VanEck Alternative Asset Manager ETF GPZ Strategy

The investment seeks to track as closely as possible, before fees and expenses, the price and yield performance of the MarketVector™ Alternative Asset Managers Index. The fund normally invests at least 80% of its total assets in securities that comprise the fund’s benchmark index. The index is composed of equity securities of companies in the alternative asset management industry. Alternative asset management companies are those with a significant portion of their revenue or operating assets from private equity and other alternative asset investing. The fund is non-diversified.