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GRNB
VanEck Vectors Green Bond ETF

Fund Description

VanEck Vectors® Green Bond ETF (GRNB®) seeks to replicate, as closely as possible, before fees and expenses, the price and yield performance of the S&P Green Bond U.S. Dollar Select Index (SPGRUSST). The index is comprised of U.S. dollar-denominated green bonds that are issued to finance environmentally friendly projects, and includes bonds issued by supranational, government, and corporate issuers globally.

 
 

  • Fund Ticker

    GRNB
  • Exchange

    NYSE Arca
  • Commencement

    03/03/2017
  • ETF Structure

    Physical
  • Administrator

    Van Eck Associates
  • Custodian

    State Street Bank and Trust Company
  • Index Ticker

    SPGRUSST
  • Index Rebalancing

    Monthly

 
as of 11/15/19

  • 30-Day SEC Yield1

    2.58%
  • Total Net Assets

    $26.5M
  • Number of Holdings

    117
  • Options

    Expected
  • Gross Expense Ratio2

    1.02%
  • Net Expense Ratio/TER2

    0.20%
  • Distribution Frequency

    Monthly
  • Next Distribution Date

    11/29/2019

Index Key Points

The S&P Green Bond U.S. Dollar Select Index (SPGRUSST) is comprised of:

U.S. dollar-denominated bonds issued to finance environmentally friendly projects. To be eligible the issuer must clearly indicate the intended use of proceeds, and the bond must be designated as “green” by the Climate Bonds Initiative.

Index Weighting:

Constituents are weighted based on market value, subject to a 10% issuer cap and a 20% high yield cap

Index Provider:

S&P Dow Jones Indices

Index Profile

  • Ticker

    SPGRUSST
  • Inception Date

    06/17/2019
  • Rebalance Frequency

    Monthly

Index Fundamentals4
as of 11/15/19

  • Yield to Worst

    2.95%
  • Yield to Maturity

    3.02%
  • Effective Duration (yrs)

    4.87
  • Duration to Worst (yrs)

    5.15
  • Modified Duration (yrs)

    5.16
  • Spread Duration (yrs)

    5.12
  • Years to Maturity

    7.24
  • Coupon

    3.41%
 4 See Important Disclosure for definitions.

Top 10 Constituents (%) as of 10/31/19

Total Constituents: 192
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full data
Constituent Name
Coupon
Maturity Weighting (%)
Bank Of America Corp
0.000
05/17/2022
2.07
Kfw
0.000
09/14/2029
1.76
European Investment Bank
0.000
06/13/2025
1.43
European Investment Bank
2.375
05/24/2027
1.40
Apple Inc
2.850
02/23/2023
1.38
Republic Of Chile
0.000
01/25/2050
1.37
European Investment Bank
2.125
04/13/2026
1.36
Kfw
2.000
11/30/2021
1.35
Ing Groep Nv
0.000
01/06/2026
1.25
Perusahaan Penerbit Sbsn
0.000
02/20/2029
1.23
Top 10 Total (%) 14.60
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Index Country Weightings (%) as of 10/31/19

  • Country

    % of Net Assets
  • United States

    30.63
  • China

    12.52
  • Supra-National

    12.36
  • India

    6.23
  • Germany

    5.77
  • South Korea

    4.92
  • Netherlands

    3.78
  • Indonesia

    3.61
  • Hong Kong

    3.50
  • Brazil

    2.82
  • Japan

    2.24
  • Chile

    1.83
  • Canada

    1.79
  • France

    1.18
  • Uae

    1.11
  • Norway

    0.90
  • Sweden

    0.90
  • Australia

    0.71
  • Mexico

    0.45
  • United Kingdom

    0.45
  • OTHERS

    2.31

Index Sector Weightings (%) as of 10/31/19

  • Sector

    % of Net Assets
  • Government

    36.5
  • Financial

    31.5
  • Utilities

    20.2
  • Consumer, Non-cyclical

    3.1
  • Industrial

    3.0
  • Energy

    1.5
  • Basic Materials

    1.2
  • Communications

    0.9
  • Consumer, Cyclical

    0.8
  • Technology

    0.7
  • OTHERS

    0.7

Index Credit Quality (%) as of 10/31/19

Composite % of Net Assets
Investment Grade AAA 22.30
AA 13.56
A 20.34
BBB 18.50
Non-Investment Grade BB 5.91
B 2.25
CCC 0.11
C 0.05
Total Investment Grade -- 74.71
Total Non-Investment Grade -- 8.32
Not Rated -- 16.97
Source: Bloomberg. Rating is a proprietary composite of various rating agencies. A bond must be rated by two or more rating agencies to receive a composite rating; otherwise it is classified as Not Rated.

Maturity (%) as of 10/31/19

 Average Maturity: 6.76 Years