Net Asset Value(s)

VanEck published NAVs dated Dec. 16, 2025 for its suite of UCITS ETFs, showing large asset concentrations in thematic funds: VanEck Defense UCITS ETF leads with roughly 7.12 billion in net assets, followed by VanEck Gold Miners (~3.63bn) and VanEck Semiconductor (~3.47bn); other sizable funds include Uranium & Nuclear (~1.57bn) and Junior Gold Miners (~1.24bn). NAV per share varies materially across the range (for example, Gold Miners 95.12, Junior Gold Miners 101.77, Hydrogen Economy 6.79), and the table lists ISINs, shares outstanding and NAV per share for each ETF. The snapshot is useful for portfolio sizing, liquidity assessment and relative-value comparisons across VanEck’s thematic and credit-focused UCITS products.

Analysis

VanEck published NAVs dated 2025-12-16 for a broad suite of UCITS ETFs showing concentrated assets in several thematic vehicles: VanEck Defense UCITS ETF reported total net assets of 7,118,288,616.70, VanEck Gold Miners UCITS ETF 3,628,742,749.11 and VanEck Semiconductor UCITS ETF 3,471,750,645.08, with other notable pools including Uranium & Nuclear at 1,571,017,555.97 and Junior Gold Miners at 1,241,588,879.65. The table provides shares outstanding, NAV per share and ISINs for each fund, enabling precise AUM and per-share scale comparisons across products.

NAV-per-share varies materially across the lineup (for example, Gold Miners 95.1178, Junior Gold Miners 101.7696 and Hydrogen Economy 6.7910), which affects position-sizing and perceived price levels but does not by itself indicate asset quality. Several credit-focused ETFs report much smaller net assets—Emerging Markets High Yield 41,562,615.94, Global Fallen Angel High Yield 62,161,312.45 and US Fallen Angel High Yield 63,028,035.89—implying relatively thin liquidity compared with the multi‑billion thematic leaders.

The snapshot is directly actionable for liquidity assessment, relative-value sizing and execution planning: large AUM in defense, gold/mining and semiconductors suggests deeper market capacity and tighter spreads, while low‑AUM credit or niche thematic funds carry greater market‑impact and bid/ask risk. Because this is a single-day NAV snapshot, investors should use it as a baseline for sizing and monitor subsequent flows and NAV changes to detect concentration shifts or liquidity deterioration.

Key Decisions for Investors

• Favor larger‑AUM VanEck thematic ETFs (Defense, Gold Miners, Semiconductor) for tactical exposure when execution liquidity and lower market impact are priorities
• Reduce position sizes or use limit/iceberg orders for low‑AUM funds (Emerging Markets High Yield, Fallen Angel series, Hydrogen Economy) because the NAVs indicate materially thinner liquidity
• Incorporate NAV‑per‑share and shares‑outstanding into position‑sizing models to avoid inadvertent concentration due to differing share price scales
• Treat this NAV table as a baseline and monitor subsequent AUM/NAV changes and fund flows to detect emerging liquidity or concentration risks before adding incremental exposure