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EMLCVanEck 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-EM Global 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 -
ETF Structure
Physical -
Administrator
Van Eck Associates -
Custodian
State Street Bank and Trust Company -
Index Ticker
GBIEMCOR -
Index Rebalancing
Monthly -
2020 NAIC Designation7
3.A
as of 01/15/21
-
30-Day SEC Yield1
3.96% -
Total Net Assets
$3.5B -
Number of Holdings
302 -
Options
Available -
Gross Expense Ratio2
0.36% -
Net Expense Ratio/TER2
0.30% -
Distribution Frequency
Monthly
Index Key Points
The J.P. Morgan GBI-EM Global Core Index (GBIEMCOR) comprises:
Local currency bonds issued by emerging market governments.
Market-cap weighted:
Country Max: 10%; Min: 1% to 3%
Index Provider: J.P. Morgan
Index Profile
-
Ticker
GBIEMCOR -
Inception Date
07/22/2010 -
Rebalance Frequency
Monthly
Index Fundamentals4
as of 01/15/21
-
Yield to Worst
3.94% -
Yield to Maturity
3.94% -
Effective Duration (yrs)
4.95 -
Years to Maturity
6.36 -
Modified Duration (yrs)
5.00 -
Coupon
5.56%
Top 10 Constituents (%) as of 12/31/20
to view
full data
Constituent Name |
Coupon
|
Maturity | Weighting (%) | |
---|---|---|---|---|
Letra Tesouro Nacional |
0.000
|
01/01/2024
|
2.55 | |
Republic Of South Africa |
10.500
|
12/21/2026
|
1.56 | |
Nota Do Tesouro Nacional |
10.000
|
01/01/2023
|
1.46 | |
Letra Tesouro Nacional |
0.000
|
07/01/2023
|
1.29 | |
Nota Do Tesouro Nacional |
10.000
|
01/01/2025
|
1.24 | |
Nota Do Tesouro Nacional |
10.000
|
01/01/2027
|
1.15 | |
Republic Of South Africa |
8.000
|
01/31/2030
|
1.03 | |
Mex Bonos Desarr Fix Rt |
8.500
|
05/31/2029
|
1.00 | |
Republic Of South Africa |
8.750
|
02/28/2048
|
0.97 | |
Mex Bonos Desarr Fix Rt |
7.500
|
06/03/2027
|
0.95 | |
Top 10 Total (%) | 13.20 |
Index Country Weightings (%) as of 12/31/20
-
Country
% of Net Assets -
■
Indonesia
10.00 -
■
China
10.00 -
■
Mexico
9.73 -
■
Brazil
9.26 -
■
South Africa
7.84 -
■
Thailand
7.18 -
■
Poland
6.51 -
■
Russia
6.00 -
■
Malaysia
5.66 -
■
Colombia
4.81 -
■
Hungary
3.73 -
■
Czech
3.63 -
■
Romania
3.16 -
■
Chile
3.00 -
■
Peru
3.00 -
■
Turkey
3.00 -
■
Philippines
1.18 -
■
Dominican Repb.
1.17 -
■
Uruguay
1.15
Index Sector Weightings (%) as of 12/31/20
-
Sector
% of Net Assets -
■
Government
100.0
Index Credit Quality (%) as of 12/31/20
Composite | % of Net Assets | |
---|---|---|
Investment Grade | AA | 1.01 |
A | 13.09 | |
BBB | 30.31 | |
Non-Investment Grade | BB | 18.06 |
Total Investment Grade | -- | 44.41 |
Total Non-Investment Grade | -- | 18.06 |
Not Rated | -- | 37.53 |
Maturity (%) as of 12/31/20
Average Maturity: 6.42 Years