VanEck Rare Earth & Strategic Metals ETF

Market Vectors Rare Earth/Strategic Metals ETF (the Fund) seeks to replicate the price and yield performance of the Market Vectors Rare Earth/Strategic Metals Index (the Index). The Index consisted of foreign and domestic equity securities of publicly traded companies primarily engaged in a variety of activities that are related to the producing, refining and recycling of rare earth and strategic metals and minerals. Such companies may include small, medium and micro-capitalization companies. Rare earth/strategic metals are industrial metals that are typically mined as byproducts or secondary metals in operations focused on precious metals and base metals. Approximately 49 elements in the periodic table are considered rare earth/strategic metals. The Fund normally invests at least 80% of its total assets in securities that comprise the Index. The Fund’s investment adviser is Van Eck Associates Corporation.