Emerging Markets Bonds

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EMLC
VanEck Vectors J.P. Morgan EM Local Currency Bond UCITS ETF

Fund Description

The VanEck Vectors J.P. Morgan EM Local Currency Bond UCITS ETF invests in fixed-income securities issued by the governments of emerging markets denominated in their local currency.

  • Globally diversified portfolio of government bonds issued by emerging markets in their local currency
  • Maximum weighting of 10%, minimum weighting of 3% per country
  • Lowest TER among all UCITS ETFs in this category



Underlying Index

J.P. Morgan GBI-EMG Core Index (GBIEMCOR)

Fund Details
 

  • Fund Ticker

    EMLC
  • Management Company

    VanEck Asset Management B.V.
  • Custodian

    State Street Custodial Services (Ireland) Limited
  • Domicile

    Ireland
  • UCITS Compliant

    YES
  • Index Ticker

    GBIEMCOR
  • Index Provider

    J.P. Morgan
  • Rebalance Frequency

    Monthly
1The "Net Asset Value" (NAV) of all ETFs is determined at the close of each business day, and represents the value of one share of the fund; it is calculated by taking the total assets of the fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV is not necessarily the same as the ETF 's intraday trading value. Investors should not expect to buy or sell ETF shares at NAV.

2The date the fund was launched prior to quotation on the stock exchange.

 
as of 16 Sep 2021

  • NAV1

    63.57
  • Shares Outstanding

    858,750
  • Number of Holdings

    289
  • Base Currency

    USD
  • Net Assets

    $54.6M
  • Product Structure

    Physical (Optimized)
  • Income Treatment

    Reinvestment
  • Distribution Frequency

    None
  • Total Expense Ratio

    0.30%
  • SFDR Classification

    Article 6
  • Fact Sheet
  • ETF Product List
  • Fund Holiday Calendar

Fundamentals3
as of 15 Sep 2021

  • Yield to Worst

    5.33%
  • Yield to Maturity

    5.35%
  • Effective Duration (yrs)

    5.08
  • Years to Maturity

    7.18
  • Modified Duration (yrs)

    5.15
  • Coupon

    5.48%
3These figures represent averages. Yield to Worst measures the lowest of either yield-to-maturity or yield-to-call date on every possible call date. Yield to Maturity is the annualized return on a bond held to maturity. Effective Duration measures a bond's sensitivity to interest rate changes that reflects the change in a bond's price given a change in yield. This duration measure is appropriate for bonds with embedded options. Modified Duration measures a bond's sensitivity to interest rate changes that reflects the change in a bond's price given a change in yield. Duration to Worst measures the duration of a bond computed using the bond's nearest call date or maturity, whichever comes first. This measure ignores future cash flow fluctuations due to embedded optionality. Spread Duration measures a bond's price sensitivity to a 100 basis point change to its option-adjusted spread. As the rate of the Treasury security in the option-adjusted spread increases, the rate of the option-adjusted spread also increases. Years to Maturity is the period of time for which a financial instrument remains outstanding. Maturity refers to a finite time period at the end of which the financial instrument will cease to exist and the principal is repaid. Coupon is measured by weighting the coupon of each bond by its relative size in the portfolio. Coupons are fixed percentages paid on a fixed-income security on an annual basis. Averages are market weighted. The Coupon and Yield to Worst do not represent the performance of the Fund. These statistics do not take into account fees and expenses associated with investments of the Fund.

Trading Information as of 16 Sep 2021

London
Stock Exchange
USD
Exchange Ticker EMLC
ISIN IE00BDS67326
SEDOL BDRXS19
Bloomberg EMLC LN
Reuters (RIC) --
Telekurs 36453832
Bloomberg iNAV EMLCUIV
Reuters iNAV EMLCINAV=SOLA
WKN A2DQKN
Trading Currency USD
Last Traded Price 63.48
Day's Move -0.21
Volume 232
30 Day Volume 660
VWAP Volume 232
London
Stock Exchange
GBP
Exchange Ticker EMGB
ISIN IE00BDS67326
SEDOL BYTPF19
Bloomberg EMGB LN
Reuters (RIC) --
Telekurs 36453832
Bloomberg iNAV EMLCUIV
Reuters iNAV EMLCINAV=SOLA
WKN A2DQKN
Trading Currency GBP
Last Traded Price 46.07
Day's Move 0.06
Volume 239
30 Day Volume 1,421
VWAP Volume 239
Deutsche
Börse
EUR
Exchange Ticker EM1C
ISIN IE00BDS67326
SEDOL BYPCZ25
Bloomberg EM1C GY
Reuters (RIC) --
Telekurs 36453832
Bloomberg iNAV EMLCUEIV
Reuters iNAV EMLCEURINAV=SOLA
WKN A2DQKN
Trading Currency EUR
Last Traded Price 53.99
Day's Move 0.05
Volume 1,031
30 Day Volume 2,663
VWAP Volume 1,031
SIX
Swiss Exchange
CHF
Exchange Ticker EMLC
ISIN IE00BDS67326
SEDOL --
Bloomberg EMLC SE
Reuters (RIC) --
Telekurs 36453832
Bloomberg iNAV EMLCUIV
Reuters iNAV EMLCINAV=SOLA
WKN A2DQKN
Trading Currency CHF
Last Traded Price 58.74
Day's Move 0.00
Volume 0
30 Day Volume 973
VWAP Volume 850
Borsa
Italiana
EUR
Exchange Ticker EMLC
ISIN IE00BDS67326
SEDOL --
Bloomberg EMLC IM
Reuters (RIC) --
Telekurs 36453832
Bloomberg iNAV EMLCUEIV
Reuters iNAV EMLCEURINAV=SOLA
WKN A2DQKN
Trading Currency EUR
Last Traded Price 53.97
Day's Move 0.05
Volume 100
30 Day Volume 507
VWAP Volume 100

NAVs as of 16 Sep 2021

Base
Currency
NAV Daily
Change
NAV
YTD
Change
NAV
NAV Price
History
Total
Expense
Ratio
EMLC USD $63.57 $-0.26 / -0.40% -4.41%
0.30

Performance History* (%)

Month End as of 31 Aug 2021 1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR ETF INCEPTION
ETF (NAV) 0.93 -0.72 -3.27 4.06 4.21 -- -- 1.60
GBIEMCOR (Index) 0.79 -0.80 -2.97 4.54 5.07 2.50 0.30 2.42
Performance Differential (NAV - Index) 0.14 0.08 -0.30 -0.48 -0.86 -- -- -0.82
Quarter End as of 30 Jun 2021 1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR ETF INCEPTION
ETF (NAV) -1.02 3.46 -3.56 6.74 2.57 -- -- 1.59
GBIEMCOR (Index) -1.10 3.53 -3.27 7.33 3.45 2.58 0.44 2.44
Performance Differential (NAV - Index) 0.08 -0.07 -0.29 -0.59 -0.88 -- -- -0.85

Top 10 Holdings (%) as of 31 Aug 2021 View All Holdings »

Total Holdings: 285
Holding Name
Coupon
Maturity
Composite
Rating
Country
Currency
% of Net
Assets
BRAZIL LETRAS DO TESOURO NACIONAL
0.000
01 Jan 2024
BB
Brazil
BRL
2.1072
BRAZIL NOTAS DO TESOURO NACIONAL SERIE
10.000
01 Jan 2023
BB
Brazil
BRL
1.4263
REPUBLIC OF SOUTH AFRICA GOVERNMENT BON
10.500
21 Dec 2026
BB
South Africa
ZAR
1.4176
BRAZIL LETRAS DO TESOURO NACIONAL
0.000
01 Jul 2023
BB
Brazil
BRL
1.1035
BRAZIL NOTAS DO TESOURO NACIONAL SERIE
10.000
01 Jan 2025
BB
Brazil
BRL
1.0624
REPUBLIC OF SOUTH AFRICA GOVERNMENT BON
8.750
28 Feb 2048
BB
South Africa
ZAR
1.0384
BRAZIL NOTAS DO TESOURO NACIONAL SERIE
10.000
01 Jan 2027
BB
Brazil
BRL
0.9705
REPUBLIC OF SOUTH AFRICA GOVERNMENT BON
8.000
31 Jan 2030
BB
South Africa
ZAR
0.9592
URUGUAY GOVERNMENT INTERNATIONAL BOND
8.250
21 May 2031
BBB
Uruguay
UYU
0.9238
CHINA GOVERNMENT BOND
2.850
04 Jun 2027
A
China
CNY
0.8568
Top 10 Total (%) 11.87
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 31 Aug 2021

  • Country

    % of Net Assets
  • Indonesia

    10.19
  • China

    9.99
  • Brazil

    8.98
  • Mexico

    8.43
  • South Africa

    7.54
  • Thailand

    6.60
  • Poland

    6.54
  • Malaysia

    5.97
  • Russia

    5.82
  • Other/Cash

    29.94

Currency Exposure (%)
as of 31 Aug 2021

  • Indonesian Rupiah

    10.19
  • Chinese Renminbi

    9.99
  • Brazilian Real

    8.98
  • Mexican Peso

    8.43
  • South African Rand

    7.54
  • Thailand Baht

    6.60
  • Polish Zloty

    6.54
  • Malaysian Ringgit

    5.97
  • Russian Ruble

    5.82
  • Colombian Peso

    4.16
  • Czech Koruna

    3.88
  • Hungarian Forint

    3.74
  • Romanian Leu

    3.23
  • Turkish Lira

    3.04
  • Chilean Peso

    2.91
  • Peruvian New Sol

    2.88
  • Serbian Dinar

    1.56
  • Dominican Rep. Peso

    1.56
  • Uruguay Peso

    1.52
  • Philippines Peso

    1.19
  • Other/Cash

    0.26

Sector Weightings (%) as of 31 Aug 2021

  • Sector

    % of Net Assets
  • Government Activity

    98.9
  • Financials

    0.8
  • Other/Cash

    0.3

Credit Quality (%) as of 31 Aug 2021

Composite % of Net Assets
Investment Grade AA 1.04
A 8.78
BBB 35.53
Non-Investment Grade BB 18.62
Total Investment Grade -- 45.35
Total Non-Investment Grade -- 18.62
Not Rated -- 35.87
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.

Maturity (%) as of 31 Aug 2021

 Average Maturity: 7.16 Years