGZD LI
    41,299,563
    		196,071,8648.13
    Lukoil Pjsc
    LKOD LI
    3,131,306
    		155,427,5906.45
    Magnit Pjsc
    MGNT LI
    4,132,756
    		144,549,4816.00
    Novatek Pjsc
    NVTK LI
    1,091,885
    		132,191,7125.48
    Mmc Norilsk Nickel Pjsc
    MNOD LI
    8,408,755
    		129,173,7725.36
    Tatneft Pjsc
    ATAD LI
    3,260,201
    		127,606,1945.29
    Yandex Nv
    YNDX US
    4,463,272
    		121,668,7955.05
    Transneft Pjsc
    TRNFP RM
    32,214
    		108,926,6734.52
    Mobile Telesystems Pjsc
    MBT US
    10,348,204
    		106,793,4654.43
    Top 10 Total (%)58.87
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.

  • Country Weightings (%) as of 04/30/17

    • Country

      % of Net Assets
    • ■

      RUSSIA

      96.39
    • ■

      CYPRUS

      1.56
    • ■

      NETHERLANDS

      1.25
    • ■

      VIRGIN ISLANDS

      1.08
    • ■

      Other/Cash

      -0.28

  • Sector Weightings (%) as of 04/30/17

    • Sector

      % of Net Assets
    • ■

      Energy

      37.9
    • ■

      Materials

      16.6
    • ■

      Financials

      15.3
    • ■

      Consumer Staples

      10.7
    • ■

      Telecommunication Services

      9.1
    • ■

      Information Technology

      7.4
    • ■

      Utilities

      3.2
    • ■

      n/a

      0.0
    • ■

      Other/Cash

      -0.3
  • Important Disclosure

    VanEck only serves professional clients in countries where the funds are registered or where funds can be sold in accordance with local private placement rules.

    130-Day SEC Yield is calculated daily, and is a standard yield calculation developed by the Securities and Exchange Commission that allows for fairer comparisons primarily among bond funds. It is based on the most recent 30-day period. This yield figure reflects the interest earned during the period after deducting the fund's expenses for the period. It does not reflect the yield an investor would have received if they had held the fund over the last twelve months assuming the most recent NAV. In the absence of temporary expense waivers or reimbursements, the 30-Day SEC Yield for VanEck Vectors Russia ETF would have been 1.64% on 05/24/2017.

    2RSX Fees & Expenses: Van Eck Associates Corporation (the "Adviser") has agreed to waive fees and/or pay Fund expenses to the extent necessary to prevent the operating expenses of the Fund (excluding acquired fund fees and expenses, interest expense, offering costs, trading expenses, taxes and extraordinary expenses) from exceeding 0.62% of the Fund's average daily net assets per year until at least May 1, 2018. During such time, the expense limitation is expected to continue until the Fund's Board of Trustees acts to discontinue all or a portion of such expense limitation. TER, or Total Expense Ratio, is also referred to as "Net Expense Ratio".

    3Morningstar Ratings : ©Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. 

    4IIV is an abbreviation for the intraday indicative value of an ETF's Shares (and is also known as the Indicative Optimized Portfolio Value or IOPV), and is disseminated every 15 seconds during regular trading hours. The IIV is based on the current market value of the securities and/or cash required to be deposited in exchange for a Creation Unit. The IIV does not necessarily reflect the precise composition of the current portfolio of securities held by the Fund at a particular point in time or the best possible valuation of the current portfolio. Therefore, the IIV should not be viewed as a "real-time" update of the Fund's NAV, which is computed only once a day. The Fund is not involved in, or responsible for, the calculation or dissemination of the IIV and makes no warranty as to its accuracy.

    5Index data prior to March 19, 2012 reflects that of the DAXglobal Russia+ Index (DXRPUS). From March 19, 2012, forward, the index data reflects that of the Fund's underlying index, MVIS Russia Total Return Index (MVRSXTR).  Index history which includes periods prior to March 19, 2012 reflects a blend of the performance of DXRPUS and MVRSXTR and is not intended for third party use.

    6The S&P 500® Index consists of 500 widely held common stocks covering industrial, utility, financial and transportation sector; as an Index, it is unmanaged and is not a security in which investments can be made.

    For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics.

    An investment in the Fund may be subject to risks which include, among others, investing in Russian issuers, foreign securities, emerging market issuers, foreign currency, depositary receipts, basic materials sector, consumer staples sector, energy sector, financial services sector, medium-capitalization companies, cash transactions, equity securities, market, operational, index tracking, authorized participant concentration, no guarantee of active trading market, trading issues, replication management, fund shares trading, premium/discount risk and liquidity of fund shares, non-diversified and concentration risks, all of which may adversely affect the Fund. Foreign and emerging markets investments are subject to risks, which include changes in economic and political conditions, changes in foreign regulations, changes in currency exchange rates, unstable governments, and limited trading capacity which may make these investments volatile in price or difficult to trade. Medium-capitalization companies may be subject to elevated risks. The Fund's assets may be concentrated in a particular sector and may be subject to more risk than investments in a diverse group of sectors.

    MVIS Russia Index is the exclusive property of MV Index Solutions GmbH (a wholly owned subsidiary of the Adviser), which has contracted with Solactive AG to maintain and calculate the Index. Solactive AG uses its best efforts to ensure that the Index is calculated correctly. Irrespective of its obligations towards MV Index Solutions GmbH, Solactive AG has no obligation to point out errors in the Index to third parties. The VanEck Vectors Russia ETF is not sponsored, endorsed, sold or promoted by MV Index Solutions GmbH and MV Index Solutions GmbH makes no representation regarding the advisability of investing in the Fund.

    Index returns are not Fund returns and do not reflect any management fees or brokerage expenses. Investors can not invest directly in the Index. Returns for actual Fund investors may differ from what is shown because of differences in timing, the amount invested and fees and expenses. Index returns assume that dividends have been reinvested.

    The "Net Asset Value" (NAV) of a VanEck Vectors Exchange Traded Fund (ETF) is determined at the close of each business day, and represents the dollar value of one share of the fund; it is calculated by taking the total assets of the fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV is not necessarily the same as the ETF's intraday trading value. VanEck Vectors ETF investors should not expect to buy or sell shares at NAV.

    Fund shares are not individually redeemable and will be issued and redeemed at their NAV only through certain authorized broker-dealers in large, specified blocks of shares called "creation units" and otherwise can be bought and sold only through exchange trading. Shares may trade at a premium or discount to their NAV in the secondary market. You will incur brokerage expenses when trading Fund shares in the secondary market. Past performance is no guarantee of future results. Returns for actual Fund investments may differ from what is shown because of differences in timing, the amount invested, and fees and expenses.

    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 contains this and other information, call 800.826.2333 or visit vaneck.com/etfs . Please read the prospectus and summary prospectus carefully before investing.

    This content is published in the United States for residents of specified countries. Investors are subject to securities and tax regulations within their applicable jurisdictions that are not addressed on this content. Nothing in this content should be considered a solicitation to buy or an offer to sell shares of any investment in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction, nor is it intended as investment, tax, financial, or legal advice. Investors should seek such professional advice for their particular situation and jurisdiction.

Van Eck Securities Corporation, Distributor
666 Third Avenue
New York, NY 10017
800.826.2333

 



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