Allocating to real assets is one way that investors can position their portfolios for a prolonged inflationary environment, as real assets have historically performed well in prior periods of high inflation. VanEck Real Assets ETF (RAAX®) seeks to be a one-stop, diversified and risk managed solution to access the inflation protection of real assets.

RAAX - VanEck Real Assets ETF | Holdings & Performance

RAAX

VanEck Real Assets ETF

RAAX

VanEck Real Assets ETF

VanEck Real Assets 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. The Fund primarily allocates to exchange-traded products that provide exposure to real assets including resource assets: commodities, natural resource equities; income assets: REITs, Infrastructure, MLPs; and gold, which includes gold mining equities.

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Why RAAX

Exposure to key inflation fighting assets

Adapts to a wide variety of inflationary regimes

Responds to changing risk environment

No K-1s – Access to real assets without burdensome K-1 tax reporting

Performance

Fees

Holdings

All Holdings (%) as of 14 Aug 2026

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Total Holdings: 118

Ticker	Holding Name	% of Net Assets	Identifier (FIGI)	Shares	Asset Class	Market Value (US$)	Notional Value
PIT	VanEck Commodity Strategy ETF	22.85	BBG01C3FR5N9	3,817,250	Stock	290,263,690	--
OUNZ	VanEck Merk Gold Shares	19.39	BBG002WYN8V8	5,856,521	Stock	246,383,838	--
WMB	Williams Cos Inc/The	1.88	BBG000BWVCP8	318,317	Stock	23,937,438	--
PWR	Quanta Services Inc	1.74	BBG000BBL8V7	32,294	Stock	22,146,579	--
KMI	Kinder Morgan Inc	1.73	BBG0019JZ882	668,998	Stock	21,956,514	--
TRGP	Targa Resources Corp	1.63	BBG0015XMW40	74,909	Stock	20,659,153	--
CSX	Csx Corp	1.41	BBG000BGJRC8	356,336	Stock	17,873,814	--
NEM	Newmont Corp	1.09	BBG000BPWXK1	117,438	Stock	13,829,499	--
TRP CN	Tc Energy Corp	1.02	BBG000D07ZQ1	203,344	Stock	13,017,122	--
MPC	Marathon Petroleum Corp	0.99	BBG001DCCGR8	35,507	Stock	12,619,898	--
VLO	Valero Energy Corp	0.98	BBG000BBGGQ1	36,445	Stock	12,452,163	--
URI	United Rentals Inc	0.92	BBG000BXMFC3	10,167	Stock	11,730,990	--
PH	Parker-Hannifin Corp	0.91	BBG000BR3KL6	10,947	Stock	11,558,390	--
PSX	Phillips 66	0.91	BBG00286S4N9	49,455	Stock	11,553,183	--
HWM	Howmet Aerospace Inc	0.90	BBG00DYNJGH9	39,717	Stock	11,485,362	--
ALA CN	Altagas Ltd	0.90	BBG000D5BDF6	296,588	Stock	11,464,351	--
WELL	Welltower Inc	0.90	BBG000BKY1G5	48,661	Stock	11,460,639	--
DTM	Dt Midstream Inc	0.85	BBG0112Z58J3	79,101	Stock	10,828,927	--
KEY CN	Keyera Corp	0.83	BBG000BMT0R7	249,521	Stock	10,569,069	--
XOM	Exxon Mobil Corp	0.81	BBG000GZQ728	64,928	Stock	10,328,097	--
CAT	Caterpillar Inc	0.80	BBG000BF0K17	11,806	Stock	10,112,665	--
TT	Trane Technologies Plc	0.78	BBG000BM6788	20,748	Stock	9,963,190	--
ABBN SW	Abb Ltd	0.77	BBG000DM2M32	96,089	Stock	9,805,991	--
CRS	Carpenter Technology Corp	0.76	BBG000BGCQT9	17,649	Stock	9,611,469	--
AGX	Argan Inc	0.73	BBG000K4J3T0	16,087	Stock	9,301,825	--
ATI	Ati Inc	0.73	BBG000LC1FS4	40,438	Stock	9,239,274	--
SLB	Schlumberger Nv	0.72	BBG000BT41Q8	169,299	Stock	9,103,207	--
GEV	Ge Vernova Llc	0.72	BBG013G17W31	8,551	Stock	9,091,851	--
5803 JP	Fujikura Ltd	0.70	BBG000BB8TW5	248,100	Stock	8,874,409	--
STLD	Steel Dynamics Inc	0.68	BBG000HGYNZ9	33,843	Stock	8,656,024	--
AROC	Archrock Inc	0.67	BBG000RWH1V4	245,894	Stock	8,530,063	--
BKR	Baker Hughes Co	0.67	BBG00GBVBK51	130,583	Stock	8,464,390	--
PRY IM	Prysmian Spa	0.65	BBG000R58W81	55,907	Stock	8,283,130	--
STRL	Sterling Infrastructure Inc	0.65	BBG000JD6TN5	14,360	Stock	8,278,253	--
NSC	Norfolk Southern Corp	0.65	BBG000BQ5DS5	24,511	Stock	8,196,724	--
KGS	Kodiak Gas Services Inc	0.62	BBG01G4G6XV0	122,041	Stock	7,915,579	--
JCI	Johnson Controls International Plc	0.62	BBG000BVWLJ6	51,043	Stock	7,842,247	--
PSA	Public Storage	0.59	BBG000BPPN67	23,154	Stock	7,546,583	--
CENX	Century Aluminum Co	0.59	--	159,076	Stock	7,432,031	--
NWPX	Nwpx Infrastructure Inc	0.58	BBG000FLVLF9	63,841	Stock	7,415,771	--
NUE	Nucor Corp	0.57	BBG000BQ8KV2	27,130	Stock	7,295,528	--
FIX	Comfort Systems Usa Inc	0.57	BBG000BWN2Y9	4,082	Stock	7,241,713	--
MTZ	Mastec Inc	0.57	BBG000DYXD23	24,320	Stock	7,237,389	--
DY	Dycom Industries Inc	0.52	--	15,752	Stock	6,601,191	--
FCX	Freeport-Mcmoran Inc	0.52	BBG000BJDB15	99,223	Stock	6,597,337	--
AEP	American Electric Power Co Inc	0.51	BBG000BB9KF2	51,557	Stock	6,475,559	--
AU	Anglogold Ashanti Plc	0.50	BBG01HGVLP51	66,189	Stock	6,374,001	--
D	Dominion Energy Inc	0.50	BBG000BGVW60	92,660	Stock	6,372,228	--
CCO CN	Cameco Corp	0.48	BBG000BXYMJ8	62,048	Stock	6,060,180	--
ETR	Entergy Corp	0.46	BBG000C1FQS9	54,751	Stock	5,904,348	--
XEL	Xcel Energy Inc	0.46	BBG000BCTQ65	74,191	Stock	5,873,701	--
CTVA	Corteva Inc	0.46	BBG00BN969C1	75,566	Stock	5,794,401	--
TPL	Texas Pacific Land Corp	0.46	BBG00YRJXKB1	16,150	Stock	5,790,098	--
GE	General Aerospace Co	0.46	BBG000BK6MB5	15,715	Stock	5,789,092	--
POWL	Powell Industries Inc	0.45	--	26,951	Stock	5,753,499	--
AEM	Agnico Eagle Mines Ltd	0.45	BBG000DLVDK3	30,747	Stock	5,733,086	--
RTX	Rtx Corp	0.45	BBG000BW8S60	25,660	Stock	5,721,410	--
VST	Vistra Corp	0.44	BBG00DXDL6Q1	37,594	Stock	5,568,799	--
BWXT	Bwx Technologies Inc	0.44	BBG000D86F25	32,145	Stock	5,568,157	--
CVX	Chevron Corp	0.44	BBG000K4ND22	27,640	Stock	5,528,000	--
KAP LI	Nac Kazatomprom Jsc	0.43	BBG00MJM7K82	74,825	Stock	5,449,243	--
DE	Deere & Co	0.43	BBG000BH1NH9	8,935	Stock	5,440,075	--
CRH	Crh Plc	0.42	BBG000D3JXM1	55,180	Stock	5,360,737	--
SIE GR	Siemens Ag	0.42	BBG000BCCRV3	16,036	Stock	5,273,389	--
BAYN GR	Bayer Ag	0.42	BBG000BBWDG1	95,291	Stock	5,272,162	--
CF	Cf Industries Holdings Inc	0.41	BBG000BWJFZ4	44,090	Stock	5,215,847	--
EVRG	Evergy Inc	0.41	BBG00H433CR2	61,563	Stock	5,173,139	--
DML CN	Denison Mines Corp	0.39	BBG000BVXRC9	1,522,953	Stock	4,904,788	--
VTR	Ventas Inc	0.38	BBG000FRVHB9	52,687	Stock	4,821,914	--
NI	Nisource Inc	0.37	BBG000BPZBB6	111,422	Stock	4,735,435	--
IBE SM	Iberdrola Sa	0.37	BBG000BC49N1	201,667	Stock	4,722,139	--
NVT	Nvent Electric Plc	0.36	BBG00GNT7999	26,727	Stock	4,580,741	--
ENR GR	Siemens Energy Ag	0.36	BBG00XLWSW57	24,296	Stock	4,540,346	--
EFR CN	Energy Fuels Inc/Canada	0.36	BBG000BXQSW9	299,262	Stock	4,514,965	--
UEC	Uranium Energy Corp	0.35	BBG000LCK3Q2	400,286	Stock	4,487,206	--
FRES LN	Fresnillo Plc	0.33	BBG000VH0TC0	106,187	Stock	4,143,914	--
BHP	Bhp Group Ltd	0.32	BBG000BD5NZ4	46,197	Stock	4,008,976	--
SHEL	Shell Plc	0.31	BBG0147BN6G2	43,012	Stock	3,891,296	--
OKLO	Oklo Inc	0.30	BBG0112CBLW3	86,247	Stock	3,827,642	--
402340 KS	Sk Square Co Ltd	0.29	BBG011CLDZ86	4,637	Stock	3,727,439	--
VRT	Vertiv Holdings Co	0.29	BBG00L2B8KW8	12,625	Stock	3,709,730	--
010120 KS	Ls Industrial Systems Co Ltd	0.26	--	23,036	Stock	3,333,186	--
ESS	Essex Property Trust Inc	0.26	BBG000CGJMB9	11,409	Stock	3,280,316	--
GMEXICOB MF	Grupo Mexico Sab De Cv	0.24	BBG000BQC9K4	236,199	Stock	3,026,176	--
KGC	Kinross Gold Corp	0.23	BBG000BB2DM7	108,865	Stock	2,973,103	--
SUI	Sun Communities Inc	0.23	BBG000BLJWF3	23,704	Stock	2,922,466	--
OHI	Omega Healthcare Investors Inc	0.22	BBG000BGBTC2	60,795	Stock	2,828,791	--
BE	Bloom Energy Corp	0.22	BBG000N7KBZ3	12,222	Stock	2,810,327	--
PAGP	Plains Gp Holdings Lp	0.22	BBG000TBYFR3	107,319	Stock	2,773,123	--
298040 KS	Hyosung Heavy Industries Corp	0.20	--	1,247	Stock	2,583,830	--
RIO AU	Rio Tinto Ltd	0.20	BBG000BYLWT7	21,287	Stock	2,526,251	--
MYRG	Myr Group Inc/Delaware	0.19	--	7,400	Stock	2,474,486	--
ENB CN	Enbridge Inc	0.19	BBG000C7P7N2	47,812	Stock	2,432,368	--
3750 HK	Contemporary Amperex Technology Co Ltd	0.19	BBG01TYB8S12	29,600	Stock	2,424,948	--
DSV CN	Discovery Silver Corp	0.19	BBG000BS3HY7	286,604	Stock	2,349,907	--
CTRE	Caretrust REIT Inc	0.18	BBG005KC4Z70	60,207	Stock	2,334,225	--
PAAS	Pan American Silver Corp	0.18	BBG000C0RGY3	49,051	Stock	2,325,998	--
LUN CN	Lundin Mining Corp	0.18	BBG000K1XDF3	91,072	Stock	2,317,564	--
6503 JP	Mitsubishi Electric Corp	0.17	BBG000BGHX91	56,800	Stock	2,192,542	--
GMIN CN	G Mining Ventures Corp	0.17	BBG01NT389N7	58,826	Stock	2,118,321	--
IAG	Iamgold Corp	0.16	BBG000LL9LQ5	113,094	Stock	2,069,620	--
ENLT IT	Enlight Renewable Energy Ltd	0.16	BBG000NQKK36	23,356	Stock	1,995,082	--
5801 JP	Furukawa Electric Co Ltd	0.15	BBG000BB67V6	76,300	Stock	1,956,733	--
AG	First Majestic Silver Corp	0.15	BBG000CH7WB8	101,299	Stock	1,951,019	--
5802 JP	Sumitomo Electric Industries Ltd	0.15	BBG000BLBD45	130,500	Stock	1,950,102	--
PE&OLES* MF	Industrias Penoles Sab De Cv	0.15	BBG000LXSKQ0	37,954	Stock	1,897,399	--
DHC	Diversified Healthcare Trust	0.15	BBG000BM2GS0	225,615	Stock	1,890,654	--
UAMY	United States Antimony Corp	0.15	BBG000F3M1Q1	338,060	Stock	1,862,711	--
OGC CN	Oceanagold Corp	0.14	BBG000RG1PM3	64,035	Stock	1,833,460	--
NXT	Nextracker Inc	0.14	BBG00835TPZ2	17,913	Stock	1,817,632	--
ARIS CN	Aris Mining Corp	0.14	BBG000CXNF22	97,119	Stock	1,736,729	--
NGL	Ngl Energy Partners Lp	0.11	BBG001J1BNY4	75,300	Stock	1,353,141	--
GLDM	SPDR Gold MiniShares Trust	0.04	BBG00L8YYP89	5,936	Stock	513,939	--
IAU	iShares Gold Trust	0.04	BBG000QLKDR4	6,194	Stock	509,642	--
-USD CASH-	--	0.46	--	5,825,470	Cash Bal	5,825,470	--
-KRW CASH-	--	0.00	--	803	Cash Bal	1	--
-EUR CASH-	--	0.00	--	280	Cash Bal	324	--
-CAD CASH-	--	0.00	--	0	Cash Bal	0	--
--	Other/Cash	0.02	--	0	Cash	308,207	--

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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 30,675,000. 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.

Portfolio

Distributions

Distribution History

Year	Ex-date	Record Date	Payable date	Dividend Income^‡	Short-Term Capital Gains	Long-Term Capital Gains	Return of Capital	Total Distributions
2025	12/29/2025	12/29/2025	12/31/2025	$ 0.8163	--	--	--	$ 0.82
2024	12/27/2024	12/27/2024	12/30/2024	$ 0.5397	--	--	--	$ 0.54
2023	12/27/2023	12/28/2023	12/29/2023	$ 0.9357	--	--	--	$ 0.94
2022	12/28/2022	12/29/2022	12/30/2022	$ 0.3784	--	--	--	$ 0.38
2021	12/29/2021	12/30/2021	12/31/2021	$ 2.1633	--	--	--	$ 2.16
2020	12/29/2020	12/30/2020	01/05/2021	$ 1.3920	--	--	--	$ 1.39
2019	12/23/2019	12/24/2019	12/30/2019	$ 0.6087	--	--	--	$ 0.61
2018	12/20/2018	12/21/2018	12/27/2018	$ 0.1390	--	--	--	$ 0.14

^‡All registered investment companies are obliged to distribute portfolio gains to shareholders at yearend regardless of performance. Trading VanEck ETFs 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 ETFs 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