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EMLC
VanEck Vectors J.P. Morgan EM Local Currency Bond ETF
HYEM
VanEck Vectors Emerging Markets High Yield Bond ETF

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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

    State Street Bank and Trust Company

  • 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 11/14/19

  • 30-Day SEC Yield1

    3.99%

  • Total Net Assets

    $15.0M

  • Number of Holdings

    309

  • Options

    Expected

  • Gross Expense Ratio2

    0.92%

  • Net Expense Ratio/TER2

    0.35%

  • Distribution Frequency

    Monthly

  • Next Distribution Date

    11/29/2019

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 11/14/19

  • 30-Day SEC Yield1

    3.99%

  • Distribution Yield1

    4.75%

  • 12-Month Yield1

    4.75%
 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

    700,000

  • Estimated Cash

    EMAGEU

  • Total Cash

    EMAGTC

  • CUSIP

    92189F478

  • ISIN

    US92189F4789
5See IIV Details. Source: Bloomberg

Fundamentals4
as of 11/13/19

  • Yield to Worst

    4.44%

  • Yield to Maturity

    4.49%

  • Effective Duration (yrs)

    5.54

  • Years to Maturity

    8.21

  • Modified Duration (yrs)

    5.62

  • Coupon

    5.77%
 4 See Important Disclosure for definitions.

Prices as of 11/14/19

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 $21.44
$21.53		 1,145
23		 $0.03 / +0.14%
$0.03 / +0.14%		 +10.74%
+12.03%
 $0.09
0.42%

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) 1.43 1.44 11.46 13.15 4.65 2.88 -- 2.92
EMAG (Share Price) 0.95 1.44 12.33 13.07 4.99 2.89 -- 2.93
MVEMAG (Index)** 1.50 1.83 12.70 14.93 5.67 3.77 -- 4.17
Performance Differential (NAV - Index) -0.07 -0.39 -1.24 -1.78 -1.02 -0.89 -- -1.25
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
05/11/11**
EMAG (NAV) 0.32 0.96 9.89 9.92 3.91 2.78 -- 2.78
EMAG (Share Price) 0.78 1.13 11.27 11.12 4.32 3.03 -- 2.84
MVEMAG (Index)** 0.33 1.45 11.04 11.49 4.86 3.68 -- 4.03
Performance Differential (NAV - Index) -0.01 -0.49 -1.15 -1.57 -0.95 -0.90 -- -1.25

*Returns less than one year are not annualized.

**Effective December 10, 2013, Market Vectors LatAm Aggregate Bond ETF (BONO) changed its name to VanEck Vectors Emerging Markets Aggregate Bond ETF (EMAG). 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 "Net Asset Value" (NAV) of a VanEck Vectors Exchange Traded Fund (ETF) is determined at the close of each business day, and represents the dollar value of one share of the fund; it is calculated by taking the total assets of the fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV is not necessarily the same as the ETF 's intraday trading value. VanEck Vectors ETF investors should not expect to buy or sell shares at NAV.

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 10/31/19 Daily Holdings

Total Holdings: 308
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
1.47
Swire Pacific Mtn Financing Ltd
4.500
10/09/2023
A-
United Kingdom
USD
1.42
America Movil Sab De Cv
6.125
03/30/2040
A-
Mexico
USD
1.12
Indonesia Government International Bond
8.500
10/12/2035
BBB
Indonesia
USD
1.03
Qatar Government International Bond
6.400
01/20/2040
AA-
Qatar
USD
0.98
Petroleos Mexicanos
5.500
02/24/2025
BBB-
Mexico
EUR
0.95
Gazprom Oao Via Gaz Capital Sa
7.288
08/16/2037
BBB
Russian Federation
USD
0.90
Dp World Plc
6.850
07/02/2037
BBB+
United Arab Emirates
USD
0.88
Banco De Credito Del Peru
4.250
04/01/2023
BBB+
Peru
USD
0.87
Emirates Telecommunications Group Co Pj
2.750
06/18/2026
AA-
United Arab Emirates
EUR
0.86
Top 10 Total (%) 10.48

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 10/31/19

  • Country

    % of Net Assets
  • ■

    Mexico

    9.78
  • ■

    Brazil

    8.32
  • ■

    Russia

    7.40
  • ■

    Indonesia

    6.88
  • ■

    South Africa

    4.94
  • ■

    Malaysia

    4.72
  • ■

    China

    4.71
  • ■

    Turkey

    3.96
  • ■

    Colombia

    3.87
  • ■

    Uae

    3.76
  • ■

    Thailand

    3.75
  • ■

    Israel

    3.62
  • ■

    Chile

    3.06
  • ■

    Poland

    3.01
  • ■

    Peru

    3.01
  • ■

    United Kingdom

    2.44
  • ■

    Hungary

    1.92
  • ■

    Czech

    1.76
  • ■

    India

    1.73
  • ■

    Saudi Arabia

    1.73
  • ■

    Other/Cash

    15.64

Currency Exposure (%)
as of 10/31/19

  • U.S. Dollar

    54.47

  • Euro

    6.25

  • Brazilian Real

    4.17

  • Mexican Peso

    4.13

  • Malaysian Ringgit

    3.95

  • Indonesian Rupiah

    3.89

  • Thai Baht

    3.75

  • South African Rand

    3.02

  • Polish Zloty

    3.01

  • Russian Ruble

    2.84

  • Israeli Shekel

    1.87

  • Colombian Peso

    1.76

  • Peruvian New Sol

    1.33

  • Hungarian Forint

    1.22

  • Turkish Lira

    1.06

  • Czech Koruna

    0.88

  • Chilean Peso

    0.86

  • New Romanian Leu

    0.82

  • Nigeria Naira

    0.37

  • Uruguay Peso

    0.11

  • Other/Cash

    0.23

Sector Weightings (%) as of 10/31/19

  • Sector

    % of Net Assets
  • ■

    Government

    63.8
  • ■

    Financial

    10.4
  • ■

    Energy

    9.4
  • ■

    Basic Materials

    4.7
  • ■

    Communications

    3.8
  • ■

    Diversified

    2.4
  • ■

    Consumer, Non-cyclical

    2.3
  • ■

    Utilities

    2.2
  • ■

    Industrial

    0.7
  • ■

    Other/Cash

    0.2

Credit Quality (%) as of 10/31/19

Composite % of Net Assets
Investment Grade AA 3.86
A 18.68
BBB 40.67
Non-Investment Grade BB 15.09
B 8.81
CCC 1.12
Total Investment Grade -- 63.20
Total Non-Investment Grade -- 25.02
Not Rated -- 11.78
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 10/31/19

 Average Portfolio Maturity: 8.25 Years