# Market Vectors Chinese Renminbi/USD ETN (CNY): ETN Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/cny for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: — · Asset class: Equity - Strategy: Passive Index · Inception: 2008-01-01 The investment seeks to replicate, net of expenses, the S&P Chinese Renminbi Total Return Index. The index tracks the value of the Chinese RMB relative to the U.S. dollar. It follows the value of non-deliverable, three-month currency forward contracts that are rolled at three-month intervals and includes daily accrued interest. ## Key Facts | Metric | Value | |---|---| | Price | $44.25 | | Expense Ratio | 0.55% | | Assets Under Management | $7.5M | | NAV | $43.48 | | Holdings Count | 0 | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | — | | 52-Week Range | $40.00 – $45.00 | | Beta | -10.44 | ## Frequently Asked Questions ### What does CNY invest in? The investment seeks to replicate, net of expenses, the S&P Chinese Renminbi Total Return Index. The index tracks the value of the Chinese RMB relative to the U.S. dollar. It follows the value of non-deliverable, three-month currency forward contracts that are rolled at three-month intervals and includes daily accrued interest. ### What is the expense ratio of CNY? Market Vectors Chinese Renminbi/USD ETN (CNY) charges an expense ratio of 0.55%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is CNY? Market Vectors Chinese Renminbi/USD ETN (CNY) manages $7.5M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is CNY actively managed or an index fund? CNY is a passive index fund. It tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (CNY's is 0.55%) because there's no security selection cost. ### When was CNY launched? Market Vectors Chinese Renminbi/USD ETN (CNY) launched in January 2008 and is managed by the fund issuer. ### How has CNY performed? CNY's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does CNY pay a dividend? Market Vectors Chinese Renminbi/USD ETN (CNY) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does CNY pay dividends? Market Vectors Chinese Renminbi/USD ETN pays dividends on its published schedule. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is CNY's dividend yield? CNY's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is CNY's next ex-dividend date? CNY hasn't announced its next ex-date yet. Once declared it'll appear at the top of the dividend history table on this page. ### How much will CNY's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.55% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does CNY charge its expense ratio? The expense ratio is deducted in tiny daily slices from CNY's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does CNY cost more than a fund like VOO? CNY is a passive index fund (current expense ratio 0.55%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to CNY? The Lower-Fee Alternatives card above lists ETNs following the same investment strategy as CNY (0.55%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/cny - Distribution history: https://www.dividenddata.com/funds/cny/dividend - Holdings & diversification: https://www.dividenddata.com/funds/cny/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/cny/expenses - Peer comparison: https://www.dividenddata.com/funds/cny/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.