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CNXT Market 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 09/27/16

    • 30-Day SEC Yield1

      -0.05%
    • Total Net Assets

      $34.0M
    • Number of Holdings

      101
    • Options

      Available
    • Gross Expense Ratio2

      1.11%
    • Net Expense Ratio/TER2

      0.79%
    • Distribution Frequency

      Annual
    • Next Distribution Date

      12/16/2016
  • 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

      1,050,000
    • Estimated Cash

      CNXTEU
    • Total Cash

      CNXTTCA
    • CUSIP

      92189F627
    • ISIN

      US92189F6271
    Source: Bloomberg
  • Fees and Expenses2

    • Management Fee

      0.50%
    • Other Expenses

      0.61%
    • Gross Expense Ratio

      1.11%
    • Fee Waivers and
      Expense Reimbursement

      -0.32%
    • Net Expense Ratio/TER2

      0.79%
    2 Expenses for CNXT are capped contractually at 0.78% until at least 5/01/17. Cap excludes certain expenses, such as interest.
  • Prices as of 09/27/16

    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 $32.40
    $32.10
    35,391
    3,130
    $0.32 / +1.00%
    $0.35 / +1.10%
    -22.4%
    -22.3%
    $-0.30
    -0.94%
  • View All Indices » View All ETFs » Performance History: Average Annual Total Returns* (%)

    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    07/23/14
    CNXT (NAV) 2.12 3.06 -19.29 -1.55 -- -- -- 15.92
    CNXT (Share Price) 2.17 1.83 -18.96 -0.92 -- -- -- 15.54
    SZ399611 (Index) 2.68 1.46 -17.40 -2.01 11.76 -- -- 19.43
    Performance Differential (NAV - Index) -0.56 1.60 -1.89 0.46 -- -- -- -3.51
    Quarter End as of 06/30/16
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    07/23/14
    CNXT (NAV) 3.61 -0.67 -18.85 -30.01 -- -- -- 17.75
    CNXT (Share Price) 2.40 -1.67 -18.50 -29.10 -- -- -- 17.36
    SZ399611 (Index) 1.49 -1.92 -17.37 -28.46 15.69 -- -- 21.31
    Performance Differential (NAV - Index) 2.12 1.25 -1.48 -1.55 -- -- -- -3.56
  • Daily Holdings »Top 10 Holdings (%)  as of 08/31/16

    Total Holdings: 101
    Holding Name
    Ticker
    SharesMarket Value
    (US$)
    % of Net
    Assets
    Leshi Internet Information & Technology
    300104 CH
    164,948
    1,136,7142.93
    Hangzhou Hikvision Digital Technology C
    002415 CH
    302,800
    1,133,7852.93
    Kangde Xin Composite Material Group Co
    002450 CH
    394,195
    1,063,9912.75
    Suning Commerce Group Co Ltd
    002024 CH
    603,237
    1,000,0882.58
    East Money Information Co Ltd
    300059 CH
    322,852
    971,5782.51
    Western Securities Co Ltd
    002673 CH
    236,300
    915,6252.36
    Jiangsu Yanghe Brewery Joint-Stock Co L
    002304 CH
    84,538
    887,5052.29
    Wangsu Science & Technology Co Ltd
    300017 CH
    74,789
    767,2511.98
    Wanda Cinema Line Co Ltd
    002739 CH
    68,700
    739,5591.91
    Guosen Securities Co Ltd
    002736 CH
    278,881
    738,8741.91
    Top 10 Total (%)24.15
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.
  • Country Weightings (%) as of 08/31/16

    • Country

      % of Net Assets
    • CHINA

      100.07
    • Other/Cash

      -0.07
  • Sector Weightings (%) as of 08/31/16

    • Sector

      % of Net Assets
    • Information Technology

      34.7
    • Industrials

      15.2
    • Consumer Discretionary

      14.7
    • Health Care

      11.3
    • Materials

      10.7
    • Financials

      7.0
    • Consumer Staples

      4.7
    • Utilities

      0.7
    • Real Estate

      0.6
    • Energy

      0.5
    • Other/Cash

      -0.1