VanEck Vectors ETFs
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VanEck has partnered with Ned Davis Research (NDR), a recognized leader in objective market and economic data and analysis with a long history of researching financial market cycles and using technical signals to supplement macroeconomic and fundamental research. VanEck and NDR have developed the VanEck NDR Managed Allocation Fund, a tactical asset allocation fund that has the flexibility to freely allocate among securities and cash, helping investors with core asset allocation decisions, particularly related to timing.The VanEck NDR Managed Allocation Fund (the "Fund"), a new open-end mutual fund, seeks capital appreciation by allocating primarily to exchange-traded products (ETPs) that invest in domestic and foreign equities, and U.S. debt securities and cash and cash equivalents.The Fund uses NDR's model that combines over 130 macroeconomic, fundamental and technical indicators to overweight asset classes expected to outperform on a relative basis and underweight or exit those expected to underperform.The portfolio managers in VanEck's Portfolio and Risk Solutions group make allocation decisions using the NDR model. This group conducts its own asset allocation and risk modeling research that is used by many of VanEck’s investment strategies and also maintains continuous interaction with NDR to review the latest research.
VanEck has partnered with Ned Davis Research (NDR), a recognized leader in objective market and economic data and analysis with a long history of researching financial market cycles and using technical signals to supplement macroeconomic and fundamental research. VanEck and NDR have developed the VanEck NDR Managed Allocation Fund, a tactical asset allocation fund that has the flexibility to freely allocate among securities and cash, helping investors with core asset allocation decisions, particularly related to timing.
*Returns less than one year are not annualized.
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 Fund incurred all expenses and fees1,investment returns would have been reduced. Expenses: Class Y: Gross 1.23% and Net 1.09%. Expenses are capped contractually through 05/01/18 at 0.90% for Class Y. Investment returns and Fund share values will fluctuate so that investors' shares, when redeemed, may be worth more or less than their original cost. Fund returns assume that dividends and capital gains distributions have been reinvested in the Fund at NAV.
Unless otherwise stated, portfolio facts and statistics are shown for Class A shares; other classes may have different characteristics.
†NAV: Unless you are eligible for a waiver, the public offering price you pay when you buy Class A shares of the Fund is the Net Asset Value (NAV) of the shares plus an initial sales charge. The initial sales charge varies depending upon the size of your purchase. No sales charge is imposed where Class A shares are issued to you pursuant to the automatic investment of income dividends or capital gains distribution. It is the responsibility of the financial intermediary to ensure that the investor obtains the proper “breakpoint” discount. Class I and Class Y do not have an initial sales charge. See the
prospectus for more information.
1Expenses are based on estimated amounts for the current fiscal year: Class A: Gross 1.47% and Net 1.34%; Class I: Gross 1.13% and Net 1.04%; and Class Y: Gross 1.23% and Net 1.09%. Other expenses and acquired fund fees and expenses are based on estimated amounts for the current fiscal year. 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, trading expenses, dividends and interest payments on securities sold short, taxes and extraordinary expenses) from exceeding 1.15% for Class A, 0.85% for Class I, and 0.90% for Class Y of the Fund's average daily net assets per year until May 1, 2018. During such time, the expense limitation is expected to continue until the Board of Trustees acts to discontinue all or a portion of such expense limitation.
2The Fund's benchmark index (60% MSCI ACWI/40% BbgBarc US Agg) is a blended index consisting of 60% MSCI All Country World Index (ACWI) and 40% Bloomberg Barclays US Aggregate Bond Index. The MSCI ACWI captures large and mid cap representation across 23 Developed
Markets (DM) and 23 Emerging Markets (EM) countries and covers
approximately 85% of the global investable equity opportunity set. The MSCI benchmark is a Gross Return index which reinvests as much as possible of a company’s gross dividend distributions. The Bloomberg Barclays US Aggregate Bond Index is a
broad-based benchmark that measures the investment grade, U.S.
dollar-denominated, fixed-rate taxable bond market. This includes Treasuries,
government-related and corporate securities, mortgage-backed securities,
asset-backed securities and collateralized mortgage-backed securities.
indices are unmanaged and include the reinvestment of all dividends, but do not
reflect the payment of transaction costs, advisory fees, or expenses that are
associated with an investment in the Fund. An index’s performance is not
illustrative of the Fund’s performance. Indices are not securities in which
investments can be made.
The views and opinions expressed
are those of VanEck. Fund manager commentaries are general in nature and should
not be construed as investment advice. Opinions are subject to change with
market conditions. Any discussion of specific securities mentioned in the
commentaries is neither an offer to sell nor a solicitation to buy these securities.
Fund holdings will vary.
You can lose money by investing
in the Fund. Any investment in the Fund should be part of an overall investment
program rather than a complete program. All mutual funds are subject to market
risk, including possible loss of principal. Because the Fund is a
"fund-of-funds," an investor will indirectly bear the principal risks
of the exchange-traded products in which it invests, including but not limited
to, risks associated with smaller companies, foreign securities, emerging markets,
debt securities, commodities, and derivatives. The Fund will bear its share of
the fees and expenses of the exchange-traded products. Consequently, an
investment in the Fund entails more direct and indirect expenses than a direct
investment in an exchange-traded product. Because the Fund invests in
exchange-traded products, it is subject to additional risks that do not apply
to conventional mutual funds, including the risks that the market price of an
exchange-traded product's shares may be higher or lower than the value of its
underlying assets, there may be a lack of liquidity in the shares of the
exchange-traded product, or trading may be halted by the exchange on which they
trade. Principal risks of investing in foreign securities include changes in
currency rates, foreign taxation and differences in auditing and other
financial standards. Debt securities may be subject to credit risk and interest
rate risk. Investments in debt securities typically decrease in value when
interest rates rise. Because the Adviser relies heavily on third party
quantitative models, the Fund is also subject to model and data risk. For a
description of these and other risk considerations, please refer to the Fund’s
prospectus, which should be read carefully before you invest.
Investing involves risk, including possible loss of principal. An investor should consider investment objectives, risks, charges, and expenses of the investment company carefully before investing. The prospectus and summary prospectus contain this and other information. Please read them carefully before investing.