Fund Description: VanEck Vectors Unconventional Oil & Gas ETF, formerly Market Vectors Unconventional Oil & Gas ETF, is an exchange-traded index fund or Index ETF which is a separate investment portfolio of the VanEck Vectors ETF Trust, an open-end investment management company. INVESTMENT OBJECTIVE: The VanEck Vectors Unconventional Oil & Gas ETF seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors Unconventional Oil & Gas Index. INDEX DESCRIPTION: The Market Vectors Unconventional Oil & Gas Index is comprised of securities of companies involved in the exploration, development, extraction, production and/or refining of unconventional oil and natural gas. The Index contains companies that generate at least 50% of their revenues from unconventional oil and gas or that own properties with the potential, in Market Vectors Index Solutions GmbH’s (the Index Provider) view, to generate at least 50% of their revenues from this segment. Unconventional oil and natural gas includes: coal bed methane, coal seam gas, shale oil, shale gas, tight natural gas, tight oil and tight sands. Unconventional oil and natural gas sources may be geographically extensive or deeply embedded in underground rock formations and are difficult to extract profitably without the use of new or developing technologies. Developing technologies include, among others, hydraulic fracturing (process of creating or expanding cracks in underground rock formations by pumping a high pressure mixture of water, sand and/or other additives into them) and horizontal drilling (method of drilling a well to reach a reservoir that is not directly beneath the drilling site). Companies involved in the exploration, development, extraction, production and/or refining of unconventional oil and natural gas may include small- and medium-capitalization companies. FUND STRATEGY: The Fund normally invests at least 80% of its total assets in securities that comprise the Fund’s Index. The Fund may invest its remaining assets in securities not included in the Index, money market instruments, including repurchase agreements or other funds which invest exclusively in money market instruments, convertible securities, structured notes (notes on which the amount of principal repayment and interest payments are based on the movement of one or more specified factors, such as the movement of a particular stock or stock index) and certain derivatives. Depositary receipts not included in the Index may be used by the Fund in seeking performance that corresponds to the Index and in managing cash flows, and may count towards the Fund’s 80% policy. The Fund, utilizing a passive or indexing investment approach, attempts to approximate the investment performance of the Index by investing in a portfolio of securities that generally replicate the Index. The Fund will hold all of the securities which comprise the Index in proportion to their weightings in the Index. However, under various circumstances, it may not be possible or practicable to purchase all of those securities in these weightings. In these circumstances, the Fund may purchase a sample of securities in the Index. There also may be instances in which the Adviser may choose to overweight another security in the Index, purchase securities not in the Index which are appropriate to substitute for certain securities in the Index or utilize various combinations of other available investment techniques in seeking to replicate as closely as possible the price and yield performance of the Index. The Fund may sell securities that are represented in the Index in anticipation of their removal from the Index or purchase securities not represented in the Index in anticipation of their addition to the Index. FUND MANAGEMENT: Van Eck Associates Corporation serves as the investment adviser to the Fund.