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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 04/07/20

  • 30-Day SEC Yield1

    2.53%
  • Total Net Assets

    $31.4M
  • Number of Holdings

    147
  • Options

    Expected
  • Gross Expense Ratio2

    1.02%
  • Net Expense Ratio/TER2

    0.20%
  • Distribution Frequency

    Monthly
  • Next Distribution Date

    04/23/2020

Key Points

  • Access bonds issued to finance projects that have a positive impact on the environment

  • An ESG solution for a core bond portfolio

  • Index includes only U.S. dollar-denominated bonds designated as “green” by the Climate Bonds Initiative

Yield
as of 04/07/20

  • 30-Day SEC Yield1

    2.53%
  • Distribution Yield1

    2.69%
  • 12-Month Yield1

    2.07%
 1 See Important Disclosure for definitions.

Fees & Expenses2

  • Management Fee

    0.35%
  • Other Expenses

    0.67%
  • Acquired Fund Fees and Expenses

    --
  • Gross Expense Ratio

    1.02%
  • Fee Waivers and
    Expense Reimbursement

    -0.82%
  • Net Expense Ratio/TER2

    0.20%
2Expenses for GRNB are capped contractually at 0.20% until September 1, 2020. Cap excludes acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses.

Trading Information

  • Fund Ticker

    GRNB
  • Index Total Return Ticker

    SPGRUSST
  • NAV

    GRNBNV
  • Intraday NAV (IIV)5

    GRNBIV
  • Shares Outstanding

    1,200,000
  • Estimated Cash

    GRNBEU
  • Total Cash

    GRNBTC
  • CUSIP

    92189F171
  • ISIN

    US92189F1710
5See IIV Details. Source: Bloomberg

Fundamentals4
as of 04/07/20

  • Yield to Worst

    2.93%
  • Yield to Maturity

    2.94%
  • Effective Duration (yrs)

    4.97
  • Years to Maturity

    6.88
  • Modified Duration (yrs)

    5.26
  • Coupon

    3.30%
 4 See Important Disclosure for definitions.

Prices as of 04/07/20

NAV/
Market 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
30-Day
Median
Bid Ask
Spread
NAV
Chart
GRNB $26.13
$26.31
5,960
4,339
$0.01 / +0.25%
$-0.03 / +0.13%
-0.31%
+0.19%
$0.18
0.69%
0.26%

Premium/Discount History as of 04/07/20

Calendar Year 2019 2Q 2019 3Q 2019 4Q 2019 1Q 2020 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 204 48 56 63 54
GRNB Days closed at NAV 16 6 2 1 1
Days closed at a discount 32 9 6 0 7

Performance History: Average Annual Total Returns* (%)

1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
03/03/17
GRNB (NAV) -3.46 -0.13 -0.13 3.19 3.16 -- -- 3.41
GRNB (Share Price) -3.08 0.32 0.32 3.87 3.40 -- -- 3.63
SPGRUSST (Index) -3.57 -0.46 -0.46 3.53 3.73 -- -- 4.02
Performance Differential (NAV - Index) 0.11 0.33 0.33 -0.34 -0.57 -- -- -0.61
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
03/03/17
GRNB (NAV) -0.23 -0.02 5.43 5.43 -- -- -- 3.76
GRNB (Share Price) -0.08 -0.01 5.29 5.29 -- -- -- 3.84
SPGRUSST (Index)** 0.01 0.30 6.30 6.30 -- -- -- 4.55
Performance Differential (NAV - Index) -0.24 -0.32 -0.87 -0.87 -- -- -- -0.79

Top 10 Holdings (%) as of 03/31/20 Daily Holdings

Total Holdings: 148
Swipe
to view
full data
Holding Name
Coupon
Maturity
Composite
Rating
Country
Currency
% of Net
Assets
FANNIE MAE-ACES
3.046
03/25/2028
NR
United States
USD
3.30
EUROPEAN INVESTMENT BANK
2.500
10/15/2024
AAA
Supra-National
USD
2.18
CHILE GOVERNMENT INTERNATIONAL BOND
3.500
01/25/2050
A
Chile
USD
2.00
KREDITANSTALT FUER WIEDERAUFBAU
2.000
11/30/2021
AAA
Germany
USD
1.90
BANK OF AMERICA CORP
3.499
05/17/2022
A
United States
USD
1.87
FANNIE MAE-ACES
3.555
09/25/2028
NR
United States
USD
1.85
EUROPEAN INVESTMENT BANK
2.875
06/13/2025
AAA
Supra-National
USD
1.78
KREDITANSTALT FUER WIEDERAUFBAU
1.750
09/14/2029
AAA
Germany
USD
1.70
BOSTON PROPERTIES LP
4.500
12/01/2028
BBB+
United States
USD
1.60
BANK OF CHINA LTD/LUXEMBOURG
2.250
07/12/2021
A
China
USD
1.45
Top 10 Total (%) 19.63

These are not recommendations to buy or to sell any security. Securities and holdings may vary.

†See Country of Risk disclosure. These are not recommendations to buy or to sell any security. Securities and holdings may vary. 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.

Country Weightings (%) as of 03/31/20

  • Country

    % of Net Assets
  • United States

    31.29
  • China

    15.13
  • Supra-National

    13.13
  • Germany

    5.09
  • South Korea

    4.27
  • India

    3.55
  • Indonesia

    3.18
  • Netherlands

    3.02
  • Chile

    2.78
  • Singapore

    2.67
  • Canada

    2.53
  • Brazil

    2.34
  • Japan

    1.97
  • Sweden

    1.55
  • Norway

    1.32
  • Uae

    1.27
  • Spain

    1.15
  • France

    1.00
  • Australia

    0.74
  • United Kingdom

    0.70
  • Other/Cash

    1.33

Currency Exposure (%)
as of 03/31/20

  • U.S. Dollar

    99.85
  • Other/Cash

    0.15

Sector Weightings (%) as of 03/31/20

  • Sector

    % of Net Assets
  • Financial

    36.6
  • Government

    25.2
  • Utilities

    16.1
  • Mortgage Securities

    7.5
  • Energy

    3.9
  • Basic Materials

    3.1
  • Technology

    2.2
  • Consumer, Cyclical

    1.5
  • Industrial

    1.2
  • Consumer, Non-cyclical

    1.0
  • Communications

    0.9
  • Diversified

    0.6
  • Other/Cash

    0.1

Credit Quality (%) as of 03/31/20

Composite % of Net Assets
Investment Grade AAA 21.51
AA 14.75
A 22.10
BBB 18.30
Non-Investment Grade BB 6.32
B 1.48
Total Investment Grade -- 76.66
Total Non-Investment Grade -- 7.80
Not Rated -- 15.40
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 03/31/20

 Average Portfolio Maturity: 7.00 Years