Symbols

EMLC

VanEck J.P. Morgan EM Local Currency Bond ETF·ARCA

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Key Stats

Assets Under Management

4.96BUSD

Fund Flows (1Y)

1.91BUSD

Dividend Yield

5.80%

Discount/Premium to NAV

-0.08%

Shares Outstanding

189.30M

Expense Ratio

0.30%

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

Issuer

Van Eck Associates Corporation

Brand

VanEck

Home Page

https://www.vaneck.com/us/en/investments/jp-morgan-em-local-currency-bond-etf-emlc/overview/

Inception Date

Jul 22, 2010

Structure

Open-Ended Fund

Index Tracked

J.P. Morgan GBI - EM Global Core Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

Van Eck Associates Corp.

Distributor

Van Eck Securities Corp.

EMLC holds sovereign debt issued by emerging market governments. EMLC's holdings are denominated in the local currencies of issuance, giving investors pure exposure to the markets it covers at the cost of added FX volatility. The bulk of EMLC is in debt expiring in 10 years or less, so investors needing longer-dated issues should look elsewhere. EMLC aims to cover the emerging markets space in a balanced manner. No country holds more than about a tenth of the overall portfolio weight. Take note: Similar to other funds in the emerging markets space, much of the portfolio doesn't trade during US hours. Effective February 28, 2020, the methodology for the underlying index was modified to include China exposure and to take a tiered approach to weighting. Minimum country exposure is limited to between 1% and 3% and then market value-weighted within the country.