BUZZ Investing: Early-Year Strength Meets February Reset
February 25, 2026
Read Time 8 MIN
U.S. equities navigated a volatile and increasingly risk-averse period from January 8 to February 11, 2026 (the “Period”), as early-year momentum gave way to aggressive selling pressure in early February. While markets entered the year on a constructive footing, building on January’s modest gains with the S&P 500 briefly surpassing 7,000 for the first time and small caps showing relative strength, broad indices faced renewed headwinds as investor scrutiny intensified around artificial intelligence investment cycles, capital expenditure burdens, and potential disruption to incumbent sectors. The S&P 500 declined notably in the first two weeks of February, reflecting sharp pullbacks in technology and software names amid fears that AI-driven shifts could erode margins and displace traditional models, while broader dispersion widened between perceived AI winners and losers. Against this backdrop, the BUZZ NextGen AI US Sentiment Leaders Index (the “BUZZ Index”) experienced amplified downside during the Period, falling 9.1%, consistent with its concentrated exposure to certain thematic market segments, including high-sentiment AI-linked equities undergoing rapid reassessment.
The sell-off in early February was driven by a confluence of factors that heightened caution after three years of strong equity performance. Concerns over escalating AI capital spending raised questions about near-term returns on invested capital and sustainability of profitability in related ecosystems. AI-related productivity gains shaped a narrative which fueled sharp declines in software, IT services, and adjacent sectors seen as vulnerable to disruption. At the same time, geopolitical tensions and evolving tariff discussions re-entered the narrative, prompting a rotation toward perceived defensive and commodity-linked areas of the market. Corporate earnings remained broadly constructive on an absolute basis, but investor reactions were increasingly asymmetric, with guidance scrutiny intensifying and valuation sensitivity rising. As the market digests these dynamics, dispersion may persist, rewarding companies that can validate growth narratives while pressuring those reliant on narrative momentum alone.
The BUZZ Index returned 1.75% during the month of January compared to a return of 1.45% for the S&P 500 Index during the same period. Year-to-date, the BUZZ Index leads the S&P 500 with returns of 1.75% and 1.45%, respectively, as of the end of January.
Micron and Intel Lead BUZZ Gains; Memory Tightness and AI Tailwinds Lift Semis
Micron Technology (NASDAQ: MU) and Intel Corporation (NASDAQ: INTC) were the leading contributors to BUZZ Index performance during the Period, advancing approximately 25 percent and 18 percent, respectively.
Micron benefited from persistent tightness in global memory markets and mounting evidence that AI-driven demand for high-performance chips would continue to outstrip available supply well into 2026 and beyond. The catalyst may have come from Samsung Electronics’ earnings update, where executives emphasized broad-based shortages across key memory categories and described 2026 as a potential “Golden Era” for the industry, with constrained supply growth and meaningful price increases expected early in the year. These comments reinforced the favorable pricing and margin environment for memory suppliers, and Micron’s established role as a major provider into data centers and AI infrastructure positioned it to potentially capture a significant share of this multi-year upcycle.
Intel posted solid net gains despite notable intra-period volatility following its fourth-quarter earnings release in late January. The company exceeded expectations on revenue and profitability but shares initially pulled back sharply on cautious near-term guidance and commentary around supply constraints and challenges in meeting surging AI-related demand. The stock recovered in the days that followed as investors shifted focus to the longer-term trajectory, including progress in regaining manufacturing leadership and expanding its footprint in the growing AI PC and high-performance computing markets. In our view, the overall advance reflected renewed confidence in Intel’s strategic turnaround and its potential to participate meaningfully in the broadening AI ecosystem, even as the company works through near-term execution hurdles.
BUZZ Index Reconstitution Report
Top BUZZ Index Contributors: January 8, 2026 – February 11, 2026
| Company | Ticker | Average Weight (%) | Return Contribution (%) |
| Micron Technology Inc | MU | 3.20 | 0.68 |
| Intel Corp | INTC | 3.01 | 0.49 |
| Applied Digital Corp | APLD | 3.39 | 0.42 |
| GameStop Corp | GME | 3.27 | 0.37 |
| Super Micro Computer Inc | SMCI | 2.47 | 0.20 |
| AST SpaceMobile Inc | ASTS | 3.61 | 0.16 |
| First Majestic Silver Corp | AG | 0.67 | 0.15 |
| Advanced Micro Devices Inc | AMD | 2.67 | 0.13 |
| Apple Inc | AAPL | 1.93 | 0.12 |
| Bloom Energy Corp | BE | 0.47 | 0.11 |
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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Hims & Hers and Opendoor Weigh on BUZZ Index as Structural Pressures Resurface
Hims & Hers Health Inc. (NYSE: HIMS) and Opendoor Technologies Inc. (NASDAQ: OPEN) were the leading detractors to BUZZ Index performance during the Period, declining approximately 50 percent and 26 percent, respectively.
Hims & Hers Health experienced one of the Period’s sharpest declines after the company halted sales of its compounded version of Novo Nordisk’s popular weight-loss drug Wegovy. The decision followed intense regulatory scrutiny from the FDA and a referral to the Department of Justice, as well as a lawsuit from Novo Nordisk alleging patent infringement, unsafe compounding practices, and deceptive marketing. These developments triggered a rapid loss of investor confidence in the sustainability of the company’s recent growth drivers, particularly as broader concerns around decelerating revenue and subscriber trends also resurfaced.
Opendoor Technologies posted a meaningful decline amid heightened risk aversion and spillover effects from the broader “AI scare trade” that pressured real estate-linked names. Investors grew increasingly concerned that advancing AI tools could disrupt traditional home-buying processes and fee-based models, weighing on sentiment across the sector even though Opendoor operates a technology-first iBuying platform. Recent price action appeared to reflect both profit-taking after a run of outsized gains and caution ahead of upcoming earnings that will be closely watched for signs of operational progress under new leadership.
Bottom BUZZ Index Contributors: January 8, 2026 – February 11, 2026
| Company | Ticker | Average Weight (%) | Return Contribution (%) |
| Hims & Hers Health Inc | HIMS | 1.26 | -0.75 |
| Opendoor Technologies Inc | OPEN | 2.72 | -0.75 |
| Strategy Inc | MSTR | 2.74 | -0.72 |
| Palantir Technologies Inc | PLTR | 2.73 | -0.68 |
| Robinhood Markets Inc | HOOD | 1.94 | -0.68 |
| SoFi Technologies Inc | SOFI | 2.37 | -0.66 |
| Rocket Lab Corp | RKLB | 2.89 | -0.57 |
| Amazon.com Inc | AMZN | 2.67 | -0.49 |
| PayPal Holdings Inc | PYPL | 1.40 | -0.47 |
| Oracle Corp | ORCL | 2.62 | -0.46 |
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 February 2026 Rebalance Highlights
Resilient Conviction: Maximum Weight Stocks
The S&P 500’s modest year-to-date performance through the recent BUZZ rebalance has masked sharply higher dispersion and volatility beneath the surface. The “Magnificent 7” group of stocks has fallen roughly 4% so far in 2026, Bitcoin has retraced about 23%, and several former high-momentum names have suffered single-day drops exceeding 10%. Software stocks have endured one of their most severe stretches since 2008, driven by growing investor reassessment of how deeply artificial intelligence may disrupt traditional SaaS models and profitability paths, a phenomenon some market participants have dubbed “SaaSMageddon” to reflect the intensity of the drawdowns. Despite this pressure on recent leaders, the number of BUZZ Index constituents at the maximum 3% weight increased from 13 to 18 this month. Notably, Apple (AAPL), Microsoft (MSFT), and Amazon (AMZN), all core Magnificent 7 members, have returned to the 3% maximum weight cap. AAPL was last capped at 3% in September 2025, MSFT in November 2024, and AMZN in November 2025. While mainstream commentary increasingly warns of a potential market top, sentiment data and BUZZ positioning indicate that conviction in select high-quality names may remain relatively durable.
Salesforce, Inc.
Salesforce, Inc. (NYSE: CRM) has been a defining name in enterprise software for more than two decades. From trading near $5 per share in the depths of the 2008–2009 financial crisis, the company transformed itself into the category leader in cloud-based customer relationship management as internet infrastructure matured and SaaS adoption accelerated. The stock’s journey has been marked by sharp cycles. After peaking near $300 in late 2021, CRM fell with the broader technology sector to around $130 per share. The emergence of generative AI sparked a renewed rally, fueled in part by Salesforce’s launch of Agentforce and other AI-native capabilities, which carried shares to approximately $360 by January 2025. Since then, the stock has given back roughly half its value, reflecting broader market concerns over the capital intensity of AI investment and questions about the pace at which increasingly sophisticated AI agents may encroach on traditional CRM workflows and value propositions. Despite the recent pullback, CRM re-enters the BUZZ Index this month at a 0.40% weight, indicating that some market participants retain confidence in the company’s ability to adapt its platform and remain competitive through significant technological shifts.
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.
© 2026 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.
© 2026 VanEck. VanEck®, VanEck Access the opportunities®, and the stylized VanEck design® are trademarks of Van Eck Associates Corporation.