CM Commodity Index Fund Reverse Share Split
VanEck Constant Maturity (CM) Commodity Index Fund underwent a reverse share split effective September 11, 2023. Please see VanEck's press release here for more information.
CM Commodity Index Fund - Class I
COMIX
CM Commodity Index Fund - Class I
COMIX
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NAV$73.30
as of September 25, 2023 -
YTD RETURNS2.07%
as of September 25, 2023 -
Net Assets (All Classes)$571.50M
as of August 31, 2023 -
Gross Expense Ratio0.82%
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Net Expense Ratio0.65%
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Inception Date12/31/2010
Fund Description
The CM Commodity Index Fund seeks to track, before fees and expenses, the performance of the UBS Constant Maturity Commodity Total Return Index, a diversified commodity index that allocates across maturities with the aim of minimizing exposure to the front end of the futures curves and mitigating the impact of negative roll yield in contango environments.
Overview
Fund Highlights
- By spreading its exposure across multiple maturities and maintaining a constant maturity per commodity, the Index seeks to minimize exposure to front end of the futures curve and mitigate the impacts of negative roll yield
- Diversified across five commodity sectors and 29 commodity components; Monthly rebalancing to limit concentration risk and reduce volatility
- 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
- No K-1s – Access to commodities without burdensome K-1 tax reporting
Smarter Commodities Investing: Overcome Concentration and Roll Yield