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CNXT
VanEck Vectors ChinaAMC SME-ChiNext ETF

  • Fund Description

    VanEck 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 06/26/17

    • 30-Day SEC Yield1

      -0.33%
    • Total Net Assets

      $21.7M
    • Number of Holdings

      101
    • Options

      Available
    • Gross Expense Ratio2

      1.16%
    • Net Expense Ratio/TER2

      0.81%
    • Distribution Frequency

      Annual
    • Next Distribution Date

      12/15/2017
  • 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

      700,000
    • Estimated Cash

      CNXTEU
    • Total Cash

      CNXTTCA
    • CUSIP

      92189F627
    • ISIN

      US92189F6271
    Source: Bloomberg
  • Fees and Expenses2

    • Management Fee

      0.50%
    • Other Expenses

      0.66%
    • Gross Expense Ratio

      1.16%
    • Fee Waivers and
      Expense Reimbursement

      -0.35%
    • Net Expense Ratio/TER2

      0.81%
    2Expenses for CNXT are capped contractually at 0.78% until at least May 1, 2018. Cap excludes certain expenses, such as interest.
  • Prices as of 06/26/17

    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 $30.99
    $31.20
    6,844
    9,102
    $0.33 / +1.07%
    $0.40 / +1.30%
    +6.2%
    +8.2%
    $0.21
    0.67%
  • View All IndicesView All ETFsPerformance History: Average Annual Total Returns* (%)

    1 MO3 MOYTD1 YR3 YR5 YR10 YRLIFE
    07/23/14
    CNXT (NAV)-0.37-2.160.82-9.94------6.37
    CNXT (Share Price)-0.51-1.342.32-10.19------6.46
    SZ399611 (Index)-0.55-1.970.96-9.759.077.44--9.42
    Performance Differential (NAV - Index)0.18-0.19-0.14-0.19-------3.05
    Quarter End as of 03/31/17
    1 MO3 MOYTD1 YR3 YR5 YR10 YRLIFE
    07/23/14
    CNXT (NAV)0.203.253.25-11.58------7.73
    CNXT (Share Price)0.504.234.23-12.16------7.61
    SZ399611 (Index)0.143.133.13-10.9110.259.29--10.91
    Performance Differential (NAV - Index)0.060.120.12-0.67-------3.18
  • Daily HoldingsTop 10 Holdings (%)  as of 05/31/17

    Total Holdings: 101
    Holding Name
    Ticker
    SharesMarket Value
    (US$)
    % of Net
    Assets
    Guangdong Wens Foodstuffs Group Co Ltd
    300498 CH
    350,688
    1,250,1285.31
    Hangzhou Hikvision Digital Technology C
    002415 CH
    284,250
    1,114,0304.73
    Kangde Xin Composite Material Group Co
    002450 CH
    230,095
    683,5452.90
    Jiangsu Yanghe Brewery Joint-Stock Co L
    002304 CH
    52,938
    682,8282.90
    Suning Commerce Group Co Ltd
    002024 CH
    368,237
    579,0532.46
    Leshi Internet Information & Technology
    300104 CH
    111,348
    505,4872.15
    Bank Of Ningbo Co Ltd
    002142 CH
    169,840
    463,5331.97
    East Money Information Co Ltd
    300059 CH
    248,942
    434,1991.84
    Shenzhen O-Film Tech Co Ltd
    002456 CH
    73,825
    426,5091.81
    Goertek Inc
    002241 CH
    168,216
    422,7901.79
    Top 10 Total (%)27.86
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.
  • Country Weightings (%) as of 05/31/17

    • Country

      % of Net Assets
    • CHINA

      100.31
    • Other/Cash

      -0.31
  • Sector Weightings (%) as of 05/31/17

    • Sector

      % of Net Assets
    • Information Technology

      35.5
    • Industrials

      15.4
    • Materials

      11.6
    • Consumer Discretionary

      10.8
    • Consumer Staples

      9.6
    • Health Care

      9.0
    • Financials

      6.0
    • Energy

      1.1
    • Real Estate

      0.8
    • Utilities

      0.7
    • Other/Cash

      -0.3
  • Important Disclosure

     

    130-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. Distributions may vary from time to time. In the absence of temporary expense waivers or reimbursements, the 30-Day SEC Yield for VanEck Vectors ChinaAMC SME-ChiNext ETF would have been -0.77% on 06/26/2017.

    2CNXT 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 0.78% of the Fund's average daily net assets per year until at least May 1, 2018. 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. TER, or Total Expense Ratio, is also referred to as "Net Expense Ratio".

    3Morningstar Ratings : If applicable, when the ETF is rated three stars or more for any given period. ©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 the intraday indicative value of an ETF's Shares (and is also known as the Indicative Optimized Portfolio Value or IOPV), and is disseminated every 15 seconds during regular trading hours. The IIV is based on the current market value of the securities and/or cash required to be deposited in exchange for a Creation Unit. The IIV does not necessarily reflect the precise composition of the current portfolio of securities held by the Fund at a particular point in time or the best possible valuation of the current portfolio. Therefore, the IIV should not be viewed as a "real-time" update of the Fund's NAV, which is computed only once a day. The Fund is not involved in, or responsible for, the calculation or dissemination of the IIV and makes no warranty as to its accuracy.

    Indices are unmanaged and are not securities in which investments can be made.

    Index returns are not Fund returns and do not reflect any management fees or brokerage expenses. Investors cannot 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 Fund is subject to risks which include, among others, those associated with investments in Chinese securities, particularly A-Shares, risk of the RQFII regime, investing through Stock Connect, foreign securities, emerging market issuers, foreign currency, basis materials sector, consumer discretionary sector, consumer staples sector, industrials sector, information technology sector, small- and medium-capitalization companies, cash transactions, equity securities, market, operational, index tracking, authorized participant concentration, no guarantee of active trading market, trading issues, replication management, fund shares trading, premium/discount risk and liquidity of fund shares, non-diversified and concentration risks, , all of which may adversely affect the Fund. Foreign and emerging markets investments are subject to risks, which include changes in economic and political conditions, foreign currency fluctuations, changes in foreign regulations, changes in currency exchange rates, unstable governments, and limited trading capacity which may make these investments volatile in price or difficult to trade. Small and medium-capitalization companies may be subject to elevated risks. The Fund's assets may be concentrated in a particular sector and may be subject to more risk than investments in a diverse group of sectors.

    The "Net Asset Value" (NAV) of a VanEck 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. VanEck 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. Shares may trade at a premium or discount to their NAV in the secondary market.

    Investing involves substantial risk and high volatility, including possible loss of principal. 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 800.826.2333 or visit www.vaneck.com/etfs. Please read the prospectus and summary prospectus carefully before investing.

    This content is published in the United States for residents of specified countries. Investors are subject to securities and tax regulations within their applicable jurisdictions that are not addressed on this content. Nothing in this content should be considered a solicitation to buy or an offer to sell shares of any investment in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction, nor is it intended as investment, tax, financial, or legal advice. Investors should seek such professional advice for their particular situation and jurisdiction.