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RSXJ ETF research brief

RSXJ ETF estimated value: what the stranded holdings may represent

An independent RSXJ ETF research page separating disclosed fund data, local-market indications and the legal risks that determine whether value can be recovered.

Reviewed 2026-09-14 · RSXValue Research · Independent research, not investment advice

Current model indication

The current RSXValue baseline shows a gross local indication of $11.73 per estimated RSXJ share, versus a reported official NAV of $0.39. This is a model baseline, not a real-time RSXJ NAV.

Gross model baseline$11.73before recovery discounts
Official NAV$0.39VanEck-reported figure
Disclosed securities21official monitor snapshot

Official holdings source date: 2026-09-11. RSXJ does not yet have the same automated stored MOEX snapshot coverage as RSX.

Why RSXJ is harder to estimate

Small-cap holdings can have thinner local liquidity, less reliable security mappings and wider execution discounts. A quoted local value therefore requires an even larger distinction between economic indication and legally recoverable proceeds.

What must happen before a distribution

  1. The fund must establish legal and operational access to each asset.
  2. A permitted sale or other realization path must exist.
  3. RUB proceeds must be convertible and transferable.
  4. Net proceeds must reach the fund and pass through distribution infrastructure.

Primary evidence