VanEck Natural Resources ETF(AMEX:HAP)

HAP tracks a global index of natural resource companies engaged in activities related to raw materials and commodities. The fund considers companies that can generate at least 50% of their revenues from natural resources activities or mining projects. The index selects at least 10 companies from 6 sub-themes (Agriculture, Energy, Renewable Energy, Industrial Metals, Precious Metals, and Forest & Paper Products). The fund prioritizes the top 70% companies by market capitalization. Additional stocks are selected based on market-cap and liquidity. The fund also applies tiered weights that allocates assets by their sub-themes: 25% to Agriculture, 30% to Energy, 15% to Sustainable Resources (Renewable Energy and Forest &Paper Products), and 30% to combined Metals. Single securities are capped to 5%. The index is reconstituted semi-annually and rebalanced quarterly, beginning March. Prior to Mar. 15, 2024, the fund tracked the VanEck Natural Resources Index.