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CBON
VanEck China Bond ETF

Market Updates*

  • The yield pickup provided by China onshore bonds versus U.S. bonds remains attractive relative to historical averages.
  • CNY has appreciated over the past year, driven by subdued monetary and fiscal policies relative to other global economies and the country’s impressive economic recovery.
  • 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.

Source: Bloomberg

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 09/21/21

  • 30-Day SEC Yield1

    2.52%
  • Total Net Assets

    $118.8M
  • Number of Holdings

    88
  • Options

    Expected
  • Gross Expense Ratio2

    0.68%
  • Net Expense Ratio/TER2

    0.50%
  • Distribution Frequency

    Monthly

Portfolio Composition (%)
as of 09/20/21

  • % of Net Assets
  • Stocks

    0.00
  • Bonds

    92.69
  • Other

    0.00
  • Cash

    7.31

Daily Holdings (%) as of 09/20/21 Download All Fund Holdings »

Total Holdings: 88
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
11,427,808.50
71,831,000 9.61
China Development Bank 08/01/2023
BBG00LL03CH1
3.870
Bond
6,461,017.60
40,645,000 5.43
China Government Bond 08/22/2046
BBG00DLCK1Y9
3.270
Bond
5,016,760.49
32,966,000 4.22
Beijing State-Owned Capital Operation A 01/14/2024
BBG00N14W1Z3
3.850
Bond
4,029,768.29
25,000,000 3.39
China Development Bank 08/01/2038
BBG00LL04W04
4.590
Bond
3,609,629.31
20,301,000 3.04
China Development Bank 02/03/2027
BBG00RHBW1K7
3.390
Bond
3,364,988.06
20,904,000 2.83
Yanzhou Coal Mining Co Ltd 03/12/2025
BBG00S75TSD2
3.430
Bond
3,133,251.19
20,000,000 2.64
Shandong Hi-Speed Group Co Ltd 10/21/2024
BBG00QK5PR92
4.000
Bond
2,784,464.51
17,000,000 2.34
Shenwan Hongyuan Group Co Ltd 07/17/2023
BBG00LFJZ1P7
4.800
Bond
2,408,801.46
15,000,000 2.03
Guangzhou Asset Management Co Ltd 01/22/2024
BBG00YYXC519
3.790
Bond
2,397,920.79
15,000,000 2.02
China Huaneng Group Co Ltd 03/09/2169
BBG00S40B2F0
3.550
Bond
2,370,342.48
15,000,000 1.99
Anshan Iron And Steel Group Co Ltd 07/30/2169
BBG00WBLHR66
4.280
Bond
2,360,629.50
15,000,000 1.99
Beijing Automotive Group Co Ltd 10/19/2023
BBG00M88FTB3
4.480
Bond
2,348,368.88
14,600,000 1.98
Beijing Public Housing Center 04/16/2040
BBG00T33SHF2
3.190
Bond
2,330,732.92
15,000,000 1.96
China Government Bond 08/13/2022
BBG00WHZT0S1
2.640
Bond
2,326,788.19
15,000,000 1.96
Xiamen C&D Corp Ltd 01/01/2169
BBG00R3WL2T7
4.140
Bond
2,083,783.47
13,000,000 1.75
Nanjing Yangzi State-Owned Investment G 10/21/2024
BBG00QK5MJY5
3.630
Bond
1,928,324.91
12,000,000 1.62
Beijing Capital Eco-Environment Protect 11/27/2023
BBG00MMDT2Z4
4.240
Bond
1,631,858.83
10,000,000 1.37
Gemdale Corp 10/12/2025
BBG00XP236W3
3.950
Bond
1,618,644.37
10,000,000 1.36
Shanxi Coking Coal Group Co Ltd 10/21/2170
BBG00XX73YJ7
4.170
Bond
1,617,689.57
10,000,000 1.36
China Datang Corp 09/25/2170
BBG00QB5M236
3.810
Bond
1,615,362.68
10,000,000 1.36
Shandong Luxin Investment Holdings Grou 01/07/2026
BBG00YRDKQW2
3.850
Bond
1,605,776.41
10,000,000 1.35
Hesteel Co Ltd 11/26/2024
BBG00PZ5MSF2
4.080
Bond
1,602,766.13
10,000,000 1.35
Beijing Haidian State-Owned Assets Oper 10/24/2024
BBG00QKHVLL8
3.700
Bond
1,597,060.81
10,000,000 1.34
Cofco Commercial Property Investment Co 01/09/2025
BBG00N03Q959
3.940
Bond
1,591,988.22
10,000,000 1.34
China Oilfield Services Ltd 10/24/2023
BBG00F0X5LB9
3.350
Bond
1,591,785.87
10,000,000 1.34
Zhejiang Province Zheshang Asset Manage 11/08/2023
BBG00MGY4LK6
4.480
Bond
1,591,126.17
9,900,000 1.34
Agricultural Development Bank Of China 05/24/2031
BBG01135SFJ7
3.520
Bond
1,588,497.48
10,000,000 1.34
Taiyuan Iron & Steel Group Co Ltd 08/13/2024
BBG00PXR2H53
3.880
Bond
1,574,342.22
10,000,000 1.32
China Development Bank 04/06/2022
BBG00GF8CKL9
3.910
Bond
1,510,102.85
9,529,000 1.27
Beijing Haidian State-Owned Assets Oper 12/17/2023
BBG00MTGK6L5
4.140
Bond
1,412,807.55
9,000,000 1.19
Agricultural Development Bank Of China 05/13/2022
BBG00P33PLL7
3.280
Bond
1,326,333.30
8,449,000 1.12
China Development Bank 11/27/2022
BBG00QXTD9P1
2.920
Bond
1,311,588.64
8,361,000 1.10
Chongqing Longhu Development Co Ltd 01/25/2024
BBG00BZXWH47
3.680
Bond
1,298,467.51
8,000,000 1.09
China Development Bank 12/06/2022
BBG00R0JPQX7
2.900
Bond
1,126,014.14
7,080,000 0.95
Anhui Provincial Investment Group Holdi 07/23/2024
BBG00PQHJSM2
3.700
Bond
1,094,189.67
7,000,000 0.92
Huaneng Power International Inc 09/25/2169
BBG00HSC3TY1
5.170
Bond
993,946.56
6,000,000 0.84
Aluminum Corp Of China Ltd 09/05/2022
BBG00Q57LMS9
3.500
Bond
932,756.18
6,000,000 0.78
Power Construction Corp Of China Ltd 10/29/2022
BBG003LG8P28
5.200
Bond
819,568.00
4,950,000 0.69
State Power Investment Corp Ltd 11/20/2023
BBG00MJWDR60
4.200
Bond
817,364.88
4,995,000 0.69
Sichuan Development Holding Co Ltd 03/26/2024
BBG00NNPSLP4
4.300
Bond
808,708.30
5,000,000 0.68
Power Construction Corp Of China Ltd 11/29/2070
BBG00QZ25M50
3.900
Bond
805,143.91
5,000,000 0.68
Guangzhou City Construction & Developme 09/27/2024
BBG00QDFT2Z0
3.600
Bond
804,930.52
5,000,000 0.68
Shenzhen Energy Group Co Ltd 11/20/2022
BBG00J5FP957
5.250
Bond
801,837.84
5,000,000 0.67
Sichuan Development Holding Co Ltd 08/06/2025
BBG00LLLCFZ8
4.550
Bond
796,869.70
5,000,000 0.67
Qingdao Conson Development Group Co Ltd 01/09/2025
BBG00RBG2V92
3.550
Bond
796,797.35
5,000,000 0.67
China Railway Group Ltd 07/16/2024
BBG00PPP0NF4
3.990
Bond
795,567.80
5,000,000 0.67
State Development & Investment Corp Ltd 06/03/2023
BBG00CZN8666
3.790
Bond
791,820.75
5,000,000 0.67
Guangdong Hengjian Investment Holding C 08/07/2024
BBG00PWPSLP9
3.840
Bond
789,369.41
5,000,000 0.66
Hefei Xingtai Finance Holding Group Co 06/14/2022
BBG00PDZ6F66
4.100
Bond
786,379.18
5,000,000 0.66
China Government Bond 04/25/2046
BBG00CP5W6N0
3.520
Bond
635,171.55
4,000,000 0.53
China Southern Power Grid Co Ltd 04/25/2022
BBG00NZY9F76
3.950
Bond
586,115.87
3,710,000 0.49
Hangzhou Commerce Tourism Group Co Ltd 07/11/2022
BBG00H3QKDX4
4.710
Bond
553,193.77
3,501,000 0.47
Cinda Investment Co Ltd 12/22/2023
BBG00BP6QQW3
3.800
Bond
482,651.32
3,000,000 0.41
China State Railway Group Co Ltd 06/07/2023
BBG00L31FRG4
4.460
Bond
482,470.02
3,008,000 0.41
China Datang Corp Renewable Power Co Lt 09/26/2022
BBG00QDTB9W7
3.580
Bond
482,519.79
3,000,000 0.41
China National Building Material Co Ltd 07/17/2024
BBG00H4F5151
4.890
Bond
474,939.19
3,000,000 0.40
Beijing Urban Construction Investment & 07/20/2022
BBG009LMN7V3
4.400
Bond
472,324.43
3,000,000 0.40
Citic Securities Co Ltd 09/10/2024
BBG00Q5GHS01
3.780
Bond
472,206.72
3,000,000 0.40
China Merchants Securities Co Ltd 05/26/2025
BBG00888LB17
5.080
Bond
414,609.41
2,488,000 0.35
China Everbright Ltd 11/23/2023
BBG00FD7M0N6
3.800
Bond
323,442.58
2,000,000 0.27
Xiamen C & D Inc 10/15/2021
BBG00QK2T3H9
3.500
Bond
318,894.62
2,000,000 0.27
China Chengtong Holdings Group Ltd 01/20/2023
BBG00RH754F6
3.550
Bond
318,349.61
2,000,000 0.27
State Power Investment Corp Ltd 07/06/2169
BBG00VTF2XC8
3.570
Bond
313,675.18
2,000,000 0.26
Yalong River Hydropower Development Co 04/08/2023
BBG00SYJMTM7
2.930
Bond
312,819.99
2,000,000 0.26
Chongqing Longhu Development Co Ltd 03/21/2023
BBG00KBG8DL7
5.600
Bond
255,888.33
1,600,000 0.22
Petrochina Co Ltd 01/19/2026
BBG00BWMHVZ6
3.500
Bond
238,652.65
1,500,000 0.20
China Yangtze Power Co Ltd 10/17/2026
BBG00DZTKM71
3.350
Bond
237,768.64
1,500,000 0.20
Guangzhou Metro Group Co Ltd 08/09/2027
BBG00HBWYTG1
4.840
Bond
236,936.76
1,500,000 0.20
Nanchang Municipal Public Investment Ho 08/22/2023
BBG00DLY8VY9
3.230
Bond
232,310.64
1,500,000 0.20
Guangzhou Metro Group Co Ltd 06/03/2024
BBG006WYD127
6.050
Bond
221,673.48
1,350,000 0.19
Jihua Group Corp Ltd 09/15/2022
BBG00B07N968
4.100
Bond
202,163.86
1,294,000 0.17
Jiangxi Ganyue Expressway Co Ltd 04/19/2023
BBG004FQ63F8
5.150
Bond
185,091.67
1,135,000 0.16
Seazen Holdings Co Ltd 03/20/2024
BBG00NN8FP68
5.900
Bond
159,170.75
1,000,000 0.13
China Overseas Enterprise Development G 01/24/2025
BBG00N549666
3.470
Bond
157,906.40
1,000,000 0.13
China Merchants Expressway Network & Te 08/07/2022
BBG00HBWXYX2
4.780
Bond
157,933.64
1,000,000 0.13
China Southern Power Grid Co Ltd 03/19/2024
BBG0068DHW73
5.900
Bond
152,626.60
900,000 0.13
China Government Bond 05/05/2026
BBG00CSPNJL7
2.900
Bond
132,876.24
846,000 0.11
Wuxi Guolian Development Group Co Ltd 05/09/2023
BBG00KVGG338
4.880
Bond
129,307.67
800,000 0.11
State Grid Corp Of China 12/08/2021
BBG002F1Q8M6
5.140
Bond
121,060.94
750,000 0.10
Tianjin Infrastructure Construction & I 02/26/2023
BBG004LFL4F6
5.700
Bond
86,409.63
540,000 0.07
Hubei Provincial Communications Investm 03/27/2024
BBG006M1D4P9
6.680
Bond
86,265.23
500,000 0.07
Nanjing State Owned Assets Investment & 03/06/2023
BBG004NGCP65
5.600
Bond
82,182.48
506,400 0.07
Beijing State-Owned Assets Management C 08/01/2022
BBG00H9V1F72
4.680
Bond
78,933.21
500,000 0.07
China Government Bond 08/22/2046
BBG00DLCJZ49
3.270
Bond
76,089.94
500,000 0.06
China Fortune Land Development Co Ltd 03/03/2022
BBG00CCLCGN9
4.040
Bond
38,775.54
1,000,000 0.03
Guotai Junan Securities Co Ltd 05/21/2024
BBG01139L1S7
3.310
Bond
31,427.63
200,000 0.03
China Fortune Land Development Co Ltd 10/20/2022
BBG00B3XY172
5.100
Bond
26,674.49
1,000,000 0.02
Other/Cash --
--
--
Cash
8,689,188.18
-- 7.31
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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.