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About VanEck Green Metals ETF
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Inception date
Nov 9, 2021
Structure
Open-Ended Fund
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.
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
What's in the fund
Exposure type
Non-Energy Minerals
Process Industries
Stock breakdown by region
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