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RAAXVanEck 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, bitcoin.
-
Fund Ticker
RAAX -
Exchange
NYSE Arca -
Administrator
Van Eck Absolute Return Advisers Corporation -
Custodian
State Street Bank and Trust Company -
Inception Date
04/09/2018
as of 05/19/22
-
30-Day SEC Yield1
10.49% -
Total Net Assets
$115.1M -
Number of Holdings
21 -
Options
No -
Gross Expense Ratio2
1.78% -
Net Expense Ratio/TER2
0.74% -
Distribution Frequency
Annual -
Next Distribution Date
12/27/2022
Key Points
- 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
4,350,000 -
Estimated Cash
RAAXEU -
Total Cash
RAAXTC -
CUSIP
92189F130 -
ISIN
US92189F1306
Fees and Expenses2
-
Management Fee
0.50% -
Other Expenses
1.10% -
Acquired Fund Fees and Expenses
0.18% -
Gross Expense Ratio
1.78% -
Fee Waivers and
-1.04%
Expense Reimbursement -
Net Expense Ratio/TER2
0.74%
2Expenses for RAAX are capped contractually at 0.55% until February 1, 2023. Cap excludes acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses.
Investment Professionals
David Schassler
- 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
John Lau
- 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
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) | -3.17 | 9.27 | 9.26 | 17.98 | 8.61 | -- | -- | 6.22 |
RAAX (Share Price) | -3.38 | 9.47 | 9.52 | 18.31 | 8.69 | -- | -- | 6.29 |
Bloomberg Commodity Index | 4.14 | 20.19 | 30.75 | 43.53 | 17.87 | -- | -- | 11.13 |
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR |
LIFE 04/09/18 |
|
---|---|---|---|---|---|---|---|---|
RAAX (NAV) | 7.47 | 12.84 | 12.84 | 26.71 | 9.41 | -- | -- | 7.21 |
RAAX (Share Price) | 7.91 | 13.35 | 13.35 | 27.29 | 9.56 | -- | -- | 7.35 |
Bloomberg Commodity Index | 8.65 | 25.55 | 25.55 | 49.25 | 16.12 | -- | -- | 10.25 |
All Holdings (%) as of 05/18/22 Download All Fund Holdings »
Ticker
|
Holding Name | % of Net Assets |
Identifier (FIGI)
|
Shares | Asset Class |
Market Value (US$) |
---|---|---|---|---|---|---|
PDBC US
|
Invesco Optimum Yield Diversified Commo | 23.55 |
BBG007HL81C5
|
1,437,334
|
Stock | 26,835,026 |
OUNZ US
|
VanEck Merk Gold Shares | 14.57 |
BBG002WYN8V8
|
940,807
|
Stock | 16,595,835 |
VNQ US
|
Vanguard Real Estate ETF | 10.68 |
BBG000Q89NG6
|
128,529
|
Stock | 12,165,270 |
EINC US
|
VanEck Energy Income ETF | 5.94 |
BBG002QM2M43
|
105,803
|
Stock | 6,767,139 |
XLE US
|
Energy Select Sector SPDR Fund | 5.48 |
BBG000BJ20S2
|
76,413
|
Stock | 6,244,470 |
IGF US
|
iShares Global Infrastructure ETF | 5.22 |
BBG000T1GGF6
|
120,773
|
Stock | 5,948,070 |
XOP US
|
SPDR S&P Oil & Gas Exploration & Produc | 4.73 |
BBG000BGB482
|
39,659
|
Stock | 5,394,814 |
GDX US
|
VanEck Gold Miners ETF/Usa | 4.66 |
BBG000PLNQN7
|
174,474
|
Stock | 5,312,733 |
PAVE US
|
Global X Us Infrastructure Development | 4.59 |
BBG00G5CR8N0
|
211,768
|
Stock | 5,234,905 |
MOO US
|
VanEck Agribusiness ETF | 4.22 |
BBG000KJ4073
|
50,441
|
Stock | 4,807,532 |
OIH US
|
VanEck Oil Services ETF | 3.27 |
BBG000D02J82
|
13,963
|
Stock | 3,726,306 |
SLX US
|
VanEck Steel ETF | 2.78 |
BBG000Q54VZ8
|
55,527
|
Stock | 3,165,039 |
PICK US
|
iShares Msci Global Metals & Mining Pro | 2.42 |
BBG002GKR8T5
|
65,781
|
Stock | 2,760,171 |
REMX US
|
VanEck Rare Earth And Strategic Metals | 1.99 |
BBG0018555F4
|
24,115
|
Stock | 2,269,945 |
GDXJ US
|
VanEck Junior Gold Miners ETF | 1.94 |
BBG000PTYMS2
|
59,688
|
Stock | 2,207,262 |
BTCC/U CN
|
Purpose Bitcoin ETF | 1.26 |
BBG00Z9305R5
|
264,109
|
Stock | 1,439,394 |
NURE US
|
Nuveen Short-Term Reit ETF | 1.01 |
BBG00FJ5J003
|
33,935
|
Stock | 1,148,530 |
MORT US
|
VanEck Mortgage Reit Income ETF | 0.77 |
BBG001ZSTN14
|
57,966
|
Stock | 878,765 |
IAUF US
|
iShares Gold Strategy ETF | 0.42 |
BBG00L3F2M50
|
8,737
|
Stock | 482,888 |
GLDM US
|
SPDR Gold MiniShares Trust | 0.19 |
BBG00L8YYP89
|
5,993
|
Stock | 216,287 |
IAU US
|
iShares Gold Trust | 0.19 |
BBG000QLKDR4
|
6,254
|
Stock | 215,826 |
--
|
Other/Cash | 0.11 |
--
|
--
|
Cash | 124,562 |