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About VanEck China Bond ETF
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Inception date
Nov 10, 2014
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Van Eck Associates Corp.
Distributor
Van Eck Securities Corp.
CBON is the first ETF to provide access to China-issued bonds traded on the interbank bond or exchange-traded bond markets. The fund invests in fixed-rate, CNY-denominated, investment-grade bonds with maturities of 1 month to 10 years. Chinese bonds are available to local investors, as well as qualified non-Chinese investors through a qualified foreign institutional investor status (RQFII or QFII). The fund could invest in interbank, policy bank, and government-sponsored bonds, as well as government and corporate bonds. The fund sets sector capping of 20% government, 30% agency and 50% credit sector. Within the credit sector, the fund applies a 50% limit for the industry sector (utility, financial, industrial) and an issuer cap of 4.5%. After the determining sector and issuer weights, securities are weighted in proportion to their market capitalization. The index is rebalanced monthly. Prior to May 31, 2024, the fund tracked the ChinaBond China High Quality Bond Index.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Government
Corporate
Cash
Bonds, Cash & Other100.00%
Government53.41%
Corporate34.33%
Cash12.11%
Mutual fund0.15%
Stock breakdown by region
Asia100.00%
North America0.00%
Latin America0.00%
Europe0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history