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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 12/06/16

    • 30-Day SEC Yield1

      5.96%
    • 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 10/31/16

    Category Overall 3 Year 5 Year
    Emerging Markets Local Currency Bond
       
    3 stars of 83 Funds
       
    3 stars of 83 Funds
       
    3 stars of 62 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 12/06/16

    • 30-Day SEC Yield1

      5.96%
    • Distribution Yield1

      5.23%
    • 12-Month Yield1

      5.37%
     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

      130,000,000
    • Estimated Cash

      EMLCEU
    • Total Cash

      EMLCTC
    • CUSIP

      92189F494
    • ISIN

      US92189F4946
    5See IIV Details. Source: Bloomberg
  • Fundamentals4
    as of 12/01/16

    • Yield to Worst

      6.78%
    • Yield to Maturity

      6.79%
    • Effective Duration (yrs)

      4.85
    • Years to Maturity

      7.33
    • Modified Duration (yrs)

      4.88
    • Coupon

      6.23%
     4 See Important Disclosure for definitions.
  • Prices as of 12/06/16

    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 $17.48
    $17.55
    1,284,815
    947,854
    $0.16 / +0.94%
    $0.24 / +1.39%
    +7.9%
    +8.3%
    $0.07
    0.39%
  • 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) -6.93 -6.04 7.43 4.61 -5.03 -2.01 -- -0.78
    EMLC (Share Price) -7.32 -6.48 6.81 3.89 -5.09 -2.16 -- -0.88
    GBIEMCOR (Index) -6.96 -5.90 7.95 5.57 -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 -6.54 5.48 2.71 -6.21 -3.38 -- -2.21
    After Tax Sold -3.92 -3.39 4.24 2.65 -4.26 -2.00 -- -1.06
    Quarter End as of 09/30/16
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    07/22/10
    EMLC (NAV) 1.70 2.34 16.28 15.56 -2.73 -0.08 -- 0.47
    EMLC (Share Price) 2.19 2.28 16.71 16.12 -2.58 -0.01 -- 0.53
    GBIEMCOR (Index) 1.83 2.55 16.82 16.48 -2.17 0.60 -- 1.27
    Performance Differential (NAV - Index) -0.13 -0.21 -0.54 -0.92 -0.56 -0.68 -- -0.80
    After Tax Held 1.52 1.83 14.57 13.86 -3.93 -1.47 -- -0.96
    After Tax Sold 0.96 1.32 9.16 8.75 -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