VanEck Green Infrastructure ETF
RNEW
Other OTC- -
USD
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Capital Structure
FRC
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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
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Kansas 66211 United States of America
- IPO Date
- Oct 20, 2022
- Similar Companies
- Business
- VanEck Green Infrastructure ETF (RNEW) is an exchange-traded fund that seeks to replicate the performance of the Indxx US Green Infrastructure-MCAP Weighted Index, prior to fees and expenses. The fund provides exposure to U.S. companies involved in the production, transmission, or distribution of green energy; those engaged in sustainable infrastructure activities supporting holistic green energy use and environmental impact; and firms across seven sub-themes including environmental waste management, construction efficiency, power generation, buildings retrofitting, transportation electrification, energy storage, and hydrogen technologies. Holdings are selected based on modified market capitalization, with individual company caps at 5% and sub-theme caps at 30% to ensure diversification; eligible companies must derive at least 50% of revenues from green infrastructure, maintain a minimum market cap of $500 million, and be U.S.-domiciled. The ETF targets investors seeking thematic exposure to sustainable infrastructure trends driven by U.S. government initiatives like the Inflation Reduction Act, including grants, loans, and tax credits for green energy projects. Launched on October 18, 2022, RNEW is managed by VanEck ETF Trust, part of VanEck, a global investment management firm founded in 1955 and headquartered at 666 Third Avenue, New York, New York. The fund operates exclusively in U.S. equity markets, focusing on large-, mid-, and small-cap stocks in sectors such as industrials, energy, consumer discretionary, and utilities. It charges a net expense ratio of 0.45% or 45 basis points, with annual distributions and full holdings transparency. In a significant recent development, VanEck announced on June 4, 2025, the closure and liquidation of RNEW, alongside the VanEck HIP Sustainable Muni ETF (SMI), due to evaluations of performance, liquidity, assets under management (which had dwindled to approximately $1.92 million as of mid-2024), and investor interest. The Board of Trustees of VanEck ETF Trust approved the dissolution, reflecting ongoing portfolio optimization amid challenging market conditions for thematic green infrastructure funds. No recent partnerships, acquisitions, new product launches, or expansions were reported for RNEW in the last 1-2 years prior to its closure decision.