RNEW Fees and Costs — VanEck Green Infrastructure ETF
Data updated: 2025-05-27
The net expense ratio is 0.47%: a 0.45% management fee plus 0.02% other expenses. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $262 in broker commissions, 0.0147% of average net assets, and portfolio turnover was 5%.
RNEW Fees and Expenses
Annual operating expenses and sales charges of RNEW. Prospectus, as of January 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | — |
| Other expenses | 0.02% |
| Gross expense ratio | 0.47% |
| Fee waiver | — |
| Net expense ratio | 0.47% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
RNEW Costs Over Time
On $10,000 invested in RNEW, assuming 5% a year before costs, total costs come to $306 over 5 years, cutting the return by 0.51% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.47%) | $49 | $155 | $270 |
| Trading costs (broker commissions) | $2 | $5 | $8 |
| Lost growth on money paid in costs | $0 | $8 | $28 |
| Total costs | $51 | $168 | $306 |
| Value after costs | $10,449 | $11,409 | $12,456 |
| Impact on return, per year | 0.51% | 0.51% | 0.51% |
RNEW Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0147%
- Total broker commissions: $262
- Bought from dealers (principal trades, not a cost): $2.0M
- Portfolio turnover (prospectus): 5%
- Securities on loan, average value: $220K
- Net income from securities lending: $8K (0.447% of average net assets)
RNEW Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $184 | 70.21% |
| Morgan Stanley & Co. LLC | $68 | 25.87% |
| UBS Securities LLC | $2 | 0.90% |
| BofA Securities, Inc. | $2 | 0.77% |
| J.P. Morgan Securities LLC | $2 | 0.76% |
| Citigroup Global Markets Inc. | $2 | 0.74% |
| Robert W. Baird & Co. Incorporated | $1 | 0.42% |
| Goldman Sachs & Co. LLC | $1 | 0.33% |
RNEW Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| National Securities Clearing Corporation | $2.0M | 99.99% |
| Goldman Sachs & Co. LLC | $38 | 0.00% |
| Robert W. Baird & Co. Incorporated | $33 | 0.00% |
| BofA Securities, Inc. | $17 | 0.00% |
| UBS Securities LLC | $15 | 0.00% |
| Citigroup Global Markets Inc. | $9 | 0.00% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.