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EMLC VanEck Vectors J.P. Morgan EM Local Currency Bond ETF

  • Fund Description

    The VanEck Vectors J.P. Morgan EM Local Currency Bond ETF (EMLC®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the J.P. Morgan GBI-EMG Core Index (GBIEMCOR), which is comprised of bonds issued by emerging market governments and denominated in the local currency of the issuer.

  •  
      

    • Fund Ticker

      EMLC
    • Exchange

      NYSE Arca
    • Commencement

      07/22/2010
    • ETF Structure

      Physical
    • Administrator

      Van Eck Associates
    • Custodian

      Bank of New York Mellon
    • Index Ticker

      GBIEMCOR
    • Index Rebalancing

      Monthly
    • Preliminary NAIC
      Designation7

      2
  •  
    as of 07/22/16

    • 30-Day SEC Yield1

      5.55%
    • Total Net Assets

      $1.8B
    • Number of Holdings

      227
    • Options

      Available
    • Gross Expense Ratio2

      0.49%
    • Net Expense Ratio/TER2

      0.47%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      07/29/2016
  • Morningstar™ Ratings3
    as of 06/30/16

    Category Overall 3 Year 5 Year
    Emerging Markets Local Currency Bond
        
    4 of 88 Funds
        
    4 of 88 Funds
       
    3 of 59
  • Key Points

    • Seeks to Replicate the J.P. Morgan GBI-EMG Core Index 

    • Provides Exposure to Local Bond Markets in Emerging Economies 

    • Emerging Markets Currently Have Higher Yields than Developed Markets and Potential for Currency Appreciation
  • Yield
    as of 07/22/16

    • 30-Day SEC Yield1

      5.55%
    • Distribution Yield1

      4.56%
    • 12-Month Yield1

      5.30%
     1 See Important Disclosure for definitions.
  • Fees and Expenses2

    • Management Fee

      0.35%
    • Other Expenses

      0.14%
    • Acquired Fund Fees and Expenses

      --
    • Gross Expense Ratio

      0.49%
    • Fee Waivers and
      Expense Reimbursement

      -0.02%
    • Net Expense Ratio/TER2

      0.47%
    2Expenses for EMLC are capped contractually at 0.47% until 09/01/16. Cap excludes certain expenses, such as interest.
  • Trading Information

    • Fund Ticker

      EMLC
    • Index Total Return Ticker

      GBIEMCOR
    • NAV

      EMLCNV
    • Intraday NAV (IIV)5

      EMLCIV
    • Shares Outstanding

      98,200,000
    • Estimated Cash

      EMLCEU
    • Total Cash

      EMLCTC
    • CUSIP

      92189F494
    • ISIN

      US92189F4946
    5See IIV Details. Source: Bloomberg
  • Fundamentals4
    as of 07/21/16

    • Yield to Worst

      6.32%
    • Yield to Maturity

      6.32%
    • Effective Duration (yrs)

      4.97
    • Years to Maturity

      7.35
    • Modified Duration (yrs)

      5.00
    • Coupon

      6.29%
     4 See Important Disclosure for definitions.
  • Prices as of 07/22/16

    NAV/
    Last Price
    Volume
    30-Day Avg./
    Last Trading Day
    Daily Change
    NAV/
    Last Price
    YTD Change
    NAV/
    Last Price
    Premium/
    Discount
    Prem/Discount
    Distribution Charts
    NAV &
    Prem/Discount
    History
    NAV
    Chart
    EMLC $18.68
    $18.74
    949,172
    458,199
    -$0.06 / -0.31%
    $-0.01 / -0.05%
    +13.2%
    +13.5%
    $0.06
    0.31%
  • View All Indices » View All ETFs » Performance History: Average Annual Total Returns* (%)

    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    07/22/10
    EMLC (NAV) 5.59 2.62 13.63 1.42 -3.46 -2.38 -- 0.10
    EMLC (Share Price) 6.09 2.89 14.11 2.17 -2.86 -2.37 -- 0.17
    GBIEMCOR (Index) 5.74 2.81 13.91 2.28 -2.88 -1.65 -- 0.90
    Performance Differential (NAV - Index) -0.15 -0.19 -0.28 -0.86 -0.58 -0.73 -- -0.80
    After Tax Held 5.37 2.02 12.51 0.42 -4.64 -3.73 -- -1.30
    After Tax Sold 3.16 1.47 7.68 0.77 -3.11 -2.27 -- -0.41
    Quarter End as of 06/30/16
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    07/22/10
    EMLC (NAV) 5.59 2.62 13.63 1.42 -3.46 -2.38 -- 0.10
    EMLC (Share Price) 6.09 2.89 14.11 2.17 -2.86 -2.37 -- 0.17
    GBIEMCOR (Index) 5.74 2.81 13.91 2.28 -2.88 -1.65 -- 0.90
    Performance Differential (NAV - Index) -0.15 -0.19 -0.28 -0.86 -0.58 -0.73 -- -0.80
    After Tax Held 5.37 2.02 12.51 0.42 -4.64 -3.73 -- -1.30
    After Tax Sold 3.16 1.47 7.68 0.77 -3.11 -2.27 -- -0.41
  • Daily Holdings »Top 10 Holdings (%)as of 06/30/16

    Total Holdings: 220
    Holding Name
    Coupon
    Maturity
    Composite
    Rating
    Country
    Currency
    % of Net
    Assets
    Chile Government International Bond
    5.500
    08/05/2020
    AA-
    Chile
    CLP
    2.94
    Brazil Notas Do Tesouro Nacional Ser F
    10.000
    01/01/2021
    BB
    Brazil
    BRL
    1.72
    Brazil Letras Do Tesouro Nacional
    0.000
    07/01/2018
    BB+
    Brazil
    BRL
    1.46
    Mexican Bonos
    10.000
    12/05/2024
    A-
    Mexico
    MXN
    1.43
    Indonesia Treasury Bond
    8.375
    03/15/2024
    BBB-
    Indonesia
    IDR
    1.39
    Philippine Government International Bon
    6.250
    01/14/2036
    BBB-
    Philippines
    PHP
    1.32
    Thailand Government Bond
    3.875
    06/13/2019
    BBB+
    Thailand
    THB
    1.30
    South Africa Government Bond
    10.500
    12/21/2026
    BBB
    South Africa
    ZAR
    1.16
    South Africa Government Bond
    7.000
    02/28/2031
    BBB
    South Africa
    ZAR
    1.14
    Thailand Government Bond
    3.650
    12/17/2021
    BBB+
    Thailand
    THB
    1.12
    Top 10 Total (%)14.98

    These are not recommendations to buy or to sell any security. Securities and holdings may vary.

  • Country Weightings (%) as of 06/30/16

    • Country

      % of Net Assets
    • BRAZIL

      9.28
    • POLAND

      8.88
    • MEXICO

      8.76
    • MALAYSIA

      8.17
    • INDONESIA

      8.03
    • SUPRA-NATIONAL

      7.48
    • SOUTH AFRICA

      7.41
    • TURKEY

      7.31
    • THAILAND

      6.67
    • COLOMBIA

      6.30
    • HUNGARY

      4.73
    • RUSSIA

      4.47
    • CHILE

      2.98
    • ROMANIA

      2.95
    • PERU

      2.91
    • PHILIPPINES

      2.87
    • GERMANY

      0.49
    • Other/Cash

      0.31
  • Currency Exposure (%)
    as of 06/30/16

    • Brazilian Real

      10.93
    • Mexican Peso

      9.65
    • Polish Zloty

      9.49
    • Indonesian Rupiah

      9.32
    • Turkish Lira

      9.08
    • South African Rand

      9.01
    • Malaysian Ringgit

      8.17
    • Thai Baht

      6.67
    • Colombian Peso

      6.30
    • Hungarian Forint

      4.73
    • Russian Ruble

      4.64
    • Chilean Peso

      2.98
    • New Romanian Leu

      2.95
    • Peruvian New Sol

      2.91
    • Philippines Peso

      2.87
    • Other/Cash

      0.31
  • Sector Weightings (%) as of 06/30/16

    • Sector

      % of Net Assets
    • Government

      96.6
    • Financial

      1.0
    • Utilities

      0.8
    • Industrial

      0.5
    • Energy

      0.4
    • Consumer, Non-cyclical

      0.4
    • Other/Cash

      0.3
  • Credit Quality (%)
    as of 06/30/16

    Composite % of Net Assets
    Investment Grade AAA 5.75
    AA 2.95
    A 28.47
    BBB 34.13
    Non-Investment Grade BB 15.56
    Total Investment Grade -- 71.30
    Total Non-Investment Grade -- 15.56
    Not Rated -- 10.89
    Composite Rating: An evenly weighted blend of a security's Moody's, S&P, Fitch and DBRS ratings. Not Rated indicates that a security is rated by fewer than two of the four rating agencies. This composite is not intended to be a credit opinion.
  • Maturity (%) as of 06/30/16

    Average Portfolio Maturity: 7.34 Years