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VanEck Vectors ChinaAMC CSI 300 ETF

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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 (CNI6109), 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

    State Street Bank and Trust Company

  • Index Ticker

    CNI6109

  • Index Rebalancing

    Semi-Annually

 
as of 02/21/20

  • 30-Day SEC Yield1

    0.10%

  • Total Net Assets

    $34.9M

  • Number of Holdings

    100

  • Options

    Available

  • Gross Expense Ratio2

    1.33%

  • Net Expense Ratio/TER2

    0.65%

  • Distribution Frequency

    Annual

  • Next Distribution Date

    12/18/2020

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

    CNI6109

  • 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

    0.83%

  • Gross Expense Ratio

    1.33%

  • Fee Waivers and
    Expense Reimbursement

    -0.68%

  • Net Expense Ratio/TER2

    0.65%
2Expenses for CNXT are capped contractually at 0.65% until May 1, 2020. Cap excludes acquired fund fees and expenses, trading expenses, taxes and extraordinary expenses.

Prices as of 02/21/20

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 $33.23
$33.19		 40,502
22,927		 $0.53 / +1.61%
$0.69 / +2.12%		 +11.48%
+11.61%
 $-0.04
-0.12%

Premium/Discount History as of 02/20/20

Calendar Year 2018 1Q 2019 2Q 2019 3Q 2019 4Q 2019 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 194 47 10 13 19
CNXT Days closed at NAV 5 0 1 3 1
Days closed at a discount 52 14 52 48 44

Performance History: Average Annual Total Returns* (%)
View All ETFs View All Indices

1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
07/23/14
CNXT (NAV) 2.11 10.34 2.11 39.12 1.68 -0.78 -- 3.99
CNXT (Share Price) -3.16 5.44 -3.16 30.86 -0.28 -1.44 -- 2.95
CNI6109 (Index) 6.05 14.11 6.05 46.34 4.61 2.41 -- 7.15
Performance Differential (NAV - Index) -3.94 -3.77 -3.94 -7.22 -2.93 -3.19 -- -3.16
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
07/23/14
CNXT (NAV) 8.89 13.40 42.80 42.80 0.91 0.96 -- 3.65
CNXT (Share Price) 8.72 13.95 42.68 42.68 1.25 0.77 -- 3.61
CNI6109 (Index) 8.81 13.33 44.18 44.18 2.55 3.41 -- 6.12
Performance Differential (NAV - Index) 0.08 0.07 -1.38 -1.38 -1.64 -2.45 -- -2.47

*Returns less than one year are not annualized.

The table presents past performance which is no guarantee of future results and which may be lower or higher than current performance. As of October 1, 2015, index data for the SME-ChiNext 100 Index (the “Index”) for all periods presented reflect the CNI6109 stream of the Index which is denominated in USD and converted by the index provider using the “offshore” Renminbi (CNH) exchange rate. Returns reflect temporary contractual fee waivers and/or expense reimbursements. Had the ETF incurred all expenses and fees, investment returns would have been reduced. Investment returns and ETF share values will fluctuate so that investors' shares, when redeemed, may be worth more or less than their original cost. ETF returns assume that dividends and capital gains distributions have been reinvested in the Fund at NAV.

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.

Top 10 Holdings (%) as of 01/31/20 Daily Holdings

Total Holdings: 100
Swipe
to view
full data
Holding Name
Ticker
Shares Market Value
(US$) 		% of Net
Assets
LUXSHARE PRECISION INDUSTRY CO LTD
002475 CH
238,177
1,467,536 5.36
WENS FOODSTUFFS GROUP CO LTD
300498 CH
310,500
1,414,556 5.16
HANGZHOU HIKVISION DIGITAL TECHNOLOGY C
002415 CH
265,495
1,314,075 4.80
CONTEMPORARY AMPEREX TECHNOLOGY CO LTD
300750 CH
62,000
1,121,323 4.09
SHENZHEN MINDRAY BIO-MEDICAL ELECTRONIC
300760 CH
30,300
784,509 2.86
EAST MONEY INFORMATION CO LTD
300059 CH
383,575
779,647 2.85
BANK OF NINGBO CO LTD
002142 CH
202,632
761,978 2.78
FOCUS MEDIA INFORMATION TECHNOLOGY CO L
002027 CH
831,460
675,896 2.47
JIANGSU YANGHE BREWERY JOINT-STOCK CO L
002304 CH
41,838
620,112 2.26
MUYUAN FOODSTUFF CO LTD
002714 CH
54,900
618,695 2.26
Top 10 Total (%) 34.89
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 01/31/20

  • Country

    % of Net Assets
  • ■

    China

    110.91
  • ■

    Other/Cash

    -10.91

Sector Weightings (%) as of 01/31/20

  • Sector

    % of Net Assets
  • ■

    Information Technology

    34.7
  • ■

    Health Care

    19.0
  • ■

    Industrials

    14.4
  • ■

    Consumer Staples

    12.1
  • ■

    Financials

    9.9
  • ■

    Communication Services

    7.1
  • ■

    Consumer Discretionary

    7.0
  • ■

    Materials

    5.6
  • ■

    Real Estate

    0.6
  • ■

    Utilities

    0.5
  • ■

    Other/Cash

    -10.9