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COMIX
CM Commodity Index Fund - Class I

Daily Price as of 09/29/22

NAV DAILY CHANGE
$5.63 $0.02 / +0.36%

Class I Details: COMIX

INCEPTION DATE GROSS/NET EXPENSES1
12/31/10 0.90%/0.65%

Fund Summary and Key Points

The VanEck CM Commodity Index Fund (the "Fund") seeks to track, before fees and expenses, the UBS Constant Maturity Commodity Index (the “CMCI”). 

  • CMCI is a next-generation commodity index diversified across maturities, minimizing its exposure to the front end of the futures curves
  • By spreading its exposure across multiple maturities and maintaining a constant maturity per commodity, CMCI seeks to mitigate the impacts of negative roll yield in contango environments
  • Diversified across five commodity sectors and 29 commodity components; energy allocation typically around 35%
  • In contrast with many “enhanced” commodity funds, offers “pure” commodity exposure by investing in commodity-linked derivative instruments and more conservative fixed income securities, such as U.S. Treasury Bills
  • No K-1s – Access to commodities without burdensome K-1 tax reporting

Making the Investment Case for CMCI

Fund Details
as of 08/31/22

  • Net Assets (All Classes)
    $711.9M
  • Number of Commodity Sectors
    5
  • Number of Commodity Components
    29
  • Avg. Weighted Contract Maturity
    6.6Months
  • Benchmark Index
    UBS Bloomberg Constant Maturity Commodity (CMCITR) Index

Investment Approach

  • The VanEck CM Commodity Index Fund is a passively-managed mutual fund that seeks to track the CMCI by primarily investing in commodity-linked derivative instruments and conservatively-managed fixed income instruments.

    • The Fund may invest in instruments linked to the value of a particular commodity or commodity futures contract, or a subset of commodities or commodity futures contracts, through a wholly owned subsidiary of the Fund formed in the Cayman Islands.
       

Performance History: Average Annual Total Returns* (%)

1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
(12/31/10)
VanEck CM Commodity Index Fund: Class I
At Net Asset Value
-1.01 -9.22 13.65 20.08 18.20 9.63 -0.05 --
UBS Constant Maturity Commodity Index2
-1.01 -8.84 14.69 21.70 19.56 10.88 1.04 --
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
(12/31/10)
VanEck CM Commodity Index Fund: Class I
At Net Asset Value -8.14 -5.68 15.00 23.35 16.59 10.96 0.80 --
UBS Constant Maturity Commodity Index2 -8.02 -5.31 15.73 24.84 17.87 12.17 1.90 --

CMCI Target Sector Weightings (%): Overview as of 2021-2022

SECTOR % OF NET ASSETS
Agriculture
31.0
Energy
30.5
Industrial Metals
25.7
Precious Metals
8.3
Livestock
4.6