Slide 1: Multi-Asset Approach to Real Assets
June 2026 Multi-Asset Approach to Real Assets VanEck Real Assets Strategy For Financial Professional Use Only. Not for Distribution to the Public.
Slide 2: Table of Contents
03 Who We Are 08 Robust and Repeatable Process 15 Exposure, Positioning & Performance Table of Contents 22 Appendix
Slide 3: Firm Overview
Firm Overview For Financial Professional Use Only – Not For Public Distribution 3
Slide 4: A Long-Term Macro Perspective
A Long-Term Macro Perspective For over 70 years, VanEck has sought to identify trends—economic, technological, political, and social—that shape financial markets. We consider whether these create opportunities, perhaps even new asset classes, or present potential risks to existing portfolios. Throug
Slide 5: Who We Are
Who We Are ETF Over 220 ETFs and ETNs Assets Under Management Innovation available globally Industry Leading Thematics, EM Investing, Natural $10.3B $2.2B $1.2B Capabilities Resources, Gold, Digital Assets U.S. and International Equity $20.2B Private Funds / Access to technology companies at Gold an
Slide 6: Who We Are: Experienced Team
Who We Are: Experienced Team David Schassler Portfolio Manager, Head of the MAS Team • Joined VanEck in 2012 • Prior to VanEck, Director and Portfolio Manager within the UBS Portfolio Strategy Group • MBA, Finance, New York University • BS, Business Economics, State University of New York College a
Slide 7: Investment Committee
Investment Committee Monitors Active Strategies Natural Resources Emerging Market Equity CHAIR Jan van Eck CEO & Commodities Portfolio Manager Ola El-Shawarby Portfolio Managers Sam Halpert & Geoffrey King Deputy Portfolio Manager Angus Shillington Deputy Portfolio Manager Charles Cameron DEPUTY CO
Slide 8: Investment Philosophy & Process
Investment Philosophy & Process For Financial Professional Use Only – Not For Public Distribution 8
Slide 9: VanEck Real Assets Strategy Overview
VanEck Real Assets Strategy Overview Capital-preservation Provides diversified Old-world assets build assets help maintain exposure across Growth- the new world — purchasing power, Oriented, Cash-Flow- capturing the forces driving providing protection Generating, and Capital- global growth and indus
Slide 10: Investment Philosophy
Lorem ipsum Investment Philosophy A macro-thematic and quantitatively driven framework focused on assets with clear economic rationale and measurable sensitivity to inflation and global growth. We combine macro insight with quantitative discipline to build portfolios that maximize diversification, c
Slide 11: Investment Process: Robust, Disciplined, and Repeatable
Investment Process: Robust, Disciplined, and Repeatable 02 03 Portfolio Construction Identify Assets Asset Allocation & Risk Management Use macro and thematic Use quantitative Use quantitative inputs research to pinpoint real- techniques to guide to inform positioning, tilt asset categories with all
Slide 12: Step 1: Identify Real Assets
Step 1: Identify Real Assets Leverage macro and thematic research to define the segments of the real economy with clear economic rationale and measurable exposure to global growth and/or inflation protection. Growth-Oriented Income-Producing Capital-Preservation Critical inputs in economic engine Po
Slide 13: Step 2: Asset Allocation Quantitatively Driven to Balance Risk
Step 2: Asset Allocation Quantitatively Driven to Balance Risk Investments Quantitative Diversified • Use quantitative techniques to guide Inputs Portfolio allocations, maximizing diversification and balancing exposures across Growth- Gold Bullion Oriented, Cash-Flow-Generating, and Capital-Preserva
Slide 14: Step 3: Comprehensive Portfolio Construction, Risk Management
Step 3: Comprehensive Portfolio Construction, Risk Management Total Risk & Risk Contribution • Incorporate quantitative inputs to inform positioning, adjust exposures, and manage risk — ensuring portfolios remain data- driven, balanced, and responsive to Portfolio evolving market conditions. Constru
Slide 15: Portfolio Exposures, Positioning & Performance
Portfolio Exposures, Positioning & Performance For Financial Professional Use Only – Not For Public Distribution 15
Slide 16: Diverse Range of Allocations Across Real Assets
Diverse Range of Allocations Across Real Assets A balanced and dynamic portfolio of growth-oriented, income-producing and capital-preserving real assets Gold Equity 2.9% Gold Bullion Commodities 18.8% 20.9% REITs 3.2% Growth-Oriented Traditional Energy Utilities 5.6% 3.5% Income-Producing Diversifie
Slide 17: Adapting to Different Regimes
Adapting to Different Regimes Portfolio composition of real assets adapts to the different inflation and risk regimes 100% Infrastructure 90% REITs 80% MLPs Utilities 70% Other 60% Agriculture % Weight 50% Water Base Metals 40% Industrials 30% Diversified Resources 20% Nuclear Materials 10% Traditio
Slide 18: Ability to Outperform Commodities, Inflation Through Time
Ability to Outperform Commodities, Inflation Through Time Annualized Trailing Returns Real Assets Strategy (Gross) Real Assets Strategy (Net) Bloomberg Commodity Index U.S. CPI 35% • Real Assets Strategy has demonstrated an 30% ability to generate consistent returns relative to both commodities and
Slide 19: Delivering Across All Real Assets Segments
Delivering Across All Real Assets Segments Annual Contribution (2019 to 2025, by segment) 30% 25% 8.5% • Portfolio contribution has been derived 20% 3.1% from a variety of real assets segments (and 15.0% 15% 1.3% allocations therein). 10% 5.0% Contribution 5.0% 15.2% 16.0% 5% 9.0% 3.1% 8.1% 8.1% 6.8
Slide 20: VanEck Real Assets ETF
VanEck Real Assets ETF Exposure to commodities and infrastructure that No K-1s – Access to real often perform well in Adjust to different assets without burdensome inflationary environments inflationary regimes K-1 tax reporting For Financial Professional Use Only – Not For Public Distribution 20
Slide 21: Other Risks for Consideration
Other Risks for Consideration Commodity & Resource Equity Risk • Commodity prices fluctuate due to supply-demand shifts, geopolitics, and inflation. • Resource equities may diverge from underlying prices due to market conditions and company-specific factors. Interest Rate Risk • Interest Rate Sensit
Slide 22: Appendix
Appendix For Financial Professional Use Only – Not For Public Distribution 22
Slide 23: Creating a Durable Asset Allocation With Real Assets
Creating a Durable Asset Allocation With Real Assets Average 12-Month Return During Various Inflationary Regimes Commodities Gold Equities Fixed Income 50% • Real assets, such as commodities and 40% gold, have proven their ability to act as a great hedge against inflation 30% 20% Return 10% 0% -10%
Slide 24: GIPS Composite Performance
GIPS Composite Performance VanEck Real Assets Strategy (Composite) As of June 30, 2026 Total Composite Total Firm Total Return Total Return Benchmark Standard Standard Composite Calendar # of Internal Assets End % of Firm Gross of Net of Fees Return Deviation Deviation Assets End Period Portfolios D
Slide 25: Index Descriptions and Definitions
Index Descriptions and Definitions Index Descriptions Bloomberg Commodity Index is a broadly diversified commodity price index made up of 23 exchange-traded futures on physical commodities, representing 21 commodities which are weighted to account for economic significance and market liquidity. Bloo
Slide 26: GIPS Disclosures
GIPS Disclosures Van Eck Associates Corporation (“VanEck”) is an independent investment adviser registered under the Composite returns are shown gross and net of management fees while including the reinvestment of all Investment Advisers Act of 1940. VanEck, which commenced operations 1985 (predeces
Slide 27: GIPS Disclosures (Cont.)
GIPS Disclosures (Cont.) VanEck is the marketing name for Van Eck Associates Corporation and its affiliated entities. cryptocurrency, cryptocurrency tax, all of which may adversely affect the Strategy. The Strategy may also be subject to affiliated fund, U.S. Treasury Bills, subsidiary investment, c
Slide 28: Other Disclosures
Other Disclosures This presentation originates from Van Eck Associates Corporation (“VanEck”) and does not constitute All investing is subject to risk, including the possible loss of the money you invest. As with any an offer to sell or solicitation to buy any security. VanEck’s opinions stated in t
Slide 29: 29
29