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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 Asset Management B.V.

  • 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 14 Apr 2021

  • NAV1

    63.10

  • Shares Outstanding

    798,750

  • Number of Holdings

    267

  • Base Currency

    USD

  • Net Assets

    $50.4M

  • Product Structure

    Physical (Optimized)

  • Distribution Frequency

    None

  • Income Treatment

    Reinvestment

  • Total Expense Ratio

    0.30%
  • Fact Sheet
  • ETF Product List
  • Fund Holiday Calendar
afm_english_risicoscore_4.jpg

Fundamentals3
as of 14 Apr 2021

  • Yield to Worst

    4.59%

  • Yield to Maturity

    4.59%

  • Effective Duration (yrs)

    4.99

  • Years to Maturity

    6.74

  • Modified Duration (yrs)

    5.15

  • Coupon

    5.56%
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 14 Apr 2021

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 63.08
Day's Move 0.38
Volume 38,718
30 Day Volume 2,755
VWAP Volume 38,718
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 45.74
Day's Move 0.08
Volume 24
30 Day Volume 435
VWAP Volume 24
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 52.61
Day's Move 0.09
Volume 457
30 Day Volume 1,258
VWAP Volume 457
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 57.98
Day's Move 0.16
Volume 0
30 Day Volume 137
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 52.64
Day's Move 0.09
Volume 94
30 Day Volume 808
VWAP Volume 94

NAVs as of 14 Apr 2021

Base
Currency 		NAV Daily
Change
NAV 		YTD
Change
NAV 		NAV Price
History 		Total
Expense
Ratio
EMLC USD $63.10 $0.35 / +0.55% -5.12%
0.30

Performance History: Average Annual Total Returns* (%)

View All ETFs View All Indices
Month End as of 31 Mar 2021 1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR ETF INCEPTION
ETF (NAV) -3.30 -6.78 -6.78 12.51 -2.40 -- -- 0.82
GBIEMCOR (Index) -3.07 -6.56 -6.56 13.61 -1.59 2.44 0.50 1.71
Performance Differential (NAV - Index) -0.23 -0.22 -0.22 -1.10 -0.81 -- -- -0.89
Quarter End as of 31 Mar 2021 1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR ETF INCEPTION
ETF (NAV) -3.30 -6.78 -6.78 12.51 -2.40 -- -- 0.82
GBIEMCOR (Index) -3.07 -6.56 -6.56 13.61 -1.59 2.44 0.50 1.71
Performance Differential (NAV - Index) -0.23 -0.22 -0.22 -1.10 -0.81 -- -- -0.89

*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 31 Mar 2021 View All Holdings »

Total Holdings: 262
Holding Name
Coupon
Maturity
Composite
Rating
Country
Currency
% of Net
Assets
BRAZIL LETRAS DO TESOURO NACIONAL
0.000
01 Jan 2024
BB
Brazil
BRL
2.3206
REPUBLIC OF SOUTH AFRICA GOVERNMENT BON
10.500
21 Dec 2026
BB
South Africa
ZAR
1.5843
BRAZIL NOTAS DO TESOURO NACIONAL SERIE
10.000
01 Jan 2023
BB
Brazil
BRL
1.3623
BRAZIL NOTAS DO TESOURO NACIONAL SERIE
10.000
01 Jan 2025
BB
Brazil
BRL
1.2217
BRAZIL LETRAS DO TESOURO NACIONAL
0.000
01 Jul 2023
BB
Brazil
BRL
1.1487
REPUBLIC OF SOUTH AFRICA GOVERNMENT BON
8.750
28 Feb 2048
BB
South Africa
ZAR
1.1062
BRAZIL NOTAS DO TESOURO NACIONAL SERIE
10.000
01 Jan 2027
BB
Brazil
BRL
1.0218
REPUBLIC OF SOUTH AFRICA GOVERNMENT BON
8.000
31 Jan 2030
BB
South Africa
ZAR
1.0085
PHILIPPINE GOVERNMENT INTERNATIONAL BON
3.900
26 Nov 2022
BBB
Philippines
PHP
0.9462
CHINA GOVERNMENT BOND
2.850
04 Jun 2027
A
China
CNY
0.9301
Top 10 Total (%) 12.65
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 31 Mar 2021

  • Country

    % of Net Assets
  • ■

    China

    10.19
  • ■

    Indonesia

    10.05
  • ■

    Mexico

    9.50
  • ■

    Brazil

    8.78
  • ■

    South Africa

    7.82
  • ■

    Thailand

    7.11
  • ■

    Poland

    6.51
  • ■

    Russia

    6.00
  • ■

    Malaysia

    5.94
  • ■

    Other/Cash

    28.11

Currency Exposure (%)
as of 31 Mar 2021

  • Chinese Renminbi

    10.19

  • Indonesian Rupiah

    10.05

  • Mexican Peso

    9.50

  • Brazilian Real

    8.78

  • South African Rand

    7.82

  • Thailand Baht

    7.11

  • Polish Zloty

    6.51

  • Russian Ruble

    6.00

  • Malaysian Ringgit

    5.94

  • Colombian Peso

    4.51

  • Hungarian Forint

    3.83

  • Czech Koruna

    3.77

  • Romanian Leu

    3.38

  • Chilean Peso

    3.08

  • Peruvian New Sol

    2.90

  • Turkish Lira

    2.45

  • Uruguay Peso

    1.38

  • Dominican Rep. Peso

    1.34

  • Philippines Peso

    1.32

  • Other/Cash

    0.16

Sector Weightings (%) as of 31 Mar 2021

  • Sector

    % of Net Assets
  • ■

    Government Activity

    99.2
  • ■

    Financials

    0.7
  • ■

    Other/Cash

    0.2

Credit Quality (%) as of 31 Mar 2021

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 31 Mar 2021

 Average Maturity: 6.56 Years

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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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