VanEck Vectors MSCI Australian Sustainable Equity ETF GRNV
Fund description: GRNV gives investors access to a diversified portfolio of sustainable Australian companies selected on the basis of in-depth analysis by world leading research agency MSCI ESG Research. GRNV aims to provide investment returns, before fees and other costs, which track the performance of the Index.
Index description: MSCI Australia IMI Select SRI Screened Index aims to represent the performance of a diversified portfolio of Australian companies that have high Environmental, Social and Governance (ESG) performance by:
- Excluding companies that own any fossil fuel reserves or derive revenue from mining thermal coal or from oil and gas related activities;
- Excluding companies with business activities that are not socially responsible investments (SRI); and
- Targeting companies with high ESG ratings.
Management style: Replication
Country of domicile: Australia
as at 21-Jan-21
-
Exchange
ASX -
ASX code
GRNV -
Bloomberg index code
GA726304 -
Index provider
MSCI Inc. -
NAV
$25.84 -
Units outstanding
3,128,841 -
Net assets
$80.8M -
Number of holdings
79 -
Inception date1
27-Apr-16 -
ASX commencement
02-May-16
1The date the ETF was seeded prior to quotation on ASX.
as at 21-Jan-21
-
Dividend frequency
4 each year -
Management costs p.a.
0.35% - Investment management team »
- Market Announcements
- GRNV Fact Sheet
- GRNV Fund Flyer
- ESG and Carbon Metrics
The Responsible Investment Certification Program does not constitute financial product advice. Neither the Certification Symbol nor RIAA recommends to any person that any financial product is a suitable investment or that returns are guaranteed. Appropriate professional advice should be sought prior to making an investment decision. RIAA does not hold an Australian Financial Services Licence.
Key points
Underlying index
MSCI Australia IMI Select SRI Screened Index
The Index comprises
The Index includes Australian listed securities that have high Environmental, Social and Governance (ESG) performance by applying the following negative and positive screens:
- Excluding companies that own any fossil fuel reserves or derive revenue from mining thermal coal or from oil and gas related activities;
- Exclusion of companies whose business activities are not socially responsible investments (SRI); and
- Inclusion of only the leading ESG performers in each sector.
The Index aims to achieve diversification by capping the maximum weight assigned to each security, thereby avoiding concentration risk.
Summary of Index methodology
The Index is constructed using the following steps
1. The eligible universe of securities is defined as the securities in the MSCI Australia Domestic IMI Index.
2. Securities are screened for exclusion based on the following business activities:
- Adult entertainment
- Alcohol
- Animal welfare
- Civilian Firearms
- Conventional weapons
- Controversial weapons
- Fossil Fuels
- Gambling
- Genetically modified organisms (GMO)
- Nuclear power
- Nuclear weapons
- Nutrition and health
- Soft drinks
- Tobacco
3. Companies are excluded based on MSCI flags in respect of ESG controversies (red or orange ESG controversy flag)
4. Companies are excluded based on MSCI flags in respect of human rights controversies (red, orange or yellow Human Rights controversy flags)
5. Only companies with ESG rating 'A', 'AA' and 'AAA' are included (based on MSCI's scale from 'AAA' to 'CCC').
6. Companies with free float adjusted market capitalisation less than or equal to USD 750m (new constituents) or less than or equal to USD 500m (existing constituents) are excluded.
7. The remaining companies are then weighted by their free float market capitalisation subject to a 5% individual weighting cap.
Index provider
MSCI Inc. MSCI is not a related entity of VanEck Investments Limited.
GRNV is indexed to a MSCI index. GRNV is not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to GRNV or the MSCI Index. The PDS contains a more detailed description of the limited relationship MSCI has with VanEck and GRNV.
Index profile
-
Bloomberg index code
GA726304 -
Launch date
07-Jun-19 -
Base date
30-Nov-15 -
Rebalance Frequency
Quarterly
Top ten index constituents (%) as at 31-Dec-20
Constituent name |
ASX code
|
Weightings (%) | |
---|---|---|---|
FORTESCUE METALS GROUP LTD |
FMG AU
|
6.94 | |
AUST AND NZ BANKING GROUP |
ANZ AU
|
5.22 | |
GOODMAN GROUP |
GMG AU
|
5.18 | |
TELSTRA CORP LTD |
TLS AU
|
4.85 | |
CSL LTD |
CSL AU
|
4.59 | |
TRANSURBAN GROUP |
TCL AU
|
4.58 | |
NEWCREST MINING LTD |
NCM AU
|
3.62 | |
XERO LTD |
XRO AU
|
3.04 | |
SYDNEY AIRPORT |
SYD AU
|
2.97 | |
BRAMBLES LTD |
BXB AU
|
2.78 | |
Top ten total (%) | 43.77 |
Index country weightings (%) as of 31-Dec-20
-
Country
Weightings (%) -
Australia
97.0 -
New Zealand
3.0 -
Total
100.0
Index sector weightings (%) as at 31-Dec-20
-
Sector
Weightings (%) -
Materials
22.0 -
Financials
16.9 -
Real Estate
16.7 -
Industrials
14.1 -
Health Care
10.2 -
Communication Services
8.5 -
Information Technology
7.9 -
Consumer Discretionary
2.4 -
Consumer Staples
0.7 -
Utilities
0.6 -
Total
100.0
Source: GRNV is indexed to a MSCI index. GRNV is not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to GRNV or the MSCI Index. The PDS contains a more detailed description of the limited relationship MSCI has with VanEck and GRNV.