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EINC
VanEck Energy Income ETF

Fund Description

VanEck Energy Income ETF (EINCTM) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS® North America Energy Infrastructure Index (MVEINCTG), which is intended to track the overall performance of North American companies involved in the midstream energy segment, which includes MLPs, and corporations involved in oil and gas storage and transportation.

 
 

  • Fund Ticker

    EINC
  • Exchange

    NYSE Arca
  • Inception Date

    03/12/2012
  • ETF Structure

    Physical
  • Administrator

    Van Eck Associates
  • Custodian

    State Street Bank and Trust Company
  • Index Ticker

    MVEINCTG
  • Index Rebalancing

    Quarterly

 
as of 05/19/22

  • 30-Day SEC Yield1

    4.19%
  • Total Net Assets

    $31.0M
  • Number of Holdings

    30
  • Options

    Available
  • Gross Expense Ratio2

    0.46%
  • Net Expense Ratio/TER2

    0.46%
  • Distribution Frequency

    Quarterly
  • Next Distribution Date

    07/29/2022

Morningstar™ Ratings3
as of 02/28/2022

Category Overall 3 Year 5 Year
Energy Limited Partnership
3 stars of 91 funds
3 stars of 91 funds
3 stars of 76 funds

Key Points

  • High Income Potential
    Historically, MLPs and energy infrastructure companies have exhibited attractive yield characteristics

  • Tax Efficient
    Avoids fund-level taxation and the complications of deferred tax liabilities associated with many MLP funds by limiting direct MLP exposure

  • No K-1s
    Access to energy infrastructure companies without burdensome K-1 tax reporting

Yield
as of 05/19/22

  • 30-Day SEC Yield1

    4.19%
  • Distribution Yield1

    4.69%
  • 12-Month Yield1

    4.93%
 1 See Important Disclosure for definitions.

Fees and Expenses2

  • Management Fee

    0.45%
  • Other Expenses

    0.01%
  • Gross Expense Ratio

    0.46%
  • Fee Waivers and Expense Reimbursement

    --
  • Net Expense Ratio/TER

    0.46%
2Van Eck Associates Corporation (the “Adviser”) will pay all expenses of the Fund, except for the fee payment under the investment management agreement, acquired fund fees and expenses, interest expense, offering costs, trading expenses, taxes and extraordinary expenses.

Trading Information

  • Fund Ticker

    EINC
  • Index Total Return Ticker

    MVEINCTG
  • NAV

    EINCNV
  • Intraday NAV (IIV)4

    EINCIV
  • Shares Outstanding

    489,720
  • Estimated Cash

    EINCEU
  • Total Cash

    EINCTC
  • CUSIP

    92189H870
  • ISIN

    US92189H8705
4See IIV Details. Source: Bloomberg

 

Investment Professionals

  • Portfolio Manager and Head of Equity ETFs
  • Oversees the Equity ETF Investment Management Team including development and management of index replication and optimization strategies
  • Joined VanEck in 2005
  • CFA charterholder; member of the CFA Society New York
  • BA, Mathematics and Economics, New York University
  • Portfolio Manager and Analyst for Equity ETFs
  • Joined VanEck in 2007
  • Prior to his current role, held a portfolio administration position at VanEck
  • Previously, Portfolio Analyst at Evaluation Associates
  • BS, Business Administration (concentration in Financial Analysis), State University of New York at Buffalo
  • Analyst for Equity ETFs
  • Joined VanEck in 2018
  • Prior to joining VanEck, ETF Basket Operations Analyst at JPMorgan
  • BS, Finance, Providence College
  • Analyst for Equity ETFs
  • Joined VanEck in 2019
  • Prior to VanEck, Intermediate Representative, Exchange Traded Funds at BNY Mellon.
  • BS, Accounting, Hunter College

Prices as of 05/19/22

NAV/
Market
Price
Volume
30-Day Avg./
Last Trading Day
Daily Change
NAV/
Last Price
YTD Change NAV/
Last Price
Premium/
Discount
30-Day
Median
Bid Ask
Spread
NAV
Chart
EINC $63.36
$63.55
3,977
3,359
$-0.57 / -0.90%
$-0.41 / -0.65%
+20.72%
+21.09%
$0.19
0.30%
0.52%

Premium/Discount History as of 05/19/22

Calendar Year 2021 2Q 2021 3Q 2021 4Q 2021 1Q 2022 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 66 11 16 34 24
EINC Days closed at NAV 10 3 1 6 1
Days closed at a discount 176 49 47 24 37

Performance History: Average Annual Total Returns* (%)

  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
03/12/12**
EINC (NAV) -2.29 9.48 18.87 29.89 8.09 3.60 -6.41 -6.35
EINC (Share Price) -2.66 9.04 18.49 29.57 8.04 3.54 -6.46 -6.38
MVEINCTG (Index)** -2.23 9.73 19.20 30.92 8.25 3.12 -6.27 -6.09
Performance Differential (NAV - Index) -0.06 -0.25 -0.33 -1.03 -0.16 0.48 -0.14 -0.26
  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
03/12/12**
EINC (NAV) 7.25 21.66 21.66 40.14 9.65 3.85 -6.01 -6.18
EINC (Share Price) 7.70 21.73 21.73 40.17 9.73 3.89 -6.04 -6.18
MVEINCTG (Index)** 7.34 21.91 21.91 41.22 9.78 3.36 -5.77 -5.93
Performance Differential (NAV - Index) -0.09 -0.25 -0.25 -1.08 -0.13 0.49 -0.24 -0.25

Top 10 Holdings (%) as of 04/30/22 Daily Holdings

Total Holdings: 30
Swipe
to view
full data
Holding Name
Ticker
Shares
Market Value
(US$)
% of Net
Assets
Enbridge Inc
ENB US
55,192
2,408,579 7.79
Tc Energy Corp
TRP US
43,728
2,313,211 7.49
Kinder Morgan Inc
KMI US
116,188
2,108,812 6.82
Williams Cos Inc/The
WMB US
60,849
2,086,512 6.75
Cheniere Energy Inc
LNG US
13,621
1,849,868 5.99
Pembina Pipeline Corp
PBA US
42,069
1,592,312 5.15
Oneok Inc
OKE US
25,121
1,590,913 5.15
Energy Transfer Lp
ET US
134,489
1,490,138 4.82
Targa Resources Corp
TRGP US
20,040
1,471,136 4.76
Keyera Corp
KEY CN
58,291
1,446,101 4.68
Top 10 Total (%) 59.41
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Sector Weightings (%) as of 04/30/22

  • Sector

    % of Net Assets
  • Energy

    98.5
  • n/a

    0.8
  • Other/Cash

    0.6

Currency Exposure (%)
as of 04/30/22

  • U.S. Dollar

    91.98
  • Canadian Dollar

    7.41
  • Other/Cash

    0.61

Country Weightings (%) as of 04/30/22

  • Country

    % of Net Assets
  • United States

    70.89
  • Canada

    27.84
  • Netherlands

    0.66
  • Other/Cash

    0.61