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REMX
VanEck Rare Earth/Strategic Metals ETF

Fund Description

VanEck Rare Earth/Strategic Metals ETF (REMX®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS®Global Rare Earth/Strategic Metals Index (MVREMXTR), which is intended to track the overall performance of companies involved in producing, refining, and recycling of rare earth and strategic metals and minerals.

 
 

  • Fund Ticker

    REMX
  • Exchange

    NYSE Arca
  • ETF Structure

    Physical
  • Administrator

    Van Eck Associates
  • Custodian

    State Street Bank and Trust Company
  • Index Ticker

    MVREMXTR
  • Index Rebalancing

    Quarterly

 
as of 10/18/21

  • 30-Day SEC Yield1

    0.08%
  • Total Net Assets

    $1.0B
  • Number of Holdings

    20
  • Options

    Available
  • Gross Expense Ratio2

    0.63%
  • Net Expense Ratio/TER2

    0.59%
  • Distribution Frequency

    Annual

Morningstar™ Ratings3
as of 09/30/2021

Category Overall 3 Year 5 Year
Equity Precious Metals
5 stars of 62 funds
4 stars of 62 funds
5 stars of 59 funds

What Are Rare Earth/Strategic Metals? How Are They Used?

Rare earth/strategic metals are industrial metals that are typically mined as by-products in operations focused on precious metals and base metals. Compared to base metals, they have more specialized uses and are often more difficult to extract. Currently, some 44 elements in the periodic table are considered rare earth/strategic metals, and include cerium, manganese, titanium and tungsten. Strategic metals are used in myriad technologies such as jet engines, hybrid cars, steel alloys, wind turbines, flat screen televisions and cellular phones. Rare earth metals, a subset of strategic metals, are a collection of 17 chemical elements that are essential in many of today’s most advanced technologies, with particular applications in electronics. 

 

Key Points

  • One-Trade Access to the Rare Earth/Strategic Metals Industry
    A highly volatile industry that supplies key inputs to many of the world’s most advanced technologies

  • Pure Play, Comprehensive Global Exposure
    Companies must derive at least 50% of total revenues from the rare earth/strategic metals industry to be added to the Index and may include A-shares issued by Shanghai-listed companies trading via Shanghai-Hong Kong Stock Connect

  • Industry Known for Volatility 
    Rapidly changing supply and demand dynamics, government defense implications, and heavy China involvement have driven significant volatility in the industry historically

Trading Information

  • Fund Ticker

    REMX
  • Index Total Return Ticker

    MVREMXTR
  • NAV

    REMXNV
  • Intraday NAV (IIV)4

    REMXIV
  • Shares Outstanding

    9,074,987
  • Estimated Cash

    REMXEU
  • Total Cash

    REMXTC
  • CUSIP

    92189H805
  • ISIN

    US92189H8051
Source: Bloomberg

Fees and Expenses2

  • Management Fee

    0.50%
  • Other Expenses

    0.13%
  • Gross Expense Ratio

    0.63%
  • Fee Waivers and
    Expense Reimbursement

    -0.04%
  • Net Expense Ratio/TER2

    0.59%
2Expenses for REMX are capped contractually at 0.57% 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 10/18/21

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
REMX $113.52
$114.20
185,554
171,098
$0.34 / +0.30%
$0.95 / +0.84%
+73.57%
+73.50%
$0.68
0.60%
0.23%

Premium/Discount History as of 10/18/21

Calendar Year 2020 4Q 2020 1Q 2021 2Q 2021 3Q 2021 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 111 40 45 27 32
REMX Days closed at NAV 3 0 0 0 0
Days closed at a discount 139 24 16 36 32


Performance History: Average Annual Total Returns* (%)

1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
10/27/10
REMX (NAV) -11.84 21.18 58.32 172.22 25.26 21.14 -2.50 -4.39
REMX (Share Price) -12.78 21.49 56.82 175.96 25.29 20.91 -2.39 -4.42
MVREMXTR (Index) -11.09 23.21 62.06 180.45 25.06 20.77 -3.03 -4.80
Performance Differential (NAV - Index) -0.75 -2.03 -3.74 -8.23 0.20 0.37 0.53 0.41
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
10/27/10
REMX (NAV) -11.84 21.18 58.32 172.22 25.26 21.14 -2.50 -4.39
REMX (Share Price) -12.78 21.49 56.82 175.96 25.29 20.91 -2.39 -4.42
MVREMXTR (Index) -11.09 23.21 62.06 180.45 25.06 20.77 -3.03 -4.80
Performance Differential (NAV - Index) -0.75 -2.03 -3.74 -8.23 0.20 0.37 0.53 0.41

Top 10 Holdings (%) as of 09/30/21 Daily Holdings

Total Holdings: 21
Swipe
to view
full data
Holding Name
Ticker
Shares Market Value
(US$)
% of Net
Assets
ZHEJIANG HUAYOU COBALT CO LTD
603799 C1
4,482,036
71,529,416 7.53
CHINA NORTHERN RARE EARTH GROUP HIGH-TE
600111 C1
9,385,810
63,525,809 6.69
GANFENG LITHIUM CO LTD
1772 HK
3,488,000
61,114,678 6.43
TRONOX HOLDINGS PLC
TROX US
2,277,570
56,142,101 5.91
SHENGHE RESOURCES HOLDING CO LTD
600392 C1
18,004,105
55,433,233 5.83
LIONTOWN RESOURCES LTD
LTR AU
54,144,402
55,417,198 5.83
OROCOBRE LTD
ORE AU
8,694,546
53,392,779 5.62
STANDARD LITHIUM LTD
SLI CN
6,306,583
51,424,401 5.41
LYNAS RARE EARTHS LTD
LYC AU
10,785,621
50,996,727 5.37
LITHIUM AMERICAS CORP
LAC US
2,203,111
49,195,469 5.18
Top 10 Total (%) 59.80
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 09/30/21

  • Country

    % of Net Assets
  • China

    34.84
  • Australia

    28.87
  • United States

    15.09
  • Canada

    10.59
  • Netherlands

    4.47
  • France

    3.67
  • Japan

    1.87
  • Other/Cash

    0.59

Sector Weightings (%) as of 09/30/21

  • Sector

    % of Net Assets
  • Materials

    99.4
  • Other/Cash

    0.6