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VanEck China Growth Leaders ETF
ETF
GLCN
Payout Change
Pending
Price as of:
$21.0815
-0.09
-0.41%
primary theme
N/A
GLCN (ETF)
VanEck China Growth Leaders ETF
Payout Change
Pending
Price as of:
$21.0815
-0.09
-0.41%
primary theme
N/A
GLCN (ETF)
VanEck China Growth Leaders ETF
Payout Change
Pending
Price as of:
$21.0815
-0.09
-0.41%
primary theme
N/A
Name
As of 09/20/2023Price
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
-13.7%
1 yr return
-12.8%
3 Yr Avg Return
-17.4%
5 Yr Avg Return
-5.6%
Net Assets
$13.4 M
Holdings in Top 10
35.2%
52 WEEK LOW AND HIGH
$21.2
$21.08
$29.37
Expenses
OPERATING FEES
Expense Ratio 1.16%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 56.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 09/20/2023Price
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
GLCN - Profile
Distributions
- YTD Total Return -13.7%
- 3 Yr Annualized Total Return -17.4%
- 5 Yr Annualized Total Return -5.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.32%
- Dividend Yield 3.7%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameVanEck China Growth Leaders ETF
-
Fund Family NameVANECKFUND
-
Inception DateOct 14, 2010
-
Shares Outstanding600000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerPeter Liao
Fund Description
The Fund will normally invest at least 80% of its total assets in securities that comprise the Fund’s benchmark index and/or in investments that have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise its benchmark index.
The China Index is comprised of Chinese equity securities which are generally considered by MarketGrader.com Corp. (the “Index provider”) to exhibit favorable fundamental characteristics according to the Index provider’s proprietary scoring methodology. For
each company eligible for the China Index, the Index provider creates a numerical score based on indicators measuring four fundamental characteristics, derived from public company filings and stock prices. The four fundamental characteristics are growth, value, profitability and cash flow. The resulting score is a weighted average of these indicators. To be initially eligible for inclusion in the China Index, companies must be domiciled in China and listed on an eligible stock exchange, as determined by the Index provider. From this universe of companies, the top-ranked names according to the Index provider’s proprietary score are included, and then weighted according to their free-float market capitalization.
As of December 31, 2022, the China Index included 200 securities of companies with a market capitalization range of between approximately $0.2 billion and $470 billion and a weighted average market capitalization of $53.5 billion. These amounts are subject to change. 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 China Index by investing in a portfolio of securities that generally replicates the China Index. Unlike many investment companies that try to “beat” the performance of a benchmark index, the Fund does not try to “beat” the China Index and does not seek temporary defensive positions that are inconsistent with its investment objective of seeking to replicate the China Index.
The Fund will seek to achieve its investment objective by primarily investing directly in A-shares and shares of companies domiciled in China and listed on Chinese or eligible offshore exchanges. 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”), and through licenses obtained under the Renminbi Qualified Foreign Institutional Investor (“RQFII”) or Qualified Foreign Institutional Investor (“QFII”) programs. After obtaining a RQFII or QFII license, the RQFII or QFII would register itself with China’s State Administration of Foreign Exchange (“SAFE”). Because the Fund does not satisfy the criteria to qualify as a RQFII or QFII itself, the Fund intends to invest directly in A-shares via Stock Connect, as described below, or via the license granted to the Fund’s sub-adviser, China Asset Management (Hong Kong) Limited (the “Sub-Adviser”), by CSRC (“RQFII license”). The Sub-Adviser has obtained RQFII status, which the Sub-Adviser will use to invest in A-shares on behalf of the Fund. The Fund may also invest in A-shares listed and traded on the Shanghai and Shenzhen Stock Exchanges through Stock Connect. 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”) 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 which does not belong to the Fund 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 also invest a portion of its assets in swaps, futures contracts and other types of derivative instruments that have economic characteristics that are substantially identical to the economic characteristics of A-shares and shares of Chinese companies, including swaps on the China Index, swaps on the A-shares and shares of Chinese companies which comprise the China Index and/or swaps on funds that seek to replicate the performance of the China Index or funds that invest in A-shares and shares of Chinese companies or the Fund may invest directly in shares of such funds. The notional values of these swaps, futures contracts and other derivative instruments will count towards the Fund’s 80% investment policy and cash and cash equivalents related to the swaps, futures contracts and other derivative instruments will not be counted towards the calculation of total assets. The Fund may also invest in exchange-traded funds (“ETFs”), including ETFs listed on a Hong Kong or other foreign exchange.
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 China 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 China 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 China Index.
The Fund may concentrate its investments in a particular industry or group of industries to the extent that the China Index concentrates in an industry or group of industries. As of December 31, 2022, each of the consumer staples, basic materials, health care and information technology sectors represented a significant portion of the Fund.
GLCN - Performance
Return Ranking - Trailing
| Period | GLCN Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -13.7% | -23.4% | 12.8% | 49.58% |
| 1 Yr | -12.8% | -33.2% | -0.2% | 95.80% |
| 3 Yr | -17.4%* | -31.9% | 17.5% | 79.44% |
| 5 Yr | -5.6%* | -22.1% | 7.6% | 88.37% |
| 10 Yr | -0.7%* | -14.3% | 5.6% | 85.25% |
* Annualized
Return Ranking - Calendar
| Period | GLCN Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | -32.9% | -41.6% | 20.8% | 88.39% |
| 2024 | -18.7% | -52.5% | 39.8% | 55.05% |
| 2023 | 10.9% | -21.7% | 138.5% | 82.11% |
| 2022 | 32.9% | -1.9% | 47.0% | 25.81% |
| 2021 | -34.7% | -50.4% | -5.1% | 87.34% |
Total Return Ranking - Trailing
| Period | GLCN Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -13.7% | -23.0% | 13.2% | 49.58% |
| 1 Yr | -12.8% | -27.7% | 4.5% | 95.80% |
| 3 Yr | -17.4%* | -28.8% | 22.0% | 79.44% |
| 5 Yr | -5.6%* | -10.2% | 10.2% | 88.37% |
| 10 Yr | -0.7%* | -2.5% | 10.0% | 85.25% |
* Annualized
Total Return Ranking - Calendar
| Period | GLCN Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | -31.3% | -40.4% | 25.8% | 90.18% |
| 2024 | -14.3% | -48.9% | 42.7% | 66.97% |
| 2023 | 25.7% | -18.5% | 138.5% | 70.53% |
| 2022 | 34.9% | 4.2% | 52.1% | 26.88% |
| 2021 | -29.0% | -39.5% | -1.7% | 92.41% |
GLCN - Holdings
Concentration Analysis
| GLCN | Category Low | Category High | GLCN % Rank | |
|---|---|---|---|---|
| Net Assets | 13.4 M | 2.07 M | 8.43 B | 73.11% |
| Number of Holdings | 202 | 21 | 961 | 9.48% |
| Net Assets in Top 10 | 4.89 M | 706 K | 4.22 B | 74.14% |
| Weighting of Top 10 | 35.24% | 6.6% | 81.8% | 81.90% |
Top 10 Holdings
- PetroChina Co Ltd 6.98%
- Tencent Holdings Ltd 5.38%
- Wuliangye Yibin Co Ltd 4.61%
- Luzhou Laojiao Co Ltd 3.42%
- Shenzhen Mindray Bio-Medical Electronics Co Ltd 3.08%
- WuXi AppTec Co Ltd 2.70%
- Ganfeng Lithium Group Co Ltd 2.63%
- Chongqing Zhifei Biological Products Co Ltd 2.43%
- Li Ning Co Ltd 2.08%
- Tongwei Co Ltd 1.93%
Asset Allocation
| Weighting | Return Low | Return High | GLCN % Rank | |
|---|---|---|---|---|
| Stocks | 99.28% | 0.00% | 102.18% | 35.90% |
| Cash | 0.72% | -2.18% | 11.89% | 75.86% |
| Preferred Stocks | 0.00% | 0.00% | 0.00% | 21.55% |
| Other | 0.00% | 0.00% | 47.32% | 22.41% |
| Convertible Bonds | 0.00% | 0.00% | 0.15% | 21.74% |
| Bonds | 0.00% | 0.00% | 69.90% | 17.09% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | GLCN % Rank | |
|---|---|---|---|---|
| Technology | 19.32% | 0.00% | 93.53% | 17.39% |
| Basic Materials | 17.13% | 0.00% | 92.11% | 7.83% |
| Consumer Defense | 15.33% | 0.00% | 97.46% | 15.65% |
| Communication Services | 12.48% | 0.00% | 91.25% | 37.39% |
| Healthcare | 11.01% | 0.00% | 100.00% | 20.00% |
| Consumer Cyclical | 10.30% | 0.00% | 95.37% | 73.04% |
| Industrials | 9.40% | 0.00% | 96.93% | 50.43% |
| Real Estate | 2.83% | 0.00% | 99.07% | 40.00% |
| Energy | 1.10% | 0.00% | 90.86% | 31.30% |
| Financial Services | 1.00% | 0.00% | 99.75% | 83.48% |
| Utilities | 0.09% | 0.00% | 89.15% | 44.35% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | GLCN % Rank | |
|---|---|---|---|---|
| Non US | 98.74% | 51.72% | 100.37% | 12.93% |
| US | 0.54% | -0.04% | 15.12% | 68.10% |
GLCN - Expenses
Operational Fees
| GLCN Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.16% | 0.09% | 20.92% | 59.48% |
| Management Fee | 0.50% | 0.09% | 1.50% | 5.88% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.06% | 0.25% | N/A |
Sales Fees
| GLCN 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
| GLCN 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.
| GLCN Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 56.00% | 4.00% | 278.00% | 57.78% |
GLCN - Distributions
Dividend Yield Analysis
| GLCN | Category Low | Category High | GLCN % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.67% | 0.00% | 24.92% | 5.88% |
Dividend Distribution Analysis
| GLCN | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annually | Monthly | Annually |
Net Income Ratio Analysis
| GLCN | Category Low | Category High | GLCN % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.32% | -1.76% | 4.74% | 8.70% |
Capital Gain Distribution Analysis
| GLCN | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 13, 2023 | $0.773 | ExtraDividend |
| Dec 23, 2022 | $0.555 | OrdinaryDividend |
| Dec 30, 2019 | $0.616 | OrdinaryDividend |
| Dec 27, 2018 | $0.309 | OrdinaryDividend |
| Dec 22, 2017 | $0.524 | OrdinaryDividend |
| Dec 23, 2016 | $0.168 | OrdinaryDividend |
| Dec 28, 2015 | $0.521 | OrdinaryDividend |
| Dec 30, 2013 | $0.698 | OrdinaryDividend |
| Dec 30, 2010 | $1.100 | OrdinaryDividend |
GLCN - Fund Manager Analysis
Managers
Peter Liao
Start Date
Tenure
Tenure Rank
Oct 13, 2010
11.64
11.6%
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 | 28.32 | 3.87 | 3.22 |
