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EMLC
VanEck Vectors J.P. Morgan EM Local Currency Bond ETF

Fund Description

The VanEck Vectors^® J.P. Morgan EM Local Currency Bond ETF (EMLC^®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the J.P. Morgan GBI-EMG Core Index (GBIEMCOR), which is comprised of bonds issued by emerging market governments and denominated in the local currency of the issuer.
Fund Ticker
EMLC
Exchange
NYSE Arca
Commencement
07/22/2010
ETF Structure
Physical
Administrator
Van Eck Associates
Custodian
Bank of New York Mellon
Index Ticker
GBIEMCOR
Index Rebalancing
Monthly
2017 Preliminary NAIC
Designation⁷
2
as of 09/19/17
30-Day SEC Yield¹
5.66%
Total Net Assets
$4.2B
Number of Holdings
265
Options
Available
Gross Expense Ratio²
0.48%
Net Expense Ratio/TER²
0.44%
Distribution Frequency
Monthly
Next Distribution Date
09/29/2017
^1,2,7 See Important Disclosure.

EMLC Fact Sheet

Summary Prospectus

Management Team
Portfolio Composition (%)
as of 09/20/17
% of Net Assets
Stocks
0.00
Bonds
100.01
Other
0.00
Cash
-0.01

Download All Fund Holdings »Daily Holdings (%) as of 09/20/17

Total Holdings: 265

Holding Name	Coupon	Maturity	Composite Rating	Country^†	Currency	% of Net Assets
Brazil Letras Do Tesouro Nacional	0.000	07/01/2020	BB	Brazil	BRL	1.67
Uruguay Government International Bond	9.875	06/20/2022	BBB	Uruguay	UYU	1.45
Brazil Notas Do Tesouro Nacional Ser F	10.000	01/01/2023	BB	Brazil	BRL	1.41
Bonos De La Tesoreria De La Republica E	4.500	03/01/2026	AA	Chile	CLP	1.38
Philippine Government International Bon	6.250	01/14/2036	BBB-	Philippines	PHP	1.32
Argentine Bonos Del Tesoro	18.200	10/03/2021	B-	Argentina	ARS	1.31
Argentine Bonos Del Tesoro	15.500	10/17/2026	B-	Argentina	ARS	1.25
Brazil Notas Do Tesouro Nacional Ser F	10.000	01/01/2021	BB	Brazil	BRL	1.19
Mexican Bonos	10.000	12/05/2024	A-	Mexico	MXN	1.12
Brazil Letras Do Tesouro Nacional	0.000	07/01/2018	BB	Brazil	BRL	1.10
Republic Of South Africa Government Bon	10.500	12/21/2026	BB+	South Africa	ZAR	0.99
Indonesia Treasury Bond	8.375	03/15/2024	BBB-	Indonesia	IDR	0.98
Mexican Bonos	6.500	06/10/2021	A-	Mexico	MXN	0.98
Brazil Letras Do Tesouro Nacional	0.000	04/01/2019	NR	Brazil	BRL	0.97
Philippine Government International Bon	4.950	01/15/2021	BBB-	Philippines	PHP	0.96
Mexican Bonos	8.000	06/11/2020	A-	Mexico	MXN	0.93
Colombian Tes	7.000	05/04/2022	BBB	Colombia	COP	0.92
Indonesia Treasury Bond	8.375	09/15/2026	NR	Indonesia	IDR	0.91
Colombian Tes	7.500	08/26/2026	BBB	Colombia	COP	0.91
Thailand Government Bond	3.650	12/17/2021	BBB+	Thailand	THB	0.90
Republic Of Poland Government Bond	2.500	07/25/2026	A-	Poland	PLN	0.88
Brazil Letras Do Tesouro Nacional	0.000	01/01/2020	NR	Brazil	BRL	0.86
Colombian Tes	10.000	07/24/2024	BBB	Colombia	COP	0.85
Indonesia Treasury Bond	8.250	07/15/2021	BBB-	Indonesia	IDR	0.85
Republic Of South Africa Government Bon	8.750	02/28/2048	BB+	South Africa	ZAR	0.83
Thailand Government Bond	4.875	06/22/2029	BBB+	Thailand	THB	0.81
Brazil Notas Do Tesouro Nacional Ser F	10.000	01/01/2025	BB	Brazil	BRL	0.80
Brazil Notas Do Tesouro Nacional Ser F	10.000	01/01/2027	BB	Brazil	BRL	0.78
Republic Of Poland Government Bond	1.500	04/25/2020	A-	Poland	PLN	0.77
Mexican Bonos	7.750	11/13/2042	A-	Mexico	MXN	0.77
Indonesia Treasury Bond	9.000	03/15/2029	BBB-	Indonesia	IDR	0.74
Indonesia Treasury Bond	8.375	03/15/2034	BBB-	Indonesia	IDR	0.71
Republic Of Poland Government Bond	1.750	07/25/2021	A-	Poland	PLN	0.71
Republic Of Poland Government Bond	4.000	10/25/2023	A-	Poland	PLN	0.71
Republic Of South Africa Government Bon	8.500	01/31/2037	BB+	South Africa	ZAR	0.70
Mexican Bonos	6.500	06/09/2022	A-	Mexico	MXN	0.70
Mexican Bonos	8.500	12/13/2018	A-	Mexico	MXN	0.69
Philippine Government International Bon	3.900	11/26/2022	BBB-	Philippines	PHP	0.69
Republic Of Poland Government Bond	3.250	07/25/2025	A-	Poland	PLN	0.69
Thailand Government Bond	3.875	06/13/2019	BBB+	Thailand	THB	0.68
Republic Of South Africa Government Bon	8.750	01/31/2044	BB+	South Africa	ZAR	0.67
Indonesia Treasury Bond	8.250	05/15/2036	NR	Indonesia	IDR	0.66
Republic Of Poland Government Bond	0.000	10/25/2018	A-	Poland	PLN	0.66
Indonesia Treasury Bond	7.000	05/15/2027	BBB-	Indonesia	IDR	0.64
Thailand Government Bond	3.850	12/12/2025	BBB+	Thailand	THB	0.64
Indonesia Treasury Bond	8.750	05/15/2031	NR	Indonesia	IDR	0.63
Republic Of South Africa Government Bon	8.000	01/31/2030	BB+	South Africa	ZAR	0.63
Mexican Bonos	5.000	12/11/2019	A-	Mexico	MXN	0.63
Republic Of Poland Government Bond	5.750	09/23/2022	A-	Poland	PLN	0.62
Republic Of Poland Government Bond	2.000	04/25/2021	A-	Poland	PLN	0.62
Bonos De La Tesoreria De La Republica E	5.000	03/01/2035	AA	Chile	CLP	0.61
Colombian Tes	7.750	09/18/2030	BBB	Colombia	COP	0.60
Turkey Government Bond	10.600	02/11/2026	BBB-	Turkey	TRY	0.60
Thailand Government Bond	3.625	06/16/2023	BBB+	Thailand	THB	0.59
Peru Government Bond	6.950	08/12/2031	A-	Peru	PEN	0.59
Thailand Government Bond	1.875	06/17/2022	BBB+	Thailand	THB	0.58
Republic Of Poland Government Bond	3.250	07/25/2019	A-	Poland	PLN	0.57
Republic Of South Africa Government Bon	7.000	02/28/2031	BB+	South Africa	ZAR	0.56
Mexican Bonos	5.750	03/05/2026	BBB+	Mexico	MXN	0.55
Argentine Bonos Del Tesoro	16.000	10/17/2023	B-	Argentina	ARS	0.55
Republic Of Poland Government Bond	2.500	07/25/2027	A-	Poland	PLN	0.54
Peru Government Bond	6.350	08/12/2028	A-	Peru	PEN	0.54
Uruguay Government International Bond	9.875	06/20/2022	BBB	Uruguay	UYU	0.53
Russian Federal Bond - Ofz	7.750	09/16/2026	BB+	Russian Federation	RUB	0.53
Republic Of Poland Government Bond	5.750	10/25/2021	A-	Poland	PLN	0.53
Peru Government Bond	8.200	08/12/2026	A-	Peru	PEN	0.53
Republic Of South Africa Government Bon	8.250	03/31/2032	BB+	South Africa	ZAR	0.53
Thailand Government Bond	2.550	06/26/2020	NR	Thailand	THB	0.52
Hungary Government Bond	5.500	06/24/2025	BBB-	Hungary	HUF	0.52
Hungary Government Bond	7.000	06/24/2022	BBB-	Hungary	HUF	0.52
Republic Of Poland Government Bond	5.500	10/25/2019	A-	Poland	PLN	0.51
Russian Federal Bond - Ofz	8.500	09/17/2031	BB+	Russian Federation	RUB	0.50
Indonesia Treasury Bond	7.000	05/15/2022	BBB-	Indonesia	IDR	0.50
Indonesia Treasury Bond	8.250	06/15/2032	BBB-	Indonesia	IDR	0.50
Republic Of Poland Government Bond	5.250	10/25/2020	A-	Poland	PLN	0.49
Mexican Bonos	7.500	06/03/2027	A-	Mexico	MXN	0.49
Mexican Bonos	7.750	05/29/2031	A-	Mexico	MXN	0.49
Czech Republic Government Bond	5.700	05/25/2024	A+	Czech Republic	CZK	0.49
Republic Of Poland Government Bond	2.250	04/25/2022	A-	Poland	PLN	0.49
Hungary Government Bond	6.000	11/24/2023	BBB-	Hungary	HUF	0.48
Colombian Tes	11.000	07/24/2020	BBB	Colombia	COP	0.48
Brazil Letras Do Tesouro Nacional	0.000	07/01/2019	NR	Brazil	BRL	0.47
Mexican Bonos	8.500	11/18/2038	A-	Mexico	MXN	0.47
Russian Federal Bond - Ofz	7.500	08/18/2021	BB+	Russian Federation	RUB	0.45
Republic Of South Africa Government Bon	6.250	03/31/2036	BB+	South Africa	ZAR	0.45
Republic Of South Africa Government Bon	6.500	02/28/2041	BB+	South Africa	ZAR	0.44
Russian Federal Bond - Ofz	8.152	02/03/2027	BB+	Russian Federation	RUB	0.44
Turkey Government Bond	11.000	02/24/2027	NR	Turkey	TRY	0.43
Thailand Government Bond	3.650	06/20/2031	BBB+	Thailand	THB	0.43
Colombian Tes	6.000	04/28/2028	BBB	Colombia	COP	0.42
Russian Federal Bond - Ofz	7.400	12/07/2022	BB+	Russian Federation	RUB	0.42
Russian Federal Bond - Ofz	6.700	05/15/2019	BB+	Russian Federation	RUB	0.41
Mexican Bonos	8.500	05/31/2029	A-	Mexico	MXN	0.41
Turkey Government Bond	10.700	02/17/2021	NR	Turkey	TRY	0.41
Czech Republic Government Bond	3.750	09/12/2020	A+	Czech Republic	CZK	0.40
Hungary Government Bond	7.500	11/12/2020	BBB-	Hungary	HUF	0.40
Russian Federal Bond - Ofz	7.000	08/16/2023	BB+	Russian Federation	RUB	0.40
Malaysia Government Bond	4.378	11/29/2019	A-	Malaysia	MYR	0.40
Peru Government Bond	6.900	08/12/2037	A-	Peru	PEN	0.40
Peru Government Bond	5.700	08/12/2024	A-	Peru	PEN	0.40
Russian Federal Bond - Ofz	7.051	01/19/2028	BB+	Russian Federation	RUB	0.39
Czech Republic Government Bond	3.850	09/29/2021	A+	Czech Republic	CZK	0.39
Malaysia Government Bond	3.955	09/15/2025	A-	Malaysia	MYR	0.39
Czech Republic Government Bond	1.500	10/29/2019	NR	Czech Republic	CZK	0.39
Colombian Tes	7.000	09/11/2019	BBB	Colombia	COP	0.39
Hungary Government Bond	3.500	06/24/2020	NR	Hungary	HUF	0.38
Republic Of Poland Government Bond	0.000	04/25/2019	A-	Poland	PLN	0.38
Chile Government International Bond	5.500	08/05/2020	A+	Chile	CLP	0.37
Turkey Government Bond	7.120	03/08/2023	BBB-	Turkey	TRY	0.37
Turkey Government Bond	9.526	01/12/2022	BBB-	Turkey	TRY	0.36
Peru Government Bond	6.150	08/12/2032	A-	Peru	PEN	0.36
Czech Republic Government Bond	2.500	08/25/2028	NR	Czech Republic	CZK	0.36
Turkey Government Bond	11.000	03/02/2022	BB+	Turkey	TRY	0.35
Malaysia Government Bond	4.181	07/15/2024	A-	Malaysia	MYR	0.35
Mexican Bonos	8.000	12/07/2023	A-	Mexico	MXN	0.35
European Investment Bank	8.125	12/21/2026	AAA	Supra- National	ZAR	0.34
Mexican Bonos	10.000	11/20/2036	A-	Mexico	MXN	0.34
Mexican Bonos	7.750	11/23/2034	A-	Mexico	MXN	0.34
Turkey Government Bond	8.800	09/27/2023	BBB-	Turkey	TRY	0.34
Turkey Government Bond	8.000	03/12/2025	NR	Turkey	TRY	0.34
Czech Republic Government Bond	4.700	09/12/2022	A+	Czech Republic	CZK	0.33
Czech Republic Government Bond	2.400	09/17/2025	NR	Czech Republic	CZK	0.33
Republic Of South Africa Government Bon	8.875	02/28/2035	BB+	South Africa	ZAR	0.33
Bonos De La Tesoreria De La Republica E	4.500	03/01/2021	AA	Chile	CLP	0.32
Malaysia Government Bond	3.492	03/31/2020	A-	Malaysia	MYR	0.32
Indonesia Treasury Bond	6.625	05/15/2033	BBB-	Indonesia	IDR	0.32
Hungary Government Bond	3.000	06/26/2024	BBB-	Hungary	HUF	0.32
Malaysia Government Bond	4.160	07/15/2021	A-	Malaysia	MYR	0.32
Turkey Government Bond	9.000	07/24/2024	NR	Turkey	TRY	0.31
Hungary Government Bond	6.500	06/24/2019	BBB-	Hungary	HUF	0.31
Thailand Government Bond	3.400	06/17/2036	BBB+	Thailand	THB	0.31
Romania Government Bond	2.250	02/26/2020	NR	Romania	RON	0.31
Romania Government Bond	5.850	04/26/2023	NR	Romania	RON	0.31
Republic Of South Africa Government Bon	6.750	03/31/2021	BB+	South Africa	ZAR	0.30
Russian Federal Bond - Ofz	6.400	05/27/2020	BB+	Russian Federation	RUB	0.30
Turkey Government Bond	9.400	07/08/2020	NR	Turkey	TRY	0.30
Malaysia Government Bond	4.232	06/30/2031	A-	Malaysia	MYR	0.30
Turkey Government Bond	10.529	01/15/2020	BBB-	Turkey	TRY	0.30
Colombian Tes	5.000	11/21/2018	BBB	Colombia	COP	0.30
Romania Government Bond	5.950	06/11/2021	NR	Romania	RON	0.30
Romania Government Bond	4.750	02/24/2025	NR	Romania	RON	0.29
Russian Federal Bond - Ofz	7.700	03/23/2033	BB+	Russian Federation	RUB	0.29
Republic Of South Africa Government Bon	7.750	02/28/2023	BB+	South Africa	ZAR	0.29
Malaysia Government Bond	4.048	09/30/2021	A-	Malaysia	MYR	0.29
Malaysia Government Bond	3.800	08/17/2023	A-	Malaysia	MYR	0.29
Russian Federal Bond - Ofz	7.600	07/20/2022	BB+	Russian Federation	RUB	0.29
Bonos De La Tesoreria De La Republica E	4.500	02/28/2021	AA	Chile	CLP	0.29
European Bank For Reconstruction & Deve	7.375	04/15/2019	NR	Supra- National	IDR	0.28
Turkey Government Bond	8.523	09/14/2022	BBB-	Turkey	TRY	0.27
Malaysia Government Bond	3.659	10/15/2020	A-	Malaysia	MYR	0.27
European Investment Bank	8.500	07/25/2019	AAA	Supra- National	TRY	0.27
Turkey Government Bond	7.400	02/05/2020	NR	Turkey	TRY	0.27
Romania Government Bond	3.500	12/19/2022	NR	Romania	RON	0.27
Malaysia Government Investment Issue	4.070	09/30/2026	NR	Malaysia	MYR	0.27
Hungary Government Bond	2.500	10/27/2021	BBB-	Hungary	HUF	0.26
Romania Government Bond	3.250	03/22/2021	NR	Romania	RON	0.26
Romania Government Bond	5.750	04/29/2020	NR	Romania	RON	0.26
Thailand Government Bond	2.125	12/17/2026	BBB+	Thailand	THB	0.26
Malaysia Government Bond	3.480	03/15/2023	A-	Malaysia	MYR	0.26
Malaysia Government Bond	3.654	10/31/2019	A-	Malaysia	MYR	0.25
Romania Government Bond	2.500	04/29/2019	NR	Romania	RON	0.25
Russian Federal Bond - Ofz	7.600	04/14/2021	BB+	Russian Federation	RUB	0.25
Romania Government Bond	5.800	07/26/2027	NR	Romania	RON	0.24
Romania Government Bond	5.600	11/28/2018	NR	Romania	RON	0.24
Romania Government Bond	4.750	06/24/2019	NR	Romania	RON	0.24
European Investment Bank	8.750	09/18/2021	AAA	Supra- National	TRY	0.24
Russian Federal Bond - Ofz	6.800	12/11/2019	BB+	Russian Federation	RUB	0.24
Russian Federal Bond - Ofz	6.998	01/25/2023	BB+	Russian Federation	RUB	0.24
Colombian Tes	7.000	06/30/2032	NR	Colombia	COP	0.24
European Investment Bank	4.250	10/25/2022	AAA	Supra- National	PLN	0.23
Indonesia Treasury Bond	9.500	07/15/2031	BBB-	Indonesia	IDR	0.22
European Bank For Reconstruction & Deve	9.250	12/02/2020	NR	Supra- National	IDR	0.22
Malaysia Government Bond	3.418	08/15/2022	A-	Malaysia	MYR	0.22
Indonesia Treasury Bond	11.000	09/15/2025	BBB-	Indonesia	IDR	0.21
Indonesia Treasury Bond	10.500	08/15/2030	BBB-	Indonesia	IDR	0.21
Turkey Government Bond	10.400	03/27/2019	BBB-	Turkey	TRY	0.21
Malaysia Government Bond	3.900	11/30/2026	A-	Malaysia	MYR	0.20
Brazil Letras Do Tesouro Nacional	0.000	07/01/2021	NR	Brazil	BRL	0.20
Hungary Government Bond	3.000	10/27/2027	NR	Hungary	HUF	0.20
Peru Government Bond	7.840	08/12/2020	A-	Peru	PEN	0.20
Turkey Government Bond	10.400	03/20/2024	BBB-	Turkey	TRY	0.19
International Bank For Reconstruction &	7.500	03/05/2020	AAA	Supra- National	MXN	0.19
Brazil Letras Do Tesouro Nacional	0.000	10/01/2019	NR	Brazil	BRL	0.19
International Bank For Reconstruction &	8.000	03/02/2020	NR	Supra- National	COP	0.18
Indonesia Treasury Bond	5.624	05/15/2023	BBB-	Indonesia	IDR	0.18
Indonesia Treasury Bond	6.125	05/15/2028	BBB-	Indonesia	IDR	0.18
Landwirtschaftliche Rentenbank	6.000	03/18/2019	AAA	Germany	ZAR	0.18
Empresas Publicas De Medellin Esp	8.375	02/01/2021	BBB	Colombia	COP	0.18
Transnet Soc Ltd	10.800	11/06/2023	NR	South Africa	ZAR	0.17
Russian Federal Bond - Ofz	7.100	10/16/2024	BB+	Russian Federation	RUB	0.17
Czech Republic Government Bond	1.000	06/26/2026	NR	Czech Republic	CZK	0.17
Republic Of South Africa Government Bon	7.250	01/15/2020	BB+	South Africa	ZAR	0.16
Financiera De Desarrollo Territorial Sa	7.875	08/12/2024	BBB	Colombia	COP	0.16
Malaysia Government Bond	3.899	11/16/2027	NR	Malaysia	MYR	0.16
Russian Federal Bond - Ofz	7.500	02/27/2019	BB+	Russian Federation	RUB	0.16
Malaysia Government Bond	3.759	03/15/2019	A-	Malaysia	MYR	0.16
Thailand Government Bond	3.450	03/08/2019	BBB+	Thailand	THB	0.15
Turkey Government Bond	9.200	09/22/2021	BBB-	Turkey	TRY	0.15
Petroleos Mexicanos	7.650	11/24/2021	BBB+	Mexico	MXN	0.15
Perusahaan Penerbit Sbsn Indonesia	8.250	09/15/2020	NR	Indonesia	IDR	0.14
Hungary Government Bond	2.000	10/30/2019	BBB-	Hungary	HUF	0.14
Czech Republic Government Bond	0.000	02/10/2020	NR	Czech Republic	CZK	0.14
Malaysia Government Bond	3.620	11/30/2021	A-	Malaysia	MYR	0.14
Malaysia Government Bond	4.254	05/31/2035	A-	Malaysia	MYR	0.14
European Investment Bank	7.500	09/10/2020	AAA	Supra- National	ZAR	0.14
Mexican Bonos	8.000	11/07/2047	BBB+	Mexico	MXN	0.14
Czech Republic Government Bond	0.950	05/15/2030	NR	Czech Republic	CZK	0.13
Brazil Notas Do Tesouro Nacional Ser F	10.000	01/01/2019	BB	Brazil	BRL	0.12
International Bank For Reconstruction &	4.000	08/16/2018	AAA	Supra- National	MXN	0.12
Turkey Government Bond	8.800	11/14/2018	BBB-	Turkey	TRY	0.12
Czech Republic Government Bond	0.450	10/25/2023	NR	Czech Republic	CZK	0.12
European Bank For Reconstruction & Deve	8.000	10/11/2018	NR	Supra- National	TRY	0.11
Hungary Government Bond	5.500	12/20/2018	BBB-	Hungary	HUF	0.11
Kreditanstalt Fuer Wiederaufbau	10.000	03/06/2019	AAA	Germany	TRY	0.10
Hungary Government Bond	1.750	10/26/2022	NR	Hungary	HUF	0.10
Hungary Government Bond	1.000	09/23/2020	NR	Hungary	HUF	0.10
European Investment Bank	0.000	08/27/2021	AAA	Supra- National	BRL	0.09
European Investment Bank	9.125	10/07/2020	AAA	Supra- National	TRY	0.09
Perusahaan Penerbit Sbsn Indonesia	8.875	11/15/2031	NR	Indonesia	IDR	0.09
European Investment Bank	4.000	02/25/2020	AAA	Supra- National	MXN	0.09
International Bank For Reconstruction &	10.300	03/05/2019	NR	Supra- National	RUB	0.09
Indonesia Treasury Bond	7.875	04/15/2019	NR	Indonesia	IDR	0.09
Republic Of Colombia	9.850	06/28/2027	BBB	Colombia	COP	0.09
European Investment Bank	7.500	01/30/2019	AAA	Supra- National	ZAR	0.08
Turkey Government Bond	8.500	07/10/2019	NR	Turkey	TRY	0.08
Republic Of South Africa Government Bon	9.000	01/31/2040	BB+	South Africa	ZAR	0.08
European Investment Bank	7.200	07/09/2019	AAA	Supra- National	IDR	0.08
Malaysia Government Investment Issue	3.226	04/15/2020	NR	Malaysia	MYR	0.08
Kreditanstalt Fuer Wiederaufbau	7.875	01/15/2020	AAA	Germany	ZAR	0.07
Malaysia Government Investment Issue	4.390	07/07/2023	NR	Malaysia	MYR	0.06
Landwirtschaftliche Rentenbank	8.250	05/23/2022	AAA	Germany	ZAR	0.06
Kreditanstalt Fuer Wiederaufbau	9.250	05/22/2020	AAA	Germany	TRY	0.06
European Investment Bank	5.200	03/01/2022	AAA	Supra- National	IDR	0.06
Indonesia Treasury Bond	7.500	08/15/2032	NR	Indonesia	IDR	0.06
European Investment Bank	10.750	11/15/2019	AAA	Supra- National	TRY	0.05
Brazilian Government International Bond	10.250	01/10/2028	BB	Brazil	BRL	0.05
Inter-American Development Bank	7.875	03/14/2023	NR	Supra- National	IDR	0.05
Malaysia Government Bond	4.059	09/30/2024	NR	Malaysia	MYR	0.05
Empresas Publicas De Medellin Esp	7.625	09/10/2024	BBB	Colombia	COP	0.04
Indonesia Treasury Bond	11.000	11/15/2020	BBB-	Indonesia	IDR	0.04
European Investment Bank	0.000	10/22/2019	AAA	Supra- National	BRL	0.04
Eskom Holdings Soc Ltd	7.850	04/02/2026	NR	South Africa	ZAR	0.04
International Finance Corp	12.000	01/29/2019	NR	Supra- National	BRL	0.04
Thailand Government Bond	3.580	12/17/2027	BBB+	Thailand	THB	0.04
Eskom Holdings Soc Ltd	0.000	08/18/2027	BB-	South Africa	ZAR	0.04
Transnet Soc Ltd	9.500	08/19/2025	NR	South Africa	ZAR	0.04
Petroleos Mexicanos	7.190	09/12/2024	BBB+	Mexico	MXN	0.04
Brazilian Government International Bond	8.500	01/05/2024	BB	Brazil	BRL	0.03
European Investment Bank	9.000	12/21/2018	AAA	Supra- National	ZAR	0.03
Colombia Government International Bond	7.750	04/14/2021	BBB	Colombia	COP	0.03
European Investment Bank	8.500	09/17/2024	AAA	Supra- National	ZAR	0.03
European Investment Bank	5.250	09/03/2018	AAA	Supra- National	TRY	0.03
Brazilian Government International Bond	12.500	01/05/2022	BB	Brazil	BRL	0.03
European Investment Bank	6.950	02/06/2020	AAA	Supra- National	IDR	0.02
Bonos Del Banco Central De Chile En Pes	4.500	06/01/2020	NR	Chile	CLP	0.02
Eskom Holdings Soc Ltd	9.250	04/20/2018	NR	South Africa	ZAR	0.02
Eskom Holdings Soc Ltd	7.500	09/15/2033	NR	South Africa	ZAR	0.01
Concessionaria Ecovias Dos Imigrantes	4.280	04/15/2024	NR	Brazil	BRL	0.01
Transnet Soc Ltd	13.500	04/18/2028	BBB-	South Africa	ZAR	0.01
Uruguay Government International Bond	8.500	03/15/2028	NR	Uruguay	UYU	0.01
Malaysia Government Bond	3.844	04/15/2033	A-	Malaysia	MYR	0.00
Indonesia Treasury Bond	12.800	06/15/2021	BBB-	Indonesia	IDR	0.00
Inter-American Development Bank	7.000	02/04/2019	AAA	Supra- National	IDR	0.00
Thailand Government Bond	4.750	12/20/2024	BBB+	Thailand	THB	0.00
Other/Cash	--	--	--	--	USD	-0.01

†See Country of Risk disclosure. These are not recommendations to buy or to sell any security. Securities and holdings may vary. Composite Rating: An evenly weighted blend of a security's Moody's, S&P, Fitch and DBRS ratings. Not Rated indicates that a security is rated by fewer than two of the four rating agencies. This composite is not intended to be a credit opinion. These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Important Disclosure

VanEck only serves professional clients in countries where the funds are registered or where funds can be sold in accordance with local private placement rules.

¹30-Day SEC Yield is a standard yield calculation developed by the Securities and Exchange Commission that allows for fairer comparisons among funds. It is based on the most recent 30-day period. This yield figure reflects the interest earned during the period after deducting the Fund's expenses for the period. It does not reflect the yield an investor would have received if they had held the Fund over the last twelve months assuming the most recent NAV. Distributions may vary from time to time. In the absence of temporary expense waivers or reimbursements, the 30-Day SEC Yield for VanEck Vectors J.P. Morgan EM Local Currency Bond ETF would have been 5.61% on 09/20/2017. The Distribution Yield is the annual yield an investor would receive if the most recent Fund distribution stayed the same going forward. The yield represents a single distribution from the Fund and does not represent the total return of the Fund. The yield is calculated by annualizing the most recent distribution and dividing by the Fund NAV from the as-of date. The 12-Month Yield is the yield an investor would have received if they had held the fund over the last 12 months assuming the most recent NAV. The 12-month yield is calculated by summing any income distributions over the past 12 months and dividing by the sum of the most recent NAV and any capital gain distributions made over the past 12 months. Yield information reflects temporary waivers of expenses and/or fees. Yields would have been reduced had these fees/expenses been included.

²EMLC Fees & Expenses: Van Eck Associates Corporation (the "Adviser") has agreed to waive fees and/or pay Fund expenses to the extent necessary to prevent the operating expenses of the Fund (excluding acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses) from exceeding 0.44% of the Fund's average daily net assets per year until at least September 1, 2018. During such time, the expense limitation is expected to continue until the Fund's Board of Trustees acts to discontinue all or a portion of such expense limitation. TER, or Total Expense Ratio, is also referred to as "Net Expense Ratio".

³Morningstar Ratings: If applicable, when the ETF is rated three stars or more for any given period. ©Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

⁴These figures represent averages. Yield to Worst measures the lowest of either yield-to-maturity or yield-to-call date on every possible call date. Yield to Maturity is the annualized return on a bond held to maturity. Effective Duration measures a bond's sensitivity to interest rate changes that reflects the change in a bond's price given a change in yield. This duration measure is appropriate for bonds with embedded options.Modified Duration measures a bond's sensitivity to interest rate changes that reflects the change in a bond's price given a change in yield.Duration to Worst measures the duration of a bond computed using the bond's nearest call date or maturity, whichever comes first. This measure ignores future cash flow fluctuations due to embedded optionality. Spread Duration measures a bond's price sensitivity to a 100 basis point change to its option-adjusted spread. As the rate of the Treasury security in the option-adjusted spread increases, the rate of the option-adjusted spread also increases.Years to Maturity is the period of time for which a financial instrument remains outstanding. Maturity refers to a finite time period at the end of which the financial instrument will cease to exist and the principal is repaid. Coupon is measured by weighting the coupon of each bond by its relative size in the portfolio. Coupons are fixed percentages paid on a fixed-income security on an annual basis. Averages are market weighted. The Coupon and Yield to Worst do not represent the performance of the Fund. These statistics do not take into account fees and expenses associated with investments of the Fund.

⁵IIV is an abbreviation for the intraday indicative value of an ETF's Shares (and is also known as the Indicative Optimized Portfolio Value or IOPV), and is disseminated every 15 seconds during regular trading hours. The IIV is based on the current market value of the securities and/or cash required to be deposited in exchange for a Creation Unit. The IIV does not necessarily reflect the precise composition of the current portfolio of securities held by the Fund at a particular point in time or the best possible valuation of the current portfolio. Therefore, the IIV should not be viewed as a "real-time" update of the Fund's NAV, which is computed only once a day. The Fund is not involved in, or responsible for, the calculation or dissemination of the IIV and makes no warranty as to its accuracy.

⁶The S&P 500® Index consists of 500 widely held common stocks covering industrial, utility, financial and transportation sector; as an Index, it is unmanaged and is not a security in which investments can be made.

⁷Preliminary NAIC Designations are the intellectual property of the National Association of Insurance Commissioners (NAIC) and are redistributed here under License. A Preliminary NAIC Designation is an opinion of the NAIC Securities Valuation Office (SVO) of the probable credit quality designation that would be assigned by the SVO to an investment if purchased by an insurance company and reported to the SVO. A Preliminary NAIC Designation is only one of the regulatory factors considered by the SVO as part of its analysis of probable regulatory treatment under the Regulatory Treatment Analysis Service (RTAS). A full discussion of such other regulatory factors is set forth in the RTAS Letter provided to Van Eck Associates Corporation. A Preliminary NAIC Designation cannot be used to report the ETF to state insurance regulators. However, the purchasing insurance company may obtain an NAIC Designation for the ETF by filing the security and final documents for the ETF with the SVO. The indication of probable regulatory treatment indicated by a Preliminary NAIC Designation is not a recommendation to purchase the ETF and is not intended to convey approval or endorsement of the ETF Sponsor or the ETF by the NAIC.

The SVO of the NAIC assesses the credit quality of fixed income securities owned by state-regulated insurance companies and assigns appropriate NAIC designations, ranging from the highest quality of 1 to the lowest of 6. Designations only measure credit risk and do not measure other risks or factors such as volatility, interest rate, prepayment, extension or liquidity risk.

An investment in the Fund may be subject to risks which include, among others, credit risk, call risk, interest rate risk, and sovereign defaults, all of which may adversely affect the Fund. High yield bonds may be subject to greater risk of loss of income and principal and are likely to be more sensitive to adverse economic changes than higher rated securities. International investing involves additional risks which include greater market volatility, the availability of less reliable financial information, higher transactional and custody costs, taxation by foreign governments, decreased market liquidity and political instability. Changes in currency exchange rates may negatively impact the Fund's return. Investments in emerging markets securities are subject to elevated risks which include, among others, expropriation, confiscatory taxation, issues with repatriation of investment income, limitations of foreign ownership, political instability, armed conflict and social instability. The Fund's assets may be concentrated in a particular sector or region and may be subject to more risk than investments in a diverse group of sectors or regions.

VanEck Vectors J.P. Morgan EM Local Currency Bond ETF (EMLC) is not sponsored, endorsed, sold or promoted by J.P. Morgan and J.P. Morgan makes no representation regarding the advisability of investing in EMLC. J.P. Morgan does not warrant the completeness or accuracy of the J.P. Morgan GBI-EMG Core Index. "J.P. Morgan" is a registered service mark of JPMorgan Chase & Co. © 2014. JPMorgan Chase & Co. All rights reserved.

Index returns are not Fund returns and do not reflect any management fees or brokerage expenses. Investors can not invest directly in the Index. Returns for actual Fund investors may differ from what is shown because of differences in timing, the amount invested and fees and expenses. Index returns assume that dividends have been reinvested.

Country of Risk: Country of risk is defined using the International Organization for Standardization’s (ISO) country codes which take four factors into account (listed in order of importance): management location, country of primary listing, country of revenue and reporting currency of the issuer. Management location is defined by country of domicile unless location of such key players as the CEO, CFO, COO or General Counsel is otherwise. For sovereign bonds, the country of domicile is used.

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.

Fund shares are not individually redeemable and will be issued and redeemed at their NAV only through certain authorized broker-dealers in large, specified blocks of shares called "creation units" and otherwise can be bought and sold only through exchange trading. Shares may trade at a premium or discount to their NAV in the secondary market. You will incur brokerage expenses when trading Fund shares in the secondary market. Past performance is no guarantee of future results. Returns for actual Fund investments may differ from what is shown because of differences in timing, the amount invested, and fees and expenses.

The performance data quoted represents past performance. Past performance is not a guarantee of future results. Performance information for the Fund reflects temporary waivers of expenses and/or fees. Had the Fund incurred all expenses, investment returns would have been reduced. Investment return and value of the shares of the Fund will fluctuate so that an investor's shares, when sold, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted. Fund returns reflect dividends and capital gains distributions. Performance current to the most recent month end is available by calling 800.826.2333 or on this web page.

Investing involves substantial risk and high volatility, including possible loss of principal. Bonds and bond funds will decrease in value as interest rates rise. An investor should consider the investment objective, risks, charges and expenses of the Fund carefully before investing. To obtain a prospectus and summary prospectus , which contains this and other information, call 800.826.2333 or visit vaneckcom/etfs Please read the prospectus and summary prospectus carefully before investing.

This content is published in the United States for residents of specified countries. Investors are subject to securities and tax regulations within their applicable jurisdictions that are not addressed on this content. Nothing in this content should be considered a solicitation to buy or an offer to sell shares of any investment in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction, nor is it intended as investment, tax, financial, or legal advice. Investors should seek such professional advice for their particular situation and jurisdiction.

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EMLC VanEck Vectors J.P. Morgan EM Local Currency Bond ETF

Fund Description

as of 09/19/17

Portfolio Composition (%)as of 09/20/17

Download All Fund Holdings »Daily Holdings (%) as of 09/20/17

EMLC
VanEck Vectors J.P. Morgan EM Local Currency Bond ETF

Portfolio Composition (%)
as of 09/20/17