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REMX
VanEck Rare Earth/Strategic Metals ETF

Fund Description

VanEck Rare Earth/Strategic Metals ETF (REMX®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS®Global Rare Earth/Strategic Metals Index (MVREMXTR), which is intended to track the overall performance of companies involved in producing, refining, and recycling of rare earth and strategic metals and minerals.

 
 

  • Fund Ticker

    REMX
  • Exchange

    NYSE Arca
  • Inception Date

    10/27/2010
  • ETF Structure

    Physical
  • Administrator

    Van Eck Associates
  • Index Ticker

    MVREMXTR
  • Index Rebalancing

    Quarterly

 
as of 09/26/22

  • 30-Day SEC Yield1

    0.90%
  • Total Net Assets

    $725.3M
  • Number of Holdings

    27
  • Options

    Available
  • Gross Expense Ratio2

    0.53%
  • Net Expense Ratio/TER2

    0.53%
  • Distribution Frequency

    Annual
  • Next Distribution Date

    12/16/2022

Morningstar™ Ratings3
as of 08/31/2022

Category Overall 3 Year 5 Year
Equity Precious Metals
5 stars of 68 funds
5 stars of 68 funds
5 stars of 61 funds

Morningstar Ratings: When applicable, ratings shown when the ETF is rated three stars or more for any given period. For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics.

© Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

What Are Rare Earth/Strategic Metals? How Are They Used?

Rare earth/strategic metals are industrial metals that are typically mined as by-products in operations focused on precious metals and base metals. Compared to base metals, they have more specialized uses and are often more difficult to extract. Currently, some 44 elements in the periodic table are considered rare earth/strategic metals, and include cerium, manganese, titanium and tungsten. Strategic metals are used in myriad technologies such as jet engines, hybrid cars, steel alloys, wind turbines, flat screen televisions and cellular phones. Rare earth metals, a subset of strategic metals, are a collection of 17 chemical elements that are essential in many of today’s most advanced technologies, with particular applications in electronics. 

 

Key Points

  • One-Trade Access to the Rare Earth/Strategic Metals Industry
    Many of the world’s most advanced technologies rely on rare earth & strategic metals

  • Pure Play, Comprehensive, Global Exposure
    Companies must derive at least 50% of total revenues from the rare earth/strategic metals industry to be added to the Index and may include A-shares issued by Shanghai-listed companies trading via Shanghai-Hong Kong Stock Connect

  • Industry Known for Volatility 
    Rapidly changing supply and demand dynamics, government defense implications, and heavy China involvement have driven significant volatility in the industry historically

Trading Information

  • Fund Ticker

    REMX
  • Index Total Return Ticker

    MVREMXTR
  • NAV

    REMXNV
  • Intraday NAV (IIV)4

    REMXIV
  • Shares Outstanding

    8,524,987
  • Estimated Cash

    REMXEU
  • Total Cash

    REMXTC
  • CUSIP

    92189H805
  • ISIN

    US92189H8051
Source: Bloomberg

Fees and Expenses2

  • Management Fee

    0.50%
  • Other Expenses

    0.03%
  • Gross Expense Ratio

    0.53%
  • Fee Waivers and
    Expense Reimbursement

    --
  • Net Expense Ratio/TER2

    0.53%

2Expenses for REMX are capped contractually at 0.57% until May 1, 2023. Cap excludes acquired fund fees and expenses, interest expense, 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 09/26/22

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
REMX $85.07
$84.45
110,040
101,992
$-2.35 / -2.69%
$-1.40 / -1.63%
-23.85%
-24.73%
$-0.62
-0.73%
0.33%

Premium/Discount History as of 09/26/22

Calendar Year 2021 3Q 2021 4Q 2021 1Q 2022 2Q 2022 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 133 32 29 35 28
REMX Days closed at NAV 0 0 0 1 0
Days closed at a discount 119 32 35 26 34

Performance History: Average Annual Total Returns* (%)

  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
10/27/10
REMX (NAV) 3.55 -5.78 -14.01 -13.76 41.35 11.61 -0.96 -4.24
REMX (Share Price) 4.01 -5.56 -14.24 -14.29 41.59 11.48 -1.02 -4.23
MVREMXTR (Index) 5.87 -8.87 -16.11 -15.87 40.32 10.66 -1.63 -4.89
Performance Differential (NAV - Index) -2.32 3.09 2.10 2.11 1.03 0.95 0.67 0.65
  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
10/27/10
REMX (NAV) -14.67 -26.34 -22.12 7.36 27.54 15.62 -2.98 -5.11
REMX (Share Price) -14.79 -26.61 -22.63 7.71 27.17 15.65 -3.05 -5.13
MVREMXTR (Index) -18.24 -29.65 -24.74 4.59 26.25 14.31 -3.69 -5.83
Performance Differential (NAV - Index) 3.57 3.31 2.62 2.77 1.29 1.31 0.71 0.72

Top 10 Holdings (%) as of 08/31/22 Daily Holdings

Total Holdings: 24
Swipe
to view
full data
Holding Name
Ticker
Shares
Market Value
(US$)
% of Net
Assets
Pilbara Minerals Ltd
PLS AU
28,091,811
68,255,769 8.29
Allkem Ltd
AKE AU
6,332,533
58,813,885 7.14
Zhejiang Huayou Cobalt Co Ltd
603799 C1
5,281,408
56,956,611 6.91
Lynas Rare Earths Ltd
LYC AU
8,184,989
48,990,561 5.95
Liontown Resources Ltd
LTR AU
42,109,218
48,711,467 5.91
China Northern Rare Earth Group High-Te
600111 C1
11,118,859
48,356,449 5.87
Livent Corp
LTHM US
1,398,615
45,007,431 5.46
Lithium Americas Corp
LAC US
1,513,331
43,356,933 5.26
Xiamen Tungsten Co Ltd
600549 C1
11,556,471
42,251,952 5.13
Shenghe Resources Holding Co Ltd
600392 C1
15,398,087
38,505,763 4.67
Top 10 Total (%) 60.60
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 08/31/22

  • Country

    % of Net Assets
  • Australia

    45.18
  • China

    26.45
  • United States

    15.97
  • Canada

    7.53
  • France

    2.48
  • Netherlands

    2.28
  • Other/Cash

    0.11

Sector Weightings (%) as of 08/31/22

  • Sector

    % of Net Assets
  • Materials

    99.8
  • n/a

    0.1
  • Other/Cash

    0.1