VANECK VECTORS ISRAEL ETF

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the BlueStar Israel Global Index®. The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The index is comprised of equity securities, which may include depositary receipts, of publicly traded companies that are generally considered by MV Index Solutions GmbH to be Israeli companies. It may also utilize depositary receipts to seek performance that corresponds to the fund's benchmark index. The fund is non-diversified.