What is GMET?

GMET tracks a market-cap-weighted index of global companies involved in mining, refining, and recycling of metals and rare earth elements that are used in technologies contributing to clean energy transition.

PERFORMANCE [as of 03/23/23] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
GMET -7.06% -4.09% -3.13% -24.95% -- -- --
GMET (NAV) -7.47% -4.11% -3.07% -24.40% -- -- --
MSCI AC World IMI / Diversified Metals & Mining -SUB -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

GMET Factset Analytics Insight

GMET is the first ETF to capture the global green metals space. The fund specifically includes companies that mine, refine, or recycle green metals—that 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 fund’s concentrated portfolio aims to cover 90% of the selection universe’s free-float market capitalization—having 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 fund—REMX, it sticks to a plain vanilla strategy that focuses on firms’ business activities rather than ESG screens. The index reconstitutes and rebalances quarterly.

GMET Summary Data

VanEck
11/09/21
0.59%
$24.70M
MVIS Global Clean-Tech Metals Index
MSCI AC World IMI / Diversified Metals & Mining -SUB
Open-Ended Fund

Peers

MSCI AC World IMI / Diversified Metals & Mining -SUB

Fund Flows

$0.00B 5 Days
$0.00B 30 Days
+$0.00B 90 Days

GMET Portfolio Data

$28.12B
11.21
2.30
2.65%
N/A
50

GMET Index Data

MVIS Global Clean-Tech Metals Index
Market Cap
Market Cap
MSCI AC World IMI / Diversified Metals & Mining -SUB

GMET Portfolio Management

0.59%
--
--
--

GMET Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

GMET Fund Structure

Open-Ended Fund
No
No
-- / --
N/A
N/A
High
Daily

Factset Analytics Block Liquidity

As of 03/24/23

This measurement shows how easy it is to trade a $1 million USD block of GMET. GMET is rated a N/A out of 5.

GMET Tradability

4,546
$140.12K
3,128
$94.66K
0.42%
$0.12
0.31%
1.60% / -0.66%
None
42.71%
--
--
--
--
7
$27.37
N/A

GMET Sector/Industry Breakdown

GMET Segment
Benchmark
61.92% --
21.90% --
7.97% --
5.11% --
3.09% --
0.01% --

GMET Top 10 Holdings

8.04%
6.82%
5.16%
4.85%
4.11%
3.77%
3.22%
3.05%
52.69%

GMET Performance Statistics

--
--
--
--
--
MSCI AC World IMI / Diversified Metals & Mining -SUB

GMET Countries

GMET Segment
Benchmark
17.73% --
17.70% --
17.04% --
11.32% --
10.26% --
9.09% --
5.45% --
3.88% --
3.06% --
2.47% --

GMET Regions

GMET Segment
Benchmark
39.45% --
29.01% --
22.20% --
5.45% --
3.88% --

GMET Economic Development

GMET Segment
Benchmark
72.56% --
27.44% --

GMET Benchmark Comparison Holdings

50
--
--
--

GMET Benchmark Comparison Summary

GMET Segment
Benchmark
50 --
$28.12B --
11.21 --
2.30 --
2.33% --
Medium --

GMET Benchmark Comparison Market Cap Size

GMET Segment
Benchmark
61.19% --
37.51% --
1.32% --
0.00% --

Options Strategies for Outcome Investing

A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.