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About VanEck Oil Refiners ETF
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Inception date
Aug 18, 2015
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Van Eck Associates Corp.
Distributor
Van Eck Securities Corp.
CRAK offers straightforward exposure to global oil refiners, with no direct peers in the global oil sector. CRAK (named for the spread between the input cost of oil and the selling price of refined product) holds stock in firms that generate at least half their revenue from refining operations. Holdings are weighted by market cap, limited to 8% weight each. Thus, the basket meets a reasonable definition of pure-play refinery exposure in an investable wrapper. In all, CRAK does just what it says on the tin: offer vanilla exposure to global oil refiners.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Energy Minerals
Stocks100.00%
Energy Minerals94.55%
Producer Manufacturing4.44%
Retail Trade1.00%
Bonds, Cash & Other0.00%
Cash0.00%
Stock breakdown by region
Asia36.30%
Europe31.17%
North America29.25%
Oceania3.28%
Latin America0.00%
Africa0.00%
Middle East0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
CRAK invests in stocks. The fund's major sectors are Energy Minerals, with 94.55% stocks, and Producer Manufacturing, with 4.44% of the basket. The assets are mostly located in the Asia region.
CRAK top holdings are Reliance Industries Ltd Sponsored GDR 144A and Marathon Petroleum Corporation, occupying 7.97% and 7.89% of the portfolio correspondingly.
CRAK last dividends amounted to 1.54 USD. The year before, the issuer paid 1.25 USD in dividends, which shows a 18.80% increase.
CRAK assets under management is 25.63 M USD. It's risen 1.39% over the last month.
CRAK fund flows account for −6.02 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, CRAK pays dividends to its holders with the dividend yield of 4.76%. The last dividend (Dec 24, 2024) amounted to 1.54 USD. The dividends are paid annually.
CRAK shares are issued by Van Eck Associates Corp. under the brand VanEck. The ETF was launched on Aug 18, 2015, and its management style is Passive.
CRAK expense ratio is 0.62% meaning you'd have to pay 0.62% of your investment to help manage the fund.
CRAK follows the MVIS Global Oil Refiners. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
CRAK invests in stocks.
CRAK price has risen by 8.49% over the last month, and its yearly performance shows a −9.14% decrease. See more dynamics on CRAK price chart.
NAV returns, another gauge of an ETF dynamics, showed a 11.46% increase in three-month performance and has decreased by −3.26% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 11.46% increase in three-month performance and has decreased by −3.26% in a year.
CRAK trades at a premium (0.40%) meaning the ETF is trading at a higher price than the calculated NAV.