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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, gold mining equities.

 
 

  • Fund Ticker

    RAAX

  • Exchange

    NYSE Arca

  • Administrator

    Van Eck Absolute Return Advisers Corporation

  • Inception Date

    04/09/2018

  as of 05/26/23

  • Total Net Assets

    $104.3M

  • Number of Holdings

    17

  • Options

    No

  • Gross Expense Ratio2

    0.99%

  • Net Expense Ratio/TER2

    0.87%

  • Distribution Frequency

    Annual

  • Next Distribution Date

    12/26/2023
Schedule a Call
Fund FAQ
How to Buy

Key Documents and Links

RAAX Fact Sheet
Summary Prospectus
Management Team

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

    4,275,000

  • Estimated Cash

    RAAXEU

  • Total Cash

    RAAXTC

  • CUSIP

    92189F130

  • ISIN

    US92189F1306
Source: Bloomberg

Fees and Expenses2

  • Management Fee

    0.50%

  • Other Expenses

    0.13%

  • Acquired Fund Fees and Expenses

    0.36%

  • Gross Expense Ratio

    0.99%

  • Fee Waivers and
    Expense Reimbursement

    -0.12%

  • Net Expense Ratio/TER2

    0.87%

2 Expenses for RAAX are capped contractually at 0.55% until February 1, 2024. Cap excludes acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses.

Morningstar™ Ratings3 as of 04/30/2023

Category Overall 3 Year 5 Year
Moderate Allocation

3 Morningstar Ratings: When applicable, ratings shown when the ETF is rated three stars or more for any given period. For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics.

© Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

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 05/26/23

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
RAAX $24.40
$24.37 		42,477
101,360 		$0.16 / +0.64%
$0.16 / +0.66% 		-1.87%
-1.73% 		$-0.03
-0.10% 		0.24%

Premium/Discount History as of 05/26/23

Calendar Year 2022 2Q 2022 3Q 2022 4Q 2022 1Q 2023 Premium/Discount Charts NAV & Prem/Discount History
RAAX Days closed at a premium 166 58 38 26 11
Days closed at NAV 18 1 6 1 1
Days closed at a discount 67 3 20 36 50

Performance History: Average Annual Total Returns* (%)

View All ETFs
  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
04/09/18
RAAX (NAV) 0.72 -3.17 2.43 -4.54 15.76 3.44 -- 4.00
RAAX (Share Price) 0.59 -3.16 2.42 -5.05 15.73 3.33 -- 3.95
Bloomberg Commodity Index -0.75 -5.61 -6.07 -16.60 21.14 4.67 -- 5.00
  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
04/09/18
RAAX (NAV) 1.84 1.70 1.70 -8.22 15.74 -- -- 3.92
RAAX (Share Price) 2.02 1.81 1.81 -8.80 15.61 -- -- 3.89
Bloomberg Commodity Index -0.21 -5.36 -5.36 -12.49 20.82 -- -- 5.25

*Returns less than one year are not annualized.

All benchmark indices are unmanaged and include the reinvestment of all dividends, but do not reflect the payment of transaction costs, advisory fees or expenses that are associated with an investment in the Fund. An index’s performance is not illustrative of the Fund’s performance. Benchmark indices are not securities in which investments can be made.

The performance data quoted represents past performance. Past performance is not a guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted. Please call 800.826.2333 or visit vaneck.com for performance current to the most recent month ended.

The "Net Asset Value" (NAV) of a Fund is determined at the close of each business day, and represents the dollar value of one share of the fund; it is calculated by taking the total assets of the fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV is not necessarily the same as the ETF 's intraday trading value. Investors should not expect to buy or sell shares at NAV.

All Holdings (%) as of 05/25/23

Download All Fund Holdings »
Total Holdings: 17
Ticker
 Holding Name % of Net
Assets
Identifier (FIGI)
Shares
 Asset Class Market Value
(US$) 		Notional Value
PIT US
VanEck Commodity Strategy ETF 21.29
BBG01C3FR5N9
475,853
Stock 22,064,019 --
OUNZ US
VanEck Merk Gold Shares 20.47
BBG002WYN8V8
1,128,070
Stock 21,207,716 --
IGF US
iShares Global Infrastructure ETF 12.89
BBG000T1GGF6
289,024
Stock 13,358,689 --
GDX US
VanEck Gold Miners ETF/Usa 6.69
BBG000PLNQN7
229,228
Stock 6,936,439 --
EINC US
VanEck Energy Income ETF 5.51
BBG002QM2M43
95,677
Stock 5,709,104 --
XLE US
Energy Select Sector SPDR Fund 5.50
BBG000BJ20S2
72,063
Stock 5,698,742 --
VNQ US
Vanguard Real Estate ETF 4.74
BBG000Q89NG6
62,626
Stock 4,909,878 --
XOP US
SPDR S&P Oil & Gas Exploration & Produc 4.45
BBG000BGB482
37,529
Stock 4,607,060 --
MOO US
VanEck Agribusiness ETF 3.47
BBG000KJ4073
45,259
Stock 3,590,849 --
NURE US
Nuveen Short-Term Reit ETF 3.33
BBG00FJ5J003
119,169
Stock 3,449,943 --
OIH US
VanEck Oil Services ETF 3.24
BBG000D02J82
12,869
Stock 3,360,353 --
SLX US
VanEck Steel ETF 2.82
BBG000Q54VZ8
51,419
Stock 2,922,903 --
PAVE US
Global X Us Infrastructure Development 2.75
BBG00G5CR8N0
103,429
Stock 2,851,538 --
PICK US
iShares Msci Global Metals & Mining Pro 2.21
BBG002GKR8T5
60,186
Stock 2,285,262 --
GLDM US
SPDR Gold MiniShares Trust 0.22
BBG00L8YYP89
5,993
Stock 230,790 --
IAU US
iShares Gold Trust 0.22
BBG000QLKDR4
6,254
Stock 229,897 --
IAUF US
iShares Gold Strategy ETF 0.00
BBG00L3F2M50
61
Stock 3,548 --
--
Other/Cash 0.20
--
0
 Cash 207,688 --
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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 4,275,000. 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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