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GRNBVanEck Vectors Green Bond ETF
Latest Market Updates*
- Green bonds finance projects that have a positive impact on the environment, and allow investors to integrate sustainability into their core fixed income portfolios without significantly impacting the overall risk/return profile.
- GRNB’s index currently has an average yield of 1.55%, compared to the Bloomberg Barclays U.S. Aggregate Bond Index yield of 1.16%, as of December 14, 2020.
- Issuance this year has been dampened due to a near market shutdown earlier this year due to the pandemic, but has recovered sharply and may still meet or exceed last year’s record of $257bn (Source: Climate Bonds Initiative). Green stimulus spending, progress on market standards and strong investor demand are driving market development.
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 -
ETF Structure
Physical -
Administrator
Van Eck Associates -
Custodian
State Street Bank and Trust Company -
Index Ticker
SPGRUSST -
Index Rebalancing
Monthly
as of 01/26/21
-
30-Day SEC Yield1
1.32% -
Total Net Assets
$61.0M -
Number of Holdings
212 -
Options
Expected -
Gross Expense Ratio2
0.83% -
Net Expense Ratio/TER2
0.20% -
Distribution Frequency
Monthly
Country Weightings (%) as of 12/31/20
-
Country
% of Net Assets -
■
United States
35.56 -
■
China
14.42 -
■
Supra-National
11.74 -
■
Germany
4.50 -
■
Netherlands
4.35 -
■
India
4.23 -
■
South Korea
3.65 -
■
Chile
2.70 -
■
Brazil
2.65 -
■
Singapore
2.11 -
■
Indonesia
2.00 -
■
Canada
1.58 -
■
Spain
1.29 -
■
Uae
1.15 -
■
Saudi Arabia
0.91 -
■
Sweden
0.86 -
■
Japan
0.85 -
■
France
0.84 -
■
United Kingdom
0.75 -
■
Portugal
0.53 -
■
Other/Cash
3.34
Portfolio Composition (%)
as of 12/31/20
- % of Net Assets
-
Stocks
0.00 -
Bonds
100.06 -
Other
0.00 -
Cash
-0.06
Currency Exposure (%)
as of 12/31/20
-
U.S. Dollar
100.06 -
Other/Cash
-0.06
Credit Quality (%) as of 12/31/20
Composite | % of Net Assets | |
---|---|---|
Investment Grade | AAA | 18.36 |
AA | 12.15 | |
A | 25.81 | |
BBB | 21.08 | |
Non-Investment Grade | BB | 9.36 |
B | 0.96 | |
Total Investment Grade | -- | 77.39 |
Total Non-Investment Grade | -- | 10.32 |
Not Rated | -- | 12.36 |
3-YR Risk Measures*
as of 12/31/20
-
Beta vs. S&P 500 Index
0.12 -
Correlation vs. S&P 500 Index
0.48 -
Volatility (Standard Deviation)
4.73 -
Sharpe Ratio
0.28
Source: VanEck , FactSet
*Beta is a measure of sensitivity to market movements. Correlation measures the extent of linear association between the ETF performance and the index performance. Volatility is the annualized standard deviation of the ETF's monthly returns. Sharpe ratio measures risk-adjusted return, and represents the ETF's return less the risk free rate divided by the standard deviation. See S&P 500 Index definition.6
Sector Weightings (%) as of 12/31/20
-
Sector
% of Net Assets -
■
Financials
46.6 -
■
Utilities
21.7 -
■
Real Estate
7.4 -
■
Industrials
3.8 -
■
Technology
3.5 -
■
Government Activity
3.3 -
■
Basic Materials
3.2 -
■
Government
1.3 -
■
Consumer Cyclicals
0.8 -
■
Healthcare
0.5 -
■
Consumer Non-Cyclicals
0.4 -
■
Academic & Educational Service
0.2 -
■
Energy
0.2 -
■
Other/Cash
7.1
Maturity (%) as of 12/31/20
Average Portfolio Maturity: 7.33 Years