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RAAX
VanEck Inflation Allocation ETF

RAAX - ETF.com's Best New Alternative ETF

Fund Description

VanEck Inflation Allocation ETF (the "Fund") seeks long-term total return. In pursuing long-term total return, the Fund seeks to maximize real returns while seeking to reduce downside risk during sustained market declines. The Fund primarily allocates to exchange-traded products that provide exposure to inflation fighting real assets including resource assets: commodities, natural resource equities; income assets: REITs, Infrastructure, MLPs; and financial assets: gold, bitcoin.

 
 

  • Fund Ticker

    RAAX

  • Exchange

    NYSE Arca

  • Administrator

    Van Eck Absolute Return Advisers Corporation

  • Inception Date

    04/09/2018

 
as of 09/30/22

  • Total Net Assets

    $131.6M

  • Number of Holdings

    19

  • Options

    No

  • Gross Expense Ratio2

    1.78%

  • Net Expense Ratio/TER2

    0.74%

  • Distribution Frequency

    Annual

  • Next Distribution Date

    12/27/2022
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Fund FAQ
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Key Points

  • Exposure to key inflation fighting assets

  • Adapts to a wide variety of inflationary regimes

  • Responds to changing risk environment

  • No K-1s – Access to real assets without burdensome K-1 tax reporting

Trading Information

  • Fund Ticker

    RAAX

  • NAV

    RAAXNV

  • Intraday NAV (IIV)4

    RAAXIV

  • Shares Outstanding

    5,775,000

  • Estimated Cash

    RAAXEU

  • Total Cash

    RAAXTC

  • CUSIP

    92189F130

  • ISIN

    US92189F1306
Source: Bloomberg

Fees and Expenses2

  • Management Fee

    0.50%

  • Other Expenses

    1.10%

  • Acquired Fund Fees and Expenses

    0.18%

  • Gross Expense Ratio

    1.78%

  • Fee Waivers and
    Expense Reimbursement

    -1.04%

  • Net Expense Ratio/TER2

    0.74%

2Expenses for RAAX are capped contractually at 0.55% until February 1, 2023. Cap excludes acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses.

Investment Professionals

  • Portfolio Manager for Inflation Allocation Strategy and Municipal Allocation Strategy; Head of the VanEck Quantitative Investment Solutions (QIS) Team
  • Joined VanEck in 2012
  • Prior to VanEck, Director and Portfolio Manager within the UBS Portfolio Strategy Group
  • Previously, sales and client relationship roles at Oppenheimer & Co. and Georgeson, Inc.
  • MBA, Finance, New York University
  • BS, Business Economics, State University of New York College at Cortland
  • Deputy Portfolio Manager for Inflation Allocation Strategy and Municipal Allocation Strategy
  • Joined VanEck in 2007
  • Prior to his current role, served as Settlements Supervisor and Administrator at VanEck
  • BS, Business Administration (concentration in Financial Analysis), State University of New York at Buffalo

Prices as of 09/30/22

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
RAAX $22.79
$22.73 		41,345
14,340 		$-0.09 / -0.39%
$-0.22 / -- 		--
-- 		$-0.06
-0.27% 		0.20%

Premium/Discount History as of 09/30/22

Calendar Year 2021 4Q 2021 1Q 2022 2Q 2022 3Q 2022 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 113 30 44 58 38
RAAX Days closed at NAV 55 11 10 1 6
Days closed at a discount 84 23 8 3 20

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

  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
04/09/18
RAAX (NAV) -1.98 -9.71 0.19 4.86 5.12 -- -- 3.66
RAAX (Share Price) -1.97 -10.20 0.12 4.76 5.10 -- -- 3.66
Bloomberg Commodity Index 0.09 -6.89 23.59 27.72 17.15 -- -- 8.84
  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
04/09/18
RAAX (NAV) -10.50 -11.98 -0.68 4.12 4.44 -- -- 3.60
RAAX (Share Price) -10.49 -11.95 -0.20 4.74 4.59 -- -- 3.73
Bloomberg Commodity Index -10.77 -5.66 18.44 24.27 14.34 -- -- 8.11

*Returns less than one year are not annualized.

All benchmark indices are unmanaged and include the reinvestment of all dividends, but do not reflect the payment of transaction costs, advisory fees or expenses that are associated with an investment in the Fund. An index’s performance is not illustrative of the Fund’s performance. Benchmark indices are not securities in which investments can be made.

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.

All Holdings (%) as of 09/29/22 Download All Fund Holdings »

Total Holdings: 19
Ticker
 Holding Name % of Net
Assets
Identifier (FIGI)
Shares
 Asset Class Market Value
(US$) 		Notional Value
PDBC US
 Invesco Optimum Yield Diversified Commo 22.60
BBG007HL81C5
1,823,380
 Stock 29,866,964 --
OUNZ US
 VanEck Merk Gold Shares 17.48
BBG002WYN8V8
1,434,027
 Stock 23,102,175 --
IGF US
 iShares Global Infrastructure ETF 12.62
BBG000T1GGF6
392,580
 Stock 16,676,798 --
VNQ US
 Vanguard Real Estate ETF 7.27
BBG000Q89NG6
121,120
 Stock 9,602,394 --
EINC US
 VanEck Energy Income ETF 6.07
BBG002QM2M43
140,459
 Stock 8,023,945 --
XLE US
 Energy Select Sector SPDR Fund 5.43
BBG000BJ20S2
98,853
 Stock 7,176,728 --
XOP US
 SPDR S&P Oil & Gas Exploration & Produc 4.83
BBG000BGB482
51,194
 Stock 6,385,428 --
GDX US
 VanEck Gold Miners ETF/Usa 4.15
BBG000PLNQN7
231,645
 Stock 5,487,670 --
MOO US
 VanEck Agribusiness ETF 3.98
BBG000KJ4073
64,722
 Stock 5,264,487 --
OIH US
 VanEck Oil Services ETF 2.84
BBG000D02J82
17,667
 Stock 3,747,524 --
SLX US
 VanEck Steel ETF 2.52
BBG000Q54VZ8
69,857
 Stock 3,328,686 --
PAVE US
 Global X Us Infrastructure Development 2.47
BBG00G5CR8N0
140,499
 Stock 3,260,982 --
PICK US
 iShares Msci Global Metals & Mining Pro 2.12
BBG002GKR8T5
81,757
 Stock 2,797,725 --
REMX US
 VanEck Rare Earth And Strategic Metals 1.91
BBG0018555F4
29,992
 Stock 2,519,928 --
GDXJ US
 VanEck Junior Gold Miners ETF 1.72
BBG000PTYMS2
79,239
 Stock 2,267,028 --
NURE US
 Nuveen Short-Term Reit ETF 1.00
BBG00FJ5J003
45,050
 Stock 1,322,893 --
IAUF US
 iShares Gold Strategy ETF 0.35
BBG00L3F2M50
9,071
 Stock 457,155 --
GLDM US
 SPDR Gold MiniShares Trust 0.15
BBG00L8YYP89
5,993
 Stock 197,709 --
IAU US
 iShares Gold Trust 0.15
BBG000QLKDR4
6,254
 Stock 197,126 --
--
Other/Cash 0.34
--
0
 Cash 453,853 --
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These are not recommendations to buy or to sell any security. Securities and holdings will vary at times. The holdings presented reflect unsettled trade activity from creation and/or redemption transactions from the prior business day and may differ from the holdings information used to calculate the Fund's net asset value. The adjusted shares outstanding is 5,775,000. This includes any changes in shares outstanding due to creations or redemptions on the previous business day, and may differ from the information used to calculate the fund's net asset value.