VANECK VECTORS CHINAAMC SME-CHNEXT ETF

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the SME-ChiNext 100 Index. The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The index is a modified, free-float adjusted index intended to track the performance of the 100 largest and most liquid stocks listed and trading on the ChiNext Board of the Shenzhen Stock Exchange and originally listed on the Small and Medium Enterprise (?SME?) Board of the Shenzhen Stock Exchange and trading on the Main Board of the Shenzhen Stock Exchange.