RNEW
VanEck Green Infrastructure ETF
RNEW
VanEck Green Infrastructure ETF
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NAV$23.96
as of September 28, 2023 -
YTD RETURNS-1.57%
as of September 28, 2023 -
Total Net Assets$1.80M
as of September 28, 2023 -
Total Expense Ratio0.45%
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Inception Date10/18/2022
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