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IGEM
VanEck Vectors EM Investment Grade + BB Rated USD Sovereign Bond ETF

  • Fund Description

    VanEck Vectors EM Investment Grade + BB Rated USD Sovereign Bond ETF (IGEM) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the J.P. Morgan Custom EM Investment Grade Plus BB-Rated Sovereign USD Bond Index (JPEGIGBB), which is comprised primarily of investment grade U.S. dollar-denominated bonds issued by emerging markets (EM) governments.

  •  
      

    • Fund Ticker

      IGEM
    • Exchange

      NYSE Arca
    • Commencement

      07/13/2016
    • ETF Structure

      Physical
    • Administrator

      Van Eck Associates
    • Custodian

      Bank of New York Mellon
    • Index Ticker

      JPEGIGBB
    • Index Rebalancing

      Monthly
    • 2016 Preliminary NAIC
      Designation7

      2
  •  
    as of 03/23/17

    • 30-Day SEC Yield1

      3.63%
    • Total Net Assets

      $14.5M
    • Number of Holdings

      72
    • Options

      Expected
    • Gross Expense Ratio2

      0.45%
    • Net Expense Ratio/TER2

      0.40%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      03/31/2017
  • Key Points

    • Investment Grade EM Sovereign Bonds
      Exposure to the investment grade subset of the broad EM sovereign debt universe

    • Yield Enhancement
      EM investment grade sovereign bonds have historically provided higher yields versus similarly rated U.S. dollar-denominated corporate bonds 5

    • U.S. Dollar-Denominated Bonds
      Seeks to limit exposure to the volatility associated with EM currencies by investing only in U.S. dollar-denominated bonds
  • Yield
    as of 03/23/17

    • 30-Day SEC Yield1

      3.63%
    • Distribution Yield1

      2.96%
    • 12-Month Yield1

      1.76%
     1 See Important Disclosure for definitions.
  • Fees & Expenses2

    • Management Fee

      0.35%
    • Other Expenses

      0.10%
    • Acquired Fund Fees and Expenses

      --
    • Gross Expense Ratio

      0.45%
    • Fee Waivers and
      Expense Reimbursement

      -0.05%
    • Net Expense Ratio/TER2

      0.40%
    2Expenses for IGEM are capped contractually at 0.40% until 09/01/17. Cap excludes certain expenses, such as interest.
  • Trading Information

    • Fund Ticker

      IGEM
    • Index Total Return Ticker

      JPEGIGBB
    • NAV

      IGEMNV
    • Intraday NAV (IIV)5

      IGEMIV
    • Shares Outstanding

      600,000
    • Estimated Cash

      IGEMEU
    • Total Cash

      IGEMTC
    • CUSIP

      92189F346
    • ISIN

      US92189F3468
    5See IIV Details. Source: Bloomberg
  • Fundamentals3
    as of 03/23/17

    • Yield to Worst

      3.87%
    • Yield to Maturity

      3.92%
    • Effective Duration (yrs)

      7.52
    • Years to Maturity

      11.45
    • Modified Duration (yrs)

      7.16
    • Coupon

      5.77%
     3 See Important Disclosure for definitions.
  • Prices as of 03/23/17

    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
    IGEM $24.13
    $23.98
    58
    198
    $0.04 / +0.18%
    $0.00 / +0.00%
    +3.7%
    +2.6%
    $-0.15
    -0.62%
  • View All IndicesView All ETFsPerformance History: Average Annual Total Returns* (%)

    1 MO3 MOYTD1 YR3 YR5 YR10 YRLIFE
    07/13/16
    IGEM (NAV)1.823.693.44---------2.01
    IGEM (Share Price)1.023.172.61---------2.34
    JPEGIGBB (Index)1.924.063.41---------1.28
    Performance Differential (NAV - Index)-0.10-0.370.03---------0.73
    After Tax Held1.713.333.18---------2.65
    After Tax Sold1.032.091.94---------1.14
    Quarter End as of 12/31/16
    1 MO3 MOYTD1 YR3 YR5 YR10 YRLIFE
    07/13/16
    IGEM (NAV)0.25-5.45-----------5.27
    IGEM (Share Price)0.55-5.12-----------4.82
    JPEGIGBB (Index)0.63-5.25-----------4.53
    Performance Differential (NAV - Index)-0.38-0.20-----------0.74
    After Tax Held0.14-5.74-----------5.66
    After Tax Sold0.14-3.08-----------2.97
  • Daily HoldingsTop 10 Holdings (%)as of 02/28/17

    Total Holdings: 72
    Holding Name
    Coupon
    Maturity
    Composite
    Rating
    Country
    Currency
    % of Net
    Assets
    Petronas Capital Ltd
    5.250
    08/12/2019
    A
    Malaysia
    USD
    2.97
    Indonesia Government International Bond
    7.750
    01/17/2038
    BBB
    Indonesia
    USD
    2.88
    Romanian Government International Bond
    4.875
    01/22/2024
    BBB
    Romania
    USD
    2.82
    Export-Import Bank Of China/The
    2.500
    07/31/2019
    AA
    China
    USD
    2.80
    Lithuania Government International Bond
    6.125
    03/09/2021
    A
    Lithuania
    USD
    2.41
    Panama Government International Bond
    9.375
    04/01/2029
    BBB
    Panama
    USD
    2.34
    Croatia Government International Bond
    6.375
    03/24/2021
    BB
    Croatia
    USD
    2.34
    Colombia Government International Bond
    4.375
    07/12/2021
    BBB
    Colombia
    USD
    2.21
    Kazmunaygas National Co Jsc
    7.000
    05/05/2020
    BBB
    Kazakhstan
    USD
    2.15
    Sinopec Group Overseas Development 2015
    3.250
    04/28/2025
    A
    China
    USD
    2.05
    Top 10 Total (%)24.97

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

  • Country Weightings (%) as of 02/28/17

    • Country

      % of Net Assets
    • MEXICO

      8.32
    • INDONESIA

      6.80
    • PHILIPPINES

      6.27
    • COLOMBIA

      5.52
    • POLAND

      5.11
    • SOUTH AFRICA

      4.99
    • CHINA

      4.85
    • PANAMA

      4.85
    • HUNGARY

      4.74
    • RUSSIA

      4.33
    • MALAYSIA

      4.29
    • PERU

      4.21
    • KAZAKHSTAN

      3.99
    • TURKEY

      3.81
    • URUGUAY

      3.70
    • BRAZIL

      3.55
    • ROMANIA

      2.82
    • CHILE

      2.74
    • LITHUANIA

      2.41
    • CROATIA

      2.34
    • Other/Cash

      10.34
  • Currency Exposure (%)
    as of 02/28/17

    • U.S. Dollar

      99.92
    • Other/Cash

      0.08
  • Sector Weightings (%) as of 02/28/17

    • Sector

      % of Net Assets
    • Government

      76.1
    • Energy

      14.6
    • Financial

      3.5
    • Utilities

      3.0
    • Basic Materials

      2.7
    • Other/Cash

      0.1
  • Credit Quality (%) as of 02/28/17

    Composite % of Net Assets
    Investment Grade AA 2.81
    A 17.38
    BBB 58.34
    Non-Investment Grade BB 19.90
    Total Investment Grade -- 78.52
    Total Non-Investment Grade -- 19.90
    Not Rated -- 1.57
    J.P. Morgan Composite Rating: A blend of a security's Moody's, S&P, and Fitch ratings. If all three agencies rate the security, the middle rating is taken. If only two agencies rate a security, the lower rating is taken. If only one agency rates a security, that rating is used. Not rated indicates that a security is rated by fewer than one of the three rating agencies. This composite is not intended to be a credit opinion.
  • Maturity (%) as of 02/28/17

    Average Portfolio Maturity: 11.51 Years