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Daily Price as of 02/24/21

NAV DAILY CHANGE
$5.46 $0.07 / +1.3%

Class I Details: COMIX

INCEPTION DATE GROSS/NET EXPENSES1
0.97%/0.65%

Fund Summary and Key Points

The VanEck CM Commodity Index Fund (the "Fund") seeks to track, before fees and expenses, the UBS Bloomberg Constant Maturity Commodity Index (the “CMCI”). 

  • CMCI is a next-generation commodity index diversified across maturities, minimizing its exposure to the front end of the futures curves
  • By spreading its exposure across multiple maturities and maintaining a constant maturity per commodity, CMCI seeks to mitigate the impacts of negative roll yield in contango environments
  • Diversified across five commodity sectors and 29 commodity components; energy allocation typically around 35%
  • In contrast with many “enhanced” commodity funds, offers “pure” commodity exposure by investing in commodity-linked derivative instruments and more conservative fixed income securities, such as U.S. Treasury Bills

Fund Details
as of 01/31/21

  • Net Assets (All Classes)
    $446.7M
  • Number of Commodity Sectors
    5
  • Number of Commodity Components
    29
  • Avg. Weighted Contract Maturity
    6.5 Months
  • Benchmark Index
    UBS Bloomberg Constant Maturity Commodity Index (CMCI)

Making the Investment Case for CMCI

Investment Approach

  • The VanEck CM Commodity Index Fund is a passively-managed mutual fund that seeks to track the CMCI by primarily investing in commodity-linked derivative instruments and conservatively-managed fixed income instruments.

    • The Fund may invest in instruments linked to the value of a particular commodity or commodity futures contract, or a subset of commodities or commodity futures contracts, through a wholly owned subsidiary of the Fund formed in the Cayman Islands.
       

Performance History: Average Annual Total Returns* (%)

1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
(12/31/10)
VanEck CM Commodity Index Fund: Class I
At Net Asset Value 2.93 18.30 2.93 12.36 -0.20 5.16 -4.55 -4.20
UBS Bloomberg CMCI Index2 3.06 18.55 3.06 13.26 0.75 6.26 -3.53 -3.17
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
(12/31/10)
VanEck CM Commodity Index Fund: Class I
At Net Asset Value 4.85 13.03 1.51 1.51 -0.70 3.82 -4.51 -4.51
UBS Bloomberg CMCI Index2 4.85 13.32 2.31 2.31 0.28 4.92 -3.49 -3.49

CMCI Target Sector Weightings (%): Overview as of 2020-2021

Sector % OF NET ASSETS
Energy
31.8
Agriculture
30.2
Industrial Metals
25.7
Precious Metals
7.7
Livestock
4.7