GRNBVanEck Green Bond ETF
GRNB Fund Description
GRNB tracks a market-value-weighted index of USD bonds issued for climate change mitigation or other environmentally beneficial projects, as identified by the Climate Bonds Initiative.
GRNB Factset Analytics Insight
GRNB is a unique take in the fixed income space: an ESG-focused fund with a global scope and passive management. The fund invests in bonds issued to finance “green” projects—primarily solar, wind, and low-carbon construction. Issuers must seek and receive certification from the Climate Bonds Initiative, a London-based NGO. GRNB may hold both corporate and government issues, with only a few restrictions: tax-exempt municipals are excluded, while sub-investment-grade issues are capped at 20% of the portfolio. Issuers may be located in any geography, but holdings must be USD denominated. Rebalancing is done monthly. GRNB launched in March 2017 and as of September 3, 2019, the fund tracks the S&P Green Bond U.S. Dollar Select Index.
GRNB MSCI ESG Analytics Insight
VanEck Green Bond ETF has an MSCI ESG Fund Rating of A based on a score of 6.93 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. VanEck Green Bond ETF ranks in the 66th percentile within its peer group and in the 81st percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
GRNB Summary Data
GRNB Portfolio Data
GRNB Index Data
GRNB Portfolio Management
GRNB Tax Exposures
GRNB Fund Structure
GRNB Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of GRNB. GRNB is rated a N/A out of 5.