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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.

Country of domicile: Australia

 as at 24-May-22

  • Exchange

    ASX

  • ASX code

    EBND

  • NAV

    $9.59

  • Units outstanding

    14,087,466

  • Net assets

    $135.1M

  • Number of holdings

    142

  • Inception date1

    11-Feb-20

  • ASX commencement

    13-Feb-20

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

as at 24-May-22

*The NAV is generally calculated daily after all markets are closed for that day based on the closing price of the securities on the relevant foreign exchange. The NAV is then converted to AUD based on the relevant London WM Reuters 4pm exchange rate. This means, due to Australia’s time zone, that the NAV will generally not be updated until around 1pm next business day.

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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 23-May-22

  • Running yield

    6.71%

  • Yield to maturity

    8.31%

Fundamentals as of 23-May-22

  • Credit rating

    BB+

  • Average maturity (years)

    15.23

  • Modified duration (years)

    8.12

Trading information

  • ASX code

    EBND

  • IRESS code

    EBND.AXW

  • Units outstanding

    14,087,466

  • ISIN

    AU0000076606

Fees and other costs  

  • Management costs p.a.

    0.95%

Key risks

An investment in the Fund carries risks associated with: ASX trading time differences, 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  24-May-22

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 $9.59
$9.58		 37,920
12,537		 $0.05 / +0.50%
$0.00 / +0.00%		 -9.49%
-9.92%
 $-0.01
-0.08%

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 -3.04 -9.05 -11.48 -13.19 -- -- -- -9.12
Income return 0.45 1.24 2.50 4.70 -- -- -- 4.94
Total return -2.59 -7.81 -8.98 -8.49 -- -- -- -4.18
Benchmark -3.33 -12.74 -12.02 -11.73 -3.10 -0.29 -- -8.71
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 -2.43 -7.80 -10.46 -8.84 -- -- -- -8.13
Income return 0.44 1.65 2.57 4.88 -- -- -- 4.97
Total return -1.99 -6.15 -7.89 -3.96 -- -- -- -3.16
Benchmark -2.88 -9.63 -11.30 -7.32 -1.85 0.87 -- -7.58
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 11 February 2020 and of the Benchmark from 31 December 2015. 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-Apr-22

No. of holdings: 139
Security name
Coupon
 Maturity
Composite
rating^
Country†
Currency
 % of Fund
net assets
BONOS DE LA TESORERIA DE LA REPUBLICA E
5.800
 01-Jun-24
NR
Chile
CLP
 3.28
BRAZIL NOTAS DO TESOURO NACIONAL SERIE
10.000
 01-Jan-23
BB-
Brazil
BRL
 2.68
BRAZIL NOTAS DO TESOURO NACIONAL SERIE
10.000
 01-Jan-31
BB-
Brazil
BRL
 2.60
COLOMBIAN TES
7.500
 26-Aug-26
BBB-
Colombia
COP
 2.58
REPUBLIC OF SOUTH AFRICA GOVERNMENT BON
8.500
 31-Jan-37
BB
South Africa
ZAR
 2.29
ECUADOR GOVERNMENT INTERNATIONAL BOND
0.500
 31-Jul-30
B-
Ecuador
USD
 2.29
REPUBLIC OF SOUTH AFRICA GOVERNMENT BON
8.875
 28-Feb-35
BB
South Africa
ZAR
 2.09
PHILIPPINE GOVERNMENT INTERNATIONAL BON
3.900
 26-Nov-22
BBB
Philippines
PHP
 2.05
PERU GOVERNMENT BOND
6.150
 12-Aug-32
BBB+
Peru
PEN
 2.03
INDONESIA TREASURY BOND
7.000
 15-Sep-30
BBB
Indonesia
IDR
 1.91
Top 10 Total (%) 23.80

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-Apr-22

  • Country

    Weightings (%)

  • South Africa

    6.9

  • Indonesia

    6.2

  • Brazil

    6.1

  • Mexico

    6.0

  • Colombia

    5.0

  • Saudi Arabia

    4.1

  • Peru

    3.6

  • Chile

    3.3

  • Philippines

    3.0

  • Malaysia

    3.0

  • Zambia

    2.8

  • Ecuador

    2.5

  • Qatar

    2.5

  • Ukraine

    2.5

  • Argentina

    2.5

  • Thailand

    2.3

  • Czech Republic

    2.1

  • Israel

    1.9

  • Oman

    1.7

  • China

    1.6

  • Ghana

    1.6

  • India

    1.5

  • Turkey

    1.5

  • Dominican Repb.

    1.5

  • Uruguay

    1.5

  • Kazakhstan

    1.5

  • Uae

    1.4

  • Sri Lanka

    1.4

  • Romania

    1.4

  • Georgia

    1.3

  • South Korea

    1.2

  • Uzbekistan

    1.1

  • Pakistan

    1.1

  • Tunisia

    1.0

  • Honduras

    1.0

  • Hungary

    0.9

  • Singapore

    0.9

  • Bahrain

    0.9

  • Nigeria

    0.9

  • Panama

    0.8

  • Jamaica

    0.7

  • Taiwan Region

    0.7

  • Paraguay

    0.6

  • Congo

    0.5

  • Azerbaijan

    0.5

  • Kuwait

    0.4

  • Côte D'Ivoire

    0.4

  • Morocco

    0.4

  • Costa Rica

    0.4

  • Senegal

    0.3

  • Kenya

    0.3

  • Jordan

    0.3

  • Gabon

    0.3

  • Iraq

    0.2

  • Bolivia

    0.1

  • Armenia

    0.1

  • Mongolia

    0.0

  • Other/Cash

    -0.1

  • Total

    100.1

Sector weightings (%) as at 30-Apr-22

  • Sector

    Weightings (%)

  • Government Activity

    71.2

  • Oil & Gas

    12.9

  • Electric Utilities & IPPs

    3.4

  • Banking Services

    2.8

  • Chemicals

    2.6

  • Metals & Mining

    1.6

  • Real Estate Operations

    1.5

  • Telecommunications Services

    1.1

  • Investment Banking & Investment Services

    1.0

  • Other/Cash

    2.0

  • Total

    100.1

Maturity (%) as at 30-Apr-22

Average Portfolio Maturity: 44.84 Years