FRAK Fund Description

The Market Vectors Unconventional Oil & Gas ETF tracks a market weighted index of companies involved in unconventional oil and natural gas production, exploration and/or refining.

FRAK ETF.com Insight

For 54 bps, FRAK provides exposure to what it deems the 'unconventional oil and gas space', and tilts away significantly from the market in the process. FRAK allocates over 85% toConcentration looms large here exploration and production and only 1% in integrated oil and gas. Concentration looms large here too: Anadarko and Occidental combined make up nearly 15% of the fund. FRAK launched in early 2012 and hasn't received much attention from investors. It trades around $1M on most days at wider than expected average spreads. Those trading in size should fare better with the help of a liquidity provider. (Insight updated 09/03/2014)

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
Performance [as of 10/16/14] 1 Month 3 Month YTD 1 Year 3 Years 5 Years 10 Years
FRAK -18.03% -22.65% -8.34% -12.58% -- -- --
FRAK (NAV) -18.23% -22.50% -8.50% -12.34% -- -- --
Market Vectors Global Unconventional Oil & Gas Index -18.23% -22.50% -8.43% -12.23% -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

FRAK Top 10 Countries

FRAK Top 10 Sectors

FRAK Top 10 Holdings View All

FRAK Summary Data

Van Eck

A company that produces and manages ETFs.

02/14/12

The first date of a fund's operations, as documented by the issuer.

Open-Ended Fund

The organizational structure of the fund or ETN.

0.54%

The net total annual fee a fund holder pays to the issuer.

$70.23 M

The market value of total assets that a fund has accumulated and now manages on behalf of investors.

$1.08 M

It is the daily dollar value of shares traded, averaged over the past 45 trading days.

0.29%

The difference between the highest price a market participant is willing to pay to buy an ETF and the lowest price at which a market participant is willing to sell an ETF, averaged over the past 45 days, as a percent.

FRAK Portfolio Data

$24.95 B

Describes the average of each stock's market cap (share price x shares outstanding) scaled by its weight in the portfolio.

71.32

Weighted average ratio of prices of a fund’s stocks to trailing earnings of underlying stocks.

1.93

Weighted average ratio of prices of a fund’s stocks to the book value of underlying equity.

0.55%

The ratio of distributions paid by the fund over the past 12 months, divided by the fund’s NAV.

12/29/14

The date on which a security's price excludes an upcoming dividend.

67

The number of securities held in the fund as of ETF.com’s analysis date, based on issuer portfolios or the creation basket. If an ETF holds other ETFs, we count every constituent, looking through the ETF wrapper.

FRAK Index Data

Market Vectors Global Unconventional Oil & Gas Index

This is the benchmark an ETF is desigend to track or replicate.

Market Cap

A set of rules that the underlying index provider follows to weight its constituent securities.

Market Cap

A set of rules that the underlying index provider follows to select its constituent securities.

Thomson Reuters Global
Oil & Gas

This is the index that we have chosen as the best-in-class gauge for each segment's broad market.

Related ETFs to FRAK

IOIL

ETFs from within the same segment or closely related segments with similar investment objectives or market exposures.

FRAK Commentary & News

18 September 2014 Oil ETFs | ETF.com
16 September 2014 Global ETFs | ETF.com
26 August 2014 Global ETFs | ETF.com

FRAK ETF.com Efficiency Insight

Charging 54 bps, FRAK is a middle of the road fund when it comes to costs in the international equity ETF space. FRAK launched in early 2012, and has been slowly been attracting investor interest. Still, its $100M in AUM makes it larger than its only competitor in the segment, IOIL. (Insight updated 09/03/2014)

Total Return - 10/16/2014
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
Performance [as of 10/16/14] 1 Month 3 Month YTD 1 Year 3 Years 5 Years 10 Years
FRAK -18.03% -22.65% -8.34% -12.58% -- -- --
FRAK (NAV) -18.23% -22.50% -8.50% -12.34% -- -- --
Market Vectors Global Unconventional Oil & Gas Index -18.23% -22.50% -8.43% -12.23% -- -- --
Thomson Reuters Global Oil & Gas -13.45% -17.49% -9.14% -6.01% 3.47% 2.88% --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

FRAK Portfolio Management

0.54%

The net annual fee a fund holder pays to the issuer.

-0.22%

Compares returns of the fund's NAV to its underlying index for a daily series of overlapping 12 month periods. The median is the middle value of the results.

-0.11%

Largest deviation in a positive direction of a fund's returns vs. its underlying index over the past 12 months.

-0.29%

Largest deviation in a negative direction of a fund's returns vs. its underlying index over the past 12 months.

FRAK Tax Exposures

20.00% / 39.60%

The maximum long-term and short-term U.S. tax rates applicable to a realized capital gain.

0.00%

The average capital gains paid out to shareholders in the past 36 months, measured as a percent of net asset value (NAV) at the time.

Qualified dividends

IRS treatment of the majority of the fund's distributions.

No

ETFs that are structured as commodities pools and classified as limited partnerships by the IRS will issue K-1 forms to holders.

FRAK Fund Structure

Open-Ended Fund

The organizational structure of the fund or ETN.

No

An indicator of whether a fund uses over-the-counter derivatives such as swaps or forwards to achieve its objectives.

Yes

An indicator of whether or not a fund actively lends its portfolio holdings.

100% / 0%

The division of securities lending revenue between the fund and the issuer.

N/A

The institution responsible for providing the return of the stated index and whose credit is the sole backing of the ETN.

N/A

The risk of default by the ETN counterparty.

Low

The likelihood that an issuer will shut down a fund for business or regulatory reasons.

Daily

The frequency of an issuer's disclosure of all fund holdings.

FRAK ETF.com Tradability Insight

FRAK still deals with modest liquidity. The fund trades around $1M on most days. FRAK's fairly wide average spreads are worth consideration. Fortunately, its perfect block liquidity score indicates that liquidity providers are willing to offer fair deals to those trading in size. (Insight updated 09/03/2014)



Average Spread
Premium/Discount
Volume

FRAK ETF.com/ Block LiquidityAs of 10/17/2014

5
4
3
2
1

This measurement shows how easy it is to trade 25,000 shares of FRAK. FRAK is rated a 5 out of 5.

FRAK Tradability

36,928

It is the daily number of shares traded, averaged over the past 45 trading days.

$1.08 M

It is the daily dollar value of shares traded, averaged over the past 45 trading days.

26,512

Median number of shares traded over the past 45 trading days.

$829.15 K

Median dollar value of shares traded over the past 45 trading days.

0.29%

The difference between the highest price a market participant is willing to pay to buy an ETF and the lowest price at which a market participant is willing to sell an ETF, averaged over the past 45 days, as a percent.

$0.09

The difference between the highest and lowest posted prices for an ETF, averaged over the past 45 days, in dollars.

0.21%

The middle value in the ranked set of all premium/discount values over a maximum 12-month period.

0.55% / -0.71%

The greatest amount that the market price exceeded (premium) and fell below (discount) its fair value/net asset value (NAV) over a maximum 12-month period.

None

This flags whether there is currently a systemic issue that has restricted the ability to create or redeem shares of the fund. This may be imposed by the fund's issuer, or by external circumstances.

100.00%

The percent of time that the underlying securities of an ETF are open to trading while US exchanges are open.

50,000

The smallest block of ETF shares that an Authorized Participant can either create or redeem at net asset value (NAV) with the issuer in exchange for the underlying shares of the fund.

0.53

The median 45 day share volume divided by the creation unit size of the fund. The higher the number, the more likely that liquidity providers will trade the fund in size, or in odd lots.

0.08%

The standard fee to create or redeem 1 creation unit of an ETF as a percentage of the dollar value of 1 creation unit.

0.05%

This metric serves as a way of understanding the impact of executing 1 creation unit worth of an ETF in terms of the volume of its underlying components.

58

The total number of net outstanding options contracts for an ETF.

$26.01

The total market value of the assets that an ETF holds less fund expenses.

5

An estimate of liquidity for the underlying baskets of securities, scaled 1 to 5.

FRAK ETF.com Fit Insight

FRAK pulls its holdings from what it calls the 'unconventional oil and gas space', such as shale oil, tight natural gas, and coalbed methane. As a result, it differs significantly from our segment benchmark. Over 85% of the fund is invested in the exploration and production industry. Size tilts are also severe, as the fund's average market cap is a fraction of the market's. Unlike our benchmark, FRAK pulls almost exclusively from the U.S. and Canada. (Insight updated 09/03/2014)

FRAK Geographic ExposureView All

FRAK Segment Benchmark
47.89% 75.40%

9.35% 24.60%

0.01% --

0.05% --

0.01% --

0.11% --

0.01% --

0.22% --

42.31% 0%

FRAK Segment Benchmark
57.24% 100.00%

10.99% --

29.63% --

1.77% --

87.28% / 12.72% 100.00% / --

FRAK Performance Statistics

0.61

The degree to which the fund and its segment benchmark move up and down in unison.

1.25

The sensitivity of the returns of the fund to the movement of the ETF.com segment benchmark. Beta of 1.0 means magnitude of fund returns equals that of IU benchmark returns.

1.01

The comparison of a fund's return to our benchmark's for days when the benchmark is up. Ideally down beta is less than up beta while beta of 1.0 means they're equal.

1.45

The comparison of a fund's return to our benchmark's for days when the benchmark is down. Ideally down beta is less than up beta while beta of 1.0 means they're equal.

0.77%

A measure of the variability between the fund's returns and the ETF.com segment benchmark returns on days when the fund underperforms the benchmark.

Thomson Reuters Global
Oil & Gas

This is the index that we have chosen as the best-in-class gauge for each segment's broad market.

FRAK Benchmark Comparison

FRAK
67 Holdings
Segment Benchmark
289 Constituents
Shared Holdings
56 (Count)
 
19.12% (Weight)
FRAKSegment Benchmark
$127.39 B$24.95 B

The average market capitalization of the firms in the portfolio based on each firm’s weighting in the portfolio.

The breakdown of the portfolio’s holdings into each market capitalization bucket based on each firm’s weighting in the portfolio.

83%64%
14%30%
3%5%
0%0%
13.6371.32

Weighted average ratio of prices of a fund’s stocks to trailing earnings of underlying stocks.

1.341.93

Weighted average ratio of prices of a fund’s stocks to the book value of underlying equity.

2.96%1.90%

The weighted average of the current yield on the portfolio’s holdings.

28967

The number of securities held in the fund as of ETF.com’s analysis date, based on issuer portfolios or the creation basket. If an ETF holds other ETFs, we count every constituent, looking through the ETF wrapper.

HighMedium

The level of return contribution attributable to the average portfolio constituent.