Sustainable Investing
FeaturedSustainable Investing: Align Returns with Higher Aspirations
Blog | January 13Green Bonds: Income with Impact
Blog | April 22Green Bonds: Five Years After Paris
Podcast | December 15Trends with Benefits #38: Economic Benefits of Forest Conservation with Laurie Wayburn
Explore AllRelated Funds
GRNBVanEck Green Bond ETF
Fund Description
VanEck Green Bond ETF (GRNB®) seeks to replicate, as closely as possible, before fees and expenses, the price and yield performance of the S&P Green Bond U.S. Dollar Select Index (SPGRUSST). The index is comprised of U.S. dollar-denominated green bonds that are issued to finance environmentally friendly projects, and includes bonds issued by supranational, government, and corporate issuers globally.
-
Fund Ticker
GRNB -
Exchange
NYSE Arca -
Inception Date
03/03/2017 -
ETF Structure
Physical -
Administrator
Van Eck Associates -
Custodian
State Street Bank and Trust Company -
Index Ticker
SPGRUSST -
Index Rebalancing
Monthly -
2021 Preliminary NAIC Designation7
2.B
as of 05/20/22
-
30-Day SEC Yield1
3.89% -
Total Net Assets
$83.9M -
Number of Holdings
322 -
Options
No -
Gross Expense Ratio2
0.20% -
Net Expense Ratio/TER2
0.20% -
Distribution Frequency
Monthly -
Next Distribution Date
05/31/2022
Key Points
- Access bonds issued to finance projects that have a positive impact on the environment
- A sustainable investment solution for a core bond portfolio
- Index includes only U.S. dollar-denominated bonds designated as “green” by the Climate Bonds Initiative
Yield
as of 05/20/22
-
30-Day SEC Yield1
3.89% -
Distribution Yield1
2.20% -
12-Month Yield1
2.30%
Fees and Expenses2
-
Management Fee
0.20% -
Other Expenses
-- -
Acquired Fund Fees and Expenses
-- -
Gross Expense Ratio
0.20% -
Fee Waivers and
--
Expense Reimbursement -
Net Expense Ratio/TER2
0.20%
2Van 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.
Trading Information
-
Fund Ticker
GRNB -
Index Total Return Ticker
SPGRUSST -
NAV
GRNBNV -
Intraday NAV (IIV)5
GRNBIV -
Shares Outstanding
3,500,000 -
Estimated Cash
GRNBEU -
Total Cash
GRNBTC -
CUSIP
92189F171 -
ISIN
US92189F1710
Fundamentals4 as of 05/20/22
-
Yield to Worst
4.18% -
Yield to Maturity
4.19% -
Effective Duration (yrs)
5.25 -
Years to Maturity
7.33 -
Modified Duration (yrs)
5.42 -
Coupon
2.67%
Investment Professionals
Fran Rodilosso
- Head of Fixed Income ETF Portfolio Management
- Responsible for portfolio strategies as well as credit and market analysis; specializes in international bond markets
- Joined VanEck in 2012
- Prior to VanEck, Managing Director of Global Emerging Markets with The Seaport Group; launched the firm’s emerging markets fixed income sales and trading business
- Previously, held portfolio management positions at Greylock Capital and Soundbrook Capital; focused on corporate high-yield and distressed bonds with an emphasis on emerging markets
- CFA charterholder; member of CFA Society New York
- MBA (with distinction), Finance, University of Pennsylvania
- AB, History, Princeton University
Daniel Cho
- Associate Portfolio Manager for Fixed Income ETFs
- Joined VanEck in 2013
- Prior to his current role, held a portfolio administration position for the firm’s alternative investment funds
- MS, Finance, University of Rochester
- BS, Information Sciences and Technology, Pennsylvania State University
Stephanie Wang
- Associate Portfolio Manager for Fixed Income ETFs
- Joined VanEck in 2016
- MS, Financial Engineering, Baruch College
- BBA, Finance, Baruch College
Jared Model
- Senior Trader, Portfolio Analyst for Fixed Income ETFs
- Joined VanEck in 2017
- Previously, Trader at Beck, Mack & Oliver LLC and monitored markets and executed equity and fixed income trades and Fixed Income Operations at Gleacher & Company Securities, Inc.
- MBA, Finance, Montclair State University
- BS, concentration in Accounting and Finance, minor in Computer Science, University of Vermont
Performance History: Average Annual Total Returns* (%)
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR |
LIFE 03/03/17 |
|
---|---|---|---|---|---|---|---|---|
GRNB (NAV) | -3.34 | -7.04 | -9.16 | -9.30 | -0.25 | 0.71 | -- | 1.24 |
GRNB (Share Price) | -3.56 | -7.50 | -9.71 | -10.01 | -0.45 | 0.53 | -- | 1.16 |
SPGRUSST (Index)** | -3.29 | -7.13 | -9.27 | -9.13 | 0.15 | 1.25 | -- | 1.77 |
Performance Differential (NAV - Index) | -0.05 | 0.09 | 0.11 | -0.17 | -0.40 | -0.54 | -- | -0.53 |
Bloomberg US Aggregate Bond Index | -3.79 | -7.51 | -9.50 | -8.51 | 0.38 | 1.20 | 1.73 | 1.43 |
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR |
LIFE 03/03/17 |
|
---|---|---|---|---|---|---|---|---|
GRNB (NAV) | -2.28 | -6.01 | -6.01 | -5.39 | 0.86 | 1.77 | -- | 1.94 |
GRNB (Share Price) | -2.67 | -6.38 | -6.38 | -5.93 | 0.80 | 1.74 | -- | 1.90 |
SPGRUSST (Index)** | -2.31 | -6.17 | -6.17 | -5.27 | 1.25 | 2.28 | -- | 2.47 |
Performance Differential (NAV - Index) | 0.03 | 0.16 | 0.16 | -0.12 | -0.39 | -0.51 | -- | -0.53 |
Bloomberg US Aggregate Bond Index | -2.78 | -5.93 | -5.93 | -4.15 | 1.69 | 2.14 | 2.24 | 2.23 |
Top 10 Holdings (%) as of 04/30/22 Daily Holdings
to view
full data
Holding Name |
Coupon
|
Maturity |
Country‡
|
Currency
|
% of Net Assets |
---|---|---|---|---|---|
Kreditanstalt Fuer Wiederaufbau |
1.750 |
09/14/2029 |
Germany |
USD |
1.50 |
Fannie Mae-Aces |
3.671 |
09/25/2028 |
United States |
USD |
1.25 |
Apple Inc |
3.000 |
06/20/2027 |
United States |
USD |
1.04 |
Ford Motor Co |
3.250 |
02/12/2032 |
United States |
USD |
1.03 |
Industrial & Commercial Bank Of China L |
1.665 |
09/16/2024 |
China |
USD |
0.84 |
Kreditanstalt Fuer Wiederaufbau |
0.750 |
09/30/2030 |
Germany |
USD |
0.83 |
European Investment Bank |
2.125 |
04/13/2026 |
Supra-National |
USD |
0.82 |
European Investment Bank |
2.875 |
06/13/2025 |
Supra-National |
USD |
0.79 |
Chile Government International Bond |
2.550 |
01/27/2032 |
Chile |
USD |
0.78 |
Citigroup Inc |
1.678 |
05/15/2024 |
United States |
USD |
0.78 |
Top 10 Total (%) | 9.67 |
These are not recommendations to buy or to sell any security. Securities and holdings may vary.
Country Weightings (%) as of 04/30/22
-
Country
% of Net Assets -
■
United States
37.41 -
■
China
11.57 -
■
Supra-National
7.77 -
■
South Korea
5.01 -
■
Netherlands
4.50 -
■
India
3.36 -
■
Germany
3.22 -
■
Chile
2.91 -
■
Japan
2.48 -
■
Brazil
2.20 -
■
Indonesia
2.13 -
■
United Kingdom
2.08 -
■
Singapore
1.86 -
■
Canada
1.83 -
■
Sweden
1.35 -
■
Spain
0.96 -
■
France
0.91 -
■
Luxembourg
0.86 -
■
Uae
0.83 -
■
Mauritius
0.72 -
■
Norway
0.69 -
■
Saudi Arabia
0.68 -
■
Australia
0.60 -
■
Israel
0.49 -
■
Virgin Islands
0.46 -
■
Egypt
0.37 -
■
Portugal
0.36 -
■
Bermuda
0.36 -
■
Mexico
0.34 -
■
Colombia
0.30 -
■
Georgia
0.23 -
■
Philippines
0.21 -
■
Qatar
0.20 -
■
Turkey
0.18 -
■
Pakistan
0.14 -
■
Argentina
0.10 -
■
Dominican Repb.
0.10 -
■
Other/Cash
0.23
Currency Exposure (%)
as of 04/30/22
-
U.S. Dollar
99.77 -
Other/Cash
0.23
Sector Weightings (%) as of 04/30/22
-
Sector
% of Net Assets -
■
Financials
40.7 -
■
Utilities
20.4 -
■
Real Estate
8.6 -
■
Government Activity
7.0 -
■
Industrials
3.6 -
■
Basic Materials
3.4 -
■
Technology
3.3 -
■
Consumer Cyclicals
2.3 -
■
Energy
1.4 -
■
Government
1.1 -
■
Healthcare
0.9 -
■
Consumer Non-Cyclicals
0.3 -
■
Academic & Educational Services
0.2 -
■
Other/Cash
6.6
Credit Quality (%)† as of 04/30/22
Composite | % of Net Assets | |
---|---|---|
Investment Grade | AAA | 14.77 |
AA | 8.08 | |
A | 25.26 | |
BBB | 29.43 | |
Non-Investment Grade | BB | 10.73 |
B | 2.47 | |
CCC | 0.13 | |
Total Investment Grade | -- | 77.54 |
Total Non-Investment Grade | -- | 13.33 |
Not Rated | -- | 1.62 |
Maturity (%) as of 04/30/22
Average Portfolio Maturity: 7.41 Years