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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 05/26/23

  • 30-Day SEC Yield1

    1.87

  • Total Net Assets

    $14.3M

  • Number of Holdings

    202

  • Options

    Available

  • Gross Expense Ratio2

    1.16%

  • Net Expense Ratio/TER2

    0.60%

  • Distribution Frequency

    Annual

  • Next Distribution Date

    12/15/2023
Schedule a Call
How to Buy

Key Documents and Links

GLCN Fact Sheet
Summary Prospectus
Management Team

Fund Highlights

  • 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

    0.66%

  • Gross Expense Ratio

    1.16%

  • Fee Waivers and
    Expense Reimbursement

    -0.56%

  • Net Expense Ratio/TER2

    0.60%

2 Expenses for GLCN are capped contractually at 0.60% until May 1, 2024. 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 05/26/23

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 $23.77
$23.54 		795
524 		$0.04 / +0.16%
$0.04 / +0.16% 		-6.24%
-7.00% 		$-0.23
-0.96% 		0.32%

Premium/Discount History as of 05/26/23

Calendar Year 2022 2Q 2022 3Q 2022 4Q 2022 1Q 2023 Premium/Discount Charts NAV & Prem/Discount History
GLCN Days closed at a premium 5 0 0 4 2
Days closed at NAV 2 1 0 1 0
Days closed at a discount 244 61 64 58 60

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
10/13/10
GLCN (NAV) -4.79 -10.95 0.32 -7.25 -5.61 -5.65 1.42 -0.52
GLCN (Share Price) -4.57 -11.01 0.07 -6.97 -4.94 -5.81 0.84 -0.58
MGCNGRNR (Index) -5.08 -10.68 -0.02 -7.74 -4.72 -3.29 3.50 1.47
Performance Differential (NAV - Index) 0.29 -0.27 0.34 0.49 -0.89 -2.36 -2.08 -1.99
  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
10/13/10
GLCN (NAV) -0.91 5.37 5.37 -11.09 -2.14 -5.73 1.77 -0.13
GLCN (Share Price) -1.23 4.86 4.86 -10.84 -2.18 -5.89 1.10 -0.21
MGCNGRNR (Index) -0.81 5.34 5.34 -11.06 -0.87 -3.21 3.91 1.90
Performance Differential (NAV - Index) -0.10 0.03 0.03 -0.03 -1.27 -2.52 -2.14 -2.03

*Returns less than one year are not annualized.

**Index data prior to May 1, 2020 reflects that of the CSI 300 (CSIH0749). From May 1, 2020 forward, the index data reflects that of the Fund's underlying index, the MarketGrader China All Cap Growth Leaders Index (MGCNGRNR). Index history which includes periods prior to May 1, 2020 links the performance of CSIH0749 and MGCNGRNR and is not intended for third party use.

The performance data quoted represents past performance. Past performance is not a guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted. Please call 800.826.2333 or visit vaneck.com for performance current to the most recent month ended.

The "Net Asset Value" (NAV) of a Fund 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. Investors should not expect to buy or sell shares at NAV.

Top 10 Holdings (%) as of 04/30/23

Daily Holdings
Total Holdings: 202
Holding Name
Ticker
Shares
 Market Value
(US$) 		% of Net
Assets
Petrochina Co Ltd
857 HK
1,394,000
968,290 6.35
Tencent Holdings Ltd
700 HK
17,600
781,699 5.12
Wuliangye Yibin Co Ltd
000858 C2
27,830
680,426 4.46
Luzhou Laojiao Co Ltd
000568 C2
16,028
524,109 3.43
Shenzhen Mindray Bio-Medical Electronic
300760 C2
10,144
457,868 3.00
Chongqing Zhifei Biological Products Co
300122 C2
36,200
426,428 2.79
Wuxi Apptec Co Ltd
603259 CH
42,700
417,872 2.74
Ganfeng Lithium Group Co Ltd
002460 C2
42,400
399,304 2.62
Li Ning Co Ltd
2331 HK
53,500
382,599 2.51
Shanxi Xinghuacun Fen Wine Factory Co L
600809 CH
9,395
337,789 2.21
Top 10 Total (%) 35.23
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These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%)
as of 04/30/23

Country % of Net Assets
● China 96.22
● United Kingdom 3.00
● Denmark 0.46
● Other/Cash 0.32

Sector Weightings (%)
as of 04/30/23

Sector % of Net Assets
● Materials 19.87
● Health Care 17.74
● Consumer Staples 13.33
● Information Technology 13.13
● Energy 12.07
● Industrials 9.21
● Communication Services 7.69
● Consumer Discretionary 5.21
● Real Estate 0.80
● Financials 0.51
● Utilities 0.12
● Other/Cash 0.32

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