Key stats
About VanEck Green Metals ETF
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Inception date
Nov 9, 2021
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
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
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
Stocks99.94%
Non-Energy Minerals80.54%
Process Industries9.98%
Distribution Services7.71%
Producer Manufacturing1.72%
Bonds, Cash & Other0.06%
Cash0.06%
Stock breakdown by region
North America38.16%
Europe26.00%
Asia19.04%
Africa10.04%
Oceania5.36%
Latin America1.40%
Middle East0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
GMET invests in stocks. The fund's major sectors are Non-Energy Minerals, with 80.54% stocks, and Process Industries, with 9.98% of the basket. The assets are mostly located in the North America region.
GMET top holdings are Freeport-McMoRan, Inc. and Glencore plc, occupying 8.08% and 7.71% of the portfolio correspondingly.
GMET last dividends amounted to 0.39 USD. The year before, the issuer paid 0.49 USD in dividends, which shows a 24.56% decrease.
GMET assets under management is 19.69 M USD. It's risen 12.40% over the last month.
GMET fund flows account for −5.78 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, GMET pays dividends to its holders with the dividend yield of 1.58%. The last dividend (Dec 24, 2024) amounted to 0.39 USD. The dividends are paid annually.
GMET shares are issued by Van Eck Associates Corp. under the brand VanEck. The ETF was launched on Nov 9, 2021, and its management style is Passive.
GMET expense ratio is 0.61% meaning you'd have to pay 0.61% of your investment to help manage the fund.
GMET follows the MVIS Global Clean-Tech Metals. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
GMET invests in stocks.
GMET price has risen by 15.04% over the last month, and its yearly performance shows a 9.47% increase. See more dynamics on GMET price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 14.87% over the last month, showed a 29.88% increase in three-month performance and has increased by 8.64% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 14.87% over the last month, showed a 29.88% increase in three-month performance and has increased by 8.64% in a year.
GMET trades at a premium (0.05%) meaning the ETF is trading at a higher price than the calculated NAV.