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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 05/27/16

    • 30-Day SEC Yield1

      5.97%
    • Total Net Assets

      $1.5B
    • Number of Holdings

      221
    • Options

      Available
    • Gross Expense Ratio2

      0.49%
    • Net Expense Ratio/TER2

      0.47%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      06/30/2016
  • 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 05/27/16

    • 30-Day SEC Yield1

      5.97%
    • Distribution Yield1

      5.96%
    • 12-Month Yield1

      5.64%
     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

      82,000,000
    • Estimated Cash

      EMLCEU
    • Total Cash

      EMLCTC
    • CUSIP

      92189F494
    • ISIN

      US92189F4946
    5See IIV Details. Source: Bloomberg
  • Fundamentals4
    as of 05/27/16

    • Yield to Worst

      6.50%
    • Yield to Maturity

      6.52%
    • Effective Duration (yrs)

      4.79
    • Years to Maturity

      7.02
    • Modified Duration (yrs)

      4.81
    • Coupon

      6.27%
     4 See Important Disclosure for definitions.
  • Prices as of 05/27/16

    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 $17.93
    $17.91
    755,563
    302,765
    -$0.04 / -0.22%
    $-0.06 / -0.33%
    +7.9%
    +7.7%
    $-0.02
    -0.10%
  • 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) 2.51 12.94 13.50 -2.47 -6.95 -2.49 -- 0.09
    EMLC (Share Price) 2.34 13.08 13.50 -2.42 -6.97 -2.61 -- 0.08
    GBIEMCOR (Index) 2.60 13.46 13.68 -1.63 -6.41 -1.77 -- 0.89
    Performance Differential (NAV - Index) -0.09 -0.52 -0.18 -0.84 -0.54 -0.72 -- -0.80
    After Tax Held 2.33 12.30 12.86 -3.02 -8.02 -3.82 -- -1.29
    After Tax Sold 1.42 7.30 7.62 -1.42 -5.64 -2.33 -- -0.40
    Quarter End as of 03/31/16
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    07/22/10
    EMLC (NAV) 8.73 10.73 10.73 -2.10 -6.81 -2.13 -- -0.35
    EMLC (Share Price) 8.65 10.91 10.91 -2.23 -6.84 -2.25 -- -0.32
    GBIEMCOR (Index) 8.97 10.80 10.80 -1.32 -6.21 -1.39 -- 0.45
    Performance Differential (NAV - Index) -0.24 -0.07 -0.07 -0.78 -0.60 -0.74 -- -0.80
    After Tax Held 8.54 10.29 10.29 -2.49 -7.92 -3.46 -- -1.70
    After Tax Sold 4.94 6.05 6.05 -1.21 -5.54 -2.05 -- -0.71
  • Daily Holdings »Top 10 Holdings (%)as of 04/30/16

    Total Holdings: 218
    Holding Name
    Coupon
    Maturity
    Composite
    Rating
    Country
    Currency
    % of Net
    Assets
    Chile Government International Bond
    5.500
    08/05/2020
    AA-
    Chile
    CLP
    2.96
    Brazil Notas Do Tesouro Nacional Ser F
    10.000
    01/01/2021
    BB
    Brazil
    BRL
    1.75
    Brazil Letras Do Tesouro Nacional
    0.000
    07/01/2018
    BB+
    Brazil
    BRL
    1.50
    Indonesia Treasury Bond
    8.375
    03/15/2024
    BBB-
    Indonesia
    IDR
    1.48
    South Africa Government Bond
    7.000
    02/28/2031
    BBB
    South Africa
    ZAR
    1.35
    Thailand Government Bond
    3.650
    12/17/2021
    BBB+
    Thailand
    THB
    1.31
    Thailand Government Bond
    3.875
    06/13/2019
    BBB+
    Thailand
    THB
    1.30
    Philippine Government International Bon
    6.250
    01/14/2036
    BBB-
    Philippines
    PHP
    1.28
    Mexican Bonos
    10.000
    12/05/2024
    A-
    Mexico
    MXN
    1.22
    South Africa Government Bond
    10.500
    12/21/2026
    BBB
    South Africa
    ZAR
    1.18
    Top 10 Total (%)15.33

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

  • Country Weightings (%) as of 04/30/16

    • Country

      % of Net Assets
    • POLAND

      9.19
    • MEXICO

      8.87
    • BRAZIL

      8.36
    • MALAYSIA

      8.22
    • SUPRA-NATIONAL

      8.21
    • INDONESIA

      7.83
    • THAILAND

      7.32
    • SOUTH AFRICA

      6.36
    • COLOMBIA

      5.84
    • TURKEY

      5.22
    • HUNGARY

      4.83
    • RUSSIA

      4.38
    • ROMANIA

      3.26
    • PERU

      3.00
    • PHILIPPINES

      2.99
    • CHILE

      2.96
    • GERMANY

      0.59
    • Other/Cash

      2.58
  • Currency Exposure (%)
    as of 04/30/16

    • Brazilian Real

      10.01
    • Mexican Peso

      9.97
    • Polish Zloty

      9.92
    • Indonesian Rupiah

      9.21
    • South African Rand

      8.23
    • Malaysian Ringgit

      8.22
    • Thai Baht

      7.32
    • Turkish Lira

      7.08
    • Colombian Peso

      5.84
    • Hungarian Forint

      4.83
    • Russian Ruble

      4.57
    • New Romanian Leu

      3.26
    • Peruvian New Sol

      3.00
    • Philippines Peso

      2.99
    • Chilean Peso

      2.96
    • Other/Cash

      2.58
  • Sector Weightings (%) as of 04/30/16

    • Sector

      % of Net Assets
    • Government

      93.7
    • Financial

      1.2
    • Utilities

      1.0
    • Industrial

      0.6
    • Energy

      0.5
    • Consumer, Non-cyclical

      0.4
    • Other/Cash

      2.6
  • Credit Quality (%)
    as of 04/30/16

    Composite % of Net Assets
    Investment Grade AAA 6.61
    AA 3.06
    A 29.66
    BBB 32.25
    Non-Investment Grade BB 16.25
    Total Investment Grade -- 71.58
    Total Non-Investment Grade -- 16.25
    Not Rated -- 9.53
    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 04/30/16

    Average Portfolio Maturity: 7.07 Years