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CBON
VanEck Vectors ChinaAMC China Bond ETF

  • 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 (CDHATRID), 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.

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    • Fund Ticker

      CBON
    • Exchange

      NYSE Arca
    • Commencement

      11/10/2014
    • ETF Structure

      Physical
    • Administrator

      Van Eck Associates
    • Custodian

      Bank of New York Mellon
    • Index Ticker

      CDHATRID
    • Index Rebalancing

      Monthly
  •  
    as of 03/29/17

    • 30-Day SEC Yield1

      3.11%
    • Total Net Assets

      $6.7M
    • Number of Holdings

      19
    • Options

      Expected
    • Gross Expense Ratio2

      1.12%
    • Net Expense Ratio/TER2

      0.50%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      03/31/2017
  • Key Points

    • Access to China's Onshore Bonds
      Largest emerging markets bond market, once closed to U.S. investors

    • Attractive Yields, Low Correlation
      Onshore bond market with historical yield premium to developed bond markets, low correlation to core asset classes

    • Sub-Advised by ChinaAMC (H.K.)
      One of the largest asset managers in China*
    * By mutual fund and ETF assets under management as of December 31, 2016.
    • Yields
      as of 03/29/17

      • 30-Day SEC Yield1

        3.11%
      • Distribution Yield1

        2.90%
      • 12-Month Yield1

        3.06%
       1 See Important Disclosure for definitions.
    • Fees & Expenses2

      • Management Fee

        0.40%
      • Other Expenses

        0.72%
      • Acquired Fund Fees and Expenses

        --
      • Gross Expense Ratio

        1.12%
      • Fee Waivers and
        Expense Reimbursement

        -0.62%
      • Net Expense Ratio/TER2

        0.50%
      2Expenses for CBON are capped contractually at 0.50% until 09/01/17. Cap excludes certain expenses, such as interest.
    • Trading Information

      • Fund Ticker

        CBON
      • Index Total Return Ticker

        CDHATRID
      • NAV

        CBONNV
      • Intraday NAV (IIV)5

        CBONIV
      • Shares Outstanding

        300,000
      • Estimated Cash

        CBONEU
      • Total Cash

        CBONTC
      • CUSIP

        92189F379
      • ISIN

        US92189F3799
      5See IIV Details. Source: Bloomberg
    • Fundamentals4
      as of 03/28/17

      • Yield to Maturity

        4.14%
      • Coupon

        4.38%
      • Modified Duration (yrs)

        4.15
      • Years to Maturity

        4.86
       4 See Important Disclosure for definitions.
    • Prices as of 03/29/17

      NAV/
      Last Price
      Volume
      30-Day Avg./
      Last Trading Day
      Daily Change
      NAV/
      Last Price
      YTD Change
      NAV/
      Last Price
      Premium/
      Discount
      Prem/Discount
      Distribution Charts
      NAV &
      Prem/Discount
      History
      NAV
      Chart
      CBON $22.25
      $22.12
      1,261
      60
      -$0.04 / -0.17%
      $0.00 / +0.00%
      +0.9%
      +1.5%
      $-0.13
      -0.59%
    • View All IndicesView All ETFsPerformance History: Average Annual Total Returns* (%)

      1 MO3 MOYTD1 YR3 YR5 YR10 YRLIFE
      11/10/14
      CBON (NAV)-0.80-0.851.37-4.66-------2.01
      CBON (Share Price)-0.58-0.641.53-4.75-------2.42
      CDHATRID (Index)0.11-1.300.77-4.11-------0.91
      Performance Differential (NAV - Index)-0.910.450.60-0.55-------1.10
      After Tax Held-0.91-0.961.26-4.77-------2.46
      After Tax Sold-0.45-0.480.78-2.64-------1.71
      Quarter End as of 12/31/16
      1 MO3 MOYTD1 YR3 YR5 YR10 YRLIFE
      11/10/14
      CBON (NAV)-2.20-6.40-6.43-6.43-------2.78
      CBON (Share Price)-2.13-6.55-6.39-6.39-------3.29
      CDHATRID (Index)-2.05-5.99-5.35-5.35-------1.33
      Performance Differential (NAV - Index)-0.15-0.41-1.08-1.08-------1.45
      After Tax Held-2.29-6.73-7.61-7.61-------3.75
      After Tax Sold-1.24-3.62-3.60-3.60-------2.51
    • Daily HoldingsTop 10 Holdings (%) as of 02/28/17

      Total Holdings: 19
      Holding Name
      Coupon
      Maturity
      Country
      Currency
      % of Net
      Assets
      China Development Bank Corp
      5.840
      01/03/2019
      China
      CNY
      19.51
      China Government Bond
      3.400
      04/17/2023
      China
      CNY
      16.20
      China Government Bond
      4.260
      07/31/2021
      China
      CNY
      8.04
      Power Construction Corp Of China Ltd
      5.200
      10/29/2022
      China
      CNY
      6.86
      Power Construction Corp Of China
      5.700
      04/23/2019
      China
      CNY
      4.70
      Offshore Oil Engineering Co Ltd
      5.770
      11/09/2017
      China
      CNY
      4.62
      China Fortune Land Development Co Ltd
      5.100
      10/20/2022
      China
      CNY
      4.43
      Jiangsu Communications Holding Co Ltd
      4.510
      12/12/2017
      China
      CNY
      4.41
      China Petroleum & Chemical Corp
      4.900
      06/01/2022
      China
      CNY
      3.90
      Shanghai Urban Construction Group Corp
      3.500
      01/06/2023
      China
      CNY
      3.37
      Top 10 Total (%)76.04

      These are not recommendations to buy or to sell any security. Securities and holdings may vary.

    • Country Weightings (%) as of 02/28/17

      • Country

        % of Net Assets
      • CHINA

        94.90
      • Other/Cash

        5.10
    • Currency Exposure (%)
      as of 02/28/17

      • China Renminbi

        94.90
      • Other/Cash

        5.10
    • Sector Weightings (%) as of 02/28/17

      • Sector

        % of Net Assets
      • Financial

        29.6
      • Government

        24.2
      • Industrial

        20.8
      • Energy

        8.5
      • Consumer, Non-cyclical

        7.1
      • Diversified

        2.4
      • Basic Materials

        2.3
      • Other/Cash

        5.1
    • Maturity (%) as of 02/28/17

      Average Portfolio Maturity: 4.80 Years