CBON bid-ask spread and liquidity

VanEck China Bond ETF
BondsVanEck$34m net assets0.50% fee
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As of Oct 22, 2026, CBON closed +0.45% from its NAV, and on 95% of the 248 days to then it was within ±0.75%.

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Ask IQ about CBON bid-ask spread and liquidity

Answers cite the figures on this page.

OverviewHoldingsDividendsTradingFlowsCompare

IQ Liquidity Score

3 of 6 measured · Oct 22, 2026
·
Not scored
0 · Hard to trade100 · Trades like a giant

The IQ Liquidity Score: a fixed 0 to 100 scale of trading conditions, the same anchors for every fund; 100 is the easiest to trade. It measures how cheaply and reliably the fund trades, not whether to own it. Method →

One dealer
Cost to trade
Not measured · the issuer's 30-day median spread is not read for this fund
·
Capacity
Not measured · its holdings are bonds, which have no volume source here
·
Price fidelity
95% of days within ±0.75% of NAV, 248 days to Oct 22, 2026
52.4
Primary market
1 active dealer of 39; largest 100% of creations and redemptions, N-CEN to Dec 31, 2025
25.0
Bad-day behaviour
Premium 0.9458× normal on the 10 worst S&P 500 days, to Oct 22, 2026
100.0
Depth
Not measured · needs trade and quote data (Phase 2)
·

Premium or discount to value

Daily, 248 days to Oct 22, 2026 · the ±1% band marked
CBON premium or discount to NAV, 248 days+1%0−1%Oct 23, 2025Oct 22, 2026
Latest close, Oct 22
+0.45%
95% of days within
±0.75%
Days more than 1% from NAV
0 of 248
Widest
+0.88%, Sep 14, 2026

Close against the NAV its issuer struck the same day, from the issuer. Source: ETFIQ. Its holdings trade on markets that close before New York, so its closing premium carries the move since then.

Capacity

What the holdings can absorb a day

Not measured: its holdings are bonds, which have no volume source here.

Dealers

Authorized participants · N-CEN, the year to Dec 31, 2025
Active dealers
1
of 39 authorized
Largest
100%
of creations and redemptions
One dealer
Yes
1 active

1 of 39 authorized participants created or redeemed CBON shares in the year to Dec 31, 2025. From the fund’s Form N-CEN, filed Mar 13, 2026.

The active authorized participants, largest first, by share of the dollars created and redeemed: Jane Street Capital, LLC (100.0%). 38 more were listed and created or redeemed nothing.

How to trade CBON

To buy or to sell, up to $100,000
When
Its holdings trade on markets that close before New York, so its price can drift from their value later in the day.
Watch
The premium. On 95% of days it is within ±0.75%; beyond that a buyer pays more, and a seller gets less, than the holdings are worth.
Phase 2 · drawn now, filled when trade data arrives
Spread through the dayComing with trade data

Median spread by half hour, 30 days.

Buyers against sellersComing with trade data

Share of volume at the ask against at the bid.

Retail flow, estimatedComing with trade data

Sub-penny prints as a share of volume.

Large tradesComing with trade data

Prints above $500k, count and share.

Closing auctionComing with trade data

Share of the day’s volume at the close.

Questions people ask

Does CBON trade at a premium or discount to NAV?

It closed +0.45% from its NAV on Oct 22, 2026. On 95% of the 248 days to then it was within ±0.75%, and it closed more than 1% from NAV on 0 of them.

Who is the AP for CBON?

CBON’s latest Form N-CEN, for the period ending Dec 31, 2025, lists 39 authorized participants (APs), and 1 created or redeemed shares. The only active AP was Jane Street Capital, LLC.

Who is the LMM for CBON?

CBON’s lead market maker (LMM) on NYSE Arca is Jane Street Capital, LLC. Lead market maker per NYSE Arca, as of Oct 23, 2026.
Sources and dates
Premium to NAVETFIQ, close against the issuer’s NAV · Oct 23, 2025 to Oct 22, 2026
DealersForm N-CEN · the year to Dec 31, 2025
Where to next
ETF trading costs and liquidity→Cost-to-trade checker→Why low volume does not mean illiquidguide →Limit orders vs market orders for ETFsguide →How the IQ Liquidity Score is builtmethod →CBON fund page→
Cite this pageCitation, APA and Markdown

ETFIQ, CBON trading: cost, capacity, premium and dealers, data as of Oct 22, 2026. https://etfiq.com/funds/cbon/trading/

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The score measures trading conditions, not the fund. ETFIQ makes no recommendations.