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RSX
VanEck Russia ETF

Market Update

Capital Markets Update Related to Russia-Ukraine as of June 10, 2022

Van Eck Associates Corporation (VEAC) has implemented a voluntary waiver of its management fee for the Fund. This voluntary waiver may be eliminated by VEAC at any time.

On Friday, March 4, at 4:20 pm ET, the Cboe BZX Exchange (Cboe) halted trading of the VanEck Russia ETF (RSX). Since trading is halted, the Fund no longer has a daily closing price and a premium/discount to NAV cannot be calculated.

Effective March 3, the VanEck Russia ETF temporarily suspended the creation of new shares until further notice. Please refer to the press release for further details.

Fund Description

 
 

  • Fund Ticker

    RSX

  • Exchange

    Cboe

  • Inception Date

    04/24/2007

  • ETF Structure

    Physical

  • Administrator

    Van Eck Associates

  • Index Ticker

    MVRSXTR

  • Index Rebalancing

    Quarterly

 
as of 07/01/22

  • 30-Day SEC Yield1

    --

  • Total Net Assets

    $38.3M

  • Number of Holdings

    31

  • Options

    --

  • Gross Expense Ratio2

    0.97%

  • Net Expense Ratio/TER2

    0.70%

  • Distribution Frequency

    Annual

  • Next Distribution Date

    12/16/2022
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Key Points

Trading Information

  • Fund Ticker

    RSX

  • Index Total Return Ticker

    MVRSXTR

  • NAV

    RSXNV

  • Intraday NAV (IIV)4

    RSXIV

  • Shares Outstanding

    95,900,000

  • Estimated Cash

    RSXEU

  • Total Cash

    RSXTC

  • CUSIP

    92189F403

  • ISIN

    US92189F4037
Source: Bloomberg

Fees and Expenses2

  • Management Fee

    0.50%

  • Other Expenses

    0.47%

  • Gross Expense Ratio

    0.97%

  • Fee Waivers and
    Expense Reimbursement

    -0.27%

  • Net Expense Ratio/TER2

    0.70%

2Expenses for RSX are capped contractually at 0.62% until May 1, 2023. Cap excludes acquired fund fees and expenses, interest expense, depositary receipt fees up to 0.10% of the Fund’s average daily net assets, trading expenses, taxes and extraordinary expenses.

Investment Professionals

  • 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
  • Portfolio Manager and Analyst for Equity ETFs
  • Joined VanEck in 2007
  • Prior to his current role, held a portfolio administration position at VanEck
  • Previously, Portfolio Analyst at Evaluation Associates
  • BS, Business Administration (concentration in Financial Analysis), State University of New York at Buffalo
  • Analyst for Equity ETFs
  • Joined VanEck in 2018
  • Prior to joining VanEck, ETF Basket Operations Analyst at JPMorgan
  • BS, Finance, Providence College
  • Analyst for Equity ETFs
  • Joined VanEck in 2019
  • Prior to VanEck, Intermediate Representative, Exchange Traded Funds at BNY Mellon.
  • BS, Accounting, Hunter College

Prices as of 07/01/22

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
RSX $0.40
-- 		--
-- 		$0.00 / -0.95%
-- / -- 		-98.51%
-- 		$0.00
-- 		--

Premium/Discount History as of 07/01/22

Calendar Year 2021 3Q 2021 4Q 2021 1Q 2022 2Q 2022 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 133 25 39 24 0
RSX Days closed at NAV 8 2 2 0 0
Days closed at a discount 111 37 23 19 0

Periods with Elevated Premiums/Discounts

End Date Trading Days Reason / Contributing Factors
03/04/22 9 Market Volatility


Table presents periods when premium or discount was greater than 2% for seven or more consecutive days. Explanations of contributing factors are for informational purposes only and represent what VanEck reasonably believes to have contributed to the premium or discount at the time.

Performance History: Average Annual Total Returns* (%)
View All ETFs View All Indices

  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
04/24/07
RSX (NAV) -7.15 -95.98 -98.82 -98.81 -74.43 -54.18 -32.62 -25.21
RSX (Share Price) -- -47.93 -78.81 -78.76 -32.95 -18.37 -10.06 -9.43
MVRSXTR (Index)5 8.19 108.81 -35.98 -35.33 -2.77 2.39 0.70 -2.56
Performance Differential (NAV - Index) -15.34 -204.79 -62.84 -63.48 -71.66 -56.57 -33.32 -22.65
  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
04/24/07
RSX (NAV) -95.64 -98.72 -98.72 -98.60 -73.29 -53.85 -33.76 -25.04
RSX (Share Price) -47.93 -78.81 -78.81 -76.85 -31.84 -19.10 -12.33 -9.53
MVRSXTR (Index)5 -50.16 -84.72 -84.72 -83.15 -38.63 -23.83 -14.96 -11.50
Performance Differential (NAV - Index) -45.48 -14.00 -14.00 -15.45 -34.66 -30.02 -18.80 -13.54

*Returns less than one year are not annualized.

†Index data prior to March 19, 2012 reflects that of the DAXglobal Russia+ Index (DXRPUS). From March 19, 2012, forward, the index data reflects that of the Fund's underlying index, MVIS Russia Total Return Index (MVRSXTR). Index history which includes periods prior to March 19, 2012 reflects a blend of the performance of DXRPUS and MVRSXTR and is not intended for third party use.

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.

Top 10 Holdings (%) as of 05/31/22 Daily Holdings

Total Holdings: 31
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full data
Holding Name
Ticker
Shares
 Market Value
(US$) 		% of Net
Assets
Veon Ltd
VEON US
12,299,567
 5,977,590 19.82
Gazprom Pjsc
OGZD LI
22,886,069
 228,861 0.76
Rosneft Oil Co Pjsc
ROSN LI
16,922,345
 169,223 0.56
Surgutneftegas Pjsc
SGGD LI
15,805,736
 158,057 0.52
Inter Rao Ues Pjsc
IRAO RM
625,132,010
 99,227 0.33
Mobile Telesystems Pjsc
MBT US
7,426,519
 74,265 0.25
Magnit Pjsc
MGNT LI
6,131,826
 61,318 0.20
Mmc Norilsk Nickel Pjsc
MNOD LI
5,291,784
 52,918 0.18
Tatneft Pjsc
ATAD LI
3,573,912
 35,739 0.12
Severstal Pao
SVST LI
3,409,691
 34,097 0.11
Top 10 Total (%) 22.84
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 05/31/22

  • Country

    % of Net Assets
  • ■

    Russia

    23.37
  • ■

    Cyprus

    0.14
  • ■

    Other/Cash

    76.49

Sector Weightings (%) as of 05/31/22

  • Sector

    % of Net Assets
  • ■

    Communication Services

    20.2
  • ■

    Energy

    2.1
  • ■

    Materials

    0.5
  • ■

    Utilities

    0.3
  • ■

    Consumer Staples

    0.3
  • ■

    Consumer Discretionary

    0.1
  • ■

    Financials

    0.1
  • ■

    Other/Cash

    76.5