VNM VanEck
Vietnam ETF
Fund Details
Fund Ticker
Intraday NAV (IIV)
Index Ticker
Total Net Assets ($M)
Options
Exchange
Inception Date

VNM
VNMIV
MVVNMLTR
516.35No

VanEck Vietnam ETF (VNM®) seeks to replicate as closely as possible, before fees and expenses, the price and yield
performance of the MarketVector™ Vietnam Local Index (MVVNMLTR), which tracks securities of publicly traded companies thatare locally incorporated in Vietnam.

Top 10 Holdings

Cboe

Holding NameTicker% of Net Assets

08/11/09

VINGROUP JSC

VIC VN

8.08

VIETNAM DAIRY PRODUCTS JSC

VNM VN

7.96

VINHOMES JSC

VHM VN

7.30

HOA PHAT GROUP JSC

HPG VN

6.64

BANK FOR FOREIGN TRADE OF VIETNAM JSC

VCB VN

6.30

Fund Data
Number of Holdings

As of January 31, 2024

Fund Description

47

Currency

USD

SSI SECURITIES CORP

SSI VN

5.71

Price/Earnings Ratio*

17.19

VNDIRECT SECURITIES CORPVND VN

4.36

Price/Book Ratio*

1.65

MASAN GROUP CORP

MSN VN

4.11$4,047

NO VA LAND INVESTMENT GROUP CORP

NVL VN

3.33

0.62%

VIETCAP SECURITIES JSC

VCI VNWeighted Avg. Market Cap ($M)
30-Day SEC Yield *NAV: 52 Week High/Low$15.56/$11.24*

30-Day SEC Yield is based on the most recent 30day period and reflects the investment income
earned after deducting a fund’s expenses for theperiod. This yield does not necessarily reflect theyield that an investor will receive. Distributions mayvary from time to time. A weighted harmonic average
is used to calculate this metric. Price/Book Ratio isthe price of a security divided by the book value pershare of the security. Price/Earnings Ratio is theprice of a security divided by the last twelve months
earnings per share of the security.

Fees and Expenses*
Management Fee

0.50%

Other Expenses

0.16%

Acquired Fund Fees and Expenses
Gross Expense Ratio
Fee Waivers andExpense Reimbursement-0.66%--Net Expense Ratio
0.66%* Expenses for VNM are capped contractually at
0.76% until May 1, 2024. Cap excludes acquired
fund fees and expenses, interest expense, trading
expenses, taxes and extraordinary expenses.

2.76

Top 10 Total

56.55

These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Performance History:Average Annual Total Returns* (%)
Month End as of 01/31/24

1 MO 3 MO

YTD

1 YR

3 YR

LIFE
5 YR 10 YR 08/11/09

VNM (NAV)

-1.71

15.30

-1.71

4.47

-6.93

-2.26

-2.64

-2.82

VNM (Share Price)

-1.70

15.73

-1.70

3.79

-7.09

-2.82

-3.16

-2.84

MVVNMLTR (Index)

-1.39

16.30

-1.39

6.67

-5.94

-1.21

-1.66

-1.94

Performance Differential (NAV - Index)

-0.32

-1.00

-0.32

-2.20

-0.99

-1.05

-0.98

-0.88

1 MO 3 MO

YTD

1 YR3 YR

LIFE
5 YR 10 YR 08/11/09

Quarter End as of 12/31/23
VNM (NAV)

3.13

-0.12

15.95

15.95

-7.60

-1.18

-1.78

-2.72

VNM (Share Price)

3.89

0.52

14.95

14.95

-7.58

-1.08

-1.88

-2.74

MVVNMLTR (Index)

3.44

0.02

17.50

17.50

-6.54

-0.21

-0.78

-1.86

Performance Differential (NAV - Index)

-0.31

-0.14

-1.55

-1.55

-1.06

-0.97

-1.00

-0.86

*Returns less than one year are not annualized.
Index data prior to March 17, 2023 reflects that of the MVIS Vietnam Index (MVVNMTR). From March 17, 2023 forward, the index
data reflects that of the Fund's underlying index, the MarketVector Vietnam Local Index (MVVNMLTR), and is not intended for third
party use.

In the absence of temporary expense waivers or reimbursements, the 30-Day SEC Yield for VanEck Vietnam ETF would have been 0.62% on 01/31/24.
The performance data quoted represents past performance. Past performance is not a guarantee of future results. Investment return and principal value of an investment
will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance may be lower or higher than performance data
quoted. Please call 800.826.2333 or visit vaneck.com for performance current to the most recent month ended.
The "Net Asset Value" (NAV) of a Fund is determined at the close of each business day, and represents the dollar value of one share of the fund; it is calculated by taking the total assets ofthe fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV is not necessarily the same as the ETF 's intraday trading value. Investors should not
expect to buy or sell shares at NAV.

VNM VanEck
Vietnam ETF
As of January 31, 2024

Top 10 Countries

Sector Weightings

Country% of Net Assets

Vietnam

100.01Other/Cash-0.01

Top 10 Total

100.00

Sector% of Net Assets■ Financials■ Real Estate■ Consumer Staples■ Materials■ Industrials■ Energy■ Utilities■ n/a■ Other/Cash

27.8
27.7
19.3
11.8
10.3
1.9
1.2
0.0
0.0

Index returns are not Fund returns and do not reflect any management fees or brokerage expenses. Certain indices may take into account withholding taxes. Investors can not invest directlyin the Index. Index returns assume that dividends have been reinvested.
An investment in the Fund may be subject to risks which include, but are not limited to, special risk considerations of investing in Vietnamese issuers, foreign securities, emerging andfrontier market issuers, foreign currency, depositary receipts, real estate sector, consumer staples sector, financials sector, basic materials sector, small- and medium-capitalizationcompanies, cash transactions, equity securities, market, operational, index tracking, authorized participant concentration, no guarantee of active trading market, trading issues, passivemanagement, fund shares trading, premium/discount risk and liquidity of fund shares, issuer-specific changes, non-diversified and index-related concentration risks, all of which may
adversely affect the Fund. Emerging and frontier market issuers and foreign securities may be subject to securities markets, political and economic, investment and repatriation restrictions,different rules and regulations, less publicly available financial information, foreign currency and exchange rates, operational and settlement, and corporate and securities laws risks. Smalland medium-capitalization companies may be subject to elevated risks.
The MarketVector Vietnam Local Index tracks the performance of publicly traded companies that are locally incorporated in Vietnam.
MarketVector Vietnam Local Index is the exclusive property of MarketVector Indexes GmbH (a wholly owned subsidiary of the Adviser), which has contracted with Solactive AG to maintainand calculate the Index. Solactive AG uses its best efforts to ensure that the Index is calculated correctly. Irrespective of its obligations towards MarketVector Indexes GmbH, Solactive AG
has no obligation to point out errors in the Index to third parties. The VanEck Vietnam ETF is not sponsored, endorsed, sold or promoted by MarketVector Indexes GmbH and MarketVector
Indexes GmbH makes no representation regarding the advisability of investing in the Fund.
Investing involves substantial risk and high volatility, including possible loss of principal. An investor should consider the investment objective, risks, charges andexpenses of the 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.
This content is published in the United States for residents of specified countries. Investors are subject to securities and tax regulations within their applicable jurisdictions that are notaddressed on this content. Nothing in this content should be considered a solicitation to buy or an offer to sell shares of any investment in any jurisdiction where the offer or solicitation would
be unlawful under the securities laws of such jurisdiction, nor is it intended as investment, tax, financial, or legal advice. Investors should seek such professional advice for their particularsituation and jurisdiction.
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FUND TICKER: VNM

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