Key stats
About VanEck Green Metals ETF
Home page
Inception date
Nov 9, 2021
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Van Eck Associates Corp.
Distributor
Van Eck Securities Corp.
Identifiers
3
ISIN US92189Y2046
GMET is the first ETF to capture the global green metals space. The fund specifically includes companies that mine, refine, or recycle green metalsthat is metals and rare earth elements enabling the transition to clean energy sources and technologies. Eligible firms must generate at least half of their revenues from green metals or have mining projects with the potential to derive at least half of their revenues from green metals when developed. The funds concentrated portfolio aims to cover 90% of the selection universes free-float market capitalizationhaving at least 25 companies selected and weighted by market-cap, with individual positions capped at 8% weight. Although GMET offers a sustainable tweak on its sibling fundREMX, it sticks to a plain vanilla strategy that focuses on firms business activities rather than ESG screens. The index reconstitutes and rebalances quarterly.
Related funds
Classification
What's in the fund
Exposure type
Non-Energy Minerals
Stock breakdown by region
Top 10 holdings
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
EMET assets under management is 36.38 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
EMET invests in stocks. See more details in our Analysis section.
EMET expense ratio is 0.61%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, EMET isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, EMET pays dividends to its holders with the dividend yield of 1.52%.
EMET shares are issued by Van Eck Associates Corp.
EMET follows the MVIS Global Clean-Tech Metals. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Nov 9, 2021.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.