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SMOG
VanEck Low Carbon Energy ETF

Fund Description

VanEck Low Carbon Energy ETF (SMOG) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS Global Low Carbon Energy Index (MVSMOGTR). The index is a rules based index intended to track the overall performance of renewable energy companies which may include, but is not limited to: wind, solar, hydro, hydrogen, bio-fuel or geothermal technology, lithium-ion batteries, electric vehicles and related equipment, waste-to-energy production, smart grid technologies, or building or industrial materials that reduce carbon emissions or energy consumption.

 
 

  • Fund Ticker

    SMOG
  • Exchange

    NYSE Arca
  • Inception Date

    05/03/2007
  • ETF Structure

    Physical
  • Administrator

    Van Eck Associates
  • Index Ticker

    MVSMOGTR
  • Index Rebalancing

    Quarterly

 
as of 07/01/22

  • 30-Day SEC Yield1

    0.91%
  • Total Net Assets

    $231.7M
  • Number of Holdings

    71
  • Options

    Available
  • Gross Expense Ratio2

    0.55%
  • Net Expense Ratio/TER2

    0.55%
  • Distribution Frequency

    Annual
  • Next Distribution Date

    12/16/2022

Key Points

  • Dynamic industry driven by growing demand for clean and renewable energy sources

  • Comprehensive exposure to the broad range of technologies and investment opportunities in the low carbon energy ecosystem

  • Pure-play exposure based on revenue qualifications

Trading Information

  • Fund Ticker

    SMOG
  • Index Total Return Ticker

    MVSMOGTR
  • NAV

    SMOGNV
  • Intraday NAV (IIV)4

    SMOGIV
  • Shares Outstanding

    1,833,298
  • Estimated Cash

    SMOGEU
  • Total Cash

    SMOGTC
  • CUSIP

    92189F502
  • ISIN

    US92189F5026
Source: Bloomberg

Fees and Expenses2

  • Management Fee

    0.50%
  • Other Expenses

    0.05%
  • Gross Expense Ratio

    0.55%
  • Fee Waivers and
    Expense Reimbursement

    --
  • Net Expense Ratio/TER2

    0.55%

2Expenses for SMOG are capped contractually at 0.62% until May 1, 2023. Cap excludes acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses.

Investment Professionals

  • 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
  • Portfolio Manager and Analyst for Equity ETFs
  • Joined VanEck in 2007
  • Prior to his current role, held a portfolio administration position at VanEck
  • Previously, Portfolio Analyst at Evaluation Associates
  • BS, Business Administration (concentration in Financial Analysis), State University of New York at Buffalo
  • Analyst for Equity ETFs
  • Joined VanEck in 2018
  • Prior to joining VanEck, ETF Basket Operations Analyst at JPMorgan
  • BS, Finance, Providence College
  • Analyst for Equity ETFs
  • Joined VanEck in 2019
  • Prior to VanEck, Intermediate Representative, Exchange Traded Funds at BNY Mellon.
  • BS, Accounting, Hunter College

Prices as of 07/01/22

NAV/
Market
Price
Volume
30-Day Avg./
Last Trading Day
Daily Change
NAV/
Last Price
YTD Change NAV/
Last Price
Premium/
Discount
30-Day
Median
Bid Ask
Spread
NAV
Chart
SMOG $126.37
$126.24
4,049
3,237
$1.28 / +1.02%
$1.37 / +1.10%
-20.87%
-21.19%
$-0.13
-0.10%
0.59%

Premium/Discount History as of 07/01/22

Calendar Year 2021 3Q 2021 4Q 2021 1Q 2022 2Q 2022 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 142 32 34 16 11
SMOG Days closed at NAV 3 1 2 1 0
Days closed at a discount 107 31 28 45 51

Performance History: Average Annual Total Returns* (%)

  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
05/03/07
SMOG (NAV) 2.08 -9.31 -18.76 -13.14 30.20 17.76 16.99 1.43
SMOG (Share Price) 1.86 -9.28 -19.25 -13.42 29.99 17.78 17.04 1.41
MVSMOGTR (Index)** 1.42 -9.27 -18.88 -12.85 30.97 18.45 17.06 1.37
Performance Differential (NAV - Index) 0.66 -0.04 0.12 -0.29 -0.77 -0.69 -0.07 0.06
  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
05/03/07
SMOG (NAV) 1.44 -9.12 -9.12 -7.06 32.81 21.96 16.03 2.21
SMOG (Share Price) 1.80 -9.39 -9.39 -7.23 32.87 21.90 16.05 2.21
MVSMOGTR (Index)** 1.79 -8.99 -8.99 -6.15 33.87 22.80 16.12 2.17
Performance Differential (NAV - Index) -0.35 -0.13 -0.13 -0.91 -1.06 -0.84 -0.09 0.04

Top 10 Holdings (%) as of 05/31/22 Daily Holdings

Total Holdings: 70
Swipe
to view
full data
Holding Name
Ticker
Shares
Market Value
(US$)
% of Net
Assets
Iberdrola Sa
IBE SM
1,780,151
21,046,942 8.85
Nextera Energy Inc
NEE US
248,228
18,788,377 7.90
Tesla Inc
TSLA US
23,211
17,599,973 7.40
Enel Spa
ENEL IM
2,682,460
17,390,942 7.31
Nio Inc
NIO US
612,200
10,646,158 4.48
Vestas Wind Systems A/S
VWS DC
415,346
10,585,800 4.45
Byd Co Ltd
1211 HK
290,000
10,309,152 4.33
Samsung Sdi Co Ltd
006400 KS
21,435
9,912,401 4.17
Orsted As
ORSTED DC
81,899
9,210,718 3.87
Enphase Energy Inc
ENPH US
45,808
8,528,992 3.59
Top 10 Total (%) 56.34
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 05/31/22

  • Country

    % of Net Assets
  • United States

    33.48
  • China

    17.19
  • Spain

    10.05
  • Denmark

    8.70
  • Italy

    7.66
  • South Korea

    4.78
  • Canada

    3.62
  • Sweden

    2.26
  • New Zealand

    1.74
  • Ireland

    1.57
  • Germany

    1.50
  • Brazil

    1.49
  • United Kingdom

    1.21
  • Portugal

    1.07
  • Thailand

    0.85
  • Norway

    0.59
  • Austria

    0.58
  • Chile

    0.39
  • France

    0.38
  • Japan

    0.35
  • Taiwan Region

    0.32
  • Switzerland

    0.23
  • Other/Cash

    -0.01

Sector Weightings (%) as of 05/31/22

  • Sector

    % of Net Assets
  • Utilities

    41.2
  • Consumer Discretionary

    24.1
  • Industrials

    16.1
  • Information Technology

    14.6
  • Materials

    1.3
  • Financials

    0.5
  • Energy

    0.3
  • n/a

    2.0
  • Other/Cash

    0.0