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EMAG
VanEck Vectors Emerging Markets Aggregate Bond ETF

Fund Description

The VanEck Vectors® Emerging Markets Aggregate Bond ETF (EMAG®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS® EM Aggregate Bond Index (MVEMAG), which is comprised of sovereign bonds and corporate bonds denominated in U.S. dollars, Euros or local emerging markets currencies, and includes both investment grade and below investment grade rated securities.

 
 

  • Fund Ticker

    EMAG
  • Exchange

    NYSE Arca
  • ETF Structure

    Physical
  • Administrator

    Van Eck Associates
  • Custodian

    State Street Bank and Trust Company
  • Index Ticker

    MVEMAG

Effective December 10, 2013, VanEck Vectors® LatAm Aggregate Bond ETF (BONO) changed its underlying index and changed its name to VanEck Vectors Emerging Markets Aggregate Bond ETF (EMAG). See details below.

 
as of 03/03/21

  • 30-Day SEC Yield1

    2.95%
  • Total Net Assets

    $15.7M
  • Number of Holdings

    314
  • Options

    Expected
  • Gross Expense Ratio2

    1.49%
  • Net Expense Ratio/TER2

    0.35%
  • Distribution Frequency

    Monthly

Morningstar™ Ratings3
as of 01/31/2021

Category Overall 3 Year 5 Year
Emerging Markets Bond
3 stars of 241 funds
3 stars of 241 funds
3 stars of 188 funds

Key Points

  • Single trade access to the comprehensive universe of emerging markets bonds

  • Diversified by currency, sector, country and credit quality

  • Blended strategy provides exposure to the higher yield potential of local rates, while limiting the volatility associated with emerging markets currencies

Yield
as of 03/03/21

  • 30-Day SEC Yield1

    2.95%
  • Distribution Yield1

    3.81%
  • 12-Month Yield1

    4.24%
 1 See Important Disclosure for definitions.

Fees & Expenses2

  • Management Fee

    0.35%
  • Other Expenses

    1.14%
  • Acquired Fund Fees and Expenses

    --
  • Gross Expense Ratio

    1.49%
  • Fee Waivers and
    Expense Reimbursement

    -1.14%
  • Net Expense Ratio/TER2

    0.35%
2Expenses for EMAG are capped contractually at 0.35% until September 1, 2021. Cap excludes acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses.

Trading Information

  • Fund Ticker

    EMAG
  • Index Total Return Ticker

    MVEMAG
  • NAV

    EMAGNV
  • Intraday NAV (IIV)5

    EMAGIV
  • Shares Outstanding

    750,000
  • Estimated Cash

    EMAGEU
  • Total Cash

    EMAGTC
  • CUSIP

    92189F478
  • ISIN

    US92189F4789
5See IIV Details. Source: Bloomberg

Fundamentals4
as of 03/02/21

  • Yield to Worst

    3.35%
  • Yield to Maturity

    3.38%
  • Effective Duration (yrs)

    5.51
  • Years to Maturity

    8.32
  • Modified Duration (yrs)

    5.86
  • Coupon

    5.53%
 4 See Important Disclosure for definitions.

Investment Professionals

  • Portfolio Manager and Head of Fixed Income ETFs
  • Responsible for portfolio strategies as well as credit and market analysis; specializes in international bond markets
  • Joined VanEck in 2012
  • Prior to VanEck, Managing Director of Global Emerging Markets with The Seaport Group; launched the firm’s emerging markets fixed income sales and trading business
  • Previously, held portfolio management positions at Greylock Capital and Soundbrook Capital; focused on corporate high-yield and distressed bonds with an emphasis on emerging markets
  • CFA charterholder; member of CFA Society New York
  • MBA (with distinction), Finance, University of Pennsylvania
  • AB, History, Princeton University
  • Analyst for Fixed Income ETFs
  • Joined VanEck in 2013
  • Prior to his current role, held a portfolio administration position for the firm’s alternative investment funds
  • MS, Finance, University of Rochester
  • BS, Information Sciences and Technology, Pennsylvania State University
  • Quantitative Analyst for Fixed Income ETFs
  • Joined VanEck in 2016
  • MS, Financial Engineering, Baruch College
  • BBA, Finance, Baruch College
  • Trader for Fixed Income ETFs
  • Joined VanEck in 2017
  • Previously, Trader at Beck, Mack & Oliver LLC and monitored markets and executed equity and fixed income trades and Fixed Income Operations at Gleacher & Company Securities, Inc.
  • MBA, Finance, Montclair State University
  • BS, concentration in Accounting and Finance, minor in Computer Science, University of Vermont

Prices as of 03/03/21

NAV/
Market 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
30-Day
Median
Bid Ask
Spread
NAV
Chart
EMAG $20.99
$21.09
944
682
-$0.06 / -0.28%
$0.04 / +0.20%
-3.22%
-3.38%
$0.10
0.46%
--

Premium/Discount History as of 03/03/21

Calendar Year 2019 1Q 2020 2Q 2020 3Q 2020 4Q 2020 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 141 26 11 26 16
EMAG Days closed at NAV 22 4 0 5 1
Days closed at a discount 89 32 52 33 47

Performance History: Average Annual Total Returns* (%)

1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
05/11/11**
EMAG (NAV) -0.72 5.31 -0.72 3.32 3.64 6.01 -- 3.10
EMAG (Share Price) -1.01 6.28 -1.01 3.86 3.82 6.81 -- 3.16
MVEMAG (Index)** -1.01 5.58 -1.01 4.67 4.68 7.33 -- 4.36
Performance Differential (NAV - Index) 0.29 -0.27 0.29 -1.35 -1.04 -1.32 -- -1.26
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
05/11/11
EMAG (NAV) 2.03 6.28 4.92 4.92 4.68 6.25 -- 3.21
EMAG (Share Price) 2.43 7.34 5.50 5.50 4.97 6.88 -- 3.30
MVEMAG (Index)** 2.37 7.17 6.35 6.35 5.74 7.54 -- 4.51
Performance Differential (NAV - Index) -0.34 -0.89 -1.43 -1.43 -1.06 -1.29 -- -1.30

Top 10 Holdings (%) as of 01/31/21 Daily Holdings

Total Holdings: 310
Swipe
to view
full data
Holding Name
Coupon
Maturity
Composite
Rating
Country
Currency
% of Net
Assets
HUARONG FINANCE II CO LTD
5.500
01/16/2025
A-
China
USD
1.40
RELIANCE INDUSTRIES LTD
4.125
01/28/2025
BBB
India
USD
1.38
SAUDI GOVERNMENT INTERNATIONAL BOND
3.250
10/26/2026
A
Saudi Arabia
USD
1.37
SWIRE PACIFIC MTN FINANCING LTD
4.500
10/09/2023
A-
United Kingdom
USD
1.36
AMERICA MOVIL SAB DE CV
6.125
03/30/2040
A-
Mexico
USD
1.14
INDONESIA GOVERNMENT INTERNATIONAL BOND
8.500
10/12/2035
BBB
Indonesia
USD
1.03
QATAR GOVERNMENT INTERNATIONAL BOND
6.400
01/20/2040
AA-
Qatar
USD
0.96
PETROLEOS MEXICANOS
5.500
02/24/2025
BB+
Mexico
EUR
0.93
GAZPROM PJSC VIA GAZ CAPITAL SA
7.288
08/16/2037
BBB
Russia
USD
0.90
EMIRATES TELECOMMUNICATIONS GROUP CO PJ
2.750
06/18/2026
AA-
Uae
EUR
0.87
Top 10 Total (%) 11.34

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

†See Country of Risk disclosure. These are not recommendations to buy or to sell any security. Securities and holdings may vary. 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.

Country Weightings (%) as of 01/31/21

  • Country

    % of Net Assets
  • Mexico

    10.28
  • Brazil

    7.88
  • Indonesia

    7.54
  • Russia

    6.10
  • Malaysia

    4.66
  • South Africa

    4.63
  • China

    4.58
  • Thailand

    4.00
  • Israel

    3.71
  • Uae

    3.64
  • Turkey

    3.59
  • Colombia

    3.38
  • Chile

    3.20
  • Peru

    3.02
  • Poland

    2.93
  • Saudi Arabia

    2.93
  • India

    2.41
  • United Kingdom

    2.32
  • Czech

    2.15
  • Qatar

    1.93
  • Other/Cash

    15.11

Currency Exposure (%)
as of 01/31/21

  • U.S. Dollar

    54.67
  • Euro

    5.98
  • Thailand Baht

    4.00
  • Mexican Peso

    3.98
  • Malaysian Ringgit

    3.98
  • Indonesian Rupiah

    3.95
  • Brazilian Real

    3.76
  • South African Rand

    3.07
  • Polish Zloty

    2.93
  • Russian Ruble

    2.48
  • Israeli Shekel

    1.97
  • Colombian Peso

    1.73
  • Peruvian New Sol

    1.43
  • Czech Koruna

    1.28
  • Hungarian Forint

    1.20
  • Romanian Leu

    1.04
  • Chilean Peso

    0.74
  • Turkish Lira

    0.68
  • Nigeria Naira

    0.33
  • Uruguay Peso

    0.11
  • Chinese Renminbi

    0.10
  • Other/Cash

    0.61

Sector Weightings (%) as of 01/31/21

  • Sector

    % of Net Assets
  • Government Activity

    63.1
  • Financials

    12.6
  • Energy

    8.1
  • Basic Materials

    5.1
  • Utilities

    3.0
  • Technology

    2.9
  • Industrials

    2.3
  • Real Estate

    1.4
  • Healthcare

    1.0
  • Other/Cash

    0.6

Credit Quality (%) as of 01/31/21

Composite % of Net Assets
Investment Grade AA 4.87
A 19.76
BBB 38.93
Non-Investment Grade BB 16.23
B 6.61
CCC 0.80
CC 0.04
D 0.33
Total Investment Grade -- 63.57
Total Non-Investment Grade -- 24.02
Not Rated -- 12.42
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 01/31/21

 Average Portfolio Maturity: 8.06 Years