EMET: VANECK COPPER AND ELECTRIFICATION METALS ETF
What this ETF is trying to do
The VANECK COPPER AND ELECTRIFICATION METALS ETF (ticker: EMET) is an exchange-traded fund designed to invest in metals related to copper and electrification. It holds a variety of companies involved in these sectors. Based on the top holdings provided, the fund has exposure to companies like Anglo American PLC and Freeport-McMoRan Inc.
What the numbers show
The data shows that EMET has experienced significant growth in its share price over different time periods.
• Year-to-Date (YTD): The price return is approximately 13.11%.
• One-Year: The share-price return is approximately 28.28%. When including distributions, the one-year total return is approximately 30.66%.
• Three-Year: The share-price return is approximately 77.07%. When including distributions, the three-year total return is approximately 87.56%.
To put this in perspective, the estimated price from roughly one year ago was $32.66. The current price is $41.90.
Income and distribution explanation
EMET provides a distribution yield of approximately 1.63%. This represents the cash distributions relative to the ETF's price. It is important to remember that a distribution yield is not the same as total return. Total return includes both the change in share price and the cash distributions received.
The fund's distribution frequency is described as "irregular" or "less frequent." In the last 12 months, there was one recorded payout.
NAV erosion explanation
"NAV erosion" refers to a decline in the Net Asset Value (the actual value of the assets held by the fund). The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.
However, regarding price-based evidence, the fund has an erosion score of 100, which is labeled as "No price erosion detected." The erosion severity is rated as "good," and there is no severe erosion-risk flag.
Pros
• Strong Price Growth: The fund has shown high price returns over the one-year and three-year periods.
• Positive Total Returns: The total return figures are higher than the price-only returns, showing that distributions have added to the overall value.
• No Price Erosion Detected: Based on the provided erosion score, there are no signs of significant price deterioration.
Cons
• Irregular Income: Because the distribution frequency is irregular, investors cannot rely on a steady, predictable schedule of cash payments.
• Sector Concentration: The fund focuses specifically on copper and electrification metals, which may behave differently than a more diversified fund.
Beginner takeaway
EMET has shown strong growth in both its share price and its total return over the last three years. While it pays a distribution yield, the payments are not frequent or regular. Investors should look at both the price return and the total return to understand how the fund has performed overall.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | ANGLO AMERICAN PLC | n/a | 8.36% |
| 2 | FREEPORT-MCMORAN INC | FCX | 8.32% |
| 3 | GRUPO MEXICO SAB DE CV CLASS B | n/a | 7.25% |
| 4 | TECK RESOURCES LTD CLASS B (SUB VOTING) | n/a | 6.71% |
| 5 | SOUTHERN COPPER CORP | SCCO | 4.73% |
| 6 | ANTOFAGASTA PLC | n/a | 4.69% |
| 7 | VALTERRA PLATINUM LTD | n/a | 3.53% |
| 8 | BOLIDEN AB | n/a | 3.41% |
| 9 | FIRST QUANTUM MINERALS LTD | FQVLF | 3.40% |
| 10 | SUMITOMO METAL MINING CO LTD | n/a | 3.31% |