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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
    • Preliminary NAIC
      Designation7

      2
  •  
    as of 12/08/16

    • 30-Day SEC Yield1

      5.92%
    • Total Net Assets

      $2.3B
    • Number of Holdings

      244
    • Options

      Available
    • Gross Expense Ratio2

      0.51%
    • Net Expense Ratio/TER2

      0.47%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      12/16/2016
  • Morningstar™ Ratings3
    as of 11/30/16

    Category Overall 3 Year 5 Year
    Emerging Markets Local Currency Bond
       
    3 stars of 77 Funds
       
    3 stars of 77 Funds
       
    3 stars of 60 Funds
  • Key Points

    • Seeks to Replicate the J.P. Morgan GBI-EMG Core Index

    • Provides Exposure to Local Bond Markets in Emerging Economies

    • Emerging Markets Currently Have Higher Yields than Developed Markets and Potential for Currency Appreciation
  • Yield
    as of 12/08/16

    • 30-Day SEC Yield1

      5.92%
    • Distribution Yield1

      5.20%
    • 12-Month Yield1

      5.33%
     1 See Important Disclosure for definitions.
  • Fees & Expenses2

    • Management Fee

      0.35%
    • Other Expenses

      0.16%
    • Acquired Fund Fees and Expenses

      --
    • Gross Expense Ratio

      0.51%
    • Fee Waivers and
      Expense Reimbursement

      -0.04%
    • Net Expense Ratio/TER2

      0.47%
    2Expenses for EMLC are capped contractually at 0.47% until 09/01/17. Cap excludes certain expenses, such as interest.
  • Trading Information

    • Fund Ticker

      EMLC
    • Index Total Return Ticker

      GBIEMCOR
    • NAV

      EMLCNV
    • Intraday NAV (IIV)5

      EMLCIV
    • Shares Outstanding

      130,600,000
    • Estimated Cash

      EMLCEU
    • Total Cash

      EMLCTC
    • CUSIP

      92189F494
    • ISIN

      US92189F4946
    5See IIV Details. Source: Bloomberg
  • Fundamentals4
    as of 12/08/16

    • Yield to Worst

      6.63%
    • Yield to Maturity

      6.62%
    • Effective Duration (yrs)

      4.86
    • Years to Maturity

      7.34
    • Modified Duration (yrs)

      4.90
    • Coupon

      6.24%
     4 See Important Disclosure for definitions.
  • Prices as of 12/08/16

    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
    EMLC $17.60
    $17.62
    1,322,539
    1,885,610
    -$0.06 / -0.35%
    $-0.08 / -0.45%
    +9.1%
    +9.2%
    $0.02
    0.12%
  • View All IndicesView All ETFsPerformance History: Average Annual Total Returns* (%)

    1 MO*3 MO*YTD*1 YR3 YR5 YR10 YRLIFE
    07/22/10
    EMLC (NAV)-6.93-6.047.434.61-5.03-2.01---0.78
    EMLC (Share Price)-7.32-6.486.813.89-5.09-2.16---0.88
    GBIEMCOR (Index)-6.96-5.907.955.57-4.40-1.39---0.01
    Performance Differential (NAV - Index)0.03-0.14-0.52-0.96-0.63-0.62---0.77
    After Tax Held-7.11-6.545.482.71-6.21-3.38---2.21
    After Tax Sold-3.92-3.394.242.65-4.26-2.00---1.06
    Quarter End as of 09/30/16
    1 MO*3 MO*YTD*1 YR3 YR5 YR10 YRLIFE
    07/22/10
    EMLC (NAV)1.702.3416.2815.56-2.73-0.08--0.47
    EMLC (Share Price)2.192.2816.7116.12-2.58-0.01--0.53
    GBIEMCOR (Index)1.832.5516.8216.48-2.170.60--1.27
    Performance Differential (NAV - Index)-0.13-0.21-0.54-0.92-0.56-0.68---0.80
    After Tax Held1.521.8314.5713.86-3.93-1.47---0.96
    After Tax Sold0.961.329.168.75-2.59-0.60---0.16
  • Daily HoldingsTop 10 Holdings (%)as of 11/30/16

    Total Holdings: 243
    Holding Name
    Coupon
    Maturity
    Composite
    Rating
    Country
    Currency
    % of Net
    Assets
    Chile Government International Bond
    5.500
    08/05/2020
    AA-
    Chile
    CLP
    3.06
    Philippine Government International Bon
    6.250
    01/14/2036
    BBB-
    Philippines
    PHP
    1.37
    Thailand Government Bond
    3.650
    12/17/2021
    BBB+
    Thailand
    THB
    1.33
    Brazil Notas Do Tesouro Nacional Ser F
    10.000
    01/01/2021
    BB
    Brazil
    BRL
    1.22
    Indonesia Treasury Bond
    8.375
    03/15/2024
    BBB-
    Indonesia
    IDR
    1.22
    Brazil Letras Do Tesouro Nacional
    0.000
    07/01/2018
    BB
    Brazil
    BRL
    1.20
    South Africa Government Bond
    10.500
    12/21/2026
    BBB
    South Africa
    ZAR
    1.20
    Thailand Government Bond
    3.875
    06/13/2019
    BBB+
    Thailand
    THB
    1.14
    Brazil Notas Do Tesouro Nacional Ser F
    10.000
    01/01/2023
    BB
    Brazil
    BRL
    1.12
    Indonesia Treasury Bond
    8.375
    09/15/2026
    NR
    Indonesia
    IDR
    1.11
    Top 10 Total (%)13.97

    These are not recommendations to buy or to sell any security. Securities and holdings may vary.

  • Country Weightings (%) as of 11/30/16

    • Country

      % of Net Assets
    • POLAND

      9.42
    • BRAZIL

      8.74
    • INDONESIA

      8.61
    • MEXICO

      8.60
    • SOUTH AFRICA

      7.81
    • MALAYSIA

      7.38
    • SUPRA-NATIONAL

      6.99
    • THAILAND

      6.62
    • COLOMBIA

      6.40
    • TURKEY

      5.90
    • RUSSIA

      5.23
    • HUNGARY

      4.92
    • ROMANIA

      3.44
    • CHILE

      3.10
    • PERU

      3.06
    • PHILIPPINES

      3.02
    • GERMANY

      0.68
    • Other/Cash

      0.09
  • Currency Exposure (%)
    as of 11/30/16

    • Brazilian Real

      10.06
    • Polish Zloty

      9.93
    • Indonesian Rupiah

      9.83
    • Mexican Peso

      9.43
    • South African Rand

      9.41
    • Turkish Lira

      7.80
    • Malaysian Ringgit

      7.38
    • Thai Baht

      6.62
    • Colombian Peso

      6.57
    • Russian Ruble

      5.36
    • Hungarian Forint

      4.92
    • New Romanian Leu

      3.44
    • Chilean Peso

      3.10
    • Peruvian New Sol

      3.06
    • Philippines Peso

      3.02
    • Other/Cash

      0.09
  • Sector Weightings (%) as of 11/30/16

    • Sector

      % of Net Assets
    • Government

      97.3
    • Financial

      1.1
    • Utilities

      0.6
    • Industrial

      0.4
    • Energy

      0.3
    • Consumer, Non-cyclical

      0.2
    • Other/Cash

      0.1
  • Credit Quality (%) as of 11/30/16

    Composite % of Net Assets
    Investment Grade AAA 5.63
    AA 3.13
    A 20.16
    BBB 34.42
    Non-Investment Grade BB 13.90
    Total Investment Grade -- 63.34
    Total Non-Investment Grade -- 13.90
    Not Rated -- 21.08
    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 11/30/16

    Average Portfolio Maturity: 7.33 Years