ETF Evaluator:
VanEck China Bond ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Emerging-Markets Local-Currency Bond Over the Last Year
| 10.9% | First Trust Emerging Mkts Lcl Ccy Bd ETF (FEMB) |
| 9.9% | WisdomTree Emerging Currency Strat ETF (CEW) |
| 9.8% | WisdomTree Emerging Markets Lcl Dbt ETF (ELD) |
| 9.7% | iShares JP Morgan EM Local Ccy Bd ETF (LEMB) |
| 9.1% | Emerging-Markets Local-Currency Bond () |
Risk
Index
Risk
Index
ETF Details
VanEck China Bond ETF Overview
VanEck China Bond ETF (CBON) is a passively managed Taxable Bond Emerging-Markets Local-Currency Bond exchange-traded fund (ETF). VanEck launched the ETF in 2014.
The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the FTSE Chinese Broad Bond 0-10 Years Diversified Select Index.
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. and is entirely comprised of fixed-rate, Renminbi-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. The fund is non-diversified.
About VanEck China Bond ETF (CBON)
There are 1 members of the management team with an average tenure of 11.73 years: Francis Rodilosso (2014). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: ICE BofA US Broad Market TR USD index with a weighting of 100% and FTSE Chinese Broad 0-10 Div Sel TR CNY index with a weighting of 100%. VanEck China Bond ETF has 37 securities in its portfolio. The top 10 holdings constitute 47.5% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
VanEck China Bond ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. VanEck China Bond ETF has 89.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 89.9% (0.0% domestic bond, 89.9% foreign bond and 0.0% convertible bond). VanEck China Bond ETF has 10.1% of the portfolio in cash.
Assets Under Management
The fund has $26 million in total assets, which is below the $1 billion average for the Emerging-Markets Local-Currency Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
CBON Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The VanEck China Bond ETF expense ratio is average compared to funds in the Emerging-Markets Local-Currency Bond category. VanEck China Bond ETF has an expense ratio of 0.50%, which is 4% higher than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. VanEck China Bond ETF has a portfolio turnover rate of 48%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 33% for the Emerging-Markets Local-Currency Bond category.
Recently, in the month of July 2026, VanEck China Bond ETF returned 0.6%, which earned it a grade of B, as the Emerging-Markets Local-Currency Bond category had an average return of 0.6%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
VanEck China Bond ETF has a trailing yield of 1.51%, which is below the 4.31% category average.
The fund normally distributes its income monthly.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
VanEck China Bond ETF Grades
Year to date, the ETF has returned 4.8%, 2.1 percentage points better than the category, which translates into a grade of A. The fund has returned 8.6% over the past year (grade of F), 4.5% over the past three years (grade of F) and 2.0% per year over the past five years (grade of C) and 2.8% per year over the past 10 years (grade of A).
For more ETF grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about VanEck China Bond ETF, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
CBON Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| CBON Return (NAV) | 0.6% | 1.7% | 8.6% | 4.5% | 2.0% | 2.8% |
| CBON Return (Price) | 0.6% | 2.0% | 9.6% | 4.9% | 2.1% | 2.9% |
| NAV +/- Price Return | 0.002% | -0.383% | -0.929% | -0.452% | -0.095% | -0.117% |
| Emerging-Markets Local-Currency Bond Avg | 0.6% | 1.7% | 9.1% | 5.7% | 2.2% | 2.0% |
| CBON Grade (NAV) | B | C | F | F | C | A |
| +/- Category (NAV) | -0.1% | 0.0% | -0.5% | -1.2% | -0.3% | 0.8% |
| CBON Tax-Cost Ratio | na | na | 0.6% | 0.8% | 1.0% | 1.2% |
CBON Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| CBON Return (NAV) | 4.8% | 6.1% | 1.5% | 1.0% | -6.0% | 6.1% | 11.1% | 2.6% | 1.4% | 6.9% | -6.4% |
| CBON Return (Price) | 5.6% | 5.5% | 1.9% | 2.9% | -8.0% | 5.9% | 12.0% | 2.7% | 1.9% | 7.0% | -6.4% |
| NAV +/- Price Ret | 0.169% | -0.099% | 0.253% | 2.042% | 0.326% | -0.030% | 0.084% | 4.5% | 33.1% | 0.3% | -0.7% |
| Emerging-Markets Local-Currency Bond Avg | 2.7% | 15.9% | -2.2% | 10.0% | -8.5% | -7.6% | 3.7% | 8.5% | -5.8% | 11.8% | 5.6% |
| CBON Grade (NAV) | A | F | A | F | A | A | A | F | A | F | F |
| +/- Category | 2.1% | -9.8% | 3.7% | -9.1% | 2.4% | 13.7% | 7.4% | -5.9% | 7.2% | -4.8% | -12.0% |
| Risk Measures | |
| Beta: | 0.31 |
| R-Squared: | 26% |
| Standard Deviation: | 3.4% |
| Category Risk Index: | 0.47 |
| Category Risk Rating: | Low |
| Total Risk Index: | 0.27 |
| Total Risk Rating: | Low |
| Portfolio Characteristics | |
| Yield: | 1.5% |
| Total Assets: | $ 26 Mil |
| Share Class Assets: | $ 26 Mil |
| Turnover: | 48.0% |
| Expense Ratio: | 0.50% |
| Index Fund: | Yes |
| Index Tracked: | ICE BofA US Broad Market TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 11.7 years | |||
| Average Tenure: 11.7 years | |||
| Managers (Year): Rodilosso Francis (2014) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 37 |
| % in Top 10 Holdings: | 47.5% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 89.9% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 89.9% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 10.1% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | VanEck |
| Phone Number: | 800-826-2333 |
| Website: | www.marketvectorsetfs.com |
| Inception Date: | November 10, 2014 |
Expenses and Fees
| Expense Ratio (%): | 0.50% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.48% |
