VanEck Vectors Coal ETF
KOL
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- IPO Date
- Jan 10, 2008
- CIK
- 0001137360
- Similar Companies
- Business
- VanEck Vectors Coal ETF (KOL) is an exchange-traded fund that seeks to replicate, before fees and expenses, the price and yield performance of the MVIS Global Coal Index. The fund normally invests at least 80% of its total assets in securities comprising the index, which tracks the performance of the largest and most liquid global companies engaged in the coal industry; these include firms deriving at least 50% of revenues from coal production, mining, cokeries, transportation, equipment manufacturing, storage, and trade. The index employs a modified market cap-weighted, float-adjusted methodology, targeting companies with market caps exceeding $200 million and average daily trading volume above $1 million, providing exposure to growth and value stocks across diversified market capitalizations in sectors such as energy (oil, gas, consumable fuels), materials (metals, mining, coal products), and industrials. Operated by VanEck ETF Trust and advised by Van Eck Associates Corporation, headquartered in New York, the fund was launched on January 10, 2008, and trades on NYSE Arca with a net expense ratio of 0.60%. It offers investors global geographic exposure, with holdings diversified across regions including the United States, Asia-Pacific, and Europe, targeting institutional and retail investors seeking commodity producer equities focused on coal. As of recent data, assets under management stand at approximately $28.89-$35.12 million, with a dividend yield around 3.41%. In recent developments, MV Index Solutions discontinued dissemination of the MVIS Global Coal Index effective February 1, 2021, prompting a shift in the fund's benchmark to the Stowe Coal Index, calculated by Standard & Poor's Custom Indices on behalf of Stowe Global Indexes LLC. The ETF underwent a 1-for-10 reverse stock split on April 15, 2020, to address low share prices and maintain listing compliance. No major acquisitions, partnerships, funding rounds, or new product launches specific to KOL have been reported in the last 1-2 years, though parent firm VanEck continues expanding its broader ETF lineup, including launches like the $30 million VanEck Ventures fund for fintech and digital assets in 2024.