| Investment Objective: |
The VanEck China Bond ETF seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the ChinaBond China High Quality Bond Index. The Index is comprised of fi xed-rate Renminbi ( RMB )-denominated bonds issued in the People s Republic of China by Chinese credit, governmental and quasi-governmental (e.g., policy banks) issuers. ChinaBond China High Quality Bond Index (CDHATRID) comprises Fixed-rate, Renminbi ( RMB )-denominated bonds issued in the People s Republic of China ( China or the PRC ) by Chinese credit, governmental or quasi-governmental (e.g., policy banks) issuers ( RMB Bonds ). Chinese credit issuers are generally considered to be issuers of central enterprise bonds, local enterprise bonds, medium-term notes, corporate bonds and railway debt. Credit RMB Bonds must have at least one AAA rating by one of the Chinese local rating agencies recognized by the relevant authorities in the PRC to be included in the Index. |
