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Renminbi Bond ETF CHLC

  • Full Name: Market Vectors®
    Renminbi Bond ETF (CHLC)

    Management Style: Sampling

    Underlying Index: Market Vectors Renminbi Bond Index (MVCHLC)

    Index Description: MVCHLC is designed to track the performance of Chinese Renminbi-denominated bonds that are investable to market participants outside of Mainland China.

  •  
     

    • Fund Ticker

      CHLC
    • Exchange

      NYSE Arca
    • Index Total Return Ticker

      MVCHLC
    • Index Provider

      Market Vectors Index Solutions
    • Total Net Assets

      $5.1M
    • Shares Outstanding

      200,000
    • Number of Holdings

      25
    • Commencement Date

      10/11/2011
  •  
    as of 04/17/14

  • Key Points

    • Potential for Currency Appreciation
      China’s currency is widely considered undervalued given China’s strong economic growth

    • Investment Grade Credit Quality
      Index includes only investment grade bonds or bonds from parent companies with investment grade ratings

    • Alternative for Accessing RMB Exposure
      Fund seeks to hold primarily RMB bonds
  • Yields
    as of 04/17/14

    • 30-Day SEC Yield1

      2.62%
    • Distribution Yield1

      2.81%
    • 12-Month Yield1

      3.75%
     1 See Important Disclosure for definitions.
  • Fees & Expenses2

    • Management Fee

      0.35%
    • Other Expenses

      2.07%
    • Acquired Fund Fees and Expenses

      --
    • Gross Expense Ratio

      2.42%
    • Fee Waivers and
      Expense Reimbursement

      (2.03)%
    • Net Expense Ratio

      0.39%
    2Expenses for CHLC are capped contractually at 0.39% until 09/01/14. Cap excludes certain expenses, such as interest. See Important Disclosure for more information.
  • Trading Information

    • Fund Ticker

      CHLC
    • Index Total Return Ticker

      MVCHLC
    • NAV

      CHLCNV
    • Intraday NAV (IIV)5

      CHLCIV
    • Shares Outstanding

      200,000
    • Estimated Cash

      CHLCEU
    • Total Cash

      CHLCTC
    • CUSIP

      57060U282
    • ISIN

      US57060U2823
    5See IIV Details. Source: Bloomberg
  • Fundamentals4
    as of 04/16/14

    • Yield to Worst

      3.04%
    • Yield to Maturity

      3.08%
    • Effective Duration (yrs)

      2.14
    • Modified Duration (yrs)

      2.12
    • Years to Maturity

      2.44
    • Coupon

      2.97%
     4 See Important Disclosure for definitions.
  • Prices as of 04/17/14

    TickerNAV/
    Last Price
    Volume
    30-Day Avg./
    Last Trading Day
    Daily Change
    NAV/
    Last Price
    YTD Change
    NAV/
    Last Price
    Premium/
    Discount
    Prem/Discount
    Distribution Charts
    NAV &
    Prem/Discount
    History
    NAV
    Chart
    CHLC $25.66
    $0.00
    6,776
    0
    $0.03 / +0.1%
    $0.00 / +0.0%
    - 2.7%
    n/a

    $0.00
    0.00%
  • View All Indices » View All ETFs » Performance History: Average Annual Total Returns* (%)

    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    10/11/11
    CHLC (NAV) -1.42 -1.61 -1.61 1.71 -- -- -- 3.91
    CHLC (Share Price) -1.15 0.57 0.57 3.54 -- -- -- 4.04
    MVCHLC (Index) -1.26 -1.87 -1.87 2.20 -- -- -- 4.09
    Performance Differential (NAV - Index) -0.16 0.26 0.26 -0.49 -- -- -- -0.18
    After Tax Held -- -- -- 0.12 -- -- -- 2.82
    After Tax Sold -- -- -- 0.97 -- -- -- 2.54
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    10/11/11
    CHLC (NAV) -1.42 -1.61 -1.61 1.71 -- -- -- 3.91
    CHLC (Share Price) -1.15 0.57 0.57 3.54 -- -- -- 4.04
    MVCHLC (Index) -1.26 -1.87 -1.87 2.20 -- -- -- 4.09
    Performance Differential (NAV - Index) -0.16 0.26 0.26 -0.49 -- -- -- -0.18
    After Tax Held -- -- -- 0.12 -- -- -- 2.82
    After Tax Sold -- -- -- 0.97 -- -- -- 2.54
  • View All Holdings » Top 10 Holdings (%) as of 03/31/14

    Total Holdings: 23
    Holding Name
    Coupon
    Maturity
    Composite
    Rating
    Country
    Currency
    % of Net
    Assets
    Bsh Bosch Und Siemens Hausgerate Gmbh
    2.375
    09/29/2014
    NR
    Germany
    CNY
    9.39
    Hkcg Finance Ltd
    1.400
    04/11/2016
    A+
    Hong Kong
    CNY
    9.15
    China Government Bond
    2.560
    06/29/2017
    A+
    China
    CNY
    7.85
    Export-Import Bank Of China
    2.700
    04/07/2014
    NR
    China
    CNY
    6.34
    Volkswagen International Finance Nv
    2.150
    05/23/2016
    A-
    Germany
    CNY
    6.26
    China Power International Development L
    3.200
    12/23/2015
    NR
    China
    CNY
    5.43
    China General Nuclear Power Holding Cor
    3.750
    11/01/2015
    A-
    China
    CNY
    4.80
    Bank Of China Ltd/London
    3.450
    01/16/2017
    A
    China
    CNY
    3.79
    Industrial & Commercial Bank Of China A
    6.000
    11/04/2021
    NR
    China
    CNY
    3.36
    Value Success International Ltd
    4.750
    11/04/2018
    NR
    China
    CNY
    3.22
    Top 10 Total (%) 59.59

    †See Country of Risk disclosure. These are not recommendations to buy or to sell any security. Securities and holdings may vary. Composite Rating: An evenly weighted blend of a security's Moody's, S&P, Fitch and DBRS ratings. Not Rated indicates that a security is rated by fewer than two of the four rating agencies. This composite is not intended to be a credit opinion. These are not recommendations to buy or to sell any security. Securities and holdings may vary.

  • Country Weightings (%)
    as of 03/31/14

    • Country

      % of Net Assets
    • CHINA

      67.1
    • GERMANY

      18.8
    • UNITED KINGDOM

      3.2
    • SINGAPORE

      3.2
    • FRANCE

      3.2
    • MALAYSIA

      3.1
    • Other

      1.4
    • Total

      100.0
  • Currency Exposure (%)
    as of 03/31/14

    • China Renminbi

      98.57
    • Other

      1.43
    • Total

      100.00
  • Sector Weightings (%)
    as of 03/31/14

    • Sector

      % of Net Assets
    • Financial

      32.5
    • Utilities

      19.4
    • Consumer, Cyclical

      18.8
    • Government

      15.3
    • Basic Materials

      6.3
    • Consumer, Non-cyclical

      3.1
    • Communications

      3.1
    • Other

      1.4
    • Total

      99.9
  • Credit Quality (%)
    as of 03/31/14

    Composite % of Net Assets
    Investment Grade AAA 3.15
    AA 7.80
    A 37.90
    BBB 6.31
    Total Investment Grade 55.17
    Not rated 44.83
    Composite Rating: An evenly weighted blend of a security's Moody's, S&P, Fitch and DBRS ratings. Not Rated indicates that a security is rated by fewer than two of the four rating agencies. This composite is not intended to be a credit opinion.
  • Maturity (%) as of 03/31/14

    Average Portfolio Maturity: 2.27 Years