GRNBVanEck Green Bond ETF
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 03/31/23
-
Yield to Worst
5.39% -
Yield to Maturity
5.40% -
Effective Duration (yrs)
5.27 -
Duration to Worst (yrs)
5.40 -
Modified Duration (yrs)
5.40 -
Spread Duration (yrs)
5.34 -
Years to Maturity
7.80 -
Coupon
3.26%
Index Top 10 Constituents (%) as of 02/28/23
Constituent Name |
Coupon
|
Maturity | Weightings (%) |
---|---|---|---|
Kfw |
0.000 |
10/01/2026 | 1.11 |
European Investment Bank |
0.000 |
06/13/2025 | 0.80 |
Ford Motor Company |
0.000 |
02/12/2032 | 0.79 |
Kfw |
0.000 |
09/14/2029 | 0.73 |
Republic Of Chile |
0.000 |
01/25/2050 | 0.70 |
Ford Motor Company |
6.100 |
08/19/2032 | 0.69 |
Kfw |
0.000 |
09/30/2030 | 0.65 |
Citigroup Inc |
1.678 |
05/15/2024 | 0.62 |
Perusahaan Penerbit Sbsn |
0.000 |
06/06/2032 | 0.62 |
European Investment Bank |
2.125 |
04/13/2026 | 0.58 |
Top 10 Total (%) | 7.28 |
Index Country Weightings (%)
as of 02/28/23
Country | % of Net Assets |
---|---|
● United States | 37.53 |
● China | 10.08 |
● Supra-National | 6.09 |
● South Korea | 5.72 |
● Japan | 4.53 |
● Netherlands | 4.46 |
● Germany | 2.98 |
● Indonesia | 2.38 |
● Chile | 2.31 |
● India | 2.24 |
● United Kingdom | 2.16 |
● Singapore | 2.06 |
● Brazil | 1.76 |
● Cayman Islands | 1.67 |
● Canada | 1.54 |
● Australia | 1.44 |
● Sweden | 1.17 |
● France | 1.04 |
● Spain | 0.82 |
● United Arab Emirates | 0.72 |
● OTHERS | 7.30 |
Index Sector Weightings (%)
as of 02/28/23
Sector | % of Net Assets |
---|---|
● Financials | 36.5 |
● Utilities | 21.5 |
● Real Estate | 8.3 |
● Government Activity | 6.6 |
● Mortgage Securities | 5.7 |
● Consumer Cyclicals | 4.9 |
● Technology | 4.2 |
● Basic Materials | 3.7 |
● Industrials | 3.3 |
● Asset Backed Securities | 1.1 |
● OTHER | 4.1 |
Index Credit Quality (%)† as of 02/28/23
Composite | % of Net Assets | |
---|---|---|
Investment Grade | AAA | 12.14 |
AA | 7.40 | |
A | 26.80 | |
BBB | 28.30 | |
Non-Investment Grade | BB | 9.88 |
B | 1.43 | |
CCC | 0.29 | |
CC | 0.14 | |
Total Investment Grade | -- | 74.64 |
Total Non-Investment Grade | -- | 11.74 |
Not Rated | -- | 13.62 |
Maturity (%)
as of 02/28/23
Average Maturity: 7.48 Years