PIT Fees and Costs — VanEck Commodity Strategy ETF
Data updated: 2026-08-26
The net expense ratio is 0.55%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $13K in broker commissions, 0.0407% of average net assets, and portfolio turnover was 0%.
PIT Fees and Expenses
Annual operating expenses and sales charges of PIT. Prospectus, as of February 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.55% |
| Fee waiver | — |
| Net expense ratio | 0.55% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
PIT Costs Over Time
On $10,000 invested in PIT, assuming 5% a year before costs, total costs come to $373 over 5 years, cutting the return by 0.62% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.55%) | $58 | $181 | $315 |
| Trading costs (broker commissions) | $4 | $13 | $23 |
| Lost growth on money paid in costs | $0 | $10 | $34 |
| Total costs | $62 | $204 | $373 |
| Value after costs | $10,438 | $11,372 | $12,390 |
| Impact on return, per year | 0.62% | 0.62% | 0.62% |
PIT Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0407%
- Total broker commissions: $13K
- Bought from dealers (principal trades, not a cost): $143.3M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
PIT Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $13K | 100.00% |
PIT Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Federal Reserve Bank of Boston | $80.7M | 56.31% |
| Scotia Capital (USA) Inc. | $32.6M | 22.77% |
| Morgan Stanley & Co. LLC | $30.0M | 20.92% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.