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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 09/27/16

    • 30-Day SEC Yield1

      5.32%
    • Total Net Assets

      $2.2B
    • Number of Holdings

      233
    • Options

      Available
    • Gross Expense Ratio2

      0.51%
    • Net Expense Ratio/TER2

      0.47%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      09/30/2016
  • Morningstar™ Ratings3
    as of 08/31/16

    Category Overall 3 Year 5 Year
    Emerging Markets Local Currency Bond
       
    3 of 83 Funds
       
    3 of 83 Funds
       
    3 of 53
  • 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 09/27/16

    • 30-Day SEC Yield1

      5.32%
    • Distribution Yield1

      5.05%
    • 12-Month Yield1

      5.04%
     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

      118,000,000
    • Estimated Cash

      EMLCEU
    • Total Cash

      EMLCTC
    • CUSIP

      92189F494
    • ISIN

      US92189F4946
    5See IIV Details. Source: Bloomberg
  • Fundamentals4
    as of 09/26/16

    • Yield to Worst

      6.17%
    • Yield to Maturity

      6.18%
    • Effective Duration (yrs)

      4.96
    • Years to Maturity

      7.30
    • Modified Duration (yrs)

      4.99
    • Coupon

      6.26%
     4 See Important Disclosure for definitions.
  • Prices as of 09/27/16

    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 $19.03
    $19.11
    1,315,218
    1,896,901
    $0.05 / +0.25%
    $0.14 / +0.74%
    +16.1%
    +16.6%
    $0.08
    0.44%
  • View All Indices » View All ETFs » Performance History: Average Annual Total Returns* (%)

    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    07/22/10
    EMLC (NAV) -0.02 6.25 14.34 10.33 -2.06 -2.58 -- 0.20
    EMLC (Share Price) -0.60 6.19 14.21 10.09 -1.91 -2.74 -- 0.18
    GBIEMCOR (Index) -0.03 6.49 14.72 11.34 -1.35 -1.85 -- 0.99
    Performance Differential (NAV - Index) 0.01 -0.24 -0.38 -1.01 -0.71 -0.73 -- -0.79
    After Tax Held -0.17 5.69 12.86 8.91 -3.26 -3.93 -- -1.22
    After Tax Sold -0.01 3.53 8.08 5.81 -2.08 -2.43 -- -0.35
    Quarter End as of 06/30/16
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    07/22/10
    EMLC (NAV) 5.59 2.62 13.63 1.42 -3.46 -2.38 -- 0.10
    EMLC (Share Price) 6.09 2.89 14.11 2.17 -2.86 -2.37 -- 0.17
    GBIEMCOR (Index) 5.74 2.81 13.91 2.28 -2.88 -1.65 -- 0.90
    Performance Differential (NAV - Index) -0.15 -0.19 -0.28 -0.86 -0.58 -0.73 -- -0.80
    After Tax Held 5.37 2.02 12.51 0.42 -4.64 -3.73 -- -1.30
    After Tax Sold 3.16 1.47 7.68 0.77 -3.11 -2.27 -- -0.41
  • Daily Holdings »Top 10 Holdings (%)as of 08/31/16

    Total Holdings: 229
    Holding Name
    Coupon
    Maturity
    Composite
    Rating
    Country
    Currency
    % of Net
    Assets
    Chile Government International Bond
    5.500
    08/05/2020
    AA-
    Chile
    CLP
    2.90
    Brazil Notas Do Tesouro Nacional Ser F
    10.000
    01/01/2021
    BB
    Brazil
    BRL
    1.43
    Philippine Government International Bon
    6.250
    01/14/2036
    BBB-
    Philippines
    PHP
    1.38
    Brazil Letras Do Tesouro Nacional
    0.000
    07/01/2018
    BB+
    Brazil
    BRL
    1.36
    Indonesia Treasury Bond
    8.375
    03/15/2024
    BB+
    Indonesia
    IDR
    1.27
    Thailand Government Bond
    3.875
    06/13/2019
    BBB+
    Thailand
    THB
    1.24
    Thailand Government Bond
    3.650
    12/17/2021
    BBB+
    Thailand
    THB
    1.21
    Mexican Bonos
    10.000
    12/05/2024
    A-
    Mexico
    MXN
    1.13
    Philippine Government International Bon
    4.950
    01/15/2021
    BBB-
    Philippines
    PHP
    1.09
    Indonesia Treasury Bond
    8.375
    09/15/2026
    BB+
    Indonesia
    IDR
    1.08
    Top 10 Total (%)14.09

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

  • Country Weightings (%) as of 08/31/16

    • Country

      % of Net Assets
    • POLAND

      9.52
    • MEXICO

      9.19
    • BRAZIL

      8.71
    • INDONESIA

      8.48
    • MALAYSIA

      7.91
    • SUPRA-NATIONAL

      7.15
    • SOUTH AFRICA

      6.95
    • TURKEY

      6.78
    • THAILAND

      6.64
    • COLOMBIA

      6.24
    • HUNGARY

      4.95
    • RUSSIA

      4.79
    • ROMANIA

      3.17
    • PHILIPPINES

      3.07
    • PERU

      3.00
    • CHILE

      2.94
    • GERMANY

      0.52
    • Other/Cash

      -0.01
  • Currency Exposure (%)
    as of 08/31/16

    • Brazilian Real

      10.10
    • Polish Zloty

      10.03
    • Mexican Peso

      10.01
    • Indonesian Rupiah

      9.68
    • Turkish Lira

      8.72
    • South African Rand

      8.60
    • Malaysian Ringgit

      7.91
    • Thai Baht

      6.64
    • Colombian Peso

      6.24
    • Hungarian Forint

      4.95
    • Russian Ruble

      4.93
    • New Romanian Leu

      3.17
    • Philippines Peso

      3.07
    • Peruvian New Sol

      3.00
    • Chilean Peso

      2.94
    • Other/Cash

      -0.01
  • Sector Weightings (%) as of 08/31/16

    • Sector

      % of Net Assets
    • Government

      97.2
    • Financial

      0.9
    • Utilities

      0.7
    • Industrial

      0.4
    • Energy

      0.3
    • Consumer, Non-cyclical

      0.3
    • Other/Cash

      0.0
  • Credit Quality (%) as of 08/31/16

    Composite % of Net Assets
    Investment Grade AAA 5.46
    AA 2.90
    A 20.15
    BBB 28.90
    Non-Investment Grade BB 23.61
    Total Investment Grade -- 57.42
    Total Non-Investment Grade -- 23.61
    Not Rated -- 15.96
    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 08/31/16

    Average Portfolio Maturity: 7.34 Years