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

Market Updates*

  • Local currency emerging markets sovereign bonds have historically exhibited negative correlation to U.S. treasuries, providing a potential offset to the impact of rising U.S. interest rates.1
  • EMLC may be an attractive way to earn relatively high carry2and potentially benefit from U.S. dollar weakness
  • Local currency emerging markets bonds may provide a higher quality alternative to USD emerging markets sovereigns while providing attractive yield, as the average credit quality of the local emerging markets benchmark is investment grade while the hard currency benchmark is on average high yield.3

Learn More | Declining U.S. Rates Boost EM Debt’s Yield Advantage

1Source: Morningstar, based on monthly returns from May 2018 to April 2021

2Carry refers to the returns or costs of holding a bond.

3Source: J.P. Morgan as of 4/30/2021, based on the J.P. Morgan GBI-EM Global Diversified Index and the J.P. Morgan EMBI Global Diversified Index.

Fund Description

The VanEck 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
  • 2021 Preliminary NAIC Designation7

    3.A

 
as of 09/20/21

  • 30-Day SEC Yield1

    4.81%
  • Total Net Assets

    $3.6B
  • Number of Holdings

    349
  • Options

    Available
  • Gross Expense Ratio2

    0.31%
  • Net Expense Ratio/TER2

    0.30%
  • Distribution Frequency

    Monthly
1,2,7 See Important Disclosure
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