CBON Fees and Costs — VanEck China Bond ETF
Data updated: 2026-08-26
The net expense ratio is 0.50%: a 0.40% management fee plus 0.51% other expenses, less a 0.41% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 48%.
CBON Fees and Expenses
Annual operating expenses and sales charges of CBON. Prospectus, as of May 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | — |
| Other expenses | 0.51% |
| Gross expense ratio | 0.91% |
| Fee waiver | −0.41% |
| Net expense ratio | 0.50% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
CBON Costs Over Time
On $10,000 invested in CBON, assuming 5% a year before costs, total costs come to $316 over 5 years, cutting the return by 0.52% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.50%) | $52 | $165 | $287 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $52 | $173 | $316 |
| Value after costs | $10,448 | $11,403 | $12,447 |
| Impact on return, per year | 0.52% | 0.52% | 0.52% |
CBON Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $24.2M
- Portfolio turnover (prospectus): 48%
- Securities lending: none during the year
CBON Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Standard Chartered Securities (North America) LLC | $4.5M | 18.52% |
| Alisa Pankki Oyj | $4.0M | 16.42% |
| HSBC Securities (USA) Inc. | $3.6M | 14.70% |
| CITIC Securities International USA, LLC | $3.5M | 14.35% |
| Deutsche Bank Securities Inc. | $2.3M | 9.66% |
| BNP Paribas Securities Corp. | $1.9M | 7.82% |
| Agricultural Bank of China Limited | $1.8M | 7.27% |
| Industrial and Commercial Bank of China Financial Services LLC | $1.2M | 5.13% |
| BofA Securities, Inc. | $744K | 3.07% |
| Citigroup Global Markets Inc. | $738K | 3.05% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.