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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 Provider: Market Vectors Index Solutions

    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
    • Commencement

      10/11/2011
    • ETF Structure

      Physical
    • Administrator

      Van Eck Associates
    • Custodian

      Bank of New York Mellon
    • Index Ticker

      MVCHLC
    • Index Rebalancing

      Monthly
  •  
    as of 10/24/14

    • 30-Day SEC Yield1

      2.76%
    • Total Net Assets

      $5.2M
    • Number of Holdings

      26
    • Options

      Expected
    • Gross Expense Ratio2

      3.08%
    • Net Expense Ratio/TER2

      0.39%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      10/31/2014
  • 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 10/23/14

    • Yield to Worst

      3.60%
    • Yield to Maturity

      3.61%
    • Effective Duration (yrs)

      2.21
    • Modified Duration (yrs)

      2.21
    • Years to Maturity

      2.46
    • Coupon

      3.35%
     4 See Important Disclosure for definitions.
  • Top 10 Constituents (%)as of 09/30/14

    Total Constituents: 133
    Constituent Name
    Coupon
    Maturity Weighting (%)
    China Government Bond
    0.000
    2.86
    China Government Bond
    1.850
    06/29/2015
    2.74
    China Government Bond
    2.870
    06/27/2016
    2.39
    China Government Bond
    2.560
    06/29/2017
    2.07
    China Construct Bk Asia
    3.250
    03/13/2016
    1.76
    China Government Bond
    2.600
    11/22/2016
    1.71
    China Government Bond
    1.400
    08/18/2016
    1.66
    China Government Bond
    0.000
    1.52
    Eastern Air Overseas Hk
    4.800
    03/13/2017
    1.47
    China General Nuclear
    3.750
    11/01/2015
    1.35
    Top 10 Total (%)19.53
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.
  • Index Country Weightings (%)
    as of 09/30/14

    • Country

      % of Net Assets
    • CHINA

      70.6
    • NA / UNDEFINED

      7.5
    • U.S.

      3.3
    • HONG KONG

      2.9
    • GERMANY

      2.3
    • UNITED KINGDOM

      2.3
    • SOUTH KOREA

      1.9
    • RUSSIA

      1.7
    • FRANCE

      1.6
    • SINGAPORE

      1.2
    • NEW ZEALAND

      0.6
    • SUPRA-NATIONAL

      0.5
    • SWEDEN

      0.4
    • INDIA

      0.4
    • NETHERLANDS

      0.4
    • JAPAN

      0.4
    • UAE

      0.4
    • AUSTRALIA

      0.4
    • BRAZIL

      0.4
    • TAIWAN

      0.3
  • Index Sector Weightings (%)
    as of 09/30/14

    • Sector

      % of Net Assets
    • Financial

      55.8
    • Government

      24.2
    • Consumer, Cyclical

      6.4
    • Basic Materials

      4.4
    • Utilities

      3.5
    • Industrial

      2.0
    • Energy

      1.5
    • Consumer, Non-cyclical

      1.4
    • Diversified

      0.8
  • Index Credit Quality (%)
    as of 09/30/14

    Composite % of Net Assets
    Investment Grade AAA 1.73
    AA 3.26
    A 31.09
    BBB 7.80
    Total Investment Grade 43.87
    Not Rated 56.13
    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 09/30/14

    Average Maturity: 2.51 Years