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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 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
    • Index Total Return Ticker

      MVCHLC
    • Index Provider

      Market Vectors Index Solutions
    • Total Net Assets

      $5.1M
    • Shares Outstanding

      200,000
    • Number of Holdings

      25
    • Commencement Date

      10/11/2011
  •  
    as of 04/17/14

  • Index Key Points

    The Market Vectors® Renminbi Bond Index (MVCHLC) comprises: 

    Designed to track the performance of the Chinese Renminbi (RMB)-denominated bonds that are investable to market participants outside of mainland China. Includes fixed-rate offshore RMB-denominated government bonds, quasi-government bonds, supranational bonds and corporate bonds.

    Index Provider: Market Vectors Index Solutions

  • Index Profile
     

    • Ticker

      MVCHLC
    • Inception Date

      09/30/2011
    • Rebalance Frequency

      Monthly
  • Index Fundamentals4
    as of 04/16/14

    • Yield to Worst

      2.68%
    • Yield to Maturity

      2.69%
    • Effective Duration (yrs)

      2.41
    • Modified Duration (yrs)

      2.42
    • Years to Maturity

      2.71
    • Coupon

      3.30%
     4 See Important Disclosure for definitions.
  • Top 10 Constituents (%) as of 03/31/14

    Total Constituents: 112
    Constituent Name
    Coupon
    Maturity Weighting (%)
    China Government Bond
    1.850
    06/29/2015
    3.58
    China Government Bond
    2.870
    06/27/2016
    3.14
    China Government Bond
    2.560
    06/29/2017
    2.70
    China Government Bond
    2.600
    11/22/2016
    2.24
    China Government Bond
    1.400
    08/18/2016
    2.16
    China Guangdong Nuclear
    3.750
    11/01/2015
    2.04
    Global Logistic Properti
    3.375
    05/11/2016
    1.79
    British Columbia Prov Of
    2.250
    11/13/2014
    1.69
    Bank Of China/London
    3.450
    01/16/2017
    1.68
    Export-Import Bank China
    3.250
    01/21/2017
    1.68
    Top 10 Total (%) 22.70
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.
  • Index Country Weightings (%)
    as of 03/31/14

    • Country

      % of Net Assets
    • CHINA

      67.0
    • GERMANY

      4.1
    • HONG KONG

      3.7
    • SOUTH KOREA

      3.4
    • UNITED KINGDOM

      2.9
    • U.S.

      2.8
    • RUSSIA

      2.6
    • FRANCE

      2.5
    • SINGAPORE

      1.8
    • CANADA

      1.7
    • NEW ZEALAND

      0.8
    • SUPRA-NATIONAL

      0.8
    • SWEDEN

      0.7
    • INDIA

      0.7
    • UAE

      0.7
    • NETHERLANDS

      0.7
    • MEXICO

      0.7
    • AUSTRALIA

      0.7
    • MALAYSIA

      0.7
    • BRAZIL

      0.7
    • OTHERS

      0.5
    • Total

      100.2
  • Index Sector Weightings (%)
    as of 03/31/14

    • Sector

      % of Net Assets
    • Financial

      53.0
    • Government

      25.1
    • Consumer, Cyclical

      7.5
    • Basic Materials

      5.4
    • Utilities

      3.9
    • Energy

      1.6
    • Consumer, Non-cyclical

      1.5
    • Communications

      1.3
    • Diversified

      0.7
    • Total

      100.0
  • Index Credit Quality (%)
    as of 03/31/14

    Composite % of Net Assets
    Investment Grade AAA 0.78
    AA 6.42
    A 36.83
    BBB 12.95
    Total Investment Grade 56.98
    Not Rated 43.02
    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 03/31/14

    Average Maturity: 2.74 Years