Rare Earth ETF
VanEck Rare Earth and Strategic Metals UCITS ETF
Rare Earth ETF
VanEck Rare Earth and Strategic Metals UCITS ETF
Fund Description
Track the enablers of energy transformation and decarbonization. Rare earths and strategic metals are in great demand as economies decarbonize through clean technology, and the pace of technology innovation quickens. Yet supply is restricted, due to the small number of specialist mining companies, many in emerging markets.
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NAV$9.20
as of 04 Nov 2024 -
YTD RETURNS-21.85%
as of 04 Nov 2024 -
Total Net Assets$98.4 million
as of 04 Nov 2024 -
Total Expense Ratio0.59%
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Inception Date24 Sep 2021
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SFDR ClassificationArticle 6
Overview
Fund Description
Track the enablers of energy transformation and decarbonization. Rare earths and strategic metals are in great demand as economies decarbonize through clean technology, and the pace of technology innovation quickens. Yet supply is restricted, due to the small number of specialist mining companies, many in emerging markets.
- A unique peculiar approach to investing Invest in rare earths, through mining stocks
- Soaring demand for these vital commodities
- One-click access to a diversified basked of approximately 20 companies worldwide
Risk Factors: Risk of investing in the natural resources sector, risk of investing in emerging markets, risk of investing in smaller companies. Please refer to the
and the Prospectus for other important information before investing.
Underlying Index
MVIS Global Rare Earth/Strategic Metals Index
Fund Highlights
- A unique peculiar approach to investing Invest in rare earths, through mining stocks
- Soaring demand for these vital commodities
- One-click access to a diversified basked of approximately 20 companies worldwide
Risk Factors: Risk of investing in the natural resources sector, risk of investing in emerging markets, risk of investing in smaller companies. Please refer to the
and the Prospectus for other important information before investing.
Underlying Index
MVIS Global Rare Earth/Strategic Metals Index
Capital Markets
VanEck partners with esteemed market makers to ensure the availability of our products for trading on the mentioned stock exchanges. Our Capital Markets team is committed to continuously monitoring and assessing spreads, sizes, and prices to ensure optimal trading conditions for our clients. Furthermore, VanEck ETFs are available on various trading platforms, and we collaborate with a wider range of reputable Authorized Participants (APs) to promote an efficient and fair trading environment. For more information about our APs and to contact our Capital Markets team, please visit factsheet capital markets.pdfPerformance
Holdings
Portfolio
Literature
Publications
Index
Index Description
The MVIS Global Rare Earth/Strategic Metals Index tracks the performance of the global rare earth and Strategic metals segment. The Index includes companies with at least 50% (25% for current components) of their revenues from rare earth / strategic metals or with mining projects that have the potential to generate at least 50% of their revenues from rare earth / strategic metals when developed.
Index Key Points
Underlying Index
MVIS Global Rare Earth/Strategic Metals Index (MVREMXTR)
Index Composition
The MVIS Global Rare Earth/Strategic Metals Index tracks the performance of the global rare earth and Strategic metals segment. The Index includes companies with at least 50% (25% for current components) of their revenues from rare earth / strategic metals or with mining projects that have the potential to generate at least 50% of their revenues from rare earth / strategic metals when developed.
Minor Metals/Minerals are listed as – Antinomy, Arsenic, Beryllium, Bismuth, Cadmium, Chromium, Cobalt, Gallium, Germanium, Hafnium, Indium, Lithium, Magnesium, Manganese, Molybdenum, Niobium = Columbium, Rhenium, Selenium, Strontium, Tantalum, Tellurium, Thallium, Titanium, Tungsten, Vanadium, Zircon and Zirconium.
Rare Earth Metals / Minerals are listed as – Cerium, Dysprosium, Erbium, Europium, Gadolinium, Holmium, Lanthanum, Lutetium, Neodymium, Praseodymium, Promethium, Samarium, Scandium, Terbium, Thulium, Ytterbium, and Yttrium.
The MVIS Global Rare Earth/Strategic Metals Index includes “Refiners”, “Recyclers” and “Producers” of rare earth / strategic metals and minerals.
Methodology highlights
- All stocks in the investable universe are sorted in terms of free-float market capitalisation in descending order.
- Stocks covering the top 85% of the free-float market capitalisation of the investable universe qualify for selection.
- Existing components between the 85th and 98th percentiles also qualify for the Index.
- If the coverage is still below 90% or the number of components in the Index is still below 20, the largest remaining stocks will be selected until coverage of at least 90% is reached and the number of stocks equals 20.
- In case the number of eligible companies is below 20, additional companies are added by the Index Owner’s decision until the number of sticks equals 20.
For all corporate events that result in a stock deletion from the Index, the deleted stock will be replaced with the highest ranked non-component on the most recent selection list immediately only if the number of components in the Index would drop below 20. The replacement stock will be added at the same weight as the deleted stock. Only in case the number of components drops below its minimum due to a merger of two or more index components, the replacement stock will be added with its uncapped free-float market capitalisation weight. In all other cases, i.e. there is no replacement, the additional weight resulting from the deletion will be redistributed proportionally across all other index constituents.
The Index employs a capping scheme to ensure diversification. All companies are ranked by their free-float market capitalisation. The maximum weight for any single stock is 8%.
If a stock exceeds the maximum weight, then the weight will be reduced to the maximum weight and the excess weight shall be redistributed proportionally across all other Index constituents.
This process is repeated until no stocks have weights exceeding the respective maximum weight.