VanEck CMCI Commodity Strategy ETF

Frequently Asked Questions About CMCI

What does CMCI invest in?

CMCI offers diversified exposure to the five commodity sectors through a broad portfolio of 29 commodities. The fund attempts diversification by evenly weighing each commodity based on economic significance and consumption data. To select specific commodities, the index blends liquidity and fundamental metrics. Liquidity is determined by consumption data, open interest, and market volume. The fundamentals draw from economic indicators such as CPI, PPI, and GDP. Instead of holding front-month contracts for each commodity, CMCI spreads the exposure across five separate maturities, targeting 3, 6, 12, 24, and 36 months for each commodity. Continuous exposure is maintained by rolling exposures daily, in an attempt to minimize the effects of contango. The fund gains up to 25% of its exposure through the use of a Cayman Islands Subsidiary, thus avoiding K-1 forms. The fund holds a large portion of its assets in fixed-income securities for margin requirements or as collateral.

What is the expense ratio of CMCI?

VanEck CMCI Commodity Strategy ETF (CMCI) charges an expense ratio of 0.67%. This is the annual fee deducted from fund assets to cover management and operations.

How big is CMCI?

VanEck CMCI Commodity Strategy ETF (CMCI) manages $3.2M 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 CMCI actively managed or an index fund?

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

When was CMCI launched?

VanEck CMCI Commodity Strategy ETF (CMCI) launched in August 2023 and is managed by VanEck.

How has CMCI performed?

CMCI'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.