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EMLC
VanEck Vectors J.P. Morgan EM Local Currency Bond UCITS ETF

Fund Description

The VanEck Vectors J.P. Morgan EM Local Currency Bond UCITS ETF invests in fixed-income securities issued by the governments of emerging markets denominated in their local currency.

  • Globally diversified portfolio of government bonds issued by emerging markets in their local currency
  • Maximum weighting of 10%, minimum weighting of 3% per country
  • Lowest TER among all UCITS ETFs in this category



Underlying Index

J.P. Morgan GBI-EMG Core Index (GBIEMCOR)

Fund Details
 

  • Fund Ticker

    EMLC

  • Management Company

    VanEck Investments Ltd

  • Custodian

    State Street Custodial Services (Ireland) Limited

  • Domicile

    Ireland

  • UCITS Compliant

    YES

  • Index Ticker

    GBIEMCOR

  • Index Provider

    J.P. Morgan

  • Rebalance Frequency

    Monthly
1The "Net Asset Value" (NAV) of all ETFs is determined at the close of each business day, and represents the value of one share of the fund; it is calculated by taking the total assets of the fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV is not necessarily the same as the ETF 's intraday trading value. Investors should not expect to buy or sell ETF shares at NAV.

2The date the fund was launched prior to quotation on the stock exchange.

 
as of 20 Oct 2020

  • NAV1

    61.59

  • Shares Outstanding

    916,750

  • Number of Holdings

    240

  • Base Currency

    USD

  • Net Assets

    $56.5M

  • Product Structure

    Physical (Optimized)

  • Distribution Frequency

    None

  • Income Treatment

    Reinvestment

  • Total Expense Ratio

    0.30%
  • Fact Sheet
  • ETF Product List
afm_english_risicoscore_4.jpg

Fundamentals3
as of 20 Oct 2020

  • Yield to Worst

    4.44%

  • Yield to Maturity

    4.52%

  • Effective Duration (yrs)

    5.18

  • Years to Maturity

    7.31

  • Modified Duration (yrs)

    5.29

  • Coupon

    5.77%
3These figures represent averages. Yield to Worst measures the lowest of either yield-to-maturity or yield-to-call date on every possible call date. Yield to Maturity is the annualized return on a bond held to maturity. Effective Duration measures a bond's sensitivity to interest rate changes that reflects the change in a bond's price given a change in yield. This duration measure is appropriate for bonds with embedded options. Modified Duration measures a bond's sensitivity to interest rate changes that reflects the change in a bond's price given a change in yield. Duration to Worst measures the duration of a bond computed using the bond's nearest call date or maturity, whichever comes first. This measure ignores future cash flow fluctuations due to embedded optionality. Spread Duration measures a bond's price sensitivity to a 100 basis point change to its option-adjusted spread. As the rate of the Treasury security in the option-adjusted spread increases, the rate of the option-adjusted spread also increases. Years to Maturity is the period of time for which a financial instrument remains outstanding. Maturity refers to a finite time period at the end of which the financial instrument will cease to exist and the principal is repaid. Coupon is measured by weighting the coupon of each bond by its relative size in the portfolio. Coupons are fixed percentages paid on a fixed-income security on an annual basis. Averages are market weighted. The Coupon and Yield to Worst do not represent the performance of the Fund. These statistics do not take into account fees and expenses associated with investments of the Fund.

Trading Information as of 20 Oct 2020

London
Stock Exchange
USD
Exchange Ticker EMLC
ISIN IE00BDS67326
SEDOL BDRXS19
Bloomberg EMLC LN
Reuters (RIC) --
Telekurs 36453832
Bloomberg iNAV EMLCUIV
Reuters iNAV EMLCINAV=SOLA
WKN A2DQKN
Trading Currency USD
Last Traded Price 61.39
Day's Move 0.14
Volume 0
30 Day Volume 1,238
VWAP Volume 0
London
Stock Exchange
GBP
Exchange Ticker EMGB
ISIN IE00BDS67326
SEDOL BYTPF19
Bloomberg EMGB LN
Reuters (RIC) --
Telekurs 36453832
Bloomberg iNAV EMLCUIV
Reuters iNAV EMLCINAV=SOLA
WKN A2DQKN
Trading Currency GBP
Last Traded Price 47.40
Day's Move 0.25
Volume 65
30 Day Volume 238
VWAP Volume 65
Deutsche
Börse
EUR
Exchange Ticker EM1C
ISIN IE00BDS67326
SEDOL BYPCZ25
Bloomberg EM1C GY
Reuters (RIC) --
Telekurs 36453832
Bloomberg iNAV EMLCUEIV
Reuters iNAV EMLCEURINAV=SOLA
WKN A2DQKN
Trading Currency EUR
Last Traded Price 51.96
Day's Move -0.05
Volume 348
30 Day Volume 483
VWAP Volume 348
SIX
Swiss Exchange
CHF
Exchange Ticker EMLC
ISIN IE00BDS67326
SEDOL --
Bloomberg EMLC SE
Reuters (RIC) --
Telekurs 36453832
Bloomberg iNAV EMLCUIV
Reuters iNAV EMLCINAV=SOLA
WKN A2DQKN
Trading Currency CHF
Last Traded Price 55.73
Day's Move 0.00
Volume 0
30 Day Volume 79
VWAP Volume 0
Borsa
Italiana
EUR
Exchange Ticker EMLC
ISIN IE00BDS67326
SEDOL --
Bloomberg EMLC IM
Reuters (RIC) --
Telekurs 36453832
Bloomberg iNAV EMLCUEIV
Reuters iNAV EMLCEURINAV=SOLA
WKN A2DQKN
Trading Currency EUR
Last Traded Price 51.95
Day's Move -0.04
Volume 0
30 Day Volume 556
VWAP Volume 0

NAVs as of 20 Oct 2020

Base
Currency 		NAV Daily
Change
NAV 		YTD
Change
NAV 		NAV Price
History 		Total
Expense
Ratio
EMLC USD $61.59 $0.11 / +0.18% -4.93%
0.30

Performance History: Average Annual Total Returns* (%)

View All ETFs View All Indices
Month End as of 30 Sep 2020 1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR ETF INCEPTION
ETF (NAV) -1.84 0.99 -6.32 -2.52 -1.78 -- -- 0.33
GBIEMCOR (Index) -1.79 1.14 -5.69 -1.51 -0.88 3.98 0.45 1.23
Performance Differential (NAV - Index) -0.05 -0.15 -0.63 -1.01 -0.90 -- -- -0.90
Quarter End as of 30 Sep 2020 1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR ETF INCEPTION
ETF (NAV) -1.84 0.99 -6.32 -2.52 -1.78 -- -- 0.33
GBIEMCOR (Index) -1.79 1.14 -5.69 -1.51 -0.88 3.98 0.45 1.23
Performance Differential (NAV - Index) -0.05 -0.15 -0.63 -1.01 -0.90 -- -- -0.90

*Periods greater than one year are annualised.

Performance quoted represents past performance. Current performance may be lower or higher than average annual returns shown. Discrete performance shows 12 month performance to the most recent Quarter end for each of the last 5yrs where available. E.g. '1st year' shows the most recent of these 12-month periods and '2nd year' shows the previous 12 month period and so on.

Performance data for VanEck Vectors ETFs is displayed on a Net Asset Value basis, in Base Currency terms, with net income reinvested, net of fees. Brokerage or transaction fees will apply.

Top 10 Holdings (%) as of 30 Sep 2020 View All Holdings »

Total Holdings: 238
Holding Name
Coupon
Maturity
Composite
Rating
Country
Currency
% of Net
Assets
BRAZIL NOTAS DO TESOURO NACIONAL SERIE
10.000
01 Jan 2023
BB-
Brazil
BRL
1.7065
REPUBLIC OF SOUTH AFRICA GOVERNMENT BON
10.500
21 Dec 2026
BB
South Africa
ZAR
1.5186
BRAZIL NOTAS DO TESOURO NACIONAL SERIE
10.000
01 Jan 2025
BB-
Brazil
BRL
1.4506
BRAZIL LETRAS DO TESOURO NACIONAL
0.000
01 Jul 2023
BB-
Brazil
BRL
1.4314
BRAZIL LETRAS DO TESOURO NACIONAL
0.000
01 Jan 2024
BB-
Brazil
BRL
1.2298
BRAZIL NOTAS DO TESOURO NACIONAL SERIE
10.000
01 Jan 2027
BB-
Brazil
BRL
1.0301
MEXICAN BONOS
8.500
31 May 2029
BBB
Mexico
MXN
1.0132
MEXICAN BONOS
10.000
05 Dec 2024
BBB
Mexico
MXN
0.9956
MEXICAN BONOS
7.500
03 Jun 2027
BBB
Mexico
MXN
0.9936
URUGUAY GOVERNMENT INTERNATIONAL BOND
9.875
20 Jun 2022
BBB-
Uruguay
UYU
0.9814
Top 10 Total (%) 12.35
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 30 Sep 2020

  • Country

    % of Net Assets
  • ■

    Mexico

    10.14
  • ■

    Indonesia

    9.98
  • ■

    Brazil

    9.38
  • ■

    Thailand

    8.06
  • ■

    South Africa

    7.29
  • ■

    Poland

    7.09
  • ■

    China

    6.75
  • ■

    Russia

    6.64
  • ■

    Malaysia

    5.88
  • ■

    Other/Cash

    28.79

Currency Exposure (%)
as of 30 Sep 2020

  • Mexican Peso

    10.14

  • Indonesian Rupiah

    9.98

  • Brazilian Real

    9.38

  • Thailand Baht

    8.06

  • South African Rand

    7.29

  • Polish Zloty

    7.09

  • Chinese Renminbi

    6.75

  • Russian Ruble

    6.64

  • Malaysian Ringgit

    5.88

  • Colombian Peso

    4.69

  • Czech Koruna

    3.81

  • Hungarian Forint

    3.33

  • Peruvian New Sol

    3.03

  • Romanian Leu

    3.01

  • Turkish Lira

    2.96

  • Chilean Peso

    2.89

  • Uruguay Peso

    1.86

  • Dominican Rep. Peso

    1.80

  • Philippines Peso

    1.34

  • Other/Cash

    0.05

Sector Weightings (%) as of 30 Sep 2020

  • Sector

    % of Net Assets
  • ■

    Government

    99.9
  • ■

    Other/Cash

    0.1

Credit Quality (%) as of 30 Sep 2020

Composite % of Net Assets
Investment Grade AA 1.04
A 8.78
BBB 35.53
Non-Investment Grade BB 18.62
Total Investment Grade -- 45.35
Total Non-Investment Grade -- 18.62
Not Rated -- 35.87
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 30 Sep 2020

 Average Maturity: 7.24 Years

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An investment in the promoted investment funds may only be made based on the investment fund’s official sales prospectus, the relevant supplement and KIID and will be subject to the terms and conditions contained therein.

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Performance data for the Irish domiciled funds is displayed on a Net Asset Value basis, in Base Currency terms, with net income reinvested, net of fees. Brokerage or transaction fees will apply. Performance data for the Dutch domiciled ETFs include income distributions gross of Dutch withholding tax, net of fees and assume that the Dutch dividend withholding tax levied from the dividend payment of the ETF will be deducted or reclaimed with the Dutch tax authority and is reinvested. Different investor types and investors from other jurisdictions may not be able to achieve the same level of performance due to their tax status and local tax rules. Brokerage or transaction fees will apply. The Dutch domiciled ETFs use a gross reinvestment index. Please note that the performance includes income distributions gross of Dutch withholding tax because Dutch investors deduct or reclaim the 15% Dutch withholding tax levied. Different investor types and investors from other jurisdictions may not be able to achieve the same level of performance due to their tax status and local tax rules. For more information please be referred to the respective fund’s performance section on this website.

The sales prospectus and KIID contain this and other information. Please read the sales prospectus and KIID carefully before investing.

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