VanEck J.P. Morgan EM Local Currency Bond ETF
The ETF.net EMLC Grade
A
Score 80 out of 100
- 1 of 7
Score 80 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A80 out of 100Rank 1 of 7Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 7Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C41 out of 100Rank 5 of 7Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A83 out of 100Rank 1 of 7Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A89 out of 100Rank 1 of 7Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A73 out of 100Rank 2 of 7
Our read on EMLC
In short
AEmerging-market governments borrowing in their own money, not dollars. EMLC has run that trade since 2010, holding roughly 500 local-currency sovereign bonds and paying monthly. You own the yields and the currencies, unhedged.
Stated mandate
The fund seeks to track the J.P. Morgan GBI-EM Global Core Index, which represents local-currency bonds issued by emerging-market governments.
Why people hold it
Worth knowing
EMLC Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
EMLC$10,261
Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | EMLC |
|---|---|
| Year to date | −0.3% |
| 1 month | −0.5% |
| 3 months | −2.0% |
| 1 year | +2.6% |
| 3 years | +7.7% |
| 5 years | +2.4% |
| 10 years | +1.2% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | EMLC |
|---|---|---|
| 2026 YTD | −0.3% | |
| 2025 | +18.8% | |
| 2024 | −3.0% | |
| 2023 | +11.2% | |
| 2022 | −10.5% | |
| 2021 | −9.7% | |
| 2020 | +3.1% |
EMLC in the news
EMLC Dividends
- 6.50%
- $1.60
- $0.14 per share
- Monthly
EMLC Risk
- 7.8%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.42
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −20.5%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.11
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
EMLC Cost
Tied cheapest in Emerging Markets Bonds (Local Currency)
$6,149
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
EMLC 0.30%
$6,149
Cost over time
Year by year
| Year | EMLC |
|---|---|
| 10 | $545 |
| 20 | $2,113 |
| 30 | $6,149 |
You pay 0.30%Waived by VanEck 0.01%
Full fee 0.31% waiver 0.01% you pay 0.30%
Other funds in Emerging Markets Bonds (Local Currency)
- ALEMBiShares J.P. Morgan EM Local Currency Bond ETFExpense ratio 0.30%1 year return +4.0%
- BEMBXVanEck Emerging Markets Bond ETFExpense ratio 0.65%1 year return +3.9%
- CELDWisdomTree Emerging Markets Local Debt FundExpense ratio 0.55%1 year return +2.4%
- CFEMBFirst Trust Emerging Markets Local Currency Bond ETFExpense ratio 0.85%1 year return +2.2%
- DGAEMSimplify Gamma Emerging Market Bond ETFExpense ratio 0.76%1 year return +2.3%
