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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 09/29/16

    • 30-Day SEC Yield1

      5.31%
    • Total Net Assets

      $2.3B
    • Number of Holdings

      235
    • Options

      Available
    • Gross Expense Ratio2

      0.51%
    • Net Expense Ratio/TER2

      0.47%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      09/30/2016
  • 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
  • Portfolio Composition (%)
    as of 08/31/16

    • % of Net Assets
    • Stocks

      0.00
    • Bonds

      100.01
    • Other

      0.00
    • 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
  • 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.
  • 3-YR Risk Measures*
    as of 08/31/16

    • Beta vs. S&P 500 Index

      0.54
    • Correlation vs. S&P 500 Index

      0.51
    • Volatility (Standard Deviation)

      11.25
    • Sharpe Ratio

      -0.19

    Source: Van Eck Global, FactSet

    *Beta is a measure of sensitivity to market movements. Correlation measures the extent of linear association between the ETF performance and the index performance. Volatility is the annualized standard deviation of the ETF's monthly returns. Sharpe ratio measures risk-adjusted return, and represents the ETF's return less the risk free rate divided by the standard deviation. See S&P 500 Index definition.6

  • 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