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Name

As of 11/07/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

VanEck Green Bond ETF

GRNB | ETF

$24.00

$92.8 M

4.15%

$1.00

0.20%

Vitals

YTD Return

3.9%

1 yr return

9.4%

3 Yr Avg Return

-0.7%

5 Yr Avg Return

0.8%

Net Assets

$92.8 M

Holdings in Top 10

9.1%

52 WEEK LOW AND HIGH

$23.9
$22.92
$24.56

Expenses

OPERATING FEES

Expense Ratio 0.20%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 25.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/07/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

VanEck Green Bond ETF

GRNB | ETF

$24.00

$92.8 M

4.15%

$1.00

0.20%

GRNB - Profile

Distributions

  • YTD Total Return 3.9%
  • 3 Yr Annualized Total Return -0.7%
  • 5 Yr Annualized Total Return 0.8%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.01%
DIVIDENDS
  • Dividend Yield 4.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    VanEck Green Bond ETF
  • Fund Family Name
    VANECKFUND
  • Inception Date
    Mar 02, 2017
  • Shares Outstanding
    3500000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Francis Rodilosso

Fund Description

The Fund normally invests at least 80% of its total assets in securities that comprise the Fund’s benchmark index. The Green Bond Index is comprised of bonds issued for qualified “green” purposes and seeks to measure the performance of U.S. dollar denominated “green”-labeled bonds issued globally. The Green Bond Index is sponsored by S&P Dow Jones Indices LLC, which is not affiliated with or sponsored by the Fund or the Adviser. “Green” bonds are bonds whose proceeds are used principally for climate change mitigation, climate adaptation or other environmentally beneficial projects, such as, but not limited to, the development of clean, sustainable or renewable energy sources, commercial and industrial energy efficiency, or conservation of natural resources. For a bond to be eligible for inclusion in the Green Bond Index, the issuer of the bond must indicate the bond’s “green” label and the rationale behind it, such as the intended use of proceeds. As an additional filter, the bond must be flagged as “green” by Climate Bonds Initiative (“CBI”), an international not-for-profit working to mobilize the bond market for climate
change solutions, to be eligible for inclusion in the Green Bond Index. The Green Bond Index is market value-weighted and includes supranational, corporate, government-related, sovereign and securitized “green” bonds issued throughout the world (including emerging market countries), and may include both investment grade and below investment grade securities (commonly referred to as high yield securities or “junk bonds”). “Securitized green bonds” are securities typically collateralized by a specified pool of assets, such as mortgages, automobile loans or other consumer receivables. All bonds must be rated by at least one credit rating agency, except that up to 10% of the Green Bond Index can be invested in unrated bonds that are issued or guaranteed by a government-sponsored enterprise. The maximum weight of below investment grade bonds (excluding any unrated bonds that are issued or guaranteed by a government-sponsored enterprise) in the Green Bond Index is capped at 20%. No more than 10% of the Green Bond Index can be invested in a single issuer. Qualifying securities must have a maturity of at least 12 months at the time of issuance and at least one month remaining until maturity at each rebalancing date.
As of June 30, 2024, the Green Bond Index consisted of 517 bonds issued by 292 issuers. As of the same date, approximately 18.16% of the Green Bond Index was comprised of Regulation S securities and 31.28% of the Green Bond Index was comprised of Rule 144A securities.
The S&P Green Bond Index is rebalanced monthly. The Fund’s 80% investment policy is non-fundamental and may be changed without shareholder approval upon 60 days’ prior written notice to shareholders.
The Fund, using a “passive” or indexing investment approach, attempts to approximate the investment performance of the Green Bond Index. Unlike many investment companies that try to “beat” the performance of a benchmark index, the Fund does not try to “beat” the Green Bond Index and does not take temporary defensive positions that are inconsistent with its investment objective of seeking to replicate the Green Bond Index. Because of the practical difficulties and expense of purchasing all of the securities in the Green Bond Index, the Fund does not purchase all of the securities in the Green Bond Index. Instead, the Adviser utilizes a “sampling” methodology in seeking to achieve the Fund’s objective. As such, the Fund may purchase a subset of the securities in the Green Bond Index in an effort to hold a portfolio of bonds with generally the same risk and return characteristics of the Green Bond Index.
The Fund may concentrate its investments in a particular industry or group of industries to the extent that the Green Bond Index concentrates in an industry or group of industries.As of April 30, 2024, each of the financials, utilities and government sectors represented a significant portion of the Fund.
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GRNB - Performance

Return Ranking - Trailing

Period GRNB Return Category Return Low Category Return High Rank in Category (%)
YTD 3.9% -59.5% 0.9% 13.59%
1 Yr 9.4% -15.5% 19.7% 30.77%
3 Yr -0.7%* -4.3% 4.2% 36.32%
5 Yr 0.8%* -2.5% 4.1% 34.57%
10 Yr N/A* -3.0% 2.7% N/A

* Annualized

Return Ranking - Calendar

Period GRNB Return Category Return Low Category Return High Rank in Category (%)
2023 3.7% -15.2% 0.9% 18.50%
2022 -14.1% -10.9% 12.2% 54.64%
2021 -4.2% -10.8% 14.8% 71.88%
2020 5.5% -15.3% 0.6% 61.27%
2019 3.5% -44.4% 14.4% N/A

Total Return Ranking - Trailing

Period GRNB Return Category Return Low Category Return High Rank in Category (%)
YTD 3.9% -59.5% 0.9% 33.98%
1 Yr 9.4% -16.6% 30.5% 27.01%
3 Yr -0.7%* -5.2% 10.9% 33.33%
5 Yr 0.8%* -2.8% 7.4% 32.99%
10 Yr N/A* -3.0% 3.6% N/A

* Annualized

Total Return Ranking - Calendar

Period GRNB Return Category Return Low Category Return High Rank in Category (%)
2023 7.1% -15.2% 0.9% 18.50%
2022 -11.9% -10.9% 12.2% 54.64%
2021 -2.4% -10.8% 14.8% 71.88%
2020 8.0% -15.3% 3.8% 74.57%
2019 5.4% -44.4% 14.4% N/A

GRNB - Holdings

Concentration Analysis

GRNB Category Low Category High GRNB % Rank
Net Assets 92.8 M 74.5 K 14.7 B 76.96%
Number of Holdings 389 4 4562 54.50%
Net Assets in Top 10 8.92 M -112 M 3.66 B 74.88%
Weighting of Top 10 9.09% 4.7% 100.0% 95.19%

Top 10 Holdings

  1. European Investment Bank 1.39%
  2. State Street Navigator Securities Lending Government Money Market Portfolio 1.18%
  3. Kreditanstalt fuer Wiederaufbau 1.00%
  4. Ford Motor Co 0.98%
  5. Gaci First Investment Co. 0.87%
  6. Industrial Commercial Bank of China Ltd/Singapore 0.82%
  7. European Investment Bank 0.75%
  8. JPMorgan Chase Co 0.73%
  9. Hong Kong Government International Bond 0.70%
  10. Verizon Communications Inc 0.66%

Asset Allocation

Weighting Return Low Return High GRNB % Rank
Bonds 		98.14% 0.00% 220.33% 16.11%
Convertible Bonds 		1.83% 0.00% 11.19% 39.34%
Cash 		1.37% -130.07% 95.62% 80.57%
Other 		0.37% -9.71% 100.00% 27.96%
Preferred Stocks 		0.12% 0.00% 2.87% 17.06%
Stocks 		0.00% 0.00% 7.47% 45.02%

Bond Sector Breakdown

Weighting Return Low Return High GRNB % Rank
Corporate 		62.96% 0.00% 98.62% 4.33%
Government 		28.53% 0.30% 99.47% 86.54%
Securitized 		6.48% 0.00% 52.02% 37.50%
Cash & Equivalents 		1.18% 0.00% 95.62% 96.15%
Municipal 		0.86% 0.00% 7.95% 3.37%
Derivative 		0.00% 0.00% 74.77% 62.50%

Bond Geographic Breakdown

Weighting Return Low Return High GRNB % Rank
US 		98.14% -5.52% 107.53% 26.07%
Non US 		0.00% 0.00% 112.80% 52.13%

GRNB - Expenses

Operational Fees

GRNB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.20% 0.02% 3.65% 97.61%
Management Fee 0.20% 0.00% 2.08% 2.44%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.45% N/A

Sales Fees

GRNB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.00% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

GRNB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

GRNB Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 25.00% 6.00% 354.00% 8.28%

GRNB - Distributions

Dividend Yield Analysis

GRNB Category Low Category High GRNB % Rank
Dividend Yield 4.15% 0.00% 17.40% 8.53%

Dividend Distribution Analysis

GRNB Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

GRNB Category Low Category High GRNB % Rank
Net Income Ratio 2.01% -1.08% 5.77% 34.31%

Capital Gain Distribution Analysis

GRNB Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

GRNB - Fund Manager Analysis

Managers

Francis Rodilosso

Start Date

Tenure

Tenure Rank

Mar 03, 2017

5.25

5.3%

Mr. Rodilosso joined VanEck in 2012. He serves as Head of Fixed Income ETF Portfolio Management and is responsible for portfolio strategy, credit, and market analysis. Prior to joining VanEck, Mr. Rodilosso served as Managing Director of Global Emerging Markets with The Seaport Group where he launched the firm’s emerging markets fixed income sales and trading business. Mr. Rodilosso’s earlier career experience includes portfolio management positions at Greylock Capital and Soundbrook Capital where he focused on corporate high-yield and distressed situations, with an emphasis on emerging markets. He also held senior fixed income trading positions at Credit Lyonnais and HSBC. Mr. Rodilosso is a CFA Charterholder and a member of the CFA Society New York. He received an MBA from the Wharton School of the University of Pennsylvania and a BA from Princeton University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 28.31 6.8 3.67

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