Symbols

CRAK

VanEck Oil Refiners ETF·ARCA

--(--)

Key Stats

Assets Under Management

136.04MUSD

Fund Flow (1Y)

85.14MUSD

Dividend Yield

1.55%

Discount / Premium to NAV

0.36%

Shares Outstanding

2.80M

Expense Ratio

0.62%

About VanEck Oil Refiners ETF

Issuer

Van Eck Associates Corporation

Brand

VanEck

Home Page

https://www.vaneck.com/us/en/investments/oil-refiners-etf-crak/overview/?redirectVE=generic

Inception Date

Aug 18, 2015

Structure

Open-Ended Fund

Index Tracked

MVIS Global Oil Refiners Index

Management Style

Passive

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.