CM Commodity Index FundCOMIX

  • Daily Price   as of 06/30/16

    NAV DAILY CHANGE
    $5.21 $-0.04 / -0.8%
  • Class I Details: COMIX

    INCEPTION DATE GROSS/NET EXPENSES1
    12/31/10 0.90%/0.65%
  • Performance History: Average Annual Total Returns* (%)

    1 MO*3 MO*YTD*1 YR3 YR5 YR10 YRLIFE
    (12/31/10)
    VanEck CM Commodity Index Fund: Class I
    At Net Asset Value0.6013.268.86-14.86-13.44-11.56---9.89
    UBS Bloomberg CMCI Index20.5913.519.48-13.92-12.53-10.60----
    1 MO*3 MO*YTD*1 YR3 YR5 YR10 YRLIFE
    (12/31/10)
    VanEck CM Commodity Index Fund: Class I
    At Net Asset Value4.270.220.22-19.44-16.98-13.33---11.59
    UBS Bloomberg CMCI Index24.320.620.62-18.56-16.05-12.38----
  • Calendar Year Returns (%)

    2009 2010 2011 2012 2013 2014 2015
    VanEck CM Commodity Index Fund: Class A
    At Net Asset Value (NAV)
    -- -- -8.11 1.23 -7.87 -19.76 -25.29
    UBS Bloomberg CMCI Index2 32.56 18.06 -6.90 2.80 -6.57 -18.69 -24.16

    The table presents past performance which is no guarantee of future results and which may be lower or higher than current performance. Returns reflect temporary contractual fee waivers and/or expense reimbursements. Had the Fund incurred all expenses and fees, investment returns would have been reduced. Investment returns and Fund share values will fluctuate so that investors' shares, when redeemed, may be worth more or less than their original cost. Fund returns assume that dividends and capital gains distributions have been reinvested in the Fund at NAV.

  • Distribution History (Class A)

    RECORD DATE DECLARATION DATE
    EX-DATE
    REINVEST DATE
    PAYABLE DATE
    DIVIDEND
    INCOME*
    SHORT-TERM
    CAPITAL GAINS
    LONG-TERM
    CAPITAL GAINS
    RETURN
    OF
    CAPITAL
    TOTAL
    DISTRIBUTIONS
    12/21/15 12/22/15 -- -- -- -- --
    12/22/14 12/23/14 -- -- -- -- --
    12/20/13 12/23/13 $0.0200 -- -- -- $0.0200
    12/20/12 12/21/12 -- -- -- -- --
    12/20/11 12/21/11 -- -- -- -- --

    All registered investment companies are obliged to distribute portfolio gains to shareholders at yearend regardless of performance. Trading VanEck Funds will also generate tax consequences and transaction expenses. The information provided is not intended to be tax advice. Tax consequences of dividend distributions may vary by individual taxpayer. There is no guarantee that dividends will be paid. To receive a distribution, you must have been a registered shareholder of the relevant VanEck Funds on the record date. Distributions are paid to shareholders on the payment date. Past distributions are not indicative of future distributions.

    Certain distributions may constitute a return of capital, which will have the effect of reducing your cost basis in the Fund’s shares and thereby increasing the amount of capital gain, if any, or decreasing the amount of capital loss, if any, that you will realize when selling or exchanging Fund shares. The final determination of the tax characteristics cannot be determined until after each Fund’s yearend and are reported to shareholders on Form 1099-DIV. The form is mailed to shareholders shortly after calendar yearend specifying how the distributions paid by the Fund during the prior calendar year should be characterized for purposes of reporting the distribution on a shareholder’s tax return.

    The tax treatment and characterization of the Fund’s distributions may vary significantly from time to time depending on whether the Fund has gains or losses on the securities in its portfolio. The Fund’s distributions will normally reflect past and projected net investment income, and may include income from dividends and interest, capital gains and/or a return of capital. The final composition of the tax characteristics of the distributions cannot be determined with certainty until after the end of the year, and will be reported to shareholders at that time. The amount of distributions will vary, depending on a number of factors. As portfolio and market conditions change, the rate of dividends may change. There can be no assurance that the Fund will be able to declare a dividend distribution in each period. Past performance is no guarantee of future results.

    Click here to access more detailed yearend tax information.

  • NAV History Class A as of 05/31/16

    TIME PERIOD
    12-Month High (06/10/15) 5.92
    12-Month Low (01/20/16) 4.12

    MONTH END
    May 2016 4.96
    April 2016 4.93
    March 2016 4.56
    February 2016 4.38
    January 2016 4.40
    December 2015 4.55
    November 2015 4.71
    October 2015 5.04
    September 2015 5.03
    August 2015 5.22
    July 2015 5.27
    June 2015 5.89
  • Important Disclosure

    Unless otherwise stated, portfolio facts and statistics are shown for Class A shares; other classes may have different characteristics.

    NAV: Unless you are eligible for a waiver, the public offering price you pay when you buy Class A shares of the Fund is the Net Asset Value (NAV) of the shares plus an initial sales charge. The initial sales charge varies depending upon the size of your purchase. No sales charge is imposed where Class A shares are issued to you pursuant to the automatic investment of income dividends or capital gains distribution. It is the responsibility of the financial intermediary to ensure that the investor obtains the proper “breakpoint” discount. Class I and Class Y do not have an initial sales charge. See the prospectus for more information.

    1Expenses are calculated for the 12-month period ending 05/01/16: Class A: Gross 1.25% and Net 0.95%; Class I: Gross 0.90% and Net 0.65%; and Class Y: Gross 1.00% and Net 0.70%. Van Eck Absolute Return Advisers Corporation (the “Adviser”) has agreed to waive fees and/or pay Fund expenses to the extent necessary to prevent the operating expenses of the Fund (excluding acquired fund fees and expenses, interest expense, trading expenses, dividends and interest payments on securities sold short, taxes and extraordinary expenses) from exceeding 0.95% for Class A, 0.65% for Class I, and 0.70% for Class Y of the Fund’s average daily net assets per year until May 1, 2017. During such time, the expense limitation is expected to continue until the Board of Trustees acts to discontinue all or a portion of such expense limitation.

    2The UBS Bloomberg Constant Maturity Commodity Index (CMCI) is a Total Return rules-based composite benchmark index diversified across 27 commodity components from within five sectors, specifically energy, precious metals, industrial metals, agricultural and livestock. The S&P® 500 Index consists of 500 widely held common stocks covering industrial, utility, financial and transportation sectors. The S&P® Goldman Sachs Commodity Total Return Index (SPGSCITR) is a composite index of commodity sector returns, representing an unleveraged, long-only investment in commodity futures. The Barclays Capital Global Aggregate Bond Index is composed of the mortgage-backed and asset-backed securities and government/credit bonds. All indices are unmanaged and include the reinvestment of all dividends, but do not reflect the payment of transaction costs, advisory fees or expenses that are associated with an investment in the Fund. An index’s performance is not illustrative of the Fund’s performance. Indices are not securities in which investments can be made.

    UBS and Bloomberg own or exclusively license, solely or jointly as agreed between them, all proprietary rights with respect to the Index. In no way do UBS or Bloomberg sponsor or endorse, nor are they otherwise involved in the issuance and offering of the Fund, nor do either of them make any representation or warranty, express or implied, to the holders of the Fund or any member of the public regarding the advisability of investing in the Fund or commodities generally or in futures particularly, or as to results to be obtained from the use of the Index or from the Fund.

    The views and opinions expressed are those of VanEck. Fund manager commentaries are general in nature and should not be construed as investment advice. Opinions are subject to change with market conditions. Any discussion of specific securities mentioned in the commentaries is neither an offer to sell nor a solicitation to buy these securities. Fund holdings will vary.

    You can lose money by investing in the Fund. Any investment in the Fund should be part of an overall investment program, not a complete program. Commodities are assets that have tangible properties, such as oil, metals, and agriculture. Commodities and commodity-linked derivatives may be affected by overall market movements and other factors that affect the value of a particular industry or commodity, such as weather, disease, embargoes or political or regulatory developments. The value of a commodity-linked derivative is generally based on price movements of a commodity, a commodity futures contract, a commodity index or other economic variables based on the commodity markets. Derivatives use leverage, which may exaggerate a loss. The Fund is subject to the risks associated with its investments in commodity-linked derivatives, risks of investing in wholly owned subsidiary, risk of tracking error, risks of aggressive investment techniques, leverage risk, derivatives risks, counterparty risks, non-diversification risk, credit risk, concentration risk and market risk. The use of commodity-linked derivatives such as swaps, commodity-linked structured notes and futures entails substantial risks, including risk of loss of a significant portion of their principal value, lack of a secondary market, increased volatility, correlation risk, liquidity risk, interest-rate risk, market risk, credit risk, valuation risk and tax risk. Gains and losses from speculative positions in derivatives may be much greater than the derivative’s cost. At any time, the risk of loss of any individual security held by the Fund could be significantly higher than 50% of the security’s value. Investment in commodity markets may not be suitable for all investors. The Fund’s investment in commodity-linked derivative instruments may subject the Fund to greater volatility than investment in traditional securities. For a description of these and other risk considerations, please refer to the Fund’s prospectus, which should be read carefully before you invest. Again, the Fund offers investors exposure to the broad commodity markets, currently, by investing in commodity-linked swaps.

    Investing involves risk, including possible loss of principal. An investor should consider investment objectives, risks, charges and expenses of the investment company carefully before investing. The prospectus and summary prospectus contain this and other information. Please read them carefully before investing.