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  • Ticker:- PEK;false;CSIR0300;
  • Ticker Group:- ETFEQ_INTL;false;;

  • Making News

    ETF Trends: Diversified Exposure to China with A-Shares ETF


    2/07/13: Tom Lydon of ETF Trends profiles PEK and writes, "Chinese equities and ETFs are garnering greater attention as the country shows improving economic data along with relatively low valuations."
    View article >> 


    Benzinga: This Small-Cap ETF is Looking Good


    1/31/13: RSXJ is showcased by Benzinga's ETF Professor as "showing signs of life in 2013." He likes that RSXJ is more diverse than Russian large-cap ETFs, with less exposure to energy and state-controlled companies. 
    View article >>     


    Barron’s: Vietnam Growing and Cheap


    1/05/13: Barron’s M. Shari writes about compelling growth prospects for the emerging-markets nation of Vietnam. "The dynamic, resource-rich country is the world's second-largest exporter of coffee, after Brazil, and of rice, after Thailand, and it's a net crude-oil exporter.” Shari spotlights VNM: "The easiest way to invest is via the 3½-year-old exchange-traded fund, VNM."
    View article >> 


    WSJ: What ETF Managers Do


    1/04/13: Reporter A. Weinberg interviews Market Vectors’ Hao-Hung (Peter) Liao, "who leads a handful of portfolio managers at Van Eck Global who oversee some $24 billion in investor assets around the world." The primary mission of Liao and his ETF team is to keep each Fund’s “holdings and the value of those holdings, precisely in line with the indexes they track."
    View article >> 


    Barron’s: Betting on Brazil


    11/03/12: Despite last year’s tepid economic growth, reporter C. Williams of Barron’s writes, "Don't give up on the land of sun and samba, because Brazil's longer-term prospects could make it one of the world's best investments in years to come." Williams puts a spotlight on BRF as "an ETF that affords participation in [Brazil’s] growing educational sector." View article >> 


  • How to Purchase

    Learn more

China ETF PEK

  • Full Name: Market Vectors®
    China ETF (PEK®)

    Management Style: Replication. PEK does not invest directly in A-Shares, it invests in swaps and other types of derivative instruments that have economic characteristics substantially identical to those of China A-Share stocks.

    Underlying Index: CSI 300 Index1a (CSIR0300)

    Index Description: CSIR0300 is a diversified index that consists of 300 A-Share stocks listed on the Shenzen or Shanghai Stock Exchange.


    Please read Important Disclosure.

  •    

    • Fund Ticker

      PEK

    • Exchange

      NYSE Arca

    • Index Total Return Ticker

      CSIR0300

    • Index Provider

      China Securities Index Co, Ltd.

    • Total Net Assets

      $41.1M

    • Shares Outstanding

      1,200,000

    • Number of Holdings

      2

    • Commencement Date

      10/13/2010

  •   as of 05/17/13

  • Key Points

    100% China A-Share Exposure
    Only U.S. listed ETF to consist entirely of China A-shares
    A-Share Growth Driven by Domestic Consumption
    Domestic consumption growth in China is the largest in the world

    Broad and Comprehensive Underlying Index
    The CSI 300 represents approximately 64% of the total market capitalization of China's two stock exchanges
     

  • Trading Information

    • Fund Ticker

      PEK

    • Index Total Return Ticker

      CSIR0300

    • NAV

      PEKNV

    • Intraday NAV (IIV)4

      PEKIV

    • Shares Outstanding

      1,200,000

    • Estimated Cash

      PEKEU

    • Total Cash

      PEKTC

    • CUSIP

      57060U597

    • ISIN

      US57060U5974
    Source: Bloomberg

  • Fees & Expenses2

    • Management Fee

      0.50%

    • Other Expenses

      1.71%

    • Gross Expense Ratio

      2.21%

    • Fee Waivers and
      Expense Reimbursement

      (1.49)%

    • Net Expense Ratio

      0.72%
    2 Expenses for PEK are capped contractually at 0.72% until at least May 1, 2014. Cap excludes certain expenses, such as interest. See Important Disclosure for more information.

  • Prices as of 05/17/13

    TickerNAV/
    Last Price    		Avg. 30-Day
    Trading
    Volume    		Daily Change
    NAV/
    Last Price    		 YTD Change
    NAV/
    Last Price    		Premium/
    Discount    		Prem/Discount
    Distribution Charts    		NAV &
    Prem/Discount
    History    		NAV
    Price
    Chart
    PEK $34.26
    $34.61         		10,819
    17,691
    $0.63 / +1.9%
    $0.81 / +2.4%
    		+ 3.3%
    - 5.2%
    		$0.35
    1.02%

  • 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
    10/13/10
    PEK (NAV) -1.38 -8.31 -2.83 -4.22 -- -- -- -7.77
    PEK (Share Price) -2.10 -8.13 -6.85 -2.41 -- -- -- -5.96
    CSIR0300 (Index) -1.89 -8.89 -2.97 -4.88 -5.89 -8.01 -- -8.99
    Performance Differential (NAV - Index) 0.51 0.58 0.14 0.66 -- -- -- 1.22
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    10/13/10
    PEK (NAV) -1.38 -8.31 -2.83 -4.22 -- -- -- -7.77
    PEK (Share Price) -2.10 -8.13 -6.85 -2.41 -- -- -- -5.96
    CSIR0300 (Index) -1.89 -8.89 -2.97 -4.88 -5.89 -8.01 -- -8.99
    Performance Differential (NAV - Index) 0.51 0.58 0.14 0.66 -- -- -- 1.22

    *Returns less than one year are not annualized.

    The table presents past performance which is no guarantee of future results and which may be lower or higher than current performance. Returns reflect temporary contractual fee waivers and/or expense reimbursements. Had the ETF incurred all expenses and fees, investment returns would have been reduced. Investment returns and ETF share values will fluctuate so that investors' shares, when redeemed, may be worth more or less than their original cost. ETF returns assume that dividends and capital gains distributions have been reinvested in the Fund at NAV.

    The "Net Asset Value" (NAV) of a Market Vectors Exchange Traded Fund (ETF) is determined at the close of each business day, and represents the dollar value of one share of the fund; it is calculated by taking the total assets of the fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV is not necessarily the same as the ETF 's intraday trading value. Market Vectors ETF investors should not expect to buy or sell shares at NAV.

  • View All Holdings » Top 10 Holdings (%) as of 04/30/13

    Total Holdings: 2
    Holding Name
    Shares
    		 Notional Amount Market Value
    (US$)     		% of Net
    Assets
    Credit Suisse Securities (Europe) Ltd
    89,050
    		 38,738,237 380,153 0.98
    Other/Cash
    		38,299,140 99.02
    Top 10 Total (%) 100.00
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.

  • Domicile Weightings (%) as of 04/30/13

    • Domicile

      % of Net Assets

    • China

      100.0

    • Total

      100.0

  • Sector Weightings (%) as of 04/26/13

    • Sector

      % of Net Assets

    • Financials

      41.0

    • Industrials

      13.3

    • Materials

      10.6

    • Consumer Discretionary

      9.9

    • Energy

      6.9

    • Consumer Staples

      6.6

    • Health Care

      5.3

    • Information Technology

      2.9

    • Utilities

      2.9

    • Telecommunication Services

      0.8

    • Total

      100.2
  • Contact Us

    Van Eck Securities
    Corporation, Distributor
    335 Madison Avenue, 19th Fl.
    New York, NY 10017
    888.MKT.VCTR
    888.658.8287
    marketvectors@vaneck.com

  • About the Qualified Financial Institutional Investor (QFII) License

    The Adviser has submitted an application for a QFII license in order to allow the Fund to invest directly in A-shares. There is no assurance that the Adviser will be able to obtain a QFII license and, if so, when such license would be granted. Furthermore, there are significant legal and operational obstacles that will need to be resolved before the Fund can invest directly in the A-share market, including repatriation restrictions and A-share Quota limitations. Until the Adviser obtains a QFII license, and the significant legal and operational obstacles are resolved, the Fund will not invest directly in A-shares.

    Therefore, unless and until the Fund is able to invest directly in A-shares, the Fund intends to invest in swaps and other types of derivative instruments that have economic characteristics that are substantially identical to the economic characteristics of A-shares including swaps on the CSI Index and/or the A-shares which comprise the CSI Index. The Fund may also invest in swaps on funds that seek to replicate the performance of the CSI Index or directly in securities of such funds. Assets not invested in swaps and other derivatives will be invested primarily in money market instruments.

    Important Disclosure 

    1a CSI 300 is a registered trademark of China Securities Index Co. The Fund may gain exposure to the China A-share market by investing in swaps that are linked to the performance of China A-shares and, subject to liquidity issues, repatriation issues and approval, directly investing in China A-shares. An investment in the Fund involves a significant degree of risk, including, but not limited to, the following:

    The Adviser’s ability to manage the Fund depends upon the availability of China A-shares and the willingness of swap counterparties to engage in swaps with the Fund linked to the performance of China A-shares. A counterparty’s inability to continue to enter into swaps with the Fund could have a material adverse effect on the Fund.
    The Fund may suffer significant losses if a swap counterparty fails to perform its obligations under the swap as a result of bankruptcy or otherwise. Given that, at present, there are only a limited number of potential counterparties willing and able to enter into swap transactions linked to the performance of China A-shares, the Fund may enter into swap transactions with as few as one counterparty at any time.
    Swaps in which the Fund invests may need to be reset on a regular basis which may increase the likelihood that the Fund will generate short-term capital gains and/or ordinary income. 
    See "Principal Risks of Investing in the Fund — Risk of Investing in Swaps" and "Shareholder Information — Tax Matters" in the Fund's prospectus for a further discussion of these and other risks of investing in the Fund.

    IMPORTANT INFORMATION ABOUT PREMIUM: PEK is currently trading at a premium to its net asset value. A sustained premium can result in additional tracking error and/or potential losses upon sale.  See "Premium/Discount/NAV Price History" (in Prices tab) below for the most current premium/discount information on the Fund.

    1b30-Day SEC Yield is calculated daily, and is a standard yield calculation developed by the Securities and Exchange Commission that allows for fairer comparisons primarily among bond funds. It is based on the most recent 30-day period. This yield figure reflects the interest earned during the period after deducting the fund's expenses for the period. It does not reflect the yield an investor would have received if they had held the fund over the last twelve months assuming the most recent NAV. The 12-Month yield is calculated by summing any income distributions over the past twelve months and dividing by the sum of the most recent NAV and any capital gain distributions made over the past twelve months.

    2PEK Fees & Expenses: Van Eck Associates Corporation (the “Adviser”) has agreed to waive fees and/or pay Fund expenses to the extent necessary to prevent the operating expenses of the Fund (excluding acquired fund fees and expenses, interest expense, offering costs, trading expenses, taxes and extraordinary expenses) from exceeding 0.72% of the Fund’s average daily net assets per year until at least May 1, 2014. During such time, the expense limitation is expected to continue until the Fund’s Board of Trustees acts to discontinue all or a portion of such expense limitation

    3Morningstar Ratings: ©2013 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. 

    4IIV is an abbreviation for An ETF's intraday indicative value; it is an estimated fair value of its holdings based on the most recent prices of its underlying securities and other assets. Intraday values are typically updated every 15 seconds and should closely approximate the net asset value (NAV) of an ETF throughout the trading day. ETF intraday values are calculated by an exchange (e.g., the NYSE Arca) and are distributed through quote services.

    For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics.

    Chinese investments are subject to elevated risks, which include, among others, political and economic instability, inflation, confiscatory taxation, nationalization and expropriation, Chinese securities market volatility, less reliable financial information, differences in accounting, auditing and financial standards and requirements from those applicable to U.S. issuers, uncertainty of implementation of existing Chinese law. In addition, the Fund is also subject to liquidity and valuation risks, foreign securities risk and other risks associated with foreign investments. The Fund invests in swaps on the CSI300 Index or on securities comprising the CSI300 Index. The Fund may also invest in other swaps and derivatives on other funds that track the CSI300 Index or invest directly in the shares of such funds. The use of swap and derivatives entails certain risks, which may be different from, and possibly greater than, the risks associated with investing directly in the underlying asset for the swap agreement. These risks include limited availability of swaps, counterparty risk, liquidity risk, risks of A-shares and the QFII system, tax risk (including short-term capital gains and/or ordinary income), premium risk, currency risk, market risk, and index tracking risk.Investors should be willing to accept a high degree of volatility and the potential of significant loss. Please refer to the prospectus for more complete information on the risks of investing in the Fund.

    CSI 300 Index and its logo are service marks of China Securities Index Co., Ltd. (“CSI”) and have been licensed for use by Van Eck Associates Corporation. The Market Vectors China ETF is not sponsored, endorsed, sold or promoted by CSI and CSI makes no representation regarding the advisability of investing in the Market Vectors China ETF.

    Index returns are not Fund returns and do not reflect any management fees or brokerage expenses. Investors can not invest directly in the Index. Returns for actual Fund investors may differ from what is shown because of differences in timing, the amount invested and fees and expenses. Index returns assume that dividends have been reinvested.

    The S&P® 500 Index consists of 500 widely held common stocks covering industrial, utility, financial and transportation sector; as an Index, it is unmanaged and is not a security in which investments can be made.

    The “Net Asset Value” (NAV) of a Market Vectors Exchange Traded Fund (ETF) is determined at the close of each business day, and represents the dollar value of one share of the fund; it is calculated by taking the total assets of the fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV is not necessarily the same as the ETF’s intraday trading value. Market Vectors ETF investors should not expect to buy or sell shares at NAV.

    Fund shares are not individually redeemable and will be issued and redeemed at their NAV only through certain authorized broker-dealers in large, specified blocks of shares called "creation units" and otherwise can be bought and sold only through exchange trading. Creation units are issued and redeemed principally in kind. Shares may trade at a premium or discount to their NAV in the secondary market. You will incur brokerage expenses when trading Fund shares in the secondary market. Past performance is no guarantee of future results. Returns for actual Fund investments may differ from what is shown because of differences in timing, the amount invested, and fees and expenses.

    Investing involves substantial risk and high volatility, including possible loss of principal. Bonds and bond funds will decrease in value as interest rates rise. An investor should consider the investment objective, risks, charges and expenses of the Fund carefully before investing. To obtain a prospectus and summary prospectus, which contains this and other information, call 888.MKT.VCTR or visit vaneck.com/etf. Please read the prospectus and summary prospectus carefully before investing. 

    Not FDIC Insured — No Bank Guarantee — May Lose Value

 © 2013 Van Eck Securities Corporation. All rights reserved.