RNEW
VanEck Green Infrastructure ETF
RNEW
VanEck Green Infrastructure ETF
-
NAV
$25.21
as of June 06, 2023 -
YTD RETURNS
3.57%
as of June 06, 2023 -
Total Net Assets
$1.26M
as of June 06, 2023 -
Total Expense Ratio
0.45% -
Inception Date
10/18/2022
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. “Other Expenses” have been restated to reflect current fees.
Fund Description
VanEck Green Infrastructure ETF seeks to track as closely as possible, before fees and expenses, the price and yield performance of the Indxx US Green Infrastructure-MCAP Weighted Index (IUGIMWT), which is intended to track the performance of those companies that are involved in the production, transmission, or distribution of green energy and/or are engaged in business activities that seek to establish a sustainable infrastructure to facilitate the holistic use of green energy and positively impact the environment.
Overview
Key Points
- Exposure to U.S. companies with revenues primarily generated from sustainable infrastructure businesses
- Diversified across seven sub-themes focused on environmental waste, building, energy and transportation
- Company and sub-theme caps create a diversified portfolio across a new, more sustainable ecosystem
Green Infrastructure and Equipment