COMIX: VanEck CM Commodity Index I

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COMIX VanEck CM Commodity Index I


Profile

COMIX - Profile

Vitals

  • YTD Return -14.0%
  • 3 Yr Annualized Return -4.4%
  • 5 Yr Annualized Return -6.8%
  • Net Assets $361 M
  • Holdings in Top 10 60.7%

52 WEEK LOW AND HIGH

$4.05
$3.35
$4.75

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.97%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 0.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification

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

Distributions

  • YTD Total Return -14.0%
  • 3 Yr Annualized Total Return -3.0%
  • 5 Yr Annualized Total Return -4.3%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.50%
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
    Inst
  • 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

COMIX - Performance

Return Ranking - Trailing

Period COMIX Return Category Return Low Category Return High Rank in Category (%)
YTD -14.0% -33.8% 0.0% 28.83%
1 Yr -14.4% -39.5% -0.7% 24.32%
3 Yr -4.4%* -21.0% -0.2% 13.27%
5 Yr -6.8%* -22.2% -2.4% 34.83%
10 Yr N/A* -16.7% -5.5% N/A

* Annualized

Return Ranking - Calendar

Period COMIX Return Category Return Low Category Return High Rank in Category (%)
2019 7.3% -8.3% 16.6% 36.36%
2018 -11.8% -42.9% -0.2% 10.20%
2017 2.5% -13.1% 10.5% 24.47%
2016 5.0% 3.1% 22.1% 91.40%
2015 -24.8% -64.9% -7.2% 50.60%

Total Return Ranking - Trailing

Period COMIX Return Category Return Low Category Return High Rank in Category (%)
YTD -14.0% -33.8% 0.0% 28.83%
1 Yr -14.4% -39.5% -0.7% 24.32%
3 Yr -3.0%* -21.0% 0.4% 9.18%
5 Yr -4.3%* -19.7% -2.1% 12.36%
10 Yr N/A* -14.6% -3.6% N/A

* Annualized

Total Return Ranking - Calendar

Period COMIX Return Category Return Low Category Return High Rank in Category (%)
2019 7.3% -8.3% 16.6% 36.36%
2018 -11.8% -42.9% -0.2% 17.35%
2017 7.0% -8.3% 10.9% 19.15%
2016 15.2% 3.1% 23.2% 15.05%
2015 -24.8% -62.9% -7.2% 50.60%

NAV & Total Return History


Holdings

COMIX - Holdings

Concentration Analysis

COMIX Category Low Category High COMIX % Rank
Net Assets 361 M 1.03 M 5.48 B 41.96%
Number of Holdings 11 4 831 81.25%
Net Assets in Top 10 206 M -151 M 1.51 B 24.11%
Weighting of Top 10 60.68% 4.0% 93.4% 36.90%

Top 10 Holdings

  1. CAYMAN COMMODITY INDEX FUND MUTUAL FUND 20.56%
  2. United States Treasury Bills 0.14% 14.75%
  3. United States Treasury Bills 0.13% 9.15%
  4. United States Treasury Bills 0.12% 8.85%
  5. United States Treasury Bills 0.16% 7.38%

Asset Allocation

Weighting Return Low Return High COMIX % Rank
Bonds
40.13% 0.00% 131.41% 45.54%
Cash
39.32% -86.13% 100.00% 42.86%
Other
20.56% -15.47% 111.00% 55.36%
Stocks
0.00% -26.70% 48.14% 59.82%
Preferred Stocks
0.00% 0.00% 0.00% 59.82%
Convertible Bonds
0.00% 0.00% 7.58% 77.68%

Bond Sector Breakdown

Weighting Return Low Return High COMIX % Rank
Cash & Equivalents
53.78% 0.76% 100.00% 49.11%
Government
46.22% 0.00% 98.03% 24.11%
Derivative
0.00% 0.00% 8.59% 69.64%
Securitized
0.00% 0.00% 42.46% 78.57%
Corporate
0.00% 0.00% 53.35% 81.25%
Municipal
0.00% 0.00% 1.11% 67.86%

Bond Geographic Breakdown

Weighting Return Low Return High COMIX % Rank
US
40.13% 0.00% 143.78% 45.54%
Non US
0.00% -12.37% 19.25% 75.00%

Expenses

COMIX - Expenses

Operational Fees

COMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.97% 0.01% 19.14% 81.08%
Management Fee 0.75% 0.00% 1.75% 41.96%
12b-1 Fee 0.00% 0.00% 1.00% 3.03%
Administrative Fee N/A 0.04% 0.45% N/A

Sales Fees

COMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% 92.31%
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

COMIX 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.

COMIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 0.00% 0.00% 262.00% 16.35%

Distributions

COMIX - Distributions

Dividend Yield Analysis

COMIX Category Low Category High COMIX % Rank
Dividend Yield 0.00% 0.00% 2.23% 61.61%

Dividend Distribution Analysis

COMIX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Monthly Annually

Net Income Ratio Analysis

COMIX Category Low Category High COMIX % Rank
Net Income Ratio 1.50% -2.28% 3.57% 36.04%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

COMIX - Fund Manager Analysis

Managers

Roland Morris


Start Date

Tenure

Tenure Rank

May 01, 2014

6.17

6.2%

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

4.17

4.2%

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
0.25 15.11 5.98 9.59