SMOG Fees and Costs — VanEck Low Carbon Energy ETF
Data updated: 2026-08-26
The net expense ratio is 0.64%: a 0.50% management fee plus 0.14% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $38K in broker commissions, 0.0310% of average net assets, and portfolio turnover was 21%.
SMOG Fees and Expenses
Annual operating expenses and sales charges of SMOG. Prospectus, as of May 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | — |
| Other expenses | 0.14% |
| Gross expense ratio | 0.64% |
| Fee waiver | — |
| Net expense ratio | 0.64% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
SMOG Costs Over Time
On $10,000 invested in SMOG, assuming 5% a year before costs, total costs come to $422 over 5 years, cutting the return by 0.70% 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 0.64%) | $67 | $210 | $366 |
| Trading costs (broker commissions) | $3 | $10 | $18 |
| Lost growth on money paid in costs | $0 | $11 | $39 |
| Total costs | $70 | $231 | $422 |
| Value after costs | $10,430 | $11,345 | $12,340 |
| Impact on return, per year | 0.70% | 0.70% | 0.70% |
SMOG Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0310%
- Total broker commissions: $38K
- Bought from dealers (principal trades, not a cost): $27.1M
- Portfolio turnover (prospectus): 21%
- Securities on loan, average value: $23.6M
- Net income from securities lending: $203K (0.164% of average net assets)
SMOG Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $11K | 27.98% |
| Citigroup Global Markets Inc. | $11K | 27.37% |
| UBS Securities LLC | $8K | 21.27% |
| Morgan Stanley & Co. LLC | $7K | 18.16% |
| J.P. Morgan Securities LLC | $2K | 5.17% |
| Larrainvial Securities US LLC | $15 | 0.04% |
SMOG Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $23.3M | 89.81% |
| Virtu Americas LLC | $2.6M | 10.19% |
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.