EMLC
VanEck J.P. Morgan EM Local Currency Bond ETF
EMLC
VanEck J.P. Morgan EM Local Currency Bond ETF
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NAV
$25.20
as of June 08, 2023 -
YTD RETURNS
6.35%
as of June 08, 2023 -
Total Net Assets
$3.33B
as of June 08, 2023 -
Gross Expense Ratio
0.32% -
Net Expense Ratio
0.30% -
Inception Date
07/22/2010
Van Eck Associates Corporation (the "Adviser") has agreed to waive fees and/or pay Fund expenses to the extent necessary to prevent the operating expenses of the Fund (excluding acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses) from exceeding 0.30% of the Fund's average daily net assets per year until at least September 1, 2023. During such time, the expense limitation is expected to continue until the Fund's Board of Trustees acts to discontinue all or a portion of such expense limitation.
Fund Description
The VanEck 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.
Overview
Fund Highlights
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Seeks to replicate the J.P. Morgan GBI-EM Global Core Index
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Access to local bond markets in emerging economies
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Provides yields that are currently higher than developed markets and potential for currency appreciation