What is PIT?

PIT is an actively managed fund that invests in commodity securities from the energy, precious metals, industrial metals, agriculture and livestock sectors. The fund uses an optimized process to maximize risk-adjusted returns.

PERFORMANCE [as of 01/20/23] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
PIT -- -- -0.35% -- -- -- --
PIT (NAV) 2.06% -- 0.82% -- -- -- --
No Underlying Index -- -- -- -- -- -- --
S&P GSCI 5.33% 0.38% 1.44% 16.80% 11.78% 6.34% -3.36%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

PIT Factset Analytics Insight

PIT actively invests in commodity securities to provide exposure to five different sectors: energy, precious metals, industrial metals, agriculture, and livestock. The fund considers various inputs to guide asset allocation decisions and select commodity instruments that the adviser believes will offer enhanced risk-adjusted returns. This does not mean that the fund will employ a low-risk strategy, but rather, it will seek to maximize risk-adjusted returns through an optimization process that incorporates observed risks of each commodity instrument. With this, the fund adviser determines which commodity securities the fund’s assets should be allocated to and their appropriate portfolio weights. PIT also obtains its exposure by utilizing a Cayman Islands subsidiary, thus avoiding issuing a K-1 form to investors.

PIT Summary Data

VanEck
12/20/22
0.55%
$30.39M
No Underlying Index
S&P GSCI
Open-Ended Fund

Peers

S&P GSCI

Fund Flows

$0.00B 5 Days
+$0.02B 30 Days
+$0.02B 90 Days

PIT Portfolio Data

Futures
Optimized
N/A
--

PIT Index Data

No Underlying Index
Proprietary
Proprietary
S&P GSCI

PIT Portfolio Management

0.55%
--
--
--

PIT Tax Exposures

20.00% / 39.60%
--
No

PIT Fund Structure

Open-Ended Fund
No
No
N/A
N/A
Low
Daily

Factset Analytics Block Liquidity

As of 01/23/23

This measurement shows how easy it is to trade a $1 million USD block of PIT. PIT is rated a 5 out of 5.

PIT Tradability

31,509
$757.01K
1,180
$52.30K
0.27%
$0.13
-0.02%
0.33% / -0.21%
None
100.00%
--
--
--
--
0
$51.03
5

PIT Sector Breakdown

PIT Segment
Benchmark
91.08% --
8.92% --

PIT Top 10 Targeted Commodity Weights

30.47%
30.44%
29.75%
9.34%
100.00%

PIT Performance Statistics

--
--
--
--
0.00%

PIT Tenor Strategy

N/A

PIT Rolling Strategy

N/A

Options Strategies for Outcome Investing

A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.