VanEck J.P. Morgan EM Local Currency Bond ETF
$24.92+0.06 (+0.24%)
- 0.30%
- $4.9B
- +4.8%
- 6.42%
- 2.2M sh
- $24.88
- low $24.46high $26.63
The ETF.net EMLC Grade
A
Score 78 out of 100
- 1 of 7
Score 78 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.D37 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.A79 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
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.
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
- Costs 0.30% a year against a 0.40% median for its bond peer group. In a corner of the market where access is usually the expensive part, that gap matters.
- A multi-billion-dollar, actively traded fund and one of the longest-running US-listed routes into local-currency emerging-market government debt (launched 2010).
- Holds roughly 500 government bonds, and the J.P. Morgan GBI-EM index family caps how much weight any single country can carry.jpmorgan.com
- Pays monthly, so income arrives on a steady rhythm rather than in quarterly lumps.
Worth knowing
- No currency hedge. Results ride emerging-market currencies against the dollar, which cuts both ways and can move more than the bonds themselves.vaneck.com
- Emerging-market sovereign debt brings credit, political and country risk, and local bond markets can thin out when sentiment turns.vaneck.com
- Cheap for this niche, not cheap for bonds generally: plain-vanilla peers like AGZ (0.15%) charge half as much for far simpler exposure.
EMLC Holdings
- Other
- 531
- 8%
- Brazil Notas Do Tesouro Nacional Serie
Geography
- China9.05%
- Malaysia7.99%
- India7.96%
- Indonesia7.11%
- Brazil6.90%
- Mexico6.81%
- Thailand6.14%
- Poland5.81%
- 42.23%
Developed 2% · Emerging 98%
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$10,477
Returns run to the Oct 12, 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 | +0.9% |
| 1 month | −1.7% |
| 3 months | −1.1% |
| 1 year | +4.8% |
| 3 years | +8.3% |
| 5 years | +2.5% |
| 10 years | +1.3% |
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 | +0.9% | |
| 2025 | +18.8% | |
| 2024 | −3.0% | |
| 2023 | +11.2% | |
| 2022 | −10.5% | |
| 2021 | −9.7% | |
| 2020 | +3.1% |
EMLC in the news
EMLC Dividends
- 6.42%
- $1.60
- $0.14 per share
- Monthly
Distribution history
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.
- 0.43
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.
- −21.0%
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.
EMLC Cost
0.30%
EMLC0.30%
- The middle half of Emerging Markets Bonds (Local Currency) funds
- Median 0.55%
No Emerging Markets Bonds (Local Currency) fund charges less.
Other funds in Emerging Markets Bonds (Local Currency)
- ALEMBiShares J.P. Morgan EM Local Currency Bond ETFExpense ratio 0.30%1 year return +6.1%
- BEMBXVanEck Emerging Markets Bond ETFExpense ratio 0.65%1 year return +6.2%
- CELDWisdomTree Emerging Markets Local Debt FundExpense ratio 0.55%1 year return +4.5%
- CFEMBFirst Trust Emerging Markets Local Currency Bond ETFExpense ratio 0.85%1 year return +5.7%
- DCBONVanEck China Bond ETFExpense ratio 0.50%1 year return +9.6%