BUZZ Investing: BUZZ Lags as Market Leadership Broadens
July 17, 2026
Read Time 8 MIN
Key Takeaways
- The BUZZ Index declined 1.2% during the Period (June 11 - July 9, 2026) while the S&P 500 gained 2.1%, as market leadership broadened.
- Robinhood (+24.8%) and ImmunityBio (+23.2%) led gains; AST SpaceMobile (-24.3%) and IREN (-26.4%) led declines.
- Memory and storage stocks gained prominence in the July rebalance, with SanDisk entering at the maximum 3.0% weight.
U.S. equity markets advanced during the recent period between selection dates (June 11, 2026 – July 9, 2026, the “Period”), despite a macro backdrop shaped by renewed geopolitical volatility, shifting rate expectations, and signs of a cooling labor market. The S&P 500 gained 2.1%, the Nasdaq Composite rose 1.6%, while the BUZZ NextGen AI US Sentiment Leaders Index (the “BUZZ Index”) declined 1.2%. The Period began with investors focused on the conflict involving Iran and its implications for oil prices, inflation, and global supply chains. Energy markets moved sharply as developments around the Strait of Hormuz alternately raised and reduced concerns over supply disruption. Equities were comparatively resilient through these swings, suggesting that investors remained willing to look through near-term geopolitical uncertainty where corporate fundamentals and earnings visibility remained supportive.
Monetary policy and economic data pulled markets in opposing directions. At its June meeting, the Federal Reserve held rates steady but signaled a more restrictive path, removing its previous easing bias and reviving the possibility of another rate increase. The 10-year Treasury yield initially fell as geopolitical concerns eased, before reversing course by the end of the Period as investors reassessed inflation, fiscal conditions, and the outlook for monetary policy. The July 2 employment report provided a partial offset, with weaker-than-expected job creation and downward revisions to prior months pointing to cooling hiring momentum, even as unemployment edged down to 4.2%. The softer data reduced some of the pressure created by the Fed’s earlier message but left markets balancing slower growth against inflation that remained above target.
Across the equity landscape, leadership broadened beyond the most concentrated areas of the market, while the SpaceX IPO provided a prominent test of investor appetite for large-scale growth companies. SpaceX shares gained nearly 20% from their $135 IPO price on the first day of trading, lifting the company’s market capitalization to more than $2 trillion. The shares experienced heightened volatility following the initial surge, reflecting some reassessment after the substantial first-day valuation increase. AI-related investment remained an important source of support for equity markets, but performance became more selective as investors distinguished among the potential beneficiaries of the capital-spending cycle, including semiconductors, memory, infrastructure, and software.
The BUZZ Index returned -8.73% during the month of June compared to a return of -0.95% for the S&P 500 Index during the same period. Year-to-date, the BUZZ Index leads the S&P 500 with returns of 14.33% and 10.21%, respectively, as of the end of June.
BUZZ Index Reconstitution Report
ImmunityBio and Robinhood Lead BUZZ Index Gains
ImmunityBio, Inc. (NASDAQ: IBRX) was the leading BUZZ Index gainer during the Period, as its stock rose 23.2%. The shares continued to benefit from investor interest in ANKTIVA, the company’s approved immunotherapy for non-muscle invasive bladder cancer, and the potential for broader adoption across additional indications and international markets. Attention also centered on new clinical and comparative data presented shortly before the Period, including updates across bladder and lung cancer, while investors looked ahead to potential commercial, regulatory, and global expansion milestones. The stock gained further momentum in late June amid speculation that ImmunityBio could move into the Russell 1000 during the index’s reconstitution. Although the company was not ultimately added to the large-cap benchmark, the anticipation may have contributed to increased trading activity and renewed attention toward the shares.
Robinhood Markets, Inc. (NASDAQ: HOOD) also advanced significantly, rising 24.8% during the Period. The stock benefited from strong June trading activity across equities, options, cryptocurrency, and event contracts, reinforcing investor confidence in the platform’s operating momentum. Robinhood also announced several product initiatives during the Period, including the launch of Robinhood Chain, stock tokens, agentic trading capabilities, and additional decentralized finance products intended to broaden the company’s international reach and expand its role beyond traditional retail brokerage. The company’s zero-coupon convertible note offering provided additional capital to support future investment, with a portion of the proceeds allocated to concurrent share repurchases and capped-call transactions intended to reduce potential dilution.
Top BUZZ Index Contributors: June 11, 2026 – July 9, 2026
| Company | Ticker | Average Weight (%) | Return Contribution (%) |
| ImmunityBio Inc | IBRX | 3.29 | 0.71 |
| Robinhood Markets Inc | HOOD | 2.60 | 0.64 |
| Advanced Micro Devices Inc | AMD | 3.36 | 0.39 |
| SoFi Technologies Inc | SOFI | 3.26 | 0.37 |
| Meta Platforms Inc | META | 2.98 | 0.33 |
| UiPath Inc | PATH | 1.43 | 0.20 |
| Rivian Automotive Inc | RIVN | 1.23 | 0.20 |
| International Business Machines | IBM | 0.75 | 0.18 |
| Dell Technologies Inc | DELL | 1.21 | 0.17 |
| ServiceNow Inc | NOW | 3.03 | 0.16 |
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.
AST SpaceMobile and IREN Lead BUZZ Index Decliners
AST SpaceMobile, Inc. (NASDAQ: ASTS) was the leading BUZZ Index detractor during the Period, as its stock declined 24.3%. The shares remained volatile despite the successful June deployment of three BlueBird satellites, redas investors continued to assess the timing and execution risks associated with the company’s planned commercial rollout. Sentiment may have also been affected by the public listing of SpaceX, which brought renewed attention to Starlink’s competing direct-to-device offering and the potential implications for AST SpaceMobile’s market position. The stock recovered briefly late in June before giving back much of that advance in early July.
IREN Limited (NASDAQ: IREN) declined 26.4% during the Period, as investors reassessed the valuation of the AI infrastructure company following a strong earlier advance. The shares moved lower despite several corporate developments, including the expansion of IREN’s European AI cloud platform, its addition to the Russell 1000 Index, and the appointment of senior product and development executives. Investor attention also turned to the company’s equity awards for its co-founders, which raised concerns around dilution and corporate governance. The decline reflected greater selectivity across AI infrastructure stocks as investors weighed long-term growth opportunities against capital requirements, execution risk, and valuation.
Recommended subscription
Bottom BUZZ Index Contributors: June 11, 2026 – July 9, 2026
| Company | Ticker | Average Weight (%) | Return Contribution (%) |
| AST SpaceMobile Inc | ASTS | 2.64 | -0.81 |
| IREN Ltd | IREN | 2.67 | -0.80 |
| Marvell Technology Inc | MRVL | 2.29 | -0.64 |
| Rocket Lab Corp | RKLB | 1.80 | -0.59 |
| Strategy Inc | MSTR | 1.96 | -0.51 |
| Oracle Corp | ORCL | 1.72 | -0.48 |
| Applied Digital Corp | APLD | 1.99 | -0.38 |
| Super Micro Computer Inc | SMCI | 2.80 | -0.37 |
| IonQ Inc | IONQ | 1.25 | -0.27 |
| Galaxy Digital Inc | GLXY | 0.60 | -0.17 |
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 2026 Rebalance Highlights
Memory and Storage-Related Highlights
As enterprises accelerate the adoption of AI, demand for the underlying infrastructure continues to rapidly grow. Much of the market's attention has focused on GPUs, CPUs, and the power infrastructure needed to support them. Increasingly, however, memory and storage have emerged as the next critical bottleneck. Rapid advances in AI models have enabled significantly larger context windows, greater token consumption, and substantially higher volumes of data being read from and written to storage. While computing remains essential for generating AI outputs, the challenge has increasingly shifted toward storing, retrieving, and moving the enormous amounts of data required by the models. Before the AI boom, memory was largely viewed as a commodity business characterized by abundant supply and thin margins. Today, manufacturers are racing to expand capacity as enterprise AI deployments drive unprecedented demand. The shift has become particularly evident in the consumer PC market, where average DDR memory prices have roughly tripled over the past year even as CPU prices have remained relatively stable. As investors increasingly recognize memory as a critical component of the AI infrastructure stack, investor sentiment on companies such as SanDisk (NASDAQ: SNDK) and Western Digital (NASDAQ: WDC) has surged. This month, SNDK enters the July BUZZ Index with the maximum 3.0% weight, while WDC joins the Index with a 0.34% weight.
QXO, Inc.
In a departure from the technology and momentum stocks that often dominate online investor discussions, QXO, Inc. (NYSE: QXO) enters the BUZZ Index for the first time this month. Led by Brad Jacobs, QXO is assembling a major building products distribution platform through acquisitions in a large and fragmented industry, following the approach Jacobs previously used to build XPO, Inc., a logistics company. QXO established its platform through the acquisition of Beacon Roofing Supply in 2025, followed by Kodiak Building Partners in April and TopBuild in July, expanding the company across roofing, lumber and building materials, waterproofing, and insulation. Management plans to use QXO’s increased scale, technology investments, and AI capabilities to integrate these businesses and improve pricing, procurement, inventory management, and customer service. As QXO has progressed from an acquisition strategy to a scaled operating platform, online investor sentiment has become increasingly positive, and the company joins the July BUZZ Index with a 0.34% 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.
To receive more Thematic Investing insights, sign up in our subscription center.
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. The Philadelphia Semiconductor Index (SOX) is a modified market-capitalization-weighted index composed of companies primarily involved in the design, distribution, manufacture, and sale of semiconductors. The MVIS US Listed Semiconductor 25 Index (MVSMHTR) tracks the overall performance of the 25 largest and most liquid U.S.-listed companies involved in semiconductor production and equipment.
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 reduced from 15% to 3%. This 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© 2026 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.
© 2026 VanEck. VanEck®, VanEck Access the opportunities®, and the stylized VanEck design® are trademarks of Van Eck Associates Corporation.
Related Funds
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. The Philadelphia Semiconductor Index (SOX) is a modified market-capitalization-weighted index composed of companies primarily involved in the design, distribution, manufacture, and sale of semiconductors. The MVIS US Listed Semiconductor 25 Index (MVSMHTR) tracks the overall performance of the 25 largest and most liquid U.S.-listed companies involved in semiconductor production and equipment.
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 reduced from 15% to 3%. This 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© 2026 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.
© 2026 VanEck. VanEck®, VanEck Access the opportunities®, and the stylized VanEck design® are trademarks of Van Eck Associates Corporation.