Symbols

EVX

VanEck Environmental Services ETF·NYSE

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Key Stats

Assets Under Management

100.25MUSD

Fund Flows (1Y)

6.36MUSD

Dividend Yield

0.17%

Discount/Premium to NAV

0.01%

Shares Outstanding

2.40M

Expense Ratio

0.55%

About VanEck Environmental Services ETF

Issuer

Van Eck Associates Corporation

Brand

VanEck

Home Page

https://www.vaneck.com/us/en/investments/enviromental-services-etf-evx/

Inception Date

Oct 10, 2006

Structure

Open-Ended Fund

Index Tracked

NYSE Arca Environmental Services Index

Management Style

Passive

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.

EVX offers a small and highly concentrated portfolio of environmental services firms that differs from the market, especially regarding global coverage, as its portfolio is allocated heavily to US companies. EVX holds 30 waste management companies that it weights in 3 tiers. It allocates 10% of its portfolio to each of the 4 biggest companies by market cap, 2% to each of the 5 smallest, and splits the remaining 50% of its portfolio equally among the remaining issues. This causes the fund to tilt smaller than the market at large — over 15% of its portfolio is in micro-caps, compared to 4% of our benchmark. The index is rebalanced and reconstituted on a quarterly basis.