CNXTVanEck ChiNext ETF
Fund Description
VanEck ChiNext ETF (CNXT®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the ChiNext Index (SZ988107), which tracks the performance of the 100 largest and most liquid stocks listed and trading on the ChiNext Market of the Shenzhen Stock Exchange. The ChiNext Index is comprised of China A-shares (“A-shares”).
-
Fund Ticker
CNXT -
Exchange
NYSE Arca -
Inception Date
07/23/2014 -
ETF Structure
Physical -
Administrator
Van Eck Associates -
Index Ticker
SZ988107 -
Index Rebalancing
Semi-Annually
as of 03/27/23
-
30-Day SEC Yield1
-0.14% -
Total Net Assets
$28.8M -
Number of Holdings
99 -
Options
Available -
Gross Expense Ratio2
0.89% -
Net Expense Ratio/TER2
0.65% -
Distribution Frequency
Annual -
Next Distribution Date
12/15/2023
Key Documents and Links
Fund Highlights
- Innovative and entrepreneurial Chinese companies
Tracks the largest 100 names on the ChiNext Market
- Strategic Sector Focus
High exposure to sectors such as information technology, new materials and healthcare, with low exposure to state owned enterprises
- 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
SZ988107 -
NAV
CNXTNV -
Intraday NAV (IIV)4
CNXTIV -
Shares Outstanding
900,000 -
Estimated Cash
CNXTEU -
Total Cash
CNXTTCA -
CUSIP
92189F627 -
ISIN
US92189F6271
Fees and Expenses2
-
Management Fee
0.50% -
Other Expenses
0.39% -
Gross Expense Ratio
0.89% -
Fee Waivers and
-0.24%
Expense Reimbursement -
Net Expense Ratio/TER2
0.65%
2 Expenses for CNXT are capped contractually at 0.65% until May 1, 2023. Cap excludes acquired fund fees and expenses, trading expenses, taxes and extraordinary expenses.
Investment Professionals
Peter Liao, CFA
- 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
Griffin Driscoll
- Analyst for Equity ETFs
- Joined VanEck in 2018
- Prior to joining VanEck, ETF Basket Operations Analyst at JPMorgan
- BS, Finance, Providence College
Ralph Lasta
- Analyst for Equity ETFs
- Joined VanEck in 2019
- Prior to VanEck, Intermediate Representative, Exchange Traded Funds at BNY Mellon.
- BS, Accounting, Hunter College
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) | -9.30 | 3.83 | 2.88 | -24.62 | 3.06 | 0.27 | -- | 4.28 |
CNXT (Share Price) | -9.29 | 3.51 | 2.95 | -23.76 | 3.79 | 0.25 | -- | 4.27 |
SZ988107 (Index) | -8.57 | 6.50 | 3.66 | -23.12 | 4.64 | 1.97 | 6.40 | 6.66 |
Performance Differential (NAV - Index) | -0.73 | -2.67 | -0.78 | -1.50 | -1.58 | -1.70 | -- | -2.38 |
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR |
LIFE 07/23/14 |
|
---|---|---|---|---|---|---|---|---|
CNXT (NAV) | 0.92 | 5.66 | -35.49 | -35.49 | 4.66 | -0.27 | -- | 4.01 |
CNXT (Share Price) | 0.54 | 5.37 | -35.59 | -35.59 | 4.69 | -0.19 | -- | 3.99 |
SZ988107 (Index) | 2.75 | 4.39 | -35.09 | -35.09 | 6.74 | 1.73 | 7.09 | 6.34 |
Performance Differential (NAV - Index) | -1.83 | 1.27 | -0.40 | -0.40 | -2.08 | -2.00 | -- | -2.33 |
Top 10 Holdings (%) as of 02/28/23
Daily HoldingsHolding Name |
Ticker
|
Shares
|
Market Value (US$) |
% of Net Assets |
---|---|---|---|---|
Contemporary Amperex Technology Co Ltd |
300750 CH
|
58,400
|
3,382,703 | 16.18 |
East Money Information Co Ltd |
300059 CH
|
475,620
|
1,427,686 | 6.83 |
Shenzhen Mindray Bio-Medical Electronic |
300760 CH
|
21,200
|
956,198 | 4.57 |
Shenzhen Inovance Technology Co Ltd |
300124 CH
|
84,185
|
886,632 | 4.24 |
Sungrow Power Supply Co Ltd |
300274 CH
|
45,800
|
786,136 | 3.76 |
Wens Foodstuffs Group Co Ltd |
300498 CH
|
243,860
|
693,442 | 3.32 |
Aier Eye Hospital Group Co Ltd |
300015 CH
|
137,362
|
616,522 | 2.95 |
Eve Energy Co Ltd |
300014 CH
|
57,096
|
595,867 | 2.85 |
Chongqing Zhifei Biological Products Co |
300122 CH
|
34,769
|
447,948 | 2.14 |
Walvax Biotechnology Co Ltd |
300142 CH
|
74,200
|
407,744 | 1.95 |
Top 10 Total (%) | 48.78 |
Country Weightings (%)
as of 02/28/23
Country | % of Net Assets |
---|---|
● China | 98.90 |
● United States | 0.98 |
● Other/Cash | 0.13 |
Sector Weightings (%)
as of 02/28/23
Sector | % of Net Assets |
---|---|
● Industrials | 36.57 |
● Health Care | 24.28 |
● Information Technology | 15.48 |
● Materials | 7.79 |
● Financials | 7.58 |
● Consumer Staples | 5.40 |
● Communication Services | 1.43 |
● Consumer Discretionary | 1.35 |
● Other/Cash | 0.13 |