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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
  • Commencement

    05/11/2011
  • ETF Structure

    Physical
  • Administrator

    Van Eck Associates
  • Custodian

    Bank of New York Mellon
  • Index Ticker

    MVEMAG
  • Commencement Date

    05/11/2011

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 07/22/19

  • 30-Day SEC Yield1

    4.25%
  • Total Net Assets

    $15.1M
  • Number of Holdings

    296
  • Options

    Expected
  • Gross Expense Ratio2

    1.12%
  • Net Expense Ratio/TER2

    0.35%
  • Distribution Frequency

    Monthly
  • Next Distribution Date

    07/31/2019

Key Points

  • Single trade access to the comprehensive universe of emerging markets bonds

  • Diversified by currency, sector, country and credit quality

  • Blended strategy provides exposure to the higher yield potential of local rates, while limiting the volatility associated with emerging markets currencies

Yield
as of 07/22/19

  • 30-Day SEC Yield1

    4.25%
  • Distribution Yield1

    4.27%
  • 12-Month Yield1

    4.73%
 1 See Important Disclosure for definitions.

Fees & Expenses2

  • Management Fee

    0.35%
  • Other Expenses

    0.77%
  • Acquired Fund Fees and Expenses

    --
  • Gross Expense Ratio

    1.12%
  • Fee Waivers and
    Expense Reimbursement

    -0.77%
  • Net Expense Ratio/TER2

    0.35%
2Expenses for EMAG are capped contractually at 0.35% until September 1, 2019. Cap excludes acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses.

Trading Information

  • Fund Ticker

    EMAG
  • Index Total Return Ticker

    MVEMAG
  • NAV

    EMAGNV
  • Intraday NAV (IIV)5

    EMAGIV
  • Shares Outstanding

    700,000
  • Estimated Cash

    EMAGEU
  • Total Cash

    EMAGTC
  • CUSIP

    92189F478
  • ISIN

    US92189F4789
5See IIV Details. Source: Bloomberg

Fundamentals4
as of 07/19/19

  • Yield to Worst

    4.54%
  • Yield to Maturity

    4.58%
  • Effective Duration (yrs)

    5.58
  • Years to Maturity

    8.35
  • Modified Duration (yrs)

    5.64
  • Coupon

    5.78%
 4 See Important Disclosure for definitions.

Prices as of 07/22/19

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
EMAG $21.62
$21.66
218
186
$0.01 / +0.07%
$-0.01 / -0.05%
+9.76%
+10.94%
$0.03
0.16%

Performance History: Average Annual Total Returns* (%)

1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
05/11/11**
EMAG (NAV) 3.63 4.19 8.84 9.43 4.35 1.89 -- 2.74
EMAG (Share Price) 3.57 4.33 10.03 11.52 5.13 2.40 -- 2.79
MVEMAG (Index)** 3.74 4.54 9.45 10.77 5.44 2.73 -- 3.97
Performance Differential (NAV - Index) -0.11 -0.35 -0.61 -1.34 -1.09 -0.84 -- -1.23
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
05/11/11**
EMAG (NAV) 3.63 4.19 8.84 9.43 4.35 1.89 -- 2.74
EMAG (Share Price) 3.57 4.33 10.03 11.52 5.13 2.40 -- 2.79
MVEMAG (Index)** 3.74 4.54 9.45 10.77 5.44 2.73 -- 3.97
Performance Differential (NAV - Index) -0.11 -0.35 -0.61 -1.34 -1.09 -0.84 -- -1.23

Top 10 Holdings (%) as of 06/30/19 Daily Holdings

Total Holdings: 299
Swipe
to view
full data
Holding Name
Coupon
Maturity
Composite
Rating
Country
Currency
% of Net
Assets
Huarong Finance Ii Co Ltd
5.500
01/16/2025
BBB+
China
USD
1.48
Swire Pacific Mtn Financing Ltd
4.500
10/09/2023
A-
United Kingdom
USD
1.44
America Movil Sab De Cv
6.125
03/30/2040
A-
Mexico
USD
1.10
Indonesia Government International Bond
8.500
10/12/2035
BBB-
Indonesia
USD
1.02
Qatar Government International Bond
6.400
01/20/2040
AA-
Qatar
USD
0.94
Petroleos Mexicanos
5.500
02/24/2025
BBB-
Mexico
EUR
0.91
Lebanon Government International Bond
8.250
04/12/2021
B-
Lebanon
USD
0.90
Banco De Credito Del Peru
4.250
04/01/2023
BBB+
Peru
USD
0.88
Petrobras Global Finance Bv
4.750
01/14/2025
BB-
Brazil
EUR
0.87
Gazprom Oao Via Gaz Capital Sa
7.288
08/16/2037
BBB-
Russian Federation
USD
0.86
Top 10 Total (%) 10.39

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

†See Country of Risk disclosure. These are not recommendations to buy or to sell any security. Securities and holdings may vary. 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.

Country Weightings (%) as of 06/30/19

  • Country

    % of Net Assets
  • MEXICO

    9.75
  • BRAZIL

    8.68
  • INDONESIA

    6.88
  • RUSSIA

    6.32
  • CHINA

    5.74
  • SOUTH AFRICA

    5.24
  • MALAYSIA

    4.69
  • TURKEY

    3.92
  • COLOMBIA

    3.88
  • THAILAND

    3.87
  • UAE

    3.76
  • ISRAEL

    3.56
  • POLAND

    3.20
  • CHILE

    3.18
  • PERU

    2.85
  • HUNGARY

    1.97
  • SAUDI ARABIA

    1.71
  • ROMANIA

    1.65
  • QATAR

    1.62
  • CZECH

    1.62
  • Other/Cash

    15.93

Currency Exposure (%)
as of 06/30/19

  • U.S. Dollar

    54.24
  • Euro

    6.54
  • Brazilian Real

    4.07
  • Indonesian Rupiah

    3.95
  • Malaysian Ringgit

    3.92
  • Mexican Peso

    3.90
  • Thai Baht

    3.87
  • South African Rand

    3.30
  • Polish Zloty

    3.20
  • Russian Ruble

    2.47
  • Colombian Peso

    2.08
  • Israeli Shekel

    1.77
  • Hungarian Forint

    1.25
  • Peruvian New Sol

    1.16
  • Turkish Lira

    1.05
  • Chilean Peso

    0.94
  • New Romanian Leu

    0.83
  • Czech Koruna

    0.79
  • Nigeria Naira

    0.38
  • Uruguay Peso

    0.12
  • Other/Cash

    0.17

Sector Weightings (%) as of 06/30/19

  • Sector

    % of Net Assets
  • Government

    64.3
  • Energy

    9.8
  • Financial

    9.3
  • Basic Materials

    4.7
  • Communications

    3.8
  • Diversified

    2.5
  • Utilities

    2.4
  • Consumer, Non-cyclical

    2.4
  • Industrial

    0.7
  • Other/Cash

    0.2

Credit Quality (%) as of 06/30/19

Composite % of Net Assets
Investment Grade AA 3.43
A 19.36
BBB 40.14
Non-Investment Grade BB 18.47
B 8.17
Total Investment Grade -- 62.93
Total Non-Investment Grade -- 26.64
Not Rated -- 10.43
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 06/30/19

 Average Portfolio Maturity: 8.32 Years