BUZZ Investing: "Meme Stocks" Lead Market Gains
July 31, 2025
Read Time 6 MIN
Key Takeaways
- Strong performance of the BUZZ index shows a market that is heavily driven by sentiment and attention with a renewed focus on "meme stocks".
- Top contributors are Coinbase, Rocket Lab and SoFi, reflecting investor enthusiast for digitally native and social media favored companies.
- Optimism around generative AI and signals from the Federal Reserve about potential rate cuts have fueled continued market gains and risk-on sentiment. However, the rally is showing signs of fatigue as market leadership narrows.
Past performance is no guarantee of future results. Index performance is not illustrative of fund performance. Not intended as a recommendation to buy or to sell any of the securities mentioned herein.
Equity markets advanced during the recent period between index selection dates (June 12, 2025 – July 10, 2025, the “Period”), extending gains from earlier in the quarter and pushing major U.S. indices further into record territory. The BUZZ NextGen AI US Sentiment Leaders Index ("BUZZ Index") returned 11.5% during the Period, compared to a gain of 4.0% for the S&P 500. Year to date, the BUZZ Index has returned 25.4%, outperforming/underperforming the S&P 500’s 7.5% gain. Enthusiasm around generative AI remained a dominant force, with large-cap technology continuing to lead, though signs of rally fatigue emerged as breadth narrowed. Economic data released during the Period offered a mixed picture: while the labor market showed further signs of softening, including a modest rise in unemployment claims and slower payroll growth, consumer spending remained firm and forward inflation indicators were largely stable. The Federal Reserve kept rates on hold at its June meeting and signaled a cautious but growing willingness to consider cuts later in the year, though internal divisions remain over the pace and trigger points for policy easing.
Geopolitical developments continued to influence market sentiment. The U.S. maintained a heightened military presence in the Middle East following June’s targeted strikes in Iran, though tensions appeared to stabilize as diplomatic channels reopened. In commodities, both crude oil and gold were little changed during the Period. For crude, easing geopolitical tensions offset prior supply concerns, while steady inventory data reinforced a more balanced outlook. Gold traded in a narrow range, as stable real yields and waning immediate macro risks tempered investor demand for traditional hedges. In terms of fixed income, Treasury yields edged lower, particularly at the front end, as markets priced in higher odds of a rate cut before year-end. Credit conditions remained supportive, with spreads holding firm and issuance levels consistent with seasonal norms.
Overall, the Period was characterized by persistent equity strength, resilient macro data, and a market increasingly focused on signals from the Fed and developments across key geopolitical flashpoints. The BUZZ Index returned 12.68% during the month of June compared to a return of 5.09% for the S&P 500 Index during the same period. Year-to-date, the BUZZ Index leads the S&P 500 with returns of 22.08% and 6.20%, respectively, as of the end of June.
Shares of crypto, space, and fintech leaders pace BUZZ Index Gains
Shares of Coinbase Global (NASDAQ: COIN) surged 61.4% during the Period, leading gains within the BUZZ Index. The move followed renewed optimism across the digital asset space, driven by a combination of rising crypto prices, increased ETF inflows, and growing retail engagement. Regulatory sentiment also appeared to improve modestly after a key SEC enforcement case was delayed, a development some investors viewed as a potential tailwind for the broader ecosystem. Rocket Lab USA (NASDAQ: RKLB) gained 48.1%, supported by a return to launch activity and bullish sentiment around the company’s competitive positioning in the small-launch segment. Rocket Lab successfully completed its seventh mission of the year, a milestone that may have reinforced confidence in its ability to scale operations and secure government and commercial contracts. SoFi Technologies (NASDAQ: SOFI) rose 40.7% as investors responded positively to continued growth in its lending and financial services business. While some of the move may reflect short covering, improved guidance and higher visibility into profitability targets appeared to support the rally, positioning SOFI as a standout within the fintech space during the Period.
BUZZ Index Reconstitution Report
Top BUZZ Index Contributors: June 12, 2025 – July 10, 2025
| Company | Ticker | Average Weight (%) | Return Contribution (%) |
| Coinbase Global Inc | COIN | 3.58 | 1.67 |
| Rocket Lab Corp | RKLB | 3.10 | 1.32 |
| SoFi Technologies Inc | SOFI | 3.22 | 1.20 |
| Robinhood Markets Inc | HOOD | 3.44 | 1.05 |
| AST SpaceMobile Inc | ASTS | 3.76 | 0.84 |
| Advanced Micro Devices Inc | AMD | 3.25 | 0.67 |
| Unity Software Inc | U | 2.65 | 0.51 |
| Super Micro Computer Inc | SMCI | 3.19 | 0.49 |
| Uber Technologies Inc | UBER | 2.53 | 0.41 |
| NVIDIA Corp | NVDA | 3.07 | 0.39 |
Source: BUZZ Holdings ULC, Bloomberg. Past performance is no guarantee of future results. Index performance is not illustrative of fund performance. Not intended as a recommendation to buy or to sell any of the securities mentioned herein.
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Shares of HIMS and UNH among declining stocks in the BUZZ Index
Shares of Hims & Hers Health (NASDAQ: HIMS) declined approximately 12% during the Period, primarily driven by the sudden termination of its partnership with Novo Nordisk. Novo alleged that Hims was improperly marketing and distributing compounded versions of Wegovy, which Hims denies. The development triggered a sharp selloff in late June and was followed by investor lawsuits alleging misleading disclosures. While some investors view the decline as overdone given the company’s broader telehealth momentum, concerns around regulatory scrutiny and brand reputation placed meaningful pressure on the stock. UnitedHealth Group (NYSE: UNH) fell 6.0% during the Period, as continued headwinds in its Medicare Advantage business weighed on investor sentiment. Elevated medical costs, management turnover, and an ongoing Department of Justice investigation into billing practices have challenged near-term visibility. While the company’s diversified platform may support a longer-term recovery, recent performance reflects growing concern about margin compression and the potential for further downside revisions.
Bottom BUZZ Index Contributors: June 12, 2025 – July 10, 2025
| Company | Ticker | Average Weight (%) | Return Contribution (%) |
| Hims & Hers Health Inc | HIMS | 2.58 | -0.39 |
| UnitedHealth Group Inc | UNH | 2.58 | -0.14 |
| AppLovin Corp | APP | 0.62 | -0.09 |
| Tesla Inc | TSLA | 2.86 | -0.08 |
| Rivian Automotive Inc | RIVN | 1.03 | -0.05 |
| ServiceNow Inc | NOW | 0.35 | -0.04 |
| TG Therapeutics Inc | TGTX | 0.53 | -0.03 |
| Enphase Energy Inc | ENPH | 0.28 | -0.03 |
| Eli Lilly & Co | LLY | 0.54 | -0.03 |
| Target Corp | TGT | 0.14 | -0.03 |
Source: BUZZ Holdings ULC, Bloomberg. Past performance is no guarantee of future results. Index performance is not illustrative of fund performance. Not intended as a recommendation to buy or to sell any of the securities mentioned herein.
BUZZ Index July 2025 Rebalance Highlights
eVTOL Sector
The eVTOL sector has gained renewed momentum this year, drawing investor interest back to several names that went public through SPAC mergers during the 2021 wave. Joby Aviation (NYSE: JOBY) and Archer Aviation (NYSE: ACHR), two of the more prominent entrants from that period, saw their shares decline sharply in 2022 alongside broader market weakness. Both stocks bottomed in December 2022, with JOBY trading at $3.35 and Archer at $1.80. Since then, performance has been strong. Joby closed the Period at $12.33, while Archer finished at $10.78. Operational milestones may have supported the rally. Both companies have secured partnerships with major airports, conducted successful test flights, and are moving closer to the commercial rollout of air taxi services. While the long-term adoption of eVTOL remains uncertain, investor sentiment has clearly improved. Joby returns to the BUZZ Index this month at a weight of 0.48%, while Archer makes its first appearance, entering with a weight of 1.77%.
AI-Related Stocks
AI has undeniably transformed the global tech landscape, building on decades of hardware and software innovation to enable a new wave of intelligent applications. As adoption accelerates, a growing number of new companies are being formed to support the expanding infrastructure needs, ranging from energy and storage to data transmission. One example is Nebius Group (NASDAQ: NBIS), which aims to provide a comprehensive AI pipeline to a broad range of users. Although the company originally IPO’d in 2011, trading in its shares was suspended in 2022 due to its relationships with Russian entities following the invasion of Ukraine. Its AI business was subsequently spun out, and the stock resumed trading in October 2024. At the same time, AI is being integrated into specialized use cases across a wide range of industries. One notable example is healthcare, where AI helps reduce human error in diagnostics and data analysis. Tempus AI (NASDAQ: TEM) has become a recognized name in this space. Following its IPO in May 2024, the stock quickly gained traction among online investors. Over the past two years, it has traded in a volatile range between $30 and $90, though sentiment has continued to strengthen in recent months. This month, both NBIS and TEM make their first appearances in the BUZZ Index, with weights of 1.73% and 0.41%, respectively.
BUZZ | VanEck Social Sentiment ETF
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Important Disclosures
Company data is the source for all particular company information quoted.
Definitions: The S&P 500 is a stock market index of 500 of the largest companies listed on stock exchanges in the United States. The Nasdaq Composite Index is a stock market index that consists of the stocks that are listed on the Nasdaq stock exchange. S&P Banks Select Industry Index comprises stocks in the S&P Total Market Index that are classified in the GICS asset management & custody banks, diversified banks, regional banks, other diversified financial services and thrifts & mortgage finance sub-industries. Markit CDX North America High Yield Index represents one hundred liquid North American entities with high yield credit ratings as published by Markit. COBE VIX Index is a real-time market index representing the market's expectations for volatility over the coming 30 days.
This is not an offer to buy or sell, or a recommendation to buy or sell any of the securities/financial instruments mentioned herein. The information presented does not involve the rendering of personalized investment, financial, legal, or tax advice. Certain statements contained herein may constitute projections, forecasts and other forward looking statements, which do not reflect actual results, are valid as of the date of this communication and subject to change without notice. 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 3rd party data. The information herein represents the opinion of the author(s), but not necessarily those of VanEck.
An investment in the Fund may be subject to risks which include, among others, risks related to social media analytics, equity securities, medium-capitalization companies, information technology sector, communication services sector, consumer discretionary sector, market, operational, high portfolio turnover, 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. Medium-capitalization companies may be subject to elevated risks.
Investing in companies based on social media analytics involves the potential risk of market manipulation because social media posts may be made with an intent to inflate, or otherwise manipulate, the public perception of a company stock or other investment. Although the Sentiment Leaders Index provider attempts to mitigate the potential risk of such manipulation by employing screens to identify posts which may be computer generated or deceptive and by employing market capitalization and trading volume criteria to remove companies which may be more likely targets for such manipulation, there is no guarantee that the Sentiment Leaders Index's model will successfully reduce such risk. Furthermore, text and sentiment analysis of social media postings may prove inaccurate in predicting a company's stock performance.
An investor cannot invest directly in an index. Returns reflect past performance and do not guarantee future results. Results reflect the reinvestment of dividends and capital gains, if any. Certain indices may take into account withholding taxes. Index returns do not represent Fund returns. The Index does not charge management fees or brokerage expenses, nor does the Index lend securities, and no revenues from securities lending were added to the performance shown.
BUZZ NextGen AI US Sentiment Leaders Index (the “BUZZ Index”) is a product of BUZZ Holdings ULC (“BUZZ Holdings”), and has been licensed to Van Eck Associates Corporation for use in connection with the VanEck Social Sentiment ETF.
“BUZZ” is a trademark of BUZZ Holdings, which has been licensed by Van Eck Associates Corporation for use in connection with the BUZZ Index.
VanEck Social Sentiment ETF is not sponsored, endorsed, sold or promoted by BUZZ Holdings, or its shareholders, or the licensor of the BUZZ Index and/or its affiliates and third party licensors. BUZZ Holdings makes no representation or warranty, express or implied, to the owners of the VanEck Social Sentiment ETF or any member of the public regarding the advisability of investing in securities generally or in VanEck Social Sentiment ETF, particularly or the ability of the BUZZ Index to track general market performance.
BUZZ Holdings’ only relationship to Van Eck Associates Corporation with respect to the BUZZ Index is the licensing of the BUZZ Index and certain trademarks of BUZZ Holdings. The BUZZ Holdings are determined and composed by BUZZ Holdings without regard to Van Eck Associates Corporation or the VanEck Social Sentiment ETF. BUZZ Holdings has no obligation to take the needs of Van Eck Associates Corporation or the owners of VanEck Social Sentiment ETF into consideration in determining and composing the BUZZ Index.
BUZZ Holdings are not responsible for and have not participated in the determination of the prices of VanEck Social Sentiment ETF or the timing of the issuance or sale of securities of VanEck Social Sentiment ETF or in the determination or calculation of the equation by which VanEck Social Sentiment ETF securities may be converted into cash, surrendered, or redeemed, as the case may be. BUZZ Holdings have no obligation or liability in connection with the administration, marketing or trading of VanEck Social Sentiment ETF. There is no assurance that investment products based on the BUZZ Index will accurately track index performance or provide positive investment returns. BUZZ Holdings is not an investment advisor and the inclusion of a security in the BUZZ Index is not a recommendation by BUZZ Holdings to buy, sell, or hold such security, nor should it be considered investment advice.
BUZZ HOLDINGS DOES NOT GUARANTEE THE ADEQUACY, ACCURACY, TIMELINESS AND/OR THE COMPLETENESS OF THE BUZZ INDEX OR ANY DATA RELATED THERETO OR ANY COMMUNICATION WITH RESPECT THERETO, INCLUDING BUT NOT LIMITED TO, ORAL OR WRITTEN COMMUNICATION (INCLUDING ELECTRONIC COMMUNICATIONS). BUZZ HOLDINGS SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY FOR ANY ERRORS, OMISSIONS, OR DELAYS THEREIN. BUZZ HOLDINGS MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES, OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE OR AS TO RESULTS TO BE OBTAINED BY Van Eck Associates Corporation, OWNERS OF THE VanEck Social Sentiment ETF, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE BUZZ INDEX OR WITH RESPECT TO ANY DATA RELATED THERETO. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT WHATSOEVER SHALL BUZZ HOLDINGS BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES INCLUDING BUT NOT LIMITED TO, LOSS OF PROFITS, TRADING LOSSES, LOST TIME OR GOODWILL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, WHETHER IN CONTRACT, TORT, STRICT LIABILITY, OR OTHERWISE. THERE ARE NO THIRD PARTY BENEFICIARIES OF ANY AGREEMENTS OR ARRANGEMENTS BETWEEN BUZZ HOLDINGS AND Van Eck Associates Corporation, OTHER THAN THE LICENSORS OF BUZZ HOLDINGS.
Effective August 18, 2016, BUZZ Indexes Inc. implemented changes to the BUZZ NextGen AI US Sentiment Leaders Index construction rules. The index constituent count was increased from 25 to 75 stocks and the maximum constituent weight was reduce from 15% to 3%. These change may result in more a diversified exposure to index constituents than under the rules in effect prior to this date. Past performance is no guarantee of future results.
The S&P 500® Index is a product of S&P Dow Jones Indices LLC and/or its affiliates and has been licensed for use by Van Eck Associates Corporation. Copyright©2025 S&P Dow Jones Indices LLC, a division of S&P Global, Inc., and/or its affiliates. All rights reserved. Redistribution or reproduction in whole or in part are prohibited without written permission of S&P Dow Jones Indices LLC. For more information on any of S&P Dow Jones Indices LLC’s indices please visit www.spdji.com. S&P® is a registered trademark of S&P Global and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC. Neither S&P Dow Jones Indices LLC, Dow Jones Trademark Holdings LLC, their affiliates nor their third party licensors make any representation or warranty, express or implied, as to the ability of any index to accurately represent the asset class or market sector that it purports to represent and neither S&P Dow Jones Indices LLC, Dow Jones Trademark Holdings LLC, their affiliates nor their third party licensors shall have any liability for any errors, omissions, or interruptions of any index or the data included therein.
Investing involves substantial risk and high volatility, including possible loss of principal. An investor should consider the investment objective, risks, charges and expenses of a 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. Please read the prospectus and summary prospectus carefully before investing.
Van Eck Securities Corporation, Distributor, a wholly owned subsidiary of Van Eck Associates Corporation.
© 2025 VanEck. VanEck®, VanEck Access the opportunities®, and the stylized VanEck design® are trademarks of Van Eck Associates Corporation.
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Important Disclosures
Company data is the source for all particular company information quoted.
Definitions: The S&P 500 is a stock market index of 500 of the largest companies listed on stock exchanges in the United States. The Nasdaq Composite Index is a stock market index that consists of the stocks that are listed on the Nasdaq stock exchange. S&P Banks Select Industry Index comprises stocks in the S&P Total Market Index that are classified in the GICS asset management & custody banks, diversified banks, regional banks, other diversified financial services and thrifts & mortgage finance sub-industries. Markit CDX North America High Yield Index represents one hundred liquid North American entities with high yield credit ratings as published by Markit. COBE VIX Index is a real-time market index representing the market's expectations for volatility over the coming 30 days.
This is not an offer to buy or sell, or a recommendation to buy or sell any of the securities/financial instruments mentioned herein. The information presented does not involve the rendering of personalized investment, financial, legal, or tax advice. Certain statements contained herein may constitute projections, forecasts and other forward looking statements, which do not reflect actual results, are valid as of the date of this communication and subject to change without notice. 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 3rd party data. The information herein represents the opinion of the author(s), but not necessarily those of VanEck.
An investment in the Fund may be subject to risks which include, among others, risks related to social media analytics, equity securities, medium-capitalization companies, information technology sector, communication services sector, consumer discretionary sector, market, operational, high portfolio turnover, 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. Medium-capitalization companies may be subject to elevated risks.
Investing in companies based on social media analytics involves the potential risk of market manipulation because social media posts may be made with an intent to inflate, or otherwise manipulate, the public perception of a company stock or other investment. Although the Sentiment Leaders Index provider attempts to mitigate the potential risk of such manipulation by employing screens to identify posts which may be computer generated or deceptive and by employing market capitalization and trading volume criteria to remove companies which may be more likely targets for such manipulation, there is no guarantee that the Sentiment Leaders Index's model will successfully reduce such risk. Furthermore, text and sentiment analysis of social media postings may prove inaccurate in predicting a company's stock performance.
An investor cannot invest directly in an index. Returns reflect past performance and do not guarantee future results. Results reflect the reinvestment of dividends and capital gains, if any. Certain indices may take into account withholding taxes. Index returns do not represent Fund returns. The Index does not charge management fees or brokerage expenses, nor does the Index lend securities, and no revenues from securities lending were added to the performance shown.
BUZZ NextGen AI US Sentiment Leaders Index (the “BUZZ Index”) is a product of BUZZ Holdings ULC (“BUZZ Holdings”), and has been licensed to Van Eck Associates Corporation for use in connection with the VanEck Social Sentiment ETF.
“BUZZ” is a trademark of BUZZ Holdings, which has been licensed by Van Eck Associates Corporation for use in connection with the BUZZ Index.
VanEck Social Sentiment ETF is not sponsored, endorsed, sold or promoted by BUZZ Holdings, or its shareholders, or the licensor of the BUZZ Index and/or its affiliates and third party licensors. BUZZ Holdings makes no representation or warranty, express or implied, to the owners of the VanEck Social Sentiment ETF or any member of the public regarding the advisability of investing in securities generally or in VanEck Social Sentiment ETF, particularly or the ability of the BUZZ Index to track general market performance.
BUZZ Holdings’ only relationship to Van Eck Associates Corporation with respect to the BUZZ Index is the licensing of the BUZZ Index and certain trademarks of BUZZ Holdings. The BUZZ Holdings are determined and composed by BUZZ Holdings without regard to Van Eck Associates Corporation or the VanEck Social Sentiment ETF. BUZZ Holdings has no obligation to take the needs of Van Eck Associates Corporation or the owners of VanEck Social Sentiment ETF into consideration in determining and composing the BUZZ Index.
BUZZ Holdings are not responsible for and have not participated in the determination of the prices of VanEck Social Sentiment ETF or the timing of the issuance or sale of securities of VanEck Social Sentiment ETF or in the determination or calculation of the equation by which VanEck Social Sentiment ETF securities may be converted into cash, surrendered, or redeemed, as the case may be. BUZZ Holdings have no obligation or liability in connection with the administration, marketing or trading of VanEck Social Sentiment ETF. There is no assurance that investment products based on the BUZZ Index will accurately track index performance or provide positive investment returns. BUZZ Holdings is not an investment advisor and the inclusion of a security in the BUZZ Index is not a recommendation by BUZZ Holdings to buy, sell, or hold such security, nor should it be considered investment advice.
BUZZ HOLDINGS DOES NOT GUARANTEE THE ADEQUACY, ACCURACY, TIMELINESS AND/OR THE COMPLETENESS OF THE BUZZ INDEX OR ANY DATA RELATED THERETO OR ANY COMMUNICATION WITH RESPECT THERETO, INCLUDING BUT NOT LIMITED TO, ORAL OR WRITTEN COMMUNICATION (INCLUDING ELECTRONIC COMMUNICATIONS). BUZZ HOLDINGS SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY FOR ANY ERRORS, OMISSIONS, OR DELAYS THEREIN. BUZZ HOLDINGS MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES, OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE OR AS TO RESULTS TO BE OBTAINED BY Van Eck Associates Corporation, OWNERS OF THE VanEck Social Sentiment ETF, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE BUZZ INDEX OR WITH RESPECT TO ANY DATA RELATED THERETO. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT WHATSOEVER SHALL BUZZ HOLDINGS BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES INCLUDING BUT NOT LIMITED TO, LOSS OF PROFITS, TRADING LOSSES, LOST TIME OR GOODWILL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, WHETHER IN CONTRACT, TORT, STRICT LIABILITY, OR OTHERWISE. THERE ARE NO THIRD PARTY BENEFICIARIES OF ANY AGREEMENTS OR ARRANGEMENTS BETWEEN BUZZ HOLDINGS AND Van Eck Associates Corporation, OTHER THAN THE LICENSORS OF BUZZ HOLDINGS.
Effective August 18, 2016, BUZZ Indexes Inc. implemented changes to the BUZZ NextGen AI US Sentiment Leaders Index construction rules. The index constituent count was increased from 25 to 75 stocks and the maximum constituent weight was reduce from 15% to 3%. These change may result in more a diversified exposure to index constituents than under the rules in effect prior to this date. Past performance is no guarantee of future results.
The S&P 500® Index is a product of S&P Dow Jones Indices LLC and/or its affiliates and has been licensed for use by Van Eck Associates Corporation. Copyright©2025 S&P Dow Jones Indices LLC, a division of S&P Global, Inc., and/or its affiliates. All rights reserved. Redistribution or reproduction in whole or in part are prohibited without written permission of S&P Dow Jones Indices LLC. For more information on any of S&P Dow Jones Indices LLC’s indices please visit www.spdji.com. S&P® is a registered trademark of S&P Global and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC. Neither S&P Dow Jones Indices LLC, Dow Jones Trademark Holdings LLC, their affiliates nor their third party licensors make any representation or warranty, express or implied, as to the ability of any index to accurately represent the asset class or market sector that it purports to represent and neither S&P Dow Jones Indices LLC, Dow Jones Trademark Holdings LLC, their affiliates nor their third party licensors shall have any liability for any errors, omissions, or interruptions of any index or the data included therein.
Investing involves substantial risk and high volatility, including possible loss of principal. An investor should consider the investment objective, risks, charges and expenses of a 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. Please read the prospectus and summary prospectus carefully before investing.
Van Eck Securities Corporation, Distributor, a wholly owned subsidiary of Van Eck Associates Corporation.
© 2025 VanEck. VanEck®, VanEck Access the opportunities®, and the stylized VanEck design® are trademarks of Van Eck Associates Corporation.