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
Bank of New York Mellon
Index Ticker
CNI6109
Index Rebalancing
Semi-Annually

as of 10/16/19

30-Day SEC Yield¹
0.28%
Total Net Assets
$27.1M
Number of Holdings
100
Options
Available
Gross Expense Ratio²
1.33%
Net Expense Ratio/TER²
0.65%
Distribution Frequency
Annual
Next Distribution Date
12/20/2019

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
1,000,000
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 10/16/19

	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	$27.09 $26.98	8,474 2,690	-$0.12 / -0.44% $-0.07 / -0.27%	+29.15% +28.82%	$-0.11 -0.42%

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

Month End as of 09/30/19
Quarter End as of 09/30/19

	1 MO	3 MO	YTD	1 YR	3 YR	5 YR	10 YR	LIFE 07/23/14
CNXT (NAV)	1.14	2.15	25.93	4.95	-6.89	-2.03	--	1.35
CNXT (Share Price)	0.38	1.59	25.21	3.92	-6.93	-2.26	--	1.21
CNI6109 (Index)	1.21	2.53	27.22	6.30	-4.75	0.55	--	3.89
Performance Differential (NAV - Index)	-0.07	-0.38	-1.29	-1.35	-2.14	-2.58	--	-2.54

	1 MO	3 MO	YTD	1 YR	3 YR	5 YR	10 YR	LIFE 07/23/14
CNXT (NAV)	1.14	2.15	25.93	4.95	-6.89	-2.03	--	1.35
CNXT (Share Price)	0.38	1.59	25.21	3.92	-6.93	-2.26	--	1.21
CNI6109 (Index)	1.21	2.53	27.22	6.30	-4.75	0.55	--	3.89
Performance Differential (NAV - Index)	-0.07	-0.38	-1.29	-1.35	-2.14	-2.58	--	-2.54

*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 09/30/19 Daily Holdings

Total Holdings: 100

Swipe
to view
full data

	Holding Name	Ticker	Shares	Market Value (US$)	% of Net Assets
	Wens Foodstuffs Group Co Ltd	300498 CH	330,800	1,723,180	6.21
	Hangzhou Hikvision Digital Technology C	002415 CH	301,295	1,365,703	4.93
	Luxshare Precision Industry Co Ltd	002475 CH	271,877	1,019,892	3.68
	East Money Information Co Ltd	300059 CH	441,375	914,537	3.30
	Bank Of Ningbo Co Ltd	002142 CH	216,332	764,748	2.76
	Focus Media Information Technology Co L	002027 CH	949,060	697,391	2.52
	Jiangsu Yanghe Brewery Joint-Stock Co L	002304 CH	47,738	696,120	2.51
	Contemporary Amperex Technology Co Ltd	300750 CH	64,400	645,869	2.33
	Iflytek Co Ltd	002230 CH	135,150	603,373	2.18
	Muyuan Foodstuff Co Ltd	002714 CH	57,500	567,505	2.05
Top 10 Total (%)					32.47

These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 09/30/19

Country
% of Net Assets
■
China
99.91
■
Other/Cash
0.09

Sector Weightings (%) as of 09/30/19

Sector
% of Net Assets
■
Information Technology
28.3
■
Health Care
16.6
■
Industrials
13.0
■
Consumer Staples
12.3
■
Financials
10.1
■
Consumer Discretionary
7.9
■
Materials
5.5
■
Communication Services
5.0
■
Real Estate
0.6
■
Utilities
0.5
■
Other/Cash
0.1

Share on Facebook Facebook	Share on StumbleUpon StumbleUpon
Share on LinkedIn LinkedIn	Submit to Reddit reddit
Tweet Twitter	Pin it Pinterest
Share on Google+ Google+	Share on Digg Digg
Post to Tumblr Tumblr	Share on Delicious Delicious

Videos

Related ETFs

How to Purchase

CNXTVanEck Vectors ChinaAMC SME-ChiNext ETF