CEO's Investment
Outlook

Related Funds

RSX
VanEck Russia ETF

GLIN
VanEck India Growth Leaders ETF

BRF
VanEck Brazil Small-Cap ETF

GBFAX
Emerging Markets Fund - Class A

RSXJ
VanEck Russia Small-Cap ETF

Fund Description

VanEck Russia Small-Cap ETF (RSXJ^®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS^® Russia Small-Cap Index (MVRSXJTR), which includes securities of small-capitalization 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
RSXJ
Exchange
Cboe
ETF Structure
Physical
Administrator
Van Eck Associates
Custodian
State Street Bank and Trust Company
Index Ticker
MVRSXJTR
Index Rebalancing
Quarterly

as of 10/19/21

30-Day SEC Yield¹
2.82%
Total Net Assets
$34.2M
Number of Holdings
26
Options
Expected
Gross Expense Ratio²
1.31%
Net Expense Ratio/TER²
0.75%
Distribution Frequency
Annual

Schedule a Call

Key Points

Small-Cap Focus
Small caps may offer greater exposure to domestic growth, less exposure to global cyclicals

Value Opportunity
Russia’s equity market is currently offering deep discounts versus emerging markets on average

Pure Play
Companies must be incorporated in, or derive at least 50% of total revenues from Russia to be added to the index

Trading Information

Fund Ticker
RSXJ
Index Total Return Ticker
MVRSXJTR
NAV
RSXJNV
Intraday NAV (IIV)⁴
RSXJIV
Shares Outstanding
833,318
Estimated Cash
RSXJEU
Total Cash
RSXJTC
CUSIP
92189F734
ISIN
US92189F7345

Source: Bloomberg

Fees and Expenses²

Management Fee
0.50%
Other Expenses
0.81%
Gross Expense Ratio
1.31%
Fee Waivers and
Expense Reimbursement
-0.56%
Net Expense Ratio/TER²
0.75%

²Expenses for RSXJ are capped contractually at 0.67% until May 1, 2022. Cap excludes acquired fund fees and expenses, interest expense, depositary receipt fees up to 0.08% of the Fund’s average daily net assets, trading expenses, taxes and extraordinary expenses.

Investment Professionals

Peter Liao, CFA

Portfolio Manager and Head of Equity ETFs
Oversees the Equity ETF Investment Management Team including development and management of index replication and optimization strategies
Joined VanEck in 2005
CFA charterholder; member of the CFA Society New York
BA, Mathematics and Economics, New York University

Guo Hua (Jason) Jin

Portfolio Manager and Analyst for Equity ETFs
Joined VanEck in 2007
Prior to his current role, held a portfolio administration position at VanEck
Previously, Portfolio Analyst at Evaluation Associates
BS, Business Administration (concentration in Financial Analysis), State University of New York at Buffalo

Griffin Driscoll

Analyst for Equity ETFs
Joined VanEck in 2018
Prior to joining VanEck, ETF Basket Operations Analyst at JPMorgan
BS, Finance, Providence College

Ralph Lasta

Analyst for Equity ETFs
Joined VanEck in 2019
Prior to VanEck, Intermediate Representative, Exchange Traded Funds at BNY Mellon.
BS, Accounting, Hunter College

Prices as of 10/19/21

	NAV/ Market 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	30-Day Median Bid Ask Spread	NAV Chart
RSXJ	$40.98 $40.80	9,297 7,821	$0.29 / +0.72% $0.46 / +1.14%	+13.14% +13.26%	$-0.19 -0.45%			2.60%

Premium/Discount History as of 10/19/21

		Calendar Year 2020	4Q 2020	1Q 2021	2Q 2021	3Q 2021
	Days closed at a premium	59	8	28	26	29
RSXJ	Days closed at NAV	6	0	0	1	1
	Days closed at a discount	188	56	33	36	34

Performance History: Average Annual Total Returns* (%)
View All ETFs View All Indices

Monthly Returns

Month End as of 09/30/21
Quarter End as of 09/30/21

	1 MO	3 MO	YTD	1 YR	3 YR	5 YR	10 YR	LIFE 04/13/11
RSXJ (NAV)	-1.72	2.50	3.94	20.03	9.90	7.53	0.67	-3.80
RSXJ (Share Price)	-1.31	2.62	4.55	21.07	9.98	7.28	0.53	-3.79
MVRSXJTR (Index)	-1.66	2.57	4.38	20.66	10.33	8.27	1.02	-3.41
Performance Differential (NAV - Index)	-0.06	-0.07	-0.44	-0.63	-0.43	-0.74	-0.35	-0.39

	1 MO	3 MO	YTD	1 YR	3 YR	5 YR	10 YR	LIFE 04/13/11
RSXJ (NAV)	-1.72	2.50	3.94	20.03	9.90	7.53	0.67	-3.80
RSXJ (Share Price)	-1.31	2.62	4.55	21.07	9.98	7.28	0.53	-3.79
MVRSXJTR (Index)	-1.66	2.57	4.38	20.66	10.33	8.27	1.02	-3.41
Performance Differential (NAV - Index)	-0.06	-0.07	-0.44	-0.63	-0.43	-0.74	-0.35	-0.39

*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 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 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 ETF investors should not expect to buy or sell shares at NAV.

Top 10 Holdings (%) as of 09/30/21 Daily Holdings

Total Holdings: 26

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full data

	Holding Name	Ticker	Shares	Market Value (US$)	% of Net Assets
	AEROFLOT PJSC	AFLT RM	2,825,412	2,707,065	8.63
	CREDIT BANK OF MOSCOW PJSC	CBOM RM	23,653,000	2,325,390	7.41
	SISTEMA PJSFC	SSA LI	314,963	2,316,835	7.38
	DETSKY MIR PJSC	DSKY RM	1,144,298	2,046,501	6.52
	SAMOLET GROUP	SMLT RM	25,634	1,757,418	5.60
	SEGEZHA GROUP PJSC	SGZH RM	13,062,500	1,577,155	5.03
	GLOBALTRANS INVESTMENT PLC	GLTR LI	180,843	1,455,187	4.64
	PETROPAVLOVSK PLC	POG LN	5,191,777	1,436,469	4.58
	LSR GROUP PJSC	LSRG RM	130,496	1,353,595	4.31
	ROS AGRO PLC	AGRO RM	88,361	1,309,711	4.17
Top 10 Total (%)					58.27

These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 09/30/21

Country
% of Net Assets
■
Russia
86.13
■
Cyprus
7.41
■
United Kingdom
3.45
■
Germany
3.32
■
Other/Cash
-0.32

Sector Weightings (%) as of 09/30/21

Sector
% of Net Assets
■
Industrials
20.8
■
Materials
19.3
■
Real Estate
12.1
■
Utilities
10.4
■
Consumer Discretionary
9.7
■
Consumer Staples
8.8
■
Financials
7.6
■
Communication Services
7.4
■
Energy
4.1
■
Other/Cash
-0.3

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