JULV — VanEck U.S. Equity Buffer ETF - July ☆

, there is no guarantee that it will do so. The returns that the Fund seeks to provide do not include the costs associated with purchasing Shares and certain expenses incurred by the Fund. The Fund has characteristics unlike many other traditional investment products and may not be suitable for all investors. 800.826.2333 | vaneck.com 2 INVESTMENT OBJECTIVE The investment objective of the VanEck U.S.