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Name

As of 07/24/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

VanEck China Bond ETF

CBON | ETF

$21.96

$24.1 M

1.88%

$0.41

0.51%

Vitals

YTD Return

0.5%

1 yr return

2.3%

3 Yr Avg Return

-0.5%

5 Yr Avg Return

2.5%

Net Assets

$24.1 M

Holdings in Top 10

50.4%

52 WEEK LOW AND HIGH

$21.9
$21.30
$22.10

Expenses

OPERATING FEES

Expense Ratio 0.51%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 07/24/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

VanEck China Bond ETF

CBON | ETF

$21.96

$24.1 M

1.88%

$0.41

0.51%

CBON - Profile

Distributions

  • YTD Total Return 0.5%
  • 3 Yr Annualized Total Return -0.5%
  • 5 Yr Annualized Total Return 2.5%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.07%
DIVIDENDS
  • Dividend Yield 1.9%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    VanEck China Bond ETF
  • Fund Family Name
    VANECKFUND
  • Inception Date
    Nov 10, 2014
  • Shares Outstanding
    5100000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Francis Rodilosso

Fund Description

The Fund normally invests at least 80% of its total assets in securities that comprise the Fund’s benchmark index. The Index is calculated by FTSE Russell Ltd., (the “Index Provider”), and is entirely comprised of fixed-rate, Renminbi (“RMB”)-denominated bonds issued in the People’s Republic of China (“China” or the “PRC”) by Chinese credit, governmental and quasi-governmental (e.g., policy banks) issuers (“RMB Bonds”) with a maturity of 0-10 years. Credit RMB Bonds must have an “investment grade” rating by Standard & Poor’s or Moody’s Investors Service to be included in the Index. With respect to governmental bonds, which
do not have a credit rating requirement, the Index Provider selects sovereign bonds issued by the PRC. With respect to quasi-governmental bonds, which do not have a credit rating requirement, the Index Provider currently selects policy bank bonds issued by China Development Bank, the Agricultural Development Bank of China, and the Export-Import Bank of China, which are state-owned banks responsible for financing economic and trade development and state invested projects. As of April 30, 2024, the Index was comprised of 476 bonds of 52 issuers. The Fund’s 80% investment policy is non-fundamental and may be changed without shareholder approval upon 60 days’ prior written notice to shareholders.
The Fund, using a “passive” or indexing investment approach, attempts to approximate the investment performance of the Index. Unlike many investment companies that try to “beat” the performance of a benchmark index, the Fund does not try to “beat” the Index and does not take temporary defensive positions that are inconsistent with its investment objective of seeking to replicate the Index. Because of the practical difficulties and expense of purchasing all of the securities in the Index, the Fund does not purchase all of the securities in the Index. Instead, the Adviser utilizes a “sampling” methodology in seeking to achieve the Fund’s objective. As such, the Fund may purchase a subset of the bonds in the Index in an effort to hold a portfolio of bonds with generally the same risk and return characteristics of the Index.
The Fund seeks to achieve its investment objective by primarily investing in RMB Bonds through Bond Connect.
The Fund is classified as a non-diversified fund and, therefore, may invest a greater percentage of its assets in a particular issuer. The Fund may concentrate its investments in a particular industry or group of industries to the extent that the Index concentrates in an industry or group of industries. As of April 30, 2024, each of the financials and government sectors represented a significant portion of the Fund.
Read More

CBON - Performance

Return Ranking - Trailing

Period CBON Return Category Return Low Category Return High Rank in Category (%)
YTD 0.5% -5.2% 9.7% 72.48%
1 Yr 2.3% -6.2% 19.3% 79.19%
3 Yr -0.5%* -13.9% 4.8% 21.95%
5 Yr 2.5%* -9.7% 5.8% 5.45%
10 Yr N/A* -6.4% 4.9% 10.06%

* Annualized

Return Ranking - Calendar

Period CBON Return Category Return Low Category Return High Rank in Category (%)
2023 -0.2% -10.6% 17.8% 96.64%
2022 -10.3% -29.1% -2.4% 5.56%
2021 2.7% -24.0% 2.7% 0.35%
2020 8.6% -14.0% 9.7% 2.55%
2019 -1.2% -6.4% 13.0% 97.42%

Total Return Ranking - Trailing

Period CBON Return Category Return Low Category Return High Rank in Category (%)
YTD 0.5% -5.2% 9.7% 72.48%
1 Yr 2.3% -6.2% 19.3% 79.19%
3 Yr -0.5%* -13.9% 4.8% 21.95%
5 Yr 2.5%* -9.7% 5.8% 5.45%
10 Yr N/A* -6.4% 4.9% N/A

* Annualized

Total Return Ranking - Calendar

Period CBON Return Category Return Low Category Return High Rank in Category (%)
2023 2.9% -0.6% 20.0% 98.32%
2022 -8.0% -27.6% -1.7% 7.64%
2021 5.9% -18.5% 7.4% 2.11%
2020 12.0% -7.8% 18.0% 2.55%
2019 2.7% -3.0% 23.0% 97.42%

CBON - Holdings

Concentration Analysis

CBON Category Low Category High CBON % Rank
Net Assets 24.1 M 565 K 14.8 B 90.94%
Number of Holdings 46 4 1779 96.31%
Net Assets in Top 10 12.2 M -134 M 1.32 B 73.49%
Weighting of Top 10 50.44% 5.6% 102.0% 4.75%

Top 10 Holdings

  1. China State Railway Group Co Ltd 5.86%
  2. China Petroleum Chemical Corp 5.82%
  3. State Grid Corp of China 5.81%
  4. State Power Investment Corp Ltd 5.78%
  5. China Southern Power Grid Co Ltd 5.77%
  6. China Chengtong Holdings Group Ltd 5.76%
  7. China Reform Holdings Corp Ltd 5.74%
  8. China National Petroleum Corp 3.52%
  9. Central Huijin Investment Ltd 3.47%
  10. China Development Bank 2.90%

Asset Allocation

Weighting Return Low Return High CBON % Rank
Bonds 		96.77% 0.00% 105.14% 28.19%
Cash 		3.23% 0.00% 25.03% 61.07%
Stocks 		0.00% -0.01% 95.82% 96.31%
Preferred Stocks 		0.00% 0.00% 3.04% 95.30%
Other 		0.00% -10.19% 87.32% 65.77%
Convertible Bonds 		0.00% 0.00% 8.47% 97.63%

CBON - Expenses

Operational Fees

CBON Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.51% 0.02% 32.92% 94.61%
Management Fee 0.40% 0.00% 1.10% 4.36%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.02% 0.65% N/A

Sales Fees

CBON Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.75% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

CBON Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.75% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

CBON Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 218.00% 7.92%

CBON - Distributions

Dividend Yield Analysis

CBON Category Low Category High CBON % Rank
Dividend Yield 1.88% 0.00% 22.22% 91.95%

Dividend Distribution Analysis

CBON Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

CBON Category Low Category High CBON % Rank
Net Income Ratio 3.07% -2.28% 8.00% 90.03%

Capital Gain Distribution Analysis

CBON Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

CBON - Fund Manager Analysis

Managers

Francis Rodilosso

Start Date

Tenure

Tenure Rank

Nov 10, 2014

7.56

7.6%

Mr. Rodilosso joined VanEck in 2012. He serves as Head of Fixed Income ETF Portfolio Management and is responsible for portfolio strategy, credit, and market analysis. Prior to joining VanEck, Mr. Rodilosso served as Managing Director of Global Emerging Markets with The Seaport Group where he launched the firm’s emerging markets fixed income sales and trading business. Mr. Rodilosso’s earlier career experience includes portfolio management positions at Greylock Capital and Soundbrook Capital where he focused on corporate high-yield and distressed situations, with an emphasis on emerging markets. He also held senior fixed income trading positions at Credit Lyonnais and HSBC. Mr. Rodilosso is a CFA Charterholder and a member of the CFA Society New York. He received an MBA from the Wharton School of the University of Pennsylvania and a BA from Princeton University.

Cai Jing

Start Date

Tenure

Tenure Rank

Jun 20, 2017

4.95

5.0%

Ms. Jing joined China Asset Management (Hong Kong) Limited as a manager in February 2016. Prior to joining the firm, Ms. Jing mainly focused on the global bond market as a portfolio manager at each of the following: Bank of China (2002 to 2013), Cantor Fitzgerald (Hong Kong) Capital Markets Limited (2013) and ICBC Asia (2013 to 2015).

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 23.87 6.48 6.11

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