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FRAK - VanEck Vectors Unconventional Oil & Gas


FRAK - VanEck Vectors Unconvnt Oil & Gas ETF

FRAK provides exposure to what it deems the 'unconventional oil and gas space'. The fund tracks the MVIS Global Unconventional Oil & Gas Index, a total market index that consists of global companies that generate at least 50% of their revenues from unconventional oil and gas which is defined as coal bed methane, coal seam gas, shale oil, shale gas, tight natural gas, tight oil and tight sands. All eligible securities are ranked by market-cap and the top 85% will be included in the index. However, if fewer than 25 companies are qualified, the index may consider firms between the 85th and 95th percentiles. Selected securities are weighted by market-cap and reviewed quarterly so that no individual security exceeds 8% weight of the portfolio.