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About VanEck Environmental Services ETF
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Inception date
Oct 10, 2006
Structure
Open-Ended Fund
Replication method
Physical
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Qualified dividends
Primary advisor
Van Eck Associates Corp.
Distributor
Van Eck Securities Corp.
EVX offers a small and highly concentrated portfolio of environmental services firms that differs from the market, especially regarding global coverage, as its portfolio is allocated heavily to US companies. EVX holds 30 waste management companies that it weights in 3 tiers. It allocates 10% of its portfolio to each of the 4 biggest companies by market cap, 2% to each of the 5 smallest, and splits the remaining 50% of its portfolio equally among the remaining issues. This causes the fund to tilt smaller than the market at large over 15% of its portfolio is in micro-caps, compared to 4% of our benchmark. The index is rebalanced and reconstituted on a quarterly basis.
Classification
What's in the fund
Exposure type
Industrial Services
Producer Manufacturing
Process Industries
Transportation
Stock breakdown by region
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