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HAP

VanEck
Natural Resources ETF

As of November 30, 2025

Fund Details

Fund Ticker HAP
Intraday NAV (IIV) HAPIV
Index Ticker MVGNRTR
Total Net Assets ($M) 197.27
Options Available
Exchange NYSE Arca
Inception Date 08/29/08

Fund Data

Number of Holdings 141
Currency USD
Price/Earnings Ratio* 19.01
Price/Book Ratio* 1.86
Weighted Avg. Market Cap ($M) $100,410
30-Day SEC Yield * 2.26%
NAV: 52 Week High/Low $59.78/$43.28
*30-Day SEC Yield is based on the most recent 30-day period and reflects the investment income earned after deducting a fund’s expenses for the period. This yield does not necessarily reflect the yield that an investor will receive. Distributions may vary from time to time. A weighted harmonic average is used to calculate this metric. Price/Book Ratio is the price of a security divided by the book value per share of the security. Price/Earnings Ratio is the price of a security divided by the last twelve months earnings per share of the security. 

Fees and Expenses

Management Fee 0.40%
Other Expenses 0.02%
Gross Expense Ratio 0.42%
Fee Waivers and
Expense Reimbursement		 --
Net Expense Ratio 0.42%

Van Eck Associates Corporation (the “Adviser”) will pay all expenses of the Fund, except for the fee payment under the investment management agreement, acquired fund fees and expenses, interest expense, offering costs, trading expenses, taxes and extraordinary expenses. Notwithstanding the foregoing, the Adviser has agreed to pay the offering costs until at least May 1, 2026.

About HAP

VanEck Natural Resources ETF (HAP®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of Market Vector® Global Natural Resources Index (MVGNRTR). MVGNRTR tracks the performance of global natural resources companies involved in activities related to a broad spectrum of raw materials and commodities, including metals, energy sources, and agricultural products.

Top 10 Holdings

Holding Name
Ticker
 % of Net Assets
Exxon Mobil Corp
XOM US
 4.79
Deere & Co
DE US
 4.58
Nextera Energy Inc
NEE US
 4.49
Chevron Corp
CVX US
 4.46
Iberdrola Sa
IBE SM
 3.89
Bayer Ag
BAYN GR
 2.70
Corteva Inc
CTVA US
 2.67
Bhp Group Ltd
BHP US
 2.61
Shell Plc
SHEL US
 2.25
Agnico Eagle Mines Ltd
AEM US
 2.22
Top 10 Total 34.67
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Performance History:

Average Annual Total Returns* (%)

Month End as of 11/30/25 1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
08/29/08
HAP (NAV) 4.39 7.98 31.13 20.55 7.56 13.00 10.48 4.62
HAP (Share Price) 4.29 7.89 31.14 20.40 7.40 13.04 10.46 4.62
MVGNRTR (Index) 4.34 7.97 30.97 20.53 7.65 13.00 10.57 4.76
Performance Differential (NAV - Index) 0.05 0.01 0.16 0.02 -0.09 -- -0.09 -0.14
Quarter End as of 09/30/25 1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
08/29/08
HAP (NAV) 3.10 9.96 25.21 10.98 12.99 15.03 10.67 4.39
HAP (Share Price) 3.00 9.88 25.19 11.16 13.00 15.04 10.63 4.39
MVGNRTR (Index) 3.10 9.94 25.06 10.90 12.94 15.09 10.77 4.52
Performance Differential (NAV - Index) -- 0.02 0.15 0.08 0.05 -0.06 -0.10 -0.13

*Returns less than one year are not annualized.

Prior to March 15, 2024, the Fund sought to replicate as closely as possible, before fees and expenses, the price and yield performance of the VanEck® Natural Resources Index. Therefore, performance information prior to March 15, 2024 reflects the performance of the Fund tracking the VanEck Natural Resources Index.

The performance data quoted represents past performance. Past performance is not a guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted. Please call 800.826.2333 or visit vaneck.com for performance current to the most recent month ended.

The Fund’s prospectus has not been submitted for approval to the Belgian Financial Services and Markets Authority (Autoriteit voor Financiële Diensten en Markten / Autorité des Services et Marchés Financiers) and, accordingly, the shares may not be distributed by way of public offering in Belgium and may only be offered to a maximum of 99 investors or to institutional and professional investors (as defined in Article 5, §3 of the Law of July 20, 2004, and as extended by the provisions of the Belgian Royal Decree of September 26, 2006 . These materials may be distributed in Belgium only to such prospective investors for their personal use and may not be used for any other purpose or passed on to any other person in Belgium. Shares will only be offered to such qualifying prospective investors.

The performance data quoted represents past performance. Past performance is not a guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted. Please call 800.826.2333 or visit vaneck.com for performance current to the most recent month ended.

The "Net Asset Value" (NAV) of a Fund is determined at the close of each business day, and represents the dollar value of one share of the fund; it is calculated by taking the total assets of the fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV is not necessarily the same as the ETF 's intraday trading value. Investors should not expect to buy or sell shares at NAV.

HAP

VanEck
Natural Resources ETF

As of November 30, 2025

Top 10 Countries

Country % of Net Assets
United States 44.49
Canada 14.60
Australia 7.68
Brazil 4.09
United Kingdom 4.08
Spain 3.89
Germany 2.70
South Africa 2.68
Japan 2.21
France 1.74
Top 10 Total 88.16

Sector Weightings

Sector % of Net Assets
■ Materials 40.5
■ Energy 29.3
■ Utilities 10.9
■ Industrials 8.9
■ Consumer Staples 6.2
■ Health Care 2.7
■ Information Technology 0.8
■ Real Estate 0.4
■ Other/Cash 0.3

Index returns are not Fund returns and do not reflect any management fees or brokerage expenses. Certain indices may take into account withholding taxes. Investors can not invest directly in the Index. Index returns assume that dividends have been reinvested.

An investment in the Fund may be subject to risks which include, but are not limited to, risks related to investments in natural resources companies, basic materials sector, energy sector, utilities sector, foreign securities, foreign currency, depositary receipts, special risk considerations of investing in European issuers, cash transactions, equity securities, high portfolio turnover, market, operational, index tracking, authorized participant concentration, no guarantee of active trading market, trading issues, passive management, fund shares trading, premium/discount, liquidity of fund shares and index-related 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.

The VanEck® Natural Resources Index has been licensed by Van Eck Associates Corporation from S-Network Global Indexes, Inc. for use in connection with VanEck Natural Resources ETF (HAP). HAP is not sponsored, endorsed, sold or promoted by S-Network Global Indexes, Inc., which makes no representation regarding the advisability of investing in HAP.

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. Please read the prospectus and summary prospectus carefully before investing.

This content is published in the United States for residents of specified countries. Investors are subject to securities and tax regulations within their applicable jurisdictions that are not addressed on this content. Nothing in this content should be considered a solicitation to buy or an offer to sell shares of any investment in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction, nor is it intended as investment, tax, financial, or legal advice. Investors should seek such professional advice for their particular situation and jurisdiction.

Van Eck Securities Corporation, Distributor, a wholly-owned subsidiary of Van Eck Associates Corporation | 666 Third Avenue | New York, NY 10017

FUND TICKER: HAP 800.826.2333 VANECK.COM