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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

    Bank of New York Mellon
  • Index Ticker

    GBIEMCOR
  • Index Rebalancing

    Monthly
  • 2019 Preliminary NAIC Designation7

    3

 
as of 08/19/19

  • 30-Day SEC Yield1

    6.31%
  • Total Net Assets

    $5.1B
  • Number of Holdings

    284
  • Options

    Available
  • Gross Expense Ratio2

    0.46%
  • Net Expense Ratio/TER2

    0.30%
  • Distribution Frequency

    Monthly
  • Next Distribution Date

    08/30/2019
1,2,7 See Important Disclosure

Country Weightings (%) as of 07/31/19

  • Country

    % of Net Assets
  • Brazil

    9.97
  • Mexico

    9.16
  • Indonesia

    8.98
  • South Africa

    7.83
  • Thailand

    7.74
  • Poland

    7.31
  • Russia

    5.61
  • Colombia

    4.74
  • Malaysia

    4.13
  • Supra-National

    4.10
  • Uruguay

    3.01
  • Philippines

    2.99
  • Peru

    2.98
  • Hungary

    2.98
  • Chile

    2.98
  • Czech

    2.98
  • Dominican Repb.

    2.97
  • Romania

    2.97
  • Argentina

    2.95
  • Turkey

    2.90
  • Other/Cash

    0.73

Portfolio Composition (%)
as of 07/31/19

  • % of Net Assets
  • Stocks

    0.00
  • Bonds

    99.34
  • Other

    0.00
  • Cash

    0.66

Currency Exposure (%)
as of 07/31/19

  • Brazilian Real

    9.98
  • Mexican Peso

    9.97
  • Indonesian Rupiah

    9.95
  • South African Rand

    8.42
  • Polish Zloty

    7.91
  • Thai Baht

    7.74
  • Russian Ruble

    6.69
  • Colombian Peso

    4.74
  • Malaysian Ringgit

    4.13
  • Uruguay Peso

    3.01
  • Turkish Lira

    3.00
  • Philippines Peso

    2.99
  • Peruvian New Sol

    2.98
  • Hungarian Forint

    2.98
  • Chilean Peso

    2.98
  • Czech Koruna

    2.98
  • Dominican Repb.

    2.97
  • New Romanian Leu

    2.97
  • Argentinian Peso

    2.95
  • Other/Cash

    0.66

Credit Quality (%) as of 07/31/19

Composite % of Net Assets
Investment Grade AAA 2.79
AA 0.02
A 11.30
BBB 34.51
Non-Investment Grade BB 20.68
B 0.04
Total Investment Grade -- 48.62
Total Non-Investment Grade -- 20.72
Not Rated -- 30.66
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 07/31/19

  • Beta vs. S&P 500 Index

    0.18
  • Correlation vs. S&P 500 Index

    0.23
  • Volatility (Standard Deviation)

    9.75
  • Sharpe Ratio

    0.18

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 07/31/19

  • Sector

    % of Net Assets
  • Government

    98.8
  • Industrial

    0.2
  • Financial

    0.2
  • Utilities

    0.1
  • Energy

    0.1
  • Other/Cash

    0.7

Maturity (%) as of 07/31/19

 Average Portfolio Maturity: 7.68 Years