![]() The IIV is based on the current market value of the securities and/or cash required to be deposited in exchange for a Creation Unit. Notwithstanding the foregoing, the Adviser has agreed to pay the offering costs until at least February 1, 2024.Ĥ IIV is an abbreviation for the intraday indicative value of an ETF's Shares (and is also known as the Indicative Optimized Portfolio Value or IOPV), and is disseminated every 15 seconds during regular trading hours. Distributions may vary from time to time.Ģ SMH Fees & Expenses: 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. It does not reflect the yield an investor would have received if they had held the fund over the last twelve months assuming the most recent NAV. This yield figure reflects the interest earned during the period after deducting the fund's expenses for the period. ![]() It is based on the most recent 30-day period. VanEck only serves professional clients in countries where the funds are registered or where funds can be sold in accordance with local private placement rules.ġ 30-Day SEC Yield is a standard yield calculation developed by the Securities and Exchange Commission that allows for fairer comparisons among funds. Past performance is no guarantee of future results. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. The information contained herein: (1) is proprietary to Morningstar (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. 3 Morningstar Ratings: When applicable, ratings shown when the ETF is rated three stars or more for any given period.
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