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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-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 Preliminary NAIC Designation7

    3

 
as of 09/22/20

  • 30-Day SEC Yield1

    4.19%
  • Total Net Assets

    $3.2B
  • Number of Holdings

    292
  • Options

    Available
  • Gross Expense Ratio2

    0.36%
  • Net Expense Ratio/TER2

    0.30%
  • Distribution Frequency

    Monthly
1,2,7 See Important Disclosure

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 09/21/20

  • Yield to Worst

    4.53%
  • Yield to Maturity

    4.53%
  • Effective Duration (yrs)

    5.19
  • Years to Maturity

    7.28
  • Modified Duration (yrs)

    5.35
  • Coupon

    5.83%
 4 See Important Disclosure for definitions.

Top 10 Constituents (%) as of 08/31/20

Total Constituents: 238
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full data
Constituent Name
Coupon
Maturity Weighting (%)
Nota Do Tesouro Nacional
10.000
01/01/2023
1.68
Republic Of South Africa
10.500
12/21/2026
1.44
Letra Tesouro Nacional
0.000
07/01/2023
1.43
Nota Do Tesouro Nacional
10.000
01/01/2025
1.40
Letra Tesouro Nacional
0.000
01/01/2024
1.29
Republic Of Philippines
6.250
01/14/2036
1.25
Nota Do Tesouro Nacional
10.000
01/01/2027
1.04
Dominican Republic
9.750
06/05/2026
1.02
Mex Bonos Desarr Fix Rt
8.500
05/31/2029
1.01
Mex Bonos Desarr Fix Rt
7.500
06/03/2027
0.96
Top 10 Total (%) 12.52
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Index Country Weightings (%) as of 08/31/20

  • Country

    % of Net Assets
  • Indonesia

    10.00
  • Mexico

    10.00
  • Brazil

    9.43
  • Thailand

    8.02
  • Poland

    7.32
  • South Africa

    7.09
  • Russia

    6.85
  • China

    6.00
  • Malaysia

    5.78
  • Colombia

    4.68
  • Czech

    3.91
  • Hungary

    3.45
  • Peru

    3.07
  • Chile

    3.00
  • Romania

    3.00
  • Turkey

    3.00
  • Uruguay

    1.80
  • Philippines

    1.80
  • Dominican Repb.

    1.80

Index Sector Weightings (%) as of 08/31/20

  • Sector

    % of Net Assets
  • Government

    100.0

Index Credit Quality (%) as of 08/31/20

Composite % of Net Assets
Investment Grade AA 0.61
A 8.89
BBB 33.60
Non-Investment Grade BB 18.21
Total Investment Grade -- 43.10
Total Non-Investment Grade -- 18.21
Not Rated -- 38.69
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 08/31/20

 Average Maturity: 7.32 Years