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SMOG
VanEck Vectors Low Carbon Energy ETF

Fund Description

VanEck Vectors^®Low Carbon Energy ETF (SMOG) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Ardour Global Index^SMExtra Liquid (AGIXLT). The index is intended to track the overall performance of low carbon energy companies which are those companies primarily engaged in alternative energy which includes power derived principally from bio-fuels (such as ethanol), wind, solar, hydro and geothermal sources and also includes the various technologies that support the production, use and storage of these sources.

Fund Ticker
SMOG
Exchange
NYSE Arca
ETF Structure
Physical
Administrator
Van Eck Associates
Custodian
State Street Bank and Trust Company
Index Ticker
AGIXLT
Index Rebalancing
Quarterly

as of 04/14/21

30-Day SEC Yield¹
0.13%
Total Net Assets
$289.5M
Number of Holdings
30
Options
Available
Gross Expense Ratio²
0.65%
Net Expense Ratio/TER²
0.62%
Distribution Frequency
Annual

Schedule a Call

Key Points

One-Trade Access to Low Carbon Energy
Dynamic industry driven by growing demand for clean and alternative energy sources

Pure Play with Global Scope
Global companies must derive at least 50% of total revenues from low carbon energy (i.e., alternative energy) to be added to the Index

Convenient Customization
Customize overall commodity exposure with targeted allocation to low carbon energy companies

Trading Information

Fund Ticker
SMOG
Index Total Return Ticker
AGIXLT
NAV
SMOGNV
Intraday NAV (IIV)⁴
SMOGIV
Shares Outstanding
1,883,298
Estimated Cash
SMOGEU
Total Cash
SMOGTC
CUSIP
92189F502
ISIN
US92189F5026

Source: Bloomberg

Fees and Expenses²

Management Fee
0.50%
Other Expenses
0.15%
Gross Expense Ratio
0.65%
Fee Waivers and
Expense Reimbursement
-0.03%
Net Expense Ratio/TER²
0.62%

²Expenses for SMOG are capped contractually at 0.62% until May 1, 2021. Cap excludes acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses.

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

Prices as of 04/14/21

	NAV/ Market Price	Volume 30-Day Avg./ Last Trading Day	Daily Change NAV/ Last Price	YTD Change NAV/ Last Price	Premium/ Discount	Prem/Discount Distribution Charts	NAV & Prem/Discount History	30-Day Median Bid Ask Spread	NAV Chart
SMOG	$153.70 $153.56	11,776 6,532	-$1.37 / -0.88% $-1.13 / -0.73%	-7.08% -7.21%	$-0.15 -0.09%			0.70%

Premium/Discount History as of 04/14/21

		Calendar Year 2020	2Q 2020	3Q 2020	4Q 2020	1Q 2021
	Days closed at a premium	138	29	30	40	42
SMOG	Days closed at NAV	4	0	1	1	0
	Days closed at a discount	111	34	33	23	19

Performance History: Average Annual Total Returns* (%)
View All ETFs View All Indices

Month End as of 03/31/21
Quarter End as of 03/31/21

	1 MO	3 MO	YTD	1 YR	3 YR	5 YR	10 YR	LIFE 05/03/07
SMOG (NAV)	-3.20	-5.18	-5.18	160.54	37.83	25.25	9.95	2.91
SMOG (Share Price)	-3.61	-5.03	-5.03	160.42	37.86	25.22	9.91	2.93
AGIXLT (Index)	-3.27	-5.13	-5.13	161.78	38.80	25.73	9.84	2.80
Performance Differential (NAV - Index)	0.07	-0.05	-0.05	-1.24	-0.97	-0.48	0.11	0.11

	1 MO	3 MO	YTD	1 YR	3 YR	5 YR	10 YR	LIFE 05/03/07
SMOG (NAV)	-3.20	-5.18	-5.18	160.54	37.83	25.25	9.95	2.91
SMOG (Share Price)	-3.61	-5.03	-5.03	160.42	37.86	25.22	9.91	2.93
AGIXLT (Index)	-3.27	-5.13	-5.13	161.78	38.80	25.73	9.84	2.80
Performance Differential (NAV - Index)	0.07	-0.05	-0.05	-1.24	-0.97	-0.48	0.11	0.11

*Returns less than one year are not annualized.

The table presents past performance which is no guarantee of future results and which may be lower or higher than current performance. Returns reflect temporary contractual fee waivers and/or expense reimbursements. Had the ETF incurred all expenses and fees, investment returns would have been reduced. Investment returns and ETF share values will fluctuate so that investors' shares, when redeemed, may be worth more or less than their original cost. ETF returns assume that dividends and capital gains distributions have been reinvested in the Fund at NAV.

Top 10 Holdings (%) as of 03/31/21 Daily Holdings

Total Holdings: 30

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full data

	Holding Name	Ticker	Shares	Market Value (US$)	% of Net Assets
	EATON CORP PLC	ETN US	192,035	26,554,600	8.99
	TESLA INC	TSLA US	38,212	25,522,941	8.64
	NIO INC	NIO US	580,777	22,638,687	7.66
	VESTAS WIND SYSTEMS A/S	VWS DC	105,734	21,864,257	7.40
	MICROCHIP TECHNOLOGY INC	MCHP US	136,308	21,157,728	7.16
	SAMSUNG SDI CO LTD	006400 KS	28,799	16,934,444	5.73
	ORSTED AS	ORSTED DC	94,631	15,316,573	5.19
	ON SEMICONDUCTOR CORP	ON US	308,480	12,835,853	4.35
	ENPHASE ENERGY INC	ENPH US	76,030	12,329,025	4.17
	ALBEMARLE CORP	ALB US	77,949	11,389,128	3.86
Top 10 Total (%)					63.15

These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 03/31/21

Country
% of Net Assets
■
United States
57.43
■
China
15.47
■
Denmark
12.59
■
Canada
5.85
■
South Korea
5.73
■
Germany
2.22
■
France
0.68
■
Other/Cash
0.04

Sector Weightings (%) as of 03/31/21

Sector
% of Net Assets
■
Information Technology
36.8
■
Industrials
29.6
■
Consumer Discretionary
19.9
■
Utilities
9.3
■
Materials
4.3
■
Other/Cash
0.0