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CRAK
VanEck Oil Refiners ETF

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.

 
 

  • Fund Ticker

    CRAK

  • Exchange

    NYSE Arca

  • Inception Date

    08/18/2015

  • ETF Structure

    Physical

  • Administrator

    Van Eck Associates

  • Index Ticker

    MVCRAKTR

  • Index Rebalancing

    Quarterly

 
as of 06/24/22

  • 30-Day SEC Yield1

    2.00%

  • Total Net Assets

    $55.7M

  • Number of Holdings

    25

  • Options

    Available

  • Gross Expense Ratio2

    1.02%

  • Net Expense Ratio/TER2

    0.59%

  • Distribution Frequency

    Annual

  • Next Distribution Date

    12/16/2022
Schedule a Call
How to Buy

Morningstar™ Ratings3
as of 05/31/2022

Category Overall 3 Year 5 Year
Equity Energy
5 stars of 69 funds
4 stars of 69 funds
5 stars of 67 funds

Key Points

  • 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

Trading Information

  • Fund Ticker

    CRAK

  • Index Total Return Ticker

    MVCRAKTR

  • NAV

    CRAKNV

  • Intraday NAV (IIV)4

    CRAKIV

  • Shares Outstanding

    1,875,000

  • Estimated Cash

    CRAKEU

  • Total Cash

    CRAKTC

  • CUSIP

    92189F585

  • ISIN

    US92189F5851
Source: Bloomberg

Fees and Expenses2

  • Management Fee

    0.50%

  • Other Expenses

    0.52%

  • Gross Expense Ratio

    1.02%

  • Fee Waivers and
    Expense Reimbursement

    -0.43%

  • Net Expense Ratio/TER2

    0.59%

2Expenses for CRAK are capped contractually at 0.59% until May 1, 2023. Cap excludes acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses.

Investment Professionals

  • Portfolio Manager and Head of Equity ETFs
  • Oversees the Equity ETF Investment Management Team including development and management of index replication and optimization strategies
  • Joined VanEck in 2005
  • CFA charterholder; member of the CFA Society New York
  • BA, Mathematics and Economics, New York University
  • Portfolio Manager and Analyst for Equity ETFs
  • Joined VanEck in 2007
  • Prior to his current role, held a portfolio administration position at VanEck
  • Previously, Portfolio Analyst at Evaluation Associates
  • BS, Business Administration (concentration in Financial Analysis), State University of New York at Buffalo
  • Analyst for Equity ETFs
  • Joined VanEck in 2018
  • Prior to joining VanEck, ETF Basket Operations Analyst at JPMorgan
  • BS, Finance, Providence College
  • Analyst for Equity ETFs
  • Joined VanEck in 2019
  • Prior to VanEck, Intermediate Representative, Exchange Traded Funds at BNY Mellon.
  • BS, Accounting, Hunter College

Prices as of 06/24/22

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
CRAK $29.69
$29.91 		115,947
35,827 		$0.34 / +1.16%
$0.45 / +1.53% 		+9.40%
+10.65% 		$0.22
0.75% 		0.32%

Premium/Discount History as of 06/24/22

Calendar Year 2021 2Q 2021 3Q 2021 4Q 2021 1Q 2022 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 93 27 24 16 30
CRAK Days closed at NAV 20 7 6 4 5
Days closed at a discount 139 29 34 44 27

Performance History: Average Annual Total Returns* (%)
View All ETFs View All Indices

  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
08/18/15
CRAK (NAV) 9.15 18.30 21.29 12.82 10.36 10.14 -- 10.08
CRAK (Share Price) 9.55 18.92 21.83 12.73 10.47 10.33 -- 10.09
MVCRAKTR (Index) 8.72 18.98 21.44 13.50 10.39 10.27 -- 10.14
Performance Differential (NAV - Index) 0.43 -0.68 -0.15 -0.68 -0.03 -0.13 -- -0.06
  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
08/18/15
CRAK (NAV) 8.30 11.03 11.03 13.30 3.74 8.21 -- 8.88
CRAK (Share Price) 8.56 11.21 11.21 12.99 3.67 8.02 -- 8.85
MVCRAKTR (Index) 8.99 11.25 11.25 14.13 3.86 8.35 -- 8.96
Performance Differential (NAV - Index) -0.69 -0.22 -0.22 -0.83 -0.12 -0.14 -- -0.08

*Returns less than one year are not annualized.

The performance data quoted represents past performance. Past performance is not a guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted. Please call 800.826.2333 or visit vaneck.com for performance current to the most recent month ended.

The "Net Asset Value" (NAV) of a Fund is determined at the close of each business day, and represents the dollar value of one share of the fund; it is calculated by taking the total assets of the fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV is not necessarily the same as the ETF 's intraday trading value. Investors should not expect to buy or sell shares at NAV.

Top 10 Holdings (%) as of 05/31/22 Daily Holdings

Total Holdings: 24
Swipe
to view
full data
Holding Name
Ticker
Shares
 Market Value
(US$) 		% of Net
Assets
Marathon Petroleum Corp
MPC US
38,518
 3,920,747 8.99
Valero Energy Corp
VLO US
27,091
 3,510,994 8.05
Hf Sinclair Corp
DINO US
66,681
 3,274,037 7.51
Phillips 66
PSX US
32,030
 3,228,944 7.40
Reliance Industries Ltd
RIGD LI
47,051
 3,165,564 7.26
Neste Oyj
NESTE FH
62,789
 2,877,904 6.60
Omv Ag
OMV AV
38,571
 2,248,528 5.16
Eneos Holdings Inc
5020 JP
526,600
 2,121,461 4.86
Galp Energia Sgps Sa
GALP PL
149,367
 1,945,980 4.46
Sk Innovation Co Ltd
096770 KS
11,096
 1,922,322 4.41
Top 10 Total (%) 64.70
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 05/31/22

  • Country

    % of Net Assets
  • ■

    United States

    34.01
  • ■

    Japan

    10.15
  • ■

    India

    7.26
  • ■

    Finland

    6.60
  • ■

    South Korea

    6.46
  • ■

    Austria

    5.16
  • ■

    Poland

    5.13
  • ■

    Portugal

    4.46
  • ■

    Australia

    3.88
  • ■

    Taiwan Region

    3.54
  • ■

    Hungary

    3.46
  • ■

    Thailand

    3.24
  • ■

    Saudi Arabia

    3.24
  • ■

    Turkey

    2.14
  • ■

    Greece

    1.15
  • ■

    Other/Cash

    0.14

Sector Weightings (%) as of 05/31/22

  • Sector

    % of Net Assets
  • ■

    Energy

    99.9
  • ■

    Other/Cash

    0.1