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GMET
VanEck Green Metals ETF

Fund Description

VanEck Green Metals ETF (GMET) seeks to track as closely as possible, before fees and expenses, the price and yield performance of the MVIS® Global Clean-Tech Metals Index (MVGMETTR), which is intended to track the performance of companies involved in the production, refining, processing and recycling of green metals. Green metals are metals used in the applications, products and processes that enable the energy transition from fossil fuels to cleaner energy sources and technologies.

 
 

  • Fund Ticker

    GMET
  • Exchange

    New York Stock Exchange Arca
  • Inception Date

    11/09/2021
  • ETF Structure

    Physical
  • Administrator

    Van Eck Associates
  • Index Ticker

    MVGMETTR
  • Index Rebalancing

    Quarterly

  as of 12/06/22

  • 30-Day SEC Yield1

    2.42%
  • Total Net Assets

    $24.7M
  • Number of Holdings

    51
  • Options

    Available
  • Gross Expense Ratio2

    0.59%
  • Net Expense Ratio/TER2

    0.59%
  • Distribution Frequency

    Annual
  • Next Distribution Date

    12/16/2022

Fund Highlights

  • Metals Critical to Energy Transition
    A transition to a low carbon economy cannot happen without green metals such as cobalt, copper, lithium, rare earths and zinc

  • Comprehensive Global Exposure
    Portfolio captures companies involved in the production of green metals globally, including China A-shares

  • Demand Outstripping Supply
    The demand for green metals is expected to continue increasing and future production of key minerals may not be sufficient

Trading Information

  • Fund Ticker

    GMET
  • Index Total Return Ticker

    MVGMETTR
  • NAV

    GMETNV
  • Intraday NAV (IIV)4

    GMETIV
  • Shares Outstanding

    800,000
  • Estimated Cash

    GMETEU
  • Total Cash

    GMETTC
  • CUSIP

    92189Y204
  • ISIN

    US92189Y2046
Source: Bloomberg

Fees and Expenses2

  • Management Fee

    0.59%
  • Other Expenses

    --
  • Gross Expense Ratio

    0.59%
  • Fee Waivers and
    Expense Reimbursement

    --
  • Net Expense Ratio/TER2

    0.59%

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. Notwithstanding the foregoing, the Adviser has agreed to pay the offering costs until at least May 1, 2023.

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
  • 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 12/06/22

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
GMET $30.90
$30.73
8,393
1,024
$-0.05 / -0.16%
$-0.12 / -0.38%
-11.42%
-12.33%
$-0.17
-0.54%
0.51%

Premium/Discount History as of 12/06/22

Since Inception 4Q 2021 1Q 2022 2Q 2022 3Q 2022 Premium/Discount Charts NAV & Prem/Discount History
GMET Days closed at a premium 221 29 58 59 49
Days closed at NAV 10 0 1 1 3
Days closed at a discount 39 7 3 2 12

Performance History: Average Annual Total Returns* (%)

  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
11/09/21
GMET (NAV) 16.88 10.64 -10.34 -9.20 -- -- -- -9.28
GMET (Share Price) 18.16 11.69 -9.85 -8.65 -- -- -- -8.39
MVGMETTR (Index) 16.00 9.28 -10.47 -9.58 -- -- -- -9.63
Performance Differential (NAV - Index) 0.88 1.36 0.13 0.38 -- -- -- 0.35
  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
11/09/21
GMET (NAV) -7.35 -10.19 -24.91 -- -- -- -- -24.45
GMET (Share Price) -7.22 -10.63 -25.11 -- -- -- -- -24.29
MVGMETTR (Index) -7.27 -9.43 -24.02 -- -- -- -- -23.75
Performance Differential (NAV - Index) -0.08 -0.76 -0.89 -- -- -- -- -0.70

Top 10 Holdings (%) as of 11/30/22

Daily Holdings
Total Holdings: 51
Holding Name
Ticker
Shares
Market Value
(US$)
% of Net
Assets
Anglo American Plc
AAL LN
57,371
2,356,807 9.42
Glencore Plc
GLEN LN
336,203
2,266,972 9.06
Freeport-Mcmoran Inc
FCX US
55,653
2,214,989 8.85
Albemarle Corp
ALB US
5,253
1,460,281 5.84
Teck Resources Ltd
TECK US
32,316
1,198,600 4.79
Tianqi Lithium Corp
002466 C2
72,900
947,133 3.79
Grupo Mexico Sab De Cv
GMEXICOB MF
229,600
932,456 3.73
Ganfeng Lithium Group Co Ltd
002460 C2
72,320
841,956 3.37
Zhejiang Huayou Cobalt Co Ltd
603799 C1
90,530
807,736 3.23
First Quantum Minerals Ltd
FM CN
32,137
758,089 3.03
Top 10 Total (%) 55.09
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These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%)
as of 11/30/22

Country % of Net Assets
China 23.88
Australia 18.43
United States 16.63
South Africa 15.92
Canada 7.06
Mexico 5.26
Zambia 3.03
Japan 2.75
Sweden 2.31
Liechtenstein 1.94
Chile 1.12
Poland 0.89
Germany 0.74
Other/Cash 0.04

Sector Weightings (%)
as of 11/30/22

Sector % of Net Assets
Materials 99.07
Industrials 0.89
Other/Cash 0.04

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