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PIT
VanEck Commodity Strategy ETF

Fund Description

VanEck Commodity Strategy ETF (the “Fund”) seeks to provide long-term capital appreciation. The Fund invests primarily in exchange-traded commodity futures contracts across the energy, precious metals, industrial metals, agriculture and livestock sectors and seeks to maximize risk-adjusted returns.

 
 

  • Fund Ticker

    PIT

  • Exchange

    Cboe

  • Inception Date

    12/20/2022

  • Administrator

    Van Eck Absolute Return Advisers Corporation

  as of 03/31/23

  • Total Net Assets

    $28.7M

  • Number of Holdings

    22

  • Options

    No

  • Gross Expense Ratio2

    0.60%

  • Net Expense Ratio/TER2

    0.55%

  • Distribution Frequency

    Annual

  • Next Distribution Date

    12/26/2023
Schedule a Call
How to Buy

Key Documents and Links

PIT Fact Sheet
Summary Prospectus
Management Team

Fund Highlights

  • Actively managed exposure to a broad basket of commodity futures
  • Considers risks, return and curve positioning to maximize expected risk adjusted returns
  • Access to commodities without burdensome K-1 tax reporting

Trading Information

  • Fund Ticker

    PIT

  • NAV

    PITNV

  • Shares Outstanding

    600,000

  • Estimated Cash

    PITEU

  • Total Cash

    PITTC

  • CUSIP

    92189H771

  • ISIN

    US92189H7715
Source: Bloomberg

Fees and Expenses2

  • Management Fee

    0.55%

  • Other Expenses

    0.05%

  • Gross Expense Ratio

    0.60%

  • Fee Waivers and
    Expense Reimbursement

    -0.05%

  • Net Expense Ratio/TER2

    0.55%

2 Van Eck Absolute Return Advisers Corporation (the “Adviser”) will pay all expenses of the Fund, except for the fee payment under the investment management agreement, acquired fund fees and expenses, interest expense, offering costs, trading expenses, taxes and extraordinary expenses. Notwithstanding the foregoing, the Adviser has agreed to pay and/or reimburse the Fund for the offering costs and trading expenses that are net account or similar fees charged by futures commission merchants (“FCMs”) until at least February 1, 2024.

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 03/30/23

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
PIT $47.90
$47.92 		1,539
0 		$0.30 / +0.63%
$0.36 / +0.75% 		-5.36%
-6.43% 		$0.01
0.03% 		0.24%

Premium/Discount History as of 03/31/23

Since Inception 2Q 2022 3Q 2022 4Q 2022 1Q 2023 Premium/Discount Charts NAV & Prem/Discount History
PIT Days closed at a premium 26 0 0 4 22
Days closed at NAV 3 0 0 0 3
Days closed at a discount 39 0 0 3 36

Performance History: Average Annual Total Returns* (%)

View All ETFs
  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
12/20/22
PIT (NAV) -4.04 -- -4.15 -- -- -- -- -2.97
PIT (Share Price) -4.34 -- -5.50 -- -- -- -- -3.21
Bloomberg Commodity Index -4.70 -7.49 -5.17 -4.72 15.51 -- -- -4.29
  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
12/20/22
PIT (NAV) -- -- -- -- -- -- -- 1.23
PIT (Share Price) -- -- -- -- -- -- -- 2.42
Bloomberg Commodity Index -2.45 2.22 16.09 16.09 12.65 -- -- 0.92

*Returns less than one year are not annualized.

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.

Top 10 Futures Holdings as of 02/28/23

Daily Holdings
Total Holdings: 18
Holding Name
Ticker
Asset
Class
 Contracts/
Shares 		Notional Value
(US$) 		% of Notional Value
Gold 100 Oz Futr Apr23
GCJ3
Future
20 3,673,400 12.62
Gasoline Rbob Fut Oct23
XBV3
Future
34 3,293,254 11.31
Wti Crude Future Dec23
CLZ3
Future
42 3,132,780 10.76
Brent Crude Futr Nov23
COX3
Future
37 2,975,170 10.22
Soybean Future Sep23
S U3
Future
38 2,612,025 8.97
Ny Harb Ulsd Fut May23
HOK3
Future
19 2,197,852 7.55
Corn Future Sep23
C U3
Future
61 1,776,625 6.10
Copper Future May23
HGK3
Future
15 1,533,563 5.27
Sugar #11 (World) May23
SBK3
Future
53 1,191,355 4.09
Wti Crude Future Sep23
CLU3
Future
14 1,064,700 3.66
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These are not recommendations to buy or to sell any security. Securities and holdings may vary.

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