Fund Description: VanEck Vectors Egypt Index ETF, formerly Market Vectors - Egypt Index ETF, is an exchange-traded index fund or Index ETF which is a separate investment portfolio of the VanEck Vectors ETF Trust, an open-ended investment management company. INVESTMENT OBJECTIVE: VanEck Vectors Egypt Index ETF seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors Egypt Index. INDEX DESCRIPTION: Market Vectors Egypt Index is a rules based, modified capitalization weighted, float adjusted index comprised of publicly traded companies that are domiciled and primarily listed on an exchange in Egypt or that generate at least 50% of their revenues in Egypt. In exceptional cases, companies with less than 50% of their revenues derived from Egypt may be eligible for inclusion in the Egypt Index. Constituent stocks of the Egypt Index must have a market capitalization of greater than $150 million on a rebalancing date to be eligible for the Egypt Index. Stocks whose market capitalization falls below $75 million as of any rebalancing date will no longer be eligible for the Egypt Index. Stocks must have a three-month average daily trading volume of at least $1 million to be eligible for the Egypt Index and issuers of such stocks must have traded at least 250,000 shares each month over the last six months. As of December 31, 2009, the Egypt Index included 28 securities. FUND STRATEGY: The Fund will normally invest at least 80% of its total assets in securities that comprise the Fund's benchmark index which is currently comprised of securities of companies selected on the basis on their market capitalizations in Egypt. The Fund, using a passive or indexing investment approach, will attempt to approximate the investment performance of the Egypt Index by investing in a portfolio of securities that generally replicates the Index. Over time, it is expected that the correlation between the Fund's performance and that of the Index will be 95% or better. The Fund may also utilize derivative instruments, such as swaps, options, warrants, futures contracts, currency forwards, convertible securities, structured notes, and participation notes to seek performance that corresponds to the Index. Investments that have economic characteristics that are substantially identical to the economic characteristics of the component securities of the Index will count towards the 80% investment policy discussed above. The Fund will concentrate its investments in a particular industry or group of industries to the extent that the Index concentrates. FUND MANAGEMENT: Van Eck Associates Corporation serves as the adviser to the Fund and subject to the supervision of the Board of Trustees, will be responsible for the day-to-day investment management of the Fund.