Fund Description: VanEck Vectors Vietnam ETF, formerly Market Vectors - Vietnam 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 Vietnam ETF seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors Vietnam Index. INDEX DESCRIPTION: The Market Vectors Vietnam Index is a rules based, modified capitalization weighted, float adjusted index intended to give investors exposure to Vietnam. As of June 30, 2009, approximately 70% of the market capitalization of the Vietnam Index was composed of securities of companies which are domiciled in Vietnam and primarily listed on an exchange in Vietnam and which generate at least 50% of their revenues from Vietnam. The remaining securities included in the Vietnam Index; 1. consist of companies that generate at least 50% of their revenues from Vietnam, 2. are expected to generate at least 50% of their revenues from Vietnam or 3. demonstrate a significant and/or dominant position in the Vietnamese market and are expected to grow. While initially 70% of the market capitalization of the Vietnam Index is expected to be composed of securities of companies which are domiciled in Vietnam and primarily listed on an exchange in Vietnam and which generate at least 50% of their revenues from Vietnam, this percentage is expected to increase in the future. Constituent stocks for the Vietnam Index must have a market capitalization of greater than $150 million on a rebalancing date to be eligible for the Vietnam Index. Stocks whose market capitalization falls below $75 million as of any rebalancing date will no longer be eligible for the Vietnam Index. Stocks must have a three-month average daily turnover greater than $1 million to be eligible for the Vietnam Index. Only shares that trade on a recognized domestic or international stock exchange may qualify. The Vietnam Index is calculated using a capitalization weighting methodology, adjusted for float, which is modified so as to ensure compliance with the diversification requirements of Subchapter M of the Internal Revenue Code. FUND STRATEGY: The Fund will normally invest at least 80% of its total assets in securities that comprise the Index. The Fund, utilizing a passive or indexing investment approach, attempts to approximate the investment performance of the Vietnam Index by investing in a portfolio of securities that generally replicates the Index. Generally, it is expected that 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. There also may be instances in which the Adviser may choose to overweight a security in the Index, purchase securities not in the Index that is believed appropriate to substitute for certain securities in the ndex or utilize various combinations of other available investment techniques in seeking to replicate as closely as possible the price and yield performance of the Index. The Fund may sell securities that are represented in the Index in anticipation of their removal from the Index or purchase securities not represented in the Index in anticipation of their addition to the Index. It is expected that over time the correlation between the Fund’s performance and that of the Index before fees and expenses will be 95% or better. The Fund may also utilize derivative instruments, such as swaps, options, warrants, futures contracts, currency forwards (and convertible securities and structured notes), and participation notes to seek performance that corresponds to the Vietnam Index. For these purposes, depositary receipts, derivative instruments and P-Notes 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.