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Name

As of 11/04/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

VanEck ChiNext ETF

CNXT | ETF

$29.10

$15 M

0.00%

1.89%

Vitals

YTD Return

14.7%

1 yr return

12.2%

3 Yr Avg Return

-16.9%

5 Yr Avg Return

1.9%

Net Assets

$15 M

Holdings in Top 10

52.8%

52 WEEK LOW AND HIGH

$28.1
$19.69
$44.09

Expenses

OPERATING FEES

Expense Ratio 1.89%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 59.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/04/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

VanEck ChiNext ETF

CNXT | ETF

$29.10

$15 M

0.00%

1.89%

CNXT - Profile

Distributions

  • YTD Total Return 14.7%
  • 3 Yr Annualized Total Return -16.9%
  • 5 Yr Annualized Total Return 1.9%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -0.12%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    VanEck ChiNext ETF
  • Fund Family Name
    VANECKFUND
  • Inception Date
    Jul 23, 2014
  • Shares Outstanding
    700000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Peter Liao

Fund Description

The Fund normally invests at least 80% of its total assets in securities that comprise the Fund’s benchmark index. The ChiNext Index is a free-float adjusted index intended to track the performance of the 100 largest and most liquid stocks listed and trading on the ChiNext Market of the Shenzhen Stock Exchange (the “ChiNext Market”). The ChiNext Index is comprised of China A-shares (“A-shares”).
As of December 31, 2023, the ChiNext Index included 100 securities of companies with a market capitalization range of between approximately $1.75 billion and $101.24 billion and a weighted average market capitalization of $26.63 billion. The ChiNext Index
may include securities of medium capitalization companies. The Fund’s 80% investment policy is non-fundamental and may be changed without shareholder approval upon 60 days’ prior written notice to shareholders.
The Fund, using a “passive” or indexing investment approach, attempts to approximate the investment performance of the ChiNext Index by investing in a portfolio of securities that generally replicates the ChiNext Index. Unlike many investment companies that try to “beat” the performance of a benchmark index, the Fund does not try to “beat” the ChiNext Index and does not seek temporary defensive positions that are inconsistent with its investment objective of seeking to replicate the ChiNext Index.
The Fund will seek to achieve its investment objective by primarily investing directly in A-shares. A-shares are issued by companies incorporated in the People’s Republic of China (“China” or the “PRC”). A-shares are traded in renminbi (“RMB”) on the Shenzhen or Shanghai Stock Exchanges. The A-share market in China is made available to domestic PRC investors and foreign investors through the Shanghai-Hong Kong Stock Connect Program and the Shenzhen-Hong Kong Stock Connect Program (together, “Stock Connect”). The Fund intends to invest directly in A-shares via Stock Connect, as described below. Stock Connect is a securities trading and clearing program between the Shanghai and Shenzhen Stock Exchanges, the Stock Exchange of Hong Kong Limited, China Securities Depository and Clearing Corporation Limited (“CSDCC”) and Hong Kong Securities Clearing Company Limited (“HKSCC”), Stock Connect is designed to permit mutual stock market access between mainland China and Hong Kong by allowing investors to trade and settle shares on each market via their local exchanges. Other exchanges in China may participate in Stock Connect in the future. Purchases of A-shares through Stock Connect are subject to a daily quota at the market-level and can only be utilized on a first-come-first-serve basis. Once the daily quota is exceeded, buy orders will be rejected. Accordingly, the Fund's investments in A-shares via Stock Connect will be subject to the abovementioned daily quota limits on daily net purchases.
The Fund may become non-diversified as defined under the Investment Company Act of 1940, as amended, (the “Investment Company Act of 1940”), solely as a result of a change in relative market capitalization or index weighting of one or more constituents of the ChiNext Index. This means that the Fund may invest a greater percentage of its assets in a limited number of issuers than would be the case if the Fund were always managed as a diversified management investment company. The Fund intends to be diversified in approximately the same proportion as the ChiNext Index. Shareholder approval will not be sought when the Fund crosses from diversified to non-diversified status due solely to a change in the relative market capitalization or index weighting of one or more constituents of the Fund.
The Fund may concentrate its investments in a particular industry or group of industries to the extent that the ChiNext Index concentrates in an industry or group of industries. As of December 31, 2023, each of the industrials, health care and information technology sectors represented a significant portion of the Fund.
Read More

CNXT - Performance

Return Ranking - Trailing

Period CNXT Return Category Return Low Category Return High Rank in Category (%)
YTD 14.7% -13.3% 32.3% 40.22%
1 Yr 12.2% -17.9% 35.6% 33.70%
3 Yr -16.9%* -21.6% 6.4% 89.53%
5 Yr 1.9%* -12.8% 15.2% 24.64%
10 Yr 0.7%* -4.2% 9.7% 82.35%

* Annualized

Return Ranking - Calendar

Period CNXT Return Category Return Low Category Return High Rank in Category (%)
2023 -21.5% -26.6% 26.3% 78.13%
2022 -35.6% -41.6% -9.4% 93.33%
2021 -0.2% -52.5% 26.5% 16.09%
2020 63.3% 1.3% 138.5% 5.33%
2019 42.0% -1.9% 42.6% 2.74%

Total Return Ranking - Trailing

Period CNXT Return Category Return Low Category Return High Rank in Category (%)
YTD 14.7% -13.3% 32.3% 40.22%
1 Yr 12.2% -17.9% 35.6% 33.70%
3 Yr -16.9%* -21.6% 6.4% 89.53%
5 Yr 1.9%* -12.8% 15.2% 24.64%
10 Yr 0.7%* -4.2% 9.7% 82.35%

* Annualized

Total Return Ranking - Calendar

Period CNXT Return Category Return Low Category Return High Rank in Category (%)
2023 -21.5% -25.7% 30.1% 83.33%
2022 -35.6% -40.4% -6.8% 95.56%
2021 9.0% -48.9% 29.5% 4.60%
2020 63.3% 2.0% 138.5% 8.00%
2019 42.7% 7.8% 44.4% 5.48%

CNXT - Holdings

Concentration Analysis

CNXT Category Low Category High CNXT % Rank
Net Assets 15 M 1.06 M 5.63 B 80.21%
Number of Holdings 98 27 1176 14.58%
Net Assets in Top 10 7.37 M 477 K 3.28 B 72.92%
Weighting of Top 10 52.77% 5.6% 85.4% 36.46%

Top 10 Holdings

  1. Contemporary Amperex Technology Co Ltd 18.46%
  2. Shenzhen Mindray Bio-Medical Electronics Co Ltd 6.16%
  3. East Money Information Co Ltd 5.26%
  4. Zhongji Innolight Co Ltd 4.72%
  5. Wens Foodstuffs Group Co Ltd 4.29%
  6. Shenzhen Inovance Technology Co Ltd 3.95%
  7. Sungrow Power Supply Co Ltd 3.53%
  8. Eoptolink Technology Inc Ltd 2.61%
  9. Eve Energy Co Ltd 2.01%
  10. Aier Eye Hospital Group Co Ltd 1.78%

Asset Allocation

Weighting Return Low Return High CNXT % Rank
Stocks 		99.86% 51.72% 100.63% 6.25%
Cash 		0.14% 0.00% 33.85% 95.83%
Preferred Stocks 		0.00% 0.00% 2.47% 96.88%
Other 		0.00% -0.02% 47.32% 90.63%
Convertible Bonds 		0.00% 0.00% 0.15% 96.74%
Bonds 		0.00% 0.00% 0.00% 96.88%

CNXT - Expenses

Operational Fees

CNXT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.89% 0.09% 14.63% 31.25%
Management Fee 0.50% 0.09% 1.50% 7.29%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.06% 0.25% N/A

Sales Fees

CNXT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

CNXT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

CNXT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 59.00% 4.00% 241.00% 58.23%

CNXT - Distributions

Dividend Yield Analysis

CNXT Category Low Category High CNXT % Rank
Dividend Yield 0.00% 0.00% 8.89% 100.00%

Dividend Distribution Analysis

CNXT Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Annual Annual

Net Income Ratio Analysis

CNXT Category Low Category High CNXT % Rank
Net Income Ratio -0.12% -1.76% 3.66% 55.43%

Capital Gain Distribution Analysis

CNXT Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

CNXT - Fund Manager Analysis

Managers

Peter Liao

Start Date

Tenure

Tenure Rank

Jul 23, 2014

7.86

7.9%

Mr. Liao has been employed by Van Eck Associates Corporation as an analyst since the summer of 2004 and has been a portfolio manager since 2006. Mr. Liao graduated from New York University in 2004 with a Bachelor of Arts in Economics and Mathematics. He is a CFA charterholder.

Guo Hua (Jason) Jin

Start Date

Tenure

Tenure Rank

Mar 12, 2018

4.22

4.2%

Guo Hua (Jason) Jin has been employed by Van Eck Associates Corporation as an analyst since January 2007 and has been a portfolio manager since 2018. Mr. Jin graduated from the State University of New York at Buffalo in 2004 with a Bachelor of Science degree in Business Administration with a concentration in Financial Analysis.

Max Lan

Start Date

Tenure

Tenure Rank

Mar 31, 2020

2.17

2.2%

Max Lan joined the China Asset Management (Hong Kong) Limited as a Portfolio Manager in April 2016. Prior to joining the China Asset Management (Hong Kong) Limited , Mr. Lan worked as a portfolio manager at Hang Seng Investment Management Limited from November 2006 to April 2016.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 24.1 3.67 3.22

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