Important Disclosure
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 12 months assuming the most recent NAV. Yields reflect temporary contractual fee waivers and/or expense reimbursements, if any. Where applicable, had the ETFs incurred all expenses and fees, investment yields would have been reduced. In the absence of temporary expense waivers or reimbursements (where applicable), the 30-Day SEC Yield as of 12/14/2018would have been: VanEck Vectors Africa Index ETF 1.82%; VanEck Vectors Fallen Angel High Yield Bond ETF 6.50%; VanEck Vectors Biotech ETF 0.18%; VanEck Vectors BDC Income ETF 10.18%; VanEck Vectors Gaming ETF 2.48%; VanEck Vectors Brazil Small-Cap ETF 0.99%; VanEck Vectors ChinaAMC China Bond ETF 1.52%; VanEck Vectors ChinaAMC SME-ChiNext ETF -0.77%; VanEck Vectors Oil Refiners ETF 2.70%; VanEck Vectors Morningstar Durable Dividend ETF 0.00%; VanEck Vectors Egypt Index ETF 0.57%; VanEck Vectors Emerging Markets Aggregate Bond ETF 4.69%; VanEck Vectors J.P. Morgan EM Local Currency Bond ETF 7.02%; VanEck Vectors Video Gaming and eSports ETF -1.66%; VanEck Vectors Environmental Services ETF 0.53%; VanEck Vectors Investment Grade Floating Rate ETF 3.12%; VanEck Vectors Unconventional Oil & Gas ETF 0.86%; VanEck Vectors Global Alternative Energy ETF 0.57%; VanEck Vectors Generic Drugs ETF -3.02%; VanEck Vectors Morningstar Global Wide Moat ETF -1.34%; VanEck Vectors Green Bond ETF 1.03%; VanEck Vectors Natural Resources ETF 1.86%; VanEck Vectors Emerging Markets High Yield Bond ETF 7.71%; VanEck Vectors Indonesia Index ETF 1.83%; VanEck Vectors International High Yield Bond ETF 5.85%; VanEck Vectors Israel ETF 0.85%; VanEck Vectors Coal ETF 3.71%; VanEck Vectors NDR CMG Long/Flat Allocation ETF 1.23%; VanEck Vectors Mortgage REIT Income ETF 9.77%; VanEck Vectors Morningstar International Moat ETF 2.62%; VanEck Vectors Uranium+Nuclear Energy ETF 2.06%; VanEck Vectors Oil Services ETF 2.25%; VanEck Vectors ChinaAMC CSI 300 ETF 1.07%; VanEck Vectors Preferred Securities ex Financials ETF 6.14%; VanEck Vectors Poland ETF 1.05%; VanEck Vectors Pharmaceutical ETF 1.73%; VanEck Vectors Real Asset Allocation ETF 0.97%; VanEck Vectors Rare Earth/Strategic Metals ETF 0.67%; VanEck Vectors Russia Small-Cap ETF 3.36%; VanEck Vectors Retail ETF 1.20%; VanEck Vectors Steel ETF 3.51%; VanEck Vectors Semiconductor ETF 1.73%; VanEck Vectors CEF Municipal Income ETF 4.75%;
2Fee Waivers: Van Eck Associates Corporation (the “Adviser”) has agreed to waive fees and/or pay Fund expenses on several ETFs. Performance information for the VanEck Vectors ETFs reflects current temporary waivers of expenses and/or fees. Had the VanEck Vectors ETFs incurred all expenses, investment returns would have been reduced. For details on specific fee waivers, which vary for each VanEck Vectors ETF, please visit the ETF-specific pages, by clicking on the links provided above. AFFE refers to Acquired Fund Fees and Expenses, which include fees and expenses incurred indirectly by the Fund as a result of investments in other investment companies.
**Effective December 10, 2013, VanEck Vectors® LatAm Aggregate Bond ETF (BONO) changed its underlying index and changed its name to VanEck Vectors Emerging Markets Aggregate Bond ETF (EMAG).
The performance quoted represents past performance. Past performance is no guarantee of future results. Performance information for the VanEvk Vectors ETFs reflects current temporary waivers of expenses and/or fees. Had the VanEck Vectors ETFs incurred all expenses, investment returns would have been reduced. The investment return and value of shares of VanEck Vectors ETFs will fluctuate so that an investor's shares, when sold, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted. Fund returns assume that dividends and capital gains distributions have been reinvested in the Fund at NAV. Performance current to the most recent month-end is available by calling 800.826.2333.
The principal risks of investing in VanEck Vectors ETFs include sector, market, economic, political, foreign currency, world event, index tracking and non-diversification risks, as well as fluctuations in net asset value and the risks associated with investing in less developed capital markets. The Funds may loan their securities, which may subject them to additional credit and counterparty risk.
ETFs that invest in high-yield securities are subject to subject to risks associated with investing in high-yield securities; which include a greater risk of loss of income and principal than funds holding higher-rated securities; concentration risk; credit risk; hedging risk; interest rate risk; and short sale risk. Investors should be willing to accept a high degree of volatility and the potential of significant loss. High yield bonds may be subject to greater risk of loss of income and principal and are likely to be more sensitive to adverse economic changes than higher rated securities. ETFs that invest in companies with small capitalizations are subject to elevated risks, which include, among others, greater volatility, lower trading volume and less liquidity than larger companies. Investors should be willing to accept a high degree of volatility and the potential of significant loss. Please see the prospectus of each Fund for more complete information regarding each Fund's specific risks.
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. Bonds and bond funds will decrease in value as interest rates rise. 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. Please read the prospectus and summary prospectus carefully before investing.