Understand any stock in simple English
Enter a ticker to learn what the company does and how it makes money.
It is an exchange-traded fund that gives investors a way to own a basket of companies tied to building and running data centers.
This is not a normal operating company. It is a fund, a wrapper that holds shares of many other companies, and it trades on the Cboe exchange under the ticker RACK. When you buy a share, you are not buying a business that makes or sells anything. You are buying a small slice of a whole portfolio in one click.
The idea behind the fund is simple. The artificial-intelligence boom needs enormous computer warehouses called data centers, and those buildings need chips, cables, power, cooling, and construction crews. Rather than betting on one winner, the fund spreads your money across the whole supply chain of companies that help build and equip these facilities. That means it may hold chipmakers, electrical equipment makers, cooling specialists, and builders, giving you a diversified bet on the physical plumbing of the AI age. Who pays? You do. The fund charges a yearly management fee, a small percentage of your money, and the sponsor, VanEck, keeps it. That fee is how the business earns revenue, alongside the fund's size, because a bigger fund collects more fees. VanEck is a New York-based asset manager known for niche and thematic funds, and this one is a concentrated bet on a single trend rather than a broad market index.
The honest catch is that thematic funds like this rise and fall with their theme. If the data-center building boom cools, the fund can sink fast, and its narrow focus means less safety than a wide index fund. It is a convenient way to own a slice of the AI infrastructure story, but it is still a bet on one idea, and the fee quietly eats into returns over time.
Saved answer · last researched 25 Oct 2026