Individual Investors

Subscribe to email updates

Subscribe now

Financial Professionals

Subscribe to email updates, or password protected financial professional-only content
email address/username
password

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.

  •  
      

    • 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 02/17/17

    • 30-Day SEC Yield1

      2.94%
    • 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

      02/28/2017
  • 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 02/17/17

      • 30-Day SEC Yield1

        2.94%
      • Distribution Yield1

        3.19%
      • 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 02/16/17

      • Yield to Maturity

        4.03%
      • Coupon

        4.51%
      • Modified Duration (yrs)

        4.34
      • Years to Maturity

        4.98
       4 See Important Disclosure for definitions.
    • Prices as of 02/17/17

      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 $22.44
      $22.21
      1,415
      343
      $0.03 / +0.12%
      $0.00 / +0.00%
      +1.5%
      +1.7%
      $-0.23
      -1.03%
    • View All IndicesView All ETFsPerformance History: Average Annual Total Returns* (%)

      1 MO3 MOYTD1 YR3 YR5 YR10 YRLIFE
      11/10/14
      CBON (NAV)2.19-2.972.19-3.47-------1.72
      CBON (Share Price)2.12-2.882.12-3.69-------2.25
      CDHATRID (Index)0.66-4.310.66-3.62-------0.99
      Performance Differential (NAV - Index)1.531.341.530.15-------0.73
      After Tax Held----------------
      After Tax Sold----------------
      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 01/31/17

      Total Holdings: 19
      Holding Name
      Coupon
      Maturity
      Country
      Currency
      % of Net
      Assets
      China Development Bank Corp
      5.840
      01/03/2019
      China
      CNY
      19.30
      China Government Bond
      3.400
      04/17/2023
      China
      CNY
      16.03
      China Government Bond
      4.260
      07/31/2021
      China
      CNY
      7.96
      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
      4.67
      Offshore Oil Engineering Co Ltd
      5.770
      11/09/2017
      China
      CNY
      4.57
      China Fortune Land Development Co Ltd
      5.100
      10/20/2022
      China
      CNY
      4.40
      Jiangsu Communications Holding Co Ltd
      4.510
      12/12/2017
      China
      CNY
      4.37
      China Petroleum & Chemical Corp
      4.900
      06/01/2022
      China
      CNY
      3.91
      Tianjin Infrastructure Construction & I
      5.700
      02/26/2023
      China
      CNY
      3.86
      Top 10 Total (%)75.94

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

    • Country Weightings (%) as of 01/31/17

      • Country

        % of Net Assets
      • CHINA

        95.00
      • Other/Cash

        5.00
    • Currency Exposure (%)
      as of 01/31/17

      • China Renminbi

        95.00
      • Other/Cash

        5.00
    • Sector Weightings (%) as of 01/31/17

      • Sector

        % of Net Assets
      • Financial

        29.5
      • Government

        24.0
      • Industrial

        21.4
      • Energy

        8.5
      • Consumer, Non-cyclical

        7.0
      • Diversified

        2.4
      • Basic Materials

        2.2
      • Other/Cash

        5.0
    • Maturity (%) as of 01/31/17

      Average Portfolio Maturity: 5.18 Years