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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. 

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

  • Country

    % of Net Assets
  • ■

    Indonesia

    9.45
  • ■

    Brazil

    9.36
  • ■

    Mexico

    9.01
  • ■

    Thailand

    8.05
  • ■

    South Africa

    6.44
  • ■

    Poland

    6.09
  • ■

    Malaysia

    5.74
  • ■

    Supra-National

    5.43
  • ■

    Russia

    5.18
  • ■

    China

    5.08
  • ■

    Colombia

    4.62
  • ■

    Czech

    4.22
  • ■

    Hungary

    3.25
  • ■

    Romania

    3.07
  • ■

    Peru

    3.06
  • ■

    Chile

    2.97
  • ■

    Turkey

    2.65
  • ■

    Uruguay

    2.05
  • ■

    Dominican Repb.

    2.04
  • ■

    Philippines

    1.85
  • ■

    Other/Cash

    0.37

Portfolio Composition (%)
as of 08/31/20

  • % of Net Assets

  • Stocks

    0.00

  • Bonds

    99.65

  • Other

    0.00

  • Cash

    0.35

Currency Exposure (%)
as of 08/31/20

  • Indonesian Rupiah

    10.15

  • Mexican Peso

    10.11

  • Brazilian Real

    9.37

  • Thailand Baht

    8.05

  • Polish Zloty

    7.34

  • South African Rand

    7.00

  • Russian Ruble

    6.87

  • Malaysian Ringgit

    5.74

  • China Renminbi

    5.08

  • Colombian Peso

    4.62

  • Czech Koruna

    4.22

  • Hungarian Forint

    3.25

  • Romanian Leu

    3.07

  • Peruvian New Sol

    3.06

  • Chilean Peso

    2.97

  • Turkish Lira

    2.78

  • Uruguay Peso

    2.05

  • Dominican Rep. Peso

    2.04

  • Philippines Peso

    1.85

  • Other/Cash

    0.35

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

Composite % of Net Assets
Investment Grade AAA 4.34
AA 0.98
A 7.60
BBB 32.41
Non-Investment Grade BB 17.45
CCC 0.06
Total Investment Grade -- 45.34
Total Non-Investment Grade -- 17.51
Not Rated -- 37.15
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.

3-YR Risk Measures*
as of 08/31/20

  • Beta vs. S&P 500 Index

    0.40

  • Correlation vs. S&P 500 Index

    0.58

  • Volatility (Standard Deviation)

    11.92

  • Sharpe Ratio

    -0.22

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 08/31/20

  • Sector

    % of Net Assets
  • ■

    Government

    98.9
  • ■

    Industrial

    0.2
  • ■

    Utilities

    0.2
  • ■

    Financial

    0.2
  • ■

    Energy

    0.1
  • ■

    Other/Cash

    0.4

Maturity (%) as of 08/31/20

 Average Portfolio Maturity: 7.33 Years