• Ticker:- CHLC;true;MVCHLC;
  • Ticker Group:- ETFFI_IB;false;;
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Renminbi Bond ETF CHLC

  • IMPORTANT NEWS: 

    This Fund Will Cease Trading on Friday, 12/12/14

    This Fund will cease trading at 4:00PM EST on December 12, 2014. Shareholders who do not sell their shares on or before December 12, 2014, will receive cash equal to the amount of the net asset value of their shares. Please read the Press Release and FAQs below for more detailed information.


     


     

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

    Management Style: Sampling

    Underlying Index: Market Vectors Renminbi Bond Index (MVCHLC)

    Index Provider: Market Vectors Index Solutions

    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
    • Commencement

      10/11/2011
    • ETF Structure

      Physical
    • Administrator

      Van Eck Associates
    • Custodian

      Bank of New York Mellon
    • Index Ticker

      MVCHLC
    • Index Rebalancing

      Monthly
  •  
    as of 12/17/14

    • 30-Day SEC Yield1

      3.03%
    • Total Net Assets

      $5.0M
    • Number of Holdings

      1
    • Options

      Expected
    • Gross Expense Ratio2

      3.08%
    • Net Expense Ratio/TER2

      0.39%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      12/26/2014
  • Morningstar™ Ratings**
    as of 11/30/14

    Category Overall 3 Year 5 Year
    Emerging Markets Bond
       
    3 of 209 Funds
       
    3 of 209 Funds
    --
  • 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 12/17/14

    • 30-Day SEC Yield1

      3.03%
    • Distribution Yield1

      29.16%
    • 12-Month Yield1

      6.07%
     1 See Important Disclosure for definitions.
  • Fees & Expenses2

    • Management Fee

      0.35%
    • Other Expenses

      2.73%
    • Acquired Fund Fees and Expenses

      --
    • Gross Expense Ratio

      3.08%
    • Fee Waivers and
      Expense Reimbursement

      -2.69%
    • Net Expense Ratio/TER2

      0.39%
    2Expenses for CHLC are capped contractually at 0.39% until 09/01/15. Cap excludes certain expenses, such as interest. TER, or Total Expense Ratio, is also referred to as "Net Expense Ratio". 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 12/16/14

    • Yield to Worst

      3.68%
    • Yield to Maturity

      3.68%
    • Effective Duration (yrs)

      5.21
    • Modified Duration (yrs)

      5.30
    • Years to Maturity

      5.84
    • Coupon

      3.29%
     4 See Important Disclosure for definitions.
  • Prices as of 12/17/14

    NAV/
    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 $24.86
    $25.07
    0
    0
    $-0.04 / -0.16%
    $0.00 / +0.00%
    -1.6%
    +1.0%
    $0.20
    0.80%
  • 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) -0.19 0.43 1.07 1.38 3.58 -- -- 3.96
    CHLC (Share Price) -0.45 1.79 4.68 5.04 3.38 -- -- 4.50
    MVCHLC (Index) -0.13 0.58 1.25 2.02 4.20 -- -- 4.24
    Performance Differential (NAV - Index) -0.06 -0.15 -0.18 -0.64 -0.62 -- -- -0.28
    After Tax Held -- -- -- -0.19 -- -- -- 2.80
    After Tax Sold -- -- -- 0.77 -- -- -- 2.53
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    10/11/11
    CHLC (NAV) -0.45 0.95 0.18 1.71 -- -- -- 3.87
    CHLC (Share Price) -1.14 0.57 1.66 2.13 -- -- -- 3.72
    MVCHLC (Index) -0.44 0.95 0.22 2.39 -- -- -- 4.12
    Performance Differential (NAV - Index) -0.01 0.00 -0.04 -0.68 -- -- -- -0.25
    After Tax Held -- -- -- 0.18 -- -- -- 2.75
    After Tax Sold -- -- -- 0.96 -- -- -- 2.49
  • View All Holdings »Top 10 Holdings (%)as of 11/30/14

    Total Holdings: 25
    Holding Name
    Coupon
    Maturity
    Composite
    Rating
    Country
    Currency
    % of Net
    Assets
    Hkcg Finance Ltd
    1.400
    04/11/2016
    A+
    Hong Kong
    CNY
    9.21
    China Government Bond
    2.560
    06/29/2017
    A+
    China
    CNY
    7.91
    Volkswagen International Finance Nv
    2.150
    05/23/2016
    A-
    Germany
    CNY
    6.22
    China Power International Development L
    3.200
    12/23/2015
    NR
    China
    CNY
    5.53
    China General Nuclear Power Holding Cor
    3.750
    11/01/2015
    A-
    China
    CNY
    4.73
    China Construction Bank Asia Corp Ltd
    3.250
    03/13/2016
    NR
    China
    CNY
    4.41
    Starway Assets Enterprises Inc
    4.100
    01/22/2017
    BBB+
    China
    CNY
    3.84
    Bank Of China Ltd/London
    3.450
    01/16/2017
    A
    China
    CNY
    3.81
    Industrial & Commercial Bank Of China
    3.200
    04/24/2016
    NR
    China
    CNY
    3.76
    Industrial & Commercial Bank Of China A
    6.000
    11/04/2021
    NR
    China
    CNY
    3.28
    Top 10 Total (%)52.70

    †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 11/30/14

    • Country

      % of Net Assets
    • CHINA

      76.4
    • UNITED KINGDOM

      6.4
    • GERMANY

      6.2
    • U.S.

      3.2
    • FRANCE

      3.1
    • SINGAPORE

      3.1
    • Other

      1.6
  • Currency Exposure (%)
    as of 11/30/14

    • China Renminbi

      98.41
    • Other

      1.59
    • Total

      100.00
  • Sector Weightings (%) as of 11/30/14

    • Sector

      % of Net Assets
    • Financial

      44.4
    • Utilities

      19.5
    • Government

      15.6
    • Consumer, Cyclical

      9.4
    • Basic Materials

      6.3
    • Energy

      3.2
    • Other

      1.6
  • Credit Quality (%)
    as of 11/30/14

    Composite % of Net Assets
    Investment Grade AA 7.83
    A 44.49
    BBB 6.97
    Total Investment Grade 59.28
    Not rated 40.72
    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 11/30/14

    Average Portfolio Maturity: 2.23 Years