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SMOG
VanEck Low Carbon Energy ETF

Fund Description

VanEck Low Carbon Energy ETF (SMOG) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS Global Low Carbon Energy Index (MVSMOGTR). The index is a rules based index intended to track the overall performance of renewable energy companies which may include, but is not limited to: wind, solar, hydro, hydrogen, bio-fuel or geothermal technology, lithium-ion batteries, electric vehicles and related equipment, waste-to-energy production, smart grid technologies, or building or industrial materials that reduce carbon emissions or energy consumption.

 
 

  • Fund Ticker

    SMOG
  • Exchange

    NYSE Arca
  • Inception Date

    05/03/2007
  • ETF Structure

    Physical
  • Administrator

    Van Eck Associates
  • Index Ticker

    MVSMOGTR
  • Index Rebalancing

    Quarterly

  as of 12/05/22

  • 30-Day SEC Yield1

    1.14%
  • Total Net Assets

    $220.2M
  • Number of Holdings

    73
  • Options

    Available
  • Gross Expense Ratio2

    0.55%
  • Net Expense Ratio/TER2

    0.55%
  • Distribution Frequency

    Annual
  • Next Distribution Date

    12/16/2022

Fund Highlights

  • Dynamic industry driven by growing demand for clean and renewable energy sources

  • Comprehensive exposure to the broad range of technologies and investment opportunities in the low carbon energy ecosystem

  • Pure-play exposure based on revenue qualifications

Trading Information

  • Fund Ticker

    SMOG
  • Index Total Return Ticker

    MVSMOGTR
  • NAV

    SMOGNV
  • Intraday NAV (IIV)4

    SMOGIV
  • Shares Outstanding

    1,783,298
  • Estimated Cash

    SMOGEU
  • Total Cash

    SMOGTC
  • CUSIP

    92189F502
  • ISIN

    US92189F5026
Source: Bloomberg

Fees and Expenses2

  • Management Fee

    0.50%
  • Other Expenses

    0.05%
  • Gross Expense Ratio

    0.55%
  • Fee Waivers and
    Expense Reimbursement

    --
  • Net Expense Ratio/TER2

    0.55%

2Expenses for SMOG are capped contractually at 0.62% until May 1, 2023. Cap excludes acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses.

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 12/05/22

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
SMOG $123.48
$122.98
3,888
4,006
$-1.65 / -1.32%
$-1.85 / -1.48%
-22.68%
-23.23%
$-0.50
-0.40%
0.67%

Premium/Discount History as of 12/05/22

Calendar Year 2021 4Q 2021 1Q 2022 2Q 2022 3Q 2022 Premium/Discount Charts NAV & Prem/Discount History
SMOG Days closed at a premium 142 34 16 11 15
Days closed at NAV 3 2 1 0 0
Days closed at a discount 107 28 45 51 49

Performance History: Average Annual Total Returns* (%)

  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
05/03/07
SMOG (NAV) 10.60 -5.46 -22.73 -27.87 21.30 16.14 15.51 1.06
SMOG (Share Price) 10.58 -5.34 -22.98 -27.99 21.29 16.20 15.51 1.06
MVSMOGTR (Index)** 9.74 -6.32 -23.42 -28.45 21.62 16.62 15.60 0.95
Performance Differential (NAV - Index) 0.86 0.86 0.69 0.58 -0.32 -0.48 -0.09 0.11
  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
05/03/07
SMOG (NAV) -13.12 -9.35 -28.99 -23.64 21.25 14.08 14.82 0.52
SMOG (Share Price) -13.02 -9.20 -29.22 -23.56 21.20 14.04 14.91 0.52
MVSMOGTR (Index)** -12.94 -8.79 -28.83 -23.46 22.06 14.81 15.00 0.48
Performance Differential (NAV - Index) -0.18 -0.56 -0.16 -0.18 -0.81 -0.73 -0.18 0.04

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

Daily Holdings
Total Holdings: 72
Holding Name
Ticker
Shares
Market Value
(US$)
% of Net
Assets
Nextera Energy Inc
NEE US
206,507
17,491,143 7.95
Iberdrola Sa
IBE SM
1,525,330
17,050,950 7.75
Enel Spa
ENEL IM
3,188,267
17,019,019 7.73
Enphase Energy Inc
ENPH US
44,186
14,165,590 6.44
Tesla Inc
TSLA US
65,686
12,789,064 5.81
Samsung Sdi Co Ltd
006400 KS
19,160
10,816,356 4.92
Vestas Wind Systems A/S
VWS DC
399,616
10,272,878 4.67
Nio Inc
NIO US
595,946
7,616,190 3.46
Byd Co Ltd
1211 HK
279,000
7,108,239 3.23
Orsted As
ORSTED DC
78,797
6,826,381 3.10
Top 10 Total (%) 55.06
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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
United States 36.33
China 14.26
Spain 8.96
Denmark 8.08
Italy 8.07
South Korea 5.72
Brazil 3.00
Canada 2.82
Sweden 2.51
New Zealand 1.75
Germany 1.57
Ireland 1.06
Portugal 1.05
United Kingdom 0.94
Thailand 0.93
Norway 0.63
Austria 0.55
Chile 0.48
France 0.39
Taiwan Region 0.32
Japan 0.32
Switzerland 0.28
Other/Cash -0.01

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

Sector % of Net Assets
Utilities 40.92
Information Technology 21.66
Consumer Discretionary 17.59
Industrials 15.71
Materials 1.53
Financials 0.39
n/a 2.20
Other/Cash -0.01

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