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CRAK VanEck Oil Refiners ETF Please read important disclosure Close important disclosure false us en false false

CRAK
VanEck Oil Refiners ETF

CRAK
VanEck Oil Refiners ETF

  • NAV
    $35.98

    as of February 23, 2024
  • YTD RETURNS
    4.88%

    as of February 23, 2024
  • Total Net Assets
    $41.38M

    as of February 23, 2024
  • Gross Expense Ratio
    0.78%
  • Net Expense Ratio
    0.61%
  • Inception Date
    08/18/2015

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

Performance

Fees

Holdings

Portfolio

Distributions

Team

Literature

CRAK