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CMCAX
CM Commodity Index Fund - Class A

Daily Price as of 09/24/21

NAV DAILY CHANGE
$5.95 $0.02 / +0.34%

Class A Details: CMCAX

INCEPTION DATE GROSS/NET EXPENSES1
1.41%/0.95%
Why Invest?

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 08/31/21

  • Net Assets (All Classes)
    $658.6M
  • Number of Commodity Sectors
    5
  • Number of Commodity Components
    29
  • Avg. Weighted Contract Maturity
    6.6 Months
  • Benchmark Index
    UBS Bloomberg Constant Maturity Commodity Index (CMCI)

Making the Investment Case for CMCI

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 A
At Net Asset Value -0.17 2.99 25.75 39.56 7.84 7.19 -3.08 -2.44
At Maximum 5.75% Sales Charge -5.91 -2.93 18.52 31.54 5.73 5.93 -3.65 -2.98
UBS Bloomberg CMCI Index2 -0.08 3.29 27.12 41.51 9.29 8.67 -1.72 -1.08
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
(12/31/10)
VanEck CM Commodity Index Fund: Class A
At Net Asset Value 1.58 13.11 24.03 50.95 5.95 5.57 -2.95 -2.60
At Maximum 5.75% Sales Charge -4.26 6.61 16.90 42.27 3.88 4.33 -3.52 -3.15
UBS Bloomberg CMCI Index2 1.60 13.57 25.03 53.03 7.35 7.02 -1.60 -1.25

CMCI Target Sector Weightings (%): Overview as of 2021-2022

Sector % OF NET ASSETS
Agriculture
31.0
Energy
30.5
Industrial Metals
25.7
Precious Metals
8.3
Livestock
4.6