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The investment objective of the Fund is to replicate the price and performance, before fees and expenses, of the MarketVector™ Electrification Index. The Fund normally uses a physical replication strategy by investing directly in the underlying securities of the Index, including stocks, American depositary receipts (ADRs) and global depositary receipts (GDRs). The Index provides exposure to companies in the electrification value chain across one or more core segments: electric utilities and independent power producers involved in midstream, upstream or downstream operations; companies deriving at least 50% of their revenue from clean energy generation, transmission or distribution; industrial electrification processes and equipment, power management and cooling technologies, and off-grid generators; modernization of electric grid infrastructure, including energy transmission solutions, smart-grid technologies, cable connectivity, substation and transformer solutions; and battery manufacturing for industrial and automotive use cases, excluding energy-storage technologies. The Fund may also invest in financial derivative instruments relating to the Index or its constituents, as well as ancillary liquid assets and money market instruments. The Fund uses a passive investment approach and aims to achieve a performance that generally replicates that of the Index.
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VS
The investment objective of the Fund is to replicate the price and performance, before fees and expenses, of the MarketVector™ Electrification Index. The Index provides exposure to stocks in the electrification value chain across one or more core segments, including electric utilities and independent power producers involved in midstream, upstream or downstream operations; industrial companies generating at least 50% of their revenue from clean energy generation, transmission or distribution; industrial electrification processes and equipment, power management and cooling technologies, off-grid generators; modernization of electric grid infrastructure, including energy transmission solutions, smart-grid technologies, cable connectivity, substations and transformers; and battery manufacturing for industrial and automotive use cases, energy storage technologies. The Fund normally uses a physical replication strategy by investing directly in the underlying securities of the Index, including stocks, American depositary receipts and global depositary receipts. The Fund may also use financial derivative instruments relating to the Index or its constituents. The Fund follows a passive investment approach and aims to achieve a return that generally replicates the performance of the Index, less fees and expenses.
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Key takeaways

The ETFs track the same security, and so are effectively the same fund. £PIKG trades in pounds (£) and $PIKA trades in dollars ($); both are listed on the London Stock Exchange.

Fund highlights

Fund comparison highlights
Fund name
VanEck Electrification and Power InfrastructureVanEck Electrification and Power Infrastructure
GBP
USD
USD
USD
AccumulatingAccumulating
Fund size
£42M$56M
--
Last price
£12.04$16.03
0.55%0.55%
Fund manager
VanEckVanEck
Benchmark
MarketVector™ ElectrificationMarketVector™ Electrification
Risk
Ticker
£PIKG$PIKA
Primary listing
LSELSE
Documents
Costs disclosure document
Costs disclosure document
Market data provided by CBOE Europe and Deutsche Börse.

Performance

CumulativeRolling yearsLump sum investment

Sector exposure

ChartTable
£PIKG
$PIKA

Top holdings

Siemens

8.56%

Schneider Electric

7.04%

ABB Ltd

6.86%

Siemens Energy

5.97%

Delta Electronics Inc

5.68%

Quanta

5.58%

National Grid

5.37%

Johnson Controls

5.17%

American Electric Power

4.92%

Other

44.85%

Siemens

8.56%

Schneider Electric

7.04%

ABB Ltd

6.86%

Siemens Energy

5.97%

Delta Electronics Inc

5.68%

Quanta

5.58%

National Grid

5.37%

Johnson Controls

5.17%

American Electric Power

4.92%

Other

44.85%

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