REMX
VanEck Rare Earth/Strategic Metals ETF
REMX
VanEck Rare Earth/Strategic Metals ETF
-
NAV
$84.71
as of June 08, 2023 -
YTD RETURNS
11.05%
as of June 08, 2023 -
Total Net Assets
$620.46M
as of June 08, 2023 -
Gross Expense Ratio
0.54% -
Net Expense Ratio
0.54% -
Inception Date
10/27/2010
Van Eck Associates Corporation (the "Adviser") has agreed to waive fees and/or pay Fund expenses to the extent necessary to prevent the operating expenses of the Fund (excluding acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses) from exceeding 0.57% of the Fund's average daily net assets per year until at least May 1, 2024. During such time, the expense limitation is expected to continue until the Fund's Board of Trustees acts to discontinue all or a portion of such expense limitation.
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.
Overview
Fund Highlights
- 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