BUZZ Investing: BUZZ Index Surges as Fed Cut and AI Leaders Drive Gains
October 23, 2025
Read Time 7 MIN
Key Takeaways:
- Fed Pivot: Markets rallied on the Federal Reserve’s rate cut and hints at further easing amid soft labor data.
- AI Tailwind: Intel and AST SpaceMobile soared on landmark AI and telecom partnerships, driving sentiment higher.
- Retail Surge: Meme-like momentum returned with Opendoor and Webull drawing outsized interest from online investors.
U.S. equities posted further gains during the recent period between index selection dates (September 11, 2025 – October 9, 2025, the “Period”), extending their late-summer momentum and pushing major benchmarks to new highs. The S&P 500 rose and the Nasdaq Composite outperformed, supported by optimism surrounding the Federal Reserve’s long-anticipated 25-basis-point rate cut in mid-September. While the decision was widely expected, the accompanying statement struck a notably dovish tone, with policymakers signaling that additional easing may be appropriate should labor conditions continue to soften. Large-cap technology stocks led performance once again, buoyed by resilient earnings and continued enthusiasm around artificial intelligence. Broader markets benefited from the perception that policy is now pivoting toward supporting growth, helping sustain the rally despite lingering geopolitical and trade-related uncertainty. The BUZZ NextGen AI US Sentiment Leaders Index (the “BUZZ Index”) returned 17.4% during the Period versus 2.3% for the S&P 500. Year to date, the BUZZ Index has risen 57.9%, compared to the S&P’s 15.7%.
Monetary policy developments loomed large. On September 17, the Fed delivered a 25 basis point rate cut to bring its benchmark to 4.00-4.25%, citing rising downside risks to employment and affirming expectations for more cuts this year. The statement noted that downside risks to the labor market have increased. Treasury yields broadly fell on the news. Labor data remained soft: the August payrolls miss and rising unemployment had already stoked easing expectations; the weak report still appeared to validate the Fed’s shift. Inflation data showed mixed signals, with core measures remaining sticky even as headline prints flirted with moderation. Tariff risk re-entered the equation, notably with new duties announced on lumber and furniture, complicating the outlook for goods inflation. Overall, the Period was defined by equities pressing higher under the tailwind of monetary easing, while macro crosscurrents around inflation and trade reminded markets that the path ahead may not be entirely smooth.
The BUZZ Index returned 12.14% during the month of September compared to a return of 3.65% for the S&P 500 Index during the same period. Year-to-date, the BUZZ Index leads the S&P 500 with returns of 45.21% and 14.83%, respectively, as of the end of September.
AST SpaceMobile and Intel Lead BUZZ Performance on Landmark Partnership Announcements
Shares of AST SpaceMobile (NASDAQ: ASTS) surged 126.2% during the Period, leading contributors to BUZZ Index performance. The move followed the October 8 announcement of a definitive commercial agreement with Verizon (NYSE: VZ) to offer direct-to-cell service to Verizon customers beginning in 2026, leveraging Verizon’s 850 MHz spectrum alongside ASTS’s space-based network. The deal built on successful voice, video, and messaging demonstrations using unmodified smartphones and was widely viewed as a milestone toward commercial rollout, helping re-rate growth expectations for the space-to-cell category.
Intel (NASDAQ: INTC) rose 53.6% during the Period, supported by a series of high-profile announcements that may have reshaped the company’s AI and PC road map. On September 18, NVIDIA (NASDAQ: NVDA) disclosed a $5 billion investment in Intel stock alongside a multi-year collaboration to co-develop data-center and PC products, including x86 system-on-chips integrating RTX GPU chiplets and deeper NVLink connectivity. The partnership was interpreted as a notable vote of confidence in Intel’s technology stack and potential role in next-generation AI platforms. Momentum may have also reflected the U.S. government’s previously announced 9.9% equity stake in Intel in late August, which aimed to bolster domestic semiconductor capacity and added to the sense of balance-sheet support heading into the fall.
BUZZ Index Reconstitution Report
Top BUZZ Index Contributors: September 11, 2025 – October 9, 2025
| Company | Ticker | Average Weight (%) | Return Contribution (%) |
| AST SpaceMobile Inc | ASTS | 3.65 | 3.65 |
| Intel Corp | INTC | 3.57 | 1.63 |
| Nebius Group NV | NBIS | 3.32 | 1.44 |
| Advanced Micro Devices Inc | AMD | 2.91 | 1.43 |
| Rocket Lab Corp | RKLB | 2.69 | 0.92 |
| Super Micro Computer Inc | SMCI | 2.96 | 0.92 |
| Robinhood Markets Inc | HOOD | 3.11 | 0.88 |
| Tesla Inc | TSLA | 3.30 | 0.61 |
| Oklo Inc | OKLO | 0.87 | 0.61 |
| MARA Holdings Inc | MARA | 1.67 | 0.60 |
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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Rocket and DraftKings Pull Back; Execution Risks and New Competition Pressure Shares
Shares of Rocket Companies (NYSE: RKT) declined during the Period, ranking among the leading detractors to BUZZ Index performance. The weakness followed the completion of its acquisition of Mr. Cooper Group (NASDAQ: COOP) on October 1, a transformative deal that created the largest mortgage originator and servicer in the U.S. While strategically compelling, investors may have been cautious about near-term integration risks, potential margin dilution, and execution complexity. Index rebalancing around the close added further technical pressure, as S&P Dow Jones Indices announced the removal of Mr. Cooper from the S&P SmallCap 600 and the inclusion of Western Union in its place. The shift, combined with subdued housing-market sentiment and persistent interest-rate uncertainty, may have contributed to selling pressure even as the combined platform positions Rocket for long-term scale advantages.
DraftKings (NASDAQ: DKNG) was another notable detractor, retreating amid growing concerns over new forms of competition in online wagering. Shares fell sharply in late September after reports highlighted surging trading volumes on federally regulated prediction-market platforms such as Kalshi and Polymarket, which allow users to trade event-based contracts outside traditional state-regulated sports-betting frameworks. The platforms’ nationwide accessibility and favorable tax treatment drew attention from investors who viewed them as potential disruptors to the sports-betting duopoly of DraftKings and FanDuel. The decline erased much of the stock’s summer gains, as traders reassessed near-term growth prospects despite DraftKings’ continued expansion in legalized markets and steady progress toward profitability.
Bottom BUZZ Index Contributors: September 11, 2025 – October 9, 2025
| Company | Ticker | Average Weight (%) | Return Contribution (%) |
| Rocket Cos Inc | RKT | 1.17 | -0.22 |
| DraftKings Inc | DKNG | 0.51 | -0.15 |
| Affirm Holdings Inc | AFRM | 0.44 | -0.10 |
| Reddit Inc | RDDT | 0.62 | -0.10 |
| ROBLOX Corp | RBLX | 1.13 | -0.08 |
| Upstart Holdings Inc | UPST | 0.54 | -0.08 |
| Strategy Inc | MSTR | 2.74 | -0.06 |
| Dutch Bros Inc | BROS | 0.11 | -0.06 |
| GameStop Corp | GME | 2.97 | -0.06 |
| Rivian Automotive Inc | RIVN | 0.95 | -0.06 |
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 October 2025 Rebalance Highlights
New Entrants to the BUZZ Index
This month, the BUZZ Index welcomes several first-time entrants; many tied to high-profile themes dominating market and social media discussions. IREN Limited (NASDAQ: IREN) and Applied Digital Corporation (NASDAQ: APLD) highlight the continued enthusiasm surrounding AI infrastructure and data center development. Rigetti Computing, Inc. (NASDAQ: RGTI) and D-Wave Quantum Inc. (NYSE: QBTS), both leaders in quantum computing, have also gained attention as optimism builds around the path toward commercial adoption of quantum technologies. Shares of QuantumScape Corporation (NYSE: QS), which operates in the lithium battery space, have quadrupled since June amid renewed interest in next-generation energy storage. Collectively, these stocks reflect strong price momentum and elevated investor engagement. The exception is Webull Corporation (NASDAQ: BULL), the online trading platform that went public in April through its merger with SPAC SK Growth Opportunities Corp. After an early surge which saw its shares rally from $11 to an intra-day high of near $80, the stock quickly retraced to the $11 range and has since mostly traded sideways. Sentiment, however, had remained positive, buoyed by favorable comparisons to Robinhood Markets, Inc. (NASDAQ: HOOD), which has gained more than fourfold since spring. BULL enters the Index as the third-largest new addition this month, with a 2.87% weight.
Opendoor Technologies Inc.
Amid this month’s wave of new entrants to the Index, none has drawn more attention than Opendoor Technologies (NASDAQ: OPEN). The stock’s remarkable rally has evoked comparisons to the early days of the meme-stock era led by GameStop. Between July 1 and July 21, shares surged from $0.50 to $5.00, driven by a rapidly expanding online community of retail investors. Much of the renewed enthusiasm centered on Toronto hedge fund manager Eric Jackson, whose unconventional campaign to spotlight Opendoor’s “value” potential, including daily appearances outside rapper Drake’s Toronto residence holding a sign for the “$OPEN Army”, went viral across social media. Following an initial pullback to $2, the stock extended its advance through August and September, reaching over $10 per share before drifting lower. Sentiment across online platforms remains exceptionally strong, underscoring sustained retail engagement and optimism surrounding the company’s recovery narrative. This month, OPEN holds the highest positive sentiment score in the eligible universe and enters the BUZZ Index at the maximum 3% weight.
For more on rebalancing results and a full breakdown of index constituents added and removed for the month, view the BUZZ Index reconstitution report.
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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.
Cryptocurrency is a digital representation of value that functions as a medium of exchange, a unit of account, or a store of value, but it does not have legal tender status. Cryptocurrencies are sometimes exchanged for U.S. dollars or other currencies around the world, but they are not generally backed or supported by any government or central bank. Their value is completely derived by market forces of supply and demand, and they are more volatile than traditional currencies. The value of cryptocurrency may be derived from the continued willingness of market participants to exchange fiat currency for cryptocurrency, which may result in the potential for permanent and total loss of value of a particular cryptocurrency should the market for that cryptocurrency disappear. Cryptocurrencies are not covered by either FDIC or SIPC insurance. Legislative and regulatory changes or actions at the state, federal, or international level may adversely affect the use, transfer, exchange, and value of cryptocurrency.
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.spglobal.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.
Cryptocurrency is a digital representation of value that functions as a medium of exchange, a unit of account, or a store of value, but it does not have legal tender status. Cryptocurrencies are sometimes exchanged for U.S. dollars or other currencies around the world, but they are not generally backed or supported by any government or central bank. Their value is completely derived by market forces of supply and demand, and they are more volatile than traditional currencies. The value of cryptocurrency may be derived from the continued willingness of market participants to exchange fiat currency for cryptocurrency, which may result in the potential for permanent and total loss of value of a particular cryptocurrency should the market for that cryptocurrency disappear. Cryptocurrencies are not covered by either FDIC or SIPC insurance. Legislative and regulatory changes or actions at the state, federal, or international level may adversely affect the use, transfer, exchange, and value of cryptocurrency.
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.spglobal.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.