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CBON
VanEck Vectors ChinaAMC China Bond ETF

Latest Market Updates*

  • Chinese bonds currently offer attractive yields, with the 10-year China government bond yielding nearly 235 basis points above the 10-year U.S. Treasury yield.1
  • CNY has been appreciating against the U.S. dollar since July, supported by relatively constrained monetary policy, growing FX reserves and a strong economic recovery compared to most other countries worldwide.
  • Foreign interest in onshore bonds continues to increase, driven by their attractive yield and diversification potential, with inflows expected to continue as onshore bonds are gradually included in global bond indexes.

1Source: Bloomberg as of 12/17/2020.

Fund Description

The VanEck Vectors® ChinaAMC China Bond ETF (CBON®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the ChinaBond China High Quality Bond Index (CHQU01TR), which is comprised of fixed-rate, Renminbi ("RMB")-denominated bonds issued in the People's Republic of China by Chinese credit, governmental and quasi-governmental (e.g., policy banks) issuers.

 
 

  • Fund Ticker

    CBON
  • Exchange

    NYSE Arca
  • ETF Structure

    Physical
  • Administrator

    Van Eck Associates
  • Custodian

    State Street Bank and Trust Company
  • Index Ticker

    CHQU01TR
  • Index Rebalancing

    Monthly

 
as of 01/22/21

  • 30-Day SEC Yield1

    3.11%
  • Total Net Assets

    $64.7M
  • Number of Holdings

    75
  • Options

    Expected
  • Gross Expense Ratio2

    3.53%
  • Net Expense Ratio/TER2

    0.50%
  • Distribution Frequency

    Monthly

Portfolio Composition (%)
as of 01/21/21

  • % of Net Assets
  • Stocks

    0.00
  • Bonds

    90.61
  • Other

    0.00
  • Cash

    9.39

Daily Holdings (%) as of 01/21/21 Download All Fund Holdings »

Total Holdings: 75
Holding Name Maturity
Identifier (FIGI)
Coupon
Asset Class
Notional Value
Par Value/ Contracts
% of Net
Assets
China Government Bond 04/17/2023
BBG00001QR08
3.400
Bond
7,198,495.79
45,402,000 11.08
China Government Bond 08/22/2046
BBG00DLCK1Y9
3.270
Bond
3,930,888.24
26,966,000 6.05
China Development Bank 08/01/2023
BBG00LL03CH1
3.870
Bond
2,696,129.12
16,709,000 4.15
Yanzhou Coal Mining Co Ltd 03/12/2025
BBG00S75TSD2
3.430
Bond
2,324,068.33
15,000,000 3.58
China Development Bank 08/01/2038
BBG00LL04W04
4.590
Bond
2,100,340.65
12,000,000 3.23
China Development Bank 04/06/2022
BBG00GF8CKL9
3.910
Bond
2,040,941.54
12,593,000 3.14
Guangzhou R&F Properties Co Ltd 01/22/2021
BBG00BYRD1C8
7.000
Bond
1,701,127.38
11,000,000 2.62
Shandong Hi-Speed Group Co Ltd 10/21/2024
BBG00QK5PR92
4.000
Bond
1,581,097.61
10,000,000 2.43
Gemdale Corp 10/12/2025
BBG00XP236W3
3.950
Bond
1,574,449.23
10,000,000 2.42
Taiyuan Iron & Steel Group Co Ltd 08/13/2024
BBG00PXR2H53
3.880
Bond
1,572,973.49
10,000,000 2.42
China Development Bank 02/03/2027
BBG00RHBW1K7
3.390
Bond
1,428,093.45
8,904,000 2.20
China Development Bank 11/27/2022
BBG00QXTD9P1
2.920
Bond
1,306,236.84
8,361,000 2.01
Chongqing Longhu Development Co Ltd 01/25/2024
BBG00BZXWH47
3.680
Bond
1,301,984.62
8,000,000 2.00
China Government Bond 07/31/2021
BBG00000G778
4.260
Bond
1,200,536.47
7,541,000 1.85
Guangzhou R&F Properties Co Ltd 01/03/2023
BBG00MYY9SQ0
7.000
Bond
1,170,342.07
9,000,000 1.80
State Grid Corp Of China 12/08/2021
BBG002F1Q8M6
5.140
Bond
1,069,610.03
6,750,000 1.65
Beijing Automotive Group Co Ltd 10/19/2023
BBG00M88FTB3
4.480
Bond
1,051,006.66
6,600,000 1.62
Shenwan Hongyuan Group Co Ltd 07/17/2023
BBG00LFJZ1P7
4.800
Bond
978,190.81
6,000,000 1.51
Huaneng Power International Inc 09/25/2169
BBG00HSC3TY1
5.170
Bond
966,766.58
6,000,000 1.49
Aluminum Corp Of China Ltd 09/05/2022
BBG00Q57LMS9
3.500
Bond
942,043.95
6,000,000 1.45
Sichuan Development Holding Co Ltd 03/26/2024
BBG00NNPSLP4
4.300
Bond
815,927.66
5,000,000 1.26
Sichuan Development Holding Co Ltd 08/06/2025
BBG00LLLCFZ8
4.550
Bond
808,761.83
5,000,000 1.25
State Development & Investment Corp Ltd 06/03/2023
BBG00CZN8666
3.790
Bond
798,570.43
5,000,000 1.23
China Railway Group Ltd 07/16/2024
BBG00PPP0NF4
3.990
Bond
798,508.41
5,000,000 1.23
Hefei Xingtai Finance Holding Group Co 06/14/2022
BBG00PDZ6F66
4.100
Bond
798,294.69
5,000,000 1.23
State Power Investment Corp Ltd 11/20/2023
BBG00MJWDR60
4.200
Bond
792,460.90
4,995,000 1.22
Guangdong Hengjian Investment Holding C 08/07/2024
BBG00PWPSLP9
3.840
Bond
789,274.21
5,000,000 1.22
Guangzhou City Construction & Developme 09/27/2024
BBG00QDFT2Z0
3.600
Bond
786,036.61
5,000,000 1.21
Shenzhen Energy Group Co Ltd 11/20/2022
BBG00J5FP957
5.250
Bond
783,000.11
5,000,000 1.21
Beijing E-Town International Investment 07/27/2023
BBG00LJTVWZ6
4.580
Bond
780,170.56
4,900,000 1.20
Beijing State-Owned Capital Operation A 01/14/2024
BBG00N14W1Z3
3.850
Bond
779,677.74
5,000,000 1.20
Qingdao Conson Development Group Co Ltd 01/09/2025
BBG00RBG2V92
3.550
Bond
774,886.62
5,000,000 1.19
Beijing Public Housing Center 04/16/2040
BBG00T33SHF2
3.190
Bond
772,251.95
5,000,000 1.19
Hesteel Co Ltd 11/26/2024
BBG00PZ5MSF2
4.080
Bond
620,297.38
4,000,000 0.96
China National Building Material Co Ltd 07/17/2024
BBG00H4F5151
4.890
Bond
486,736.80
3,000,000 0.75
Beijing Urban Construction Investment & 07/20/2022
BBG009LMN7V3
4.400
Bond
481,146.71
3,000,000 0.74
Citic Securities Co Ltd 09/10/2024
BBG00Q5GHS01
3.780
Bond
472,727.16
3,000,000 0.73
China Datang Corp Renewable Power Co Lt 09/26/2022
BBG00QDTB9W7
3.580
Bond
471,377.04
3,000,000 0.73
Cinda Investment Co Ltd 12/22/2023
BBG00BP6QQW3
3.800
Bond
470,420.04
3,000,000 0.72
Shanghai Shimao Co Ltd 01/15/2022
BBG00N14SN62
4.650
Bond
465,343.82
3,000,000 0.72
Beijing Haidian State-Owned Assets Oper 12/17/2023
BBG00MTGK6L5
4.140
Bond
464,148.85
3,000,000 0.71
China Cosco Shipping Corp Ltd 04/24/2021
BBG00KP7MR08
4.500
Bond
320,498.04
2,000,000 0.49
Beijing Capital Land Ltd 09/14/2023
BBG00LYFY086
4.890
Bond
318,023.97
2,000,000 0.49
State Power Investment Corp Ltd 07/06/2169
BBG00VTF2XC8
3.570
Bond
313,302.41
2,000,000 0.48
China Everbright Ltd 11/23/2023
BBG00FD7M0N6
3.800
Bond
312,973.27
2,000,000 0.48
Xiamen C & D Inc 10/15/2021
BBG00QK2T3H9
3.500
Bond
312,499.74
2,000,000 0.48
Guangzhou Metro Group Co Ltd 06/03/2024
BBG006WYD127
6.050
Bond
302,463.94
1,800,000 0.47
Chongqing Longhu Development Co Ltd 03/21/2023
BBG00KBG8DL7
5.600
Bond
259,567.90
1,600,000 0.40
Guangzhou Metro Group Co Ltd 08/09/2027
BBG00HBWYTG1
4.840
Bond
242,602.61
1,500,000 0.37
Nanchang Municipal Public Investment Ho 08/22/2023
BBG00DLY8VY9
3.230
Bond
235,062.55
1,500,000 0.36
Petrochina Co Ltd 01/19/2026
BBG00BWMHVZ6
3.500
Bond
231,015.77
1,500,000 0.36
Air China Ltd 01/18/2023
BBG003TVMYG7
5.100
Bond
226,456.42
1,414,000 0.35
Jihua Group Corp Ltd 09/15/2022
BBG00B07N968
4.100
Bond
205,454.88
1,294,000 0.32
China State Railway Group Co Ltd 08/25/2021
BBG000015LS4
4.630
Bond
198,554.07
1,248,200 0.31
China Petroleum & Chemical Corp 06/01/2022
BBG0032N71C7
4.900
Bond
195,710.94
1,200,000 0.30
Jiangxi Ganyue Expressway Co Ltd 04/19/2023
BBG004FQ63F8
5.150
Bond
188,799.03
1,135,000 0.29
China Merchants Securities Co Ltd 05/26/2025
BBG00888LB17
5.080
Bond
167,969.60
1,000,000 0.26
China Fortune Land Development Co Ltd 03/03/2021
BBG00CCLCGN9
4.040
Bond
164,134.03
1,000,000 0.25
Seazen Holdings Co Ltd 03/20/2024
BBG00NN8FP68
5.900
Bond
161,831.83
1,000,000 0.25
Power Construction Corp Of China Ltd 10/29/2022
BBG003LG8P28
5.200
Bond
161,736.94
1,000,000 0.25
China Merchants Expressway Network & Te 08/07/2022
BBG00HBWXYX2
4.780
Bond
161,469.13
1,000,000 0.25
China Chengtong Holdings Group Ltd 07/10/2021
BBG00LCSRPM9
4.670
Bond
159,411.34
1,000,000 0.25
Financial Street Holdings Co Ltd 08/20/2021
BBG009SZJPB4
4.740
Bond
159,075.15
1,000,000 0.24
Ping An Real Estate Co Ltd 08/05/2023
BBG00DJ8NW98
3.280
Bond
157,242.72
1,001,000 0.24
China Southern Power Grid Co Ltd 03/19/2024
BBG0068DHW73
5.900
Bond
156,259.26
900,000 0.24
Xiamen C&D Corp Ltd 01/01/2169
BBG00R3WL2T7
4.140
Bond
155,543.40
1,000,000 0.24
China Government Bond 04/25/2046
BBG00CP5W6N0
3.520
Bond
151,131.36
1,000,000 0.23
Tianjin Infrastructure Construction & I 02/26/2023
BBG004LFL4F6
5.700
Bond
134,023.33
810,000 0.21
Wuxi Guolian Development Group Co Ltd 05/09/2023
BBG00KVGG338
4.880
Bond
131,303.30
800,000 0.20
China Government Bond 05/05/2026
BBG00CSPNJL7
2.900
Bond
131,275.97
846,000 0.20
Nanjing State Owned Assets Investment & 03/06/2023
BBG004NGCP65
5.600
Bond
125,986.54
759,600 0.19
China Fortune Land Development Co Ltd 10/20/2022
BBG00B3XY172
5.100
Bond
124,540.19
1,000,000 0.19
Hubei Provincial Communications Investm 03/27/2024
BBG006M1D4P9
6.680
Bond
88,207.02
500,000 0.14
Dalian Wanda Commercial Management Grou 07/27/2021
BBG00DGG3H70
4.700
Bond
79,069.24
500,000 0.12
China Government Bond 08/22/2046
BBG00DLCJZ49
3.270
Bond
72,870.23
500,000 0.11
Other/Cash --
--
--
Cash
6,096,686.50
-- 9.39
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†See Country of Risk disclosure. These are not recommendations to buy or to sell any security. Securities and holdings may vary.