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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
  • ETF Structure

    Physical
  • Administrator

    Van Eck Associates
  • Custodian

    State Street Bank and Trust Company
  • Index Ticker

    MVGMETTR
  • Index Rebalancing

    Quarterly

 
as of 01/14/22

  • 30-Day SEC Yield1

    1.35%
  • Total Net Assets

    $18.1M
  • Number of Holdings

    48
  • Options

    Expected
  • Gross Expense Ratio2

    0.59%
  • Net Expense Ratio/TER2

    0.59%
  • Distribution Frequency

    Annual

Index Key Points

Underlying Index: MVIS Global Clean-Tech Metals Index (MVGMETTR)


The Index comprises:
A focused group of companies primarily engaged in a variety of activities that are related to the producing, 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.


Companies initially eligible for inclusion in Index:

  • Global companies, including those with A-shares trading via Stock Connect programs, that generate at least 50% of their revenues from green metals or have mining projects with the potential to generate at least 50% of their revenues from green metals when developed
  • Market cap exceeding $150 million as of the end of the month prior to the month in which a rebalancing date occurs

Index provider:
MV Index Solutions

Index Profile

  • Ticker

    MVGMETTR
  • Inception Date

    11/02/2021
  • Rebalance Frequency

    Quarterly

Index Top 10 Constituents (%) as of 12/31/21

Total Constituents: 45
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full data
Constituent Name
Ticker
Weightings (%)
Freeport-Mcmoran Inc
FCX US
8.79
Glencore Plc
GLEN LN
8.52
Ganfeng Lithium Co Ltd-A
002460 C2
6.27
Mmc Norilsk Nickel Pjsc-Adr
MNOD LI
5.58
Zhejiang Huayou Cobalt Co -A
603799 C1
4.72
China Northern Rare Earth -A
600111 C1
4.24
Grupo Mexico Sab De Cv-Ser B
GMEXICOB MM
4.00
Teck Resources Ltd-Cls B
TECK US
3.93
First Quantum Minerals Ltd
FM CN
2.99
Boliden Ab
BOL SS
2.94
Top 10 Total (%) 51.98
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Index Country Weightings (%) as of 12/31/21

  • Country

    Weightings (%)
  • China

    30.2
  • Australia

    16.6
  • United States

    10.5
  • Canada

    6.4
  • South Africa

    6.3
  • Russia

    5.6
  • Mexico

    4.0
  • Chile

    3.4
  • Japan

    3.2
  • Zambia

    3.0
  • Sweden

    2.9
  • Peru

    1.5
  • Poland

    1.2
  • Germany

    0.9

Index Sector Weightings (%) as of 12/31/21

  • Sector

    Weightings (%)
  • Materials

    95.7