Individual Investors

Subscribe to email updates

Subscribe now

Financial Professionals

Subscribe to email updates, or password protected financial professional-only content
email address/username
password

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
    • 2016 NAIC
      Designation7

      3
  •  
    as of 02/24/17

    • 30-Day SEC Yield1

      5.82%
    • Total Net Assets

      $2.8B
    • Number of Holdings

      253
    • Options

      Available
    • Gross Expense Ratio2

      0.51%
    • Net Expense Ratio/TER2

      0.47%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      02/28/2017
  • Index Key Points

    The J.P. Morgan GBI-EMG Core Index (GBIEMCOR) comprises: 

    Local currency bonds issued by emerging market governments.

    Market-cap weighted:
    Country Max: 10%; Min: 3%  

    Index Provider: J.P. Morgan

  • Index Profile

    • Ticker

      GBIEMCOR
    • Inception Date

      07/22/2010
    • Rebalance Frequency

      Monthly
  • Index Fundamentals4
    as of 02/23/17

    • Yield to Worst

      6.37%
    • Yield to Maturity

      6.37%
    • Effective Duration (yrs)

      4.93
    • Years to Maturity

      7.40
    • Modified Duration (yrs)

      4.96
    • Coupon

      6.21%
     4 See Important Disclosure for definitions.
  • Top 10 Constituents (%)as of 01/31/17

    Total Constituents: 199
    Constituent Name
    Coupon
    MaturityWeighting (%)
    Republic Of Chile
    5.500
    08/05/2020
    3.00
    Republic Of South Africa
    10.500
    12/21/2026
    1.65
    Titulos De Tesoreria B
    10.000
    07/24/2024
    1.37
    Republic Of Philippines
    6.250
    01/14/2036
    1.32
    Nota Do Tesouro Nacional
    10.000
    01/01/2021
    1.26
    Nota Do Tesouro Nacional
    10.000
    01/01/2023
    1.24
    Mex Bonos Desarr Fix Rt
    6.500
    06/10/2021
    1.20
    Letra Tesouro Nacional
    0.000
    01/01/2019
    1.16
    Mex Bonos Desarr Fix Rt
    10.000
    12/05/2024
    1.16
    Indonesia Government
    8.375
    03/15/2024
    1.15
    Top 10 Total (%)14.51
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.
  • Index Country Weightings (%) as of 01/31/17

    • Country

      % of Net Assets
    • MEXICO

      10.00
    • INDONESIA

      10.00
    • BRAZIL

      10.00
    • SOUTH AFRICA

      9.51
    • POLAND

      9.23
    • MALAYSIA

      7.15
    • TURKEY

      6.78
    • COLOMBIA

      6.71
    • THAILAND

      6.66
    • RUSSIA

      5.68
    • HUNGARY

      4.82
    • ROMANIA

      3.29
    • PHILIPPINES

      3.00
    • CHILE

      3.00
    • PERU

      3.00
    • NA / UNDEFINED

      1.17
  • Sector Weightings (%) as of 01/31/17

    • Sector

      % of Net Assets
    • Government

      100.0
  • Index Credit Quality (%) as of 01/31/17

    Composite % of Net Assets
    Investment Grade AA 3.00
    A 20.26
    BBB 38.79
    Non-Investment Grade BB 12.99
    Total Investment Grade -- 62.04
    Total Non-Investment Grade -- 12.99
    Not Rated -- 24.97
    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.
  • Maturity (%) as of 01/31/17

    Average Maturity: 7.42 Years