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HAP
VanEck Natural Resources ETF

Fund Description

VanEck Natural Resources ETF (HAP®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of VanEck® Natural Resources Index (RVEIT), which is intended to track the overall performance of companies involved in the production and distribution of commodities and commodity- related products and services in the following sectors: Agriculture, Alternatives (Water & Alternative Energy), Base and Industrial Metals, Energy, Forest Products, and Precious Metals.

 
 

  • Fund Ticker

    HAP

  • Exchange

    NYSE Arca

  • Inception Date

    08/29/2008

  • ETF Structure

    Physical

  • Administrator

    Van Eck Associates

  • Index Ticker

    RVEIT

  • Index Rebalancing

    Quarterly

 
as of 10/03/22

  • 30-Day SEC Yield1

    3.43%

  • Total Net Assets

    $121.6M

  • Number of Holdings

    441

  • Options

    Available

  • Gross Expense Ratio2

    0.49%

  • Net Expense Ratio/TER2

    0.49%

  • Distribution Frequency

    Annual

  • Next Distribution Date

    12/16/2022
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How to Buy

Morningstar™ Ratings3
as of 08/31/2022

Category Overall 3 Year 5 Year
Natural Resources
3 stars of 106 funds
3 stars of 106 funds
4 stars of 99 funds

3 Morningstar Ratings: When applicable, ratings shown when the ETF is rated three stars or more for any given period. 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. 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. (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.

© Morningstar, Inc. All Rights Reserved. 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. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Key Points

  • Comprehensive Portfolio
    Index contains global companies involved in six natural resources segments (including agriculture, energy, metals and renewable energy)

  • Utilizes consumption based-weights
    Offers broadly diversified natural resources exposure

  • Includes water and renewable energy
    First commodity equity index to include alternatives

  • No K-1s
    Access to resource equities without burdensome K-1 tax reporting

Trading Information

  • Fund Ticker

    HAP

  • Index Total Return Ticker

    RVEIT

  • NAV

    HAPNV

  • Intraday NAV (IIV)4

    HAPIV

  • Shares Outstanding

    2,700,000

  • Estimated Cash

    HAPEU

  • Total Cash

    HAPTC

  • CUSIP

    92189F841

  • ISIN

    US92189F8418
Source: Bloomberg

Fees and Expenses2

  • Management Fee

    0.49%

  • Other Expenses

    --

  • Gross Expense Ratio

    0.49%

  • Fee Waivers and
    Expense Reimbursement

    --

  • Net Expense Ratio/TER2

    0.49%

2Van 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 May 1, 2023.

Investment Professionals

  • 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
  • Analyst for Equity ETFs
  • Joined VanEck in 2018
  • Prior to joining VanEck, ETF Basket Operations Analyst at JPMorgan
  • BS, Finance, Providence College
  • Analyst for Equity ETFs
  • Joined VanEck in 2019
  • Prior to VanEck, Intermediate Representative, Exchange Traded Funds at BNY Mellon.
  • BS, Accounting, Hunter College

Prices as of 10/03/22

NAV/
Market
Price 		Volume
30-Day Avg./
Last Trading Day 		Daily Change
NAV/
Last Price 		YTD Change NAV/
Last Price 		Premium/
Discount 		30-Day
Median
Bid Ask
Spread 		NAV
Chart
HAP $45.04
$45.05 		12,106
3,361 		$1.72 / +3.97%
$1.73 / +4.00% 		-5.06%
-4.53% 		$0.01
0.01% 		0.19%

Premium/Discount History as of 10/03/22

Calendar Year 2021 4Q 2021 1Q 2022 2Q 2022 3Q 2022 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 187 51 49 57 23
HAP Days closed at NAV 7 2 1 0 4
Days closed at a discount 58 11 12 5 37

Performance History: Average Annual Total Returns* (%)
View All ETFs View All Indices

  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
08/29/08
HAP (NAV) -0.24 -10.33 0.51 5.91 14.16 9.49 5.74 3.36
HAP (Share Price) -0.13 -10.47 1.14 5.81 14.28 9.48 5.74 3.37
RVEIT (Index) 0.13 -10.26 0.74 6.22 14.17 9.64 5.87 3.53
Performance Differential (NAV - Index) -0.37 -0.07 -0.23 -0.31 -0.01 -0.15 -0.13 -0.17
  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
08/29/08
HAP (NAV) -14.64 -17.10 -4.32 0.47 9.92 9.32 5.51 3.04
HAP (Share Price) -14.91 -17.39 -3.87 0.34 9.95 9.24 5.49 3.03
RVEIT (Index) -14.79 -17.26 -4.34 0.57 9.86 9.40 5.63 3.19
Performance Differential (NAV - Index) 0.15 0.16 0.02 -0.10 0.06 -0.08 -0.12 -0.15

*Returns less than one year are not annualized.

The performance data quoted represents past performance. Past performance is not a guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted. Please call 800.826.2333 or visit vaneck.com for performance current to the most recent month ended.

The "Net Asset Value" (NAV) of a Fund is determined at the close of each business day, and represents the dollar value of one share of the fundÍž it is calculated by taking the total assets of the fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV is not necessarily the same as the ETF 's intraday trading value. Investors should not expect to buy or sell shares at NAV.

Top 10 Holdings (%) as of 08/31/22 Daily Holdings

Total Holdings: 434
Swipe
to view
full data
Holding Name
Ticker
Shares
 Market Value
(US$) 		% of Net
Assets
Deere & Co
DE US
19,035
 6,952,534 5.40
Exxon Mobil Corp
XOM US
63,025
 6,024,560 4.68
Chevron Corp
CVX US
29,305
 4,631,948 3.60
Bhp Group Ltd
BHP AU
140,904
 3,851,164 2.99
Bayer Ag
BAYN GR
66,991
 3,545,132 2.75
Nutrien Ltd
NTR US
37,674
 3,457,343 2.69
Archer-Daniels-Midland Co
ADM US
37,972
 3,337,359 2.59
Corteva Inc
CTVA US
49,556
 3,044,225 2.36
Shell Plc
SHEL LN
112,033
 2,970,142 2.31
Conocophillips
COP US
19,331
 2,115,778 1.64
Top 10 Total (%) 31.02
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

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

  • Country

    % of Net Assets
  • ■

    United States

    49.63
  • ■

    Canada

    9.85
  • ■

    Australia

    8.01
  • ■

    United Kingdom

    4.90
  • ■

    Germany

    3.39
  • ■

    Brazil

    3.04
  • ■

    Japan

    2.78
  • ■

    China

    1.73
  • ■

    South Africa

    1.72
  • ■

    France

    1.65
  • ■

    Norway

    1.57
  • ■

    India

    1.21
  • ■

    Spain

    1.03
  • ■

    Chile

    0.87
  • ■

    Finland

    0.84
  • ■

    Sweden

    0.83
  • ■

    South Korea

    0.64
  • ■

    Mexico

    0.50
  • ■

    Malaysia

    0.49
  • ■

    Italy

    0.45
  • ■

    Other/Cash

    4.88

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

  • Sector

    % of Net Assets
  • ■

    Energy

    34.5
  • ■

    Materials

    34.1
  • ■

    Industrials

    9.6
  • ■

    Consumer Staples

    8.9
  • ■

    Utilities

    7.2
  • ■

    Health Care

    3.1
  • ■

    Consumer Discretionary

    1.2
  • ■

    Real Estate

    0.8
  • ■

    Information Technology

    0.3
  • ■

    n/a

    0.1
  • ■

    Other/Cash

    0.3