VanEck announced today preliminary yearend distribution estimates for its VanEck Vectors® income exchange-traded funds.

Please note that these yearend estimates were made as of October 31, 2017 based upon the best information available and may be subject to significant change based on a number of factors, including but not limited to changes in the number of shares outstanding, changes in income that may occur prior to record date, and certain tax adjustments and reclassifications. These factors may also result in some VanEck Vectors ETFs which currently show no estimated income or capital gain distributions making a distribution at yearend. VanEck strongly urges shareholders to consult with their tax adviser regarding the tax consequences of these distributions. You should not make investment decisions based on this information.

            Ex-Date: December 27, 2017 Record Date: December 28, 2017 Payable Date: January 3, 2018                   Municipal Bond ETFs   Ticker  

EstimatedIncome

 

EstimatedShort-TermCapital Gain

 

Estimated Long-TermCapital Gain

VanEck Vectors AMT-Free Intermediate Municipal Index ETF   ITM   *   None   None VanEck Vectors AMT-Free Long Municipal Index ETF   MLN   *   None   None VanEck Vectors AMT-Free Short Municipal Index ETF   SMB   *   None   None VanEck Vectors CEF Municipal Income ETF   XMPT   *   None   None VanEck Vectors High-Yield Municipal Index ETF   HYD   *   None   None VanEck Vectors Pre-Refunded Municipal Index ETF   PRB   *   None   None VanEck Vectors Short High-Yield Municipal Index ETF   SHYD   *   None   None         Ex-Date: December 27, 2017       Record Date: December 28, 2017       Payable Date: January 3, 2018                     Income ETFs   Ticker  

EstimatedIncome

 

EstimatedShort-TermCapital Gain

 

Estimated Long-TermCapital Gain

VanEck Vectors BDC Income ETF   BIZD   **   None   None VanEck Vectors ChinaAMC China Bond ETF   CBON   *   None   None VanEck Vectors Emerging Markets Aggregate Bond ETF   EMAG   *   None   None VanEck Vectors Emerging Markets High Yield Bond ETF   HYEM   *   None   None VanEck Vectors EM Investment Grade + BB USD Sovereign Bond ETF   IGEM   *   None   None VanEck Vectors J.P. Morgan EM Local Currency Bond ETF   EMLC   *   None   None VanEck Vectors Fallen Angel High Yield Bond ETF   ANGL   *   $0.070   $0.018 VanEck Vectors Green Bond ETF   GRNB   *   $0.004   None VanEck Vectors International High Yield Bond ETF   IHY   *   None   None VanEck Vectors Investment Grade Floating Rate ETF   FLTR   *   None   None VanEck Vectors Mortgage REIT Income ETF   MORT   **   None   None VanEck Vectors Preferred Securities ex Financials ETF   PFXF   *   None   None        

* The ETF pays a monthly scheduled dividend; therefore, no estimate is provided.**The ETF pays a quarterly scheduled dividend; therefore, no estimate is provided.

Due to yearend tax adjustments, the December distributions may be different than the regular monthly or quarterly distributions paid during the year.

About VanEck

VanEck’s mission is to offer intelligently designed investment strategies that take advantage of targeted market opportunities. Founded in 1955, the firm is a pioneer in global investing with a history of placing clients’ interests first in all market environments. Today, VanEck continues this tradition by offering active and passive investment portfolios in hard assets, emerging markets equity and debt, precious metals, fixed income, and other alternative asset classes. VanEck Vectors exchange-traded products are one of the largest ETP families in the world, managing more than 70 funds that span a range of sectors, asset classes, and geographies. As of October 31, 2017, VanEck managed approximately $42.8 billion in assets, including mutual funds, ETFs, and institutional accounts.

Please call 800.826.2333 or visit vaneck.com for the most recent month-end performance of VanEck Vectors ETFs. This information will be available no later than seven business days after the most recent month end.

Fixed income investments are subject to interest rate risk, credit risk, the risk that the issuer of a bond will fail to pay interest and principal in a timely manner, or that negative perceptions of the issuer’s ability to make such payments will cause the price of that bond to decline. Bonds and bond funds will decrease in value as interest rates rise. In addition when interest rates fall income may decline.

Important Disclosures

IRS Circular 230 disclosure: VanEck does not provide legal, tax or accounting advice. Any statement contained in this communication concerning U.S. tax matters is not intended or written to be used, and cannot be used, for the purpose of avoiding penalties imposed on the relevant taxpayer. Shareholders or potential shareholders of the VanEck Vectors ETFs should obtain their own independent tax advice based on their particular circumstances.

All registered investment companies, including VanEck Vectors ETFs, are obliged to distribute portfolio gains to shareholders at yearend regardless of performance. Trading VanEck Vectors ETFs will also generate tax consequences and transaction expenses. The information provided is not intended to be tax advice. Tax consequences of income distributions may vary by individual taxpayer. There is no guarantee that income will be paid.

To receive a distribution, you must have been a registered shareholder of the relevant VanEck Vectors ETFs on the record date. Distributions are paid to shareholders on the payment date. Past distribution are not indicative of future distributions.

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 listed.

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 market.

Investing involves substantial risk and high volatility, 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, charges and expenses of a Fund carefully before investing. To obtain a prospectus and summary prospectus, which contains this and other information, call 800.826.2333 or visit vaneck.com. Please read the prospectus and summary prospectus carefully before investing.

Van Eck Securities Corporation, Distributor666 Third AvenueNew York, NY 10017800.826.2333

MacMillan CommunicationsMike MacMillan/Chris Sullivan212-473-4442chris@macmillancom.com

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