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CBON
VanEck China Bond ETF

Fund Description

The VanEck 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 01/28/22

  • 30-Day SEC Yield1

    2.30%
  • Total Net Assets

    $143.7M
  • Number of Holdings

    101
  • Options

    Expected
  • Gross Expense Ratio2

    0.68%
  • Net Expense Ratio/TER2

    0.50%
  • Distribution Frequency

    Monthly

Index Key Points

ChinaBond China High Quality Bond Index (CHQU01TR) comprises:

Fixed-rate, Renminbi (“RMB”)-denominated bonds issued in the People’s Republic of China (“China” or the “PRC”) by Chinese credit, governmental or quasi-governmental (e.g., policy banks) issuers (“RMB Bonds”). Chinese credit issuers are generally considered to be issuers of central enterprise bonds, local enterprise bonds, medium-term notes, corporate bonds and railway debt. Credit RMB Bonds must have at least one AAA rating by one of the Chinese local rating agencies recognized by the relevant authorities in the PRC to be included in the Index.

 

Index Weighting:  

Constituents in the index are based on each constituent's relative market capitalization to the total market capitalization, subject to the following criteria: (a) 20% government bonds; (b) 30% policy bank bonds; and (c) 50% corporate bonds (with an issuer cap of 4.75%).

 

Index Provider:  

China Central Depository & Clearing Co., Ltd.

Index Profile

  • Ticker

    CHQU01TR
  • Inception Date

    11/05/2014
  • Rebalance Frequency

    Monthly

Index Fundamentals4
as of 01/28/22

  • Yield to Maturity

    3.07%
  • Coupon

    74.50%
  • Modified Duration (yrs)

    4.26
  • Years to Maturity

    5.31
 4 See Important Disclosure for definitions.

Top 10 Constituents (%) as of 12/31/21

Total Constituents: 5,904
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full data
Constituent Name
Coupon
Maturity Weighting (%)
Export-Import Bank China
3.280
02/11/2024
0.50
China Development Bank
3.660
03/01/2031
0.50
China Development Bank
3.480
01/08/2029
0.50
China Development Bank
3.700
10/20/2030
0.50
China Development Bank
3.300
03/03/2026
0.49
China Development Bank
4.040
07/06/2028
0.47
China Development Bank
3.410
06/07/2031
0.47
China Development Bank
3.650
05/21/2029
0.46
China Development Bank
4.040
04/10/2027
0.46
China Development Bank
3.450
09/20/2029
0.45
Top 10 Total (%) 4.80
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Index Country Weightings (%) as of 12/31/21

  • Country

    % of Net Assets
  • CHINA

    100.00

Index Sector Weightings (%) as of 12/31/21

  • Sector

    % of Net Assets
  • Financial

    36.0
  • Government

    23.1
  • Industrial

    10.5
  • Utilities

    4.7
  • Energy

    2.9
  • Consumer, Cyclical

    2.0
  • Consumer, Non-cyclical

    1.9
  • Basic Materials

    1.4
  • Diversified

    0.6
  • Communications

    0.2
  • OTHERS

    0.1