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VanEck Emerging Income Opportunities Active ETF (Managed Fund)

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VanEck Emerging Income Opportunities Active ETF (Managed Fund) EBND

Fund description: EBND aims to provide investors with a globally diversified portfolio of bonds and currencies in emerging markets. The fund aims to provide total investment returns, measured over the medium to long term in excess of the Benchmark.

Benchmark: 50% J.P. Morgan Emerging Market Bond Index Global Diversified Hedged AUD and 50% J.P. Morgan Government Bond-Emerging Market Index Global Diversified.

 as at 04-Aug-20

  • Exchange

    ASX

  • ASX code

    EBND

  • NAV

    $11.36

  • Units outstanding

    1,833,032

  • Net assets

    $20.8M

  • Number of holdings

    60

  • Inception date1

    11-Feb-20

  • ASX commencement

    13-Feb-20

1The date the fund was seeded prior to quotation on ASX.

Key benefits

Emerging market income opportunities
Emerging markets bonds generally pay higher interest than developed markets bonds offering investors an opportunity to broaden their income horizon with elevated risk

Active management
An actively managed benchmark-unaware approach that makes high conviction investments

Target yield of 5% per annum
Income from investing in emerging markets government, semi-government and corporate bonds that provides an attractive addition for investors' growing income needs

Yields as of 03-Aug-20

  • Running yield

    7.52%

  • Yield to maturity

    7.33%

Fundamentals as of 03-Aug-20

  • Average maturity (years)

    11.25

  • Modified duration (years)

    6.42

Trading information

  • ASX code

    EBND

  • IRESS code

    EBND.AXW

  • Units outstanding

    1,833,032

  • ISIN

    AU0000076606

Fees and other costs  

  • Management costs p.a.

    0.95%

Key risks

An investment in the Fund carries risks associated with: emerging markets bonds and currencies, bond markets generally, interest rate movements, issuer default, currency hedging, credit ratings, country and issuer concentration, liquidity and fund manager and fund operations. See the PDS for details.

Prices as at  04-Aug-20

NAV/
Last trade		 Volume:
30-day avg/
Previous day		 Daily change: NAV/
Last trade		 YTD change:
NAV/
Last trade		 Premium/
Discount		 Premium/
Discount
Distribution charts		 NAV &
Premium /Discount
History		 NAV
Chart
EBND $11.36
$11.37		 8,061
4,965		 $0.06 / +0.53%
$0.04 / +0.35%		 -3.03%
--
 $0.01
+0.10%

Performance history (%) View all ETFs » View all indices »

1 Mth 3 Mths 6 Mths 1 Yr 3 Yrs p.a. 5 Yrs p.a. 10 Yrs p.a. ETF Inception p.a.
Price return 3.51 11.25 -- -- -- -- -- -7.88
Income return 0.47 1.61 -- -- -- -- -- 2.00
Total return 3.98 12.86 -- -- -- -- -- -5.88
Benchmark 0.14 4.61 -4.33 -1.04 3.86 -- -- -6.81
1 Mth 3 Mths 6 Mths 1 Yr 3 Yrs p.a. 5 Yrs p.a. 10 Yrs p.a. ETF Inception p.a.
Price return 3.51 11.25 -- -- -- -- -- -7.88
Income return 0.47 1.61 -- -- -- -- -- 2.00
Total return 3.98 12.86 -- -- -- -- -- -5.88
Benchmark 0.14 4.61 -4.33 -1.04 3.86 -- -- -6.81
1Benchmark is 50% J.P. Morgan Emerging Market Bond Index Global Diversified Hedged AUD and 50% J.P. Morgan Government Bond-Emerging Market Index Global Diversified.

The table above shows past performance of the Fund from its Inception Date and of the Benchmark from 31-Dec-15. Results are calculated to the last business day of the month and assume immediate reinvestment of distributions. Fund results are net of management fees and costs, but before brokerage fees or bid/ask spreads incurred when investors buy/sell on the ASX. Returns for periods longer than one year are annualised. Past performance is not a reliable indicator of current or future performance which may be lower or higher.

Benchmark information has been obtained from sources believed to be reliable but J.P. Morgan and VanEck do not warrant its completeness or accuracy. The Benchmark is used with permission. The Benchmark information may not be copied, used, or distributed without J.P. Morgan's prior written approval. Copyright 2020 JPMorgan Chase & Co. All rights reserved.

Top ten holdings (%) View all daily holdings » as at 30-Jun-20

No. of holdings: 58
Security name
Coupon
 Maturity
Composite
rating^
Country†
Currency
 % of Fund
net assets
ARGENTINE REPUBLIC GOVERNMENT INTERNATI
3.375
 12-Oct-20
CC
Argentina
CHF
 4.89
JAMAICA GOVERNMENT INTERNATIONAL BOND
7.875
 28-Jul-45
B
Jamaica
USD
 4.24
ANGOLAN GOVERNMENT INTERNATIONAL BOND
9.375
 08-May-48
NR
Angola
USD
 3.92
URUGUAY GOVERNMENT INTERNATIONAL BOND
8.500
 15-Mar-28
BBB-
Uruguay
UYU
 3.60
URUGUAY GOVERNMENT INTERNATIONAL BOND
9.875
 20-Jun-22
BBB-
Uruguay
UYU
 3.44
UKRAINE GOVERNMENT BOND
11.670
 22-Nov-23
NA
Ukraine
UAH
 3.41
PERUVIAN GOVERNMENT INTERNATIONAL BOND
6.900
 12-Aug-37
BBB+
Peru
PEN
 2.92
EL SALVADOR GOVERNMENT INTERNATIONAL BO
8.625
 28-Feb-29
B-
El Salvador
USD
 2.86
INDONESIA TREASURY BOND
7.000
 15-Sep-30
NA
Indonesia
IDR
 2.48
GABON GOVERNMENT INTERNATIONAL BOND
6.625
 06-Feb-31
CCC
Gabon
USD
 2.46
Top 10 Total (%) 34.22

Source: VanEck. These are not recommendations to buy or to sell any security.

^Composite rating is an evenly weighted blend of a bond’s Moody’s, S&P and Fitch credit ratings when there are two or more. ‘NR’ means the bond has one ‘Investment Grade’ rating. The above ratings are not a credit opinion by VanEck on any bond or the Fund or a recommendation to buy any individual security.

† – country of risk

Country weightings (%) as at 30-Jun-20

  • Country

    Weightings (%)

  • Indonesia

    13.6

  • Argentina

    9.4

  • Angola

    7.5

  • Mexico

    7.2

  • Uruguay

    7.0

  • El Salvador

    6.8

  • Ukraine

    6.4

  • China

    5.1

  • Jamaica

    4.2

  • Belarus

    3.6

  • Peru

    3.3

  • Gabon

    3.2

  • Dominican Repb.

    2.7

  • Tajikistan

    2.5

  • Honduras

    2.3

  • Mongolia

    1.9

  • Romania

    1.7

  • Ghana

    1.2

  • Vietnam

    1.1

  • Brazil

    0.1

  • Other/Cash

    9.0

  • Total

    99.8

Sector weightings (%) as at 30-Jun-20

  • Sector

    Weightings (%)

  • Sovereign

    71.2

  • Oil&Gas

    9.6

  • Real Estate

    6.4

  • Coal

    1.3

  • Agriculture

    1.2

  • Electric

    1.1

  • Mining

    0.1

  • Other/Cash

    9.0

  • Total

    99.9

Maturity (%) as at 30-Jun-20

Average Portfolio Maturity: 12.82 Years