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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 Select Index (SPGRNSLT). The index is comprised of labeled green bonds that are issued to finance environmentally friendly projects, and includes bonds issued by supranational, government, and corporate issuers globally in multiple currencies.

 
 

  • Fund Ticker

    GRNB
  • Exchange

    NYSE Arca
  • Commencement

    03/03/2017
  • ETF Structure

    Physical
  • Administrator

    Van Eck Associates
  • Custodian

    Bank of New York Mellon
  • Index Ticker

    SPGRNSLT
  • Index Rebalancing

    Monthly

 
as of 07/22/19

  • 30-Day SEC Yield1

    0.65%
  • Total Net Assets

    $26.6M
  • Number of Holdings

    185
  • Options

    Expected
  • Gross Expense Ratio2

    1.56%
  • Net Expense Ratio/TER2

    0.30%
  • Distribution Frequency

    Monthly
  • Next Distribution Date

    07/31/2019

Key Points

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

  • An ESG solution for a core global bond portfolio

  • Index includes only bonds flagged as “green” by the Climate Bonds Initiative

Yield
as of 07/22/19

  • 30-Day SEC Yield1

    0.65%
  • Distribution Yield1

    1.27%
  • 12-Month Yield1

    1.30%
 1 See Important Disclosure for definitions.

Fees & Expenses2

  • Management Fee

    0.35%
  • Other Expenses

    1.21%
  • Acquired Fund Fees and Expenses

    --
  • Gross Expense Ratio

    1.56%
  • Fee Waivers and
    Expense Reimbursement

    -1.26%
  • Net Expense Ratio/TER2

    0.30%
2Expenses for GRNB are capped contractually at 0.30% until September 1, 2019. Cap excludes acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses.

Trading Information

  • Fund Ticker

    GRNB
  • Index Total Return Ticker

    SPGRNSLT
  • NAV

    GRNBNV
  • Intraday NAV (IIV)5

    GRNBIV
  • Shares Outstanding

    1,000,000
  • Estimated Cash

    GRNBEU
  • Total Cash

    GRNBTC
  • CUSIP

    92189F171
  • ISIN

    US92189F1710
5See IIV Details. Source: Bloomberg

Fundamentals4
as of 07/19/19

  • Yield to Worst

    0.90%
  • Yield to Maturity

    0.91%
  • Effective Duration (yrs)

    6.93
  • Years to Maturity

    7.76
  • Modified Duration (yrs)

    6.94
  • Coupon

    1.76%
 4 See Important Disclosure for definitions.

Prices as of 07/22/19

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
GRNB $26.62
$26.65
2,808
2,547
$0.02 / +0.08%
$-0.02 / -0.06%
+5.24%
+4.98%
$0.02
0.08%

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) 3.35 3.70 5.82 4.46 -- -- -- 4.76
GRNB (Share Price) 3.15 3.77 5.53 4.50 -- -- -- 4.80
SPGRNSLT (Index) 3.49 3.97 6.25 5.28 -- -- -- 5.54
Performance Differential (NAV - Index) -0.14 -0.27 -0.43 -0.82 -- -- -- -0.78
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
03/03/17
GRNB (NAV) 3.35 3.70 5.82 4.46 -- -- -- 4.76
GRNB (Share Price) 3.15 3.77 5.53 4.50 -- -- -- 4.80
SPGRNSLT (Index) 3.49 3.97 6.25 5.28 -- -- -- 5.54
Performance Differential (NAV - Index) -0.14 -0.27 -0.43 -0.82 -- -- -- -0.78

Top 10 Holdings (%) as of 06/30/19 Daily Holdings

Total Holdings: 189
Swipe
to view
full data
Holding Name
Coupon
Maturity
Composite
Rating
Country
Currency
% of Net
Assets
French Republic Government Bond Oat
1.750
06/25/2039
NR
France
EUR
8.42
Kingdom Of Belgium Government Bond
1.250
04/22/2033
AA
Belgium
EUR
2.15
European Investment Bank
1.250
11/13/2026
AAA
Supra- National
EUR
1.91
Kreditanstalt Fuer Wiederaufbau
0.250
06/30/2025
AAA
Germany
EUR
1.55
Ireland Government Bond
1.350
03/18/2031
A+
Ireland
EUR
1.54
Iberdrola Finanzas Sa
1.000
03/07/2025
BBB+
Spain
EUR
1.34
Republic Of Poland Government Internati
1.125
08/07/2026
A-
Poland
EUR
1.15
European Investment Bank
2.250
03/07/2020
AAA
Supra- National
GBP
1.14
European Investment Bank
1.375
11/15/2019
AAA
Supra- National
EUR
1.08
International Finance Corp
2.000
10/24/2022
AAA
Supra- National
USD
1.06
Top 10 Total (%) 21.34

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 06/30/19

  • Country

    % of Net Assets
  • FRANCE

    20.07
  • SUPRA-NATIONAL

    14.99
  • GERMANY

    9.54
  • UNITED STATES

    7.60
  • NETHERLANDS

    6.84
  • SPAIN

    5.55
  • CHINA

    4.43
  • CANADA

    3.57
  • ITALY

    3.13
  • AUSTRALIA

    2.53
  • JAPAN

    2.44
  • UNITED KINGDOM

    2.27
  • BELGIUM

    2.15
  • NORWAY

    2.03
  • BRAZIL

    1.82
  • SWEDEN

    1.70
  • IRELAND

    1.54
  • POLAND

    1.39
  • DENMARK

    1.10
  • SINGAPORE

    0.94
  • Other/Cash

    4.38

Currency Exposure (%)
as of 06/30/19

  • Euro

    62.89
  • U.S. Dollar

    25.61
  • Swedish Krona

    3.22
  • Canadian Dollar

    3.06
  • Australian Dollar

    2.73
  • British Pound

    2.12
  • Swiss Franc

    0.30
  • Other/Cash

    0.08

Sector Weightings (%) as of 06/30/19

  • Sector

    % of Net Assets
  • Government

    36.6
  • Financial

    31.7
  • Utilities

    20.6
  • Consumer, Non-cyclical

    3.1
  • Industrial

    3.1
  • Energy

    1.2
  • Basic Materials

    1.2
  • Technology

    1.0
  • Communications

    0.9
  • Consumer, Cyclical

    0.6
  • Other/Cash

    0.1

Credit Quality (%) as of 06/30/19

Composite % of Net Assets
Investment Grade AAA 24.52
AA 15.94
A 26.56
BBB 17.70
Non-Investment Grade BB 2.12
B 0.98
D 0.08
Total Investment Grade -- 84.72
Total Non-Investment Grade -- 3.18
Not Rated -- 12.02
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 06/30/19

 Average Portfolio Maturity: 7.34 Years