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RAAX
VanEck Vectors Real Asset Allocation ETF

RAAX - ETF.com's Best New Alternative ETF

Fund Description

VanEck Vectors® Real Asset Allocation ETF (the "Fund") seeks long-term total return. In pursuing long-term total return, the Fund seeks to maximize real returns while seeking to reduce downside risk during sustained market declines by allocating primarily to exchange-traded products that provide exposure to real assets, which include commodities, real estate, natural resources, and infrastructure. The Fund seeks to reduce downside risk by using a rules-based approach to determine when to allocate a portion of the Fund's assets to cash and cash equivalents.

 
 

  • Fund Ticker

    RAAX

  • Exchange

    NYSE Arca

  • Administrator

    Van Eck Absolute Return Advisers Corporation

  • Custodian

    State Street Bank and Trust Company

 
as of 09/21/20

  • 30-Day SEC Yield1

    1.93%

  • Total Net Assets

    $9.2M

  • Number of Holdings

    15

  • Options

    Expected

  • Gross Expense Ratio2

    1.13%

  • Net Expense Ratio/TER2

    0.75%

  • Distribution Frequency

    Annual

Key Points

  • Comprehensive allocation strategy that invests across commodities, natural resources equities, REITs, MLPs, and infrastructure.

  • Seeks to reduce volatility by responding to changing market environments including the ability to allocate to cash during market stress.

  • Optimized allocation process considers various inputs to select real asset investments to manage overall portfolio risk and maintain real asset exposure across all market environments.

Trading Information

  • Fund Ticker

    RAAX

  • NAV

    RAAXNV

  • Intraday NAV (IIV)4

    RAAXIV

  • Shares Outstanding

    450,000

  • Estimated Cash

    RAAXEU

  • Total Cash

    RAAXTC

  • CUSIP

    92189F130

  • ISIN

    US92189F1306
Source: Bloomberg

Fees and Expenses2

  • Management Fee

    0.50%

  • Other Expenses

    0.43%

  • Acquired Fund Fees and Expenses

    0.20%

  • Gross Expense Ratio

    1.13%

  • Fee Waivers and
    Expense Reimbursement

    -0.38%

  • Net Expense Ratio/TER2

    0.75%
2Expenses for RAAX are capped contractually at 0.55% until February 1, 2021. Cap excludes acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses.

Prices as of 09/21/20

NAV/
Market Price 		Volume
30-Day Avg./
Last Trading Day 		Daily Change
NAV/
Last Price 		YTD Change
NAV/
Last Price 		Premium/
Discount 		Prem/Discount
Distribution Charts 		NAV &
Prem/Discount
History 		30-Day
Median
Bid Ask
Spread 		NAV
Chart
RAAX $20.36
$20.31		 2,070
367		 -$0.59 / -2.80%
$-0.61 / -2.92%		 -20.87%
-21.04%
 $-0.05
-0.23%		 0.24%

Premium/Discount History as of 09/21/20

Calendar Year 2019 3Q 2019 4Q 2019 1Q 2020 2Q 2020 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 176 51 26 36 9
RAAX Days closed at NAV 38 7 14 9 6
Days closed at a discount 38 6 24 17 48

Performance History: Average Annual Total Returns* (%)
View All ETFs

1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
04/09/18
RAAX (NAV) 2.30 9.75 -17.48 -13.91 -- -- -- -5.75
RAAX (Share Price) 2.51 9.78 -17.50 -14.00 -- -- -- -5.76
Bloomberg Commodity Index 6.76 15.43 -9.04 -3.90 -- -- -- -5.76
Blended Real Asset Index 4.72 11.38 -10.82 -4.20 -- -- -- -1.89
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
04/09/18
RAAX (NAV) 0.66 1.95 -24.32 -21.90 -- -- -- -9.75
RAAX (Share Price) 1.03 2.04 -24.07 -21.75 -- -- -- -9.62
Bloomberg Commodity Index 2.28 5.08 -19.40 -17.38 -- -- -- -11.17
Blended Real Asset Index 1.63 12.69 -18.57 -15.31 -- -- -- -5.93

*Returns less than one year are not annualized.

On January 31, 2020, the Bloomberg Commodity Index replaced the Blended Real Asset Index as the Fund’s broad-based benchmark index. The Fund changed its index as it believes the Bloomberg Commodity Index is more representative of broad commodities exposure.

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 ETF incurred all expenses and fees, investment returns would have been reduced. Investment returns and ETF share values will fluctuate so that investors' shares, when redeemed, may be worth more or less than their original cost. ETF returns assume that distributions have been reinvested in the Fund at NAV.

The Blended Real Asset Index is calculated by VanEck and comprises an equally weighted blend of the returns of Bloomberg Commodity Index, S&P Real Assets Equity Index, and VanEck® Natural Resources Index. Equal weightings are reset monthly.

All benchmark 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. Benchmark indices are not securities in which investments can be made.

All Holdings (%) as of 09/21/20 Download All Fund Holdings »

Total Holdings: 15
Ticker
Holding Name
Identifier (FIGI)
Shares Asset Class Market Value
(US$) 		% of Net
Assets
PDBC US
Invesco Optimum Yield Diversified Commo
BBG007HL81C5
187,503
Stock 2,570,666 28.06
GLDM US
SPDR Gold MiniShares Trust
BBG00L8YYP89
59,199
Stock 1,127,741 12.31
IAU US
iShares Gold Trust
BBG000QLKDR4
61,796
Stock 1,125,923 12.29
GDX US
VanEck Vectors Gold Miners ETF
BBG000PLNQN7
12,085
Stock 483,219 5.28
IGF US
iShares Global Infrastructure ETF
BBG000T1GGF6
11,354
Stock 435,539 4.75
VNQ US
Vanguard Real Estate ETF
BBG000Q89NG6
5,514
Stock 428,714 4.68
EINC US
VanEck Vectors Energy Income ETF
BBG002QM2M43
11,807
Stock 421,896 4.61
SMOG US
VanEck Vectors Low Carbon Energy ETF
BBG000R18YM0
3,528
Stock 364,147 3.98
KOL US
VanEck Vectors Coal ETF
BBG000V32R51
4,483
Stock 351,469 3.84
SLX US
VanEck Vectors Steel ETF
BBG000Q54VZ8
11,053
Stock 340,806 3.72
PICK US
iShares Msci Global Metals & Mining Pro
BBG002GKR8T5
12,277
Stock 337,372 3.68
MOO US
VanEck Vectors Agribusiness ETF
BBG000KJ4073
5,036
Stock 335,394 3.66
XLE US
Energy Select Sector SPDR Fund
BBG000BJ20S2
9,103
Stock 291,023 3.18
FRAK US
VanEck Vectors Unconventional Oil & Gas
BBG002N8R5N6
4,785
Stock 282,459 3.08
OIH US
VanEck Vectors Oil Services ETF
BBG000D02J82
2,499
Stock 267,334 2.92
--
Other/Cash
--
--
Cash -3,065 -0.03
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These are not recommendations to buy or to sell any security. Securities and holdings will vary at times. The holdings presented reflect unsettled trade activity from creation and/or redemption transactions from the prior business day and may differ from the holdings information used to calculate the Fund's net asset value. The adjusted shares outstanding is 450,000. This includes any changes in shares outstanding due to creations or redemptions on the previous business day, and may differ from the information used to calculate the fund's net asset value.