EBND - Broaden your income horizon

VanEck Blog & Insights

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 27-Nov-20

  • Exchange

    ASX
  • ASX code

    EBND
  • NAV

    $11.48
  • Units outstanding

    2,833,227
  • Net assets

    $32.5M
  • Number of holdings

    68
  • 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 27-Nov-20

  • Running yield

    5.65%
  • Yield to maturity

    --

Fundamentals as of 27-Nov-20

  • Average maturity (years)

    7.49
  • Modified duration (years)

    --

Trading information

  • ASX code

    EBND
  • IRESS code

    EBND.AXW
  • Units outstanding

    2,833,227
  • 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  27-Nov-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 $11.48
$11.62
33,712
17,402
$-0.05 / -0.46%
$0.00 / +0.00%
-0.21%
--
$0.14
+1.18%

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 0.64 0.39 15.60 -- -- -- -- -5.57
Income return 0.45 1.34 3.16 -- -- -- -- 3.77
Total return 1.09 1.73 18.76 -- -- -- -- -1.80
Benchmark 1.23 -0.63 5.62 -3.05 3.41 -- -- -6.25
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 -0.88 1.86 13.32 -- -- -- -- -6.17
Income return 0.45 1.36 3.17 -- -- -- -- 3.32
Total return -0.43 3.22 16.49 -- -- -- -- -2.85
Benchmark -0.42 -0.62 3.96 -3.79 2.96 -- -- -7.39

Top ten holdings (%) View all daily holdings » as at 31-Oct-20

No. of holdings: 61
Security name
Coupon
Maturity
Composite
rating^
Country
Currency
% of Fund
net assets
ISHARES CHINA CNY BOND UCITS ETF
0.000
01-Jan-00
NR
United States
USD
4.16
ROMANIA GOVERNMENT BOND
3.650
24-Sep-31
NR
Romania
RON
3.39
PHILIPPINE GOVERNMENT INTERNATIONAL BON
3.900
26-Nov-22
BBB
Philippines
PHP
3.08
THAILAND GOVERNMENT BOND
3.300
17-Jun-38
NA
Thailand
THB
2.81
MONGOLIA GOVERNMENT INTERNATIONAL BOND
5.625
01-May-23
B
Mongolia
USD
2.50
REPUBLIC OF SOUTH AFRICA GOVERNMENT INT
5.875
22-Jun-30
BB
South Africa
USD
2.34
EMIRATE OF DUBAI GOVERNMENT INTERNATION
3.900
09-Sep-50
NA
Uae
USD
2.34
PERU GOVERNMENT BOND
6.150
12-Aug-32
BBB+
Peru
PEN
2.25
BRAZIL NOTAS DO TESOURO NACIONAL SERIE
10.000
01-Jan-25
BB-
Brazil
BRL
2.24
RUSSIAN FEDERAL BOND - OFZ
7.650
10-Apr-30
NR
Russia
RUB
2.16
Top 10 Total (%) 27.27

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 31-Oct-20

  • Country

    Weightings (%)
  • Mexico

    8.3
  • South Africa

    8.3
  • Romania

    5.5
  • Thailand

    4.2
  • United States

    4.2
  • Indonesia

    4.1
  • China

    4.0
  • Philippines

    3.9
  • Russia

    3.9
  • Peru

    3.6
  • Mongolia

    3.4
  • Malaysia

    3.2
  • Ukraine

    2.8
  • Uae

    2.3
  • Brazil

    2.2
  • Honduras

    2.1
  • Laos

    2.1
  • Suriname

    2.1
  • Jordan

    2.1
  • Tajikistan

    2.1
  • Panama

    1.5
  • Dominican Repb.

    1.4
  • Egypt

    1.3
  • Georgia

    1.3
  • Uruguay

    1.2
  • Ghana

    1.2
  • Burkina Faso

    1.2
  • Vietnam

    1.2
  • Kazakhstan

    1.1
  • Sri Lanka

    0.5
  • Tanzania

    0.2
  • Other/Cash

    13.5
  • Total

    100.0

Sector weightings (%) as at 31-Oct-20

  • Sector

    Weightings (%)
  • Sovereign

    60.7
  • Oil&Gas

    7.4
  • Electric

    4.9
  • Real Estate

    4.0
  • Agriculture

    1.5
  • Mining

    1.4
  • Transportation

    1.3
  • Building Materials

    1.2
  • Other/Cash

    17.6
  • Total

    100.0

Maturity (%) as at 31-Oct-20

Average Portfolio Maturity: 9.18 Years