CRAK
VanEck Oil Refiners ETF·NYSE
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Key Stats
Assets Under Management
83.65MUSD
Fund Flows (1Y)
43.84MUSD
Dividend Yield
1.71%
Discount/Premium to NAV
0.57%
Shares Outstanding
1.90M
Expense Ratio
0.62%
About VanEck Oil Refiners ETF
Issuer
Van Eck Associates Corporation
Brand
VanEck
Home Page
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.
Classification
Asset Class
Equity
Category
Sector
Focus
Energy
Niche
Oil & Gas Refining & Marketing
Strategy
Vanilla
Geography
Developed Markets
Weighting Scheme
Market Cap
Selection Criteria
Market cap
Analysis
Sector
Energy
100.00%
Energy
100.00%
Asset
Holdings
Symbol
Ratio
PSX
Phillips 66
7.81%
Reliance Industries Ltd
6.79%
Eneos Holdings Inc
6.71%
VLO
Valero Energy
6.51%
MPC
Marathon Petroleum
6.50%
Orlen Sa
5.84%
Symbol
Ratio
Neste Oyj
4.96%
Galp Energia Sgps Sa
4.92%
Idemitsu Kosan Co Ltd
4.86%
Mol Hungarian Oil & Gas Plc
4.80%
Top 10 Weight 59.7%
10 Total Holdings
See all holdings
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