RNEW Overview

Liquidation of KOCG ETF: Faith Investor Services LLC plans to liquidate the FIS Knights of Columbus Global Belief ETF (KOCG) due to insufficient assets and trading volume, with final orders accepted until July 11, 2025, and distributions expected around July 18, 2025.

Industry Trend of ETF Closures: The shutdown of KOCG reflects a broader trend in the ETF industry where larger asset managers are closing underperforming and thematic funds, indicating a shift towards consolidating products that can achieve scale and efficiency amidst declining investor interest.

Lucid Motors Performance: Lucid's share price has increased by 7% over the past three months due to strong sales and new vehicle launches, reporting $235 million in revenue for Q1 2025, a 36% year-over-year increase, despite a loss of $0.24 per share.

ETF Investment Options: Investors can gain exposure to Lucid through ETFs like ACES and RNEW, which focus on clean energy and environmentally friendly infrastructure, respectively, offering diversified investment opportunities while reducing risk compared to direct stock investments.

VanEck ETF Liquidation: VanEck is closing its Green Infrastructure ETF (RNEW) and HIP Sustainable Muni ETF (SMI) due to low performance and demand, with trading ending on June 18 and cash payouts for shareholders around June 25.

Impact on Investors: Shareholders can trade their shares until the deadline or will receive a cash payout based on net asset value; this reflects a trend of asset managers consolidating underperforming funds in the ETF market.

VanEck ETF Liquidation Announcement: VanEck plans to close and liquidate two of its ETFs, the VanEck Green Infrastructure ETF (RNEW) and the VanEck HIP Sustainable Muni ETF (SMI), with liquidation expected around June 25, 2025. Shareholders can sell their shares until June 18, 2025, after which the funds will be de-listed.

Investment Strategy Overview: VanEck has a long history of identifying investment opportunities and currently manages approximately $116.6 billion in assets across various strategies, emphasizing client interests and thorough research in their investment processes.

Third-Quarter Financial Results: Donaldson Company reported a 1.3% increase in sales to $940.1 million but fell short of expectations, with net earnings dropping significantly due to non-recurring charges, including a major impairment of intangible assets.

Revised Guidance and Shareholder Returns: The company adjusted its FY25 guidance for adjusted EPS and sales growth, while also announcing an increase in cash dividends and plans for share repurchases, indicating confidence in achieving record sales and earnings for the year.

VanEck ETF Distributions: VanEck announced the 2024 annual distributions per share for its equity exchange-traded funds (ETFs), with various funds providing specific income amounts and capital gains, payable on December 24, 2024.

Investment Risks and Tax Information: The distributions will primarily come from net investment income, with potential variations in future payments. Investors are advised to seek independent tax advice and review the prospectus for detailed information on risks associated with investing in VanEck ETFs.