RAAX : VanEck Vectors Real Asset Allocation ETF

Fund Summary

The investment seeks long-term total return. The fund invests, under normal circumstances, primarily in (i) exchange traded products that provide exposure to real assets through investment in domestic and foreign equity and debt securities, master limited partnerships (MLPs), and physical commodities, including ETFs and non-1940 Act (defined herein) commodity pools or commodity trusts and exchange traded notes (ETNs) (collectively, ETPs); and (ii) cash or cash equivalents. It is non-diversified.