GMETVanEck Green Metals ETF
Fund Description
VanEck Green Metals ETF (GMET) seeks to track as closely as possible, before fees and expenses, the price and yield performance of the MVIS® Global Clean-Tech Metals Index (MVGMETTR), which is intended to track the performance of companies involved in the production, refining, processing and recycling of green metals. Green metals are metals used in the applications, products and processes that enable the energy transition from fossil fuels to cleaner energy sources and technologies.
-
Fund Ticker
GMET -
Exchange
NYSE Arca -
Inception Date
11/09/2021 -
ETF Structure
Physical -
Administrator
Van Eck Associates -
Index Ticker
MVGMETTR -
Index Rebalancing
Quarterly
as of 02/03/23
-
30-Day SEC Yield1
2.02% -
Total Net Assets
$27.3M -
Number of Holdings
51 -
Options
Available -
Gross Expense Ratio2
0.59% -
Net Expense Ratio/TER2
0.59% -
Distribution Frequency
Annual -
Next Distribution Date
12/15/2023
Drill Down Into GMET's Metals Exposure
Key Documents and Links
Fund Highlights
- Metals Critical to Energy Transition
A transition to a low carbon economy cannot happen without green metals such as cobalt, copper, lithium, rare earths and zinc
- Comprehensive Global Exposure
Portfolio captures companies involved in the production of green metals globally, including China A-shares
- Demand Outstripping Supply
The demand for green metals is expected to continue increasing and future production of key minerals may not be sufficient
Trading Information
-
Fund Ticker
GMET -
Index Total Return Ticker
MVGMETTR -
NAV
GMETNV -
Intraday NAV (IIV)4
GMETIV -
Shares Outstanding
850,000 -
Estimated Cash
GMETEU -
Total Cash
GMETTC -
CUSIP
92189Y204 -
ISIN
US92189Y2046
Fees and Expenses2
-
Management Fee
0.59% -
Other Expenses
-- -
Gross Expense Ratio
0.59% -
Fee Waivers and
--
Expense Reimbursement -
Net Expense Ratio/TER2
0.59%
Notwithstanding the foregoing, the Adviser has agreed to pay the offering costs until at least May 1, 2023.
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
Performance History: Average Annual Total Returns* (%)
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR |
LIFE 11/09/21 |
|
---|---|---|---|---|---|---|---|---|
GMET (NAV) | 15.91 | 25.42 | 15.91 | -0.19 | -- | -- | -- | -2.61 |
GMET (Share Price) | 16.22 | 26.22 | 16.22 | 0.31 | -- | -- | -- | -2.15 |
MVGMETTR (Index) | 15.18 | 24.99 | 15.18 | 1.03 | -- | -- | -- | -2.60 |
Performance Differential (NAV - Index) | 0.73 | 0.43 | 0.73 | -1.22 | -- | -- | -- | -0.01 |
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR |
LIFE 11/09/21 |
|
---|---|---|---|---|---|---|---|---|
GMET (NAV) | -7.42 | 10.55 | -16.99 | -16.99 | -- | -- | -- | -14.58 |
GMET (Share Price) | -8.09 | 10.65 | -17.14 | -17.14 | -- | -- | -- | -14.36 |
MVGMETTR (Index) | -6.45 | 10.24 | -16.24 | -16.24 | -- | -- | -- | -14.11 |
Performance Differential (NAV - Index) | -0.97 | 0.31 | -0.75 | -0.75 | -- | -- | -- | -0.47 |
Top 10 Holdings (%) as of 01/31/23
Daily HoldingsHolding Name |
Ticker
|
Shares
|
Market Value (US$) |
% of Net Assets |
---|---|---|---|---|
Anglo American Plc |
AAL LN
|
48,345
|
2,082,178 | 7.95 |
Glencore Plc |
GLEN LN
|
292,593
|
1,956,679 | 7.47 |
Freeport-Mcmoran Inc |
FCX US
|
43,757
|
1,952,437 | 7.46 |
Albemarle Corp |
ALB US
|
6,080
|
1,711,216 | 6.54 |
Teck Resources Ltd |
TECK US
|
31,065
|
1,345,115 | 5.14 |
Tianqi Lithium Corp |
002466 C2
|
81,200
|
1,163,191 | 4.44 |
Ganfeng Lithium Group Co Ltd |
002460 C2
|
97,020
|
1,140,982 | 4.36 |
Grupo Mexico Sab De Cv |
GMEXICOB MF
|
228,300
|
1,016,906 | 3.88 |
Zhejiang Huayou Cobalt Co Ltd |
603799 C1
|
90,230
|
882,946 | 3.37 |
First Quantum Minerals Ltd |
FM CN
|
31,471
|
728,077 | 2.78 |
Top 10 Total (%) | 53.39 |
Country Weightings (%)
as of 01/31/23
Country | % of Net Assets |
---|---|
● China | 27.30 |
● Australia | 16.56 |
● United States | 15.93 |
● South Africa | 13.41 |
● Canada | 7.30 |
● Mexico | 5.67 |
● Japan | 3.06 |
● Zambia | 2.78 |
● Sweden | 2.47 |
● Liechtenstein | 2.31 |
● Chile | 1.24 |
● Poland | 1.06 |
● Germany | 0.93 |
● Other/Cash | -0.03 |
Sector Weightings (%)
as of 01/31/23
Sector | % of Net Assets |
---|---|
● Materials | 99.15 |
● Industrials | 0.88 |
● Other/Cash | -0.03 |