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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

Country Weightings (%) as of 08/31/21

  • Country

    % of Net Assets
  • China

    95.42
  • Other/Cash

    4.58

Portfolio Composition (%)
as of 08/31/21

  • % of Net Assets
  • Stocks

    0.00
  • Bonds

    95.42
  • Other

    0.00
  • Cash

    4.58

Currency Exposure (%)
as of 08/31/21

  • Chinese Renminbi

    95.42
  • Other/Cash

    4.58

Sector Weightings (%) as of 08/31/21

  • Sector

    % of Net Assets
  • Financials

    37.4
  • Government Activity

    17.2
  • Utilities

    9.8
  • Industrials

    9.3
  • Basic Materials

    8.7
  • Consumer Cyclicals

    5.2
  • Energy

    4.3
  • Real Estate

    2.7
  • Technology

    1.0
  • Other/Cash

    4.6

3-YR Risk Measures*
as of 08/31/21

  • Beta vs. S&P 500 Index

    0.09
  • Correlation vs. S&P 500 Index

    0.35
  • Volatility (Standard Deviation)

    4.64
  • Sharpe Ratio

    1.07

Source: VanEck, FactSet

*Beta is a measure of sensitivity to market movements. Correlation measures the extent of linear association between the ETF performance and the index performance. Volatility is the annualized standard deviation of the ETF's monthly returns. Sharpe ratio measures risk-adjusted return, and represents the ETF's return less the risk free rate divided by the standard deviation. See S&P 500 Index definition.6

Maturity (%) as of 08/31/21

 Average Portfolio Maturity: 6.44 Years