# VanEck CM Commodity Index Fund Class A (CMCAX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/cmcax for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: VanEck · Asset class: Commodity - Strategy: Thematic · Inception: 2010-12-31 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. ## Key Facts | Metric | Value | |---|---| | Price | $85.19 | | Expense Ratio | 0.95% | | Assets Under Management | $738.7M | | NAV | $85.19 | | Holdings Count | — | | Distribution Yield (TTM) | 7.38% | | Annual Distribution (TTM) | $6.29 /share | | Distribution Frequency | Irregular | | 52-Week Range | $64.46 – $86.46 | | Beta | 0.71 | ## Latest Distribution - Amount: $1.0825 /share - Ex-date: 2025-12-29 - Pay date: 2025-12-29 ## Frequently Asked Questions ### 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 $738.7M 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. ### Does CMCAX pay a dividend? VanEck CM Commodity Index Fund Class A (CMCAX) currently distributes little or no income. Trailing-twelve-month yield is 7.38%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does CMCAX pay dividends? VanEck CM Commodity Index Fund Class A pays dividends Irregular. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is CMCAX's dividend yield? CMCAX's trailing-twelve-month yield is 7.38%, calculated from the sum of dividends over the past year divided by the current price. ### When is CMCAX's next ex-dividend date? The most recently announced ex-dividend date for CMCAX was 2025-12-29. The next ex-date typically follows Irregular; once announced it appears at the top of the dividend history table on this page. ### How much will CMCAX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.95% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does CMCAX charge its expense ratio? The expense ratio is deducted in tiny daily slices from CMCAX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does CMCAX cost more than a fund like VOO? CMCAX's strategy (current expense ratio 0.95%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where CMCAX sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to CMCAX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as CMCAX (0.95%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/cmcax - Distribution history: https://www.dividenddata.com/funds/cmcax/dividend - Holdings & diversification: https://www.dividenddata.com/funds/cmcax/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/cmcax/expenses - Peer comparison: https://www.dividenddata.com/funds/cmcax/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.