Fund Description: VanEck Vectors Morningstar Wide Moat ETF, formerly Market Vectors Morningstar Wide Moat ETF, formerly Market Vectors Wide Moat ETF, formerly Market Vectors Morningstar Wide MOAT Research 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 Morningstar Wide Moat ETF seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Morningstar Wide Moat Focus Index. INDEX DESCRIPTION: The Morningstar Wide Moat Focus Index is comprised of securities issued by companies that Morningstar, Inc. (the Index Provider) determines have sustainable competitive advantages based on a proprietary methodology that considers quantitative and qualitative factors (wide moat companies). Wide moat companies are selected from the universe of companies represented in the Morningstar US Market Index, a broad market index representing 97% of U.S. market capitalization. The Index focuses on a select group of wide moat companies: those that according to Morningstar’s equity research team are the most attractively priced at any given time. Out of the companies in the Morningstar US Market Index that the Index Provider determines are wide moat companies, the Index Provider selects the top 20 companies to be included in the Index as determined by the ratio of the Index Provider’s estimate of fair value of the issuer’s common stock to the price. The Index Provider’s fair value estimates are calculated using a standardized, proprietary valuation model. As of March 31, 2012, the Index included 20 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 by investing in a portfolio of securities that generally replicates 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. The sector allocation of the Index will change over time. As of the date of this Prospectus, the Index is concentrated in the financial services sector and each of the basic materials, health care, industrials and information technology sectors represents a significant portion of the Index. FUND MANAGEMENT: Van Eck Associates Corporation serves as the investment adviser to the Fund.