DAPPVanEck Digital Transformation ETF
Fund Description
VanEck Digital Transformation ETF (the “Fund”) seeks to track as closely as possible, before fees and expenses, the price and yield performance of the MVIS Global Digital Assets Equity Index (the “Index”), which is intended to track the performance of companies that are participating in the digital assets economies.
-
Fund Ticker
DAPP -
Exchange
NASDAQ -
Inception Date
04/12/2021 -
ETF Structure
Physical -
Administrator
Van Eck Associates -
Index Ticker
MVDAPPTR -
Index Rebalancing
Quarterly
as of 03/24/23
-
30-Day SEC Yield1
2.40% -
Total Net Assets
$28.1M -
Number of Holdings
20 -
Options
Available -
Gross Expense Ratio2
0.50% -
Net Expense Ratio/TER2
0.50% -
Distribution Frequency
Annual -
Next Distribution Date
12/15/2023
Crypto Tailwinds Lift Digital Assets Equities
Key Documents and Links
Fund Highlights
- Companies at the forefront of the digital assets transformation
- Diversified exposure to digital asset exchanges, miners, and other infrastructure companies
- Access to companies that have the potential of getting 50% of revenue from digital assets
Trading Information
-
Fund Ticker
DAPP -
Index Total Return Ticker
MVDAPPTR -
NAV
DAPPNV -
Intraday NAV (IIV)4
DAPPIV -
Shares Outstanding
6,575,000 -
Estimated Cash
DAPPEU -
Total Cash
DAPPTC -
CUSIP
92189H821 -
ISIN
US92189H8218
Fees and Expenses2
-
Management Fee
0.50% -
Other Expenses
-- -
Gross Expense Ratio
0.50% -
Fee Waivers and
--
Expense Reimbursement -
Net Expense Ratio/TER2
0.50%
2 Van Eck Associates Corporation (the “Adviser”) will pay all expenses of the Fund, except for the fee payment under the investment management agreement, acquired fund fees and expenses, interest expense, offering costs, trading expenses, taxes and extraordinary expenses. Notwithstanding the foregoing, the Adviser has agreed to pay the offering costs until at least February 1, 2024.
Investment Professionals
Peter Liao, CFA
- Portfolio Manager and Head of Equity ETFs
- Oversees the Equity ETF Investment Management Team including development and management of index replication and optimization strategies
- Joined VanEck in 2005
- CFA charterholder; member of the CFA Society New York
- BA, Mathematics and Economics, New York University
Griffin Driscoll
- Analyst for Equity ETFs
- Joined VanEck in 2018
- Prior to joining VanEck, ETF Basket Operations Analyst at JPMorgan
- BS, Finance, Providence College
Ralph Lasta
- Analyst for Equity ETFs
- Joined VanEck in 2019
- Prior to VanEck, Intermediate Representative, Exchange Traded Funds at BNY Mellon.
- BS, Accounting, Hunter College
Performance History: Average Annual Total Returns* (%)
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR |
LIFE 04/12/21 |
|
---|---|---|---|---|---|---|---|---|
DAPP (NAV) | -4.31 | 23.61 | 57.06 | -70.70 | -- | -- | -- | -65.94 |
DAPP (Share Price) | -5.38 | 21.97 | 58.05 | -70.86 | -- | -- | -- | -66.09 |
MVDAPPTR (Index) | -4.52 | 21.87 | 56.16 | -71.73 | -- | -- | -- | -66.94 |
Performance Differential (NAV - Index) | 0.21 | 1.74 | 0.90 | 1.03 | -- | -- | -- | 1.00 |
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR |
LIFE 04/12/21 |
|
---|---|---|---|---|---|---|---|---|
DAPP (NAV) | -21.30 | -45.25 | -85.36 | -85.36 | -- | -- | -- | -76.32 |
DAPP (Share Price) | -22.83 | -45.95 | -85.60 | -85.60 | -- | -- | -- | -76.53 |
MVDAPPTR (Index) | -21.96 | -46.24 | -85.89 | -85.89 | -- | -- | -- | -77.00 |
Performance Differential (NAV - Index) | 0.66 | 0.99 | 0.53 | 0.53 | -- | -- | -- | 0.68 |
Top 10 Holdings (%) as of 02/28/23
Daily HoldingsHolding Name |
Ticker
|
Shares
|
Market Value (US$) |
% of Net Assets |
---|---|---|---|---|
Coinbase Global Inc |
COIN US
|
39,393
|
2,553,848 | 9.23 |
Block Inc |
SQ US
|
26,614
|
2,042,092 | 7.38 |
Riot Platforms Inc |
RIOT US
|
313,580
|
1,959,875 | 7.09 |
Microstrategy Inc |
MSTR US
|
7,350
|
1,927,685 | 6.97 |
Bitfarms Ltd/Canada |
BITF US
|
1,876,944
|
1,783,097 | 6.45 |
Iris Energy Ltd |
IREN US
|
611,167
|
1,692,933 | 6.12 |
Applied Blockchain Inc |
APLD US
|
572,585
|
1,517,350 | 5.49 |
Marathon Digital Holdings Inc |
MARA US
|
208,514
|
1,480,449 | 5.35 |
Hut 8 Mining Corp |
HUT US
|
862,502
|
1,423,128 | 5.15 |
Hive Blockchain Technologies Ltd |
HIVE US
|
492,546
|
1,403,756 | 5.08 |
Top 10 Total (%) | 64.30 |
Country Weightings (%)
as of 02/28/23
Country | % of Net Assets |
---|---|
● United States | 61.88 |
● Canada | 11.59 |
● Germany | 8.71 |
● China | 6.25 |
● Australia | 6.12 |
● Bermuda | 5.08 |
● Other/Cash | 0.36 |
Sector Weightings (%)
as of 02/28/23
Sector | % of Net Assets |
---|---|
● Information Technology | 75.28 |
● Financials | 24.35 |
● Other/Cash | 0.36 |