VanEck Vectors China New Economy ETF CNEW

Fund description: CNEW gives investors a portfolio of the most fundamentally sound companies in China having the best 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 CSI 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

Exchange
ASX
ASX code
CNEW
Bloomberg index code
CSIN1086
Index provider
China Securities Index Co, Ltd.
NAV¹
$9.24
Units outstanding¹
15,105,020
Net assets¹
$139.6M
Number of holdings¹
119
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 23-Oct-20

Distribution 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 3pm next business day.

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 the most fundamentally strong companies
Invests in 120 fundamentally sound and attractively valued companies with the best growth prospects in China's New Economy

Trading information

ASX code
CNEW
IRESS code
CNEW.AXW
Shares outstanding
15,105,020
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 23-Oct-20

	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	$9.24 $9.73	83,650 105,964	$-0.29 / -3.00% $-0.11 / -1.12%	+37.33% +42.75%	$0.49 +5.28%

Performance history (%) View all ETFs View all indices

Month End as at 30-Sep-20
Quarter End as at 30-Sep-20

	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	-7.72	4.27	17.53	39.49	--	--	--	37.64
Income return	0.00	0.00	1.64	1.94	--	--	--	1.86
Total return	-7.72	4.27	19.17	41.43	--	--	--	39.50
Index (CSIN1086)	-7.66	4.54	20.08	43.44	16.29	10.24	15.18	41.17

	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	-7.72	4.27	17.53	39.49	--	--	--	37.64
Income return	0.00	0.00	1.64	1.94	--	--	--	1.86
Total return	-7.72	4.27	19.17	41.43	--	--	--	39.50
Index (CSIN1086)	-7.66	4.54	20.08	43.44	16.29	10.24	15.18	41.17

The tables above show past performance of the ETF from its Inception Date and of the Index from its Base Date. Index performance shown prior to its Launch Date is simulated based on the current Index methodology. 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 30-Sep-20

No. of holdings: 119

	Holding name	Ticker	No. of securities held	Market value	% of Net assets
	ZHEJIANG MEIDA INDUSTRIAL CO LTD	002677 CH	410,100	1,546,399	1.24
	GUANGDONG BIOLIGHT MEDITECH CO LTD	300246 CH	214,700	1,543,083	1.24
	XIAMEN JIHONG TECHNOLOGY CO LTD	002803 CH	175,300	1,506,978	1.21
	SHENZHEN KINGKEY SMART AGRICULTURE TIME	000048 CH	186,200	1,496,322	1.20
	TIBET RHODIOLA PHARMACEUTICAL HOLDING C	600211 CH	96,300	1,495,367	1.20
	UE FURNITURE CO LTD	603600 CH	443,800	1,467,720	1.18
	ZHANGZHOU PIENTZEHUANG PHARMACEUTICAL C	600436 CH	29,100	1,458,987	1.17
	LENS TECHNOLOGY CO LTD	300433 CH	217,800	1,441,498	1.16
	G-BITS NETWORK TECHNOLOGY XIAMEN CO LTD	603444 CH	11,200	1,437,531	1.15
	JIANGSU ZITIAN MEDIA TECHNOLOGY CO LTD	300280 CH	139,600	1,432,215	1.15
Top ten total (%)					11.90

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

Sector weightings (%) as at 30-Sep-20

Sector
Weightings (%)
Food, Beverage & Tobacco
24.2
Pharmaceuticals, Biotechnology
15.5
Consumer Durables & Apparel
13.5
Technology Hardware & Equipment
12.2
Health Care Equipment & Services
9.8
Automobiles & Components
5.3
Media & Entertainment
4.3
Materials
4.3
Capital Goods
2.5
Semiconductors & Semiconductor Equipment
1.8
Retailing
1.5
Software & Services
1.4
Commercial & Professional Services
1.2
Consumer Services
1.1
Real Estate
0.8
Food & Staples Retailing
0.6
Other/Cash
0.0
Total
100.0

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