GMETVanEck 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 06/27/22
-
30-Day SEC Yield1
1.93% -
Total Net Assets
$22.7M -
Number of Holdings
49 -
Options
Available -
Gross Expense Ratio2
0.59% -
Net Expense Ratio/TER2
0.59% -
Distribution Frequency
Annual -
Next Distribution Date
12/16/2022
Key Points
- 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
750,000 -
Estimated Cash
GMETEU -
Total Cash
GMETTC -
CUSIP
92189Y204 -
ISIN
US92189Y2046
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
Peter Liao, CFA
- 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
Guo Hua (Jason) Jin
- 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
Griffin Driscoll
- Analyst for Equity ETFs
- Joined VanEck in 2018
- Prior to joining VanEck, ETF Basket Operations Analyst at JPMorgan
- BS, Finance, Providence College
Ralph Lasta
- Analyst for Equity ETFs
- Joined VanEck in 2019
- Prior to VanEck, Intermediate Representative, Exchange Traded Funds at BNY Mellon.
- BS, Accounting, Hunter College
$0.43
/
+1.43%
Performance History: Average Annual Total Returns* (%)
| 1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR |
LIFE 11/09/21 |
|
|---|---|---|---|---|---|---|---|---|
| GMET (NAV) | 5.74 | -12.58 | -4.78 | -- | -- | -- | -- | -4.20 |
| GMET (Share Price) | 5.62 | -13.05 | -4.71 | -- | -- | -- | -- | -3.67 |
| MVGMETTR (Index) | 5.06 | -12.15 | -4.39 | -- | -- | -- | -- | -4.05 |
| Performance Differential (NAV - Index) | 0.68 | -0.43 | -0.39 | -- | -- | -- | -- | -0.15 |
| 1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR |
LIFE 11/09/21 |
|
|---|---|---|---|---|---|---|---|---|
| GMET (NAV) | -2.84 | 5.82 | 5.82 | -- | -- | -- | -- | 6.47 |
| GMET (Share Price) | -3.02 | 6.28 | 6.28 | -- | -- | -- | -- | 7.45 |
| MVGMETTR (Index) | -2.18 | 6.47 | 6.47 | -- | -- | -- | -- | 6.84 |
| Performance Differential (NAV - Index) | -0.66 | -0.65 | -0.65 | -- | -- | -- | -- | -0.37 |
Top 10 Holdings (%) as of 05/31/22 Daily Holdings
to view
full data
| Holding Name |
Ticker
|
Shares
|
Market Value (US$) |
% of Net Assets |
|---|---|---|---|---|
| Glencore Plc |
GLEN LN |
368,895 |
2,433,462 | 9.16 |
| Albemarle Corp |
ALB US |
7,733 |
2,013,828 | 7.58 |
| Freeport-Mcmoran Inc |
FCX US |
48,554 |
1,897,490 | 7.14 |
| Teck Resources Ltd |
TECK US |
38,271 |
1,589,777 | 5.98 |
| Ganfeng Lithium Co Ltd |
002460 C2 |
82,900 |
1,471,348 | 5.54 |
| Grupo Mexico Sab De Cv |
GMEXICOB MF |
254,000 |
1,252,541 | 4.71 |
| Zhejiang Huayou Cobalt Co Ltd |
603799 C1 |
76,254 |
1,073,120 | 4.04 |
| First Quantum Minerals Ltd |
FM CN |
34,956 |
1,012,048 | 3.81 |
| Boliden Ab |
BOL SS |
20,973 |
880,982 | 3.32 |
| China Northern Rare Earth Group High-Te |
600111 C1 |
164,868 |
856,722 | 3.22 |
| Top 10 Total (%) | 54.50 | |||
Country Weightings (%) as of 05/31/22
-
Country
% of Net Assets -
■
China
27.18 -
■
Australia
17.50 -
■
United States
16.84 -
■
Canada
8.14 -
■
South Africa
7.14 -
■
Mexico
6.33 -
■
Zambia
3.81 -
■
Japan
3.44 -
■
Sweden
3.32 -
■
Liechtenstein
2.20 -
■
Chile
1.63 -
■
Poland
1.21 -
■
Germany
0.91 -
■
Russia
0.00 -
■
Other/Cash
0.34
Sector Weightings (%) as of 05/31/22
-
Sector
% of Net Assets -
■
Materials
99.7 -
■
Other/Cash
0.3