Fund Description: VanEck Vectors Emerging Markets High Yield Bond ETF, formerly Market Vectors Emerging Markets High Yield Bond 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 Emerging Markets High Yield Bond ETF seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the BofA Merrill Lynch High Yield US Emerging Markets Liquid Corporate Plus Index. INDEX DESCRIPTION: The BofA Merrill Lynch High Yield US Emerging Markets Liquid Corporate Plus Index is comprised of U.S. dollar denominated debt issued by non-sovereign emerging market issuers that are rated BB1 or lower (based on an average of Moody’s Investors Service, Inc., Standard & Poor’s Rating Services and Fitch International Rating Agency and that are issued in the major domestic and Eurobond markets. In order to qualify for inclusion in the Index, an issuer must have risk exposure to countries other than members of the Group of Ten, all Western European countries and territories of the United States and Western European countries. The Group of Ten includes Belgium, Canada, France, Germany, Italy, Japan, the Netherlands, Sweden, Switzerland, the United Kingdom and the United States. As of the date of this Prospectus, May 8, 2012, the Index includes 261 below investment grade securities of 162 issuers, and approximately 86.2% of the Index is comprised of Rule 144A and Regulation S securities. FUND STRATEGY: The Fund normally invests at least 80% of its total assets in securities that comprise the Fund’s Index. The Fund, using a passive or indexing investment approach, attempts to approximate the investment performance of the Index. Because of the practical difficulties and expense of purchasing all of the securities in the Index, the Fund does not purchase all of the securities in the Index. Instead, a sampling methodology is utilized in seeking to achieve the Fund’s objective. As such, the Fund may purchase a subset of the bonds in the Index in an effort to hold a portfolio of bonds with generally the same risk & return characteristics of the Index. The Fund may concentrate its investments in a particular industry or group of industries to the extent that the Index concentrates in an industry or group of industries. FUND MANAGEMENT: Van Eck Associates Corporation serves as the investment adviser to the Fund