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Related ETFs

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VanEck Vectors Natural Resources ETF
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FRAK
VanEck Vectors Unconventional Oil & Gas ETF

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 or all 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

  • Commencement

    04/09/2018

 
as of 04/08/20

  • 30-Day SEC Yield1

    2.69%

  • Total Net Assets

    $18.1M

  • Number of Holdings

    4

  • Options

    Expected

  • Gross Expense Ratio2

    1.13%

  • Net Expense Ratio/TER2

    0.75%

  • Distribution Frequency

    Annual

  • Next Distribution Date

    12/28/20

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 100% to cash during market stress.

  • Optimized allocation process provides exposure to segments with positive expected returns while managing overall portfolio risk and drawdowns.

Trading Information

  • Fund Ticker

    RAAX

  • NAV

    RAAXNV

  • Intraday NAV (IIV)4

    RAAXIV

  • Shares Outstanding

    950,000

  • 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 04/08/20

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 $19.10
$19.12		 20,976
10,763		 -$0.05 / -0.27%
$-0.04 / -0.21%		 -25.74%
-25.67%
 $0.01
0.07%		 0.51%

Premium/Discount History as of 04/08/20

Calendar Year 2019 2Q 2019 3Q 2019 4Q 2019 1Q 2020 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 176 55 51 26 36
RAAX Days closed at NAV 38 3 7 14 9
Days closed at a discount 38 5 6 24 17

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) -17.83 -25.77 -25.77 -22.48 -- -- -- -11.78
RAAX (Share Price) -17.54 -25.58 -25.58 -22.37 -- -- -- -11.67
Bloomberg Commodity Index -12.81 -23.29 -23.29 -22.31 -- -- -- -14.66
Blended Real Asset Index -17.20 -27.74 -27.74 -24.01 -- -- -- -12.10
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
04/09/18
RAAX (NAV) -17.83 -25.77 -25.77 -22.48 -- -- -- -11.78
RAAX (Share Price) -17.54 -25.58 -25.58 -22.37 -- -- -- -11.67
Bloomberg Commodity Index -12.81 -23.29 -23.29 -22.31 -- -- -- -14.66
Blended Real Asset Index -17.20 -27.74 -27.74 -24.01 -- -- -- -12.10

*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 "Net Asset Value" (NAV) of a VanEck Vectors Exchange Traded Fund (ETF) is determined at the close of each business day, and represents the dollar value of one share of the fund; it is calculated by taking the total assets of the fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV is not necessarily the same as the ETF's intraday trading value. VanEck Vectors ETF investors should not expect to buy or sell shares 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 04/07/20 Download All Fund Holdings »

Total Holdings: 4
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to view
full data
Ticker
Holding Name
Identifier (FIGI)
Shares Asset Class Market Value
(US$) 		% of Net
Assets
912796UA5
United States Treasury Bill
BBG00R4RS8V4
14,459,000
Bond 14,455,742 79.43
GLDM US
SPDR Gold MiniShares Trust
BBG00L8YYP89
134,095
Stock 2,221,954 12.21
IAU US
iShares Gold Trust
BBG000QLKDR4
139,903
Stock 2,221,660 12.21
--
Other/Cash
--
--
Cash -700,396 -3.85
     
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 950,000. 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.