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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-EM Global 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

    State Street Bank and Trust Company
  • Index Ticker

    GBIEMCOR
  • Index Rebalancing

    Monthly
  • 2019 Preliminary NAIC Designation7

    3

 
as of 12/06/19

  • 30-Day SEC Yield1

    5.22%
  • Total Net Assets

    $4.8B
  • Number of Holdings

    297
  • Options

    Available
  • Gross Expense Ratio2

    0.41%
  • Net Expense Ratio/TER2

    0.30%
  • Distribution Frequency

    Monthly
  • Next Distribution Date

    12/27/2019
1,2,7 See Important Disclosure

Country Weightings (%) as of 11/30/19

  • Country

    % of Net Assets
  • Brazil

    10.19
  • Indonesia

    8.99
  • Mexico

    8.91
  • Thailand

    8.55
  • South Africa

    8.09
  • Poland

    7.27
  • Russia

    6.26
  • Supra-National

    5.20
  • Malaysia

    4.74
  • Colombia

    4.62
  • Hungary

    3.14
  • Uruguay

    3.02
  • Turkey

    3.02
  • Czech

    2.99
  • Romania

    2.98
  • Peru

    2.97
  • Chile

    2.92
  • Dominican Repb.

    1.62
  • Philippines

    0.95
  • Germany

    0.09
  • Other/Cash

    3.48

Portfolio Composition (%)
as of 11/30/19

  • % of Net Assets
  • Stocks

    0.00
  • Bonds

    100.07
  • Other

    0.04
  • Cash

    -0.11

Currency Exposure (%)
as of 11/29/19

  • Brazilian Real

    10.27
  • Indonesian Rupiah

    10.03
  • Mexican Peso

    10.00
  • ZAR

    8.83
  • Thai Baht

    8.55
  • Polish Zloty

    8.11
  • Russian Ruble

    7.70
  • Malaysian Ringgit

    4.74
  • Colombian Peso

    4.62
  • Hungarian Forint

    3.14
  • Turkish Lira

    3.13
  • Uruguay Peso

    3.02
  • Czech Koruna

    2.99
  • New Romanian Leu

    2.98
  • Peruvian New Sol

    2.97
  • Chilean Peso

    2.92
  • Dominican Rep. Peso

    1.62
  • Philippines Peso

    0.95
  • Other/Cash

    3.43

Credit Quality (%) as of 11/30/19

Composite % of Net Assets
Investment Grade AAA 2.44
AA 0.55
A 5.94
BBB 21.18
Non-Investment Grade BB 12.98
B 0.03
Total Investment Grade -- 30.11
Total Non-Investment Grade -- 13.01
Not Rated -- 56.89
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.

3-YR Risk Measures*
as of 11/30/19

  • Beta vs. S&P 500 Index

    0.25
  • Correlation vs. S&P 500 Index

    0.32
  • Volatility (Standard Deviation)

    9.31
  • Sharpe Ratio

    0.28

Source: Van Eck Global, FactSet

*Beta is a measure of sensitivity to market movements. Correlation measures the extent of linear association between the ETF performance and the index performance. Volatility is the annualized standard deviation of the ETF's monthly returns. Sharpe ratio measures risk-adjusted return, and represents the ETF's return less the risk free rate divided by the standard deviation. See S&P 500 Index definition.6

Sector Weightings (%) as of 11/30/19

  • Sector

    % of Net Assets
  • Government

    95.9
  • Financial

    0.2
  • Industrial

    0.2
  • Utilities

    0.2
  • Energy

    0.1
  • Other/Cash

    3.4

Maturity (%) as of 11/30/19

 Average Portfolio Maturity: 7.65 Years