SMOG
VanEck Low Carbon Energy ETF
SMOG
VanEck Low Carbon Energy ETF
-
NAV
$120.17
as of June 08, 2023 -
YTD RETURNS
8.15%
as of June 08, 2023 -
Total Net Assets
$202.28M
as of June 08, 2023 -
Gross Expense Ratio
0.61% -
Net Expense Ratio
0.61% -
Inception Date
05/03/2007
Van Eck Associates Corporation (the "Adviser") has agreed to waive fees and/or pay Fund expenses to the extent necessary to prevent the operating expenses of the Fund (excluding acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses) from exceeding 0.62% of the Fund's average daily net assets per year until at least May 1, 2024. During such time, the expense limitation is expected to continue until the Fund's Board of Trustees acts to discontinue all or a portion of such expense limitation.
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.
Overview
Fund Highlights
- 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