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Daily Price as of 11/27/20

NAV DAILY CHANGE
$4.59 $0.03 / +0.7%

Class I Details: COMIX

INCEPTION DATE GROSS/NET EXPENSES1
0.97%/0.65%

Fund Summary and Key Points

The VanEck CM Commodity Index Fund (the "Fund") seeks to track, before fees and expenses, the UBS Bloomberg Constant Maturity Commodity Index (the “CMCI”). 

  • CMCI is a next-generation commodity index diversified across maturities, minimizing its exposure to the front end of the futures curves
  • By spreading its exposure across multiple maturities and maintaining a constant maturity per commodity, CMCI seeks to mitigate the impacts of negative roll yield in contango environments
  • Diversified across five commodity sectors and 29 commodity components; energy allocation typically around 35%
  • In contrast with many “enhanced” commodity funds, offers “pure” commodity exposure by investing in commodity-linked derivative instruments and more conservative fixed income securities, such as U.S. Treasury Bills

Fund Details
as of 10/31/20

  • Net Assets (All Classes)
    $361.1M
  • Number of Commodity Sectors
    5
  • Number of Commodity Components
    29
  • Avg. Weighted Contract Maturity
    6.5 Months
  • Benchmark Index
    UBS Bloomberg Constant Maturity Commodity Index (CMCI)

Making the Investment Case for CMCI

Commodities Investment Team

Photo of Gregory Krenzer and Roland Morris Jr. Portfolio Managers

Investment Approach

  • The VanEck CM Commodity Index Fund is a passively-managed mutual fund that seeks to track the CMCI by primarily investing in commodity-linked derivative instruments and conservatively-managed fixed income instruments.

    • The Fund may invest in instruments linked to the value of a particular commodity or commodity futures contract, or a subset of commodities or commodity futures contracts, through a wholly owned subsidiary of the Fund formed in the Cayman Islands.
       

Performance History: Average Annual Total Returns* (%)

1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
(12/31/10)
VanEck CM Commodity Index Fund: Class I
At Net Asset Value -1.65 0.97 -11.68 -8.11 -4.16 -1.04 -- -5.92
UBS Bloomberg CMCI Index2 -1.49 1.34 -11.06 -7.28 -3.18 -0.01 -3.94 -4.91
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
(12/31/10)
VanEck CM Commodity Index Fund: Class I
At Net Asset Value -1.86 7.91 -10.19 -5.12 -2.65 -0.63 -- -5.81
UBS Bloomberg CMCI Index2 -1.77 8.00 -9.72 -4.45 -1.67 0.37 -3.38 -4.81

CMCI Target Sector Weightings (%): Overview as of 2020-2021

Sector % OF NET ASSETS
Energy
31.8
Agriculture
30.2
Industrial Metals
25.7
Precious Metals
7.7
Livestock
4.7