DAMVanEck Digital Assets Mining ETF
Fund Description
VanEck Digital Assets Mining ETF (the “Fund”) seeks to track as closely as possible, before fees and expenses, the price and yield performance of the MVIS Global Digital Assets Mining Index (the “Index”), which is intended to track the performance of companies that are participating in the digital assets mining economy.
-
Fund Ticker
DAM -
Exchange
NASDAQ -
Inception Date
03/07/2022 -
ETF Structure
Physical -
Administrator
Van Eck Associates -
Index Ticker
MVDAMTR -
Index Rebalancing
Quarterly
as of 02/03/23
-
30-Day SEC Yield1
1.46% -
Total Net Assets
$1.4M -
Number of Holdings
20 -
Options
Available -
Gross Expense Ratio2
0.50% -
Net Expense Ratio/TER2
0.50% -
Distribution Frequency
Annual -
Next Distribution Date
12/15/2023
Key Documents and Links
Fund Highlights
- Digital asset miners secure, record and store data on the blockchain
- Industry supported by high current demand for digital assets
- Integral, high-growth segment of the digital assets economy
Trading Information
-
Fund Ticker
DAM -
Index Total Return Ticker
MVDAMTR -
NAV
DAMNV -
Intraday NAV (IIV)4
DAMIV -
Shares Outstanding
125,000 -
Estimated Cash
DAMEU -
Total Cash
DAMTC -
CUSIP
92189H763 -
ISIN
US92189H7632
Source: Bloomberg
Fees and Expenses2
-
Management Fee
0.50% -
Other Expenses
-- -
Acquired Fund Fees and Expenses
-- -
Gross Expense Ratio
0.50% -
Fee Waivers and
--
Expense Reimbursement -
Net Expense Ratio/TER2
0.50%
Van Eck Associates Corporation (the “Adviser”) will pay all expenses of the Fund, except for the fee payment under the investment management agreement, acquired fund fees and expenses, interest expense, offering costs, trading expenses, taxes and extraordinary expenses. Notwithstanding the foregoing, the Adviser has agreed to pay the offering costs until at least February 1, 2024.
Investment Professionals
Peter Liao, CFA
- Portfolio Manager and Head of Equity ETFs
- Oversees the Equity ETF Investment Management Team including development and management of index replication and optimization strategies
- Joined VanEck in 2005
- CFA charterholder; member of the CFA Society New York
- BA, Mathematics and Economics, New York University
Griffin Driscoll
- Analyst for Equity ETFs
- Joined VanEck in 2018
- Prior to joining VanEck, ETF Basket Operations Analyst at JPMorgan
- BS, Finance, Providence College
Ralph Lasta
- Analyst for Equity ETFs
- Joined VanEck in 2019
- Prior to VanEck, Intermediate Representative, Exchange Traded Funds at BNY Mellon.
- BS, Accounting, Hunter College
$-0.82
/
-6.69%
Performance History: Average Annual Total Returns* (%)
| 1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR |
LIFE 03/07/22 |
|
|---|---|---|---|---|---|---|---|---|
| DAM (NAV) | 77.17 | -5.97 | 77.17 | -- | -- | -- | -- | -68.75 |
| DAM (Share Price) | 75.84 | -6.05 | 75.84 | -- | -- | -- | -- | -68.65 |
| MVDAMTR (Index) | 76.84 | -6.35 | 76.84 | -- | -- | -- | -- | -68.76 |
| Performance Differential (NAV - Index) | 0.33 | 0.38 | 0.33 | -- | -- | -- | -- | 0.01 |
| 1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR |
LIFE 03/07/22 |
|
|---|---|---|---|---|---|---|---|---|
| DAM (NAV) | -24.93 | -52.14 | -- | -- | -- | -- | -- | -82.36 |
| DAM (Share Price) | -24.70 | -51.72 | -- | -- | -- | -- | -- | -82.17 |
| MVDAMTR (Index) | -24.95 | -52.25 | -- | -- | -- | -- | -- | -82.34 |
| Performance Differential (NAV - Index) | 0.02 | 0.11 | -- | -- | -- | -- | -- | -0.02 |
Top 10 Holdings (%) as of 01/31/23
Daily Holdings
Total Holdings: 20
| Holding Name |
Ticker
|
Shares
|
Market Value (US$) |
% of Net Assets |
|---|---|---|---|---|
| Riot Platforms Inc |
RIOT US
|
19,223
|
120,528 | 9.23 |
| Hive Blockchain Technologies Ltd |
HIVE US
|
34,162
|
118,201 | 9.05 |
| Hut 8 Mining Corp |
HUT US
|
61,180
|
118,077 | 9.04 |
| Cleanspark Inc |
CLSK US
|
33,719
|
106,889 | 8.19 |
| Marathon Digital Holdings Inc |
MARA US
|
14,289
|
103,024 | 7.89 |
| Canaan Inc |
CAN US
|
28,493
|
89,468 | 6.85 |
| Bitfarms Ltd/Canada |
BITF US
|
79,394
|
78,290 | 6.00 |
| Bit Digital Inc |
BTBT US
|
53,034
|
76,369 | 5.85 |
| Applied Blockchain Inc |
APLD US
|
24,220
|
75,082 | 5.75 |
| Cipher Mining Inc |
CIFR US
|
49,836
|
59,803 | 4.58 |
| Top 10 Total (%) | 72.44 | |||
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These are not recommendations to buy or to sell any security. Securities and holdings may vary.
Country Weightings (%)
as of 01/31/23
| Country | % of Net Assets |
|---|---|
| ● United States | 57.53 |
| ● Canada | 15.04 |
| ● Bermuda | 9.05 |
| ● China | 8.82 |
| ● Australia | 4.50 |
| ● Germany | 4.44 |
| ● Other/Cash | 0.61 |
Sector Weightings (%)
as of 01/31/23
| Sector | % of Net Assets |
|---|---|
| ● Information Technology | 86.22 |
| ● Financials | 9.59 |
| ● n/a | 3.58 |
| ● Other/Cash | 0.61 |
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