Company Website:
http://www.vaneck.com
NEW YORK -- (Business Wire)
VanEck announced today its plan to change the primary listing venue of
VanEck Vectors High-Yield Municipal Index ETF (HYD®), VanEck
Vectors Short High-Yield Municipal Index ETF (SHYD®), VanEck
Vectors AMT-Free Long Municipal Index ETF (MLN®), VanEck
Vectors AMT-Free Intermediate Municipal Index ETF (ITM®),
VanEck Vectors AMT-Free Short Municipal Index ETF (SMB®),
VanEck Vectors Pre-Refunded Municipal Index ETF (PRB®), and
VanEck Vectors CEF Municipal Income ETF (XMPT®) from NYSE
Arca, Inc. ("NYSE Arca") to the Cboe BZX Exchange, Inc. ("Cboe").
VanEck anticipates that the funds will begin trading on the Cboe under
their current ticker symbols on or about December 28, 2018, although
this date is subject to change. Until that time, fund shares will
continue to trade on the NYSE Arca.
"The change allows us to diversify the listing venues on which our ETFs
trade," said Ed Lopez, Head of ETF Product Management. "VanEck maintains
a strong relationship with both NYSE Arca and Cboe and we thank them for
their commitment to the ongoing success of the ETF marketplace."
No shareholder action is required as a result of this change.
About VanEck
VanEck has a history of looking beyond the financial markets to identify
trends that are likely to create impactful investment opportunities. We
were one of the first U.S. asset managers to offer investors access to
international markets. This set the tone for the firm’s drive to
identify asset classes and trends – including gold investing in 1968,
emerging markets in 1993, and exchange traded funds in 2006 – that
subsequently shaped the investment management industry.
Today, VanEck offers active and passive strategies with compelling
exposures supported by well-designed investment processes. As of
November 30, 2018, VanEck managed approximately $44.5 billion in assets,
including mutual funds, ETFs, and institutional accounts. The firm’s
capabilities range from core investment opportunities to more
specialized exposures to enhance portfolio diversification. Our actively
managed strategies are fueled by in-depth, bottom-up research and
security selection from portfolio managers with direct experience in the
sectors and regions in which they invest. Investability, liquidity,
diversity, and transparency are key to the experienced decision-making
around market and index selection underlying VanEck’s passive strategies.
Since our founding in 1955, putting our clients’ interests first, in all
market environments, has been at the heart of the firm’s mission.
Please call 800.826.2333 or visit vaneck.com
for the most recent month-end performance of VanEck Vectors ETFs. This
information will be available no later than seven business days after
the most recent month end.
ETFs that invest in high-yield securities are subject to subject to
risks associated with investing in high-yield securities; which include
a greater risk of loss of income and principal than funds holding
higher-rated securities; municipal securities, concentration risk;
credit risk; hedging risk; interest rate risk; and short sale risk.
Investors should be willing to accept a high degree of volatility and
the potential of significant loss. 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. ETFs
that invest in companies with small capitalizations are subject to
elevated risks, which include, among others, greater volatility, lower
trading volume and less liquidity than larger companies. Investors
should be willing to accept a high degree of volatility and the
potential of significant loss. Please see the prospectus of each
Fund for more complete information regarding each Fund's specific risks.
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. Shares may trade
at a premium or discount to their NAV in the secondary market. You will
incur brokerage expenses when trading Fund shares in the secondary
market.
Investors may call 800.826.2333or visit vaneck.com
for a free prospectus
and summary
prospectus.Investing involves risk, including
possible loss of principal. Bonds and bond funds will decrease in value
as interest rates rise. An investor should consider the investment
objective, risks, and charges and expenses of VanEck Vectors ETFs
carefully before investing. The prospectus and summary prospectus
contains this and other information. Please read the prospectus and
summary prospectus carefully before investing.
Van Eck Securities Corporation, Distributor, 666 Third Avenue, New York,
NY 10017
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Contacts:
Mike MacMillan / Chris Sullivan
MacMillan Communications
212.473.4442
chris@macmillancom.com
Source: VanEck
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