EMLC Fees and Costs — VanEck J.P. Morgan EM Local Currency Bond ETF
Data updated: 2026-08-26
The net expense ratio is 0.30%: a 0.27% management fee plus 0.04% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 26%.
EMLC Fees and Expenses
Annual operating expenses and sales charges of EMLC. Prospectus, as of May 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.27% |
| 12b-1 fee | — |
| Other expenses | 0.04% |
| Gross expense ratio | 0.31% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.30% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
EMLC Costs Over Time
On $10,000 invested in EMLC, assuming 5% a year before costs, total costs come to $190 over 5 years, cutting the return by 0.31% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.30%) | $32 | $99 | $173 |
| Lost growth on money paid in costs | $0 | $5 | $17 |
| Total costs | $32 | $104 | $190 |
| Value after costs | $10,468 | $11,472 | $12,573 |
| Impact on return, per year | 0.31% | 0.31% | 0.31% |
EMLC Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $3.2B
- Portfolio turnover (prospectus): 26%
- Securities on loan, average value: $9.0M
- Net income from securities lending: $23K (0.001% of average net assets)
EMLC Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $904.4M | 34.35% |
| HSBC Securities (USA) Inc. | $395.3M | 15.02% |
| Goldman Sachs & Co. LLC | $228.9M | 8.70% |
| Deutsche Bank Securities Inc. | $215.6M | 8.19% |
| BofA Securities, Inc. | $206.6M | 7.85% |
| BBVA Securities Inc. | $152.0M | 5.77% |
| Standard Chartered Securities (North America) LLC | $144.2M | 5.48% |
| Citigroup Global Markets Inc. | $133.5M | 5.07% |
| Santander Securities LLC | $130.5M | 4.96% |
| BNP Paribas Securities Corp. | $121.4M | 4.61% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.