Fund Description: VanEck Vectors Real Asset Allocation ETF is an actively managed exchange-traded fund or Actively Managed ETF which is a separate investment portfolio of the VANECK VECTORS ETF Trust, an open-end investment management company. INVESTMENT OBJECTIVE: The VanEck Vectors Real Asset Allocation ETF seeks long-term total return. The Fund is an actively managed ETF and thus does not seek to replicate the performance of a specific index. Rather, the Adviser has discretion on a daily basis to actively manage the Fund’s portfolio in accordance with the Fund’s investment objective. FUND STRATEGY: The Fund seeks to achieve its investment objective by investing, under normal circumstances, primarily in (i) exchange traded products that provide exposure to real assets through investment in domestic and foreign equity and debt securities, master limited partnerships (MLPs), and physical commodities, including ETFs and non-1940 Act commodity pools or commodity trusts and exchange traded notes (ETNs) (collectively, ETPs); and (ii) cash or cash equivalents. Real assets include commodities (such as gold), real estate, natural resources and infrastructure, as well as companies that own, operate, or derive a significant portion of their value from real assets or the production thereof. The investments held by the ETPs may include physical assets and equity securities of companies of any market capitalization, debt securities of any credit quality (including high-yield (or junk) securities), duration and maturity and emerging market securities. The Fund seeks to maximize real returns while seeking to reduce downside risk during sustained market declines. The Adviser uses a proprietary, rules-based real asset allocation model. FUND MANAGEMENT: Van Eck Absolute Return Advisers Corp. serves as the Investment Adviser to the Fund.