VanEck Vectors J.P. Morgan EM Local Currency Bond ETFFind Ratings Reports
- Last Ratings Update:04/30/2018
- Price as of 04/30/2018 :$18.73
- Net Assets:$890.8 Million
- Peer Rank:145 of 261
- Investment Rating:C-
We rate VanEck Vectors JP Morgan EM LC Bd at C-. Positive factors that influence this rating include a low price volatility, low expense structure and long term portfolio management tenure. The fund may be considered for investors seeking a Global Income strategy.
POSITIVES AND RISKS
Total return ranks below peers over the last three years. The VanEck Vectors JP Morgan EM LC Bd has returned an annual rate of 1.23% since inception. More recently, the fund has generated a total return of -2.38% in the last five years, 2.76% in the last three years, and 6.77% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 15% of them. It has also outpaced 37% of its competitors on a three year basis and 48% of them over the last year for the period ending 4/30/2018. On a year to date basis, EMLC has returned 0.79%.
Downside risk has been below average. EMLC has a draw down risk of -17.33%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 10.9%. This fund has had a low level of volatility in its monthly performance over the last 36 months. As of 4/30/2018, the fund was trading at a price of $18.73, which is 3.9% below its 52-week high of $19.49 and 0.3% above its 52-week low of $18.67.
Low expense ratio helps performance. On total assets of $890.80 million, EMLC maintains a low expense ratio compared to its Global Income peers of just 0.47% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As EMLC is an exchange traded fund, it has no front end or back end load.
The VanEck Vectors JP Morgan EM LC Bd is managed by Francis G. Rodilosso at Van Eck Associates Corporation. This fund is one of 55 Van Eck Associates Corporation exchange-traded funds launched since 5/16/2006 that we track.