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Commodity Prices Rise In January On Bullish Data, Rising Optimism

CMCITR is the underlying index for the Van Eck CM Commodity Index Fund (tickers: CMCAX, COMIX, CMCYX), an open-end, index-based mutual fund launched at the end of 2010.

Contango Defined

Contango refers to an upward-sloping futures curve. When a curve is in contango, the futures price is greater than the spot price. As a result, the price of a futures contract is greater than the price of an expiring contract. When this occurs, investors will incur an added cost each time a contract expires and it is rolled over and replaced it with another contract.

Fund Performance

The performance shown for the indices does not reflect fees and charges, which are assessed with the purchase and ownership of the Fund. Indices are not securities in which investments can be made.

 
Average Annual Total Returns (%) as of January 31, 2013
        1 Mo 1   3 Mo 1   YTD 1   1 Yr   3 Yr   5 Yr   10 Yr   Life
Class A: NAV (Inception 12/31/10)       2.66   3.04   2.66   0.12   --   --   --   -2.19
Class A: Maximum 5.75% load       -3.20   -2.86   -3.20   -5.67   --   --   --   -4.92
UBS Bloomberg CMCI       2.62   3.15   2.62   1.43   7.70   -0.30   --   --
                   

1One-month and year-to-date returns are not annualized.

The tables present past performance, which is no guarantee of future results and which may be lower or higher than current performance. Returns reflect applicable fee waivers and/or expense reimbursements. Had the Fund incurred all expenses and fees, investment returns would have been reduced. Investment returns and Fund share values will fluctuate so that investor’s shares, when redeemed, may be worth more or less than their original cost. Fund returns assume that dividends and capital gains distributions have been reinvested in the Fund at NAV. Index returns assume that dividends of the Index constituents have been reinvested.

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