EINCVanEck Energy Income ETF
Fund Description
VanEck Energy Income ETF (EINCTM) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS® North America Energy Infrastructure Index (MVEINCTG), which is intended to track the overall performance of North American companies involved in the midstream energy segment, which includes MLPs, and corporations involved in oil and gas storage and transportation.
-
Fund Ticker
EINC -
Exchange
NYSE Arca -
Inception Date
03/12/2012 -
ETF Structure
Physical -
Administrator
Van Eck Associates -
Index Ticker
MVEINCTG -
Index Rebalancing
Quarterly
as of 03/24/23
-
30-Day SEC Yield1
4.47% -
Total Net Assets
$27.1M -
Number of Holdings
30 -
Options
Available -
Gross Expense Ratio2
0.48% -
Net Expense Ratio/TER2
0.48% -
Distribution Frequency
Quarterly -
Next Distribution Date
04/28/2023
Key Documents and Links
Fund Highlights
- High Income Potential
Historically, MLPs and energy infrastructure companies have exhibited attractive yield characteristics
- Tax Efficient
Avoids fund-level taxation and the complications of deferred tax liabilities associated with many MLP funds by limiting direct MLP exposure
- No K-1s
Access to energy infrastructure companies without burdensome K-1 tax reporting
Yield as of 03/24/23
-
30-Day SEC Yield1
4.47% -
Distribution Yield1
3.86% -
12-Month Yield1
3.51%
Fees and Expenses2
-
Management Fee
0.45% -
Other Expenses
0.03% -
Gross Expense Ratio
0.48% -
Fee Waivers and Expense Reimbursement
-- -
Net Expense Ratio/TER
0.48%
2 Van Eck Associates Corporation (the “Adviser”) will pay all expenses of the Fund, except for the fee payment under the investment management agreement, acquired fund fees and expenses, interest expense, offering costs, trading expenses, taxes and extraordinary expenses. Notwithstanding the foregoing, the Adviser has agreed to pay the offering costs until at least February 1, 2024.
Trading Information
-
Fund Ticker
EINC -
Index Total Return Ticker
MVEINCTG -
NAV
EINCNV -
Intraday NAV (IIV)4
EINCIV -
Shares Outstanding
464,720 -
Estimated Cash
EINCEU -
Total Cash
EINCTC -
CUSIP
92189H870 -
ISIN
US92189H8705
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 03/12/12** |
|
---|---|---|---|---|---|---|---|---|
EINC (NAV) | -3.90 | -5.75 | 0.28 | 5.36 | 14.83 | 4.64 | -6.46 | -5.83 |
EINC (Share Price) | -3.62 | -5.52 | 0.27 | 5.68 | 15.13 | 4.64 | -6.48 | -5.84 |
MVEINCTG** (Index) | -3.81 | -5.52 | 0.41 | 6.21 | 15.73 | 4.57 | -6.52 | -5.54 |
Performance Differential (NAV - Index) | -0.09 | -0.23 | -0.13 | -0.85 | -0.90 | 0.07 | 0.06 | -0.29 |
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR |
LIFE 03/12/12** |
|
---|---|---|---|---|---|---|---|---|
EINC (NAV) | -6.02 | 9.28 | 19.18 | 19.18 | 9.35 | 4.22 | -5.70 | -5.94 |
EINC (Share Price) | -5.77 | 9.30 | 19.12 | 19.12 | 9.60 | 4.29 | -5.74 | -5.95 |
MVEINCTG** (Index) | -5.90 | 9.48 | 20.14 | 20.14 | 10.16 | 4.05 | -5.54 | -5.65 |
Performance Differential (NAV - Index) | -0.12 | -0.20 | -0.96 | -0.96 | -0.81 | 0.17 | -0.16 | -0.29 |
Top 10 Holdings (%) as of 02/28/23
Daily HoldingsHolding Name |
Ticker
|
Shares
|
Market Value (US$) |
% of Net Assets |
---|---|---|---|---|
Enbridge Inc |
ENB US
|
59,230
|
2,222,310 | 7.78 |
Cheniere Energy Inc |
LNG US
|
13,810
|
2,172,865 | 7.61 |
Tc Energy Corp |
TRP US
|
47,853
|
1,905,028 | 6.67 |
Williams Cos Inc/The |
WMB US
|
55,915
|
1,683,042 | 5.89 |
Kinder Morgan Inc |
KMI US
|
96,675
|
1,649,276 | 5.78 |
Oneok Inc |
OKE US
|
25,038
|
1,638,737 | 5.74 |
Targa Resources Corp |
TRGP US
|
19,076
|
1,413,532 | 4.95 |
Enterprise Products Partners Lp |
EPD US
|
54,821
|
1,399,580 | 4.90 |
Pembina Pipeline Corp |
PBA US
|
42,359
|
1,391,070 | 4.87 |
Energy Transfer Lp |
ET US
|
109,825
|
1,390,385 | 4.87 |
Top 10 Total (%) | 59.07 |
Sector Weightings (%)
as of 02/28/23
Sector | % of Net Assets |
---|---|
● Energy | 99.93 |
● Other/Cash | 0.07 |
Currency Exposure (%) as of 02/28/23
U.S. Dollar | 93.02 |
Canadian Dollar | 6.91 |
Other/Cash | 0.07 |
Country Weightings (%)
as of 02/28/23
Country | % of Net Assets |
---|---|
● United States | 73.69 |
● Canada | 26.24 |
● Other/Cash | 0.07 |