Key stats
About Range Global Coal Index ETF
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Inception date
Jan 23, 2024
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
Exchange Traded Concepts LLC
Distributor
SEI Investments Distribution Co.
ISIN
US3015054675
COAL seeks to mirror the performance of an index comprised primarily of companies within the metallurgical and thermal coal industry, encompassing those involved in coal production and logistics. Eligible enterprises are classified based on their coal-related revenue, categorized into pure play, pre-revenue, and diversified organizations. The fund utilizes a market cap-weighted approach with limits for individual securities within each category to manage risk and ensure portfolio diversification. COAL may also include MLPs, capped at 25%. The fund holds securities of coal corporations globally, excluding China and Russia, and follows specific composition and market-cap requirements. Reconstitution and rebalancing of the Index happen semi-annually. COAL can also allocate a portion of its assets to investments outside of the Index if deemed beneficial for tracking the Indexs performance.
Related funds
Classification
What's in the fund
Exposure type
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.
COAL assets under management is 21.70 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.
COAL invests in stocks. See more details in our Analysis section.
COAL expense ratio is 0.85%. 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, COAL 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, COAL pays dividends to its holders with the dividend yield of 1.83%.
COAL shares are issued by Cottonwood ETF Holdings LLC
COAL follows the Range Global Coal Index - Benchmark TR Net. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jan 23, 2024.
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.