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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 12/06/21

  • 30-Day SEC Yield1

    2.44%
  • Total Net Assets

    $19.8M
  • Number of Holdings

    25
  • Options

    Expected
  • Gross Expense Ratio2

    1.29%
  • Net Expense Ratio/TER2

    0.59%
  • Distribution Frequency

    Annual

Morningstar™ Ratings3
as of 10/31/2021

Category Overall 3 Year 5 Year
Equity Energy
5 stars of 72 funds
5 stars of 72 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 12/06/21

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 $27.33
$27.30
5,565
572
$0.37 / +1.38%
$0.33 / +1.22%
+9.29%
+9.35%
$-0.03
-0.12%
0.51%

Premium/Discount History as of 12/06/21

Calendar Year 2020 4Q 2020 1Q 2021 2Q 2021 3Q 2021 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 93 26 26 27 24
CRAK Days closed at NAV 8 5 3 7 6
Days closed at a discount 152 33 32 29 34


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) -11.80 -5.78 5.80 14.65 -2.13 7.69 -- 6.73
CRAK (Share Price) -11.43 -5.69 6.13 14.61 -2.02 7.85 -- 6.76
MVCRAKTR (Index) -11.57 -5.56 6.10 14.88 -2.03 7.78 -- 6.78
Performance Differential (NAV - Index) -0.23 -0.22 -0.30 -0.23 -0.10 -0.09 -- -0.05
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
08/18/15
CRAK (NAV) 4.01 -1.00 16.79 51.15 -4.30 10.39 -- 8.67
CRAK (Share Price) 3.99 -0.78 17.02 51.29 -4.31 10.44 -- 8.68
MVCRAKTR (Index) 4.37 -0.46 17.25 52.00 -4.15 10.51 -- 8.73
Performance Differential (NAV - Index) -0.36 -0.54 -0.46 -0.85 -0.15 -0.12 -- -0.06

Top 10 Holdings (%) as of 11/30/21 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
24,956
1,594,688 8.31
MARATHON PETROLEUM CORP
MPC US
25,178
1,532,081 7.99
PHILLIPS 66
PSX US
19,932
1,378,696 7.19
VALERO ENERGY CORP
VLO US
19,349
1,295,222 6.75
NESTE OYJ
NESTE FH
25,584
1,200,975 6.26
ENEOS HOLDINGS INC
5020 JP
275,900
1,019,615 5.32
IDEMITSU KOSAN CO LTD
5019 JP
37,068
949,242 4.95
FORMOSA PETROCHEMICAL CORP
6505 TT
268,000
913,657 4.76
GALP ENERGIA SGPS SA
GALP PL
93,454
870,440 4.54
HOLLYFRONTIER CORP
HFC US
26,576
858,936 4.48
Top 10 Total (%) 60.55
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 11/30/21

  • Country

    % of Net Assets
  • United States

    27.51
  • Japan

    11.55
  • India

    8.31
  • South Korea

    6.41
  • Finland

    6.26
  • Poland

    5.68
  • Taiwan Region

    4.76
  • Portugal

    4.54
  • Austria

    4.45
  • Hungary

    4.41
  • Australia

    4.37
  • Thailand

    3.95
  • Saudi Arabia

    3.11
  • Turkey

    1.97
  • New Zealand

    1.43
  • Greece

    1.18
  • Other/Cash

    0.10

Sector Weightings (%) as of 11/30/21

  • Sector

    % of Net Assets
  • Energy

    97.6
  • Industrials

    2.3
  • Other/Cash

    0.1