VanEck Vectors Preferred US Equity UCITS ETF - A USD ACC ETF

The Fund’s investment objective is to replicate, before fees and expenses, the price and yield performance of theWells Fargo Hybrid and Preferred Securities Aggregate Index (the 'Index'). The Fund will seek to achieve its objective by investing in a diversified portfolio of non-convertible, $25 par value preferred securities listed on U.S. exchanges that, as far possible and practicable, consist of the component securities that comprise the Index. The Preferred Securities Index is comprised of non-convertible preferred securities listed on U.S. exchanges, including securities that, in Wells Fargo & Company’s (the Index Provider) judgment, are functionally equivalent to preferred securities including, but not limited to, depositary preferred securities, perpetual subordinated debt and certain securities (for example bonds) issued by banks and other financial institutions that are eligible for capital treatment with respect to such instruments akin to that received for issuance of straight preferred stock (collectively, the Preferred Securities). Preferred Securities must be listed on the New York Stock Exchange (the NYSE) or the NYSE ARCA Exchange (NYSE ARCA).