HDRO

VanEck Hydrogen Economy UCITS ETF

Underlying Index
MVIS® Global Hydrogen Economy ESG Index (MVHTWOTR)

Index Composition

The modified market cap-weighted index tracks the performance of the global hydrogen segment and also considers fuel cell companies and industrial gases companies to a certain extend. The index includes mainly companies with at least 50% (25% for current components) of their revenues from hydrogen projects or projects that have the potential to generate at least 50% of their revenues from the hydrogen industry when developed. Due to the lack of pure-play companies in the global hydrogen segment, the index will also considers companies with at least 50% (25% for current components) of their revenues from fuel cells or industrial gases projects or projects that have the potential to generate at least 50% of their revenues from the fuel cell industry or the industrial gases industry.

Companies initially eligible for inclusion in Index

• Companies have to generate at least 50% revenues from the hydrogen economy (exceptions possible)
• Market cap exceeding $150 million
• At least 250,000 shares traded per month over the last six months at a review and also at the previous two reviews
• Individual company weights are capped at 10%
• Companies with very severe social norms violations, or that have greater than 0% revenue exposure to controversial weapons, or that exceed certain thresholds of revenue exposure to various sectors including but not limited to civilian firearms, tobacco, and energy extractives are not eligible for inclusion.
• Companies that are not covered by ISS or for which relevant data fields are not collected by ISS may be eligible for inclusion. For more details on the screening, please refer to the Index Methodology below.

Download Index Methodology