This is not an offer to buy or sell, or a solicitation of an offer to buy or sell, any of the securities mentioned herein. The information presented does not imply the provision of personalized investment, financial, legal or tax advice. Certain statements contained herein may constitute projections, forecasts and other forward-looking statements, which do not reflect actual results. Information provided by third party sources is believed to be reliable and has not been independently verified as to its accuracy or completeness and cannot be guaranteed. All opinions, projections, forecasts and forward-looking statements made herein speak as of the date of this communication and are subject to change without notice. The information contained herein represents the opinion of the author(s), but not necessarily that of VanEck.
CPI – US CPI Urban Consumers YoY NSA Index measures US consumer prices (CPI) as a measure of the prices paid by consumers for a basket of consumer goods and services. The annual (or monthly) growth rates represent the rate of inflation.
Merchandise – The Bloomberg Commodity Index is comprised of 23 exchange-traded physical commodity futures contracts, representing 21 commodities, which are weighted for economic importance and market liquidity.
Gold – Gold spot price in US dollars per troy ounce.
The S&P 500 Index is a product of S&P Dow Jones Indices LLC and/or its affiliates and has been licensed for use by Van Eck Associates Corporation. Copyright© 2021 S&P Dow Jones Indices LLC, a division of S&P Global, Inc., and/or its affiliates. All rights reserved. Redistribution or reproduction in whole or in part is prohibited without the written permission of S&P Dow Jones Indices LLC. For more information on any of the S&P Dow Jones Indices LLC indices, please visit www.spdji.com. S&P® is a registered trademark of S&P Global and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC. Neither S&P Dow Jones Indices LLC, Dow Jones Trademark Holdings LLC, their affiliates nor their third party licensors make any representation or warranty, express or implied, as to the ability of any index to accurately represent the class of assets or market sector it claims to represent and neither S&P Dow Jones Indices LLC, Dow Jones Trademark Holdings LLC, their affiliates nor their third party licensors shall be liable for any errors, omissions or interruptions in any index or data included therein.
This is not an offer to buy or sell, nor a recommendation to buy or sell any of the securities/financial instruments mentioned herein. The information presented does not imply the provision of personalized investment, financial, legal or tax advice. Certain statements contained herein may constitute projections, forecasts and other forward-looking statements, which do not reflect actual results, speak as of the date of this communication and are subject to change without notice. Information provided by third party sources is believed to be reliable and has not been independently verified as to its accuracy or completeness and cannot be guaranteed. VanEck does not guarantee the accuracy of third party data. The information contained herein represents the opinion of the author(s), but not necessarily that of VanEck.
An investment in the Fund may be subject to risks which include, but are not limited to, fund of funds risk which may subject the Fund to investing in commodities, gold, resource companies, MLPs, real estate sector, infrastructure, equities, small and mid capitalization companies, foreign securities, emerging market issuers, currency, credit, interest rate, call and concentration risks, derivatives, cryptocurrency, cryptocurrency tax, all of which may adversely affect the Fund. The Fund may also be subject to Affiliate Funds, U.S. Treasury Bills, Subsidiary Investments, Commodity Regulations (with respect to investments in the Subsidiary), Taxation (with respect to investments in the Subsidiary), ETP risks, liquidity, spread, cash transactions, high portfolio turnover, model and data, management, operation, concentration of authorized participants, no guarantee of active trading market , trading problems, market, trading of fund units, premium/discount and liquidity of fund units and undiversified risks. . Foreign investments are subject to risks, including changes in economic and political conditions, foreign currency fluctuations, changes in foreign regulations and changes in exchange rates which may adversely affect the returns of the Fund. Small and mid capitalization companies can be exposed to high risks.
Cryptocurrency is a digital representation of value that functions as a medium of exchange, unit of account, or store of value, but it is not legal tender. Cryptocurrencies are sometimes exchanged for US dollars or other currencies around the world, but they are generally not backed or backed by any government or central bank. Their value is entirely derived from market forces of supply and demand, and they are more volatile than traditional currencies. The value of cryptocurrency can be derived from the continued willingness of market participants to exchange fiat currency for cryptocurrency, which can lead to the possibility of permanent and total loss of value of a cryptocurrency. particular currency if the market for that cryptocurrency were to disappear. Cryptocurrencies are not covered by the FDIC or the SIPC. Legislative and regulatory changes or actions at the state, federal, or international level may adversely affect the use, transfer, exchange, and value of cryptocurrency.
Investing in cryptocurrencies involves a number of risks, including volatile market price fluctuations or flash crashes, market manipulation, and cybersecurity risks. Additionally, cryptocurrency markets and exchanges are not regulated with the same controls or client protections available in stock, options, futures, or currency investments. There is no guarantee that someone who accepts cryptocurrency as payment today will continue to do so in the future.
Investors should conduct thorough research on the legitimacy of each individual cryptocurrency, including its platform, before investing. The features, functions, characteristics, operation, use and other properties of the specific cryptocurrency may be complex, technical or difficult to understand or evaluate. Cryptocurrency may be vulnerable to attacks on the security, integrity or operation, including attacks using sufficient computing power to overwhelm the normal operation of the cryptocurrency’s blockchain or other technology under -lying. Certain cryptocurrency transactions will be deemed to have occurred when recorded on a public ledger, which is not necessarily the date or time at which a transaction may have been initiated.
- Investors must have the financial capacity, sophistication and willingness to bear the risks of an investment and a potential total loss of their entire cryptocurrency investment.
- An investment in cryptocurrency is not suitable or desirable for all investors.
- The cryptocurrency has a limited operating history or performance.
- The fees and expenses associated with investing in cryptocurrency can be significant.
There may be risks posed by the lack of regulation of cryptocurrencies and any future regulatory developments could affect the viability and expansion of the use of cryptocurrencies. Investors should do thorough research before investing in cryptocurrencies.
The information provided by Van Eck is not intended to be, and should not be construed as, financial, tax or legal advice. This is not a recommendation to buy or sell an interest in cryptocurrencies.
Investing involves substantial risks and high volatility, including possible loss of capital. An investor should carefully consider the Fund’s investment objective, risks, charges and expenses before investing. To obtain a prospectus and a summary of the prospectus containing this and other information, call 800.826.2333 or visit vaneck.com. Please read the prospectus and simplified prospectus carefully before investing.