SMOGVanEck 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 03/23/23
-
30-Day SEC Yield1
1.10% -
Total Net Assets
$200.6M -
Number of Holdings
72 -
Options
Available -
Gross Expense Ratio2
0.55% -
Net Expense Ratio/TER2
0.55% -
Distribution Frequency
Annual -
Next Distribution Date
12/15/2023
Key Documents and Links
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
1,733,298 -
Estimated Cash
SMOGEU -
Total Cash
SMOGTC -
CUSIP
92189F502 -
ISIN
US92189F5026
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%
2 Expenses 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
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
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
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) | -4.44 | -4.30 | 4.92 | -17.46 | 16.78 | 14.35 | 13.10 | 0.76 |
SMOG (Share Price) | -4.13 | -4.43 | 4.99 | -17.31 | 16.50 | 14.21 | 13.14 | 0.75 |
MVSMOGTR (Index)** | -4.04 | -3.49 | 4.93 | -17.34 | 17.42 | 14.92 | 13.40 | 0.71 |
Performance Differential (NAV - Index) | -0.40 | -0.81 | -0.01 | -0.12 | -0.64 | -0.57 | -0.30 | 0.05 |
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR |
LIFE 05/03/07 |
|
---|---|---|---|---|---|---|---|---|
SMOG (NAV) | -8.79 | -0.75 | -29.52 | -29.52 | 14.33 | 13.31 | 13.67 | 0.46 |
SMOG (Share Price) | -8.98 | -0.95 | -29.89 | -29.89 | 14.18 | 13.18 | 13.69 | 0.45 |
MVSMOGTR (Index)** | -8.02 | -1.03 | -29.57 | -29.57 | 14.93 | 13.93 | 13.98 | 0.41 |
Performance Differential (NAV - Index) | -0.77 | 0.28 | 0.05 | 0.05 | -0.60 | -0.62 | -0.31 | 0.05 |
Top 10 Holdings (%) as of 02/28/23
Daily HoldingsHolding Name |
Ticker
|
Shares
|
Market Value (US$) |
% of Net Assets |
---|---|---|---|---|
Tesla Inc |
TSLA US
|
96,943
|
19,942,145 | 9.87 |
Iberdrola Sa |
IBE SM
|
1,287,110
|
14,793,751 | 7.32 |
Enel Spa |
ENEL IM
|
2,498,334
|
14,051,665 | 6.95 |
Nextera Energy Inc |
NEE US
|
197,818
|
14,051,013 | 6.95 |
Vestas Wind Systems A/S |
VWS DC
|
381,502
|
10,915,687 | 5.40 |
Samsung Sdi Co Ltd |
006400 KS
|
18,344
|
9,637,497 | 4.77 |
Enphase Energy Inc |
ENPH US
|
39,911
|
8,402,463 | 4.16 |
Byd Co Ltd |
1211 HK
|
288,000
|
7,742,561 | 3.83 |
Orsted As |
ORSTED DC
|
75,225
|
6,565,588 | 3.25 |
Solaredge Technologies Inc |
SEDG US
|
20,004
|
6,359,672 | 3.15 |
Top 10 Total (%) | 55.66 |
Country Weightings (%)
as of 02/28/23
Country | % of Net Assets |
---|---|
● United States | 37.36 |
● China | 14.57 |
● Denmark | 8.99 |
● Spain | 8.60 |
● Italy | 7.27 |
● South Korea | 5.40 |
● Sweden | 2.95 |
● Canada | 2.71 |
● Brazil | 2.40 |
● New Zealand | 1.96 |
● Ireland | 1.35 |
● Portugal | 0.97 |
● United Kingdom | 0.85 |
● Germany | 0.81 |
● Thailand | 0.78 |
● Norway | 0.61 |
● Austria | 0.55 |
● Chile | 0.47 |
● Japan | 0.39 |
● France | 0.38 |
● Taiwan Region | 0.33 |
● Switzerland | 0.32 |
● Other/Cash | -0.01 |
Sector Weightings (%)
as of 02/28/23
Sector | % of Net Assets |
---|---|
● Utilities | 38.01 |
● Consumer Discretionary | 23.85 |
● Information Technology | 19.60 |
● Industrials | 16.64 |
● Materials | 1.48 |
● Financials | 0.42 |
● Other/Cash | -0.01 |