Fund Description: VanEck Vectors Junior Gold Miners ETF, formerly Market Vectors - Junior Gold Miners 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: The VanEck Vectors Junior Gold Miners ETF seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors Junior Gold Miners Index. INDEX DESCRIPTION: The Market Vectors Junior Gold Miners Index is a rules based, modified capitalization weighted, float adjusted index intended to give investors a means of tracking the overall performance of foreign and domestic publicly traded companies of small-and medium-capitalization that are involved primarily in the mining for gold and/or silver. To be eligible for the Junior Gold Miners Index, companies must 1. Generate at least 50% of their revenues from gold or silver mining, 2. Hold real property that has the potential to produce at least 50% of the company’s revenue from gold or silver when developed. Or 3. Primarily invest in gold or silver. The Index includes common stocks and depositary receipts of U.S. and foreign companies that are involved in mining for gold and/or silver and that are listed for trading on a leading stock exchange. Constituent stocks for the Junior Gold Miners Index must have a market capitalization of greater than $150 million on a rebalancing date to be eligible for the Index. FUND STRATEGY: The Fund will normally invest at least 80% of its total assets in securities that comprise the Index. The Fund will normally invest at least 80% of its total assets in companies that are involved in the gold mining industry. 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 replicates the Index. Generally the Fund will hold all of the securities that 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. The Fund may also utilize derivative instruments, such as swaps, options, warrants, futures contracts, currency forwards (and convertible securities and structured notes), and participation notes to seek performance that corresponds to the Index. 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.