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GLCN
VanEck China Growth Leaders ETF

Fund Description

VanEck China Growth Leaders ETF (GLCN) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MarketGrader China All-Cap Growth Leaders Index (MGCNGRNR), which consists of fundamentally sound Chinese companies that exhibit attractive growth potential at a reasonable price.

 
 

  • Fund Ticker

    GLCN
  • Exchange

    NYSE Arca
  • Inception Date

    10/13/2010
  • ETF Structure

    Physical
  • Administrator

    Van Eck Associates
  • Index Ticker

    MGCNGRNR
  • Index Rebalancing

    Semi-Annually

 
as of 09/28/22

  • 30-Day SEC Yield1

    1.48%
  • Total Net Assets

    $15.0M
  • Number of Holdings

    202
  • Options

    Available
  • Gross Expense Ratio2

    1.40%
  • Net Expense Ratio/TER2

    0.60%
  • Distribution Frequency

    Annual
  • Next Distribution Date

    12/16/2022

Key Points

  • Access fundamentally sound Chinese companies with attractive growth potential at a reasonable price (“GARP”)

  • Represents the entire Chinese opportunity set regardless of size or listing location6

  • Potential to outperform traditional capitalization-weighted benchmarks by selecting top-ranked companies

Trading Information

  • Fund Ticker

    GLCN
  • Index Total Return Ticker

    MGCNGRNR
  • NAV

    GLCNNNV
  • Intraday NAV (IIV)4

    GLCNNIV
  • Shares Outstanding

    600,000
  • Estimated Cash

    GLCNEU
  • Total Cash

    GLCNTC
  • CUSIP

    92189F759
  • ISIN

    US92189F7592
Source: Bloomberg

Fees and Expenses2

  • Management Fee

    0.50%
  • Other Expenses

    0.90%
  • Gross Expense Ratio

    1.40%
  • Fee Waivers and
    Expense Reimbursement

    -0.80%
  • Net Expense Ratio/TER2

    0.60%

2Expenses for GLCN are capped contractually at 0.60% until May 1, 2023. Cap excludes acquired fund fees and expenses, trading expenses, taxes and extraordinary expenses.

Investment Professionals

  • Portfolio Manager and Head of Equity ETFs
  • Oversees the Equity ETF Investment Management Team including development and management of index replication and optimization strategies
  • Joined VanEck in 2005
  • CFA charterholder; member of the CFA Society New York
  • BA, Mathematics and Economics, New York University
  • Analyst for Equity ETFs
  • Joined VanEck in 2018
  • Prior to joining VanEck, ETF Basket Operations Analyst at JPMorgan
  • BS, Finance, Providence College
  • Analyst for Equity ETFs
  • Joined VanEck in 2019
  • Prior to VanEck, Intermediate Representative, Exchange Traded Funds at BNY Mellon.
  • BS, Accounting, Hunter College

Prices as of 09/28/22

NAV/
Market
Price
Volume
30-Day Avg./
Last Trading Day
Daily Change
NAV/
Last Price
YTD Change NAV/
Last Price
Premium/
Discount
30-Day
Median
Bid Ask
Spread
NAV
Chart
GLCN $24.94
$24.86
855
23
$-0.27 / -1.08%
$-0.17 / --
--
--
$-0.08
-0.33%
0.33%

Premium/Discount History as of 09/28/22

Calendar Year 2021 3Q 2021 4Q 2021 1Q 2022 2Q 2022 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 42 10 0 1 0
GLCN Days closed at NAV 9 4 0 0 1
Days closed at a discount 201 50 64 61 61

Performance History: Average Annual Total Returns* (%)

  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
10/13/10
GLCN (NAV) -4.20 -4.78 -26.21 -27.73 -4.22 -4.07 3.43 0.07
GLCN (Share Price) -4.31 -5.11 -26.42 -28.04 -4.38 -4.23 2.74 -0.04
MGCNGRNR (Index) -3.77 -4.57 -25.53 -27.04 -0.85 -1.33 5.70 2.19
Performance Differential (NAV - Index) -0.43 -0.21 -0.68 -0.69 -3.37 -2.74 -2.27 -2.12
  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
10/13/10
GLCN (NAV) 10.51 5.74 -14.36 -27.75 -0.83 0.38 3.85 1.35
GLCN (Share Price) 10.83 6.41 -14.05 -27.81 -0.73 0.39 3.88 1.30
MGCNGRNR (Index) 10.10 4.96 -14.08 -27.60 2.70 3.11 6.12 3.48
Performance Differential (NAV - Index) 0.41 0.78 -0.28 -0.15 -3.53 -2.73 -2.27 -2.13

Top 10 Holdings (%) as of 08/31/22 Daily Holdings

Total Holdings: 200
Swipe
to view
full data
Holding Name
Ticker
Shares
Market Value
(US$)
% of Net
Assets
Jd.Com Inc
JD US
16,326
1,036,538 6.17
Netease Inc
NTES US
11,311
1,001,137 5.96
Wanhua Chemical Group Co Ltd
600309 CH
71,500
915,246 5.45
Wuliangye Yibin Co Ltd
000858 C2
36,730
886,919 5.28
Tencent Holdings Ltd
700 HK
19,700
814,200 4.85
Longi Green Energy Technology Co Ltd
601012 CH
109,990
810,945 4.83
Luzhou Laojiao Co Ltd
000568 C2
18,028
610,636 3.63
Li Ning Co Ltd
2331 HK
61,000
555,596 3.31
Shanxi Xinghuacun Fen Wine Factory Co L
600809 CH
9,595
407,072 2.42
Boe Technology Group Co Ltd
000725 C2
751,600
402,070 2.39
Top 10 Total (%) 44.28
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 08/31/22

  • Country

    % of Net Assets
  • China

    99.18
  • Denmark

    0.52
  • Other/Cash

    0.31

Sector Weightings (%) as of 08/31/22

  • Sector

    % of Net Assets
  • Information Technology

    15.6
  • Materials

    15.5
  • Consumer Staples

    15.4
  • Communication Services

    11.2
  • Consumer Discretionary

    10.6
  • Health Care

    9.8
  • Industrials

    7.5
  • Financials

    2.0
  • Energy

    1.4
  • Real Estate

    1.1
  • Utilities

    0.1
  • n/a

    9.5
  • Other/Cash

    0.3