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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 10/29/20

  • 30-Day SEC Yield1

    3.14%

  • Total Net Assets

    $15.6M

  • Number of Holdings

    313

  • Options

    Expected

  • Gross Expense Ratio2

    1.49%

  • Net Expense Ratio/TER2

    0.35%

  • Distribution Frequency

    Monthly

Morningstar™ Ratings3
as of 09/30/2020

Category Overall 3 Year 5 Year
Emerging Markets Bond
3 stars of 239 funds
4 stars of 239 funds
3 stars of 187 funds

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 10/29/20

  • 30-Day SEC Yield1

    3.14%

  • Distribution Yield1

    4.36%

  • 12-Month Yield1

    4.61%
 1 See Important Disclosure for definitions.

Fees & Expenses2

  • Management Fee

    0.35%

  • Other Expenses

    1.14%

  • Acquired Fund Fees and Expenses

    --

  • Gross Expense Ratio

    1.49%

  • Fee Waivers and
    Expense Reimbursement

    -1.14%

  • Net Expense Ratio/TER2

    0.35%
2Expenses for EMAG are capped contractually at 0.35% until September 1, 2021. 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

    750,000

  • Estimated Cash

    EMAGEU

  • Total Cash

    EMAGTC

  • CUSIP

    92189F478

  • ISIN

    US92189F4789
5See IIV Details. Source: Bloomberg

Fundamentals4
as of 10/29/20

  • Yield to Worst

    3.44%

  • Yield to Maturity

    3.45%

  • Effective Duration (yrs)

    5.53

  • Years to Maturity

    8.03

  • Modified Duration (yrs)

    5.64

  • Coupon

    5.55%
 4 See Important Disclosure for definitions.

Prices as of 10/29/20

NAV/
Market 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 		30-Day
Median
Bid Ask
Spread 		NAV
Chart
EMAG $20.74
$20.69		 417
53		 -$0.08 / -0.39%
$0.05 / +0.24%		 -1.03%
-1.44%
 $-0.05
-0.23%		 2.13%

Premium/Discount History as of 10/29/20

Calendar Year 2019 4Q 2019 1Q 2020 2Q 2020 3Q 2020 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 141 45 26 11 26
EMAG Days closed at NAV 22 7 4 0 5
Days closed at a discount 89 12 32 52 33

Performance History: Average Annual Total Returns* (%)
View All ETFs View All Indices

1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
05/11/11**
EMAG (NAV) -1.51 1.82 -1.28 1.36 2.59 4.95 -- 2.62
EMAG (Share Price) -1.32 2.25 -1.72 0.70 2.49 5.07 -- 2.61
MVEMAG (Index)** -1.35 2.29 -0.76 2.47 3.63 6.20 -- 3.86
Performance Differential (NAV - Index) -0.16 -0.47 -0.52 -1.11 -1.04 -1.25 -- -1.24
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
05/11/11
EMAG (NAV) -1.51 1.82 -1.28 1.36 2.59 4.95 -- 2.62
EMAG (Share Price) -1.32 2.25 -1.72 0.70 2.49 5.07 -- 2.61
MVEMAG (Index)** -1.35 2.29 -0.76 2.47 3.63 6.20 -- 3.86
Performance Differential (NAV - Index) -0.16 -0.47 -0.52 -1.11 -1.04 -1.25 -- -1.24

*Returns less than one year are not annualized.

The Fund’s investment objective changed to seeking to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS EM Aggregate Bond Index (MVEMAG), from seeking to replicate as closely as possible, before fees and expenses, the price and yield performance of the BofA Merrill Lynch Broad Latin America Bond Index (LATS). Performance data prior to December 10, 2013, reflects that of BONO and LATS. Performance data from December 10, 2013, and on, reflects that of EMAG and MVEMAG. Performance history which includes periods prior to December 10, 2013 reflects a blend of the performance of EMAG and BONO and MVEMAG and LATS and is not intended for third party use.

The "After Tax Held" represents total return after taxes on distributions and assumes shares have not been sold. "After Tax Sold" represents total return after taxes on distributions and the sale of Fund shares. After-tax returns reflect the highest federal income tax rate but exclude state and local taxes. After-tax returns are based on NAV.

Top 10 Holdings (%) as of 09/30/20 Daily Holdings

Total Holdings: 317
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
1.45
SWIRE PACIFIC MTN FINANCING LTD
4.500
10/09/2023
A-
United Kingdom
USD
1.43
RELIANCE INDUSTRIES LTD
4.125
01/28/2025
BBB
India
USD
1.42
SAUDI GOVERNMENT INTERNATIONAL BOND
3.250
10/26/2026
A
Saudi Arabia
USD
1.42
AMERICA MOVIL SAB DE CV
6.125
03/30/2040
BBB+
Mexico
USD
1.16
INDONESIA GOVERNMENT INTERNATIONAL BOND
8.500
10/12/2035
BBB
Indonesia
USD
1.06
QATAR GOVERNMENT INTERNATIONAL BOND
6.400
01/20/2040
AA-
Qatar
USD
1.00
GAZPROM PJSC VIA GAZ CAPITAL SA
7.288
08/16/2037
BBB
Russia
USD
0.92
BANCO DE CREDITO DEL PERU
4.250
04/01/2023
BBB+
Peru
USD
0.88
PETROLEOS MEXICANOS
5.500
02/24/2025
BB+
Mexico
EUR
0.86
Top 10 Total (%) 11.60

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 09/30/20

  • Country

    % of Net Assets
  • ■

    Mexico

    10.18
  • ■

    Brazil

    7.90
  • ■

    Indonesia

    7.29
  • ■

    Russia

    6.43
  • ■

    China

    4.81
  • ■

    Malaysia

    4.54
  • ■

    South Africa

    4.17
  • ■

    Saudi Arabia

    3.76
  • ■

    Thailand

    3.75
  • ■

    Uae

    3.65
  • ■

    Colombia

    3.64
  • ■

    Israel

    3.61
  • ■

    Turkey

    3.38
  • ■

    Chile

    3.19
  • ■

    Peru

    3.00
  • ■

    Poland

    2.92
  • ■

    India

    2.48
  • ■

    United Kingdom

    2.44
  • ■

    Czech

    2.08
  • ■

    Philippines

    1.98
  • ■

    Other/Cash

    14.79

Currency Exposure (%)
as of 09/30/20

  • U.S. Dollar

    56.10

  • Euro

    6.23

  • Mexican Peso

    3.96

  • Malaysian Ringgit

    3.81

  • Brazilian Real

    3.79

  • Thailand Baht

    3.75

  • Indonesian Rupiah

    3.57

  • Polish Zloty

    2.92

  • Russian Ruble

    2.70

  • South African Rand

    2.63

  • Israeli Shekel

    1.88

  • Colombian Peso

    1.61

  • Peruvian New Sol

    1.33

  • Czech Koruna

    1.20

  • Hungarian Forint

    1.11

  • Romanian Leu

    1.00

  • Chilean Peso

    0.71

  • Turkish Lira

    0.65

  • Nigeria Naira

    0.38

  • Uruguay Peso

    0.11

  • Chinese Renminbi

    0.10

  • Other/Cash

    0.47

Sector Weightings (%) as of 09/30/20

  • Sector

    % of Net Assets
  • ■

    Government

    61.6
  • ■

    Financial

    11.1
  • ■

    Energy

    9.4
  • ■

    Basic Materials

    4.4
  • ■

    Communications

    3.8
  • ■

    Utilities

    2.9
  • ■

    Diversified

    2.4
  • ■

    Industrial

    2.1
  • ■

    Consumer, Non-cyclical

    1.8
  • ■

    Other/Cash

    0.5

Credit Quality (%) as of 09/30/20

Composite % of Net Assets
Investment Grade AA 3.90
A 18.99
BBB 41.29
Non-Investment Grade BB 16.22
B 6.10
CCC 0.89
CC 0.04
DDD 0.36
Total Investment Grade -- 64.18
Total Non-Investment Grade -- 23.61
Not Rated -- 12.20
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 09/30/20

 Average Portfolio Maturity: 8.22 Years