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Arithmos Rare Earth Independence Index — Ex-China Mining, Separation, Recycling & Magnetics (Risk-Tilted)

The purest refining-and-magnetics play outside China: rare earth separation in Estonia plus sintered magnet and rare-metal processing. It is the only holding with a positive 1Y return (+25%) and pays a dividend (1.5% yield), so it earns an above-average weight as the portfolio's ballast.