NPORT-EX 2 NPORT_VVCK_92804695_0722.htm

VANECK CHINA BOND ETF

SCHEDULE OF INVESTMENTS

July 31, 2022 (unaudited)

 

      Par 
(000’s		 )  Value  
CORPORATE BONDS: 55.3%             
Basic Materials: 9.4%             
Anshan Iron And Steel Group Co. Ltd.

4.28% (ChinaBond Government Security Yield Curve 3Y YTM+4.81%), 07/30/23 (o) (s)

  CNY  13,000    $1,957,935 
ChemChina Petrochemical Co. Ltd.

4.00%, 11/06/24

  CNY  20,000     2,978,258 
Guangdong Guangxin Holdings Group Ltd.

3.37%, 03/11/25

  CNY  20,000     3,002,272 
Taiyuan Iron & Steel Group Co. Ltd.

3.88%, 08/13/24

  CNY  10,000     1,518,560 
Zijin Mining Group Co. Ltd.

3.51%, 02/21/25

  CNY  10,000     1,507,837 
            10,964,862 
Consumer Cyclicals: 1.4%             
Beijing Infrastructure Investment Co. Ltd.

3.09%, 09/01/24

  CNY  6,000     899,015 
Beijing Tourism Group Co. Ltd.

3.95%, 08/02/26

  CNY  4,900     742,879 
            1,641,894 
Energy: 3.0%             
PetroChina Co. Ltd.

3.50%, 01/19/26

  CNY  3,490     529,621 
Yankuang Energy Group Co. Ltd.

3.43%, 03/12/25

  CNY  20,000     3,008,684 
            3,538,305 
Financials: 21.2%             
Beijing Automotive Group Co. Ltd.

4.48%, 10/19/23

  CNY  9,600     1,449,856 
Beijing Haidian State-Owned Assets Operation Co. Ltd.

3.70%, 10/24/24

  CNY  15,000     2,229,111 
Beijing State-Owned Capital Operation Management Co. Ltd.

3.85%, 01/14/24

  CNY  15,000     2,270,080 
China Cinda Asset Management Co. Ltd.

4.75%, 04/14/27

  CNY  20,000     3,152,171 
China Development Bank             
3.39%, 02/03/27  CNY  20,904     3,189,525 
3.87%, 08/01/23  CNY  20,709     3,126,213 
4.59%, 08/01/38  CNY  20,301     3,476,805 
Chongqing Longhu Development Co. Ltd.             
3.45%, 08/02/23  CNY  5,000     739,330 
3.75%, 03/21/23  CNY  1,600     237,259 
4.44%, 01/25/24  CNY  8,000     1,196,278 
Cinda Investment Co. Ltd. 4.30%, 12/22/23  CNY  1,500     223,854 
      Par 
(000’s		)   Value  
Financials (continued)             
CITIC Securities Co. Ltd.

3.78%, 09/10/24

  CNY  3,000    $456,503 
Guangzhou Asset Management Co. Ltd.

3.79%, 01/22/24

  CNY  15,000     2,260,351 
Guotai Junan Securities Co. Ltd.

3.31%, 05/21/24

  CNY  200     30,122 
Qingdao Conson Development Group Co. Ltd.

3.55%, 01/09/25

  CNY  5,000     745,498 
            24,782,956 
Industrials: 10.1%             
China Railway Group Ltd.

3.99%, 07/16/24

  CNY  5,000     762,339 
China State Railway Group Co. Ltd.

3.45%, 07/25/24

  CNY  15,000     2,267,841 
Guangzhou Metro Group Co. Ltd.

6.05%, 06/03/24 #

  CNY  900     139,298 
Hubei Provincial Communications Investment Group Co. Ltd.

6.68%, 03/27/24

  CNY  3,500     554,109 
Jiangxi Ganyue Expressway Co. Ltd.

6.09%, 08/11/24

  CNY  2,100     333,182 
Nanjing Yangzi State-Owned Investment Group Co. Ltd.

3.63%, 10/21/24

  CNY  12,000     1,784,263 
Shandong Hi-Speed Group Co. Ltd.

4.00%, 10/21/24

  CNY  17,000     2,595,085 
Shanghai Pudong Development Group Co. Ltd.

3.52%, 04/21/26

  CNY  10,000     1,508,910 
Sichuan Development Holding Co. Ltd.             
4.30%, 03/26/24  CNY  5,000     762,792 
4.55%, 08/06/25  CNY  5,000     779,545 
Tianjin Infrastructure Construction & Investment Group Co. Ltd.

5.70%, 02/26/23 #

  CNY  135     19,899 
Wuhan Metro Group Co. Ltd.

3.55%, 04/14/30

  CNY  2,000     302,124 
            11,809,387 
Real Estate: 4.5%             
Beijing Public Housing Center Co. Ltd.

3.19%, 04/16/40

  CNY  15,000     2,249,882 
China Fortune Land Development Co. Ltd.             
5.50%, 10/22/22 (d) *  CNY  1,000     36,844 
7.00%, 03/03/21 (d) *  CNY  1,000     37,207 
China Vanke Co. Ltd.

3.55%, 09/26/24

  CNY  10,000     1,484,549 


1

VANECK CHINA BOND ETF

SCHEDULE OF INVESTMENTS

(unaudited) (continued)

 

      Par 
(000’s		 )  Value  
Real Estate (continued)             
COFCO Commercial Property Investment Co. Ltd.

3.94%, 01/25/25

  CNY  10,000    $1,498,266 
            5,306,748 
Technology: 0.3%             
Beijing State-Owned Assets Management Co. Ltd.

5.90%, 06/25/24

  CNY  2,052     323,391 
Utilities: 5.4%             
China Huaneng Group Co. Ltd.

3.55% (ChinaBond Government Security Yield Curve 5Y YTM+3.56%), 03/09/25 (o) (s)

  CNY  15,000     2,265,938 
China Southern Power Grid Co. Ltd.

5.90%, 03/19/24

  CNY  900     140,839 
China Yangtze Power Co. Ltd.

3.35%, 10/17/26

  CNY  1,500     225,435 
Guangdong Hengjian Investment Holding Co. Ltd.

3.84%, 08/07/24

  CNY  5,000     759,519 
      Par 
(000’s		 )  Value  
Utilities (continued)             
Guangzhou Development District Holding Group Co. Ltd.

4.75%, 07/23/23

  CNY  4,000    $598,988 
Shandong Luxin Investment Holdings Group Co. Ltd.

3.85%, 01/07/26

  CNY  10,000     1,510,520 
State Power Investment Corp. Ltd.

4.20%, 11/20/23

  CNY  4,995     758,448 
            6,259,687 
Total Corporate Bonds
(Cost: $66,285,042)		     64,627,230 
              
GOVERNMENT OBLIGATIONS: 2.5%       
China Government Bond             
2.90%, 05/05/26  CNY  846     127,327 
3.27%, 08/22/46  CNY  500     2,727,129 
Total Government Obligations
(Cost: $2,671,845)		        2,854,456 
Total Investments: 57.8%
(Cost: $68,956,887)		        67,481,686 
Other assets less liabilities: 42.2%     49,309,725 
NET ASSETS: 100.0%          $116,791,411 


 

 

 

Definitions:
CNY Chinese Yuan

 

Footnotes:
(o) Perpetual Maturity — the date shown is the next call date
(s) The rate shown reflects the rate in effect at the end of the reporting period. Coupon adjusts periodically based upon a predetermined schedule
# Security has been valued in good faith pursuant to guidelines established by the Board of Trustees. The aggregate value of fair valued securities is $159,197 which represents 0.1% of net assets.
(d) Security in default
* Non-income producing

 

Summary of Investments by Sector  % of
Investments		  Value  
Basic Materials         16.3%        $10,964,862 
Consumer Cyclicals   2.4    1,641,894 
Energy   5.2    3,538,305 
Financials   36.7    24,782,956 
Government Activity   4.2    2,854,456 
Industrials   17.5    11,809,387 
Real Estate   7.9    5,306,748 
Technology   0.5    323,391 
Utilities   9.3    6,259,687 
    100.0%  $67,481,686 
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