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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
  • ETF Structure

    Physical
  • Administrator

    Van Eck Associates
  • Custodian

    State Street Bank and Trust Company
  • Index Ticker

    SPGRUSST
  • Index Rebalancing

    Monthly
  • 2021 Preliminary NAIC Designation7

    2.B

 
as of 12/03/21

  • 30-Day SEC Yield1

    2.09%
  • Total Net Assets

    $102.0M
  • Number of Holdings

    303
  • Options

    Expected
  • Gross Expense Ratio2

    0.20%
  • Net Expense Ratio/TER2

    0.20%
  • Distribution Frequency

    Monthly

Index Key Points

The S&P Green Bond U.S. Dollar Select Index (SPGRUSST) is comprised of:

U.S. dollar-denominated bonds issued to finance environmentally friendly projects. To be eligible the issuer must clearly indicate the intended use of proceeds, and the bond must be designated as “green” by the Climate Bonds Initiative.

Index Weighting:

Constituents are weighted based on market value, subject to a 10% issuer cap and a 20% high yield cap

Index Provider:

S&P Dow Jones Indices

Index Profile

  • Ticker

    SPGRUSST
  • Inception Date

    06/17/2019
  • Rebalance Frequency

    Monthly

Index Fundamentals4
as of 12/03/21

  • Yield to Worst

    2.37%
  • Yield to Maturity

    2.42%
  • Effective Duration (yrs)

    5.94
  • Duration to Worst (yrs)

    6.00
  • Modified Duration (yrs)

    6.15
  • Spread Duration (yrs)

    6.02
  • Years to Maturity

    8.19
  • Coupon

    2.85%
 4 See Important Disclosure for definitions.

Top 10 Constituents (%) as of 11/30/21

Total Constituents: 342
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full data
Constituent Name
Coupon
Maturity Weighting (%)
Kfw
0.000
10/01/2026
1.42
Republic Of Chile
0.000
01/25/2050
1.13
European Investment Bank
0.000
06/13/2025
1.03
Kfw
0.000
09/14/2029
0.97
Kfw
0.000
09/30/2030
0.90
European Investment Bank
2.375
05/24/2027
0.76
Slg 2021-Ova A
0.000
07/15/2041
0.75
European Investment Bank
2.125
04/13/2026
0.75
Apple Inc
2.850
02/23/2023
0.74
Citigroup Inc
1.678
05/15/2024
0.72
Top 10 Total (%) 9.17
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Index Country Weightings (%) as of 11/30/21

  • Country

    % of Net Assets
  • United States

    37.96
  • China

    10.21
  • Supra-National

    10.16
  • India

    5.37
  • South Korea

    4.79
  • Germany

    4.62
  • Netherlands

    3.45
  • Hong Kong

    3.12
  • Chile

    2.83
  • Indonesia

    2.59
  • Brazil

    2.39
  • Canada

    1.83
  • Japan

    1.62
  • Sweden

    0.96
  • Uae

    0.91
  • Singapore

    0.76
  • Norway

    0.73
  • France

    0.64
  • Saudi Arabia

    0.62
  • Portugal

    0.40
  • OTHERS

    4.04

Index Sector Weightings (%) as of 11/30/21

  • Sector

    % of Net Assets
  • Government

    38.7
  • Financial

    32.5
  • Utilities

    16.3
  • Industrial

    3.5
  • Consumer, Non-cyclical

    1.9
  • Energy

    1.9
  • Consumer, Cyclical

    1.7
  • Basic Materials

    1.2
  • Communications

    1.1
  • Technology

    0.7
  • OTHERS

    0.4

Index Credit Quality (%) as of 11/30/21

Composite % of Net Assets
Investment Grade AAA 17.28
AA 8.02
A 23.48
BBB 26.73
Non-Investment Grade BB 10.55
B 3.64
CCC 0.04
CC 0.16
Total Investment Grade -- 75.51
Total Non-Investment Grade -- 14.39
Not Rated -- 10.10
 

Maturity (%) as of 11/30/21

 Average Maturity: 8.17 Years