VanEck China New Economy ETF CNEW

Fund description: CNEW gives investors a portfolio of fundamentally sound companies in China having growth prospects in sectors making up ‘the New Economy’, namely technology, health care, consumer staples and consumer discretionary. CNEW aims to provide investment returns, before fees and other costs, which track the performance of the Index.

Index description: The MarketGrader China New Economy Index aims to select the 120 companies in China with the best growth at a reasonable price (GARP) attributes, which are considered the best drivers of long-term capital appreciation. Companies are selected on the basis of the strength of 24 fundamental indicators across four factor categories: growth, value, profitability and cash flow.

Management style: Replication

Country of domicile: Australia

Exchange
ASX
ASX code
CNEW
Bloomberg index code
MGCNEAUN
Index provider
MarketGrader
NAV¹
$9.67
Units outstanding¹
16,615,998
Net assets¹
$160.6M
Number of holdings¹
120
Inception date²
08-Nov-18
ASX commencement
09-Nov-18

¹As of the close of the previous trading day.
²The date the ETF was seeded prior to quotation on ASX.

as at 19-Jan-22

Dividend frequency
1 each year
Management costs p.a.
0.95%
Investment management team »
Market Announcements
CNEW Fact Sheet
Flyer: Step into tomorrow's prosperity today
CNEW Index Rebalance

The NAV is generally calculated daily after all markets are closed for that day based on the closing price of the securities on the relevant foreign stock exchange. The NAV is then converted to AUD based on the relevant London WM Reuters 4pm exchange rate. This means, due to Australia’s time zone, that the NAV will generally not be updated until around 1pm next business day.

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Key benefits

Step into China's future prosperity today
Access companies at the forefront of China's transformation representing the New Economy

Diversified across companies and sectors
Target New Economy companies within the technology, health care, consumer staples and consumer discretionary sectors

A portfolio of China A-shares comprising fundamentally strong companies
Invests in 120 fundamentally sound and attractively valued companies with growth prospects in China's New Economy

Trading information

ASX code
CNEW
IRESS code
CNEW.AXW
Shares outstanding
16,615,998
ISIN
AU0000028185

Fees and other costs

Management costs p.a.
0.95%

Key risks

An investment in the ETF carries risks associated with: ASX trading time differences, China, financial markets generally, individual company management, industry sectors, foreign currency, sector concentration, political, regulatory and tax risks, fund operations, liquidity and tracking an index. See the PDS for details.

Prices as at 19-Jan-22

	NAV/ Last trade	Volume: 30-day avg/ Previous day	Daily change: NAV/ Last trade	YTD change: NAV/ Last trade	Premium/ Discount	Premium/ Discount Distribution charts	NAV & Premium /Discount History	NAV Chart
CNEW	$9.67 $9.65	53,722 18,024	$-0.06 / -0.64% $-0.12 / -1.23%	-1.27% -0.72%	$-0.02 -0.17%

Performance history (%) View all ETFs View all indices

Month End as at 31-Dec-21
Quarter End as at 31-Dec-21

	1 Mth	3 Mths	6 Mths	1 Yr	3 Yrs p.a.	5 Yrs p.a.	10 Yrs p.a.	ETF Inception p.a.
Price return	-0.61	9.60	3.82	14.66	25.88	--	--	24.61
Income return	0.00	0.00	0.00	1.22	1.50	--	--	1.42
Total return	-0.61	9.60	3.82	15.88	27.38	--	--	26.03
Index (MGCNEAUN)	-0.44	9.97	4.29	17.07	28.82	12.40	19.13	27.46

	1 Mth	3 Mths	6 Mths	1 Yr	3 Yrs p.a.	5 Yrs p.a.	10 Yrs p.a.	ETF Inception p.a.
Price return	-0.61	9.60	3.82	14.66	25.88	--	--	24.61
Income return	0.00	0.00	0.00	1.22	1.50	--	--	1.42
Total return	-0.61	9.60	3.82	15.88	27.38	--	--	26.03
Index (MGCNEAUN)	-0.44	9.97	4.29	17.07	28.82	12.40	19.13	27.46

The tables above show past performance of the ETF from 8 November 2018. Index performance shown prior to 15 June 2017 is simulated based on the current Index methodology. The change of name in the index was to continue the existing methodology when the original index methodology was changed in September 2021. Results are calculated to the last trading day of the month in China and assume immediate reinvestment of distributions. ETF results are net of management fees and costs, but before brokerage fees or bid/ask spreads incurred when investors buy/sell on the ASX. Returns for periods longer than one year are annualised. Past performance is not a reliable indicator of current or future performance which may be lower or higher.

Top ten holdings (%) View all daily holdings » as at 31-Dec-21

No. of holdings: 120

	Holding name	Ticker	No. of securities held	Market value	% of Net assets
	HUBEI JUMPCAN PHARMACEUTICAL CO LTD	600566 CH	326,300	1,998,539	1.23
	THREE'S CO MEDIA GROUP CO LTD	605168 CH	54,400	1,986,806	1.22
	ZBOM HOME COLLECTION CO LTD	603801 CH	286,700	1,884,875	1.16
	XILINMEN FURNITURE CO LTD	603008 CH	220,500	1,859,956	1.14
	ZHEJIANG ORIENT GENE BIOTECH CO LTD	688298 CH	36,275	1,807,066	1.11
	MANGO EXCELLENT MEDIA CO LTD	300413 CH	136,900	1,692,961	1.04
	YIFENG PHARMACY CHAIN CO LTD	603939 CH	135,300	1,611,476	0.99
	OPPEIN HOME GROUP INC	603833 CH	50,100	1,597,075	0.98
	ZHE JIANG LI ZI YUAN FOOD CO LTD	605337 CH	148,200	1,591,843	0.98
	ZHEJIANG ENTIVE SMART KITCHEN APPLIANCE	300911 CH	89,100	1,577,478	0.97
Top ten total (%)					10.82

These are not recommendations to buy or to sell any security.

Sector weightings (%) as at 31-Dec-21

Sector
Weightings (%)
Food, Beverage & Tobacco
18.0
Pharmaceuticals, Biotechnology
17.0
Consumer Durables & Apparel
16.2
Technology Hardware & Equipment
9.4
Health Care Equipment & Services
8.3
Media & Entertainment
7.6
Semiconductors & Semiconductor Equipment
5.8
Materials
3.8
Household & Personal Products
3.1
Food & Staples Retailing
2.8
Capital Goods
1.9
Retailing
1.7
Diversified Financials
0.9
Commercial & Professional Services
0.9
Real Estate
0.9
Consumer Services
0.8
Software & Services
0.8
Other/Cash
0.0
Total
99.9

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