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VanEck Low Carbon Energy ETF
ETF
SMOG
Payout Change
Pending
Price as of:
$100.6201
+0.46
+0.46%
primary theme
Sector Diversified Equity
SMOG (ETF)
VanEck Low Carbon Energy ETF
Payout Change
Pending
Price as of:
$100.6201
+0.46
+0.46%
primary theme
Sector Diversified Equity
SMOG (ETF)
VanEck Low Carbon Energy ETF
Payout Change
Pending
Price as of:
$100.6201
+0.46
+0.46%
primary theme
Sector Diversified Equity
Name
As of 11/22/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
-9.1%
1 yr return
-0.9%
3 Yr Avg Return
-15.7%
5 Yr Avg Return
8.5%
Net Assets
$133 M
Holdings in Top 10
57.7%
52 WEEK LOW AND HIGH
$100.2
$91.14
$113.15
Expenses
OPERATING FEES
Expense Ratio 0.61%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 77.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 11/22/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
SMOG - Profile
Distributions
- YTD Total Return -9.1%
- 3 Yr Annualized Total Return -15.7%
- 5 Yr Annualized Total Return 8.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.49%
- Dividend Yield 1.7%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameVanEck Low Carbon Energy ETF
-
Fund Family NameVANECKFUND
-
Inception DateMay 09, 2007
-
Shares Outstanding1833298
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerPeter Liao
Fund Description
The Fund normally invests at least 80% of its total assets in stocks of low carbon energy companies. Such companies may include small- and medium-capitalization companies and foreign issuers. “Low carbon energy companies” refers to companies primarily engaged in renewable energy, including renewable energy production, alternative fuels, electric vehicles, and related technologies and building materials (such as advanced batteries). Renewable energy refers to the generation of power through environmentally friendly sources that can replace or supplement traditional fossil-fuel sources and that may reduce the global carbon footprint. It
includes power derived principally from bio-fuels (such as ethanol), wind, solar, hydro, hydrogen, and geothermal sources and also includes lithium-ion batteries, fuel cells, and the various technologies that support the production, use and storage of these sources. As of December 31, 2023, the Low Carbon Energy Index included 67 securities of companies with a market capitalization range of between approximately $1.1 billion and $789.9 billion and a weighted average market capitalization of $92.8 billion. These amounts are subject to change. The Fund’s 80% investment policy is non-fundamental and may be changed without shareholder approval upon 60 days’ prior written notice to shareholders.
The Fund, using a “passive” or indexing investment approach, attempts to approximate the investment performance of the Low Carbon Energy Index by investing in a portfolio of securities that generally replicates the Low Carbon Energy Index. Unlike many investment companies that try to “beat” the performance of a benchmark index, the Fund does not try to “beat” the Low Carbon Energy Index and does not seek temporary defensive positions that are inconsistent with its investment objective of seeking to replicate the Low Carbon Energy Index. The Fund normally invests at least 80% of its total assets in securities that comprise the Low Carbon Energy Index.
The Fund is classified as a non-diversified fund under the Investment Company Act of 1940, as amended (the “Investment Company Act of 1940”), and, therefore, may invest a greater percentage of its assets in a particular issuer. The Fund may concentrate its investments in a particular industry or group of industries to the extent that the Low Carbon Energy Index concentrates in an industry or group of industries. As of December 31, 2023, each of the consumer discretionary, industrials, information technology and utilities sectors represented a significant portion of the Fund.
SMOG - Performance
Return Ranking - Trailing
| Period | SMOG Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -9.1% | -36.5% | 105.4% | 73.53% |
| 1 Yr | -0.9% | -34.1% | 111.6% | 70.59% |
| 3 Yr | -15.7%* | -46.2% | 23.5% | 67.65% |
| 5 Yr | 8.5%* | -25.4% | 29.8% | 40.63% |
| 10 Yr | 6.3%* | -1.3% | 17.7% | 41.18% |
* Annualized
Return Ranking - Calendar
| Period | SMOG Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -0.2% | -34.8% | 38.7% | 55.88% |
| 2022 | -30.8% | -72.7% | 8.2% | 64.71% |
| 2021 | -3.2% | -31.7% | 27.4% | 57.58% |
| 2020 | 118.3% | -29.0% | 233.6% | 21.88% |
| 2019 | 38.9% | -2.0% | 66.0% | 29.63% |
Total Return Ranking - Trailing
| Period | SMOG Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -9.1% | -36.5% | 105.4% | 73.53% |
| 1 Yr | -0.9% | -34.1% | 111.6% | 70.59% |
| 3 Yr | -15.7%* | -46.2% | 23.5% | 67.65% |
| 5 Yr | 8.5%* | -25.4% | 29.8% | 40.63% |
| 10 Yr | 6.3%* | -1.3% | 17.7% | 41.18% |
* Annualized
Total Return Ranking - Calendar
| Period | SMOG Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 1.4% | -33.0% | 39.0% | 52.94% |
| 2022 | -29.9% | -72.7% | 8.2% | 64.71% |
| 2021 | -2.7% | -31.7% | 28.3% | 57.58% |
| 2020 | 118.4% | -28.9% | 233.9% | 21.88% |
| 2019 | 38.9% | 0.4% | 66.5% | 33.33% |
SMOG - Holdings
Concentration Analysis
| SMOG | Category Low | Category High | SMOG % Rank | |
|---|---|---|---|---|
| Net Assets | 133 M | 3.78 M | 31.2 B | 76.47% |
| Number of Holdings | 62 | 20 | 389 | 38.24% |
| Net Assets in Top 10 | 87.2 M | 2.31 M | 5.86 B | 76.47% |
| Weighting of Top 10 | 57.66% | 11.2% | 90.3% | 47.06% |
Top 10 Holdings
- Tesla Inc 8.55%
- NextEra Energy Inc 7.55%
- Iberdrola SA 6.87%
- BYD Co Ltd 6.48%
- Enel SpA 6.24%
- State Street Navigator Securities Lending Government Money Market Portfolio 5.17%
- Vestas Wind Systems A/S 4.61%
- First Solar Inc 4.57%
- Li Auto Inc 3.88%
- Samsung SDI Co Ltd 3.73%
Asset Allocation
| Weighting | Return Low | Return High | SMOG % Rank | |
|---|---|---|---|---|
| Stocks | 100.09% | 0.00% | 101.10% | 11.76% |
| Cash | 5.17% | 0.00% | 82.22% | 55.88% |
| Preferred Stocks | 0.00% | 0.00% | 45.68% | 61.76% |
| Other | 0.00% | -0.16% | 91.95% | 73.53% |
| Convertible Bonds | 0.00% | 0.00% | 3.05% | 63.64% |
| Bonds | 0.00% | 0.00% | 97.85% | 58.82% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | SMOG % Rank | |
|---|---|---|---|---|
| Utilities | 40.05% | 0.00% | 85.14% | 12.00% |
| Consumer Cyclical | 25.82% | 0.00% | 34.19% | 12.00% |
| Industrials | 17.36% | 0.00% | 90.47% | 32.00% |
| Technology | 14.68% | 0.00% | 72.56% | 64.00% |
| Basic Materials | 1.32% | 0.00% | 17.92% | 44.00% |
| Real Estate | 0.46% | 0.00% | 16.54% | 40.00% |
| Energy | 0.30% | 0.00% | 32.10% | 36.00% |
| Healthcare | 0.00% | 0.00% | 65.82% | 68.00% |
| Financial Services | 0.00% | 0.00% | 95.51% | 72.00% |
| Communication Services | 0.00% | 0.00% | 16.38% | 64.00% |
| Consumer Defense | 0.00% | 0.00% | 50.44% | 60.00% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | SMOG % Rank | |
|---|---|---|---|---|
| Non US | 52.21% | 0.00% | 83.75% | 11.76% |
| US | 47.88% | 0.00% | 101.10% | 50.00% |
SMOG - Expenses
Operational Fees
| SMOG Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.61% | 0.41% | 5.61% | 76.47% |
| Management Fee | 0.50% | 0.25% | 1.90% | 32.35% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.03% | 0.19% | N/A |
Sales Fees
| SMOG Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 4.25% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
| SMOG Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 2.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| SMOG Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 77.00% | 0.00% | 124.00% | 90.91% |
SMOG - Distributions
Dividend Yield Analysis
| SMOG | Category Low | Category High | SMOG % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.74% | 0.00% | 12.45% | 29.41% |
Dividend Distribution Analysis
| SMOG | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annually | Quarterly | Annual |
Net Income Ratio Analysis
| SMOG | Category Low | Category High | SMOG % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.49% | -2.66% | 5.19% | 38.24% |
Capital Gain Distribution Analysis
| SMOG | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 18, 2023 | $1.753 | OrdinaryDividend |
| Dec 19, 2022 | $1.458 | OrdinaryDividend |
| Dec 20, 2021 | $0.712 | OrdinaryDividend |
| Dec 21, 2020 | $0.092 | OrdinaryDividend |
| Dec 20, 2018 | $0.337 | OrdinaryDividend |
| Dec 18, 2017 | $0.767 | OrdinaryDividend |
| Dec 19, 2016 | $1.071 | OrdinaryDividend |
| Dec 21, 2015 | $0.309 | OrdinaryDividend |
| Dec 22, 2014 | $0.113 | OrdinaryDividend |
| Dec 23, 2013 | $0.554 | OrdinaryDividend |
| Dec 24, 2012 | $0.621 | OrdinaryDividend |
| Dec 23, 2011 | $1.044 | OrdinaryDividend |
| Dec 23, 2010 | $0.570 | OrdinaryDividend |
| Dec 23, 2009 | $0.036 | OrdinaryDividend |
| Dec 26, 2008 | $0.420 | OrdinaryDividend |
SMOG - Fund Manager Analysis
Managers
Peter Liao
Start Date
Tenure
Tenure Rank
May 03, 2007
15.09
15.1%
Mr. Liao has been employed by Van Eck Associates Corporation as an analyst since the summer of 2004 and has been a portfolio manager since 2006. Mr. Liao graduated from New York University in 2004 with a Bachelor of Arts in Economics and Mathematics. He is a CFA charterholder.
Guo Hua (Jason) Jin
Start Date
Tenure
Tenure Rank
Mar 12, 2018
4.22
4.2%
Guo Hua (Jason) Jin has been employed by Van Eck Associates Corporation as an analyst since January 2007 and has been a portfolio manager since 2018. Mr. Jin graduated from the State University of New York at Buffalo in 2004 with a Bachelor of Science degree in Business Administration with a concentration in Financial Analysis.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 1.25 | 23.1 | 9.26 | 1.25 |
