Liquidation: VanEck ETF Trust

Form Type: 497K

Filing Date: 2025-04-30

Corporate Action: Liquidation

Type: Update

Accession Number: 000113736025000267

Filing Summary: VanEck® Russia ETF is undergoing a liquidation process due to the discontinuation of the MVIS® Russia Index and restrictions on Russian securities, which prevent the Fund from achieving its investment objectives. The Board of Trustees approved a Plan of Liquidation and Termination on September 29, 2022, and the Fund has received exemptive relief from the Securities and Exchange Commission to facilitate the suspension of redemptions and to manage the liquidation. The Fund has been delisted from Cboe BZX Exchange in connection with this liquidation, and an initial distribution was made to shareholders on January 12, 2023. The Fund is now investing proceeds from asset sales into U.S. government securities and other cash equivalents while awaiting full liquidation and distribution to shareholders. Investors are warned of high volatility and significant risks associated with investments in the Fund, particularly due to the geopolitical situation surrounding Russia.

Form Type: 497K

Filing Date: 2025-04-30

Corporate Action: Liquidation

Type: Update

Accession Number: 000113736025000268

Filing Summary: VanEck Russia Small-Cap ETF is in the process of liquidating its assets and winding up its business due to the discontinuation of the Russia Small-Cap Index and ongoing restrictions related to Russian securities. The Fund's Board of Trustees voted to approve a Plan of Liquidation and Termination, which has been set in motion since September 2022, and was granted exemptive relief by the SEC to suspend the right of redemption of shares. The Fund has been delisted by Cboe BZX Exchange, is operating under a liquidation plan, and pending final distributions, is required to invest cash from disposed portfolio securities into U.S. government securities and other highly liquid investments. The document outlines the fees and expenses associated with the liquidation, and warns investors of the significant risks associated with investing in Russian securities, including volatility and possible losses. Future updates about the Fund will be available on the VanEck website.

Form Type: 497

Filing Date: 2025-04-30

Corporate Action: Liquidation

Type: Update

Accession Number: 000113736025000226

Filing Summary: On April 30, 2025, VanEck ETF Trust filed an update regarding the liquidation of the VanEck Russia ETF and VanEck Russia Small-Cap ETF, collectively referred to as the 'Russia Funds'. The Board of Trustees voted on September 29, 2022, to approve a Plan of Liquidation and Termination of these funds, contingent upon receiving necessary SEC relief. The SEC granted this relief on December 28, 2022, allowing the Russia Funds to suspend share redemption rights and postpone payment of redemption proceeds until the liquidation is completed. As of January 12, 2023, the liquidation process was initiated with the expectation of making liquidating distributions. The liquidation may take time due to the ongoing circumstances involving Russian securities, and the funds will hold cash and securities that do not align with their original investment objectives, likely resulting in higher tracking errors. Additionally, due to delisting from the Cboe BZX Exchange, these funds are no longer considered exchange-traded funds, and trading markets for their shares have ceased. It is anticipated that the Russia Funds will be terminated following payment of final distributions to shareholders.

Form Type: 497

Filing Date: 2025-01-30

Corporate Action: Liquidation

Type: Update

Accession Number: 000113736025000111

Filing Summary: The document details the ongoing liquidation process of the VanEck Russia ETF and VanEck Russia Small-Cap ETF, approved by the Board of Trustees on September 29, 2022. The liquidation was contingent upon SEC relief, granted on December 28, 2022, allowing the Russia Funds to suspend shareholder redemption rights. On January 12, 2023, the liquidation payment process was initiated, with the understanding that it may extend over time especially given the current market conditions affecting Russian securities. The Russia Funds have ceased to be exchange-traded funds and will distribute all remaining assets to shareholders, with an anticipation of termination upon final payout. Additionally, the document serves as a Statement of Additional Information, providing an overview of multiple funds under the VanEck ETF Trust, their classifications, and investment strategies, emphasizing legal and investment ramifications of the Funds' operations during the liquidation period.