CMCAX: VanEck CM Commodity Index A

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CMCAX VanEck CM Commodity Index A


Profile

CMCAX - Profile

Vitals

  • YTD Return -5.4%
  • 3 Yr Annualized Return -3.6%
  • 5 Yr Annualized Return -5.8%
  • Net Assets $438 M
  • Holdings in Top 10 44.6%

52 WEEK LOW AND HIGH

$4.36
$4.24
$4.77

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.39%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 0.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Commodities Broad Basket

Distributions

  • YTD Total Return -5.4%
  • 3 Yr Annualized Total Return -2.2%
  • 5 Yr Annualized Total Return -3.2%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.88%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    VanEck CM Commodity Index Fund
  • Fund Family Name
    VanEck
  • Inception Date
    Dec 31, 2010
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Roland Morris

Fund Description

The fund invests in instruments that derive their value from the performance of the UBS Bloomberg Constant Maturity Commodity Total Return Index, and in bonds, debt securities and other fixed income instruments issued by various U.S. public- or private-sector entities. The CMCI is a rules-based, composite benchmark index diversified across 29 commodity components from the following five sectors: energy, precious metals, industrial metals, agriculture and livestock.


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Categories

Performance

CMCAX - Performance

Return Ranking - Trailing

Period CMCAX Return Category Return Low Category Return High Rank in Category (%)
YTD -5.4% -9.1% 4.0% 56.76%
1 Yr -7.4% -16.3% 7.4% 69.09%
3 Yr -3.6%* -15.2% 2.7% 18.09%
5 Yr -5.8%* -20.5% -2.0% 43.68%
10 Yr N/A* -16.0% -4.8% N/A

* Annualized

Return Ranking - Calendar

Period CMCAX Return Category Return Low Category Return High Rank in Category (%)
2019 7.5% -8.3% 16.6% 33.64%
2018 -11.9% -42.9% -0.2% 12.24%
2017 2.3% -13.1% 10.5% 28.72%
2016 4.6% 3.1% 22.1% 92.47%
2015 -25.3% -64.9% -7.2% 62.65%

Total Return Ranking - Trailing

Period CMCAX Return Category Return Low Category Return High Rank in Category (%)
YTD -5.4% -9.1% 4.0% 56.76%
1 Yr -7.4% -16.3% 7.4% 69.09%
3 Yr -2.2%* -15.2% 3.2% 17.02%
5 Yr -3.2%* -17.6% -1.1% 20.69%
10 Yr N/A* -12.6% -4.2% N/A

* Annualized

Total Return Ranking - Calendar

Period CMCAX Return Category Return Low Category Return High Rank in Category (%)
2019 7.5% -8.3% 16.6% 33.64%
2018 -11.9% -42.9% -0.2% 20.41%
2017 6.6% -8.3% 10.9% 22.34%
2016 15.0% 3.1% 23.2% 16.13%
2015 -25.3% -62.9% -7.2% 62.65%

NAV & Total Return History


Holdings

CMCAX - Holdings

Concentration Analysis

CMCAX Category Low Category High CMCAX % Rank
Net Assets 438 M 1.19 M 7.65 B 40.54%
Number of Holdings 11 4 897 85.59%
Net Assets in Top 10 195 M -65.8 M 1.94 B 43.24%
Weighting of Top 10 44.56% 0.7% 93.2% 59.09%

Top 10 Holdings

  1. Cayman Commodity Index Fund Mutual Fund 17.77%
  2. United States Treasury Bills 1.53% 11.36%
  3. United States Treasury Bills 1.53% 8.62%
  4. United States Treasury Bills 1.57% 6.80%

Asset Allocation

Weighting Return Low Return High CMCAX % Rank
Cash
55.44% -45.81% 97.16% 23.42%
Bonds
26.79% 0.00% 86.67% 49.55%
Other
17.77% -2.91% 112.85% 45.95%
Stocks
0.00% -2.22% 101.05% 54.95%
Preferred Stocks
0.00% 0.00% 0.00% 45.95%
Convertible Bonds
0.00% 0.00% 2.62% 64.86%

Bond Sector Breakdown

Weighting Return Low Return High CMCAX % Rank
Cash & Equivalents
67.42% 2.86% 100.00% 31.53%
Government
32.58% 0.00% 97.14% 37.84%
Derivative
0.00% 0.00% 7.31% 56.76%
Securitized
0.00% 0.00% 44.51% 66.67%
Corporate
0.00% 0.00% 62.98% 69.37%
Municipal
0.00% 0.00% 0.66% 51.35%

Bond Geographic Breakdown

Weighting Return Low Return High CMCAX % Rank
US
26.79% 0.00% 100.21% 44.14%
Non US
0.00% -13.54% 23.85% 63.06%

Expenses

CMCAX - Expenses

Operational Fees

CMCAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.39% 0.01% 19.14% 51.35%
Management Fee 0.75% 0.00% 1.75% 40.54%
12b-1 Fee 0.25% 0.00% 1.00% 37.31%
Administrative Fee N/A 0.04% 0.45% N/A

Sales Fees

CMCAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 2.50% 5.75% 28.57%
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

CMCAX 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.

CMCAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 0.00% 0.00% 322.00% 10.09%

Distributions

CMCAX - Distributions

Dividend Yield Analysis

CMCAX Category Low Category High CMCAX % Rank
Dividend Yield 0.00% 0.00% 1.97% 61.26%

Dividend Distribution Analysis

CMCAX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

CMCAX Category Low Category High CMCAX % Rank
Net Income Ratio 0.88% -1.16% 3.57% 66.67%

Capital Gain Distribution Analysis

CMCAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

CMCAX - Fund Manager Analysis

Managers

Roland Morris


Start Date

Tenure

Tenure Rank

May 01, 2014

5.76

5.8%

Mr. Morris joined VanEck in 2012. He serves as Portfolio Manager for VanEck’s CM Commodity Index Strategy and Strategist for VanEck’s Global Hard Asset Strategy, focusing on macro strategies, commodities trading, and client development. Prior to joining VanEck, Mr. Morris was a macro/commodities trading specialist, manager of a futures clearing and execution service, and a client relationship manager at various top financial services companies. He has over 35 years of experience in the financial services industry. Mr. Morris earned a BA in Economics from the University of Vermont.

Gregory Krenzer


Start Date

Tenure

Tenure Rank

May 01, 2016

3.75

3.8%

Mr. Krenzer joined VanEck in 1994. He serves as Deputy Portfolio Manager for VanEck’s CM Commodity Index Strategy and Head of Active Equity Trading for VanEck’s Emerging Markets Equity Strategy, Global Hard Assets Strategy and Gold Strategies, specializing in trade construction and execution. Mr. Krenzer is also Deputy Portfolio Manager for VanEck Morningstar Wide Moat Fund. He has over 20 years of experience in investing in commodities, natural resource equities, and global fixed income. Mr. Krenzer is a CFA Charterholder and a member of the CFA Society New York. He earned a BS in Finance with a minor in Economics (Beta Gamma Sigma) from Syracuse University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 14.7 5.62 9.18