REMXVanEck Rare Earth/Strategic Metals ETF
Fund Description
VanEck Rare Earth/Strategic Metals ETF (REMX®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS®Global Rare Earth/Strategic Metals Index (MVREMXTR), which is intended to track the overall performance of companies involved in producing, refining, and recycling of rare earth and strategic metals and minerals.
-
Fund Ticker
REMX -
Exchange
NYSE Arca -
Inception Date
10/27/2010 -
ETF Structure
Physical -
Administrator
Van Eck Associates -
Index Ticker
MVREMXTR -
Index Rebalancing
Quarterly
as of 03/24/23
-
30-Day SEC Yield1
1.01% -
Total Net Assets
$568.4M -
Number of Holdings
25 -
Options
Available -
Gross Expense Ratio2
0.53% -
Net Expense Ratio/TER2
0.53% -
Distribution Frequency
Annual -
Next Distribution Date
12/15/2023
Key Documents and Links
What Are Rare Earth/Strategic Metals? How Are They Used?
Rare earth/strategic metals are industrial metals that are typically mined as by-products in operations focused on precious metals and base metals. Compared to base metals, they have more specialized uses and are often more difficult to extract. Currently, some 44 elements in the periodic table are considered rare earth/strategic metals, and include cerium, manganese, titanium and tungsten. Strategic metals are used in myriad technologies such as jet engines, hybrid cars, steel alloys, wind turbines, flat screen televisions and cellular phones. Rare earth metals, a subset of strategic metals, are a collection of 17 chemical elements that are essential in many of today’s most advanced technologies, with particular applications in electronics.
Fund Highlights
- One-Trade Access to the Rare Earth/Strategic Metals Industry
Many of the world’s most advanced technologies rely on rare earth & strategic metals
- Pure Play, Comprehensive, Global Exposure
Companies must derive at least 50% of total revenues from the rare earth/strategic metals industry to be added to the Index and may include A-shares issued by Shanghai-listed companies trading via Shanghai-Hong Kong Stock Connect
- Industry Known for Volatility
Rapidly changing supply and demand dynamics, government defense implications, and heavy China involvement have driven significant volatility in the industry historically
Trading Information
-
Fund Ticker
REMX -
Index Total Return Ticker
MVREMXTR -
NAV
REMXNV -
Intraday NAV (IIV)4
REMXIV -
Shares Outstanding
7,574,987 -
Estimated Cash
REMXEU -
Total Cash
REMXTC -
CUSIP
92189H805 -
ISIN
US92189H8051
Fees and Expenses2
-
Management Fee
0.50% -
Other Expenses
0.03% -
Gross Expense Ratio
0.53% -
Fee Waivers and
--
Expense Reimbursement -
Net Expense Ratio/TER2
0.53%
2 Expenses for REMX are capped contractually at 0.57% until May 1, 2023. Cap excludes acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses.
Investment Professionals
Peter Liao, CFA
- Portfolio Manager and Head of Equity ETFs
- Oversees the Equity ETF Investment Management Team including development and management of index replication and optimization strategies
- Joined VanEck in 2005
- CFA charterholder; member of the CFA Society New York
- BA, Mathematics and Economics, New York University
Griffin Driscoll
- Analyst for Equity ETFs
- Joined VanEck in 2018
- Prior to joining VanEck, ETF Basket Operations Analyst at JPMorgan
- BS, Finance, Providence College
Ralph Lasta
- Analyst for Equity ETFs
- Joined VanEck in 2019
- Prior to VanEck, Intermediate Representative, Exchange Traded Funds at BNY Mellon.
- BS, Accounting, Hunter College
Performance History: Average Annual Total Returns* (%)
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR |
LIFE 10/27/10 |
|
---|---|---|---|---|---|---|---|---|
REMX (NAV) | -10.65 | -7.49 | 11.12 | -21.69 | 39.25 | 3.01 | -2.13 | -4.92 |
REMX (Share Price) | -10.91 | -8.89 | 11.44 | -22.21 | 40.62 | 3.04 | -2.07 | -4.92 |
MVREMXTR (Index) | -9.03 | -4.87 | 12.00 | -22.26 | 39.32 | 2.19 | -2.70 | -5.46 |
Performance Differential (NAV - Index) | -1.62 | -2.62 | -0.88 | 0.57 | -0.07 | 0.82 | 0.57 | 0.54 |
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR |
LIFE 10/27/10 |
|
---|---|---|---|---|---|---|---|---|
REMX (NAV) | -16.75 | -7.06 | -30.68 | -30.68 | 26.78 | 1.07 | -3.97 | -5.81 |
REMX (Share Price) | -18.24 | -7.21 | -31.08 | -31.08 | 26.82 | 0.81 | -3.95 | -5.82 |
MVREMXTR (Index) | -15.07 | -7.38 | -32.23 | -32.23 | 26.01 | 0.21 | -4.49 | -6.41 |
Performance Differential (NAV - Index) | -1.68 | 0.32 | 1.55 | 1.55 | 0.77 | 0.86 | 0.52 | 0.60 |
Top 10 Holdings (%) as of 02/28/23
Daily HoldingsHolding Name |
Ticker
|
Shares
|
Market Value (US$) |
% of Net Assets |
---|---|---|---|---|
China Northern Rare Earth Group High-Te |
600111 C1
|
12,054,011
|
50,370,753 | 7.85 |
Zhejiang Huayou Cobalt Co Ltd |
603799 C1
|
5,647,069
|
48,040,246 | 7.48 |
Pilbara Minerals Ltd |
PLS AU
|
16,604,993
|
46,370,648 | 7.22 |
Mp Materials Corp |
MP US
|
1,066,166
|
37,315,810 | 5.81 |
Lynas Rare Earths Ltd |
LYC AU
|
6,765,528
|
37,236,361 | 5.80 |
Allkem Ltd |
AKE AU
|
4,604,725
|
35,080,137 | 5.46 |
Livent Corp |
LTHM US
|
1,435,939
|
33,672,770 | 5.24 |
Shenghe Resources Holding Co Ltd |
600392 C1
|
13,797,587
|
31,795,837 | 4.95 |
Xiamen Tungsten Co Ltd |
600549 C1
|
9,549,824
|
31,432,981 | 4.90 |
Sigma Lithium Corp |
SGML US
|
839,233
|
30,178,819 | 4.70 |
Top 10 Total (%) | 59.42 |
Country Weightings (%)
as of 02/28/23
Country | % of Net Assets |
---|---|
● Australia | 36.33 |
● China | 30.77 |
● United States | 16.14 |
● Canada | 6.16 |
● Brazil | 4.70 |
● Netherlands | 3.10 |
● France | 2.69 |
● Other/Cash | 0.10 |
Sector Weightings (%)
as of 02/28/23
Sector | % of Net Assets |
---|---|
● Materials | 99.90 |
● Other/Cash | 0.10 |