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VanEck Inflation Allocation ETF
Active ETF
RAAX
Payout Change
Pending
Price as of:
$27.14
-0.05
-0.18%
primary theme
U.S. Balanced Allocation
RAAX (ETF)
VanEck Inflation Allocation ETF
Payout Change
Pending
Price as of:
$27.14
-0.05
-0.18%
primary theme
U.S. Balanced Allocation
RAAX (ETF)
VanEck Inflation Allocation ETF
Payout Change
Pending
Price as of:
$27.14
-0.05
-0.18%
primary theme
U.S. Balanced Allocation
Name
As of 04/19/2024Price
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
6.3%
1 yr return
9.6%
3 Yr Avg Return
8.2%
5 Yr Avg Return
6.1%
Net Assets
$81.8 M
Holdings in Top 10
99.3%
52 WEEK LOW AND HIGH
$27.2
$24.05
$27.98
Expenses
OPERATING FEES
Expense Ratio 0.96%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 76.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 04/19/2024Price
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
RAAX - Profile
Distributions
- YTD Total Return 6.3%
- 3 Yr Annualized Total Return 8.2%
- 5 Yr Annualized Total Return 6.1%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.58%
- Dividend Yield 3.4%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameVanEck Inflation Allocation ETF
-
Fund Family NameVANECKFUND
-
Inception DateApr 09, 2018
-
Shares Outstanding4925000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDavid Schassler
Fund Description
The Fund is an actively managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective by investing, under normal circumstances, primarily in exchange traded products that provide exposure to real assets through investment in domestic and foreign equity and debt securities, master limited partnerships (“MLPs”), and commodities, including ETFs and non-Investment Company Act of 1940, commodity pools or commodity trusts and exchange traded notes (“ETNs”) (collectively, “ETPs”). Real assets include commodities (such as gold), real estate, natural resources and infrastructure, as well as companies that own, operate, or derive a significant portion of their value from real assets or the production thereof. The investments held by the ETPs may include physical assets and equity securities of companies of any market capitalization, debt securities of any credit quality (including high-yield (or “junk”) securities), duration and maturity and emerging market securities. The Fund seeks to maximize “real returns” while seeking to reduce downside risk during sustained market declines. “Real returns” are defined as total returns adjusted for the effects of inflation.
The Adviser uses a proprietary quantitatively driven investment process that considers various inputs to guide asset allocation decisions and select real asset investments (and to thereby select ETPs that provide exposure to those real asset classes). The process uses various quantitative indicators to generate allocation signals among real asset investments. These signals are used as an input to guide which ETPs to allocate to.
The indicators used in the investment process may include, but are not limited to, equity price trends, commodity price trends, volatility (the measure of variation of returns for a given security or market index), and asset price correlations. The Adviser anticipates that the quantitatively based investment process will evolve over time and may incorporate additional indicators and/or remove or modify existing indicators. The Adviser may adjust the Fund's portfolio allocations, as needed, in response to
the signal changes generated from the investment process. The Fund may engage in active and frequent trading of portfolio securities.
The Fund will invest in certain ETPs through the Subsidiary, an exempted limited company organized under the laws of the Cayman Islands. The Subsidiary is wholly owned and controlled by the Fund and is advised by the Adviser. The Fund’s investment in the Subsidiary will generally not exceed 25% of the value of the Fund’s total assets at each quarter-end of the Fund's fiscal year. The Fund's investment in the Subsidiary, via the Subsidiary’s investment in ETPs, generally provides the Fund with exposure to commodities and futures and derivatives of commodities (“Commodities Instruments”) within the limits of the federal tax laws, which limit the ability of investment companies like the Fund to invest directly in such instruments. The Subsidiary has the same investment objective as the Fund and will follow the same general investment policies and restrictions except that, unlike the Fund, it may invest, via its investment in ETPs, without limit in Commodities Instruments.
Except as noted, for purposes of this Prospectus, references to the Fund’s investment strategies and risks include those of its Subsidiary. The Fund complies with the provisions of the Investment Company Act of 1940, governing investment policies (Section 8) and capital structure and leverage (Section 18) on an aggregate basis with the Subsidiary. The Subsidiary will comply with the Investment Company Act of 1940 provisions governing affiliate transactions and custody of assets.
RAAX - Performance
Return Ranking - Trailing
| Period | RAAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 6.3% | -1.9% | 20.7% | 1.68% |
| 1 Yr | 9.6% | -10.3% | 37.1% | 54.41% |
| 3 Yr | 8.2%* | -7.4% | 8.0% | 0.15% |
| 5 Yr | 6.1%* | -4.7% | 13.5% | 52.13% |
| 10 Yr | N/A* | 0.4% | 10.6% | 54.23% |
* Annualized
Return Ranking - Calendar
| Period | RAAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 3.0% | -12.2% | 23.9% | 92.41% |
| 2022 | 0.0% | -34.7% | 0.0% | 0.14% |
| 2021 | 11.8% | -11.9% | 18.1% | 9.29% |
| 2020 | -13.7% | -20.9% | 39.7% | 99.38% |
| 2019 | 3.6% | 0.8% | 25.7% | 99.68% |
Total Return Ranking - Trailing
| Period | RAAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 6.3% | -1.9% | 20.7% | 1.68% |
| 1 Yr | 9.6% | -10.3% | 37.1% | 54.41% |
| 3 Yr | 8.2%* | -7.4% | 8.0% | 0.15% |
| 5 Yr | 6.1%* | -4.7% | 13.5% | 52.13% |
| 10 Yr | N/A* | 0.4% | 10.6% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | RAAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 6.7% | -12.2% | 26.8% | 95.36% |
| 2022 | 1.5% | -29.0% | 10.9% | 1.00% |
| 2021 | 21.6% | -3.0% | 24.2% | 0.74% |
| 2020 | -8.3% | -19.5% | 40.6% | 99.38% |
| 2019 | 6.1% | 4.4% | 32.7% | 99.84% |
RAAX - Holdings
Concentration Analysis
| RAAX | Category Low | Category High | RAAX % Rank | |
|---|---|---|---|---|
| Net Assets | 81.8 M | 789 K | 217 B | 86.48% |
| Number of Holdings | 18 | 2 | 15716 | 76.84% |
| Net Assets in Top 10 | 108 M | 618 K | 62.8 B | 73.23% |
| Weighting of Top 10 | 99.31% | 11.4% | 121.1% | 13.73% |
Top 10 Holdings
- VanEck Commodity Strategy ETF 20.38%
- State Street Navigator Securities Lending Government Money Market Portfolio 17.29%
- VanEck Merk Gold Shares 16.61%
- iShares Global Infrastructure ETF 12.25%
- iShares Gold Strategy ETF 7.28%
- Energy Select Sector SPDR Fund 5.86%
- VanEck Energy Income ETF 5.78%
- SPDR SP Oil Gas Exploration Production ETF 5.04%
- Vanguard Real Estate ETF 4.83%
- VanEck Oil Services ETF 3.98%
Asset Allocation
| Weighting | Return Low | Return High | RAAX % Rank | |
|---|---|---|---|---|
| Stocks | 99.96% | 0.00% | 103.09% | 8.04% |
| Cash | 17.29% | -10.21% | 100.00% | 3.33% |
| Preferred Stocks | 0.00% | 0.00% | 23.88% | 92.51% |
| Other | 0.00% | -42.80% | 117.44% | 88.21% |
| Convertible Bonds | 0.00% | 0.00% | 23.84% | 99.02% |
| Bonds | 0.00% | 0.00% | 77.27% | 95.42% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | RAAX % Rank | |
|---|---|---|---|---|
| Energy | 35.76% | 0.00% | 85.65% | 1.12% |
| Basic Materials | 25.57% | 0.00% | 33.35% | 0.56% |
| Real Estate | 20.46% | 0.00% | 65.01% | 2.38% |
| Industrials | 9.17% | 0.00% | 24.37% | 69.89% |
| Utilities | 5.05% | 0.00% | 99.55% | 16.39% |
| Consumer Defense | 1.88% | 0.00% | 15.14% | 93.98% |
| Healthcare | 1.57% | 0.00% | 29.35% | 95.66% |
| Consumer Cyclical | 0.24% | 0.00% | 19.36% | 98.04% |
| Technology | 0.18% | 0.00% | 44.21% | 99.02% |
| Communication Services | 0.12% | 0.00% | 38.10% | 96.22% |
| Financial Services | 0.01% | 0.00% | 38.77% | 98.60% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | RAAX % Rank | |
|---|---|---|---|---|
| US | 99.96% | 0.00% | 103.09% | 8.04% |
| Non US | 0.00% | 0.00% | 38.68% | 91.82% |
RAAX - Expenses
Operational Fees
| RAAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.96% | 0.03% | 17.63% | 54.42% |
| Management Fee | 0.50% | 0.00% | 1.83% | 57.66% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.83% | N/A |
Sales Fees
| RAAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.25% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| RAAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.00% | 2.00% | 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.
| RAAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 76.00% | 0.00% | 343.00% | 77.74% |
RAAX - Distributions
Dividend Yield Analysis
| RAAX | Category Low | Category High | RAAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.44% | 0.00% | 18.10% | 20.69% |
Dividend Distribution Analysis
| RAAX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annual | Quarterly | Quarterly |
Net Income Ratio Analysis
| RAAX | Category Low | Category High | RAAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.58% | -2.34% | 19.41% | 77.97% |
Capital Gain Distribution Analysis
| RAAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 29, 2023 | $0.936 | OrdinaryDividend |
| Dec 30, 2022 | $0.378 | OrdinaryDividend |
| Dec 31, 2021 | $2.163 | OrdinaryDividend |
| Jan 05, 2021 | $1.392 | OrdinaryDividend |
| Dec 30, 2019 | $0.609 | OrdinaryDividend |
| Dec 27, 2018 | $0.139 | OrdinaryDividend |
RAAX - Fund Manager Analysis
Managers
David Schassler
Start Date
Tenure
Tenure Rank
Apr 09, 2018
4.15
4.2%
Mr. Schassler joined VanEck in 2012. He serves as the Head of VanEck’s Portfolio and Risk Solutions Group “PARS”. PARS serves as a quantitative analysis resource for VanEck’s active and passive investment strategies, particularly in the areas of asset allocation and risk modeling. PARS also conducts its own asset allocation and product development research, utilizing objective macroeconomic/ fundamental, technical, and sentiment data and metrics. Mr. Schassler also serves as Portfolio Manager for the VanEck NDR Managed Allocation Fund and the VanEck Vectors Real Asset Allocation ETF. He previously served as Director of Manager Research and as an Investment Committee Member for VanEck’s multi-manager alternatives strategies, where he was responsible for manager search and selection of alternative investment strategies. Prior to joining VanEck, Mr. Schassler served as Director and Portfolio Manager within the UBS Portfolio Strategy Group where he was responsible for a multi-manager portfolio of assets for domestic-based clients. He previously held sales and client relationship roles at Oppenheimer & Co. and Georgeson, Inc. Mr. Schassler received an MBA in Finance from the New York University Leonard N. Stern School of Business and a BS in Business Economics from Cortland College.
John Lau
Start Date
Tenure
Tenure Rank
Feb 01, 2021
1.33
1.3%
Mr. Lau has been with Van Eck Associates Corporation since 2007.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 34.51 | 6.34 | 2.41 |
