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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 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 10/31/14

    • 30-Day SEC Yield1

      2.84%
    • Total Net Assets

      $5.2M
    • Number of Holdings

      26
    • Options

      Expected
    • Gross Expense Ratio2

      3.08%
    • Net Expense Ratio/TER2

      0.39%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      11/28/2014
  • 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 10/31/14

    • 30-Day SEC Yield1

      2.84%
    • Distribution Yield1

      3.69%
    • 12-Month Yield1

      3.52%
     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 10/30/14

    • Yield to Worst

      3.39%
    • Yield to Maturity

      3.44%
    • Effective Duration (yrs)

      1.96
    • Modified Duration (yrs)

      1.95
    • Years to Maturity

      2.25
    • Coupon

      3.13%
     4 See Important Disclosure for definitions.
  • Prices as of 10/31/2014

    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 $26.00
    $26.48
    1,102
    285
    $-0.03 / -0.13%
    $1.00 / +3.92%
    n/a
    + 3.8%

    $0.48
    1.86%
  • 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) -0.45 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
    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 09/30/14

    Total Holdings: 26
    Holding Name
    Coupon
    Maturity
    Composite
    Rating
    Country
    Currency
    % of Net
    Assets
    Hkcg Finance Ltd
    1.400
    04/11/2016
    A+
    Hong Kong
    CNY
    9.19
    China Government Bond
    2.560
    06/29/2017
    A+
    China
    CNY
    7.88
    Volkswagen International Finance Nv
    2.150
    05/23/2016
    A-
    Germany
    CNY
    6.27
    China Power International Development L
    3.200
    12/23/2015
    NR
    China
    CNY
    5.49
    China General Nuclear Power Holding Cor
    3.750
    11/01/2015
    A-
    China
    CNY
    4.79
    China Construction Bank Asia Corp Ltd
    3.250
    03/13/2016
    NR
    China
    CNY
    4.38
    Starway Assets Enterprises Inc
    4.100
    01/22/2017
    BBB+
    China
    CNY
    3.81
    Bank Of China Ltd/London
    3.450
    01/16/2017
    A
    China
    CNY
    3.78
    Industrial & Commercial Bank Of China A
    6.000
    11/04/2021
    NR
    China
    CNY
    3.34
    Bp Capital Markets Plc
    3.950
    10/08/2018
    A
    United Kingdom
    CNY
    3.26
    Top 10 Total (%)52.19

    †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 09/30/14

    • Country

      % of Net Assets
    • CHINA

      66.0
    • UNITED KINGDOM

      6.4
    • GERMANY

      6.3
    • SINGAPORE

      3.2
    • U.S.

      3.2
    • FRANCE

      3.1
    • Other

      11.8
  • Currency Exposure (%)
    as of 09/30/14

    • China Renminbi

      88.23
    • Other

      11.77
    • Total

      100.00
  • Sector Weightings (%)
    as of 09/30/14

    • Sector

      % of Net Assets
    • Financial

      37.5
    • Utilities

      19.5
    • Government

      15.4
    • Basic Materials

      6.3
    • Consumer, Cyclical

      6.3
    • Energy

      3.3
    • Other

      11.8
  • Credit Quality (%)
    as of 09/30/14

    Composite % of Net Assets
    Investment Grade AA 7.80
    A 44.43
    BBB 6.98
    Total Investment Grade 59.22
    Not rated 40.78
    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 09/30/14

    Average Portfolio Maturity: 2.32 Years