CRAK
VanEck Oil Refiners ETF
CRAK
VanEck Oil Refiners ETF
CRAK
VanEck Oil Refiners ETF
CRAK
VanEck Oil Refiners ETF
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NAV$34.24
as of October 09, 2024 -
YTD RETURNS-0.20%
as of October 09, 2024 -
Total Net Assets$29.96M
as of October 09, 2024 -
Gross Expense Ratio0.85%
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Net Expense Ratio0.62%
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Inception Date08/18/2015
Fund Description
VanEck Oil Refiners ETF (CRAK®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS® Global Oil Refiners Index (MVCRAKTR), which is a rules-based, modified capitalization weighted index intended to give investors a means of tracking the overall performance of companies involved in crude oil refining which may include: gasoline, diesel, jet fuel, fuel oil, naphtha, and other petrochemicals.
Overview
Fund Highlights
- Potential to Benefit in Various Markets
An industry that may benefit from supply/demand imbalances for refined oil products and in periods of prolonged low oil prices
- Differentiated Segment of the Energy Sector
A segment that has historically interacted differently with oil prices and market dynamics than other energy segments
- Adapting to Long-Term Pressure
Oil refiners have been forced to adapt to increasing demand for clean energy and negative consumer sentiment toward plastics and waste