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 -
Index Ticker
MVCRAKTR -
Index Rebalancing
Quarterly
as of 02/03/23
-
30-Day SEC Yield1
2.72% -
Total Net Assets
$38.0M -
Number of Holdings
25 -
Options
Available -
Gross Expense Ratio2
1.02% -
Net Expense Ratio/TER2
0.59% -
Distribution Frequency
Annual -
Next Distribution Date
12/15/2023
Key Documents and Links
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
Trading Information
-
Fund Ticker
CRAK -
Index Total Return Ticker
MVCRAKTR -
NAV
CRAKNV -
Intraday NAV (IIV)4
CRAKIV -
Shares Outstanding
1,200,000 -
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%
2 Expenses 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
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) | 5.02 | 11.90 | 5.02 | 19.44 | 11.11 | 3.40 | -- | 9.51 |
CRAK (Share Price) | 5.22 | 11.91 | 5.22 | 18.89 | 11.41 | 3.34 | -- | 9.55 |
MVCRAKTR (Index) | 4.73 | 11.70 | 4.73 | 20.02 | 10.88 | 3.48 | -- | 9.53 |
Performance Differential (NAV - Index) | 0.29 | 0.20 | 0.29 | -0.58 | 0.23 | -0.08 | -- | -0.02 |
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR |
LIFE 08/18/15 |
|
---|---|---|---|---|---|---|---|---|
CRAK (NAV) | -3.49 | 18.25 | 18.50 | 18.50 | 5.22 | 2.92 | -- | 8.90 |
CRAK (Share Price) | -3.74 | 18.85 | 19.00 | 19.00 | 5.41 | 2.73 | -- | 8.91 |
MVCRAKTR (Index) | -2.87 | 18.17 | 18.62 | 18.62 | 5.22 | 3.02 | -- | 8.96 |
Performance Differential (NAV - Index) | -0.62 | 0.08 | -0.12 | -0.12 | 0.00 | -0.10 | -- | -0.06 |
Top 10 Holdings (%) as of 01/31/23
Daily HoldingsHolding Name |
Ticker
|
Shares
|
Market Value (US$) |
% of Net Assets |
---|---|---|---|---|
Marathon Petroleum Corp |
MPC US
|
26,845
|
3,450,119 | 8.78 |
Valero Energy Corp |
VLO US
|
19,780
|
2,769,793 | 7.05 |
Reliance Industries Ltd |
RIGD LI
|
45,757
|
2,625,555 | 6.68 |
Phillips 66 |
PSX US
|
24,856
|
2,492,311 | 6.34 |
Neste Oyj |
NESTE FH
|
44,418
|
2,121,132 | 5.40 |
Polski Koncern Naftowy Orlen Sa |
PKN PW
|
139,070
|
2,084,640 | 5.30 |
Eneos Holdings Inc |
5020 JP
|
554,900
|
1,988,484 | 5.06 |
Galp Energia Sgps Sa |
GALP PL
|
134,626
|
1,840,901 | 4.68 |
Hf Sinclair Corp |
DINO US
|
32,161
|
1,829,961 | 4.66 |
Idemitsu Kosan Co Ltd |
5019 JP
|
72,268
|
1,808,423 | 4.60 |
Top 10 Total (%) | 58.54 |
Country Weightings (%)
as of 01/31/23
Country | % of Net Assets |
---|---|
● United States | 32.33 |
● Japan | 11.19 |
● South Korea | 6.98 |
● India | 6.68 |
● Finland | 5.40 |
● Poland | 5.30 |
● Portugal | 4.68 |
● Taiwan Region | 4.36 |
● Turkey | 4.34 |
● Austria | 4.25 |
● Hungary | 3.64 |
● Australia | 3.46 |
● Thailand | 3.42 |
● Saudi Arabia | 2.51 |
● Greece | 1.58 |
● Other/Cash | -0.12 |
Sector Weightings (%)
as of 01/31/23
Sector | % of Net Assets |
---|---|
● Energy | 100.12 |
● Other/Cash | -0.12 |