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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:

  1. Excluding companies that own any fossil fuel reserves or derive revenue from mining thermal coal or from oil and gas related activities;
  2. Excluding companies with business activities that are not socially responsible investments (SRI); and
  3. 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

The Certification Symbol signifies that a product or service offers an investment style that takes into account environmental, social, governance or ethical considerations. The Symbol also signifies that VanEck Vectors MSCI Australian Sustainable Equity ETF (GRNV) adheres to the strict operational and disclosure practices required under the Responsible Investment Certification Program for the category of Product Provider. The Certification Symbol is a Registered Trade Mark of the Responsible Investment Association Australasia (RIAA). Detailed information about RIAA, the Symbol and ESGI's methodology, performance and stock holdings can be found at www.responsiblereturns.com.au, together with details about other responsible investment products certified by RIAA.

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

Total constituents: 79
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
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

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.