VanEck Rare Earth and Strategic Metals ETF
ETF
REMX
Price as of:
$46.10
- $0.46
- 0.99%
Primary Theme
fund company
Name
As of 11/22/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
-25.1%
1 yr return
-20.2%
3 Yr Avg Return
-25.4%
5 Yr Avg Return
6.3%
Net Assets
$360 M
Holdings in Top 10
62.3%
52 WEEK LOW AND HIGH
$46.6
$36.34
$62.59
Expenses
OPERATING FEES
Expense Ratio 0.56%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 74.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 11/22/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
REMX - Profile
Distributions
- YTD Total Return -25.1%
- 3 Yr Annualized Total Return -25.4%
- 5 Yr Annualized Total Return 6.3%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.08%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameVanEck Rare Earth and Strategic Metals ETF
-
Fund Family NameVANECKFUND
-
Inception DateOct 28, 2010
-
Shares Outstanding9174987
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerPeter Liao
Fund Description
The Fund normally invests at least 80% of its total assets in securities that comprise the Fund’s benchmark index. The Rare Earth/Strategic Metals Index includes companies primarily engaged in a variety of activities that are related to the producing, refining and recycling of rare earth and strategic metals and minerals. Such companies may include small- and medium- capitalization companies and foreign and emerging market issuers. To be initially eligible for the Rare Earth/Strategic Metals Index, companies must generate at least 50% of their revenues from rare earth/strategic metals or have mining projects with the potential to generate at least 50% of their revenues from rare earth/strategic metals when developed. Rare earth/strategic metals are industrial metals that are typically mined as by-products or secondary metals 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, approximately 44 elements in the periodic table are considered rare earth/strategic metals. Rare earth metals (or rare earth elements), a subset of strategic metals, are a collection of chemical elements that are crucial to many of the world’s most advanced technologies, such as cellular phones, high performance batteries, flat screen televisions, green energy technology, and are expected to be critical to the future of hybrid and electric cars, high-tech military applications and superconductors and fiber-optic communication systems. The Rare Earth/Strategic Metals Index may include A-shares issued by companies trading via the Shanghai-Hong Kong Stock Connect program and the Shenzhen-Hong Kong Stock Connect program (together, “Stock Connect”). As of December 31, 2023, the Rare Earth/Strategic Metals Index included 27 securities of companies with a market capitalization range of between approximately $349 million and $17 billion and a weighted average market capitalization of $5.2 billion. These amounts are subject to change. The Fund’s 80% investment policy is non-fundamental and may be changed without shareholder approval upon 60 days’ prior written notice to shareholders.
The Fund, using a “passive” or indexing investment approach, attempts to approximate the investment performance of the Rare Earth/Strategic Metals Index by investing in a portfolio of securities that generally replicates the Rare Earth/Strategic Metals Index. Unlike many investment companies that try to “beat” the performance of a benchmark index, the Fund does not try to “beat” the Rare Earth/Strategic Metals Index and does not seek temporary defensive positions that are inconsistent with its investment objective of seeking to replicate the Rare Earth/Strategic Metals Index.
The Fund is classified as a non-diversified fund under the Investment Company Act of 1940, as amended (the “Investment Company Act of 1940”), and, therefore, may invest a greater percentage of its assets in a particular issuer. The Fund may concentrate its investments in a particular industry or group of industries to the extent that the Rare Earth/Strategic Metals Index concentrates in an industry or group of industries. As of December 31, 2023, the basic materials sector represented a significant portion of the Fund.
REMX - Performance
Return Ranking - Trailing
| Period | REMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -25.1% | -25.1% | 38.8% | 100.00% |
| 1 Yr | -20.2% | -20.2% | 50.5% | 100.00% |
| 3 Yr | -25.4%* | -25.4% | 8.7% | 100.00% |
| 5 Yr | 6.3%* | 0.0% | 12.9% | 90.63% |
| 10 Yr | -2.4%* | -2.4% | 10.2% | 100.00% |
* Annualized
Return Ranking - Calendar
| Period | REMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -19.2% | -19.2% | 10.1% | 100.00% |
| 2022 | -32.1% | -32.9% | -1.3% | 98.46% |
| 2021 | 70.4% | -51.0% | 70.4% | 1.54% |
| 2020 | 63.4% | 10.6% | 63.4% | 1.56% |
| 2019 | -1.0% | -1.0% | 54.7% | 100.00% |
Total Return Ranking - Trailing
| Period | REMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -25.1% | -25.1% | 38.8% | 100.00% |
| 1 Yr | -20.2% | -20.2% | 50.5% | 100.00% |
| 3 Yr | -25.4%* | -25.4% | 8.7% | 100.00% |
| 5 Yr | 6.3%* | 0.0% | 12.9% | 90.63% |
| 10 Yr | -2.4%* | -2.4% | 10.2% | 100.00% |
* Annualized
Total Return Ranking - Calendar
| Period | REMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -19.2% | -19.2% | 12.3% | 100.00% |
| 2022 | -31.1% | -32.9% | 2.7% | 98.46% |
| 2021 | 80.2% | -23.6% | 80.2% | 1.54% |
| 2020 | 64.8% | 10.6% | 70.6% | 3.13% |
| 2019 | 0.7% | 0.7% | 58.5% | 100.00% |
REMX - Holdings
Concentration Analysis
| REMX | Category Low | Category High | REMX % Rank | |
|---|---|---|---|---|
| Net Assets | 360 M | 12.9 M | 13.7 B | 69.23% |
| Number of Holdings | 25 | 24 | 268 | 98.46% |
| Net Assets in Top 10 | 166 M | 9.17 M | 9.64 B | 70.77% |
| Weighting of Top 10 | 62.27% | 31.4% | 86.5% | 33.85% |
Top 10 Holdings
- State Street Navigator Securities Lending Government Money Market Portfolio 9.09%
- Pilbara Minerals Ltd 7.29%
- Sociedad Quimica y Minera de Chile SA 7.09%
- Albemarle Corp 6.92%
- China Northern Rare Earth Group High-Tech Co Ltd 6.58%
- Lynas Rare Earths Ltd 5.94%
- MP Materials Corp 5.22%
- Arcadium Lithium PLC 4.90%
- Iluka Resources Ltd 4.69%
- Xiamen Tungsten Co Ltd 4.55%
Asset Allocation
| Weighting | Return Low | Return High | REMX % Rank | |
|---|---|---|---|---|
| Stocks | 99.75% | 79.45% | 127.47% | 27.69% |
| Cash | 9.09% | 0.00% | 13.94% | 13.85% |
| Preferred Stocks | 0.00% | 0.00% | 0.71% | 93.85% |
| Other | 0.00% | -1.52% | 17.99% | 90.77% |
| Convertible Bonds | 0.00% | 0.00% | 0.00% | 93.85% |
| Bonds | 0.00% | 0.00% | 3.54% | 93.85% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | REMX % Rank | |
|---|---|---|---|---|
| Basic Materials | 100.00% | 93.10% | 100.00% | 73.85% |
| Utilities | 0.00% | 0.00% | 0.02% | 93.85% |
| Technology | 0.00% | 0.00% | 0.19% | 93.85% |
| Real Estate | 0.00% | 0.00% | 0.00% | 93.85% |
| Industrials | 0.00% | 0.00% | 4.56% | 95.38% |
| Healthcare | 0.00% | 0.00% | 0.00% | 93.85% |
| Financial Services | 0.00% | 0.00% | 0.14% | 93.85% |
| Energy | 0.00% | 0.00% | 2.88% | 93.85% |
| Communication Services | 0.00% | 0.00% | 0.00% | 93.85% |
| Consumer Defense | 0.00% | 0.00% | 0.00% | 93.85% |
| Consumer Cyclical | 0.00% | 0.00% | 2.75% | 93.85% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | REMX % Rank | |
|---|---|---|---|---|
| Non US | 60.44% | 0.00% | 90.44% | 44.62% |
| US | 39.31% | 2.65% | 103.72% | 53.85% |
REMX - Expenses
Operational Fees
| REMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.56% | 0.39% | 5.11% | 87.69% |
| Management Fee | 0.50% | 0.35% | 1.00% | 20.00% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.10% | 0.25% | N/A |
Sales Fees
| REMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
| REMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| REMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 74.00% | 1.00% | 114.00% | 84.13% |
REMX - Distributions
Dividend Yield Analysis
| REMX | Category Low | Category High | REMX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 4.36% | 100.00% |
Dividend Distribution Analysis
| REMX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| REMX | Category Low | Category High | REMX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.08% | -18.00% | 5.11% | 72.31% |
Capital Gain Distribution Analysis
| REMX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 19, 2022 | $1.187 | OrdinaryDividend |
| Dec 20, 2021 | $5.892 | OrdinaryDividend |
| Dec 21, 2020 | $0.535 | OrdinaryDividend |
| Dec 23, 2019 | $0.644 | OrdinaryDividend |
| Dec 20, 2018 | $5.055 | OrdinaryDividend |
| Dec 18, 2017 | $2.610 | OrdinaryDividend |
| Dec 19, 2016 | $1.140 | OrdinaryDividend |
| Dec 21, 2015 | $1.917 | OrdinaryDividend |
| Dec 22, 2014 | $1.158 | OrdinaryDividend |
| Dec 23, 2013 | $0.249 | OrdinaryDividend |
| Dec 24, 2012 | $2.724 | OrdinaryDividend |
| Dec 23, 2011 | $11.436 | OrdinaryDividend |
REMX - Fund Manager Analysis
Managers
Peter Liao
Start Date
Tenure
Tenure Rank
Oct 27, 2010
11.6
11.6%
Mr. Liao has been employed by Van Eck Associates Corporation as an analyst since the summer of 2004 and has been a portfolio manager since 2006. Mr. Liao graduated from New York University in 2004 with a Bachelor of Arts in Economics and Mathematics. He is a CFA charterholder.
Guo Hua (Jason) Jin
Start Date
Tenure
Tenure Rank
Mar 12, 2018
4.22
4.2%
Guo Hua (Jason) Jin has been employed by Van Eck Associates Corporation as an analyst since January 2007 and has been a portfolio manager since 2018. Mr. Jin graduated from the State University of New York at Buffalo in 2004 with a Bachelor of Science degree in Business Administration with a concentration in Financial Analysis.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 1.25 | 34.34 | 11.89 | 1.3 |