BUZZ Investing: Early Volatility Gives Way to Stock-Specific Leadership
December 23, 2025
Read Time 7 MIN
Key Takeaways:
- Stock picking overtook macro narrative: Markets moved away from Fed-driven trading toward company-specific fundamentals, with execution and earnings visibility driving returns.
- Selective risk appetite returned: Space and quantum stocks led gains as investors rewarded tangible milestones and clearer paths to commercialization rather than broad speculative themes.
- Expectations reset quickly: Former leaders pulled back as valuations were reassessed, while sentiment shifts lifted new names, underscoring how fast momentum can turn when execution lags.
U.S. equities navigated a choppy but ultimately constructive period between index selection dates (November 13, 2025 – December 11, 2025, the “Period”), with markets transitioning from mid-November volatility toward stabilization and selective leadership by early December. After an initial pullback driven in part by continued pressure on several large-cap technology leaders, performance broadened as investors re-engaged with company-specific fundamentals and earnings visibility improved. Several high-profile stocks that had weighed on indices earlier in the month began to stabilize or recover, while strength emerged across select AI infrastructure and technology-adjacent names. Against this backdrop, the BUZZ NextGen AI US Sentiment Leaders Index (the “BUZZ Index”) declined early in the Period but rebounded sharply, finishing with a gain of 4.7 percent and outperforming both the S&P 500 and Nasdaq Composite over the same window.
Stock-specific developments played a meaningful role in shaping returns. In technology, renewed scrutiny around AI capital spending and competitive dynamics pressured several mega-cap names in November, including NVIDIA and Oracle, following earnings updates that raised questions about the pace of near-term returns on large infrastructure investments. At the same time, other segments of the technology ecosystem benefited from improving visibility into demand, pricing dynamics, and execution. The Federal Reserve’s December rate cut helped stabilize financing conditions, but markets appeared increasingly driven by company-level developments rather than broad policy expectations. Overall, the Period was characterized by an early reset followed by renewed leadership, with performance increasingly determined by differentiation at the individual stock level rather than broad macro direction.
The BUZZ Index returned -12.42% during the month of November compared to a return of 0.25% for the S&P 500 Index during the same period. Year-to-date, the BUZZ Index leads the S&P 500 with returns of 34.85% and 17.81%, respectively, as of the end of November.
Space and Quantum Names Drive BUZZ Gains During the Period
Shares of AST SpaceMobile (NASDAQ: ASTS) and Rocket Lab USA (NASDAQ: RKLB) were among the leading contributors to BUZZ Index performance during the Period, as investor focus returned to tangible execution milestones within the commercial space sector. ASTS advanced following a series of operational updates that underscored progress toward scaled deployment, including the expansion of manufacturing capacity in Texas and Florida and preparations for the launch of its BlueBird 6 satellite later this month. The company also reiterated its goal of deploying 45 to 60 satellites by the end of next year, supported by over $1 billion in contracted revenue commitments from partners. Rocket Lab also gained as the company continued its steady cadence of launches, including the upcoming “Raise and Shine” Electron mission for the Japan Aerospace Exploration Agency and confirmation that two NASA-backed spacecraft had begun their journey toward Mars. Together, the developments may have reinforced confidence in each company’s ability to translate long-term commercial opportunities into near-term operational progress.
Quantum computing stocks also rebounded meaningfully during the Period, with D-Wave Quantum Inc. (NYSE: QBTS) and Rigetti Computing, Inc. (NASDAQ: RGTI) contributing after a sharp correction earlier in the quarter. Shares moved higher as both companies benefited from renewed interest following the stabilization of broader technology markets and company-specific initiatives aimed at commercialization. D-Wave gained after announcing the formation of a dedicated U.S. government-focused business unit, signaling an increased emphasis on securing public-sector contracts tied to national security and infrastructure applications. Rigetti also advanced as its shares broke higher from a multi-week consolidation, reflecting improved technical conditions and renewed buying interest following a deep pullback. The rebound across quantum names may suggest a recalibration after an earlier reset, with investors once again engaging selectively with companies demonstrating clearer paths to adoption and revenue generation.
BUZZ Index Reconstitution Report
Top BUZZ Index Contributors: November 13, 2025 – December 11, 2025
| Company | Ticker | Average Weight (%) | Return Contribution (%) |
| AST SpaceMobile Inc | ASTS | 2.85 | 1.19 |
| Applied Digital Corp | APLD | 3.30 | 1.05 |
| Rocket Lab Corp | RKLB | 1.44 | 0.62 |
| Rigetti Computing Inc | RGTI | 2.65 | 0.38 |
| D-Wave Quantum Inc | QBTS | 1.38 | 0.36 |
| Tesla Inc | TSLA | 3.23 | 0.34 |
| DraftKings Inc | DKNG | 1.56 | 0.31 |
| Intel Corp | INTC | 3.26 | 0.31 |
| UiPath Inc | PATH | 1.12 | 0.29 |
| Carvana Co | CVNA | 0.64 | 0.28 |
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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Opendoor and AMD Weigh on BUZZ as Expectations Recalibrate
Shares of Opendoor Technologies (NASDAQ: OPEN) declined during the Period, weighing on BUZZ Index performance following an exceptional run earlier in the year. The stock faced renewed pressure as investors reassessed execution risk and valuation against the company’s still-developing path to profitability. While management has articulated a multi-year turnaround strategy centered on higher transaction volumes, faster inventory turnover, and improved contribution margins, recent trading suggested that expectations may have moved ahead of near-term fundamentals. The absence of new incremental catalysts during the Period, combined with heightened sensitivity to any signs of margin or cash-flow volatility, contributed to a pullback that left OPEN among the Index’s detractors.
Advanced Micro Devices (NASDAQ: AMD) was also a detractor during the Period, retreating after a strong October rally that followed several high-profile AI partnership announcements. Investor focus shifted toward near-term competitive dynamics within the datacenter and accelerator markets, particularly as questions emerged around the pace at which AMD’s MI450 platform can meaningfully close the gap with NVIDIA’s entrenched ecosystem. While recent customer wins and long-term revenue ambitions remain intact, the stock appeared to consolidate as market participants recalibrated expectations following a rapid re-rating earlier in the fall. The resulting pullback may reflect a reassessment of execution timing and margin trajectory rather than a change in the longer-term strategic narrative but nonetheless weighed on Index performance during the Period.
Bottom BUZZ Index Contributors: November 13, 2025 – December 11, 2025
| Company | Ticker | Average Weight (%) | Return Contribution (%) |
| Opendoor Technologies Inc | OPEN | 2.76 | -0.74 |
| Advanced Micro Devices Inc | AMD | 2.86 | -0.49 |
| IREN Ltd | IREN | 2.77 | -0.25 |
| Snap Inc | SNAP | 1.29 | -0.24 |
| Webull Corp | BULL | 0.58 | -0.21 |
| Netflix Inc | NFLX | 1.12 | -0.21 |
| MARA Holdings Inc | MARA | 0.22 | -0.20 |
| Strategy Inc | MSTR | 2.36 | -0.19 |
| QuantumScape Corp | QS | 1.86 | -0.17 |
| Amazon.com Inc | AMZN | 2.98 | -0.12 |
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 December 2025 Rebalance Highlights
SentinelOne, Inc.
Since President Trump’s return to office, geopolitical risk has moved from a background concern to a more tangible market consideration. Early tariff rhetoric, initially discounted by investors, translated into concrete policy actions in April that briefly disrupted risk assets. Although markets recovered and pushed to new highs, tensions between the U.S. and key global counterparts remain elevated. Competition for strategic resources has intensified, particularly around rare-earth supply chains, as China moves to restrict exports and the U.S. accelerates efforts to rebuild domestic production capacity. These dynamics sit squarely within a broader national security framework that spans defense, infrastructure, and cybersecurity. Against this backdrop, SentinelOne (NYSE: S) is the largest new addition to the BUZZ Index this month. The AI-driven cybersecurity firm operates in a segment closely aligned with these priorities but has lagged higher-profile peers such as CrowdStrike (NASDAQ: CRWD) on a share-price basis this year. In recent weeks, online investor activity has increasingly focused on this divergence, driving a sharp rise in engagement and positioning. SentinelOne enters the BUZZ Index this month with 1.32 percent weight.
Broadcom Inc.
Broadcom (NASDAQ: AVGO) reported earnings on December 11, the BUZZ Index selection date for the month, delivering solid revenue results and constructive forward guidance. The release was followed by a sharp move lower in after-hours trading, which quickly drew heightened attention across online investor forums. The debate around valuation, AI infrastructure spending, and Broadcom’s role within the broader semiconductor ecosystem intensified in the hours following the release. Notably, despite the immediate price reaction, the increase in discussion was accompanied by a net rise in positive sentiment, as many investors may have viewed the pullback as excessive relative to the fundamentals presented in the earnings report. As a result, Broadcom’s weight in the BUZZ Index rises this month from 0.51 percent to 1.61 percent, reflecting the strength and direction of investor sentiment surrounding the earnings event.
For more on rebalancing results and a full breakdown of index constituents added and removed for the month, view the BUZZ Index reconstitution report.
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.
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.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.
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.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.