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ChinaAMC SME-ChiNext ETF CNXT

  • Full Name: Market Vectors®
    ChinaAMC SME-ChiNext ETF (CNXT)

    Management Style: Replication

    Underlying Index: SME-ChiNext 100 (SZ399611)

    Index Provider: Shenzhen Securities Information Co., Ltd.

    Index Description: Intended to track the performance of the 100 largest and most liquid stocks listed and trading on the Small and Medium Enterprise (SME) Board and the ChiNext Board of the Shenzhen Stock Exchange. A-Shares are companies incorporated in China that trade on the Shanghai and Shenzhen Stock Exchanges, are quoted in Renminbi (RMB), and are only available to domestic Chinese investors, Qualified Foreign Institutional Investors (QFIIs), and Renminbi Qualified Foreign Institutional Investors (RQFIIs).

  •  
      

    • 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 11/21/14

    • 30-Day SEC Yield1

      0.12%
    • Total Net Assets

      $17.0M
    • Number of Holdings

      100
    • Options

      Expected
    • Gross Expense Ratio2

      0.68%
    • Net Expense Ratio/TER2

      0.68%
    • Distribution Frequency

      Annual
    • Next Distribution Date

      12/19/2014
  • 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

      600,000
    • Estimated Cash

      CNXTEU
    • Total Cash

      CNXTTCA
    • CUSIP

      57061R361
    • ISIN

      US57061R3619
    Source: Bloomberg
  • Fees & Expenses2

    • Management Fee

      0.50%
    • Other Expenses

      0.18%
    • Gross Expense Ratio

      0.68%
    • Fee Waivers and
      Expense Reimbursement

      0.00%
    • Net Expense Ratio/TER2

      0.68%

    2TER, or Total Expense Ratio, is also referred to as "Net Expense Ratio". Other Expenses are based upon estimated amounts for the current fiscal year.

  • Prices as of 11/21/2014

    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
    CNXT $28.41
    $29.24
    8,747
    3,482
    $0.18 / +0.64%
    $0.87 / +3.07%
    n/a
    n/a

    $0.83
    2.93%
  • 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) -1.19 11.12 -- -- -- -- -- 17.38
    CNXT (Share Price) -1.29 11.12 -- -- -- -- -- 17.79
    SZ399611 (Index) -0.94 11.58 8.51 12.17 5.98 7.73 -- 15.52
    Performance Differential (NAV - Index) -0.25 -0.46 -- -- -- -- -- 1.86
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    07/23/14
    CNXT (NAV) 6.70 -- -- -- -- -- -- 18.80
    CNXT (Share Price) 6.78 -- -- -- -- -- -- 19.33
    SZ399611 (Index) 6.95 14.15 9.53 5.05 7.64 9.87 -- 16.61
    Performance Differential (NAV - Index) -0.25 -- -- -- -- -- -- 2.19
  • View All Holdings »Top 10 Holdings (%)as of 10/31/14

    Total Holdings: 94
    Holding Name
    Ticker
    SharesMarket Value
    (US$)
    % of Net
    Assets
    Suning Appliance Co Ltd
    002024 CH
    444,352
    598,5433.76
    Hangzhou Hikvision Digital Technology C
    002415 CH
    130,900
    430,5652.70
    Xinjiang Goldwind Science & Technology
    002202 CH
    171,553
    343,0982.15
    Goertek Inc
    002241 CH
    77,000
    340,2482.14
    Beijing Kangde Xin Composite Material C
    002450 CH
    63,900
    337,6472.12
    Byd Co Ltd
    002594 CH
    41,800
    321,1492.02
    Anhui Ustc Iflytek Co Ltd
    002230 CH
    66,000
    320,7822.01
    Siasun Robot & Automation Co Ltd
    300024 CH
    52,701
    291,6521.83
    Jiangsu Yanghe Brewery Joint-Stock Co L
    002304 CH
    28,600
    282,6081.77
    Beijing Originwater Technology Co Ltd
    300070 CH
    60,495
    280,4921.76
    Top 10 Total (%)22.26
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.
  • Country Weightings (%)
    as of 10/31/14

    • Country

      % of Net Assets
    • CHINA

      93.9
    • Other

      6.1
  • Sector Weightings (%)
    as of 10/31/14

    • Sector

      % of Net Assets
    • Information Technology

      22.2
    • Consumer Discretionary

      19.4
    • Industrials

      17.6
    • Health Care

      12.8
    • Materials

      9.2
    • Consumer Staples

      6.7
    • Financials

      3.9
    • Energy

      1.6
    • Telecommunication Services

      0.5
    • Other

      6.1