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GEX
VanEck Vectors Global Alternative Energy ETF

  • Fund Description

    VanEck Vectors® Global Alternative Energy ETF (GEX®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Ardour Global IndexSM Extra Liquid (AGIXLT), which is intended to track the overall performance of companies involved in the business of alternative energy. Alternative energy includes power derived principally from bio-fuels (such as ethanol), bio mass, wind, solar, hydro and geothermal sources, and also includes various technologies that support the production, use and storage of these sources.

  •  
      

    • Fund Ticker

      GEX
    • Exchange

      NYSE Arca
    • Commencement

      05/03/2007
    • ETF Structure

      Physical
    • Administrator

      Van Eck Associates
    • Custodian

      Bank of New York Mellon
    • Index Ticker

      AGIXLT
    • Index Rebalancing

      Quarterly
  •  
    as of 10/20/17

    • 30-Day SEC Yield1

      0.60%
    • Total Net Assets

      $85.0M
    • Number of Holdings

      31
    • Options

      Available
    • Gross Expense Ratio2

      0.64%
    • Net Expense Ratio/TER2

      0.62%
    • Distribution Frequency

      Annual
    • Next Distribution Date

      12/15/2017
  • Key Points

    One-Trade Access to the Global Alternative Energy Sector
    Dynamic industry driven by the growing need for alternative fuel sources
    Pure Play with Global Scope
    Index constituents must be principally engaged in the alternative energy industry
    Focused on Renewable Energy
    Index is concentrated in companies whose technologies are involved with solar power, bio energy, wind power, hydro power and geothermal energy
  • Trading Information

    • Fund Ticker

      GEX
    • Index Total Return Ticker

      AGIXLT
    • NAV

      GEXNV
    • Intraday NAV (IIV)4

      GEXIV
    • Shares Outstanding

      1,383,298
    • Estimated Cash

      GEXEU
    • Total Cash

      GEXTC
    • CUSIP

      92189F502
    • ISIN

      US92189F5026
    Source: Bloomberg
  • Fees and Expenses2

    • Management Fee

      0.50%
    • Other Expenses

      0.14%
    • Gross Expense Ratio

      0.64%
    • Fee Waivers and
      Expense Reimbursement

      -0.02%
    • Net Expense Ratio/TER2

      0.62%
    2Expenses for GEX are capped contractually at 0.62% until at least May 1, 2018. Cap excludes certain expenses, such as interest.
  • Prices as of 10/20/17

    NAV/
    Last Price
    Volume
    30-Day Avg./
    Last Trading Day
    Daily Change
    NAV/
    Last Price
    YTD Change
    NAV/
    Last Price
    Premium/
    Discount
    Prem/Discount
    Distribution Charts
    NAV &
    Prem/Discount
    History
    NAV
    Chart
    GEX $61.42
    $61.53
    3,020
    826
    -$0.02 / -0.04%
    $0.12 / +0.20%
    +21.34%
    +21.89%
    $0.11
    0.18%
  • View All IndicesView All ETFsPerformance History: Average Annual Total Returns* (%)

    1 MO3 MOYTD1 YR3 YR5 YR10 YRLIFE
    05/03/07
    GEX (NAV)2.840.9918.7314.561.2815.57-7.37-5.41
    GEX (Share Price)2.910.5819.2514.991.3215.79-7.42-5.39
    AGIXLT (Index)2.861.0618.9215.111.1715.18-7.76-5.75
    Performance Differential (NAV - Index)-0.02-0.07-0.19-0.550.110.390.390.34
    Quarter End as of 09/30/17
    1 MO3 MOYTD1 YR3 YR5 YR10 YRLIFE
    05/03/07
    GEX (NAV)2.840.9918.7314.561.2815.57-7.37-5.41
    GEX (Share Price)2.910.5819.2514.991.3215.79-7.42-5.39
    AGIXLT (Index)2.861.0618.9215.111.1715.18-7.76-5.75
    Performance Differential (NAV - Index)-0.02-0.07-0.19-0.550.110.390.390.34
  • Daily HoldingsTop 10 Holdings (%)  as of 09/30/17

    Total Holdings: 31
    Holding Name
    Ticker
    SharesMarket Value
    (US$)
    % of Net
    Assets
    Eaton Corp Plc
    ETN US
    113,510
    8,716,43310.48
    Vestas Wind Systems A/S
    VWS DC
    88,978
    7,999,7009.62
    Tesla Inc
    TSLA US
    23,090
    7,875,9999.47
    First Solar Inc
    FSLR US
    101,044
    4,635,8995.58
    Nibe Industrier Ab
    NIBEB SS
    424,991
    4,275,1665.14
    Kurita Water Industries Ltd
    6370 JP
    131,204
    3,790,4714.56
    Enersys
    ENS US
    53,845
    3,724,4594.48
    Gamesa Corp Tecnologica Sa
    GAM SM
    278,866
    3,644,4764.38
    Cree Inc
    CREE US
    121,191
    3,416,3744.11
    Itron Inc
    ITRI US
    42,252
    3,272,4173.94
    Top 10 Total (%)61.76
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.
  • Country Weightings (%) as of 09/30/17

    • Country

      % of Net Assets
    • UNITED STATES

      57.18
    • DENMARK

      9.62
    • CHINA

      8.13
    • JAPAN

      5.84
    • GERMANY

      5.44
    • SWEDEN

      5.14
    • CANADA

      2.76
    • BRAZIL

      1.97
    • PORTUGAL

      1.88
    • AUSTRIA

      1.44
    • FRANCE

      0.65
    • Other/Cash

      -0.06
  • Sector Weightings (%) as of 09/30/17

    • Sector

      % of Net Assets
    • Industrials

      48.7
    • Information Technology

      27.0
    • Utilities

      11.7
    • Consumer Discretionary

      9.5
    • Energy

      3.1
    • Other/Cash

      -0.1
  • Important Disclosure

    VanEck only serves professional clients in countries where the funds are registered or where funds can be sold in accordance with local private placement rules.

    130-Day SEC Yield is a standard yield calculation developed by the Securities and Exchange Commission that allows for fairer comparisons among funds. It is based on the most recent 30-day period. This yield figure reflects the interest earned during the period after deducting the fund's expenses for the period. It does not reflect the yield an investor would have received if they had held the fund over the last twelve months assuming the most recent NAV. Distributions may vary from time to time. In the absence of temporary expense waivers or reimbursements, the 30-Day SEC Yield for VanEck Vectors Global Alternative Energy ETF would have been 0.56% on 10/20/2017.

    2GEX Fees & Expenses: Van Eck Associates Corporation (the "Adviser") has agreed to waive fees and/or pay Fund expenses to the extent necessary to prevent the operating expenses of the Fund (excluding acquired fund fees and expenses, interest expense, offering costs, trading expenses, taxes and extraordinary expenses) from exceeding 0.62% of the Fund's average daily net assets per year until at least May 1, 2018. During such time, the expense limitation is expected to continue until the Fund's Board of Trustees acts to discontinue all or a portion of such expense limitation. TER, or Total Expense Ratio, is also referred to as "Net Expense Ratio".

    3Morningstar Ratings : If applicable, when the ETF is rated three stars or more for any given period. ©Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. 

    4IIV is an abbreviation for the intraday indicative value of an ETF's Shares (and is also known as the Indicative Optimized Portfolio Value or IOPV), and is disseminated every 15 seconds during regular trading hours. The IIV is based on the current market value of the securities and/or cash required to be deposited in exchange for a Creation Unit. The IIV does not necessarily reflect the precise composition of the current portfolio of securities held by the Fund at a particular point in time or the best possible valuation of the current portfolio. Therefore, the IIV should not be viewed as a "real-time" update of the Fund's NAV, which is computed only once a day. The Fund is not involved in, or responsible for, the calculation or dissemination of the IIV and makes no warranty as to its accuracy.

    6The S&P 500® Index consists of 500 widely held common stocks covering industrial, utility, financial and transportation sector; as an Index, it is unmanaged and is not a security in which investments can be made.

    For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics.

    An investment in the Fund may be subject to risks which include, among others, investing in alternative energy companies, investing in European issuers, foreign securities, foreign currency, depository receipts, consumer discretionary sector, industrials sector, information technology sector, utilities sector, small- and medium-capitalization companies, cash transactions, equity securities, market, operational, index tracking, authorized participant concentration, no guarantee of active trading market, trading issues, replication management, fund shares trading, premium/discount risk and liquidity of fund shares, non-diversified and concentration risks, , all of which may adversely affect the Fund. Foreign investments are subject to risks, which include changes in economic and political conditions, foreign currency fluctuations, changes in foreign regulations, and changes in currency exchange rates which may negatively impact the Fund's return. Small- and medium-capitalization companies may be subject to elevated risks. The Fund's assets may be concentrated in a particular sector and may be subject to more risk than investments in a diverse group of sectors.

    "S-Network Global Indexes, LLCSM", "ARDOUR GLOBAL INDEXSM (Composite)", "ARDOUR COMPOSITESM", "ARDOUR GLOBAL INDEXSM (Extra Liquid)", "ARDOUR - XLSM", "ARDOUR GLOBAL ALTERNATIVE ENERGY INDEXESSM" "ARDOUR FAMILYSM" are service marks of S-Network Global Indexes, Inc. and have been licensed for use by Van Eck Associates Corporation. The Product(s) is/are not sponsored, endorsed, sold or promoted by S-Network Global Indexes Inc. and Ardour Global Indexes, LLC makes no representation regarding the advisability of investing in the Product(s).

    The S&P 500 Index (“Index”) is a product of S&P Dow Jones Indices LLC and/or its affiliates and has been licensed for use by Van Eck Associates Corporation. Copyright © 2017 S&P Dow Jones Indices LLC, a division of S&P Global, Inc., and/or its affiliates. All rights reserved. Redistribution or reproduction in whole or in part are prohibited without written permission of S&P Dow Jones Indices LLC. For more information on any of S&P Dow Jones Indices LLC’s indices please visit www.spdji.com. S&P® is a registered trademark of S&P Global and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC. Neither S&P Dow Jones Indices LLC, Dow Jones Trademark Holdings LLC, their affiliates nor their third party licensors make any representation or warranty, express or implied, as to the ability of any index to accurately represent the asset class or market sector that it purports to represent and neither S&P Dow Jones Indices LLC, Dow Jones Trademark Holdings LLC, their affiliates nor their third party licensors shall have any liability for any errors, omissions, or interruptions of any index or the data included therein.

    Index returns are not Fund returns and do not reflect any management fees or brokerage expenses. Investors can not invest directly in the Index. Returns for actual Fund investors may differ from what is shown because of differences in timing, the amount invested and fees and expenses. Index returns assume that dividends have been reinvested.

    The "Net Asset Value" (NAV) of a VanEck Vectors Exchange Traded Fund (ETF) is determined at the close of each business day, and represents the dollar value of one share of the fund; it is calculated by taking the total assets of the fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV is not necessarily the same as the ETF's intraday trading value. VanEck Vectors ETF investors should not expect to buy or sell shares at NAV.

    Fund shares are not individually redeemable and will be issued and redeemed at their NAV only through certain authorized broker-dealers in large, specified blocks of shares called "creation units" and otherwise can be bought and sold only through exchange trading. Shares may trade at a premium or discount to their NAV in the secondary market. You will incur brokerage expenses when trading Fund shares in the secondary market. Past performance is no guarantee of future results. Returns for actual Fund investments may differ from what is shown because of differences in timing, the amount invested, and fees and expenses.

    Investing involves substantial risk and high volatility, including possible loss of principal. An investor should consider the investment objective, risks, charges and expenses of the Fund carefully before investing. To obtain a prospectus and summary prospectus , which contains this and other information, call 800.826.2333 or visit vaneck.com/etfs . Please read the prospectus and summary prospectus carefully before investing.

    This content is published in the United States for residents of specified countries. Investors are subject to securities and tax regulations within their applicable jurisdictions that are not addressed on this content. Nothing in this content should be considered a solicitation to buy or an offer to sell shares of any investment in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction, nor is it intended as investment, tax, financial, or legal advice. Investors should seek such professional advice for their particular situation and jurisdiction.