VanEck Defense UCITS ETF USD A/  IE000YYE6WK5  /

The Product's investment objective is to replicate the price and the performance, before fees and expenses, of the MarketVector™ Global Defense Industry Index (the "Index"). In order to seek to achieve its investment objective, the Manufacturer will normally use a replication strategy by investing directly in the underlying equity securities of the Index being the equity stocks, American depository receipts (ADRs), and global depository receipts (GDRs) that consists of the component securities of the Index. Such equity securities must be issued by companies listed or traded on the Markets referred to in Appendix II of the Prospectus who derive 50% (25% for current components) of their revenues from the military or defense industries (including related national/federal governmental departments) in relation to products and services as further described in the Prospectus. For the avoidance of doubt, where the Index already holds such equity securities, the Index will seek to remove the security when the percentage of revenue drops below 25% of the relevant companies revenues. Where it is not practical or cost efficient for the Product to fully replicate the Index, the Manufacturer may utilise an optimized sampling methodology. The Product may invest more than 20% of its Net Asset Value in emerging markets.

The Product's investment objective is to replicate the price and the performance, before fees and expenses, of the MarketVector™ Global Defense Industry Index (the "Index").