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EMAG
VanEck Vectors Emerging Markets Aggregate Bond ETF

Fund Description

The VanEck Vectors® Emerging Markets Aggregate Bond ETF (EMAG®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS® EM Aggregate Bond Index (MVEMAG), which is comprised of sovereign bonds and corporate bonds denominated in U.S. dollars, Euros or local emerging markets currencies, and includes both investment grade and below investment grade rated securities.

 
 

  • Fund Ticker

    EMAG

  • Exchange

    NYSE Arca

  • ETF Structure

    Physical

  • Administrator

    Van Eck Associates

  • Custodian

    State Street Bank and Trust Company

  • Index Ticker

    MVEMAG

†Effective December 10, 2013, VanEck Vectors® LatAm Aggregate Bond ETF (BONO) changed its underlying index and changed its name to VanEck Vectors Emerging Markets Aggregate Bond ETF (EMAG). See details below.

 
as of 09/25/20

  • 30-Day SEC Yield1

    3.19%

  • Total Net Assets

    $15.5M

  • Number of Holdings

    317

  • Options

    Expected

  • Gross Expense Ratio2

    1.49%

  • Net Expense Ratio/TER2

    0.35%

  • Distribution Frequency

    Monthly

Index Key Points

MVIS EM Aggregate Bond Index (MVEMAG) is comprised of:

Sovereign and corporate bonds denominated in U.S. dollars, Euros, and local emerging markets currencies.

Index Weighting:
Index constituents are capitalization-weighted, based on their current amount outstanding.

Index Provider: MV Index Solutions

Inception Date: 09/19/2013§   


§Effective December 10, 2013, Market Vectors® LatAm Aggregate Bond ETF (BONO) changed its underlying index and changed its name to VanEck Vectors Emerging Markets Aggregate Bond ETF (EMAG). Index data prior to December 9, 2013 reflects that of the BofA Merrill Lynch Broad Latin America Bond Index (LATS). From December 10, 2013, forward, the index data reflects that of the MVIS EM Aggregate Bond Index (MVEMAG). All Index history reflects a blend of the performance of the aforementioned Indexes AND IS NOT INTENDED FOR ANY THIRD PARTY USE. LATS is a trademark of Merrill Lynch, Pierce, Fenner & Smith Incorporation neither sponsors nor endorses EMAG and makes no warranty or representation as to the accuracy and/or completeness of this Index.

Index Profile

  • Ticker

    MVEMAG

  • Inception Date

    09/19/2013

  • Rebalance Frequency

    Monthly

Index Fundamentals3
as of 09/25/20

  • Yield to Worst

    4.03%

  • Yield to Maturity

    4.08%

  • Effective Duration (yrs)

    6.23

  • Years to Maturity

    10.00

  • Modified Duration (yrs)

    6.22

  • Coupon

    5.24%

 3 See Important Disclosure for definitions.

Top 10 Constituents (%) as of 08/31/20

Total Constituents: 3,398
Swipe
to view
full data
Constituent Name
Coupon
Maturity Weighting (%)
Nota Do Tesouro Nacional
10.000
01/01/2023
0.63
Nota Do Tesouro Nacional
10.000
01/01/2025
0.55
Republic Of South Africa
10.500
12/21/2026
0.49
Letra Tesouro Nacional
0.000
07/01/2023
0.41
Nota Do Tesouro Nacional
10.000
01/01/2027
0.40
Mex Bonos Desarr Fix Rt
8.500
05/31/2029
0.37
Mex Bonos Desarr Fix Rt
7.500
06/03/2027
0.36
Mex Bonos Desarr Fix Rt
10.000
12/05/2024
0.35
Mex Bonos Desarr Fix Rt
6.500
06/09/2022
0.33
Republic Of South Africa
8.000
01/31/2030
0.31
Top 10 Total (%) 4.20
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Index Country Weightings (%) as of 08/31/20

  • Country

    % of Net Assets
  • ■

    Mexico

    9.43
  • ■

    Brazil

    8.18
  • ■

    Indonesia

    7.04
  • ■

    Russia

    6.23
  • ■

    Malaysia

    4.93
  • ■

    Thailand

    4.42
  • ■

    China

    4.26
  • ■

    South Africa

    3.84
  • ■

    Uae

    3.78
  • ■

    Israel

    3.38
  • ■

    Turkey

    3.32
  • ■

    Poland

    3.22
  • ■

    Hong Kong

    3.17
  • ■

    Colombia

    3.15
  • ■

    Saudi Arabia

    3.05
  • ■

    Chile

    2.84
  • ■

    Peru

    2.49
  • ■

    India

    2.22
  • ■

    Romania

    2.06
  • ■

    Qatar

    1.93
  • ■

    OTHERS

    17.05

Index Sector Weightings (%) as of 08/31/20

  • Sector

    % of Net Assets
  • ■

    Government

    61.3
  • ■

    Financial

    12.6
  • ■

    Energy

    8.4
  • ■

    Basic Materials

    4.5
  • ■

    Utilities

    4.0
  • ■

    Consumer, Non-cyclical

    2.7
  • ■

    Communications

    2.3
  • ■

    Industrial

    1.9
  • ■

    Consumer, Cyclical

    0.9
  • ■

    Financial

    0.6
  • ■

    OTHERS

    0.9

Index Credit Quality (%) as of 08/31/20

Composite % of Net Assets
Investment Grade AA 3.73
A 13.64
BBB 32.69
Non-Investment Grade BB 18.55
B 8.35
CCC 1.14
CC 0.11
C 0.01
DDD 0.05
Total Investment Grade -- 50.07
Total Non-Investment Grade -- 28.20
Not Rated -- 21.73
Source: Bloomberg. Rating is a proprietary composite of various rating agencies. A bond must be rated by two or more rating agencies to receive a composite rating; otherwise it is classified as Not Rated.

Maturity (%) as of 08/31/20

 Average Maturity: 10.07 Years