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RAAX
VanEck Inflation Allocation ETF

Fund Description

VanEck Inflation Allocation ETF (the "Fund") seeks long-term total return. In pursuing long-term total return, the Fund seeks to maximize real returns while seeking to reduce downside risk during sustained market declines. The Fund primarily allocates to exchange-traded products that provide exposure to inflation fighting real assets including resource assets: commodities, natural resource equities; income assets: REITs, Infrastructure, MLPs; and financial assets: gold, bitcoin.

 
 

  • Fund Ticker

    RAAX
  • Exchange

    NYSE Arca
  • Administrator

    Van Eck Absolute Return Advisers Corporation
  • Inception Date

    04/09/2018

  as of 12/08/22

  • Total Net Assets

    $141.3M
  • Number of Holdings

    20
  • Options

    No
  • Gross Expense Ratio2

    1.78%
  • Net Expense Ratio/TER2

    0.74%
  • Distribution Frequency

    Annual
  • Next Distribution Date

    12/27/2022

Fund Highlights

  • Exposure to key inflation fighting assets

  • Adapts to a wide variety of inflationary regimes

  • Responds to changing risk environment

  • No K-1s – Access to real assets without burdensome K-1 tax reporting

Trading Information

  • Fund Ticker

    RAAX
  • NAV

    RAAXNV
  • Intraday NAV (IIV)4

    RAAXIV
  • Shares Outstanding

    5,625,000
  • Estimated Cash

    RAAXEU
  • Total Cash

    RAAXTC
  • CUSIP

    92189F130
  • ISIN

    US92189F1306
Source: Bloomberg

Fees and Expenses2

  • Management Fee

    0.50%
  • Other Expenses

    1.10%
  • Acquired Fund Fees and Expenses

    0.18%
  • Gross Expense Ratio

    1.78%
  • Fee Waivers and
    Expense Reimbursement

    -1.04%
  • Net Expense Ratio/TER2

    0.74%

2Expenses for RAAX are capped contractually at 0.55% until February 1, 2023. Cap excludes acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses.

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 12/08/22

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
RAAX $25.12
$25.10
28,675
37,276
$0.00 / +0.01%
$0.06 / +0.22%
+1.34%
+1.19%
$-0.02
-0.09%
0.27%

Premium/Discount History as of 12/08/22

Calendar Year 2021 4Q 2021 1Q 2022 2Q 2022 3Q 2022 Premium/Discount Charts NAV & Prem/Discount History
RAAX Days closed at a premium 113 30 44 58 38
Days closed at NAV 55 11 10 1 6
Days closed at a discount 84 23 8 3 20

Performance History: Average Annual Total Returns* (%)

  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
04/09/18
RAAX (NAV) 6.39 4.61 4.81 8.76 7.03 -- -- 4.47
RAAX (Share Price) 5.97 4.35 4.48 8.30 6.94 -- -- 4.41
Bloomberg Commodity Index 2.74 -3.71 19.01 23.20 15.46 -- -- 7.46
  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
04/09/18
RAAX (NAV) -8.22 -7.41 -8.04 -2.71 2.15 -- -- 1.63
RAAX (Share Price) -8.46 -8.16 -8.35 -2.94 2.02 -- -- 1.57
Bloomberg Commodity Index -8.11 -4.11 13.57 11.80 13.45 -- -- 6.63

All Holdings (%) as of 12/08/22

Download All Fund Holdings »
Total Holdings: 20
Ticker
Holding Name % of Net
Assets
Identifier (FIGI)
Shares
Asset Class Market Value
(US$)
Notional Value
DBC US
Invesco Db Commodity Index Tracking Fun 20.48
BBG000GPM6Y1
1,211,164
Stock 28,934,708 --
OUNZ US
VanEck Merk Gold Shares 16.72
BBG002WYN8V8
1,362,712
Stock 23,629,426 --
IGF US
iShares Global Infrastructure ETF 12.81
BBG000T1GGF6
382,386
Stock 18,105,977 --
VNQ US
Vanguard Real Estate ETF 7.18
BBG000Q89NG6
117,976
Stock 10,144,756 --
GDX US
VanEck Gold Miners ETF/Usa 6.21
BBG000PLNQN7
298,505
Stock 8,779,032 --
EINC US
VanEck Energy Income ETF 5.52
BBG002QM2M43
126,580
Stock 7,798,860 --
XLE US
Energy Select Sector SPDR Fund 5.34
BBG000BJ20S2
89,062
Stock 7,547,114 --
XOP US
SPDR S&P Oil & Gas Exploration & Produc 4.27
BBG000BGB482
45,379
Stock 6,026,331 --
MOO US
VanEck Agribusiness ETF 3.83
BBG000KJ4073
59,897
Stock 5,404,506 --
OIH US
VanEck Oil Services ETF 3.01
BBG000D02J82
15,028
Stock 4,259,386 --
SLX US
VanEck Steel ETF 3.01
BBG000Q54VZ8
68,045
Stock 4,248,049 --
PAVE US
Global X Us Infrastructure Development 2.67
BBG00G5CR8N0
136,851
Stock 3,778,456 --
PICK US
iShares Msci Global Metals & Mining Pro 2.45
BBG002GKR8T5
79,633
Stock 3,464,832 --
GDXJ US
VanEck Junior Gold Miners ETF 1.98
BBG000PTYMS2
77,181
Stock 2,791,637 --
REMX US
VanEck Rare Earth And Strategic Metals 1.89
BBG0018555F4
29,212
Stock 2,666,763 --
NURE US
Nuveen Short-Term Reit ETF 0.94
BBG00FJ5J003
43,880
Stock 1,325,395 --
IAUF US
iShares Gold Strategy ETF 0.74
BBG00L3F2M50
19,371
Stock 1,051,900 --
MORT US
VanEck Mortgage Reit Income ETF 0.51
BBG001ZSTN14
56,351
Stock 715,094 --
GLDM US
SPDR Gold MiniShares Trust 0.15
BBG00L8YYP89
5,993
Stock 212,871 --
IAU US
iShares Gold Trust 0.15
BBG000QLKDR4
6,254
Stock 212,261 --
--
Other/Cash 0.14
--
0
Cash 192,632 --
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These are not recommendations to buy or to sell any security. Securities and holdings will vary at times. The holdings presented reflect unsettled trade activity from creation and/or redemption transactions from the prior business day and may differ from the holdings information used to calculate the Fund's net asset value. The adjusted shares outstanding is 5,625,000. This includes any changes in shares outstanding due to creations or redemptions on the previous business day, and may differ from the information used to calculate the fund's net asset value.

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