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CRAKVanEck 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 -
Custodian
State Street Bank and Trust Company -
Index Ticker
MVCRAKTR -
Index Rebalancing
Quarterly
as of 05/27/22
-
30-Day SEC Yield1
1.81% -
Total Net Assets
$43.6M -
Number of Holdings
24 -
Options
Available -
Gross Expense Ratio2
1.02% -
Net Expense Ratio/TER2
0.59% -
Distribution Frequency
Annual -
Next Distribution Date
12/16/2022
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
1,325,000 -
Estimated Cash
CRAKEU -
Total Cash
CRAKTC -
CUSIP
92189F585 -
ISIN
US92189F5851
Fees and Expenses2
-
Management Fee
0.50% -
Other Expenses
0.52% -
Gross Expense Ratio
1.02% -
Fee Waivers and
-0.43%
Expense Reimbursement -
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
Peter Liao, CFA
- 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
Guo Hua (Jason) Jin
- 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
Griffin Driscoll
- Analyst for Equity ETFs
- Joined VanEck in 2018
- Prior to joining VanEck, ETF Basket Operations Analyst at JPMorgan
- BS, Finance, Providence College
Ralph Lasta
- Analyst for Equity ETFs
- Joined VanEck in 2019
- Prior to VanEck, Intermediate Representative, Exchange Traded Funds at BNY Mellon.
- BS, Accounting, Hunter College
Performance History: Average Annual Total Returns* (%)
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR |
LIFE 08/18/15 |
|
---|---|---|---|---|---|---|---|---|
CRAK (NAV) | 0.09 | 6.66 | 11.13 | 9.98 | 3.63 | 8.01 | -- | 8.78 |
CRAK (Share Price) | -- | 5.58 | 11.21 | 9.46 | 3.58 | 7.76 | -- | 8.73 |
MVCRAKTR (Index) | 0.41 | 7.92 | 11.70 | 10.81 | 3.88 | 8.20 | -- | 8.91 |
Performance Differential (NAV - Index) | -0.32 | -1.26 | -0.57 | -0.83 | -0.25 | -0.19 | -- | -0.13 |
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 |
Top 10 Holdings (%) as of 04/30/22 Daily Holdings
to view
full data
Holding Name |
Ticker
|
Shares
|
Market Value (US$) |
% of Net Assets |
---|---|---|---|---|
Marathon Petroleum Corp |
MPC US |
20,349 |
1,775,654 | 8.41 |
Reliance Industries Ltd |
RIGD LI |
24,507 |
1,752,493 | 8.30 |
Valero Energy Corp |
VLO US |
14,311 |
1,595,390 | 7.56 |
Phillips 66 |
PSX US |
16,925 |
1,468,413 | 6.96 |
Neste Oyj |
NESTE FH |
33,175 |
1,423,500 | 6.74 |
Hf Sinclair Corp |
DINO US |
35,232 |
1,339,521 | 6.35 |
Omv Ag |
OMV AV |
20,377 |
1,041,624 | 4.93 |
Eneos Holdings Inc |
5020 JP |
278,300 |
980,855 | 4.65 |
Galp Energia Sgps Sa |
GALP PL |
78,919 |
960,574 | 4.55 |
Mol Hungarian Oil & Gas Plc |
MOL HB |
111,517 |
945,428 | 4.48 |
Top 10 Total (%) | 62.93 |
Country Weightings (%) as of 04/30/22
-
Country
% of Net Assets -
■
United States
31.24 -
■
Japan
10.17 -
■
India
8.42 -
■
Finland
6.74 -
■
South Korea
6.46 -
■
Poland
5.43 -
■
Austria
4.93 -
■
Portugal
4.55 -
■
Hungary
4.48 -
■
Australia
4.23 -
■
Taiwan Region
3.59 -
■
Thailand
3.48 -
■
Saudi Arabia
3.13 -
■
Turkey
2.27 -
■
Greece
1.13 -
■
Other/Cash
-0.26
Sector Weightings (%) as of 04/30/22
-
Sector
% of Net Assets -
■
Energy
100.3 -
■
Other/Cash
-0.3