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DAM
VanEck 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 10/04/22

  • 30-Day SEC Yield1

    -0.54%
  • Total Net Assets

    $1.3M
  • Number of Holdings

    25
  • Options

    Available
  • Gross Expense Ratio2

    0.50%
  • Net Expense Ratio/TER2

    0.50%
  • Distribution Frequency

    Annual
  • Next Distribution Date

    12/16/2022

Index Key Points

Underlying Index: MVIS® Global Digital Assets Mining Index


The Index Composition:
The Index is a rules based, modified market capitalization weighted, float adjusted index intended to give investors a means of tracking the overall performance of companies involved in the digital asset mining segment.


These companies may include those that engage in and/or assist digital asset mining activities, including mining-technology companies that provide hardware, software services or other technologies to companies engaged in digital asset mining activities, and companies engaged in digital asset-related projects that facilitate the adoption of digital assets.


Companies initially eligible for inclusion in Index:

  • Companies that generate at least 50% of its revenues from digital assets mining activities or mining-related technology or (ii) have projects that, when developed, have the potential to generate at least 50% of their revenues from digital asset mining activities or mining-related technologies.
  • Companies that generate at least 50% of their revenues from other digital asset-related projects, including those that operate digital asset exchanges, payment gateways, software services, services to the digital assets industry, digital asset infrastructure businesses, companies facilitating commerce with the use of digital assets, or companies that otherwise generate revenues related to digital asset operations, are initially eligible for inclusion in the Index because such companies facilitate the adoption of digital assets generally, which supports the global digital asset mining segment.
  • Market capitalization greater than $150 million.
  • Three-month average daily turnover greater than $1 million.
  • Minimum trading volume of 250,000 shares each month over last 6 months.

Index provider:
MarketVector Indexes

Index Profile

  • Ticker

    MVDAMTR
  • Inception Date

    12/17/2021
  • Rebalance Frequency

    Quarterly

Index Top 10 Constituents (%) as of 08/31/22

Total Constituents: 24
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full data
Constituent Name Ticker Weightings (%)
Marathon Digital Holdings In MARA US 8.70
Riot Blockchain Inc RIOT US 7.48
Hive Blockchain Technologies HIVE US 6.91
Silvergate Capital Corp-Cl A SI US 6.08
Hut 8 Mining Corp HUT US 5.91
Coinbase Global Inc -Class A COIN US 5.36
Cipher Mining Inc CIFR US 5.20
Canaan Inc CAN US 5.14
Iris Energy Ltd IREN US 4.74
Block Inc SQ US 4.51
Top 10 Total (%) 60.03
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Index Country Weightings (%) as of 08/31/22

  • Country

    % of Net Assets
  • United States

    55.4
  • Canada

    16.7
  • China

    13.6
  • Australia

    4.7
  • Germany

    4.0
  • United Kingdom

    3.9
  • Israel

    1.7

Index Sector Weightings (%) as of 08/31/22

  • Sector

    % of Net Assets
  • Information Technology

    85.2
  • Financials

    14.8