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GRNB
VanEck Green Bond ETF

Fund Description

VanEck 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
  • Inception Date

    03/03/2017
  • ETF Structure

    Physical
  • Administrator

    Van Eck Associates
  • Index Ticker

    SPGRUSST
  • Index Rebalancing

    Monthly
  • 2022 Preliminary NAIC Designation7

    2.C

 
as of 06/24/22

  • 30-Day SEC Yield1

    4.08%
  • Total Net Assets

    $82.5M
  • Number of Holdings

    322
  • Options

    No
  • Gross Expense Ratio2

    0.20%
  • Net Expense Ratio/TER2

    0.20%
  • Distribution Frequency

    Monthly
  • Next Distribution Date

    06/30/2022

Morningstar™ Ratings3
as of 05/31/2022

Category Overall 3 Year 5 Year
Global Bond
4 stars of 193 funds
4 stars of 193 funds
4 stars of 171 funds

Key Points

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

  • A sustainable investment solution for a core bond portfolio

  • Index includes only U.S. dollar-denominated bonds designated as “green” by the Climate Bonds Initiative

Yield
as of 06/24/22

  • 30-Day SEC Yield1

    4.08%
  • Distribution Yield1

    2.75%
  • 12-Month Yield1

    2.37%
 1 See Important Disclosure for definitions.

Fees and Expenses2

  • Management Fee

    0.20%
  • Other Expenses

    --
  • Acquired Fund Fees and Expenses

    --
  • Gross Expense Ratio

    0.20%
  • Fee Waivers and
    Expense Reimbursement

    --
  • Net Expense Ratio/TER2

    0.20%

2'Van 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. Notwithstanding the foregoing, the Adviser has agreed to pay the offering costs until at least September 1, 2022.'

Trading Information

  • Fund Ticker

    GRNB
  • Index Total Return Ticker

    SPGRUSST
  • NAV

    GRNBNV
  • Intraday NAV (IIV)5

    GRNBIV
  • Shares Outstanding

    3,500,000
  • Estimated Cash

    GRNBEU
  • Total Cash

    GRNBTC
  • CUSIP

    92189F171
  • ISIN

    US92189F1710
5See IIV Details. Source: Bloomberg

Fundamentals4
as of 06/24/22

  • Yield to Worst

    4.64%
  • Yield to Maturity

    4.64%
  • Effective Duration (yrs)

    5.15
  • Years to Maturity

    7.21
  • Modified Duration (yrs)

    5.31
  • Coupon

    2.67%
 4See Important Disclosure for definitions.

Investment Professionals

  • Head of Fixed Income ETF Portfolio Management
  • Responsible for portfolio strategies as well as credit and market analysis; specializes in international bond markets
  • Joined VanEck in 2012
  • Prior to VanEck, Managing Director of Global Emerging Markets with The Seaport Group; launched the firm’s emerging markets fixed income sales and trading business
  • Previously, held portfolio management positions at Greylock Capital and Soundbrook Capital; focused on corporate high-yield and distressed bonds with an emphasis on emerging markets
  • CFA charterholder; member of CFA Society New York
  • MBA (with distinction), Finance, University of Pennsylvania
  • AB, History, Princeton University
  • Associate Portfolio Manager for Fixed Income ETFs
  • Joined VanEck in 2013
  • Prior to his current role, held a portfolio administration position for the firm’s alternative investment funds
  • MS, Finance, University of Rochester
  • BS, Information Sciences and Technology, Pennsylvania State University
  • Associate Portfolio Manager for Fixed Income ETFs
  • Joined VanEck in 2016
  • MS, Financial Engineering, Baruch College
  • BBA, Finance, Baruch College
  • Senior Trader, Portfolio Analyst for Fixed Income ETFs
  • Joined VanEck in 2017
  • Previously, Trader at Beck, Mack & Oliver LLC and monitored markets and executed equity and fixed income trades and Fixed Income Operations at Gleacher & Company Securities, Inc.
  • MBA, Finance, Montclair State University
  • BS, concentration in Accounting and Finance, minor in Computer Science, University of Vermont

Prices as of 06/24/22

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
GRNB $23.57
$23.61
20,295
8,149
$-0.04 / -0.16%
$0.03 / +0.11%
-10.94%
-10.98%
$0.04
0.17%
0.21%

Premium/Discount History as of 06/24/22

Calendar Year 2021 2Q 2021 3Q 2021 4Q 2021 1Q 2022 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 236 63 61 51 32
GRNB Days closed at NAV 8 0 3 5 5
Days closed at a discount 8 0 0 8 25

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) 0.34 -5.23 -8.85 -9.35 -0.28 0.32 -- 1.29
GRNB (Share Price) 0.85 -5.34 -8.94 -9.58 -0.33 0.28 -- 1.30
SPGRUSST (Index)** 0.40 -5.15 -8.90 -9.16 0.10 0.86 -- 1.81
Performance Differential (NAV - Index) -0.06 -0.08 0.05 -0.19 -0.38 -0.54 -- -0.52
Bloomberg US Aggregate Bond Index 0.64 -5.86 -8.92 -8.22 -- 1.18 1.71 1.53
  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
03/03/17
GRNB (NAV) -2.28 -6.01 -6.01 -5.39 0.86 1.77 -- 1.94
GRNB (Share Price) -2.67 -6.38 -6.38 -5.93 0.80 1.74 -- 1.90
SPGRUSST (Index)** -2.31 -6.17 -6.17 -5.27 1.25 2.28 -- 2.47
Performance Differential (NAV - Index) 0.03 0.16 0.16 -0.12 -0.39 -0.51 -- -0.53
Bloomberg US Aggregate Bond Index -2.78 -5.93 -5.93 -4.15 1.69 2.14 2.24 2.23

Top 10 Holdings (%) as of 05/31/22 Daily Holdings

Total Holdings: 322
Swipe
to view
full data
Holding Name
Coupon
Maturity
Country
Currency
% of Net
Assets
Kreditanstalt Fuer Wiederaufbau
1.750
09/14/2029
Germany
USD
1.37
Ford Motor Co
3.250
02/12/2032
United States
USD
1.01
Apple Inc
3.000
06/20/2027
United States
USD
0.95
Industrial & Commercial Bank Of China L
1.665
09/16/2024
China
USD
0.95
Kreditanstalt Fuer Wiederaufbau
0.750
09/30/2030
Germany
USD
0.94
European Investment Bank
2.875
06/13/2025
Supra-National
USD
0.90
Nederlandse Waterschapsbank Nv
2.375
03/24/2026
Netherlands
USD
0.87
International Finance Corp
2.125
04/07/2026
Supra-National
USD
0.86
Chile Government International Bond
3.500
01/25/2050
Chile
USD
0.84
Perusahaan Penerbit Sbsn Indonesia Iii
3.750
03/01/2023
Indonesia
USD
0.78
Top 10 Total (%) 9.48

These are not recommendations to buy or to sell any security. Securities and holdings may vary.

‡See Country of Risk disclosure.

Country Weightings (%) as of 05/31/22

  • Country

    % of Net Assets
  • United States

    37.02
  • China

    11.58
  • Supra-National

    7.76
  • South Korea

    5.27
  • Netherlands

    4.78
  • Germany

    3.33
  • India

    3.27
  • Chile

    3.08
  • Japan

    2.55
  • United Kingdom

    2.38
  • Brazil

    2.25
  • Indonesia

    1.97
  • Singapore

    1.97
  • Canada

    1.91
  • Sweden

    1.36
  • Luxembourg

    0.96
  • Spain

    0.91
  • France

    0.85
  • Mauritius

    0.80
  • Uae

    0.68
  • Norway

    0.60
  • Saudi Arabia

    0.59
  • Australia

    0.50
  • Portugal

    0.41
  • Colombia

    0.34
  • Israel

    0.32
  • Egypt

    0.27
  • Georgia

    0.26
  • Mexico

    0.24
  • Virgin Islands

    0.24
  • Philippines

    0.23
  • Bermuda

    0.23
  • Qatar

    0.22
  • Turkey

    0.19
  • Pakistan

    0.15
  • Argentina

    0.12
  • Dominican Repb.

    0.11
  • Other/Cash

    0.30

Currency Exposure (%)
as of 05/31/22

  • U.S. Dollar

    99.70
  • Other/Cash

    0.30

Sector Weightings (%) as of 05/31/22

  • Sector

    % of Net Assets
  • Financials

    40.9
  • Utilities

    20.3
  • Real Estate

    8.6
  • Government Activity

    6.9
  • Industrials

    3.7
  • Technology

    3.4
  • Basic Materials

    3.2
  • Consumer Cyclicals

    2.5
  • Energy

    1.8
  • Government

    0.8
  • Healthcare

    0.8
  • Consumer Non-Cyclicals

    0.2
  • Academic & Educational Services

    0.2
  • Other/Cash

    6.6

Credit Quality (%) as of 05/31/22

Composite % of Net Assets
Investment Grade AAA 15.05
AA 7.87
A 25.81
BBB 29.21
Non-Investment Grade BB 10.95
B 2.45
CCC 0.15
Total Investment Grade -- 77.94
Total Non-Investment Grade -- 13.55
Not Rated -- 7.66

Maturity (%) as of 05/31/22

Average Portfolio Maturity: 7.35 Years