A note on China sanctions
As a result of Executive Order 13959, dated 12 November 2020 (the “Executive Order”), prohibiting transactions by United States persons in publicly traded securities of certain Chinese companies, as identified in the Executive Order and any updated guidance, amendments and annexes published by the US Department of the Treasury’s Office of Foreign Asset Controls (collectively, the “Sanctioned Securities”), a number of the indices our ETFs track have removed these companies.
Our ETFs will continue to track their relevant index, as revised by the index providers to be compliant with the Executive Order’s requirements. Should an index not be revised to be compliant, VanEck will still disinvest from the holdings in a Sanctioned Security.
As of 28 July 2021, VanEck has divested from holdings in such Sanctioned Securities.