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PEK
VanEck Vectors ChinaAMC CSI 300 ETF

  • Fund Description

    VanEck Vectors® ChinaAMC CSI 300 ETF (PEK®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the CSI 300 Index (CSIR0300), which is comprised of the 300 largest and most liquid stocks in the Chinese A-share market.

  •  
      

    • Fund Ticker

      PEK
    • Exchange

      NYSE Arca
    • Commencement

      10/13/2010
    • ETF Structure

      Physical
    • Administrator

      Van Eck Associates
    • Custodian

      Bank of New York Mellon
    • Index Ticker

      CSIR0300
    • Index Rebalancing

      Semi-Annually
  •  
    as of 09/20/17

    • 30-Day SEC Yield1

      0.89%
    • Total Net Assets

      $113.7M
    • Number of Holdings

      306
    • Options

      Available
    • Gross Expense Ratio2

      1.07%
    • Net Expense Ratio/TER2

      0.72%
    • Distribution Frequency

      Annual
    • Next Distribution Date

      12/15/2017
  • Key Points

    100% China A-Share Exposure
    The first U.S.-listed ETF that provides exposure to the China A-Share market
    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 Index represents approximately 45% of the total market capitalization of China's two stock exchanges as of December 31, 2016

  • Trading Information

    • Fund Ticker

      PEK
    • Index Total Return Ticker

      CSIR0300
    • NAV

      PEKNV
    • Intraday NAV (IIV)4

      PEKIV
    • Shares Outstanding

      2,450,000
    • Estimated Cash

      PEKEU
    • Total Cash

      PEKTC
    • CUSIP

      92189F759
    • ISIN

      US92189F7592
    Source: Bloomberg
  • Fees and Expenses2

    • Management Fee

      0.50%
    • Other Expenses

      0.57%
    • Gross Expense Ratio

      1.07%
    • Fee Waivers and
      Expense Reimbursement

      -0.35%
    • Net Expense Ratio/TER2

      0.72%
    2Expenses for PEK are capped contractually at 0.72% until at least May 1, 2018. Cap excludes certain expenses, such as interest.
  • Prices as of 09/20/17

    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
    PEK $46.40
    $46.02
    15,399
    15,399
    $0.24 / +0.51%
    $0.28 / +0.61%
    +25.12%
    +24.65%
    $-0.38
    -0.81%
  • View All IndicesView All ETFsPerformance History: Average Annual Total Returns* (%)

    1 MO3 MOYTD1 YR3 YR5 YR10 YRLIFE
    10/13/10
    PEK (NAV)4.5013.7724.1117.9715.7011.53--3.18
    PEK (Share Price)4.1414.8724.6818.2715.6710.22--3.12
    CSIR0300 (Index)4.4714.9823.8418.7217.2513.26-0.194.84
    Performance Differential (NAV - Index)0.03-1.210.27-0.75-1.55-1.73---1.66
    Quarter End as of 06/30/17
    1 MO3 MOYTD1 YR3 YR5 YR10 YRLIFE
    10/13/10
    PEK (NAV)5.248.2914.8115.7216.367.44--2.07
    PEK (Share Price)5.998.3715.0316.0116.467.48--1.97
    CSIR0300 (Index)6.428.7714.6216.8718.189.242.593.76
    Performance Differential (NAV - Index)-1.18-0.480.19-1.15-1.82-1.80---1.69
  • Daily HoldingsStock Holdings (%) as of 08/31/17

    Total Holdings: 306
    Holding Name
    Ticker
    SharesMarket Value
    (US$)
    % of Net
    Assets
    Ping An Insurance Group Co Of China Ltd
    601318 CH
    782,458
    6,652,4295.56
    China Merchants Bank Co Ltd
    600036 CH
    745,060
    3,022,8712.53
    Kweichow Moutai Co Ltd
    600519 CH
    36,326
    2,705,4242.26
    Industrial Bank Co Ltd
    601166 CH
    900,391
    2,409,4492.01
    China Minsheng Banking Corp Ltd
    600016 CH
    1,707,755
    2,174,2521.82
    Gree Electric Appliances Inc Of Zhuhai
    000651 CH
    347,628
    2,036,6161.70
    Midea Group Co Ltd
    000333 CH
    326,895
    2,032,8511.70
    Bank Of Communications Co Ltd
    601328 CH
    1,984,716
    1,979,5801.65
    China Vanke Co Ltd
    000002 CH
    491,700
    1,731,5401.45
    China State Construction Engineering Co
    601668 CH
    1,083,391
    1,641,3981.37
    Top 10 Total (%)22.05
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.
  • View All HoldingsDerivative Holdings (%) as of 08/31/17

    Total Holdings: 0
    Holding Name
    Contracts
    Market Value
    (US$)
    % of Net
    Assets
    --
    --
    ----
    Total (%)--
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.
  • Country Weightings (%) as of 08/31/17

    • Country

      % of Net Assets
    • CHINA

      99.09
    • UNITED KINGDOM

      0.15
    • UNITED STATES

      0.05
    • Other/Cash

      0.71
  • Sector Weightings (%) as of 08/31/17

    • Sector

      % of Net Assets
    • Financials

      35.7
    • Industrials

      15.0
    • Consumer Discretionary

      10.8
    • Information Technology

      8.8
    • Materials

      7.2
    • Consumer Staples

      6.5
    • Real Estate

      5.2
    • Health Care

      4.5
    • Utilities

      2.5
    • Energy

      2.3
    • Telecommunication Services

      0.8
    • Other/Cash

      0.7
  • Important Disclosure

    VanEck only serves professional clients in countries where the funds are registered or where funds can be sold in accordance with local private placement rules.

    1aCSI 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 VanEck Vectors ChinaAMC A-Share ETF is not sponsored, endorsed, sold or promoted by CSI and CSI makes no representation regarding the advisability of investing in the VanEck Vectors ChinaAMC A-Share ETF.

    1b30-Day SEC Yield is a standard yield calculation developed by the Securities and Exchange Commission that allows for fairer comparisons among 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.

    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, 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 : ©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.

    6The 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.

    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.

    The Fund is subject to elevated risks associated with investments in Chinese securities, including A-shares, which include risk of the RQFII regime and Stock Connect program, adviser and sub-adviser risk, political and economic instability, inflation, confiscatory taxation, nationalization, and expropriation, market volatility, less reliable financial information, differences in accounting, auditing, and financial standards and requirements from those applicable to U.S. issuers, and uncertainty of implementation of existing Chinese law. In addition, the Fund is also subject to liquidity and valuation risks, currency risk, non-diversification risk, and other risks associated with foreign and emerging markets investments.

    The Fund may gain exposure to the China A-Share market by directly investing in China A-Shares and investing in swaps that are linked to the performance of China A-Shares. An investment in the Fund involves a significant degree of risk, including, but not limited to, those associated with investments in Chinese securities, particularly A-Shares, risk of RQFII regime, investing through Stock Connect, foreign securities, emerging market issuers, foreign currency, basic materials, consumer discretionary sector, consumer staples sector, industrials sector, medium-capitalization companies, cash transactions, equity securities, market, operational, index tracking, authorized participant concertation, no guarantee of active trading market, trading issues, replication management risk, fund shares trading, premium/discount risk and liquidity of fund shares, concentration risks and the Adviser's and Sub-adviser's ability to manage the Fund, which depends upon the availability of China A-Shares and the willingness of swap counterparties to engage in swaps linked to the performance of China A-shares all of which may adversely affect the Fund. The Fund may invest in swaps and derivatives which entail certain risks, including limited availability of swaps, counterparty risk, liquidity risk, risks of A-shares, tax risk (including short-term capital gains and/or ordinary income), and currency risk. Foreign and emerging markets investments are subject to risks, which include changes in economic and political conditions, foreign currency fluctuations, changes in foreign regulations, and changes in currency exchange rates which may negatively impact the Fund's returns. The Fund may also invest in shares of other funds and absorb duplicate levels of fees with respect to these investments. 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.

    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 "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. 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. 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 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.