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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 08/03/20

  • 30-Day SEC Yield1

    3.44%
  • Total Net Assets

    $15.8M
  • Number of Holdings

    321
  • Options

    Expected
  • Gross Expense Ratio2

    0.92%
  • Net Expense Ratio/TER2

    0.35%
  • Distribution Frequency

    Monthly

Morningstar™ Ratings3
as of 06/30/2020

Category Overall 3 Year 5 Year
Emerging Markets Bond
3 stars of 233 funds
4 stars of 233 funds
3 stars of 181 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 08/03/20

  • 30-Day SEC Yield1

    3.44%
  • Distribution Yield1

    3.88%
  • 12-Month Yield1

    4.29%
 1 See Important Disclosure for definitions.

Fees & Expenses2

  • Management Fee

    0.35%
  • Other Expenses

    0.57%
  • Acquired Fund Fees and Expenses

    --
  • Gross Expense Ratio

    0.92%
  • Fee Waivers and
    Expense Reimbursement

    -0.57%
  • Net Expense Ratio/TER2

    0.35%
2Expenses for EMAG are capped contractually at 0.35% until September 1, 2020. 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 08/03/20

  • Yield to Worst

    3.43%
  • Yield to Maturity

    3.46%
  • Effective Duration (yrs)

    5.51
  • Years to Maturity

    8.05
  • Modified Duration (yrs)

    5.61
  • Coupon

    5.57%
 4 See Important Disclosure for definitions.

Prices as of 08/03/20

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 $21.04
$20.93
740
128
-$0.12 / -0.57%
$-0.19 / -0.88%
-0.68%
-1.38%
$-0.11
-0.50%
--

Premium/Discount History as of 08/03/20

Calendar Year 2019 3Q 2019 4Q 2019 1Q 2020 2Q 2020 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 141 32 45 26 11
EMAG Days closed at NAV 22 5 7 4 0
Days closed at a discount 89 27 12 32 52

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) 1.77 9.41 -3.04 0.51 2.80 3.57 -- 2.50
EMAG (Share Price) 3.01 8.19 -3.88 -0.41 2.71 3.66 -- 2.44
MVEMAG (Index)** 2.01 10.36 -2.99 1.63 3.84 4.60 -- 3.71
Performance Differential (NAV - Index) -0.24 -0.95 -0.05 -1.12 -1.04 -1.03 -- -1.21
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
05/11/11**
EMAG (NAV) 1.77 9.41 -3.04 0.51 2.80 3.57 -- 2.50
EMAG (Share Price) 3.01 8.19 -3.88 -0.41 2.71 3.66 -- 2.44
MVEMAG (Index)** 2.01 10.36 -2.99 1.63 3.84 4.60 -- 3.71
Performance Differential (NAV - Index) -0.24 -0.95 -0.05 -1.12 -1.04 -1.03 -- -1.21

Top 10 Holdings (%) as of 06/30/20 Daily Holdings

Total Holdings: 320
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
1.46
RELIANCE INDUSTRIES LTD
4.125
01/28/2025
BBB
India
USD
1.43
SWIRE PACIFIC MTN FINANCING LTD
4.500
10/09/2023
A-
United Kingdom
USD
1.42
SAUDI GOVERNMENT INTERNATIONAL BOND
3.250
10/26/2026
A
Saudi Arabia
USD
1.41
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
1.02
QATAR GOVERNMENT INTERNATIONAL BOND
6.400
01/20/2040
AA-
Qatar
USD
1.01
GAZPROM PJSC VIA GAZ CAPITAL SA
7.288
08/16/2037
BBB
Russia
USD
0.95
BANCO DE CREDITO DEL PERU
4.250
04/01/2023
BBB+
Peru
USD
0.86
DP WORLD PLC
6.850
07/02/2037
BBB-
Uae
USD
0.81
Top 10 Total (%) 11.53

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 06/30/20

  • Country

    % of Net Assets
  • Mexico

    10.13
  • Brazil

    8.01
  • Russia

    7.36
  • Indonesia

    6.77
  • China

    4.81
  • Malaysia

    4.38
  • South Africa

    4.22
  • Turkey

    3.75
  • Thailand

    3.73
  • Saudi Arabia

    3.71
  • Israel

    3.66
  • Colombia

    3.66
  • Uae

    3.58
  • Poland

    3.06
  • Peru

    3.00
  • India

    2.99
  • Chile

    2.90
  • United Kingdom

    2.44
  • Czech

    2.02
  • Hungary

    1.78
  • Other/Cash

    14.05

Currency Exposure (%)
as of 06/30/20

  • U.S. Dollar

    56.02
  • Euro

    5.94
  • Mexican Peso

    4.01
  • Brazilian Real

    3.89
  • Indonesian Rupiah

    3.83
  • Thailand Baht

    3.73
  • Malaysian Ringgit

    3.65
  • Polish Zloty

    3.06
  • Russian Ruble

    2.87
  • South African Rand

    2.69
  • Israeli Shekel

    1.81
  • Colombian Peso

    1.66
  • Peruvian New Sol

    1.34
  • Czech Koruna

    1.19
  • Hungarian Forint

    1.04
  • New Romanian Leu

    0.97
  • Turkish Lira

    0.90
  • Chilean Peso

    0.74
  • Nigeria Naira

    0.39
  • Uruguay Peso

    0.10
  • China Renminbi

    0.10
  • Other/Cash

    0.09

Sector Weightings (%) as of 06/30/20

  • Sector

    % of Net Assets
  • Government

    62.3
  • Energy

    10.6
  • Financial

    10.2
  • Basic Materials

    4.9
  • Communications

    3.7
  • Diversified

    2.4
  • Consumer, Non-cyclical

    2.3
  • Utilities

    2.2
  • Industrial

    1.3
  • Other/Cash

    0.1

Credit Quality (%) as of 06/30/20

Composite % of Net Assets
Investment Grade AA 3.83
A 18.16
BBB 41.01
Non-Investment Grade BB 16.56
B 6.77
CCC 0.44
Total Investment Grade -- 63.00
Total Non-Investment Grade -- 23.78
Not Rated -- 12.86
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 06/30/20

 Average Portfolio Maturity: 8.05 Years