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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
Country Weightings (%) as of 12/31/20
-
Country
% of Net Assets -
■
China
9.59 -
■
Indonesia
9.31 -
■
Brazil
9.26 -
■
Mexico
8.88 -
■
South Africa
7.28 -
■
Thailand
7.21 -
■
Malaysia
5.64 -
■
Poland
5.56 -
■
Russia
4.86 -
■
Colombia
4.81 -
■
Supra-National
4.51 -
■
Hungary
3.65 -
■
Czech
3.65 -
■
Romania
3.14 -
■
Chile
3.05 -
■
Turkey
3.01 -
■
Peru
2.96 -
■
Philippines
1.17 -
■
Dominican Repb.
1.15 -
■
Uruguay
1.15 -
■
Other/Cash
0.17
Portfolio Composition (%)
as of 12/31/20
- % of Net Assets
-
Stocks
0.00 -
Bonds
99.84 -
Other
0.00 -
Cash
0.16
Currency Exposure (%)
as of 12/31/20
-
Indonesian Rupiah
10.05 -
Mexican Peso
9.97 -
Chinese Renminbi
9.59 -
Brazilian Real
9.27 -
South African Rand
7.82 -
Thailand Baht
7.21 -
Polish Zloty
6.55 -
Russian Ruble
6.01 -
Malaysian Ringgit
5.64 -
Colombian Peso
4.81 -
Hungarian Forint
3.65 -
Czech Koruna
3.65 -
Romanian Leu
3.14 -
Chilean Peso
3.05 -
Turkish Lira
3.01 -
Peruvian New Sol
2.96 -
Philippines Peso
1.17 -
Dominican Rep. Peso
1.15 -
Uruguay Peso
1.15 -
Other/Cash
0.16
Credit Quality (%) as of 12/31/20
Composite | % of Net Assets | |
---|---|---|
Investment Grade | AAA | 3.55 |
AA | 0.68 | |
A | 10.03 | |
BBB | 24.81 | |
Non-Investment Grade | BB | 17.05 |
CCC | 0.07 | |
Total Investment Grade | -- | 39.07 |
Total Non-Investment Grade | -- | 17.11 |
Not Rated | -- | 43.82 |
3-YR Risk Measures*
as of 12/31/20
-
Beta vs. S&P 500 Index
0.41 -
Correlation vs. S&P 500 Index
0.62 -
Volatility (Standard Deviation)
12.33 -
Sharpe Ratio
-0.01
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 12/31/20
-
Sector
% of Net Assets -
■
Government Activity
94.0 -
■
Financials
5.4 -
■
Industrials
0.2 -
■
Utilities
0.2 -
■
Energy
0.1 -
■
Other/Cash
0.2
Maturity (%) as of 12/31/20
Average Portfolio Maturity: 6.81 Years