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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 02/10/16

    • 30-Day SEC Yield1

      -0.15%
    • Total Net Assets

      $32.2M
    • Number of Holdings

      104
    • Options

      Available
    • Gross Expense Ratio2

      0.66%
    • Net Expense Ratio/TER2

      0.66%
    • 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

      1,050,000
    • Estimated Cash

      CNXTEU
    • Total Cash

      CNXTTCA
    • CUSIP

      57061R361
    • ISIN

      US57061R3619
    Source: Bloomberg
  • Fees and Expenses2

    • Management Fee

      0.50%
    • Other Expenses

      0.16%
    • Gross Expense Ratio

      0.66%
    • Fee Waivers and
      Expense Reimbursement

      0.00%
    • Net Expense Ratio/TER2

      0.66%
    2 Expenses for CNXT are capped contractually at 0.78% until at least 5/01/16. Cap excludes certain expenses, such as interest.
  • Prices as of 02/10/16

    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 $30.67
    $30.10
    66,530
    6,655
    $0.13 / +0.43%
    $0.15 / +0.50%
    -26.5%
    -27.1%
    $-0.57
    -1.85%
  • 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) -28.25 -25.61 -28.25 -6.00 -- -- -- 13.52
    CNXT (Share Price) -27.17 -24.31 -27.17 -3.53 -- -- -- 13.82
    SZ399611 (Index) -24.76 -22.56 -24.76 1.82 13.97 -- -- 20.23
    Performance Differential (NAV - Index) -3.49 -3.05 -3.49 -7.82 -- -- -- -6.71
    Quarter End as of 12/31/15
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    07/23/14
    CNXT (NAV) 0.51 22.87 45.94 45.94 -- -- -- 44.00
    CNXT (Share Price) -0.86 21.62 43.32 43.32 -- -- -- 42.92
    SZ399611 (Index) 0.21 19.39 50.65 50.65 27.63 -- -- 48.08
    Performance Differential (NAV - Index) 0.30 3.48 -4.71 -4.71 -- -- -- -4.08
  • Daily Holdings »Top 10 Holdings (%)  as of 01/31/16

    Total Holdings: 104
    Holding Name
    Ticker
    SharesMarket Value
    (US$)
    % of Net
    Assets
    Leshi Internet Information & Technology
    CNE100000SJ8
    217,148
    1,399,6524.92
    Beijing Kangde Xin Composite Material C
    CNE100000RN2
    234,547
    1,014,2453.56
    Suning Appliance Co Ltd
    CNE000001KF2
    592,537
    972,7543.42
    East Money Information Co Ltd
    CNE100000MD4
    159,040
    943,8673.32
    Hangzhou Hikvision Digital Technology C
    CNE100000PM8
    178,700
    723,9492.54
    Jiangsu Yanghe Brewery Joint-Stock Co L
    CNE100000HB8
    75,138
    674,7002.37
    Guangzhou Haige Communications Group In
    CNE100000T24
    324,300
    577,3262.03
    Guosen Securities Co Ltd
    CNE100001WS9
    251,281
    559,5291.97
    Xinjiang Goldwind Science & Technology
    CNE1000008S5
    223,246
    549,6481.93
    Byd Co Ltd
    CNE100001526
    74,422
    546,1821.92
    Top 10 Total (%)27.98
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.
  • Country Weightings (%) as of 01/31/16

    • Country

      % of Net Assets
    • CHINA

      106.52
    • Other/Cash

      -6.52
  • Sector Weightings (%) as of 01/31/16

    • Sector

      % of Net Assets
    • Information Technology

      37.9
    • Industrials

      17.3
    • Consumer Discretionary

      15.3
    • Health Care

      13.3
    • Materials

      9.1
    • Financials

      6.9
    • Consumer Staples

      5.5
    • Energy

      0.6
    • Utilities

      0.6
    • Other/Cash

      -6.5