Key stats
About VanEck Green Metals ETF
Expense ratio
0.63%
Home page
Inception date
Nov 9, 2021
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.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Non-Energy Minerals
Process Industries
Stocks99.93%
Non-Energy Minerals73.73%
Process Industries10.42%
Distribution Services7.58%
Energy Minerals6.65%
Producer Manufacturing1.54%
Bonds, Cash & Other0.07%
Cash0.07%
Stock breakdown by region
North America45.85%
Europe26.74%
Asia19.26%
Oceania5.54%
Africa2.60%
Latin America0.00%
Middle East0.00%
Top 10 holdings
Dividends
Dividend payout history