VanEck Lowers Expense Ratio for VanEck Vectors™ Fallen Angel High Yield Bond ETF (ANGL)

VanEck is lowering the expense ratio for its VanEck Vectors Fallen Angel High Yield Bond ETF (NYSE Arca:ANGL), it was announced today. As of June 20, 2016, the expense cap for ANGL will be reduced from 0.40% to 0.35%.

ANGL has returned 13.67 percent year to date through May 31 based on net asset value (NAV), far outpacing the broad high yield bond market, as represented by the BofA Merrill Lynch US High Yield Index (H0A0), which returned 8.15 percent over the same period.1 Furthermore, relative to the actively managed funds in Morningstar’s Open End Funds – U.S. – High Yield Bond category, ANGL’s total returns ranked in the first percentile over the 1-year period (against 772 funds) and since its inception (against 567 funds), as of May 31, 2016.2 Fund and index performance for additional periods are provided below.

The Fund, which currently has a 30-day SEC yield of 6.25 percent,3 carries a 5-star overall Morningstar rating as of May 31, 2016 against 650 high yield bond funds, based on risk-adjusted returns.4

ANGL had over $190 million in assets under management, as of June 16, 2016. Asset growth seen so far this year may be attributable to greater investor awareness of the value proposition and distinct performance that fallen angel high yield bonds have offered.

“ANGL’s unique approach and the exposure it provides for those seeking yield in today’s uncertain climate have truly resonated with investors and advisors this year,” said Meredith Larson, the Fund’s product manager. “By lowering the Fund’s expenses, we think we will make ANGL even more attractive and that much more significant a tool in the portfolio construction process.”

The Fund is part of the leading family of income-focused ETFs from VanEck, which also includes VanEck Vectors Emerging Markets High Yield Bond ETF (HYEM), VanEck Vectors J.P. Morgan EM Local Currency Bond ETF (EMLC), VanEck Vectors High Yield Municipal Index ETF (HYD) and more.

Performance History: Average Annual Total Returns (%)

The net and gross expense ratios for ANGL are 0.35% and 0.46%, respectively. Expenses for ANGL are capped contractually at 0.35% until at least September 1, 2017. Cap excludes certain expenses, such as interest.

Source: FactSet. Returns greater than one year are annualized. *In the absence of temporary fee waivers or reimbursements, the 30-Day SEC Yield as of 03/31/2016 would have been 7.19%. The performance data quoted represents past performance. Past performance is not a guarantee of future results. Performance information for the Fund reflects temporary waivers of expenses and/or fees. Had the Fund incurred all expenses, investment returns would have been reduced. Investment return and value of the shares of the Fund will fluctuate so that an investor’s shares, when sold, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted. Fund returns reflect dividends and capital gains distributions. NAV per share is calculated by subtracting total liabilities from the total assets, then dividing by the number of shares outstanding. Share price is the last price at which shares were traded on the Fund’s primary listing exchange. Fund shares may trade at, above or below NAV. Performance current to the most recent month end available by calling 888.826.2333 or by visiting vaneck.com/etfs.

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 innovative 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 May 31, 2016, VanEck managed approximately $31.7 billion in assets, including mutual funds, ETFs, and institutional accounts.

Important Disclosures

Indexes are unmanaged and do not reflect the payment of transaction costs, advisory fees, or expenses that are associated with an investment in any underlying exchange-traded funds. Index performance is not illustrative of fund performance. Fund performance current to the most recent month end is available by visiting vaneck.com. Historical performance is not indicative of future results; current data may differ from data quoted. Indexes are unmanaged and are not securities in which an investment can be made.

1Source: FactSet. Data as of May 31, 2016. Represented by the BofA Merrill Lynch US High Yield Index (H0A0), which is comprised of below-investment grade corporate bonds (based on an average of Moody’s, S&P, and Fitch) denominated in U.S. dollars. The country of risk of qualifying issuers must be an FX-G10 member, a Western European nation, or a territory of the U.S. or a Western European nation.

2Source: ©2016 Morningstar, Inc. All Rights Reserved. Data as of May 31, 2016. As represented by Morningstar’s active high yield bond fund category, the Morningstar Open End Funds – U.S. – High Yield Bond category, which is comprised of open-end mutual funds with an investment objective to seek returns via significant exposure to low quality bonds, those that are either unrated or rated by a major agency as BB or lower or lower. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. The peer group percentile rankings presented are based on trailing total returns for the Morningstar Open End Funds – U.S. – High Yield Bond category, which comprised 772 for the 12-month period ending May 31, 2016 and 567 funds for the period from May 1, 2012 to May 31, 2016.

3Source: VanEck. Data as of June 16, 2016. 30-Day SEC Yield is a standard yield calculation developed by the Securities and Exchange Commission that allows for fairer comparisons primarily among bond funds. It is based on the most recent 30-day period. This yield figure reflects the interest earned during the period after deducting the Fund's expenses for the period. In the absence of temporary expense waivers or reimbursements, the 30-Day SEC Yield for VanEck Vectors Fallen Angel High Yield Bond ETF would have been 6.18% on 06/16/2016.

4Source: ©2016 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. For each fund with at least a three-year history, Morningstar calculates a Morningstar RatingTM based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. As of May 31, 2016, ANGL received Morningstar Rating of 5 stars, rated against 650 high yield bond funds overall and for the last three years.

Merrill Lynch, Pierce, Fenner & Smith Incorporated and its affiliates (“BofA Merrill Lynch”), indices, and related information, the name “BofA Merrill Lynch,” and related trademarks, are intellectual property licensed from BofA Merrill Lynch, and may not be copied, used, or distributed without BofA Merrill Lynch’s prior written approval. The licensee’s products have not been passed on as to their legality or suitability, and are not regulated, issued, endorsed, sold, guaranteed, or promoted by BofA Merrill Lynch. BOFA MERRILL LYNCH MAKES NO WARRANTIES AND BEARS NO LIABILITY WITH RESPECT TO THE INDICES, ANY RELATED INFORMATION, ITS TRADEMARKS, OR THE PRODUCT(S) (INCLUDING WITHOUT LIMITATION, THEIR QUALITY, ACCURACY, SUITABILITY, AND/OR COMPLETENESS).

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. Creation units are issued and redeemed principally in kind. Shares may trade at a premium or discount to their NAV in the secondary market.

An investment in the Fund may be subject to risk which include, among others, credit risk, call risk, and interest rate risk, all of which may adversely affect the Fund. High yield bonds may be subject to greater risk of loss of income and principal and are likely to be more sensitive to adverse economic changes than higher rated securities. International investing involves additional risks which include greater market volatility, the availability of less reliable financial information, higher transactional and custody costs, taxation by foreign governments, decreased market liquidity and political instability. The Fund's assets may be concentrated in a particular sector and may be subject to more risk than investments in a diverse group of sectors.

Investing involves substantial risk and high volatility, including possible loss of principal. Bonds and bond funds will generally decrease in value as interest rates rise. An investor should consider the investment objective, risks, charges and expenses of the Fund carefully before investing. To obtain a prospectus and summary prospectus, which contain this and other information, call 888.826.2333 or visit vaneck.com/etfs. Please read the prospectus and summary prospectus carefully before investing.

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