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PIT
VanEck Commodity Strategy ETF

Fund Description

VanEck Commodity Strategy ETF (the “Fund”) seeks to provide long-term capital appreciation. The Fund invests primarily in exchange-traded commodity futures contracts across the energy, precious metals, industrial metals, agriculture and livestock sectors and seeks to maximize risk-adjusted returns.

 
 

  • Fund Ticker

    PIT
  • Exchange

    Cboe
  • Inception Date

    12/20/2022
  • Administrator

    Van Eck Absolute Return Advisers Corporation

  as of 02/03/23

  • Total Net Assets

    $29.0M
  • Number of Holdings

    32
  • Options

    No
  • Gross Expense Ratio2

    0.60%
  • Net Expense Ratio/TER2

    0.55%
  • Distribution Frequency

    Annual
  • Next Distribution Date

    12/26/2023

Key Documents and Links

Fund Highlights

  • Actively managed exposure to a broad basket of commodity futures
  • Considers risks, return and curve positioning to maximize expected risk adjusted returns
  • Access to commodities without burdensome K-1 tax reporting

Trading Information

  • Fund Ticker

    PIT
  • NAV

    PITNV
  • Shares Outstanding

    600,000
  • Estimated Cash

    PITEU
  • Total Cash

    PITTC
  • CUSIP

    92189H771
  • ISIN

    US92189H7715
Source: Bloomberg

Fees and Expenses2

  • Management Fee

    0.55%
  • Other Expenses

    0.05%
  • Gross Expense Ratio

    0.60%
  • Fee Waivers and
    Expense Reimbursement

    -0.05%
  • Net Expense Ratio/TER2

    0.55%

Van Eck Absolute Return Advisers Corporation (the “Adviser”) will pay all expenses of the Fund, except for the fee payment under the investment management agreement, acquired fund fees and expenses, interest expense, offering costs, trading expenses, taxes and extraordinary expenses. Notwithstanding the foregoing, the Adviser has agreed to pay and/or reimburse the Fund for the offering costs and trading expenses that are net account or similar fees charged by futures commission merchants (“FCMs”) until at least February 1, 2024.

Investment Professionals

  • Portfolio Manager for Inflation Allocation Strategy and Municipal Allocation Strategy; Head of the VanEck Quantitative Investment Solutions (QIS) Team
  • Joined VanEck in 2012
  • Prior to VanEck, Director and Portfolio Manager within the UBS Portfolio Strategy Group
  • Previously, sales and client relationship roles at Oppenheimer & Co. and Georgeson, Inc.
  • MBA, Finance, New York University
  • BS, Business Economics, State University of New York College at Cortland
  • Deputy Portfolio Manager for Inflation Allocation Strategy and Municipal Allocation Strategy
  • Joined VanEck in 2007
  • Prior to his current role, served as Settlements Supervisor and Administrator at VanEck
  • BS, Business Administration (concentration in Financial Analysis), State University of New York at Buffalo

Prices as of 02/03/23

NAV/
Market
Price
Volume
30-Day Avg./
Last Trading Day
Daily Change
NAV/
Last Price
YTD Change NAV/
Last Price
Premium/
Discount
30-Day
Median
Bid Ask
Spread
NAV
Chart
PIT $48.37
$48.30
--
1,730
$-1.07 / -2.17%
$-1.11 / -2.24%
-4.43%
-5.67%
$-0.07
-0.14%
0.24%

Premium/Discount History as of 02/03/23

Since Inception 1Q 2022 2Q 2022 3Q 2022 4Q 2022 Premium/Discount Charts NAV & Prem/Discount History
PIT Days closed at a premium 13 0 0 0 4
Days closed at NAV 1 0 0 0 0
Days closed at a discount 16 0 0 0 3

Performance History: Average Annual Total Returns* (%)

  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
12/20/22
PIT (NAV) -0.11 -- -0.11 -- -- -- -- 1.11
PIT (Share Price) -1.21 -- -1.21 -- -- -- -- 1.18
Bloomberg Commodity Index -0.49 -0.27 -0.49 6.20 15.37 -- -- 0.43
  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
12/20/22
PIT (NAV) -- -- -- -- -- -- -- 1.23
PIT (Share Price) -- -- -- -- -- -- -- 2.42
Bloomberg Commodity Index -2.45 2.22 16.09 16.09 12.65 -- -- 0.92

Top 10 Holdings (%) as of 01/31/23

Daily Holdings
Total Holdings: 26
Holding Name
Ticker
Asset
Class
Contracts/
Shares
Market Value
(US$)
Notional Value
(US$)
% of Net
Assets
United States Treasury Bill
912796CU1
Bond
9,400,000 9,310,427 -- 30.69
United States Treasury Bill
912796CV9
Bond
9,400,000 9,302,565 -- 30.67
United States Treasury Bill
912796CW7
Bond
9,194,000 9,089,342 -- 29.96
Gold 100 Oz Futr Apr13
GCJ3 1304
Future
22 0 4,279,660 0.00
Soybean Future Sep23
S U3
Future
38 0 2,659,050 0.00
Wti Crude Future Dec23
CLZ3
Future
34 0 2,607,460 0.00
Brent Crude Futr Nov23
COX3
Future
31 0 2,551,300 0.00
Low Su Gasoil G Apr23
QSJ3
Future
25 0 2,176,250 0.00
Gasoline Rbob Fut Oct23
XBV3
Future
21 0 2,066,614 0.00
Corn Future Sep23
C U3
Future
61 0 1,846,775 0.00
Top 10 Total (%) 91.32
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These are not recommendations to buy or to sell any security. Securities and holdings may vary.

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