Company Website:
http://www.vaneck.com
NEW YORK -- (Business Wire)
VanEck announced today preliminary year-end distribution estimates for
its VanEck VectorsTM equity exchange-traded funds.
Please note that these year-end estimates were made as of October 31,
2016 based upon the best information available and may be subject to
significant change based on a number of factors, including but not
limited to changes in the number of shares outstanding, changes in
income that may occur prior to record date, and certain tax adjustments
and reclassifications. These factors may also result in some VanEck
Vectors ETFs which currently show no estimated dividends or capital gain
distributions making a distribution at year-end. VanEck strongly urges
shareholders to consult with their tax adviser regarding the tax
consequences of these dividends and distributions. You should not make
investment decisions based on this information.
Dividend estimates will not be provided for ETFs that may potentially be
subject to significant passive foreign investment company (PFIC) income.
Final distribution amounts for these ETFs are expected to be announced
on December 16, 2016 (see tables below).
Ex-Date: December 19, 2016 |
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| Record Date: December 21, 2016 |
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| Payable Date: December 23, 2016 |
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Hard Assets ETFs |
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| Ticker |
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| Estimated Dividend |
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| Estimated Short-Term Capital Gain |
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| Estimated Long-Term Capital Gain |
VanEck Vectors Agribusiness ETF
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MOO
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$1.083
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None
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None
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VanEck Vectors Coal ETF
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KOL
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$0.112
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None
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None
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VanEck Vectors Global Alternative Energy ETF
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GEX
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$1.152
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None
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None
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VanEck Vectors Gold Miners ETF
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GDX
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$0.059
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None
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None
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VanEck Vectors Junior Gold Miners ETF
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GDXJ
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| † |
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None
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None
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VanEck Vectors Oil Refiners ETF
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CRAK
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$0.524
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None
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None
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VanEck Vectors Oil Services ETF
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OIH
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$0.540
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None
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None
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VanEck Vectors Rare Earth/Strategic Metals ETF
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REMX
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None
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None
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None
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VanEck Vectors Natural Resources ETF
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HAP
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$0.663
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None
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None
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VanEck Vectors Solar Energy ETF
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KWT
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$1.376
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None
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None
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VanEck Vectors Steel ETF
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SLX
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$0.418
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None
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None
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VanEck Vectors Unconventional Oil and Gas ETF
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FRAK
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$0.066
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None
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None
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VanEck Vectors Uranium+Nuclear Energy ETF
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NLR
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None
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None
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None
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† The expected dividend cannot be determined at this time due
to significant Passive Foreign Investment Company (PFIC) Income. See
explanatory paragraph on Page 3.
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Country/Regional ETFs |
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| Ticker |
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| Estimated Dividend |
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| Estimated Short-Term Capital Gain |
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| Estimated Long-Term Capital Gain |
VanEck Vectors Africa Index ETF
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AFK
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$0.657
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None
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None
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VanEck Vectors Brazil Small-Cap ETF
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BRF
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$0.488
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None
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None
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VanEck Vectors ChinaAMC CSI 300 ETF
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PEK
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$0.554
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$0.034
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$0.334
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VanEck Vectors ChinaAMC SME-ChiNext ETF
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CNXT
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None
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None
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None
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VanEck Vectors Egypt Index ETF
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EGPT
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$0.422
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None
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None
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VanEck Vectors India Small-Cap Index ETF
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SCIF
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$0.691
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None
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None
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VanEck Vectors Indonesia Index ETF
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IDX
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$0.261
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None
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None
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VanEck Vectors Israel ETF
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ISRA
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$0.276
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None
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None
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VanEck Vectors Poland ETF
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PLND
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$0.325
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None
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None
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VanEck Vectors Russia ETF
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RSX
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$0.451
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None
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None
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VanEck Vectors Russia Small-Cap ETF
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RSXJ
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$0.940
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None
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None
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VanEck Vectors Vietnam ETF
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VNM
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$0.301
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None
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None
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Strategic Equity ETFs |
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| Ticker |
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| Estimated Dividend |
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| Estimated Short-Term Capital Gain |
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| Estimated Long-Term Capital Gain |
VanEck Vectors Global Spin-Off ETF
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SPUN
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$0.358
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None
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None
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VanEck Vectors Morningstar International Moat ETF
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MOTI
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$0.717
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None
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None
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VanEck Vectors Morningstar Wide Moat ETF
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MOAT
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$0.393
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None
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None
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Ex-Date: December 19, 2016 |
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| Record Date: December 21, 2016 |
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| Payable Date: December 23, 2016 |
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Industry ETFs |
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| Ticker |
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| Estimated Dividend |
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| Estimated Short-Term Capital Gain |
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| Estimated Long-Term Capital Gain |
VanEck Vectors Biotech ETF
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BBH
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$0.260
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None
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None
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VanEck Vectors Environmental Services ETF
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EVX
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$0.520
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None
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None
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VanEck Vectors Gaming ETF
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BJK
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$1.167
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None
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None
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VanEck Vectors Generic Drugs ETF
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GNRX
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$0.239
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None
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None
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VanEck Vectors Retail ETF
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RTH
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$1.319
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None
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None
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VanEck Vectors Semiconductor ETF
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SMH
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$0.335
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None
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None
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Ex-Date: December 28, 2016 |
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| Record Date: December 30, 2016 |
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| Payable Date: January 4, 2017 |
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Industry ETFs |
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| Ticker |
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| Estimated Dividend |
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| Estimated Short-Term Capital Gain |
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| Estimated Long-Term Capital Gain |
VanEck Vectors Pharmaceutical ETF
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PPH
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*
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None
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None
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* The ETF pays a quarterly scheduled dividend; therefore, no
estimate is provided.
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 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 October 31, 2016, VanEck
managed approximately $39.9 billion in assets, including mutual funds,
ETFs, and institutional accounts.
Important Disclosures
Passive Foreign Investment Company (PFIC) Income
Several VanEck Vectors ETFs may make investments in non-U.S.
corporations classified as “passive foreign investment companies.”
Generally speaking, PFICs are non-U.S. corporations having 50% or more
of their assets invested in cash or securities, or having 75% or more of
their gross income originating from passive sources, including but not
limited to interest, dividends and rents. In other words, these foreign
companies primarily derive their revenue streams from investments
(rather than operations). Please refer to your VanEck Vectors ETF’s
Statement of Additional Information (SAI) for further information on
PFICs.
IRS Circular 230 disclosure: VanEck does not provide legal, tax or
accounting advice. Any statement contained in this communication
concerning U.S. tax matters is not intended or written to be used, and
cannot be used, for the purpose of avoiding penalties imposed on the
relevant taxpayer. Shareholders or potential shareholders of the VanEck
Vectors ETFs should obtain their own independent tax advice based on
their particular circumstances.
All registered investment companies, including VanEck Vectors ETFs, are
obliged to distribute portfolio gains to shareholders at yearend
regardless of performance. Trading VanEck Vectors ETFs will also
generate tax consequences and transaction expenses. The information
provided is not intended to be tax advice. Tax consequences of dividend
distributions may vary by individual taxpayer. There is no guarantee
that dividends will be paid.
To receive a distribution, you must have been a registered shareholder
of the relevant VanEck Vectors ETFs on the record date. Distributions
are paid to shareholders on the payment date. Past distribution are not
indicative of future distributions.
Fund shares are not individually redeemable and will be issued and
redeemed at their Net Asset Value (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. You will incur brokerage expenses when trading Fund shares in
the secondary market. Past performance is no guarantee of future
results. Returns for actual Fund investments may differ from what is
shown because of differences in timing, the amount invested, and fees
and expenses.
Investing involves substantial risk and high volatility, 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, charges and expenses of a Fund carefully before
investing. To obtain a prospectus and summary prospectus, which contains
this and other information, call 800.826.2333 or visit vaneck.com.
Please read the prospectus and summary prospectus carefully before
investing.
Van Eck Securities Corporation, Distributor
666 Third Avenue
New York, NY 10017
800.826.2333
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Source: VanEck
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