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RAAX
VanEck Inflation Allocation ETF

Fund Description

VanEck Inflation 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. The Fund primarily allocates to exchange-traded products that provide exposure to inflation fighting real assets including resource assets: commodities, natural resource equities; income assets: REITs, Infrastructure, MLPs; and financial assets: gold, gold mining equities.

 
 

  • Fund Ticker

    RAAX
  • Exchange

    NYSE Arca
  • Administrator

    Van Eck Absolute Return Advisers Corporation
  • Inception Date

    04/09/2018

  as of 02/03/23

  • Total Net Assets

    $134.4M
  • Number of Holdings

    20
  • Options

    No
  • Gross Expense Ratio2

    0.99%
  • Net Expense Ratio/TER2

    0.87%
  • Distribution Frequency

    Annual
  • Next Distribution Date

    12/26/2023

Fund Highlights

  • 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

Trading Information

  • Fund Ticker

    RAAX
  • NAV

    RAAXNV
  • Intraday NAV (IIV)4

    RAAXIV
  • Shares Outstanding

    5,250,000
  • Estimated Cash

    RAAXEU
  • Total Cash

    RAAXTC
  • CUSIP

    92189F130
  • ISIN

    US92189F1306
Source: Bloomberg

Fees and Expenses2

  • Management Fee

    0.50%
  • Other Expenses

    0.13%
  • Acquired Fund Fees and Expenses

    0.36%
  • Gross Expense Ratio

    0.99%
  • Fee Waivers and
    Expense Reimbursement

    -0.12%
  • Net Expense Ratio/TER2

    0.87%

Expenses for RAAX are capped contractually at 0.55% until February 1, 2024. Cap excludes acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses.

Investment Professionals

  • Portfolio Manager for Inflation Allocation Strategy and Municipal Allocation Strategy; Head of the VanEck Quantitative Investment Solutions (QIS) Team
  • Joined VanEck in 2012
  • Prior to VanEck, Director and Portfolio Manager within the UBS Portfolio Strategy Group
  • Previously, sales and client relationship roles at Oppenheimer & Co. and Georgeson, Inc.
  • MBA, Finance, New York University
  • BS, Business Economics, State University of New York College at Cortland
  • Deputy Portfolio Manager for Inflation Allocation Strategy and Municipal Allocation Strategy
  • Joined VanEck in 2007
  • Prior to his current role, served as Settlements Supervisor and Administrator at VanEck
  • BS, Business Administration (concentration in Financial Analysis), State University of New York at Buffalo

Prices as of 02/03/23

NAV/
Market
Price
Volume
30-Day Avg./
Last Trading Day
Daily Change
NAV/
Last Price
YTD Change NAV/
Last Price
Premium/
Discount
30-Day
Median
Bid Ask
Spread
NAV
Chart
RAAX $25.60
$25.66
51,076
42,083
$-0.48 / -1.83%
$-0.43 / -1.65%
+2.96%
+3.47%
$0.06
0.25%
0.31%

Premium/Discount History as of 02/03/23

Calendar Year 2021 1Q 2022 2Q 2022 3Q 2022 4Q 2022 Premium/Discount Charts NAV & Prem/Discount History
RAAX Days closed at a premium 113 44 58 38 26
Days closed at NAV 55 10 1 6 1
Days closed at a discount 84 8 3 20 36

Performance History: Average Annual Total Returns* (%)

  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
04/09/18
RAAX (NAV) 5.77 9.34 5.77 7.72 7.00 -- -- 4.90
RAAX (Share Price) 5.77 8.92 5.77 7.34 6.94 -- -- 4.85
Bloomberg Commodity Index -0.49 -0.27 -0.49 6.20 15.37 -- -- 6.53
  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
04/09/18
RAAX (NAV) -2.84 10.74 1.83 1.83 4.21 -- -- 3.75
RAAX (Share Price) -2.82 10.77 1.53 1.53 4.14 -- -- 3.70
Bloomberg Commodity Index -2.45 2.22 16.09 16.09 12.65 -- -- 6.76

All Holdings (%) as of 02/03/23

Download All Fund Holdings »
Total Holdings: 20
Ticker
Holding Name % of Net
Assets
Identifier (FIGI)
Shares
Asset Class Market Value
(US$)
Notional Value
PIT US
VanEck Commodity Strategy ETF 19.53
BBG01C3FR5N9
538,017
Stock 25,988,535 --
OUNZ US
VanEck Merk Gold Shares 17.19
BBG002WYN8V8
1,265,336
Stock 22,877,275 --
IGF US
iShares Global Infrastructure ETF 12.65
BBG000T1GGF6
351,554
Stock 16,839,437 --
VNQ US
Vanguard Real Estate ETF 7.49
BBG000Q89NG6
108,470
Stock 9,972,732 --
GDX US
VanEck Gold Miners ETF/Usa 6.25
BBG000PLNQN7
274,437
Stock 8,320,930 --
EINC US
VanEck Energy Income ETF 5.51
BBG002QM2M43
116,368
Stock 7,328,892 --
XLE US
Energy Select Sector SPDR Fund 5.29
BBG000BJ20S2
81,875
Stock 7,037,975 --
XOP US
SPDR S&P Oil & Gas Exploration & Produc 4.23
BBG000BGB482
41,713
Stock 5,629,169 --
MOO US
VanEck Agribusiness ETF 3.74
BBG000KJ4073
55,064
Stock 4,977,786 --
OIH US
VanEck Oil Services ETF 3.28
BBG000D02J82
13,821
Stock 4,363,013 --
SLX US
VanEck Steel ETF 3.19
BBG000Q54VZ8
62,556
Stock 4,245,676 --
PAVE US
Global X Us Infrastructure Development 2.80
BBG00G5CR8N0
125,814
Stock 3,731,643 --
PICK US
iShares Msci Global Metals & Mining Pro 2.50
BBG002GKR8T5
73,210
Stock 3,332,519 --
GDXJ US
VanEck Junior Gold Miners ETF 1.97
BBG000PTYMS2
70,959
Stock 2,615,549 --
REMX US
VanEck Rare Earth And Strategic Metals 1.89
BBG0018555F4
26,857
Stock 2,513,815 --
NURE US
Nuveen Short-Term Reit ETF 0.97
BBG00FJ5J003
40,340
Stock 1,296,124 --
IAUF US
iShares Gold Strategy ETF 0.56
BBG00L3F2M50
13,197
Stock 742,199 --
MORT US
VanEck Mortgage Reit Income ETF 0.54
BBG001ZSTN14
51,810
Stock 717,050 --
GLDM US
SPDR Gold MiniShares Trust 0.17
BBG00L8YYP89
5,993
Stock 221,921 --
IAU US
iShares Gold Trust 0.17
BBG000QLKDR4
6,254
Stock 221,204 --
--
Other/Cash 0.10
--
0
Cash 127,265 --
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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 5,250,000. 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.

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