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GRNB
VanEck 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
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.

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