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Name

As of 11/22/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

VanEck J.P. Morgan EM Local Currency Bond ETF

EMLC | ETF

$23.68

$3 B

6.68%

$1.59

0.31%

Vitals

YTD Return

-1.9%

1 yr return

1.1%

3 Yr Avg Return

-0.5%

5 Yr Avg Return

-1.3%

Net Assets

$3 B

Holdings in Top 10

8.8%

52 WEEK LOW AND HIGH

$23.7
$23.58
$25.52

Expenses

OPERATING FEES

Expense Ratio 0.31%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 40.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/22/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

VanEck J.P. Morgan EM Local Currency Bond ETF

EMLC | ETF

$23.68

$3 B

6.68%

$1.59

0.31%

EMLC - Profile

Distributions

  • YTD Total Return -1.9%
  • 3 Yr Annualized Total Return -0.5%
  • 5 Yr Annualized Total Return -1.3%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 4.92%
DIVIDENDS
  • Dividend Yield 6.7%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    VanEck J.P. Morgan EM Local Currency Bond ETF
  • Fund Family Name
    VANECKFUND
  • Inception Date
    Jul 23, 2010
  • Shares Outstanding
    123222682
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Francis Rodilosso

Fund Description

The Fund normally invests at least 80% of its total assets in securities that comprise the Fund’s benchmark index. The Emerging Markets Global Core Index is comprised of bonds issued by emerging market governments and denominated in the local currency of the issuer. As of June 30, 2024, the Emerging Markets Global Core Index included 375 bonds of 19 sovereign issuers. This
80% investment policy is non-fundamental and may be changed without shareholder approval upon 60 days’ prior written notice to shareholders.
The Fund, using a “passive” or indexing investment approach, attempts to approximate the investment performance of the Emerging Markets Global Core Index. Unlike many investment companies that try to “beat” the performance of a benchmark index, the Fund does not try to “beat” the Emerging Markets Global Core Index and does not take temporary defensive positions that are inconsistent with its investment objective of seeking to replicate the Emerging Markets Global Core Index. Because of the practical difficulties and expense of purchasing all of the securities in the Emerging Markets Global Core Index, the Fund does not purchase all of the securities in the Emerging Markets Global Core Index. Instead, the Adviser utilizes a “sampling” methodology in seeking to achieve the Fund’s objective. As such, the Fund may purchase a subset of the bonds in the Emerging Markets Global Core Index in an effort to hold a portfolio of bonds with generally the same risk and return characteristics of the Emerging Markets Global Core Index.
The Fund is classified as a non-diversified fund and, therefore, may invest a greater percentage of its assets in a particular issuer. The Fund may concentrate its investments in a particular industry or group of industries to the extent that the Emerging Markets Global Core Index concentrates in an industry or group of industries. As of April 30, 2024, the government sector represented a significant portion of the Fund.
Read More

EMLC - Performance

Return Ranking - Trailing

Period EMLC Return Category Return Low Category Return High Rank in Category (%)
YTD -1.9% -6.0% 465.2% 89.12%
1 Yr 1.1% -3.7% 487.9% 96.94%
3 Yr -0.5%* -8.3% 59.2% 75.35%
5 Yr -1.3%* -7.3% 29.2% 90.77%
10 Yr -1.1%* -5.5% 14.5% 93.51%

* Annualized

Return Ranking - Calendar

Period EMLC Return Category Return Low Category Return High Rank in Category (%)
2023 4.6% -10.6% 17.8% 59.86%
2022 -15.3% -29.1% -2.4% 27.46%
2021 -14.0% -24.0% 2.7% 96.07%
2020 -2.2% -14.0% 9.7% 83.76%
2019 3.1% -6.4% 13.0% 93.63%

Total Return Ranking - Trailing

Period EMLC Return Category Return Low Category Return High Rank in Category (%)
YTD -1.9% -6.0% 465.2% 89.12%
1 Yr 1.1% -3.7% 487.9% 96.94%
3 Yr -0.5%* -8.3% 59.2% 75.35%
5 Yr -1.3%* -7.3% 29.2% 90.77%
10 Yr -1.1%* -5.5% 14.5% 93.51%

* Annualized

Total Return Ranking - Calendar

Period EMLC Return Category Return Low Category Return High Rank in Category (%)
2023 11.2% -0.6% 20.0% 63.61%
2022 -10.5% -27.6% -1.7% 21.48%
2021 -9.7% -18.5% 7.4% 92.50%
2020 3.1% -7.8% 18.0% 77.49%
2019 7.2% -3.0% 23.0% 93.63%

EMLC - Holdings

Concentration Analysis

EMLC Category Low Category High EMLC % Rank
Net Assets 3 B 565 K 14.8 B 9.18%
Number of Holdings 420 4 1860 29.25%
Net Assets in Top 10 246 M -134 M 1.25 B 24.49%
Weighting of Top 10 8.79% 5.8% 102.2% 92.78%

Top 10 Holdings

  1. Brazil Letras do Tesouro Nacional 1.17%
  2. Brazil Letras do Tesouro Nacional 1.12%
  3. Brazil Notas do Tesouro Nacional Serie F 0.92%
  4. Brazil Notas do Tesouro Nacional Serie F 0.91%
  5. Republic of South Africa Government Bond 0.86%
  6. Republic of South Africa Government Bond 0.85%
  7. Brazil Letras do Tesouro Nacional 0.74%
  8. Republic of South Africa Government Bond 0.74%
  9. Republic of South Africa Government Bond 0.74%
  10. Mexican Bonos 0.73%

Asset Allocation

Weighting Return Low Return High EMLC % Rank
Bonds 		97.80% 0.00% 105.61% 18.71%
Cash 		2.20% 0.00% 24.01% 79.25%
Stocks 		0.00% -0.01% 96.53% 65.31%
Preferred Stocks 		0.00% 0.00% 2.76% 48.98%
Other 		0.00% -13.89% 86.73% 64.29%
Convertible Bonds 		0.00% 0.00% 8.47% 77.66%

EMLC - Expenses

Operational Fees

EMLC Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.31% 0.02% 32.92% 97.95%
Management Fee 0.27% 0.00% 1.10% 1.70%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.02% 0.65% N/A

Sales Fees

EMLC Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.75% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

EMLC Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.75% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

EMLC Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 40.00% 0.00% 218.00% 31.13%

EMLC - Distributions

Dividend Yield Analysis

EMLC Category Low Category High EMLC % Rank
Dividend Yield 6.68% 0.00% 22.22% 35.03%

Dividend Distribution Analysis

EMLC Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Quarterly Quarterly

Net Income Ratio Analysis

EMLC Category Low Category High EMLC % Rank
Net Income Ratio 4.92% -2.28% 8.00% 15.68%

Capital Gain Distribution Analysis

EMLC Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

EMLC - Fund Manager Analysis

Managers

Francis Rodilosso

Start Date

Tenure

Tenure Rank

Sep 01, 2012

9.75

9.8%

Mr. Rodilosso joined VanEck in 2012. He serves as Head of Fixed Income ETF Portfolio Management and is responsible for portfolio strategy, credit, and market analysis. Prior to joining VanEck, Mr. Rodilosso served as Managing Director of Global Emerging Markets with The Seaport Group where he launched the firm’s emerging markets fixed income sales and trading business. Mr. Rodilosso’s earlier career experience includes portfolio management positions at Greylock Capital and Soundbrook Capital where he focused on corporate high-yield and distressed situations, with an emphasis on emerging markets. He also held senior fixed income trading positions at Credit Lyonnais and HSBC. Mr. Rodilosso is a CFA Charterholder and a member of the CFA Society New York. He received an MBA from the Wharton School of the University of Pennsylvania and a BA from Princeton University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.15 23.87 6.5 6.11

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