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About VanEck Oil Services ETF
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Inception date
Jul 12, 2011
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Van Eck Associates Corp.
Distributor
Van Eck Securities Corp.
OIH had a makeover in late 2011 as the old 'Oil HOLDRS' was taken over by Van Eck and turned into a living, breathing ETF, with new management, and a simple strategy aimed at capturing the 25 largest and most liquid US-listed oil services companies. Although a fraction of its portfolio is focused overseas, OIH overweights the US and makes its own sector bets. Overall, the OIH offers extremely concentrated exposure with a strong bias to US-firms. The index is rebalanced semi-annually.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Industrial Services
Stocks99.73%
Industrial Services81.21%
Non-Energy Minerals5.11%
Process Industries4.37%
Transportation3.47%
Producer Manufacturing2.71%
Energy Minerals1.53%
Utilities1.33%
Bonds, Cash & Other0.27%
Cash0.27%
Stock breakdown by region
North America91.63%
Europe8.37%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
OIH invests in stocks. The fund's major sectors are Industrial Services, with 81.21% stocks, and Non-Energy Minerals, with 5.11% of the basket. The assets are mostly located in the North America region.
OIH top holdings are Schlumberger Limited and Baker Hughes Company Class A, occupying 19.07% and 12.93% of the portfolio correspondingly.
OIH last dividends amounted to 5.44 USD. The year before, the issuer paid 4.22 USD in dividends, which shows a 22.35% increase.
OIH assets under management is 913.81 M USD. It's fallen 1.08% over the last month.
OIH fund flows account for −456.60 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, OIH pays dividends to its holders with the dividend yield of 2.49%. The last dividend (Dec 24, 2024) amounted to 5.44 USD. The dividends are paid annually.
OIH shares are issued by Van Eck Associates Corp. under the brand VanEck. The ETF was launched on Jul 12, 2011, and its management style is Passive.
OIH expense ratio is 0.35% meaning you'd have to pay 0.35% of your investment to help manage the fund.
OIH follows the MVIS US Listed Oil Services 25. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
OIH invests in stocks.
OIH price has risen by 2.03% over the last month, and its yearly performance shows a −30.43% decrease. See more dynamics on OIH price chart.
NAV returns, another gauge of an ETF dynamics, showed a −17.24% decrease in three-month performance and has decreased by −29.15% in a year.
NAV returns, another gauge of an ETF dynamics, showed a −17.24% decrease in three-month performance and has decreased by −29.15% in a year.
OIH trades at a premium (0.02%) meaning the ETF is trading at a higher price than the calculated NAV.