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 27-Feb-20

  • Exchange

    ASX
  • ASX code

    EBND
  • NAV

    $11.93
  • Units outstanding

    1,083,000
  • Net assets

    $12.9M
  • Number of holdings

    41
  • Inception date1

    11-Feb-20
  • ASX commencement

    13-Feb-20

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

as at 27-Feb-20

Key points

  • Active, benchmark unaware approach
  • High conviction portfolio that selects investments from the entire emerging market bond universe
  • Income paid monthly
  • Target yield of 5% per annum

Yields as of 26-Feb-20

  • Running yield

    6.03%
  • Yield to maturity

    5.78%

Fundamentals as of 26-Feb-20

  • Average maturity (years)

    11.20
  • Modified duration (years)

    7.64

Trading information

  • ASX code

    EBND
  • IRESS code

    EBND.AXW
  • Units outstanding

    1,083,000
  • ISIN

    AU0000076606

Fees and other costs  

  • Management costs p.a.

    0.95%

Prices as at  27-Feb-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 $11.93
$12.12
0
1,660
$-0.12 / -1.01%
$0.00 / +0.00%
--
--
$0.19
+1.60%

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. Fund Inception p.a.
Price return -- -- -- -- -- -- -- --
Income return -- -- -- -- -- -- -- --
Total return -- -- -- -- -- -- -- --
Benchmark¹ 1.47 2.46 4.12 11.37 7.28 -- -- --
1 Mth 3 Mths 6 Mths 1 Yr 3 Yrs p.a. 5 Yrs p.a. 10 Yrs p.a. Fund Inception p.a.
Price return -- -- -- -- -- -- -- --
Income return -- -- -- -- -- -- -- --
Total return -- -- -- -- -- -- -- --
Benchmark¹ 1.40 1.51 3.90 13.03 7.22 -- -- --

Top ten holdings (%) View all daily holdings » as at 27-Feb-20

No. of holdings: 41
Security name
Coupon
Maturity
Composite
rating^
Country
Currency
% of Fund
net assets
CZECH REPUBLIC GOVERNMENT BOND
2.000
13-Oct-33
AA-
Czech Republic
CZK
4.46
ARGENTINE REPUBLIC GOVERNMENT INTERNATI
3.375
12-Oct-20
CC+
Argentina
CHF
4.41
CZECH REPUBLIC GOVERNMENT BOND
2.750
23-Jul-29
AA-
Czech Republic
CZK
4.38
URUGUAY GOVERNMENT INTERNATIONAL BOND
8.500
15-Mar-28
BBB-
Uruguay
UYU
4.37
UKRAINE GOVERNMENT BOND
11.670
22-Nov-23
NR
Ukraine
UAH
4.12
INDONESIA TREASURY BOND
7.000
15-Sep-30
NA
Indonesia
IDR
3.80
PERUVIAN GOVERNMENT INTERNATIONAL BOND
6.900
12-Aug-37
A-
Peru
PEN
3.55
REPUBLIC OF SOUTH AFRICA GOVERNMENT BON
10.500
21-Dec-26
BB+
South Africa
ZAR
3.52
INDONESIA TREASURY BOND
7.500
15-Apr-40
NR
Indonesia
IDR
3.52
MALAYSIA GOVERNMENT BOND
3.478
14-Jun-24
NA
Malaysia
MYR
3.19
Top 10 Total (%) 39.32

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 27-Feb-20

  • Country

    Weightings (%)
  • Indonesia

    11.1
  • Thailand

    9.3
  • Czech

    8.8
  • Argentina

    8.0
  • Uruguay

    7.5
  • El Salvador

    7.3
  • Ukraine

    7.3
  • South Africa

    4.5
  • Angola

    3.9
  • Peru

    3.5
  • Malaysia

    3.2
  • Mexico

    3.2
  • Dominican Repb.

    3.0
  • Romania

    2.6
  • Azerbaijan

    2.0
  • Gabon

    1.2
  • Brazil

    1.2
  • Ghana

    1.1
  • Mongolia

    1.1
  • Belize

    1.0
  • Other/Cash

    9.3
  • Total

    100.1

Sector weightings (%) as at 27-Feb-20

  • Sector

    Weightings (%)
  • Sovereign

    81.4
  • Oil&Gas

    3.5
  • Real Estate

    1.3
  • Iron/Steel

    1.2
  • Electric

    1.2
  • Coal

    1.1
  • Chemicals

    0.7
  • Agriculture

    0.5
  • Other/Cash

    9.3
  • Total

    100.2

Maturity (%) as at 27-Feb-20

Average Portfolio Maturity: 11.20 Years