VanEck: Tax Loss Harvesting + Putting Sidelined Cash to Work

You are receiving this email as a registered member of Morningstar.com and have asked to receive features, products and services from third party companies. This is a paid advertisement from the sponsor. Advisor Perspectives [VanEck Website]( As we approach the end of 2023 and head into 2024 planning mode, we would like to share a few of our top ideas as well as highlight two recent ETF launches. MUNICIPAL BONDS # [Ride Out 2023 with SMB]( Municipal bonds have historically seen negative performance in September and October – only to rebound in November and December. Investors looking to go on a Muni bond holiday buying spree should consider [the VanEck Short Muni ETF (SMB)](?utm_source=eloqua&utm_medium=email&utm_campaign=advertising&utm_content=49681&elqTrackId=456bcb8856c54327b289092d120ebcf1&elq=2c1a7c4e615443189b203b6a39b1c4f1&elqaid=49681&elqat=1&elqCampaignId=24863), which offers the lowest fees (0.07% net expense ratio) in the short muni bond category. In addition, SMB could be a good strategy for tax loss harvesting season as advisors can lock in their losses and ride out 2023 with tax exempt income. [Read Blog]( INCOME INVESTING [Put Sidelined Cash to Work]( In the current “higher for longer” environment, investment grade corporate floating rate notes may continue to offer an attractive combination of enhanced yields and safety. We have two solutions for the ultrashort investment grade space: [VanEck IG Floating Rate ETF (FLTR)]( and [VanEck CLO ETF (CLOI)](. [Read Blog]( [ETF Launches](#) [VanEck Ethereum Strategy ETF (EFUT)]( Speaking of taxes, we recently launched EFUT which simplifies the complexities of direct ether ownership and, because of its C-Corp structure, may provide potential for increased tax efficiency. [VanEck Office and Commercial REIT ETF (DESK)]( We also recently launched DESK which can be an efficient way for investors to access U.S. office property REITs. Stay Informed with More Investment Research [Subscribe Today]( [Subscribe Today]( Follow Us [Instagram]( [LinkedIn]( [Twitter]( [YouTube]( [Spotify]( [facebook]( IMPORTANT DISCLOSURES For Financial Professionals Only. Not for Distribution to the Public. This is not an offer to buy or sell, or a recommendation to buy or sell any of the securities, financial instruments or digital assets mentioned herein. The information presented does not involve the rendering of personalized investment, financial, legal, tax advice, or any call to action. Certain statements contained herein may constitute projections, forecasts and other forward-looking statements, which do not reflect actual results, are for illustrative purposes only, are valid as of the date of this communication, and are subject to change without notice. Actual future performance of any assets or industries mentioned are unknown. Information provided by third party sources are believed to be reliable and have not been independently verified for accuracy or completeness and cannot be guaranteed. VanEck does not guarantee the accuracy of third party data. The information herein represents the opinion of the author(s), but not necessarily those of VanEck or its other employees. An investment in the VanEck Short Muni ETF (SMB) may be subject to risks which include, among others, municipal securities, credit, interest rate, California, New York, call, market, operational, sampling, index tracking, tax, authorized participant concentration, no guarantee of active trading market, trading issues, passive management, fund shares trading, premium/discount and liquidity of fund shares, and industry concentration risks, all of which may adversely affect the Fund. Municipal bonds may be less liquid than taxable bonds. There is no guarantee that the Fund's income will be exempt from federal, state or local income taxes, and changes in those tax rates or in alternative minimum tax rates or in the tax treatment of municipal bonds may make them less attractive as investments and cause them to lose value. Capital gains, if any, are subject to capital gains tax. The Fund's assets may be concentrated in a particular sector and may be subject to more risk than investments in a diverse group of sectors. An investment in the VanEck IG Floating Rate ETF (FLTR) may be subject to risks which includes, among others, foreign securities, foreign currency, credit, interest rate, floating rate, floating rate LIBOR, restricted securities, financials sector, market, operational, sampling, index tracking, authorized participant concentration, no guarantee of active trading market, trading issues, passive management, fund shares trading, premium/discount and liquidity of fund shares, non-diversified, and index-related concentration risks, all of which may adversely affect the Fund. An investment in the VanEck CLO ETF (CLOI) may be subject to risks which include, but are not limited to, risks related to Collateralized Loan Obligations (CLO), debt securities, LIBOR Replacement, foreign currency, foreign securities, investment focus, newly-issued securities, extended settlement, affiliated fund investment, management and capital preservation, derivatives, cash transactions, market, Sub-Adviser, operational, authorized participant concentration, no guarantee of active trading market, trading issues, fund shares trading, premium/discount, liquidity of fund shares, non-diversified, and seed investor risks, all of which may adversely affect the Fund. Investments in debt securities may expose the Fund to other risks, such as risks related to liquidity, interest rate, floating rate obligations, credit, call, extension, high yield securities, income, valuation, privately-issued securities, covenant lite loans, default of the underlying asset and CLO manager risks, all of which may impact the Fund’s performance. Derivatives may involve certain costs and risks such as liquidity, interest rate, and the risk that a position could not be closed when most advantageous. An investment in the VanEck Office and Commercial REIT ETF (DESK) may be subject to risks which include, among others, risks related to equity securities, real estate sector, REITs, return of capital, small- and medium-capitalization companies, market, operational, index tracking, authorized participant concentration, new fund, no guarantee of active trading market, trading issues, passive management, fund shares trading, premium/discount risk and liquidity of fund shares, non-diversified, and index-related concentration risks, all of which may adversely affect the Fund. Small- and medium-capitalization companies may be subject to elevated risks. Real estate investments may be subject to additional potential risks, such as volatility of real estate values, overbuilding, competition, local or general economic conditions, operating costs, property taxes, zoning laws, casualty or condemnation losses, environmental liabilities, regulatory limitations on rent, lack of availability of mortgage financing, market saturation, fluctuations in rental income and the value of underlying properties, extended vacancies of properties, limited diversification, and borrower or tenant default risks. REITs expose investors to the risks of owning real estate directly, as well as to risks that relate specifically to the way in which REITs are organized and operated; heavy cash flow dependency, default by borrowers, self-liquidation, as well as potentially-reduced Fund returns due to companies failing to meet Internal Revenue Code requirements to quality for tax-free pass-through income. REITs also have expenses such as management and administration fees which are paid by shareholders, and as a result, shareholders will pay a proportionate share of duplicate fees when the Fund invests in REITs. An investment in the VanEck Ethereum Strategy ETF (EFUT) may be subject to risks which include, but are not limited to, risks related to market and volatility, investment (in ETH futures), ETH and ETH futures, futures contract, derivatives, counterparty, investment capacity, target exposure and rebalancing, borrowing and leverage, credit, interest rate, liquidity, investing in other investment companies, management, new fund, non-diversified, operational, portfolio turnover, regulatory, repurchase agreements, tax, cash transactions, authorized participant concentration, no guarantee of active trading market, trading issues, fund shares trading, premium/discount risk and liquidity of fund shares, U.S. government securities, debt securities, municipal securities, money market funds, securitized/mortgage-backed securities, sovereign bond, ETH-related company, ETH-related concentration, and equity securities risks, all of which could significantly and adversely affect the value of an investment in the Fund. Investments in digital assets and Web3 companies are highly speculative and involve a high degree of risk. These risks include, but are not limited to: the technology is new and many of its uses may be untested; intense competition; slow adoption rates and the potential for product obsolescence; volatility and limited liquidity, including but not limited to, inability to liquidate a position; loss or destruction of key(s) to access accounts or the blockchain; reliance on digital wallets; reliance on unregulated markets and exchanges; reliance on the internet; cybersecurity risks; and the lack of regulation and the potential for new laws and regulation that may be difficult to predict. Moreover, the extent to which Web3 companies or digital assets utilize blockchain technology may vary, and it is possible that even widespread adoption of blockchain technology may not result in a material increase in the value of such companies or digital assets. Digital asset prices are highly volatile, and the value of digital assets, and the companies that invest in them, can rise or fall dramatically and quickly. If their value goes down, there’s no guarantee that it will rise again. As a result, there is a significant risk of loss of your entire principal investment. Digital assets are not generally backed or supported by any government or central bank and are not covered by FDIC or SIPC insurance. Accounts at digital asset custodians and exchanges are not protected by SPIC and are not FDIC insured. Furthermore, markets and exchanges for digital assets are not regulated with the same controls or customer protections available in traditional equity, option, futures, or foreign exchange investing. Digital assets include, but are not limited to, cryptocurrencies, tokens, NFTs, assets stored or created using blockchain technology, and other Web3 products. Web3 Companies include but are not limited to, companies that involve the development, innovation, and/or utilization of blockchain, digital assets, or crypto technologies. Investing involves substantial risk and high volatility, including possible loss of principal. An investor should consider the investment objective, risks, charges and expenses of the Fund carefully before investing. To obtain [a prospectus and summary prospectus]( which contain this and other information, call [800.826.2333]( or visit [vaneck.com/etfs](. Please read the [prospectus and summary prospectus]( carefully before investing. 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