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 equity securities and 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 05 Oct 2026

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Total Holdings: 120

Ticker	Holding Name	% of Net Assets	Identifier (FIGI)	Shares	Asset Class	Market Value (US$)	Notional Value
PIT	VanEck Commodity Strategy ETF	25.19	BBG01C3FR5N9	4,231,013	Stock	345,377,591	--
OUNZ	VanEck Merk Gold Shares	19.13	BBG002WYN8V8	6,595,372	Stock	262,363,898	--
WMB	Williams Cos Inc/The	1.82	BBG000BWVCP8	352,764	Stock	24,979,219	--
TRGP	Targa Resources Corp	1.74	BBG0015XMW40	83,022	Stock	23,860,523	--
KMI	Kinder Morgan Inc	1.70	BBG0019JZ882	741,483	Stock	23,289,981	--
PWR	Quanta Services Inc	1.33	BBG000BBL8V7	26,592	Stock	18,173,505	--
MPC	Marathon Petroleum Corp	1.24	BBG001DCCGR8	39,364	Stock	17,063,113	--
VLO	Valero Energy Corp	1.24	BBG000BBGGQ1	40,435	Stock	16,955,609	--
CSX	Csx Corp	1.17	BBG000BGJRC8	339,603	Stock	16,107,370	--
TRP CN	Tc Energy Corp	1.17	BBG000D07ZQ1	270,199	Stock	16,088,445	--
NEM	Newmont Corp	1.10	BBG000BPWXK1	130,206	Stock	15,080,459	--
PSX	Phillips 66	1.08	BBG00286S4N9	54,775	Stock	14,773,913	--
JCI	Johnson Controls International Plc	0.92	BBG000BVWLJ6	80,220	Stock	12,582,507	--
ALA CN	Altagas Ltd	0.90	BBG000D5BDF6	328,774	Stock	12,379,085	--
WELL	Welltower Inc	0.88	BBG000BKY1G5	53,981	Stock	12,100,381	--
URI	United Rentals Inc	0.88	BBG000BXMFC3	11,231	Stock	12,065,239	--
ABBN SW	Abb Ltd	0.87	BBG000DM2M32	120,686	Stock	11,863,687	--
XOM	Exxon Mobil Corp	0.86	BBG000GZQ728	71,977	Stock	11,804,228	--
CAT	Caterpillar Inc	0.81	BBG000BF0K17	13,136	Stock	11,141,167	--
NSC	Norfolk Southern Corp	0.79	BBG000BQ5DS5	34,127	Stock	10,791,981	--
DTM	Dt Midstream Inc	0.78	BBG0112Z58J3	87,613	Stock	10,699,300	--
PH	Parker-Hannifin Corp	0.76	BBG000BR3KL6	10,660	Stock	10,400,749	--
TT	Trane Technologies Plc	0.75	BBG000BM6788	21,749	Stock	10,238,559	--
KEY CN	Keyera Corp	0.75	BBG000BMT0R7	276,520	Stock	10,232,997	--
AEP	American Electric Power Co Inc	0.74	BBG000BB9KF2	84,831	Stock	10,156,816	--
SLB	Schlumberger Nv	0.69	BBG000BT41Q8	187,653	Stock	9,435,193	--
HWM	Howmet Aerospace Inc	0.68	BBG00DYNJGH9	40,867	Stock	9,381,837	--
ETR	Entergy Corp	0.68	BBG000C1FQS9	92,992	Stock	9,375,453	--
STLD	Steel Dynamics Inc	0.66	BBG000HGYNZ9	37,567	Stock	9,055,150	--
BKR	Baker Hughes Co	0.61	BBG00GBVBK51	144,681	Stock	8,301,796	--
AROC	Archrock Inc	0.60	BBG000RWH1V4	272,494	Stock	8,202,069	--
CRH	Crh Plc	0.60	BBG000D3JXM1	99,197	Stock	8,198,632	--
IBE SM	Iberdrola Sa	0.59	BBG000BC49N1	343,787	Stock	8,090,517	--
FCX	Freeport-Mcmoran Inc	0.58	BBG000BJDB15	109,996	Stock	7,985,710	--
PRY IM	Prysmian Spa	0.58	BBG000R58W81	54,921	Stock	7,886,397	--
NUE	Nucor Corp	0.55	BBG000BQ8KV2	30,056	Stock	7,556,379	--
KGS	Kodiak Gas Services Inc	0.53	BBG01G4G6XV0	135,208	Stock	7,241,740	--
PSA	Public Storage	0.53	BBG000BPPN67	25,681	Stock	7,233,310	--
SHEL	Shell Plc	0.52	BBG0147BN6G2	73,620	Stock	7,105,802	--
AU	Anglogold Ashanti Plc	0.51	BBG01HGVLP51	73,371	Stock	6,932,092	--
DE	Deere & Co	0.49	BBG000BH1NH9	9,866	Stock	6,730,585	--
BAS GR	Basf Se	0.48	BBG000BBVT77	117,563	Stock	6,634,654	--
CENX	Century Aluminum Co	0.48	--	176,366	Stock	6,514,960	--
ATI	Ati Inc	0.46	BBG000LC1FS4	32,932	Stock	6,358,840	--
CVX	Chevron Corp	0.46	BBG000K4ND22	30,699	Stock	6,338,423	--
D	Dominion Energy Inc	0.46	BBG000BGVW60	102,768	Stock	6,270,903	--
AEM	Agnico Eagle Mines Ltd	0.46	BBG000DLVDK3	34,072	Stock	6,246,420	--
TPL	Texas Pacific Land Corp	0.45	BBG00YRJXKB1	17,879	Stock	6,162,355	--
VYLR	Vylor Inc	0.45	BBG024CQR6X9	83,812	Stock	6,145,934	--
VST	Vistra Corp	0.44	BBG00DXDL6Q1	41,717	Stock	6,044,376	--
CCO CN	Cameco Corp	0.44	BBG000BXYMJ8	68,831	Stock	6,031,381	--
XEL	Xcel Energy Inc	0.43	BBG000BCTQ65	82,171	Stock	5,874,405	--
STRL	Sterling Infrastructure Inc	0.42	BBG000JD6TN5	10,978	Stock	5,745,117	--
GEV	Ge Vernova Llc	0.42	BBG013G17W31	5,764	Stock	5,706,360	--
CF	Cf Industries Holdings Inc	0.41	BBG000BWJFZ4	48,878	Stock	5,670,826	--
SIE GR	Siemens Ag	0.40	BBG000BCCRV3	17,765	Stock	5,499,412	--
CRS	Carpenter Technology Corp	0.39	BBG000BGCQT9	13,756	Stock	5,395,103	--
EVRG	Evergy Inc	0.39	BBG00H433CR2	68,213	Stock	5,394,966	--
GE	General Aerospace Co	0.39	BBG000BK6MB5	17,444	Stock	5,343,795	--
KAP LI	Nac Kazatomprom Jsc	0.39	BBG00MJM7K82	82,880	Stock	5,326,680	--
BAYN GR	Bayer Ag	0.38	BBG000BBWDG1	105,665	Stock	5,234,490	--
FIX	Comfort Systems Usa Inc	0.37	BBG000BWN2Y9	2,938	Stock	5,033,000	--
NVT	Nvent Electric Plc	0.36	BBG00GNT7999	29,653	Stock	4,957,092	--
NI	Nisource Inc	0.36	BBG000BPZBB6	123,525	Stock	4,885,414	--
5803 JP	Fujikura Ltd	0.35	BBG000BB8TW5	138,400	Stock	4,859,451	--
BWXT	Bwx Technologies Inc	0.35	BBG000D86F25	35,603	Stock	4,818,866	--
VTR	Ventas Inc	0.35	BBG000FRVHB9	58,406	Stock	4,751,912	--
RTX	Rtx Corp	0.35	BBG000BW8S60	25,747	Stock	4,745,945	--
402340 KS	Sk Square Co Ltd	0.33	BBG011CLDZ86	5,129	Stock	4,517,062	--
BHP	Bhp Group Ltd	0.32	BBG000BD5NZ4	51,251	Stock	4,450,124	--
DML CN	Denison Mines Corp	0.32	BBG000BVXRC9	1,688,006	Stock	4,444,148	--
ENR GR	Siemens Energy Ag	0.32	BBG00XLWSW57	26,956	Stock	4,424,084	--
POWL	Powell Industries Inc	0.32	--	22,094	Stock	4,371,077	--
6503 JP	Mitsubishi Electric Corp	0.32	BBG000BGHX91	128,300	Stock	4,365,625	--
FRES LN	Fresnillo Plc	0.31	BBG000VH0TC0	117,758	Stock	4,270,624	--
AGX	Argan Inc	0.31	BBG000K4J3T0	10,893	Stock	4,223,652	--
UEC	Uranium Energy Corp	0.30	BBG000LCK3Q2	443,644	Stock	4,148,071	--
MTZ	Mastec Inc	0.30	BBG000DYXD23	18,603	Stock	4,081,498	--
010120 KS	Ls Industrial Systems Co Ltd	0.29	--	25,373	Stock	3,976,041	--
BE	Bloom Energy Corp	0.28	BBG000N7KBZ3	13,552	Stock	3,884,681	--
NWPX	Nwpx Infrastructure Inc	0.26	BBG000FLVLF9	33,942	Stock	3,584,275	--
EFR CN	Energy Fuels Inc/Canada	0.26	BBG000BXQSW9	331,714	Stock	3,584,146	--
VRT	Vertiv Holdings Co	0.26	BBG00L2B8KW8	13,955	Stock	3,539,267	--
OKLO	Oklo Inc	0.25	BBG0112CBLW3	95,557	Stock	3,437,185	--
GMEXICOB MM	Grupo Mexico Sab De Cv	0.25	BBG000BQC9K4	264,085	Stock	3,429,467	--
ESS	Essex Property Trust Inc	0.25	BBG000CGJMB9	12,606	Stock	3,427,950	--
DY	Dycom Industries Inc	0.24	--	12,189	Stock	3,344,783	--
PAGP	Plains Gp Holdings Lp	0.23	BBG000TBYFR3	118,890	Stock	3,112,540	--
OHI	Omega Healthcare Investors Inc	0.22	BBG000BGBTC2	67,445	Stock	3,059,305	--
SUI	Sun Communities Inc	0.21	BBG000BLJWF3	26,231	Stock	2,933,675	--
298040 KS	Hyosung Heavy Industries Corp	0.21	--	1,370	Stock	2,855,542	--
KGC	Kinross Gold Corp	0.21	BBG000BB2DM7	120,702	Stock	2,846,153	--
RIO AU	Rio Tinto Ltd	0.20	BBG000BYLWT7	23,548	Stock	2,738,146	--
DSV CN	Discovery Mining Ltd	0.20	BBG000BS3HY7	317,726	Stock	2,721,422	--
LUN CN	Lundin Mining Corp	0.18	BBG000K1XDF3	100,914	Stock	2,486,805	--
5801 JP	Furukawa Electric Co Ltd	0.18	BBG000BB67V6	89,600	Stock	2,483,305	--
MYRG	Myr Group Inc/Delaware	0.18	--	8,198	Stock	2,481,125	--
PAAS	Pan American Silver Corp	0.18	BBG000C0RGY3	54,371	Stock	2,464,094	--
ENB CN	Enbridge Inc	0.18	BBG000C7P7N2	52,999	Stock	2,442,787	--
CTRE	Caretrust REIT Inc	0.18	BBG005KC4Z70	66,724	Stock	2,415,409	--
IAG	Iamgold Corp	0.17	BBG000LL9LQ5	125,330	Stock	2,311,085	--
5802 JP	Sumitomo Electric Industries Ltd	0.16	BBG000BLBD45	143,800	Stock	2,243,555	--
GMIN CN	G Mining Ventures Corp	0.16	BBG01NT389N7	65,210	Stock	2,225,935	--
PE&OLES* MM	Industrias Penoles Sab De Cv	0.15	BBG000LXSKQ0	41,944	Stock	2,057,937	--
AG	First Majestic Silver Corp	0.14	BBG000CH7WB8	112,338	Stock	1,967,038	--
ARIS CN	Aris Mining Corp	0.14	BBG000CXNF22	107,626	Stock	1,895,082	--
OGC CN	Oceanagold Corp	0.14	BBG000RG1PM3	70,951	Stock	1,893,886	--
DHC	Diversified Healthcare Trust	0.14	BBG000BM2GS0	250,087	Stock	1,885,656	--
3750 HK	Contemporary Amperex Technology Co Ltd	0.13	BBG01TYB8S12	29,600	Stock	1,826,987	--
ENLT IT	Enlight Renewable Energy Ltd	0.13	BBG000NQKK36	25,883	Stock	1,718,650	--
NXT	Nextpower Inc	0.12	BBG00835TPZ2	19,908	Stock	1,651,767	--
UAMY	United States Antimony Corp	0.11	BBG000F3M1Q1	374,768	Stock	1,480,334	--
NGL	Ngl Energy Partners Lp	0.09	BBG001J1BNY4	75,300	Stock	1,185,975	--
CTVA	Corteva Inc	0.08	BBG00BN969C1	83,812	Stock	1,038,431	--
GLDM	SPDR Gold MiniShares Trust	0.04	BBG00L8YYP89	5,936	Stock	486,158	--
IAU	iShares Gold Trust	0.04	BBG000QLKDR4	6,194	Stock	482,017	--
-USD CASH-	--	1.06	--	14,557,068	Cash Bal	14,557,068	--
-KRW CASH-	--	0.00	--	1,066	Cash Bal	1	--
-EUR CASH-	--	0.00	--	490	Cash Bal	549	--
-CAD CASH-	--	0.00	--	0	Cash Bal	0	--
--	Other/Cash	-0.10	--	0	Cash	-1,423,967	--

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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 33,750,000. 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