Fund Description: VanEck Vectors Natural Resources ETF, formerly Market Vectors Natural Resources ETF, formerly Market Vectors - RVE Hard Assets Producers 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 Natural Resources ETF seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Rogers-Van Eck Natural Resources Index, formerly Rogers-Van Eck Hard Assets Producers Index. INDEX DESCRIPTION: The Rogers-Van Eck Natural Resources Index is a rules-based index comprised of companies principally engaged (derive greater than 50% of revenues from applicable sources) in the production and distribution of commodities and commodity-related products and services in the following sectors: 1) Agriculture; 2) Alternatives (Water & Alternative Energy); 3) Base and Industrial Metals; 4) Energy; 5) Forest Products; and 6) Precious Metals. Such companies may include small- and medium-capitalization companies and foreign issuers. FUND STRATEGY: The Fund will normally invest at least 80% of its total assets in equity securities, which may include depositary receipts, of U.S. and foreign hard asset producer companies. A company will be considered to be a hard asset producer company if it, directly or indirectly, derives at least 50% of its revenues from the production and/or distribution of commodities and commodity-related products and services, including among others, companies that fabricate mining or drilling equipment. Such companies may include small- and medium-capitalization companies. The Fund, using a passive or indexing investment approach, will attempt 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. 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.