Core Insights - The VanEck Vectors Retail ETF (RTH US) is designed to provide concentrated exposure to the largest and most liquid US-listed companies that derive at least 50% of their revenue from retail activities [1] Group 1: Portfolio Construction Methodology - The underlying index, MVIS US Listed Retail 25 Index, includes companies that meet specific criteria such as a free float of at least 10%, a full market cap greater than USD 150 million, and a three-month average daily volume (ADV) of at least USD 1 million with a minimum of 250,000 shares traded per month [1] - New entrants to the index are selected semiannually in March and September, where eligible companies are ranked by free-float market cap and trading volume [1] - The top 25 companies are initially selected, with a buffer of 10-40 positions that retains incumbents by including the top 10 and refilling from current members ranked 11-40 before considering other candidates [1] - The weighting methodology is based on modified free-float market cap, where the largest 5-10 positions (each over 4.5%) are grouped and capped at 50%, with individual company caps set at 20% and floors at 5%; remaining constituents are capped at 4.5% [1]