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CNXT Market Vectors ChinaAMC SME-ChiNext ETF

  • Fund Description

    Market Vectors® ChinaAMC SME-ChiNext ETF (CNXT®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the SME-ChiNext 100 Index (SZ399611), which tracks the performance of the 100 largest and most liquid China A-share stocks listed and trading on the Small and Medium Enterprise ("SME") Board and the ChiNext Board of the Shenzhen Stock Exchange.

  •  
      

    • Fund Ticker

      CNXT
    • Exchange

      NYSE Arca
    • Commencement

      07/23/2014
    • ETF Structure

      Physical
    • Administrator

      Van Eck Associates
    • Custodian

      Bank of New York Mellon
    • Index Ticker

      SZ399611
    • Index Rebalancing

      Semi-Annually
  •  
    as of 05/06/16

    • 30-Day SEC Yield1

      -0.33%
    • Total Net Assets

      $37.5M
    • Number of Holdings

      102
    • Options

      Available
    • Gross Expense Ratio2

      1.11%
    • Net Expense Ratio/TER2

      0.79%
    • Distribution Frequency

      Annual
    • Next Distribution Date

      12/16/2016
  • Key Points

    Primarily Offers Exposure to Privately Owned Small- and Medium-Sized Enterprises (SMEs)
    Non-government owned small- and medium-sized enterprises have driven the majority of recent technological innovation and economic growth in China.
    Consumer-Driven, "New Economy" Sector Focus
    New Economy sectors such as information technology, consumer discretionary and staples, and health care, are well-represented in the Fund's underlying index.
    Historically High ROE May Support Growth Potential 
    Since 2011, the underlying index has had historically high Return on Equity (ROE) compared to some China A-share small-cap benchmarks, which may support growth.
     
  • Trading Information

    • Fund Ticker

      CNXT
    • Index Total Return Ticker

      SZ399611
    • NAV

      CNXTNV
    • Intraday NAV (IIV)4

      CNXTIV
    • Shares Outstanding

      1,150,000
    • Estimated Cash

      CNXTEU
    • Total Cash

      CNXTTCA
    • CUSIP

      92189F627
    • ISIN

      US92189F6271
    Source: Bloomberg
  • Fees and Expenses2

    • Management Fee

      0.50%
    • Other Expenses

      0.61%
    • Gross Expense Ratio

      1.11%
    • Fee Waivers and
      Expense Reimbursement

      -0.32%
    • Net Expense Ratio/TER2

      0.79%
    2 Expenses for CNXT are capped contractually at 0.78% until at least 5/01/17. Cap excludes certain expenses, such as interest.
  • Prices as of 05/06/16

    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
    CNXT $32.63
    $32.36
    40,705
    33,968
    -$1.24 / -3.67%
    $-1.28 / -3.80%
    -21.8%
    -21.6%
    $-0.27
    -0.82%
  • 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
    07/23/14
    CNXT (NAV) -3.84 9.48 -21.44 -32.13 -- -- -- 17.41
    CNXT (Share Price) -3.57 9.74 -20.08 -31.14 -- -- -- 17.84
    SZ399611 (Index) -2.72 8.91 -18.05 -27.96 16.15 -- -- 22.97
    Performance Differential (NAV - Index) -1.12 0.57 -3.39 -4.17 -- -- -- -5.56
    Quarter End as of 03/31/16
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    07/23/14
    CNXT (NAV) 21.66 -18.30 -18.30 -20.25 -- -- -- 21.11
    CNXT (Share Price) 19.52 -17.12 -17.12 -20.05 -- -- -- 21.37
    SZ399611 (Index) 17.50 -15.76 -15.76 -14.53 16.62 -- -- 26.26
    Performance Differential (NAV - Index) 4.16 -2.54 -2.54 -5.72 -- -- -- -5.15
  • Daily Holdings »Top 10 Holdings (%)  as of 04/30/16

    Total Holdings: 102
    Holding Name
    Ticker
    SharesMarket Value
    (US$)
    % of Net
    Assets
    Leshi Internet Information & Technology
    CNE100000SJ8
    217,148
    1,524,7484.04
    Suning Commerce Group Co Ltd
    CNE000001KF2
    715,837
    1,219,5523.23
    East Money Information Co Ltd
    CNE100000MD4
    345,852
    1,164,7603.09
    Jiangsu Kangde Xin Composite Material C
    CNE100000RN2
    211,147
    1,101,7422.92
    Hangzhou Hikvision Digital Technology C
    CNE100000PM8
    215,800
    1,009,0382.68
    Jiangsu Yanghe Brewery Joint-Stock Co L
    CNE100000HB8
    90,838
    944,9022.51
    Byd Co Ltd
    CNE100001526
    89,822
    879,6742.33
    Wangsu Science & Technology Co Ltd
    CNE100000GQ8
    78,689
    771,2892.05
    Siasun Robot & Automation Co Ltd
    CNE100000GH7
    181,722
    734,1871.95
    Guosen Securities Co Ltd
    CNE100001WS9
    299,381
    704,4981.87
    Top 10 Total (%)26.67
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.
  • Country Weightings (%) as of 04/30/16

    • Country

      % of Net Assets
    • CHINA

      100.36
    • Other/Cash

      -0.36
  • Sector Weightings (%) as of 04/30/16

    • Sector

      % of Net Assets
    • Information Technology

      35.0
    • Industrials

      16.0
    • Consumer Discretionary

      14.4
    • Health Care

      12.1
    • Materials

      9.2
    • Financials

      7.1
    • Consumer Staples

      5.3
    • Energy

      0.6
    • Utilities

      0.6
    • Other/Cash

      -0.4