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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 ChiNext Board of the Shenzhen Stock Exchange and originally listed on the Small and Medium Enterprise (“SME”) Board of the Shenzhen Stock Exchange and trading on the Main Board of the Shenzhen.

 
 

  • Fund Ticker

    CNXT
  • Exchange

    NYSE Arca
  • ETF Structure

    Physical
  • Administrator

    Van Eck Associates
  • Custodian

    State Street Bank and Trust Company
  • Index Ticker

    CNI6109
  • Index Rebalancing

    Semi-Annually

 
as of 09/24/21

  • 30-Day SEC Yield1

    -0.12%
  • Total Net Assets

    $42.8M
  • Number of Holdings

    97
  • Options

    Available
  • Gross Expense Ratio2

    1.15%
  • Net Expense Ratio/TER2

    0.65%
  • Distribution Frequency

    Annual

Morningstar™ Ratings3
as of 08/31/2021

Category Overall 3 Year 5 Year
China Region
3 stars of 87 funds
5 stars of 87 funds
2 stars of 72 funds

Key Points

  • Consumer-Driven, "New Economy" Sector Focus
    New Economy sectors such as information technology, consumer discretionary, consumer staples and health care, are well-represented in the Fund's underlying index.

  • 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.

  • Historically High ROE May Support Growth Potential 
    The underlying index has historically had a higher average Return on Equity (ROE) compared to China A-share small-cap benchmarks.

Trading Information

  • Fund Ticker

    CNXT
  • Index Total Return Ticker

    CNI6109
  • NAV

    CNXTNV
  • Intraday NAV (IIV)4

    CNXTIV
  • Shares Outstanding

    850,000
  • Estimated Cash

    CNXTEU
  • Total Cash

    CNXTTCA
  • CUSIP

    92189F627
  • ISIN

    US92189F6271
Source: Bloomberg

Fees and Expenses2

  • Management Fee

    0.50%
  • Other Expenses

    0.65%
  • Gross Expense Ratio

    1.15%
  • Fee Waivers and
    Expense Reimbursement

    -0.50%
  • Net Expense Ratio/TER2

    0.65%
2Expenses for CNXT are capped contractually at 0.65% until May 1, 2022. 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
  • Portfolio Manager and Analyst for Equity ETFs
  • Joined VanEck in 2007
  • Prior to his current role, held a portfolio administration position at VanEck
  • Previously, Portfolio Analyst at Evaluation Associates
  • BS, Business Administration (concentration in Financial Analysis), State University of New York at Buffalo
  • 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 09/24/21

NAV/
Market 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
30-Day
Median
Bid Ask
Spread
NAV
Chart
CNXT $50.40
$50.10
9,499
9,170
-$0.08 / -0.16%
$0.04 / +0.08%
+2.97%
+3.18%
$-0.30
-0.60%
0.14%

Premium/Discount History as of 09/24/21

Calendar Year 2020 3Q 2020 4Q 2020 1Q 2021 2Q 2021 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 87 25 5 32 45
CNXT Days closed at NAV 5 1 0 1 1
Days closed at a discount 161 38 59 28 17


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) -3.75 -2.14 3.49 19.10 25.58 8.64 -- 10.75
CNXT (Share Price) -4.57 -3.84 3.13 19.22 25.36 8.54 -- 10.57
CNI6109 (Index) -3.81 -4.01 4.55 20.36 28.56 11.27 30.67 13.63
Performance Differential (NAV - Index) 0.06 1.87 -1.06 -1.26 -2.98 -2.63 -- -2.88
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
07/23/14
CNXT (NAV) 5.05 21.54 11.09 51.02 23.14 10.08 -- 12.17
CNXT (Share Price) 4.13 20.40 11.68 52.00 22.90 10.16 -- 12.12
CNI6109 (Index) 3.56 22.52 12.80 54.07 26.12 12.97 31.56 15.24
Performance Differential (NAV - Index) 1.49 -0.98 -1.71 -3.05 -2.98 -2.89 -- -3.07

Top 10 Holdings (%) as of 08/31/21 Daily Holdings

Total Holdings: 97
Swipe
to view
full data
Holding Name
Ticker
Shares Market Value
(US$)
% of Net
Assets
CONTEMPORARY AMPEREX TECHNOLOGY CO LTD
300750 CH
57,300
4,403,626 10.23
EAST MONEY INFORMATION CO LTD
300059 CH
410,017
1,967,528 4.57
BYD CO LTD
002594 CH
41,622
1,792,680 4.16
GANFENG LITHIUM CO LTD
002460 CH
41,200
1,406,443 3.27
SUNGROW POWER SUPPLY CO LTD
300274 CH
49,400
1,203,570 2.80
LUXSHARE PRECISION INDUSTRY CO LTD
002475 CH
229,382
1,202,171 2.79
SHENZHEN MINDRAY BIO-MEDICAL ELECTRONIC
300760 CH
21,800
1,110,799 2.58
YUNNAN ENERGY NEW MATERIAL CO LTD
002812 CH
23,000
1,006,905 2.34
CHONGQING ZHIFEI BIOLOGICAL PRODUCTS CO
300122 CH
36,469
1,000,253 2.32
WALVAX BIOTECHNOLOGY CO LTD
300142 CH
79,500
956,627 2.22
Top 10 Total (%) 37.28
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 08/31/21

  • Country

    % of Net Assets
  • China

    100.17
  • Other/Cash

    -0.17

Sector Weightings (%) as of 08/31/21

  • Sector

    % of Net Assets
  • Information Technology

    24.8
  • Industrials

    22.1
  • Health Care

    18.6
  • Materials

    9.3
  • Financials

    8.5
  • Consumer Staples

    7.9
  • Consumer Discretionary

    5.7
  • Communication Services

    3.4
  • Other/Cash

    -0.2