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VanEck Vectors Coal ETF to liquidate

TheShadowTheShadow
edited December 2020 in Fund Discussions
https://www.sec.gov/Archives/edgar/data/1137360/000113736020000525/vvtkol2020liquidations.htm

(KOL)

497 1 vvtkol2020liquidations.htm 497E SUPPLEMENT TO PROSPECTUS AND SAI

SUPPLEMENT DATED DECEMBER 3, 2020 TO
THE SUMMARY PROSPECTUS AND PROSPECTUS DATED MAY 1, 2020 AND THE CURRENT STATEMENT OF ADDITIONAL INFORMATION
OF VANECK VECTORS ETF TRUST DATED NOVEMBER 24, 2020

This Supplement updates certain information contained in the above-dated Summary Prospectus and Prospectus and the current Statement of Additional Information for VanEck Vectors® ETF Trust (the “Trust”) regarding VanEck Vectors Coal ETF (the “Fund”), a series of the Trust. You may obtain copies of the Fund’s Summary Prospectus, Prospectus and Statement of Additional Information free of charge, upon request, by calling toll-free1.800.826.2333 or by visiting the VanEck website at www.vaneck.com.

At a meeting held on December 3, 2020, the Board of Trustees of the Trust unanimously approved the liquidation, winding down and termination of the Fund, which is expected to happen on or about Tuesday, December 22, 2020.

After the close of business on Monday, December 14, 2020, the Fund will no longer accept creation orders. This is also expected to be the last day of trading of shares of the Fund on NYSE Arca, Inc. (“NYSE Arca”). Shareholders should be aware that when the Fund commences liquidation, it will no longer pursue its stated investment objective or engage in any business activities except for the purposes of selling and converting into cash all of the assets of the Fund, paying its liabilities, and distributing its remaining proceeds or assets to shareholders (the “Liquidating Distribution”). During this period, the Fund is likely to incur higher tracking error than is typical for the Fund. Furthermore, during the time between market close on Monday, December 14, 2020 and Tuesday, December 22, 2020, shareholders will be unable to dispose of their shares on NYSE Arca.

Shareholders may sell their holdings of the Fund, incurring typical transaction fees from their broker-dealer, on NYSE Arca until market close on Monday, December 14, 2020, at which point the Fund’s shares will no longer trade on NYSE Arca and the shares will be subsequently delisted. Shareholders who continue to hold shares of the Fund on the Fund’s liquidation date will receive a Liquidating Distribution (if any) with a value equal to their proportionate ownership interest in the Fund on that date. Such Liquidating Distribution received by a shareholder, if any, may be in an amount that is greater or less than the amount a shareholder might receive if they dispose of their shares on NYSE Arca prior to market close on Monday, December 14, 2020. The Fund’s liquidation and payment of the Liquidating Distribution may occur prior to or later than the dates listed above.

Shareholders who receive a Liquidating Distribution generally will recognize a capital gain or loss equal to the amount received for their shares over their adjusted basis in such shares. Please consult your personal tax advisor about the potential tax consequences.

Shareholders should call the Fund’s distributor, Van Eck Securities Corporation, at 1.800.826.2333 for additional information.


Please retain this supplement for future reference.

Comments

  • AbrahamLincolnAbrahamLincoln
    Sad what is still happening to the actual coal miners . As a descendent of multiple men who worked the mines in NE Pennsylvania it is sad that so few actually care about these men , especially from a certain political spectrum . My fore-bearers always voted a strait democratic ticket and now that party has left these men behind- very sad but that is loyalty in 21st century America.
  • LewisBraham
    edited December 2020
    @SomeoneWhoIsNotWhoHeClaimsToBe You should be ashamed for using Honest Abe Lincoln's face on your post. And your forebears if they were truly coal miners and knew what's what would know there isn't a more significant union busting, labor hating party in the U.S. today than the GOP. No new coal jobs were create during Trump's presidency and in fact they hit an all-time low at the end of 2019--https://spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/us-coal-mining-employment-hits-new-low-at-the-end-of-2019-may-go-lower-in-2020-57173047 Coal is a product that is killing the planet anyway. Instead of saving those 50,000 remaining coal mining jobs, the federal and state governments should provide financial support and re-training for those workers and give them first crack at green jobs under the Green New Deal, which would create a lot more than 50,000 jobs if the GOP and Dixiecrats or today's Blue Dog Dems weren't hell bent on killing it by any means necessary.
  • AbrahamLincolnAbrahamLincoln
    Thank you Lewis for educating me on what to think. At least my Irish fore bearers stood up against the elitist Democratic slave holders in the Pennsylvania Volunteers. You remind me of Jefferson Davis and his ilk telling to what I should think.
  • LewisBraham
    Yeah, if you know that much history, you should know the parties racial attitudes flipped, starting with FDR and then completely with LBJ.
  • RbrtRbrt
    Anyone who wants to condemn today’s democrats because southern slaveholders were democrats 150 years ago is not really a serious person.
  • AbrahamLincolnAbrahamLincoln
    No, I’m very serious as any body remotely spiritual can see how the demonic has invaded the Democratic Party from first slavery, then eugenics and aborting 60 million babies. Those who don’t face real deaths are as serious as Yosemite Sam and Elmer Fudd. Peace be with you.
  • LewisBraham
    edited December 2020
    In my experience, the GOP tends to care more about the unborn than the living. Force women to have babies, but provide minimal to no healthcare, daycare, education or financial assistance to the poor who are often poor because they come from broken homes with single mothers. There is also the hypocrisy of opposing women's rights to choose while supporting the death penalty, unrestricted gun rights, building up our nuclear arsenal, starting wars with countries that did not attack us and supporting drill-baby-drill energy policies--including coal mining--that are killing the planet slowly and are an existential threat to humanity. The thing about the anti-Women's rights to choose issue is it is relatively cheap for the GOP fight. It doesn't cost the party a penny to say No. It would cost a lot more for them to provide women with adequate healthcare, childcare, housing, schooling and intervention to assure a healthy upbringing for what otherwise become unwanted children.
  • WABACWABAC
    Cheap natural gas killed coal.
  • RbrtRbrt
    AbrahamLincoln said:

    No, I’m very serious as any body remotely spiritual can see how the demonic has invaded the Democratic Party from first slavery, then eugenics and aborting 60 million babies. Those who don’t face real deaths are as serious as Yosemite Sam and Elmer Fudd. Peace be with you.

    Since we all know patriotic conservatives would never have an abortion, that’s 60 million liberals you won’t have to shoot in the upcoming civil war.
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