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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

  • ETF Structure

    Physical

  • Administrator

    Van Eck Associates

  • Custodian

    State Street Bank and Trust Company

  • Index Ticker

    MVCRAKTR

  • Index Rebalancing

    Quarterly

 
as of 09/24/21

  • 30-Day SEC Yield1

    2.16%

  • Total Net Assets

    $20.9M

  • Number of Holdings

    25

  • Options

    Expected

  • Gross Expense Ratio2

    1.29%

  • Net Expense Ratio/TER2

    0.59%

  • Distribution Frequency

    Annual
Schedule a Call
How to Buy

Morningstar™ Ratings3
as of 08/31/2021

Category Overall 3 Year 5 Year
Equity Energy
5 stars of 71 funds
5 stars of 71 funds
5 stars of 69 funds

Key Points

  • Potential to Benefit from Low Oil Prices
    An industry that may generally benefit from lower 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

    725,000

  • Estimated Cash

    CRAKEU

  • Total Cash

    CRAKTC

  • CUSIP

    92189F585

  • ISIN

    US92189F5851
Source: Bloomberg

Fees and Expenses2

  • Management Fee

    0.50%

  • Other Expenses

    0.79%

  • Gross Expense Ratio

    1.29%

  • Fee Waivers and
    Expense Reimbursement

    -0.70%

  • Net Expense Ratio/TER2

    0.59%
2Expenses for CRAK are capped contractually at 0.59% until May 1, 2022. 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 09/24/21

NAV/
Market Price 		Volume
30-Day Avg./
Last Trading Day 		Daily Change
NAV/
Last Price 		YTD Change
NAV/
Last Price 		Premium/
Discount 		Prem/Discount
Distribution Charts 		NAV &
Prem/Discount
History 		30-Day
Median
Bid Ask
Spread 		NAV
Chart
CRAK $28.85
$28.90		 4,768
6,386		 -$0.19 / -0.65%
$-0.12 / -0.41%		 +15.35%
+15.77%
 $0.05
0.19%		 0.42%

Premium/Discount History as of 09/24/21

Calendar Year 2020 3Q 2020 4Q 2020 1Q 2021 2Q 2021 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 93 11 26 26 27
CRAK Days closed at NAV 8 1 5 3 7
Days closed at a discount 152 52 33 32 29


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) 2.57 -5.99 12.29 33.11 -4.93 10.25 -- 8.08
CRAK (Share Price) 2.78 -6.05 12.54 33.20 -4.83 10.20 -- 8.10
MVCRAKTR (Index) 2.74 -5.80 12.34 33.18 -4.88 10.23 -- 8.09
Performance Differential (NAV - Index) -0.17 -0.19 -0.05 -0.07 -0.05 0.02 -- -0.01
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
08/18/15
CRAK (NAV) -1.23 8.36 17.97 38.45 -0.24 12.17 -- 9.24
CRAK (Share Price) -1.54 8.11 17.94 39.15 -0.27 12.25 -- 9.21
MVCRAKTR (Index) -1.24 8.40 17.79 39.19 -0.28 12.22 -- 9.20
Performance Differential (NAV - Index) 0.01 -0.04 0.18 -0.74 0.04 -0.05 -- 0.04

*Returns less than one year are not annualized.

The table presents past performance which is no guarantee of future results and which may be lower or higher than current performance. Returns reflect temporary contractual fee waivers and/or expense reimbursements. Had the ETF incurred all expenses and fees, investment returns would have been reduced. Investment returns and ETF share values will fluctuate so that investors' shares, when redeemed, may be worth more or less than their original cost. ETF returns assume that dividends and capital gains distributions have been reinvested in the Fund at NAV.

The "Net Asset Value" (NAV) of a VanEck Exchange Traded Fund (ETF) 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. VanEck ETF investors should not expect to buy or sell shares at NAV.

Top 10 Holdings (%) as of 08/31/21 Daily Holdings

Total Holdings: 25
Swipe
to view
full data
Holding Name
Ticker
Shares Market Value
(US$) 		% of Net
Assets
RELIANCE INDUSTRIES LTD
RIGD LI
30,004
1,855,747 9.11
MARATHON PETROLEUM CORP
MPC US
24,887
1,475,052 7.24
PHILLIPS 66
PSX US
19,570
1,391,231 6.83
NESTE OYJ
NESTE FH
21,759
1,325,045 6.51
VALERO ENERGY CORP
VLO US
16,562
1,098,226 5.39
SK INNOVATION CO LTD
096770 KS
5,055
1,083,652 5.32
ENEOS HOLDINGS INC
5020 JP
264,400
1,023,326 5.03
IDEMITSU KOSAN CO LTD
5019 JP
41,468
994,583 4.89
MOL HUNGARIAN OIL & GAS PLC
MOL HB
117,051
959,143 4.71
HOLLYFRONTIER CORP
HFC US
28,838
932,333 4.58
Top 10 Total (%) 59.61
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 08/31/21

  • Country

    % of Net Assets
  • ■

    United States

    25.90
  • ■

    Japan

    11.11
  • ■

    India

    9.11
  • ■

    South Korea

    7.86
  • ■

    Finland

    6.51
  • ■

    Poland

    6.14
  • ■

    Hungary

    4.71
  • ■

    Austria

    4.51
  • ■

    Taiwan

    4.45
  • ■

    Portugal

    4.36
  • ■

    Thailand

    4.04
  • ■

    Australia

    3.98
  • ■

    Saudi Arabia

    3.70
  • ■

    Turkey

    1.95
  • ■

    New Zealand

    1.52
  • ■

    Other/Cash

    0.15

Sector Weightings (%) as of 08/31/21

  • Sector

    % of Net Assets
  • ■

    Energy

    97.3
  • ■

    Industrials

    2.5
  • ■

    Other/Cash

    0.1