RNEWVanEck Green Infrastructure ETF
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.
-
Fund Ticker
RNEW -
Exchange
NASDAQ -
Inception Date
10/18/2022 -
ETF Structure
Physical -
Administrator
Van Eck Associates -
Index Ticker
IUGIMWT -
Index Rebalancing
Semi-Annually
as of 03/27/23
-
30-Day SEC Yield1
1.20% -
Total Net Assets
$1.2M -
Number of Holdings
48 -
Options
Expected -
Gross Expense Ratio2
0.45% -
Net Expense Ratio/TER2
0.45% -
Distribution Frequency
Annual -
Next Distribution Date
12/15/2023
Green Infrastructure: Green Construction
Key Documents and Links
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
Trading Information
-
Fund Ticker
RNEW -
Index Total Return Ticker
IUGIMWT -
NAV
RNEWNV -
Intraday NAV (IIV)4
RNEWIV -
Shares Outstanding
50,000 -
Estimated Cash
RNEWEU -
Total Cash
RNEWTC -
CUSIP
92189H722 -
ISIN
US92189H7228
Fees and Expenses2
-
Management Fee
0.45% -
Other Expenses
-- -
Gross Expense Ratio
0.45% -
Fee Waivers and
--
Expense Reimbursement -
Net Expense Ratio/TER2
0.45%
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.
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
$0.04
/
+0.15%
Performance History: Average Annual Total Returns* (%)
| 1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR |
LIFE 10/18/22 |
|
|---|---|---|---|---|---|---|---|---|
| RNEW (NAV) | -3.83 | -7.32 | 6.67 | -- | -- | -- | -- | 2.07 |
| RNEW (Share Price) | -3.87 | -7.32 | 6.56 | -- | -- | -- | -- | 2.03 |
| IUGIMWT (Index) | -3.85 | -7.31 | 6.62 | -- | -- | -- | -- | 2.13 |
| Performance Differential (NAV - Index) | 0.02 | -0.01 | 0.05 | -- | -- | -- | -- | -0.06 |
| 1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR |
LIFE 10/18/22 |
|
|---|---|---|---|---|---|---|---|---|
| RNEW (NAV) | -13.12 | -- | -- | -- | -- | -- | -- | -4.32 |
| RNEW (Share Price) | -13.02 | -- | -- | -- | -- | -- | -- | -4.25 |
| IUGIMWT (Index) | -13.06 | -- | -- | -- | -- | -- | -- | -4.21 |
| Performance Differential (NAV - Index) | -0.06 | -- | -- | -- | -- | -- | -- | -0.11 |
Top 10 Holdings (%) as of 02/28/23
Daily Holdings| Holding Name |
Ticker
|
Shares
|
Market Value (US$) |
% of Net Assets |
|---|---|---|---|---|
| Tesla Inc |
TSLA US
|
393
|
80,844 | 6.23 |
| First Solar Inc |
FSLR US
|
447
|
75,606 | 5.82 |
| Quanta Services Inc |
PWR US
|
454
|
73,276 | 5.64 |
| Ecolab Inc |
ECL US
|
457
|
72,832 | 5.61 |
| Lucid Group Inc |
LCID US
|
7,862
|
71,780 | 5.53 |
| Cheniere Energy Inc |
LNG US
|
418
|
65,768 | 5.06 |
| Republic Services Inc |
RSG US
|
500
|
64,465 | 4.96 |
| Waste Management Inc |
WM US
|
411
|
61,551 | 4.74 |
| Borgwarner Inc |
BWA US
|
1,223
|
61,492 | 4.74 |
| Rivian Automotive Inc |
RIVN US
|
2,388
|
46,088 | 3.55 |
| Top 10 Total (%) | 51.88 | |||
Country Weightings (%)
as of 02/28/23
| Country | % of Net Assets |
|---|---|
| ● United States | 99.95 |
| ● Other/Cash | 0.05 |
Sector Weightings (%)
as of 02/28/23
| Sector | % of Net Assets |
|---|---|
| ● Industrials | 38.40 |
| ● Consumer Discretionary | 20.04 |
| ● Utilities | 14.54 |
| ● Energy | 11.08 |
| ● Information Technology | 10.29 |
| ● Materials | 5.61 |
| ● Other/Cash | 0.05 |