The VanEck Vectors Coal ETF (KOL) is designed to closely mirror, before accounting for fees and expenses, the total return performance (both price appreciation and income generation) of the MVIS® Global Coal Index. To achieve this objective, the fund typically commits at least 80% of its overall assets to the component securities that constitute its benchmark index. The MVIS® Global Coal Index encompasses companies operating within the global coal sector that generate a minimum of 50% of their income from various coal-related operations.