Fund Description: VanEck Vectors India Small-Cap Index ETF, formerly Market Vectors - India Small-Cap Index 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 India Small-Cap Index ETF seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors India Small-Cap Index. INDEX DESCRIPTION: The Market Vectors India Small-Cap Index is a rules based, modified capitalization weighted, float adjusted index intended to give investors a means of tracking the overall performance of publicly traded small-cap companies that are domiciled and primarily listed on an exchange in India or that generate at least 50% of their revenues in India. In exceptional cases, companies with less than 50% of their revenues derived from India may be eligible for inclusion in the India Small-Cap Index. Constituent stocks of the India Small-Cap Index must have a market capitalization of greater than $150 million on a rebalancing date to be eligible for the Index. Stocks whose market capitalizations fall below $75 million as of any rebalancing date will no longer be eligible for the Index. Stocks must have a three-month average daily trading volume value of at least $1 million to be eligible for the Index and issuers of such stocks must have traded at least 250,000 shares each month over the last six months. Only shares that trade on a recognized domestic or international stock exchange may qualify. As of August 1, 2010, the Index included 122 securities. FUND STRATEGY: 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. The Fund normally invests at least 80% of its total assets in securities that comprise the Fund’s Index and depository receipts based on the securities in the Fund’s Index. The Fund may also utilize convertible securities, depositary receipts and derivative instruments, such as swaps, options, warrants, futures contracts, currency forwards, structured notes and participation notes to seek performance that corresponds to the Index. Investments that have economic characteristics that are substantially identical to the economic characteristics of the component securities of the Index will count towards the 80% investment policy. 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.