VANECK VECTORS REAL ASSET ALLOCATION ETF ETF

The investment seeks long-term total return. The fund invests, under normal circumstances, primarily in (i) exchange-traded products that provide exposure to real assets through investment in domestic and foreign equity and debt securities, master limited partnerships (MLPs), and commodities, including ETFs and non-1940 Act (defined herein) commodity pools or commodity trusts and exchange traded notes (ETNs) (collectively, ETPs); and (ii) cash or cash equivalents. It is non-diversified.