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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 07/27/16

    • 30-Day SEC Yield1

      5.62%
    • 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
  • Index Key Points

    The J.P. Morgan GBI-EMG Core Index (GBIEMCOR) comprises: 

    Local currency bonds issued by emerging market governments.

    Market-cap weighted:
    Country Max: 10%; Min: 3%  

    Index Provider: J.P. Morgan

  • Index Profile

    • Ticker

      GBIEMCOR
    • Inception Date

      07/22/2010
    • Rebalance Frequency

      Monthly
  • Index Fundamentals4
    as of 07/26/16

    • Yield to Worst

      6.09%
    • Yield to Maturity

      6.09%
    • Effective Duration (yrs)

      4.99
    • Years to Maturity

      7.38
    • Modified Duration (yrs)

      5.03
    • Coupon

      6.21%
     4 See Important Disclosure for definitions.
  • Top 10 Constituents (%)as of 06/30/16

    Total Constituents: 193
    Constituent Name
    Coupon
    MaturityWeighting (%)
    Republic Of Chile
    5.500
    08/05/2020
    3.00
    Republic Of South Africa
    10.500
    12/21/2026
    1.54
    Nota Do Tesouro Nacional
    10.000
    01/01/2021
    1.48
    Titulos De Tesoreria B
    10.000
    07/24/2024
    1.44
    Republic Of Philippines
    6.250
    01/14/2036
    1.34
    Indonesia Government
    8.375
    03/15/2024
    1.26
    Letra Tesouro Nacional
    0.000
    01/01/2019
    1.22
    Mex Bonos Desarr Fix Rt
    10.000
    12/05/2024
    1.20
    Thailand Government Bond
    3.650
    12/17/2021
    1.18
    Nota Do Tesouro Nacional
    10.000
    01/01/2023
    1.14
    Top 10 Total (%)14.80
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.
  • Index Country Weightings (%) as of 06/30/16

    • Country

      % of Net Assets
    • BRAZIL

      10.00
    • MEXICO

      10.00
    • INDONESIA

      9.48
    • POLAND

      9.19
    • SOUTH AFRICA

      8.80
    • TURKEY

      8.41
    • MALAYSIA

      8.05
    • THAILAND

      6.63
    • COLOMBIA

      6.34
    • RUSSIA

      4.94
    • HUNGARY

      4.64
    • PERU

      3.00
    • PHILIPPINES

      3.00
    • CHILE

      3.00
    • ROMANIA

      3.00
    • NA / UNDEFINED

      1.35
    • OTHERS

      0.00
  • Sector Weightings (%) as of 06/30/16

    • Sector

      % of Net Assets
    • Government

      99.8
    • OTHERS

      0.0
  • Index Credit Quality (%)
    as of 06/30/16

    Composite % of Net Assets
    Investment Grade AA 3.00
    A 29.59
    BBB 38.29
    Non-Investment Grade BB 15.41
    Total Investment Grade -- 70.88
    Total Non-Investment Grade -- 15.41
    Not Rated -- 13.72
    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 Maturity: 7.43 Years