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.

 as at 17-Sep-20

  • Exchange

    ASX
  • ASX code

    EBND
  • NAV

    $11.38
  • Units outstanding

    1,833,103
  • Net assets

    $20.9M
  • Number of holdings

    66
  • 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 16-Sep-20

  • Running yield

    6.30%
  • Yield to maturity

    5.79%

Fundamentals as of 16-Sep-20

  • Average maturity (years)

    9.39
  • Modified duration (years)

    5.93

Trading information

  • ASX code

    EBND
  • IRESS code

    EBND.AXW
  • Units outstanding

    1,833,103
  • 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  17-Sep-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 $11.38
$11.47
21,310
4,706
$-0.02 / -0.20%
$-0.01 / -0.09%
-2.00%
--
$0.09
+0.80%

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 0.63 6.37 -4.88 -- -- -- -- -5.34
Income return 0.45 1.43 2.72 -- -- -- -- 2.91
Total return 1.08 7.80 -2.16 -- -- -- -- -2.43
Benchmark -1.42 -0.07 -6.57 -3.24 3.24 -- -- -7.00
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

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

No. of holdings: 62
Security name
Coupon
Maturity
Composite
rating^
Country
Currency
% of Fund
net assets
ARGENTINE REPUBLIC GOVERNMENT INTERNATI
3.375
12-Oct-20
CC
Argentina
CHF
4.94
URUGUAY GOVERNMENT INTERNATIONAL BOND
8.500
15-Mar-28
BBB-
Uruguay
UYU
4.13
REPUBLIC OF TAJIKISTAN INTERNATIONAL BO
7.125
14-Sep-27
B-
Tajikistan
USD
3.77
ROMANIA GOVERNMENT BOND
3.650
24-Sep-31
NR
Romania
RON
3.66
URUGUAY GOVERNMENT INTERNATIONAL BOND
9.875
20-Jun-22
BBB-
Uruguay
UYU
2.80
INDONESIA TREASURY BOND
8.375
15-Apr-39
NA
Indonesia
IDR
2.78
SRI LANKA GOVERNMENT INTERNATIONAL BOND
5.750
18-Apr-23
B-
Sri Lanka
USD
2.68
PERUVIAN GOVERNMENT INTERNATIONAL BOND
6.900
12-Aug-37
BBB+
Peru
PEN
2.61
SURINAME GOVERNMENT INTERNATIONAL BOND
9.250
26-Oct-26
CCC-
Suriname
USD
2.53
REPUBLIC OF SOUTH AFRICA GOVERNMENT INT
5.875
22-Jun-30
BB
South Africa
USD
2.48
Top 10 Total (%) 32.38

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-Aug-20

  • Country

    Weightings (%)
  • Argentina

    10.0
  • Indonesia

    9.8
  • Mexico

    8.9
  • Uruguay

    6.9
  • China

    6.1
  • Romania

    6.0
  • South Africa

    4.9
  • Sri Lanka

    4.9
  • Tajikistan

    4.4
  • Gabon

    3.0
  • Peru

    2.9
  • Angola

    2.9
  • Mongolia

    2.7
  • Suriname

    2.5
  • Honduras

    2.2
  • Philippines

    1.9
  • Ukraine

    1.7
  • Panama

    1.5
  • Dominican Repb.

    1.5
  • Georgia

    1.4
  • Brazil

    1.3
  • Israel

    1.3
  • Vietnam

    1.2
  • Ghana

    0.8
  • Jordan

    0.2
  • Other/Cash

    9.0
  • Total

    99.9

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

  • Sector

    Weightings (%)
  • Sovereign

    61.8
  • Oil&Gas

    9.4
  • Real Estate

    7.4
  • Electric

    5.2
  • Agriculture

    1.7
  • Transportation

    1.4
  • Mining

    1.3
  • Building Materials

    1.2
  • Coal

    1.2
  • Other/Cash

    9.5
  • Total

    100.1

Maturity (%) as at 31-Aug-20

Average Portfolio Maturity: 8.75 Years