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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
Swipe
to view
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