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CNXT
VanEck 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 07/01/22

  • 30-Day SEC Yield1

    -0.20%
  • Total Net Assets

    $25.2M
  • Number of Holdings

    99
  • Options

    Available
  • Gross Expense Ratio2

    0.89%
  • Net Expense Ratio/TER2

    0.65%
  • Distribution Frequency

    Annual
  • Next Distribution Date

    12/16/2022

Morningstar™ Ratings3
as of 05/31/2022

Category Overall 3 Year 5 Year
China Region
3 stars of 91 funds
4 stars of 91 funds
3 stars of 72 funds

Key Points

  • 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

    650,000
  • Estimated Cash

    CNXTEU
  • Total Cash

    CNXTTCA
  • CUSIP

    92189F627
  • ISIN

    US92189F6271
Source: Bloomberg

Fees and Expenses2

  • Management Fee

    0.50%
  • Other Expenses

    0.39%
  • Gross Expense Ratio

    0.89%
  • Fee Waivers and
    Expense Reimbursement

    -0.24%
  • Net Expense Ratio/TER2

    0.65%

2Expenses 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

  • 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 07/01/22

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
CNXT $38.83
$38.82
10,815
2,958
$-0.18 / -0.45%
$-0.48 / -1.23%
-19.89%
-19.91%
$-0.01
-0.03%
0.20%

Premium/Discount History as of 07/01/22

Calendar Year 2021 3Q 2021 4Q 2021 1Q 2022 2Q 2022 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 88 3 8 4 15
CNXT Days closed at NAV 5 1 2 1 0
Days closed at a discount 159 60 54 57 47

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) 4.03 -22.02 -31.34 -29.74 14.11 4.45 -- 5.15
CNXT (Share Price) 4.61 -21.22 -31.48 -30.31 14.14 4.36 -- 5.12
SZ988107 (Index) 3.26 -20.79 -30.68 -30.55 16.50 6.77 7.10 7.73
Performance Differential (NAV - Index) 0.77 -1.23 -0.66 0.81 -2.39 -2.32 -- -2.58
  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
07/23/14
CNXT (NAV) -9.53 -20.34 -20.34 -5.70 13.33 7.09 -- 7.32
CNXT (Share Price) -8.92 -20.78 -20.78 -6.83 13.28 7.04 -- 7.24
SZ988107 (Index) -8.24 -19.69 -19.69 -4.82 15.81 9.49 9.39 9.98
Performance Differential (NAV - Index) -1.29 -0.65 -0.65 -0.88 -2.48 -2.40 -- -2.66

Top 10 Holdings (%) as of 05/31/22 Daily Holdings

Total Holdings: 99
Swipe
to view
full data
Holding Name
Ticker
Shares
Market Value
(US$)
% of Net
Assets
Contemporary Amperex Technology Co Ltd
300750 CH
63,800
3,882,261 16.66
East Money Information Co Ltd
300059 CH
571,820
1,931,101 8.29
Shenzhen Mindray Bio-Medical Electronic
300760 CH
23,100
1,042,512 4.47
Shenzhen Inovance Technology Co Ltd
300124 CH
95,485
872,040 3.74
Eve Energy Co Ltd
300014 CH
68,696
823,385 3.53
Wens Foodstuffs Group Co Ltd
300498 CH
264,460
714,858 3.07
Aier Eye Hospital Group Co Ltd
300015 CH
126,611
701,730 3.01
Sungrow Power Supply Co Ltd
300274 CH
53,400
637,493 2.74
Walvax Biotechnology Co Ltd
300142 CH
87,900
610,838 2.62
Chongqing Zhifei Biological Products Co
300122 CH
40,269
526,073 2.26
Top 10 Total (%) 50.40
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 05/31/22

  • Country

    % of Net Assets
  • China

    98.96
  • United States

    1.02
  • Other/Cash

    0.02

Sector Weightings (%) as of 05/31/22

  • Sector

    % of Net Assets
  • Industrials

    34.3
  • Health Care

    25.6
  • Information Technology

    16.6
  • Financials

    8.9
  • Materials

    6.5
  • Consumer Staples

    5.2
  • Communication Services

    1.9
  • Consumer Discretionary

    0.9
  • Other/Cash

    0.0