Range Global Coal Index ETF (COAL)

Range Global Coal Index ETF is a passively managed exchange-traded fund from Range Fund Holdings that seeks to track the Range Global Coal Index, a rules-based benchmark of companies around the world that derive their revenue from the coal industry.

The index focuses on businesses engaged in mining and producing thermal and metallurgical coal, along with related activities such as coal processing and logistics. Its holdings are drawn from multiple countries, which commonly include the United States, Australia, Indonesia and other major coal-producing regions.

The fund gives investors concentrated exposure to a single commodity-linked industry, so its performance is closely tied to coal prices, steel production, energy demand and regulation affecting fossil fuels.