VanEck Gold Miners UCITS ETF

The Product's investment objective is to track, before fees and expenses, the price and yield performance of the MarketVector Global Gold Miners Index (the "Index"). In order to seek to achieve its investment objective, the Manager will normally use a replication strategy by investing directly in the underlying equity securities of the Index, which currently includes common stocks, ADRs and GDRs of selected companies that are involved in mining for gold and generate at least 50% (25% for current Index components) of their revenues from gold and/or silver mining/royalties/streaming or have at least 50% (25% for current Index components) of their mineral resources related to gold and/or silver and that are listed for trading and electronically quoted on a major stock market that is accessible by foreign investors. Where it is not practical or cost efficient for the Fund to fully replicate the Index, the Manager may utilise an optimised sampling methodology. The Product invests in the underlying (physical) securities that make up the Index and does not take part in securities lending. The Product may invest up to 15% of its Net Asset Value directly in shares issued by companies listed on the Shanghai Stock Exchange or the Shenzhen Stock Exchange. The Product may invest more than 20% of its Net Asset Value in emerging markets. The Product may not invest more than 10% of its Net Asset Value in open-ended collective investment schemes. The Product, using a "passive" or indexing investment approach, attempts to approximate the investment performance of the Index by investing in a portfolio of securities that generally replicates the Index. The Manufacturer will regularly monitor the Product's tracking accuracy. The annualised tracking error envisaged is not anticipated to exceed 0.2% under normal market conditions.

Physical replication

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No