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TEET
VanEck Sustainable European Equal Weight UCITS ETF

Index Description

The Solactive European Equity Index tracks the performance of a selection of the top 100 shares from European developed markets. It is an equally weighted index with a 20% country cap. 

Index Key Points

Underlying Index
Solactive European Equity Index GTR (TGLOTETR)

Index composition
The (general) criteria below apply to the (composition of the) Solactive European Equity Index:

  • First shares are selected with a primary stock-market listing in developed European countries, as described in the ‘Solactive European Equity Index Guideline’;
  • Exclusively ordinary and preferred shares and Depositary Receipts are eligible;
  • Limited Partnerships are excluded;
  • Exclusively shares with semi-annual average trading volume of EUR 10 million per day are eligible;
  • Only the most liquid listing for each company is eligible;
  • The 100 largest shares are then selected based on free float market capitalisation;
  • On the Pool of Stocks resulting from above an ESG sustainability screening is applied based on indications from Vigeo EIRIS. This screening is based on the ten principles of the UN Global Compact as well as specific exclusions related to controversial sectors
  • The Index is equally weighted on the reweighting date, after that the weighting can vary due to price fluctuations;
  • The Index has an annual reconstitution and is rebalanced at the same time on the fourth Tuesday of March so that the 100 shares are again equally weighted. Shares can also be added or removed. If this is not a Trading Day, the reweighting takes place on the next Trading Day;
  • In addition to the annual Index reweighting and reconstitutiton, there is a quarterly index review, where the composition of the Index is screened for any ESG sustainability breaches. The review date is the last Trading Day of May, August and November. The effective date is the third Tuesday of June, September and December; and
  • For each country, the weighting in the Index is capped at 20% at the moment of reweighting.

Index Provider

Solactive

 

Download Index Methodology

Index Information

  • Index Provider

    Solactive
  • Index Type

    Total Return
  • Currency

    EUR
  • Inception Date

    01 Oct 2014
  • Reconstitution Frequency

    Annually
  • Bloomberg Ticker

    TGLOTETR
  • Reuters Ticker

    .TEETTR

Index Top 10 Constituents (%) as of 31 Jul 2022

Total Constituents: 102
Constituent Name
Ticker
Weightings (%)
Prosus-When Issued
PRX NA
1.60
Equinor Asa
EQNR NO
1.27
Novo Nordisk A/S-B
NOVOB DC
1.25
Standard Chartered Plc
STAN LN
1.23
Compass Group Plc
CPG LN
1.21
Wolters Kluwer
WKL NA
1.19
Astrazeneca Plc
AZN LN
1.19
Alcon Inc
ALC SW
1.18
Genmab A/S
GEN DC
1.18
Ferrari Nv
RACE S1
1.17
Top 10 Total (%) 12.47
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Index Country Weightings (%) as of 31 Jul 2022

  • Country

    Weightings (%)
  • United Kingdom

    19.4
  • Switzerland

    15.2
  • France

    14.4
  • Germany

    11.2
  • Netherlands

    8.0
  • Denmark

    7.2
  • Spain

    6.0
  • Sweden

    5.0
  • Finland

    4.0
  • Norway

    2.3
  • Ireland

    2.0
  • Italy

    2.0
  • China

    1.6
  • United States

    0.9
  • Belgium

    0.8

Index Sector Weightings (%) as of 31 Jul 2022

  • Sector

    Weightings (%)
  • Financials

    21.8
  • Industrials

    18.3
  • Health Care

    15.5
  • Information Technology

    10.1
  • Consumer Staples

    8.4
  • Consumer Discretionary

    7.8
  • Communication Services

    7.2
  • Utilities

    4.0
  • Materials

    2.8
  • Real Estate

    1.6
  • Energy

    1.3
  • OTHERS

    1.2