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Description
The VanEck Vectors Global Alternative Energy ETF seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Ardour Global Index Extra Liquid, which is intended to track the overall performance of companies involved in the business of alternative energy. Alternative energy includes power derived principally from bio-fuels (such as ethanol), bio mass, wind, solar, hydro and geothermal sources, and also includes various technologies that support the production, use and storage of these sources. Expenses for GEX are capped contractually at 0.62% until at least May 1, 2018. Cap excludes certain expenses, such as interest.