RAAX Fees and Costs — VanEck Real Assets ETF
Data updated: 2026-08-26
The net expense ratio is 0.55% (0.71% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $7K in broker commissions, 0.0066% of average net assets, and portfolio turnover was 11%.
RAAX Fees and Expenses
Annual operating expenses and sales charges of RAAX. Prospectus, as of February 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | — |
| Other expenses | 0.09% |
| Gross expense ratio | 0.71% |
| Fee waiver | −0.16% |
| Net expense ratio | 0.55% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
RAAX Costs Over Time
On $10,000 invested in RAAX, assuming 5% a year before costs, total costs come to $351 over 5 years, cutting the return by 0.58% 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) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $9 | $32 |
| Total costs | $58 | $192 | $351 |
| Value after costs | $10,442 | $11,384 | $12,412 |
| Impact on return, per year | 0.58% | 0.58% | 0.58% |
RAAX 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): 0.0066%
- Total broker commissions: $7K
- Bought from dealers (principal trades, not a cost): $78.2M
- Portfolio turnover (prospectus): 11%
- Securities on loan, average value: $18.3M
- Net income from securities lending: $96K (0.084% of average net assets)
RAAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $7K | 92.01% |
| Goldman Sachs & Co. LLC | $500 | 6.68% |
| SG Americas Securities, LLC | $97 | 1.30% |
RAAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $30.8M | 39.39% |
| Virtu Americas LLC | $25.8M | 33.05% |
| Jane Street Capital, LLC | $19.7M | 25.19% |
| Goldman Sachs & Co. LLC | $1.9M | 2.37% |
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.