VanEck CM Commodity Index Fund Class A

Frequently Asked Questions About CMCAX

What does CMCAX invest in?

This fund aims to track the performance of the UBS Constant Maturity Commodity Total Return Index (CMCI) by investing in instruments whose value is tied to that index. It also allocates capital to a variety of fixed-income assets, including bonds and other debt securities issued by both U.S. government and corporate entities. The CMCI itself is a structured, multi-component benchmark index that offers broad exposure, covering 29 distinct commodities across five major sectors: energy, precious metals, industrial metals, agriculture, and livestock.

What is the expense ratio of CMCAX?

VanEck CM Commodity Index Fund Class A (CMCAX) charges an expense ratio of 0.95%. This is the annual fee deducted from fund assets to cover management and operations.

How big is CMCAX?

VanEck CM Commodity Index Fund Class A (CMCAX) manages $725.8M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is CMCAX actively managed or an index fund?

CMCAX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was CMCAX launched?

VanEck CM Commodity Index Fund Class A (CMCAX) launched in December 2010 and is managed by VanEck.

How has CMCAX performed?

CMCAX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.