VANECK VECTORS CHINAAMC CHINA BOND ETF ETF

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the ChinaBond China High Quality Bond 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 fixed-rate, Renminbi (RMB)-denominated bonds issued in the People's Republic of China (China or the PRC) by Chinese credit, governmental and quasi-governmental (e.g., policy banks) issuers (RMB Bonds). The fund is non-diversified.