Net Asset Value(s)

VanEck published NAVs for its UCITS ETF lineup as of Dec. 9, 2025, providing shares outstanding, total NAV and NAV per share for each fund; the largest funds by NAV are VANECK DEFENSE UCITS ETF (~7.232bn), VanEck Semiconductor UCITS ETF (~3.638bn) and VanEck Gold Miners UCITS ETF (~3.420bn), followed by VanEck Uranium & Nuclear Technologies (~1.692bn) and VanEck S&P Global Mining (~1.053bn). The table also highlights mid‑sized thematic exposures — Video Gaming & eSports (~873m), Crypto & Blockchain (~635m), Rare Earths (~588m) — and shows NAV‑per‑share dispersion (e.g., Gold Miners 91.5580, Semiconductor 63.1518, Hydrogen Economy 7.0569), information useful for benchmarking, portfolio valuation and monitoring investor demand across VanEck’s thematic and commodity strategies.

Analysis

VanEck published net asset values for its UCITS ETF lineup dated 2025-12-09, showing total NAV and shares outstanding for each fund; the largest vehicles by NAV are VANECK DEFENSE UCITS ETF at $7.2323bn, VanEck Semiconductor UCITS ETF at $3.6375bn and VanEck Gold Miners UCITS ETF at $3.4197bn. Several other sizable sector plays include VanEck Uranium & Nuclear Technologies at $1.6917bn and VanEck S&P Global Mining at $1.0529bn, indicating concentration in defense, semiconductors and commodities-related strategies.

The table highlights mid-sized thematic demand with Video Gaming & eSports at $872.8m, VanEck Crypto and Blockchain at $634.9m and Rare Earth and Strategic Metals at $587.9m, illustrating investor allocation into technology, digital-asset adjacent and strategic-metals themes. NAV-per-share dispersion is notable (e.g., Gold Miners 91.5580, Semiconductor 63.1518, Hydrogen Economy 7.0569), reflecting differing share counts and price bases across funds that affect per-share exposure and benchmarking.

The provided sentiment is neutral with low market-impact score, so the release is primarily informational rather than a market-moving event; the snapshot is useful as a liquidity and demand signal across VanEck thematic ETFs. Investors should monitor subsequent NAV and shares-outstanding releases to detect flows or issuance/redemption activity, and be mindful of concentration risk in the largest funds when using these ETFs as core theme exposures.

Key Decisions for Investors

• Consider core exposure to the largest, more liquid VanEck UCITS ETFs (Defense, Semiconductor, Gold Miners) for thematic beta while explicitly sizing positions to limit concentration risk
• Treat mid-sized thematic funds (Video Gaming & eSports, Crypto & Blockchain, Rare Earths) as satellite allocations and monitor AUM/NAV trends for liquidity changes before increasing sizing
• Track daily NAV, shares outstanding and subsequent NAV releases to identify flows, issuance/redemption activity and potential changes in tracking characteristics
• Do not initiate tactical trades solely on this NAV publication given neutral sentiment and low market-impact score; instead use the data as a baseline for rebalancing or liquidity checks