Daily Price as of 04/20/21
NAV† | DAILY CHANGE |
---|---|
$5.47 | ![]() |
Class Y Details: CMCYX
INCEPTION DATE | GROSS/NET EXPENSES1 |
---|---|
1.04%/0.70% |
Fund Literature
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 03/31/21
-
Net Assets (All Classes)$525.9M
-
Number of Commodity Sectors5
-
Number of Commodity Components29
-
Avg. Weighted Contract Maturity6.5 Months
-
Benchmark IndexUBS 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 Y | ||||||||
At Net Asset Value | -1.69 | 9.66 | 9.66 | 47.50 | 2.35 | 5.64 | -4.33 | -3.59 |
UBS Bloomberg CMCI Index2 | -1.51 | 10.09 | 10.09 | 49.18 | 3.49 | 6.83 | -3.25 | -2.50 |
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR | LIFE (12/31/10) |
|
---|---|---|---|---|---|---|---|---|
VanEck CM Commodity Index Fund: Class Y | ||||||||
At Net Asset Value | -1.69 | 9.66 | 9.66 | 47.50 | 2.35 | 5.64 | -4.33 | -3.59 |
UBS Bloomberg CMCI Index2 | -1.51 | 10.09 | 10.09 | 49.18 | 3.49 | 6.83 | -3.25 | -2.50 |
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 |