EVX's index is comprised of 22 companies focused on various environmental services. The fund's top four positions, Waste Management (WM), Veolia (VE), Republic Services (RSG), and Stericycle (SRCL) command 40% of the fund's portfolio.
Compared to a similar mutual fund, the Fidelity Select Environmental Fund (FSLEX), EVX has outperformed over the past year, though they're running neck and neck year to date.
EVX trades about 5,000 shares per day.
-- Written by Don Dion in Williamstown, Mass.