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Critical Facts You Need to Know About Preferred Stocks
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VanEck Oil Refiners ETF
ETF
CRAK
Payout Change
Pending
Price as of:
$37.0779
-0.41
-1.09%
primary theme
Energy Sector Equity
CRAK (ETF)
VanEck Oil Refiners ETF
Payout Change
Pending
Price as of:
$37.0779
-0.41
-1.09%
primary theme
Energy Sector Equity
CRAK (ETF)
VanEck Oil Refiners ETF
Payout Change
Pending
Price as of:
$37.0779
-0.41
-1.09%
primary theme
Energy Sector Equity
Name
As of 04/18/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
8.4%
1 yr return
23.3%
3 Yr Avg Return
14.0%
5 Yr Avg Return
7.6%
Net Assets
$40.7 M
Holdings in Top 10
59.9%
52 WEEK LOW AND HIGH
$37.5
$29.01
$40.29
Expenses
OPERATING FEES
Expense Ratio 0.78%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 18.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 04/18/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
CRAK - Profile
Distributions
- YTD Total Return 8.4%
- 3 Yr Annualized Total Return 14.0%
- 5 Yr Annualized Total Return 7.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.32%
- Dividend Yield 3.4%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameVanEck Oil Refiners ETF
-
Fund Family NameVANECKFUND
-
Inception DateAug 18, 2015
-
Shares Outstanding1325000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerPeter Liao
Fund Description
The Fund normally invests at least 80% of its total assets in securities that comprise the Fund’s benchmark index. The Oil Refiners Index includes equity securities and depositary receipts of companies in the global oil refining segment. To be initially eligible for the Oil Refiners Index, companies must generate at least 50% of their revenues from crude oil refining. Products of these companies may include gasoline, diesel, jet fuel, fuel oil, naphtha, and other petrochemicals. Companies which operate in the marketing and distribution of these products may be included in the Oil Refiners Index if refining is performed in company-owned
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refineries. Such companies may include medium-capitalization companies and foreign and emerging market issuers. As of December 31, 2022, the Oil Refiners Index included 25 securities of companies with a market capitalization range of between approximately $1.8 billion and $208 billion and a weighted average market capitalization of $35.2 billion. These amounts are subject to change. The Fund’s 80% investment policy is non-fundamental and may be changed without shareholder approval upon 60 days’ prior written notice to shareholders.
The Fund, using a “passive” or indexing investment approach, attempts to approximate the investment performance of the Oil Refiners Index by investing in a portfolio of securities that generally replicates the Oil Refiners Index. Unlike many investment companies that try to “beat” the performance of a benchmark index, the Fund does not try to “beat” the Oil Refiners Index and does not seek temporary defensive positions that are inconsistent with its investment objective of seeking to replicate the Oil Refiners Index.
The Fund is classified as a non-diversified fund under the Investment Company Act of 1940, as amended (the “Investment Company Act of 1940”), and, therefore, may invest a greater percentage of its assets in a particular issuer. The Fund may concentrate its investments in a particular industry or group of industries to the extent that the Oil Refiners Index concentrates in an industry or group of industries. As of December 31, 2022, the energy sector represented a significant portion of the Fund.
CRAK - Performance
Return Ranking - Trailing
| Period | CRAK Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.4% | -19.3% | 15.5% | 64.18% |
| 1 Yr | 23.3% | -31.0% | 30.8% | 5.97% |
| 3 Yr | 14.0%* | -17.3% | 38.5% | 98.51% |
| 5 Yr | 7.6%* | -4.6% | 15.6% | 59.70% |
| 10 Yr | N/A* | -14.0% | 13.1% | 53.57% |
* Annualized
Return Ranking - Calendar
| Period | CRAK Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 9.7% | -12.5% | 12.1% | 2.99% |
| 2022 | 15.4% | -9.1% | 88.5% | 98.51% |
| 2021 | 8.3% | -16.7% | 94.8% | 97.06% |
| 2020 | -13.5% | -47.8% | 225.8% | 13.24% |
| 2019 | 7.6% | -18.0% | 61.0% | 26.47% |
Total Return Ranking - Trailing
| Period | CRAK Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.4% | -19.3% | 15.5% | 64.18% |
| 1 Yr | 23.3% | -31.0% | 30.8% | 5.97% |
| 3 Yr | 14.0%* | -17.3% | 38.5% | 98.51% |
| 5 Yr | 7.6%* | -4.6% | 15.6% | 59.70% |
| 10 Yr | N/A* | -14.0% | 13.1% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | CRAK Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 13.7% | -11.5% | 14.4% | 2.99% |
| 2022 | 19.1% | -8.0% | 88.5% | 98.51% |
| 2021 | 10.9% | -15.7% | 98.4% | 97.06% |
| 2020 | -11.2% | -44.2% | 225.8% | 13.24% |
| 2019 | 9.1% | -16.5% | 63.2% | 33.82% |
CRAK - Holdings
Concentration Analysis
| CRAK | Category Low | Category High | CRAK % Rank | |
|---|---|---|---|---|
| Net Assets | 40.7 M | 5.1 M | 35.8 B | 79.71% |
| Number of Holdings | 25 | 24 | 217 | 97.10% |
| Net Assets in Top 10 | 20.6 M | 2.02 M | 27.3 B | 79.71% |
| Weighting of Top 10 | 59.93% | 27.8% | 75.6% | 44.93% |
Top 10 Holdings
- Phillips 66 8.25%
- Reliance Industries Ltd 8.20%
- Marathon Petroleum Corp 7.02%
- Valero Energy Corp 6.66%
- Neste Oyj 5.50%
- ORLEN SA 5.28%
- ENEOS Holdings Inc 5.25%
- OMV AG 4.59%
- HF Sinclair Corp 4.59%
- SK Innovation Co Ltd 4.59%
Asset Allocation
| Weighting | Return Low | Return High | CRAK % Rank | |
|---|---|---|---|---|
| Stocks | 100.03% | 70.58% | 100.03% | 1.45% |
| Preferred Stocks | 0.00% | 0.00% | 1.29% | 100.00% |
| Other | 0.00% | -0.02% | 29.47% | 92.75% |
| Convertible Bonds | 0.00% | 0.00% | 0.00% | 100.00% |
| Cash | 0.00% | 0.00% | 30.67% | 100.00% |
| Bonds | 0.00% | 0.00% | 7.44% | 100.00% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | CRAK % Rank | |
|---|---|---|---|---|
| Energy | 97.95% | 0.00% | 100.00% | 42.03% |
| Industrials | 2.05% | 0.00% | 25.16% | 30.43% |
| Utilities | 0.00% | 0.00% | 39.83% | 100.00% |
| Technology | 0.00% | 0.00% | 35.01% | 100.00% |
| Real Estate | 0.00% | 0.00% | 10.91% | 100.00% |
| Healthcare | 0.00% | 0.00% | 0.00% | 100.00% |
| Financial Services | 0.00% | 0.00% | 0.41% | 100.00% |
| Communication Services | 0.00% | 0.00% | 2.65% | 100.00% |
| Consumer Defense | 0.00% | 0.00% | 1.54% | 100.00% |
| Consumer Cyclical | 0.00% | 0.00% | 6.59% | 100.00% |
| Basic Materials | 0.00% | 0.00% | 17.92% | 100.00% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | CRAK % Rank | |
|---|---|---|---|---|
| Non US | 59.86% | 0.00% | 59.86% | 1.45% |
| US | 40.17% | 40.17% | 99.99% | 100.00% |
CRAK - Expenses
Operational Fees
| CRAK Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.78% | 0.08% | 2.84% | 62.32% |
| Management Fee | 0.50% | 0.00% | 1.25% | 37.68% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.06% | 0.25% | N/A |
Sales Fees
| CRAK Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
| CRAK Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | N/A | N/A | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| CRAK Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 18.00% | 5.00% | 382.00% | 19.30% |
CRAK - Distributions
Dividend Yield Analysis
| CRAK | Category Low | Category High | CRAK % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.37% | 0.00% | 6.68% | 7.25% |
Dividend Distribution Analysis
| CRAK | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| CRAK | Category Low | Category High | CRAK % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.32% | -1.80% | 4.54% | 37.68% |
Capital Gain Distribution Analysis
| CRAK | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 22, 2023 | $1.250 | OrdinaryDividend |
| Dec 23, 2022 | $0.960 | OrdinaryDividend |
| Dec 27, 2021 | $0.648 | OrdinaryDividend |
| Dec 28, 2020 | $0.644 | OrdinaryDividend |
| Dec 30, 2019 | $0.413 | OrdinaryDividend |
| Dec 27, 2018 | $0.517 | OrdinaryDividend |
| Dec 22, 2017 | $0.391 | OrdinaryDividend |
| Dec 23, 2016 | $0.713 | OrdinaryDividend |
| Dec 28, 2015 | $0.092 | OrdinaryDividend |
CRAK - Fund Manager Analysis
Managers
Peter Liao
Start Date
Tenure
Tenure Rank
Aug 18, 2015
6.79
6.8%
Mr. Liao has been employed by Van Eck Associates Corporation as an analyst since the summer of 2004 and has been a portfolio manager since 2006. Mr. Liao graduated from New York University in 2004 with a Bachelor of Arts in Economics and Mathematics. He is a CFA charterholder.
Guo Hua (Jason) Jin
Start Date
Tenure
Tenure Rank
Mar 12, 2018
4.22
4.2%
Guo Hua (Jason) Jin has been employed by Van Eck Associates Corporation as an analyst since January 2007 and has been a portfolio manager since 2018. Mr. Jin graduated from the State University of New York at Buffalo in 2004 with a Bachelor of Science degree in Business Administration with a concentration in Financial Analysis.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.33 | 24.18 | 6.97 | 0.54 |
