BUZZ Investing: High-Valuation Tech Stocks Reset
November 26, 2025
Read Time 7 MIN
Key Takeaways:
- Market volatility rose as investors reassessed high-valuation tech and AI sectors.
- BUZZ Index reflected shifts in sentiment toward growth and innovation themes.
- Macro factors like policy signals and trade tensions shaped recent market trends.
U.S. equities were broadly stable during the recent period between index selection dates (October 9, 2025 – November 13, 2025, the “Period”), with both the S&P 500 and Nasdaq Composite posting only minor net changes. Beneath the surface, however, renewed trade tensions, an extended government shutdown, and shifting expectations around Federal Reserve policy created a more uneven backdrop for risk assets. Technology stocks, particularly the large-cap AI and growth-oriented companies that had driven market leadership for much of the year, experienced a valuation reset. This shift weighed on several of the high-profile names that have frequently ranked among the strongest contributors to BUZZ Index performance. As a result, the BUZZ NextGen AI US Sentiment Leaders Index (the “BUZZ Index”) declined 15.2 percent during the Period. Year to date, the BUZZ Index remains solidly positive relative to broader equity benchmarks.
Macroeconomic developments added further complexity. The prolonged government shutdown limited the availability of key economic data, reducing visibility into labor, inflation, and spending trends. At the October meeting, the Federal Reserve delivered its second consecutive 25 basis point rate cut, but subsequent communications from policymakers signaled a more cautious stance toward additional easing, pushing Treasury yields higher into early November. At the same time, escalating U.S. and China tariff announcements and stalled progress in bilateral discussions contributed to renewed concerns around global supply chains and the inflation outlook. While these crosscurrents weighed on high valuation segments of the market, corporate earnings through the heart of the third quart high-valuation segments of the market, corporate earnings through the heart of the third-quarter er reporting season were broadly constructive, with a high proportion of companies exceeding expectations. Overall, the Period reflected a more selective market environment shaped by policy uncertainty, geopolitical friction, and a recalibration within the technology sector.
The BUZZ Index returned 6.03% during the month of October compared to a return of 2.34% for the S&P 500 Index during the same period. Year-to-date, the BUZZ Index leads the S&P 500 with returns of 53.97% and 17.52%, respectively, as of the end of October.
Opendoor Tops BUZZ Contributors while Micro Extends its AI-Driven Rally
Shares of Opendoor Technologies (NASDAQ: OPEN) advanced during the Period, making it the largest contributor to BUZZ Index performance. The stock continued to benefit from renewed optimism around the company’s multi-year turnaround effort, reinforced by commentary from JPMorgan that highlighted a “major transformation” underway under new leadership. Management’s pivot toward a volume-driven acquisition strategy, combined with recalibrated pricing models and a push to clear legacy inventory, was viewed as an important step toward stabilizing contribution margins. Opendoor signaled that home acquisitions are expected to rise at least 35% quarter over quarter in Q4 and reiterated its goal of achieving net-income breakeven by the end of 2026. Investors appeared encouraged by the company’s increased emphasis on AI-enabled pricing tools, workflow automation, and the expansion of ancillary services such as mortgage and warranty offerings, which may enhance transaction economics over time.
Micron Technology (NASDAQ: MU) was another leading contributor, continuing its rally on the back of an increasingly tight memory-chip supply environment. The stock rose as industry data pointed to accelerating demand tied to AI-related infrastructure build-outs and rapidly rising DRAM and NAND pricing. Reports indicating that major competitors such as SK Hynix and Samsung had sold out or paused contract pricing due to surging demand reinforced expectations of a robust pricing cycle heading into year-end. Research firm TrendForce projected fourth-quarter DRAM price increases of 18% to 23%, a backdrop that may meaningfully improve Micron’s profitability outlook. The combination of strong industry fundamentals and growing evidence of supply constraints helped support Micron’s gains during the Period.
BUZZ Index Reconstitution Report
Top BUZZ Index Contributors: October 9, 2025 – November 13, 2025
| Company | Ticker | Average Weight (%) | Return Contribution (%) |
| Opendoor Technologies Inc | OPEN | 2.33 | 0.54 |
| Micron Technology Inc | MU | 1.34 | 0.25 |
| Alphabet Inc | GOOGL | 1.73 | 0.23 |
| Rivian Automotive Inc | RIVN | 0.90 | 0.20 |
| Advanced Micro Devices Inc | AMD | 3.43 | 0.18 |
| Amazon.com Inc | AMZN | 2.62 | 0.18 |
| Apple Inc | AAPL | 2.21 | 0.11 |
| Barrick Mining Corp | B | 0.56 | 0.08 |
| ROBLOX Corp | RBLX | 0.25 | 0.07 |
| Unity Software Inc | U | 0.91 | 0.06 |
Source: BUZZ Holdings ULC, Bloomberg. Past performance is no guarantee of future results. Index performance is not illustrative of fund performance. Not intended as a recommendation to buy or to sell any of the securities mentioned herein.
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Widespread Declines Across Innovation Themes Pressure BUZZ Index Returns
The BUZZ Index’s decline during the Period was driven by a broad-based pullback across several of its larger-weighted, thematically technology-oriented constituents, with each of the top ten detractors falling by more than 20 percent during the Period. A cluster of AI-linked and infrastructure names including Applied Digital Corporation (NASDAQ: APLD), Nebius Group N.V. (NASDAQ: NBIS), Super Micro Computer Inc. (NASDAQ: SMCI), Rigetti Computing Inc. (NASDAQ: RGTI), SoundHound AI Inc. (NASDAQ: SOUN), and AST SpaceMobile Inc. (NASDAQ: ASTS) all declined sharply as investors reassessed valuations across segments tied to data centers, AI hardware, quantum computing, and next-generation connectivity. These companies operate in fast-advancing segments of the technology ecosystem, and their valuations may be more sensitive to shifts in macro uncertainty, higher discount rates, or a market that, during the Period, placed greater weight on near-term execution rather than longer-term potential. While positive online sentiment remained elevated for many of these stocks, price action may reflect a valuation reset rather than a deterioration in their standing within the BUZZ framework.
At the same time, companies linked to digital assets and retail trading activity also weighed on returns. MicroStrategy Inc. (NASDAQ: MSTR) and IREN Ltd. (NASDAQ: IREN) declined alongside renewed volatility in crypto-related markets, while Webull Corporation (NASDAQ: BULL) and Robinhood Markets Inc. (NASDAQ: HOOD) faced pressure in an environment that turned less supportive for high-beta, retail-engagement-driven business models. Together, the drawdowns across AI infrastructure, emerging technology platforms, and trading or crypto-adjacent names reflected a broad cooling in investor appetite for higher-volatility innovation themes during the Period, particularly against a backdrop of shifting policy expectations and a rotation toward more defensive positioning.
Bottom BUZZ Index Contributors: October 9, 2025 – November 13, 2025
| Company | Ticker | Average Weight (%) | Return Contribution (%) |
| Applied Digital Corp | APLD | 2.59 | -1.28 |
| Rigetti Computing Inc | RGTI | 1.44 | -1.00 |
| SoundHound AI Inc | SOUN | 1.56 | -0.92 |
| Nebius Group NV | NBIS | 2.60 | -0.92 |
| Super Micro Computer Inc | SMCI | 2.02 | -0.87 |
| Strategy Inc | MSTR | 2.11 | -0.81 |
| AST SpaceMobile Inc | ASTS | 3.40 | -0.77 |
| IREN Ltd | IREN | 2.38 | -0.64 |
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 November 2025 Rebalance Highlights
Meta Platforms, Inc.
Meta Platforms (NASDAQ: META) has seen its BUZZ Index weight decline from the 3 percent maximum in May to less than half that level over recent months, as investor attention gravitated toward the highest-profile AI names such as NVIDIA (NASDAQ: NVDA), Microsoft (NASDAQ: MSFT), and Alphabet (NASDAQ: GOOGL). While META’s share performance has trailed that cohort, the past month brought a meaningful rise in positive online sentiment despite limited stock-specific news. Market participants may be increasingly attentive to META’s significant investment in foundational AI models and its efforts to integrate AI into next-generation consumer hardware, including its smart-glasses platform. The sentiment shift suggests a potential recalibration of investor expectations around META’s AI roadmap. Accordingly, META’s weighting increases this month to the Index’s maximum 3 percent level.
MP Materials
This month, the BUZZ Index adds a first-time entrant, MP Materials (NYSE: MP). The company operates Mountain Pass, the only rare-earth mine in the United States, an asset once owned by Molycorp before its 2015 bankruptcy and subsequent revival through a 2020 SPAC merger with Fortress Value Acquisition Corp. Rising global demand for rare-earth minerals has elevated the strategic importance of domestic supply, particularly as the U.S. seeks to reduce reliance on China for inputs used in batteries, magnets, and other advanced technologies. Rare earths have increasingly been framed as critical to national security, a shift that has brought substantial federal support for MP, including recent policy actions such as newly announced 25 percent tariffs on Chinese rare-earth imports and the U.S. Department of Defense becoming the company’s largest shareholder. Against this backdrop, investor sentiment has accelerated, bringing MP Materials into the BUZZ Index for the first time at a 0.73 percent 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.
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.