CRAK

VanEck Oil Refiners ETF

$41.26

+0.00%

Market closed. Last update: 11:44 PM ET

📎 Investment Objective

The VanEck Oil Refiners ETF (CRAK) seeks to track the performance of the MVIS Global Oil Refiners Index, which is intended to give investors exposure to companies involved in oil refining.

Overview

ETF tracking VanEck Oil Refiners ETF

Category Energy

Issuer VanEck

Inception Date 2015-08-19

Market Cap $30.9M

Average Volume N/A

Dividend Yield 3.73%

52-Week Range $24.54 - $41.26

VWAP $41.24

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The VanEck Oil Refiners ETF (CRAK) seeks to track the performance of the MVIS Global Oil Refiners Index, which is intended to give investors exposure to companies involved in oil refining.

🎯 Investment Strategy

The ETF invests in a portfolio of companies that are primarily engaged in oil refining. This includes companies that refine crude oil into petroleum products such as gasoline, diesel fuel, jet fuel, and other petrochemicals.

✨ Key Features

Provides exposure to the global oil refining industry
Diversified portfolio of oil refining companies
Low expense ratio of 0.00%
Tracks the MVIS Global Oil Refiners Index

⚠️ Primary Risks

Concentration risk as the fund is focused on the oil refining sector
Volatility in oil and energy commodity prices can impact refining margins and profitability
Regulatory and environmental risks facing the oil refining industry
Currency risk for international holdings

👤 Best For

This ETF may be suitable for investors seeking exposure to the global oil refining industry as part of a diversified energy or commodities allocation. However, due to the lack of performance history and small asset size, investors should carefully consider the risks before investing.