Net Asset Value(s)

VanEck published NAV figures dated 11 Dec 2025 for its suite of UCITS ETFs, listing shares outstanding, total net asset value and NAV per share for each fund. The largest ETFs by total NAV are VANECK DEFENSE UCITS (~7.27 billion, NAV/sh 60.52), VanEck Gold Miners (~3.69 billion, NAV/sh 96.47) and VanEck Semiconductor (~3.67 billion, NAV/sh 63.62), with other sizable exposures in Uranium & Nuclear (~1.71 billion) and Junior Gold (~1.25 billion). This NAV snapshot provides a timely reference for liquidity, rebalancing and flow analysis across VanEck’s thematic and commodity-focused UCITS offerings, highlighting material investor allocations to defense, mining/precious metals and semiconductors.

Analysis

VanEck published NAV figures dated 11 Dec 2025 for its suite of UCITS ETFs, providing shares outstanding, total net asset value and NAV per share for each fund. The largest funds by total NAV are VANECK DEFENSE UCITS ETF at approximately $7.27 billion (NAV/sh 60.5186), VanEck Gold Miners at $3.69 billion (NAV/sh 96.4664) and VanEck Semiconductor at $3.67 billion (NAV/sh 63.6214), with material size also in Uranium & Nuclear (~$1.71 billion, NAV/sh 58.1692) and Junior Gold (~$1.25 billion, NAV/sh 102.6677).

This snapshot serves as a timely reference for liquidity, rebalancing and flow analysis across VanEck’s thematic and commodity-focused UCITS offerings; concentration of AUM in defense, mining/precious metals and semiconductors signals where investor allocation is clustered. The accompanying sentiment output is neutral and the market impact score is low (0.05), indicating the release is informational rather than a market-moving catalyst.

Key monitoring points are thematic concentration risk and execution friction: large AUM can both enhance secondary market liquidity and amplify sector-specific shocks, while NAV per share levels provide a basis for short-term tracking-error and rebalancing decisions. Investors executing sizeable trades should account for potential market impact and follow subsequent NAV/flow updates to detect shifting demand.

Key Decisions for Investors

• Monitor ongoing AUM and flow updates for the largest VanEck ETFs (Defense, Gold Miners, Semiconductor, Uranium, Junior Gold) to detect concentration shifts and liquidity trends
• When trading meaningful sizes in these UCITS, size positions relative to fund NAV and use limit/working orders to control market impact given thematic concentration
• Consider modest hedges or diversification if current allocations are overweight thematic buckets highlighted here (defense, mining/precious metals, semiconductors) to mitigate sector-specific risk
• Use NAV per share and subsequent NAV releases as checkpoints for tracking error and to time rebalancing rather than treating this single snapshot as a directional signal