Market Overview

VanEck Announces Changes to VanEck Vectors® ETF Product Line


VanEck, one of the largest providers of exchange traded funds ("ETFs")
in the U.S. and worldwide with approximately $47.8 billion in assets
under management as of January 31, 2019, announced today that it plans
to close and liquidate three VanEck Vectors ETFs.

On March 4, 2019, the Board of Trustees of VanEck Vectors ETF Trust
approved the liquidation and dissolution of the following funds (the

ETF Name   Ticker   Exchange
VanEck Vectors Generic Drugs ETF  


  NASDAQ Stock Market
VanEck Vectors Poland ETF


VanEck Vectors Pre-Refunded Municipal Index ETF


Cboe BZX

As the sponsor of VanEck Vectors ETFs, VanEck is proud to be an industry
leader in offering unique, targeted exposures to numerous asset classes
through ETFs that seek to meet investor needs. VanEck continuously
monitors and evaluates its ETF offerings across a number of factors,
including performance, liquidity, assets under management, and investor
interest, among others. The decision was made to liquidate these funds
based on an analysis of these factors.

Shareholders of the Funds may sell their shares of each Fund on its
relevant listing exchange until market close on April 5, 2019
(transaction fees from their broker-dealer may be incurred). The Funds'
shares will no longer trade on the relevant listing exchanges after
market close on April 5, 2019, and the shares will subsequently be
de-listed. Shareholders who continue to hold shares of any of the Funds
on the Funds' liquidation date, which is expected to be on or about
April 12, 2019, will receive a liquidating distribution of cash in the
cash portion of their brokerage accounts equal to the amount of the net
asset value of their shares. Proceeds from the liquidation are currently
scheduled to be sent to shareholders on or about April 12, 2019. For tax
purposes, shareholders will generally recognize a capital gain or loss
equal to the amount received for their shares over their adjusted basis
in such shares. The Funds will stop accepting creation orders from
Authorized Participants on April 5, 2019.

In addition, shareholders who hold shares of any of the Funds may
receive a final distribution of net income and capital gains earned by
such Fund and not previously distributed prior to liquidation.

The final tax status of distributions made by the Funds, including the
liquidating distribution, will be provided to shareholders with the
year-end tax reporting for the Funds (including any portion which may be
treated as a return of capital for tax purposes, reducing a
shareholder's basis in such shares).

If you have any questions concerning this information or the VanEck
Vectors ETFs in general, please call 800.826.2333 between 9:00 a.m. and
5:30 p.m., Monday through Friday.

About VanEck

VanEck has a history of looking beyond the financial markets to identify
trends that are likely to create impactful investment opportunities. We
were one of the first U.S. asset managers to offer investors access to
international markets. This set the tone for the firm's drive to
identify asset classes and trends – including gold investing in 1968,
emerging markets in 1993, and exchange traded funds in 2006 – that
subsequently shaped the investment management industry.

Today, VanEck offers active and passive strategies with compelling
exposures supported by well-designed investment processes. As of January
31, 2019, VanEck managed approximately $47.8 billion in assets,
including mutual funds, ETFs, and institutional accounts. The firm's
capabilities range from core investment opportunities to more
specialized exposures to enhance portfolio diversification. Our actively
managed strategies are fueled by in-depth, bottom-up research and
security selection from portfolio managers with direct experience in the
sectors and regions in which they invest. Investability, liquidity,
diversity, and transparency are key to the experienced decision-making
around market and index selection underlying VanEck's passive strategies.

Since our founding in 1955, putting our clients' interests first, in all
market environments, has been at the heart of the firm's mission.

Important Disclosures

Please call 800.826.2333 or visit our website for the most recent
month-end performance of VanEck Vectors ETFs.

The "net asset value" (NAV) of an ETF is determined at the close of each
business day, and represents the dollar value of one share of the ETF;
it is calculated by taking the total assets of an ETF subtracting total
liabilities, and dividing by the total number of shares outstanding. The
NAV is not necessarily the same as an ETF's intraday trading value.
Investors should not expect to buy or sell shares at NAV. Total returns
are based upon closing "market price" (price) of the ETF on the dates

Fund shares are not individually redeemable and will be issued and
redeemed at their NAV only through certain authorized broker-dealers in
large, specified blocks of shares called "creation units" and otherwise
can be bought and sold only through exchange trading. Shares may trade
at a premium or discount to their NAV in the secondary market. You will
incur brokerage expenses when trading Fund shares in the secondary

Investors may call 800.826.2333 or visit
for a free
. Investing involves risk, including
possible loss of principal. Bonds and bond funds will decrease in value
as interest rates rise. An investor should consider the investment
objective, risks, and charges and expenses of VanEck Vectors ETFs
carefully before investing. The prospectus and summary prospectus
contains this and other information. Please read the prospectus and
summary prospectus carefully before investing.

Van Eck Securities Corporation, Distributor
666 Third Avenue, New
York, NY 10017

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