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RSX
VanEck Russia ETF

Market Update

Shareholder Notice Related to Depository Receipt Fees as of July 11, 2022

Capital Markets Update Related to Russia-Ukraine as of July 12, 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 12/08/22

  • 30-Day SEC Yield1

    --
  • Total Net Assets

    $36.4M
  • Number of Holdings

    34
  • Options

    --
  • Gross Expense Ratio2

    0.97%
  • Net Expense Ratio/TER2

    0.70%
  • Distribution Frequency

    Annual
  • Next Distribution Date

    12/16/2022

Key Documents and Links

Fund Highlights

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
  • 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 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
RSX $0.38
--
--
--
$0.00 / -0.37%
-- / --
-98.58%
--
--
--
--

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
RSX Days closed at a premium 133 39 24 0 0
Days closed at NAV 8 2 0 0 0
Days closed at a discount 111 23 19 0 0

Periods with Elevated Premiums/Discounts

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

Performance History: Average Annual Total Returns* (%)

  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
04/24/07
RSX (NAV) 9.95 2.15 -98.58 -98.58 -73.78 -53.30 -32.40 -23.59
RSX (Share Price) 0.00 0.00 -78.81 -78.88 -35.46 -19.87 -11.42 -9.14
MVRSXTR (Index)5 0.98 -8.50 -39.25 -39.14 -7.99 -0.63 -1.28 -2.81
Performance Differential (NAV - Index) 8.97 10.65 -59.33 -59.44 -65.79 -52.67 -31.12 -20.78
  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
04/24/07
RSX (NAV) -6.91 -14.34 -98.71 -98.80 -74.04 -54.41 -33.28 -24.27
RSX (Share Price) 0.00 0.00 -78.81 -80.30 -34.12 -20.32 -11.71 -9.23
MVRSXTR (Index)5 -19.76 -22.80 -46.72 -50.63 -10.06 -3.70 -2.93 -3.66
Performance Differential (NAV - Index) 12.85 8.46 -51.99 -48.17 -63.98 -50.71 -30.35 -20.61

Top 10 Holdings (%) as of 11/30/22

Daily Holdings
Total Holdings: 34
Holding Name
Ticker
Shares
Market Value
(US$)
% of Net
Assets
Veon Ltd
VEON US
12,299,567
7,379,740 20.28
Polymetal International Plc
POLY LN
2,980
8,538 0.02
Irkutsk Electronetwork Co Jsc
IESK RU
7,410,870
7 0.00
Evraz Plc
EVR LN
266,000
0 0.00
X5 Retail Group Nv
FIVE LI
1,970,269
0 0.00
Gazprom Pjsc
GAZP RM
45,772,138
0 0.00
Mmc Norilsk Nickel Pjsc
GMKN RM
529,178
0 0.00
Inter Rao Ues Pjsc
IRAO RM
482,502,010
0 0.00
Lukoil Pjsc
LKOH RM
2,063,982
0 0.00
Magnit Pjsc
MGNT RM
1,226,365
0 0.00
Top 10 Total (%) 20.30
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These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%)
as of 11/30/22

Country % of Net Assets
Russia 20.30
Other/Cash 79.70

Sector Weightings (%)
as of 11/30/22

Sector % of Net Assets
Communication Services 20.28
Materials 0.02
Other/Cash 79.70

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