VanEck Announces Changes to VanEck ETF Product Line
VanEck announced the closure and liquidation of two ETFs: the VanEck Vectors Emerging Markets Aggregate Bond ETF (EMAG) and the VanEck Vectors Unconventional Oil & Gas ETF (FRAK), effective October 15, 2021. This decision follows an analysis of the funds' performance and investor interest. Shareholders can sell their shares until October 15, with liquidating distributions expected around October 22, 2021. The funds will be delisted and will cease accepting creation orders on October 15. Shareholders should consult their brokers regarding potential transaction fees.
- The liquidation may allow VanEck to refocus on more successful ETFs.
- Shareholders will receive liquidating distributions based on the funds' net asset values.
- The closure of EMAG and FRAK indicates performance issues and lack of investor interest.
- Shareholders may incur transaction fees when selling shares before liquidation.
On
ETF Name |
Ticker |
Exchange |
VanEck Vectors Emerging Markets Aggregate Bond ETF |
EMAG |
NYSE Arca |
VanEck Vectors Unconventional Oil & Gas ETF |
FRAK |
NYSE Arca |
As the sponsor of VanEck ETFs, VanEck continuously monitors and evaluates its ETF offerings across a number of factors, including performance, liquidity, assets under management and investor interest, among others. The decision was made to liquidate these funds based on an analysis of the afore-mentioned factors.
Shareholders of these funds may sell their shares on the listing exchange, NYSE Arca, until market close on
In addition, shareholders who hold shares of these funds may receive a final distribution of net income and capital gains earned by the funds and not previously distributed prior to liquidation.
The final tax status of distributions made by the funds, including the liquidating distribution, will be provided to shareholders with the year-end tax reporting for the funds (including any portion which may be treated as a return of capital for tax purposes, thereby reducing a shareholder’s basis in such shares).
If you have any questions concerning this information or the VanEck ETFs in general, please call 800.826.2333
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
Today, VanEck offers active and passive strategies with compelling exposures supported by well-designed investment processes. As of
Since our founding in 1955, putting our clients’ interests first, in all market environments, has been at the heart of the firm’s mission.
Important Disclosures
Please call 800.826.2333 or visit our website for the most recent month-end performance of VanEck Vectors ETFs.
An investment in VanEck Vectors Emerging Markets Aggregate Bond may be subject to risks which include, among others, foreign securities, emerging market issuers, foreign currency, special risk considerations of investing in European, Asian, Latin American and Mexican, energy and , financial sector issuers, credit, interest rate, high yield securities, sovereign bond, cash transactions, market, operational, call, sampling, index tracking, authorized participant concentration, no guarantee of active trading market, trading issues, passive management, fund shares trading, premium/discount risk and liquidity of fund shares, non-diversified and concentrations risks, all of which may adversely affect the Fund.
An investment in VanEck Vectors Unconventional Oil & Gas ETF may be subject to risks which include, among others, investing in oil and gas companies, unconventional oil and gas, Canadian issuers, energy sector, depositary receipts, small- and medium-capitalization companies, equity securities, market, operational, index tracking, authorized participant concentration, no guarantee of active trading market, trading issues, passive management, fund shares trading, premium/discount risk and liquidity of fund shares, non-diversified and concentration risks, all of which may adversely affect the Fund. Foreign investments are subject to risks, which include changes in economic and political conditions, foreign currency fluctuations, changes in foreign regulations, and changes in currency exchange rates which may negatively impact the Fund's return. Small- and medium-capitalization companies may be subject to elevated risks.
Investors may call 800.826.2333 or visit vaneck.com for a free prospectus and summary prospectus. Investing involves risk, including possible loss of principal. 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.
800.826.2333
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Source: VanEck
FAQ
When will the VanEck ETFs EMAG and FRAK be liquidated?
What should shareholders do before the liquidation of EMAG and FRAK?
What happens to shareholders' investments in EMAG and FRAK after liquidation?
Will there be any fees for selling shares of EMAG and FRAK?