ETF Evaluator:
VanEck JPMorgan EMLcl Ccy Bd ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Emerging-Markets Local-Currency Bond Over the Last Year
| 10.9% | First Trust Emerging Mkts Lcl Ccy Bd ETF (FEMB) |
| 9.9% | WisdomTree Emerging Currency Strat ETF (CEW) |
| 9.8% | WisdomTree Emerging Markets Lcl Dbt ETF (ELD) |
| 9.7% | iShares JP Morgan EM Local Ccy Bd ETF (LEMB) |
| 9.1% | Emerging-Markets Local-Currency Bond () |
Risk
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Risk
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ETF Details
VanEck JPMorgan EMLcl Ccy Bd ETF Overview
VanEck JPMorgan EMLcl Ccy Bd ETF (EMLC) is a passively managed Taxable Bond Emerging-Markets Local-Currency Bond exchange-traded fund (ETF). VanEck launched the ETF in 2010.
The investment 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.
The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The index is comprised of bonds issued by emerging market governments and denominated in the local currency of the issuer. It may concentrate its investments in a particular industry or group of industries to the extent that the index concentrates in an industry or group of industries. The fund is non-diversified.
About VanEck JPMorgan EMLcl Ccy Bd ETF (EMLC)
There are 1 members of the management team with an average tenure of 13.92 years: Francis Rodilosso (2012). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: ICE BofA Global Broad Market Plus TR USD index with a weighting of 100% and JPM GBI-EM Global Core TR USD index with a weighting of 100%. VanEck JPMorgan EMLcl Ccy Bd ETF has 520 securities in its portfolio. The top 10 holdings constitute 7.4% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
VanEck JPMorgan EMLcl Ccy Bd ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. VanEck JPMorgan EMLcl Ccy Bd ETF has 99.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 99.7% (0.0% domestic bond, 99.7% foreign bond and 0.0% convertible bond). VanEck JPMorgan EMLcl Ccy Bd ETF has 0.3% of the portfolio in cash.
Assets Under Management
The fund has $4 billion in total assets, which is above the $1 billion average for the Emerging-Markets Local-Currency Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
EMLC Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The VanEck JPMorgan EMLcl Ccy Bd ETF expense ratio is below average compared to funds in the Emerging-Markets Local-Currency Bond category. VanEck JPMorgan EMLcl Ccy Bd ETF has an expense ratio of 0.30%, which is 37% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. VanEck JPMorgan EMLcl Ccy Bd ETF has a portfolio turnover rate of 26%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 33% for the Emerging-Markets Local-Currency Bond category.
Recently, in the month of July 2026, VanEck JPMorgan EMLcl Ccy Bd ETF returned 0.3%, which earned it a grade of F, as the Emerging-Markets Local-Currency Bond category had an average return of 0.6%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
VanEck JPMorgan EMLcl Ccy Bd ETF has a trailing yield of 6.25%, which is above the 4.31% category average.
The fund normally distributes its income monthly.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
VanEck JPMorgan EMLcl Ccy Bd ETF Grades
Year to date, the ETF has returned 1.9%, 0.8 percentage points worse than the category, which translates into a grade of F. The fund has returned 8.9% over the past year (grade of D), 5.8% over the past three years (grade of D) and 1.9% per year over the past five years (grade of D) and 1.9% per year over the past 10 years (grade of D).
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EMLC Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| EMLC Return (NAV) | 0.3% | 1.6% | 8.9% | 5.8% | 1.9% | 1.9% |
| EMLC Return (Price) | 0.2% | 1.3% | 9.0% | 5.8% | 1.9% | 1.9% |
| NAV +/- Price Return | 0.039% | 0.278% | -0.084% | -0.006% | 0.013% | 0.053% |
| Emerging-Markets Local-Currency Bond Avg | 0.6% | 1.7% | 9.1% | 5.7% | 2.2% | 2.0% |
| EMLC Grade (NAV) | F | D | D | D | D | D |
| +/- Category (NAV) | -0.4% | -0.1% | -0.2% | 0.1% | -0.3% | -0.1% |
| EMLC Tax-Cost Ratio | na | na | 2.5% | 2.5% | 2.4% | 2.4% |
EMLC Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| EMLC Return (NAV) | 1.9% | 18.3% | -3.4% | 11.9% | -10.3% | -9.7% | 2.9% | 10.5% | -7.6% | 14.0% | 8.8% |
| EMLC Return (Price) | 1.8% | 18.8% | -3.0% | 11.2% | -10.6% | -9.7% | 3.1% | 10.4% | -7.6% | 13.8% | 9.0% |
| NAV +/- Price Ret | -0.064% | 0.030% | -0.118% | -0.059% | 0.030% | 0.003% | 0.049% | -0.5% | -0.2% | -1.0% | 2.7% |
| Emerging-Markets Local-Currency Bond Avg | 2.7% | 15.9% | -2.2% | 10.0% | -8.5% | -7.6% | 3.7% | 8.5% | -5.8% | 11.8% | 5.6% |
| EMLC Grade (NAV) | F | B | D | B | D | C | C | B | D | A | A |
| +/- Category | -0.8% | 2.4% | -1.1% | 1.8% | -1.8% | -2.1% | -0.8% | 2.0% | -1.8% | 2.2% | 3.2% |
| Risk Measures | |
| Beta: | 1.10 |
| R-Squared: | 59% |
| Standard Deviation: | 8.0% |
| Category Risk Index: | 1.12 |
| Category Risk Rating: | Above Average |
| Total Risk Index: | 0.65 |
| Total Risk Rating: | Below Average |
| Portfolio Characteristics | |
| Yield: | 6.3% |
| Total Assets: | $ 4,796 Mil |
| Share Class Assets: | $ 4,796 Mil |
| Turnover: | 26.0% |
| Expense Ratio: | 0.30% |
| Index Fund: | Yes |
| Index Tracked: | ICE BofA Global Broad Market Plus TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 13.9 years | |||
| Average Tenure: 13.9 years | |||
| Managers (Year): Rodilosso Francis (2012) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 520 |
| % in Top 10 Holdings: | 7.4% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 99.7% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 99.7% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.3% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | VanEck |
| Phone Number: | 800-826-2333 |
| Website: | www.marketvectorsetfs.com |
| Inception Date: | July 22, 2010 |
Expenses and Fees
| Expense Ratio (%): | 0.30% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.48% |
