VanEck ChiNext ETF
Name
As of 11/20/2024Price
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
Vitals
YTD Return
21.0%
1 yr return
16.2%
3 Yr Avg Return
-15.6%
5 Yr Avg Return
2.8%
Net Assets
$15 M
Holdings in Top 10
54.5%
52 WEEK LOW AND HIGH
$29.5
$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 11/20/2024Price
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
CNXT - Profile
Distributions
- YTD Total Return 21.0%
- 3 Yr Annualized Total Return -15.6%
- 5 Yr Annualized Total Return 2.8%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio -0.12%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameVanEck ChiNext ETF
-
Fund Family NameVANECKFUND
-
Inception DateJul 23, 2014
-
Shares Outstanding700000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerPeter 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.
CNXT - Performance
Return Ranking - Trailing
| Period | CNXT Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 21.0% | -14.2% | 26.9% | 10.00% |
| 1 Yr | 16.2% | -20.1% | 26.6% | 10.00% |
| 3 Yr | -15.6%* | -21.9% | 4.6% | 73.81% |
| 5 Yr | 2.8%* | -13.6% | 14.6% | 21.74% |
| 10 Yr | 1.1%* | -4.2% | 9.6% | 76.47% |
* 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 | 21.0% | -14.2% | 26.9% | 10.00% |
| 1 Yr | 16.2% | -20.1% | 26.6% | 10.00% |
| 3 Yr | -15.6%* | -21.9% | 4.6% | 73.81% |
| 5 Yr | 2.8%* | -13.6% | 14.6% | 21.74% |
| 10 Yr | 1.1%* | -4.2% | 9.6% | 76.47% |
* 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 | 10.2 M | 477 K | 3.28 B | 66.67% |
| Weighting of Top 10 | 54.47% | 5.6% | 85.4% | 34.38% |
Top 10 Holdings
- Contemporary Amperex Technology Co Ltd 19.71%
- East Money Information Co Ltd 7.79%
- Shenzhen Mindray Bio-Medical Electronics Co Ltd 4.78%
- Sungrow Power Supply Co Ltd 4.36%
- Zhongji Innolight Co Ltd 4.19%
- Shenzhen Inovance Technology Co Ltd 3.72%
- Wens Foodstuff Group Co Ltd 3.38%
- Eoptolink Technology Inc Ltd 2.53%
- Aier Eye Hospital Group Co Ltd 2.11%
- Eve Energy Co Ltd 1.90%
Asset Allocation
| Weighting | Return Low | Return High | CNXT % Rank | |
|---|---|---|---|---|
| Stocks | 100.00% | 51.72% | 100.63% | 3.13% |
| Cash | 0.00% | 0.00% | 33.85% | 98.96% |
| Preferred Stocks | 0.00% | 0.00% | 2.47% | 83.33% |
| Other | 0.00% | -0.02% | 47.32% | 80.21% |
| Convertible Bonds | 0.00% | 0.00% | 0.15% | 83.70% |
| Bonds | 0.00% | 0.00% | 0.00% | 83.33% |
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% | 98.96% |
Dividend Distribution Analysis
| CNXT | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | SemiAnnual | 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 | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 20, 2021 | $0.708 | ReturnOfCapital |
| Dec 20, 2021 | $3.763 | CapitalGainLongTerm |
| Dec 21, 2020 | $0.004 | OrdinaryDividend |
| Dec 23, 2019 | $0.135 | OrdinaryDividend |
| Dec 18, 2017 | $0.065 | OrdinaryDividend |
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 |