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  • Know Your Index

    CNXT seeks to track the SME-ChiNext 100 Index (SZ399611), which consists of A-shares of the largest 100 companies listed on China's SME and ChiNext Boards of the Shenzhen Stock Exchange.

    Assess: Are privately owned enterprises significantly represented in your index?

    • Privately owned SMEs are driving China's innovation and economic growth.1
    • The SME-ChiNext 100 Index comprises significantly more privately owned enterprises (or Non-SOE, "non-state-owned enterprises") than the CSI 500 and the CSI 300 Indices.

    CNXT Index Chart
    Source: Bloomberg, Shenzhen Securities Information Co, Ltd. All data as of December 31, 2016. See Index Definitions at bottom of page.

    Analyze: Is your index focused on New Economy sectors?

    • The SME-ChiNext 100 Index provides greater exposure to New Economy sectors compared to the CSI 500 and CSI 300 Indices.
    • "Old Economy" sectors currently account for high proportions of total market cap in the CSI 500 and CSI 300 Indices.

    Source: FactSet, Shenzhen Securities Information Company, Ltd. Data as of June 30, 2016.
    See Index Definitions at bottom of page.

    Evaluate: How does Return on Equity (ROE) compare?

    • ROE can illustrate efficient use of capital and resources and may be an indicator of historical growth and profitability.3  
    • SME-ChiNext 100 Index companies have demonstrated historically high ROE since 2011.

    Return on Equity* 

    INDEX 2011 2012 2013 2014 2015 
    SME-ChiNext 100 15.91% 15.44% 13.78% 13.13% 13.18%
    CSI 500  9.14% 9.38% 8.25% 8.42% 8.14%
    CSI 300  15.51% 15.88% 15.03% 15.00% 13.70%

    *Quarterly. All data as of June 30, 2015. Source: Bloomberg, Shenzhen Securities Information Co, Ltd.
    See Index Definitions at bottom of page.



  • 1 By mutual fund and ETF assets under management as of 6/30/2017.
    2 As of January 2014. Source: World Trade Organization.
    3 Prive, Tanya. "How To Build A Company That Warren Buffett Would Invest In." Forbes, 16 August 2013.


    Return on Equity (ROE): A metric that measures a company’s profitability by dividing the previous year’s earnings by the average shareholder equity for that year.

    SME-ChiNext 100 Index: An index that is intended to track the performance of the 100 largest and most liquid stocks listed and trading on the Small and Medium Enterprise (“SME”) Board and the ChiNext Market of the Shenzhen Stock Exchange.

    CSI 300 Index: An index that consists of 300 stocks with the largest market capitalizations and liquidity among the entire universe of listed A-share companies in China.

    CSI 500 Index: An index that aims to comprehensively reflect the price fluctuation and performance of the next 500 largest A-shares listed on the Shanghai and Shenzhen Stock Exchange after those securities represented by the CSI 300.

    Important Disclosure

    Indices are unmanaged and are not securities in which one can invest.

    VanEck Vectors ChinaAMC SME-ChiNext ETF (“the Fund”) is subject to risks which include, among others, those associated with investments in Chinese securities, particularly A-Shares, adviser and sub-adviser risk, risk of the RQFII regime, political and economic instability, inflation, confiscatory taxation, nationalization, expropriation, and market volatility, all of which may adversely affect the Fund. Because the Fund will not be able to primarily invest directly in A-shares in excess of the Sub-Advisor’s RQFII quota, the size of the Fund’s direct investment in A-shares may be limited. 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.

    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.

    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 free prospectus and summary prospectus, which contain this and other information, call 800.826.2333 or visit www.vaneck.com. Please read the prospectus and summary prospectus carefully before investing.