Sign-up to Receive
Our Latest Insights

VEGI
VanEck Sustainable Future of Food UCITS ETF

Index Description

The MVIS® Global Future of Food ESG Index tracks the overall performance of the largest and most liquid companies offering products and services related to meat and dairy alternatives, organic foods, food flavors, or innovative agriculture technologies.

Index Key Points

Underlying Index
MVIS® Global Future of Food ESG Index (MVFOFTR)

The Index Composition:

The MVIS Global Future of Food ESG Index (MVFOFTR) tracks the performance of the largest and most liquid companies offering products and services related to meat and dairy alternatives, organic foods, food flavors, or innovative agriculture technologies. MVFOFTR covers at least 90% of the investable universe and adheres to ESG criteria.

Companies initially eligible for inclusion in Index:

  • Companies involved in food and agricultural technology, organic foods, or food companies that display high standards in food waste, food safety or environmental impact
  • This includes companies with at least 50% (25% forcurrent components) of their revenues from the following sub-themes:
    1. Plant-Based or Cultured Meat, Protein or Dairy alternatives;
    2. Vertical or Urban Farming - this includes agricultural companies that grow crops vertically, in greenhouses or specialize in localized farming;
    3. Precision Agriculture - this includes irrigation and smart water grid equipment, greenhouse equipment, or autonomous/robotic farming or agriculture-related equipment but excludes agricultural chemicals and plant seeds;
    4. Food Flavors and Functional Ingredients; or
    5. Organic or Health Foods - this includes packaged foods, or agricultural products but excludes meat, poultry, fish or vitamins.
  • In addition companies that meet certain ESG standards related to food and agriculture sustainability and safety are also included.
  • Companies with at least 50% of their revenues from sectors defined above
  • Market capitalization greater than $150 million
  • Three-month average daily turnover greater than $1 million
  • Minimum trading volume of 250,000 shares each month over last 6 months
  • Company weightings are capped at 8%.

 

Index provider:
MVIS

Index Information
 

  • Index Provider

    MarketVector Indexes
  • Index Type

    Total Return Net
  • Currency

    USD
  • Inception Date

    09 Sep 2021
  • Rebalance Frequency

    Quarterly
  • Bloomberg Ticker

    MVFOFTR
  • Reuters Ticker

    .MVFOFTR

Index Top 10 Constituents (%) as of 31 Aug 2022

Total Constituents: 35
Constituent Name
Ticker
Weightings (%)
Ingredion Inc
INGR US
7.74
Saputo Inc
SAP CN
5.63
Kerry Group Plc-A
KYG ID
5.12
Flowers Foods Inc
FLO US
4.93
Balchem Corp
BCPC US
4.93
Sprouts Farmers Market Inc
SFM US
4.66
Archer-Daniels-Midland Co
ADM US
4.54
Danone
BN FP
4.43
Aak Ab
AAK SS
4.27
Givaudan-Reg
GIVN SW
4.19
Top 10 Total (%) 50.44
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Index Country Weightings (%) as of 31 Aug 2022

  • Country

    Weightings (%)
  • United States

    58.0
  • Canada

    7.7
  • Ireland

    5.1
  • France

    4.4
  • Sweden

    4.3
  • Switzerland

    4.2
  • Japan

    4.0
  • Denmark

    3.6
  • China

    3.5
  • Netherlands

    3.1
  • Taiwan Region

    1.9

Index Sector Weightings (%) as of 31 Aug 2022

  • Sector

    Weightings (%)
  • Consumer Staples

    70.4
  • Materials

    25.8
  • Industrials

    2.5
  • Consumer Discretionary

    1.3