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EM Local Currency Bond ETF EMLC

  • Full Name: Market Vectors®
    Emerging Markets Local Currency Bond ETF (EMLC)

    Management Style: Sampling

    Underlying Index: The J.P. Morgan GBI-EMG Core Index (GBIEMCOR)

    Index Provider: J.P. Morgan

    Index Description: GBIEMCOR provides direct exposure to local currency bonds issued by emerging market governments. As such, the Fund is subject to the risks of investing in emerging market debt securities.

  •  
      

    • Fund Ticker

      EMLC
    • Exchange

      NYSE Arca
    • Commencement

      07/22/2010
    • ETF Structure

      Physical
    • Administrator

      Van Eck Associates
    • Custodian

      Bank of New York Mellon
    • Index Ticker

      GBIEMCOR
    • Index Rebalancing

      Monthly
    • Preliminary NAIC
      Designation7

      2
  •  
    as of 01/29/15

    • 30-Day SEC Yield1

      5.60%
    • Total Net Assets

      $1.2B
    • Number of Holdings

      257
    • Options

      Available
    • Gross Expense Ratio2

      0.52%
    • Net Expense Ratio/TER2

      0.47%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      01/30/2015
  • Key Points

    • Seeks to Replicate the J.P. Morgan GBI-EMG Core Index 

    • Provides Exposure to Local Bond Markets in Emerging Economies 

    • Emerging Markets Currently Have Higher Yields than Developed Markets and Potential for Currency Appreciation
  • Yields
    as of 01/29/15

    • 30-Day SEC Yield1

      5.60%
    • Distribution Yield1

      5.38%
    • 12-Month Yield1

      5.94%
     1 See Important Disclosure for definitions.
  • Fees & Expenses2

    • Management Fee

      0.35%
    • Other Expenses

      0.17%
    • Acquired Fund Fees and Expenses

      --
    • Gross Expense Ratio

      0.52%
    • Fee Waivers and
      Expense Reimbursement

      -0.05%
    • Net Expense Ratio/TER2

      0.47%
    2Expenses for EMLC are capped contractually at 0.47% until 09/01/15. Cap excludes certain expenses, such as interest. TER, or Total Expense Ratio, is also referred to as "Net Expense Ratio". See Important Disclosure for more information.
  • Trading Information

    • Fund Ticker

      EMLC
    • Index Total Return Ticker

      GBIEMCOR
    • NAV

      EMLCNV
    • Intraday NAV (IIV)5

      EMLCIV
    • Shares Outstanding

      40,800,000
    • Estimated Cash

      EMLCEU
    • Total Cash

      EMLCTC
    • CUSIP

      57060U522
    • ISIN

      US57060U5222
    5See IIV Details. Source: Bloomberg
  • Fundamentals4
    as of 01/28/15

    • Yield to Worst

      6.05%
    • Yield to Maturity

      6.08%
    • Effective Duration (yrs)

      4.91
    • Modified Duration (yrs)

      5.00
    • Years to Maturity

      7.27
    • Coupon

      6.81%
     4 See Important Disclosure for definitions.
  • Prices as of 01/29/15

    NAV/
    Last Price
    Volume
    30-Day Avg./
    Last Trading Day
    Daily Change
    NAV/
    Last Price
    YTD Change
    NAV/
    Last Price
    Premium/
    Discount
    Prem/Discount
    Distribution Charts
    NAV &
    Prem/Discount
    History
    NAV
    Chart
    EMLC $21.30
    $21.27
    897,530
    281,019
    $-0.09 / -0.43%
    $-0.05 / -0.23%
    +1.6%
    +0.9%
    $-0.03
    -0.15%
  • View All Indices » View All ETFs » Performance History: Average Annual Total Returns* (%)

    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    07/22/10
    EMLC (NAV) -5.92 -6.05 -5.62 -5.62 0.01 -- -- 0.83
    EMLC (Share Price) -5.48 -5.89 -5.04 -5.04 -0.04 -- -- 0.94
    GBIEMCOR (Index) -5.52 -5.42 -5.19 -5.19 0.70 -- -- 1.74
    Performance Differential (NAV - Index) -0.40 -0.63 -0.43 -0.43 -0.69 -- -- -0.91
    After Tax Held -- -- -- -7.83 -- -- -- -0.98
    After Tax Sold -- -- -- -3.08 -- -- -- 0.01
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    07/22/10
    EMLC (NAV) -5.92 -6.05 -5.62 -5.62 0.01 -- -- 0.83
    EMLC (Share Price) -5.48 -5.89 -5.04 -5.04 -0.04 -- -- 0.94
    GBIEMCOR (Index) -5.52 -5.42 -5.19 -5.19 0.70 -- -- 1.74
    Performance Differential (NAV - Index) -0.40 -0.63 -0.43 -0.43 -0.69 -- -- -0.91
    After Tax Held -- -- -- -7.83 -- -- -- -0.98
    After Tax Sold -- -- -- -3.08 -- -- -- 0.01
  • View All Holdings »Top 10 Holdings (%)as of 12/31/14

    Total Holdings: 253
    Holding Name
    Coupon
    Maturity
    Composite
    Rating
    Country
    Currency
    % of Net
    Assets
    Chile Government International Bond
    5.500
    08/05/2020
    AA-
    Chile
    CLP
    3.10
    Poland Government Bond
    5.750
    09/23/2022
    A
    Poland
    PLN
    2.64
    Eskom Holdings Ltd
    9.250
    04/20/2018
    NR
    South Africa
    ZAR
    1.96
    Mexican Bonos
    10.000
    12/05/2024
    A-
    Mexico
    MXN
    1.73
    Rushydro Jsc Via Rushydro Finance Ltd
    7.875
    10/28/2015
    BB+
    Russian Federation
    RUB
    1.45
    Brazil Letras Do Tesouro Nacional
    0.000
    01/01/2017
    BBB
    Brazil
    BRL
    1.40
    Philippine Government International Bon
    6.250
    01/14/2036
    BBB-
    Philippines
    PHP
    1.31
    Colombia Government International Bond
    4.375
    03/21/2023
    BBB
    Colombia
    COP
    1.29
    Malaysia Government Bond
    4.392
    04/15/2026
    NR
    Malaysia
    MYR
    1.29
    Inter-American Development Bank
    8.000
    01/26/2016
    AAA
    Supra- National
    MXN
    1.17
    Top 10 Total (%)17.34

    †See Country of Risk disclosure. These are not recommendations to buy or to sell any security. Securities and holdings may vary. Composite Rating: An evenly weighted blend of a security's Moody's, S&P, Fitch and DBRS ratings. Not Rated indicates that a security is rated by fewer than two of the four rating agencies. This composite is not intended to be a credit opinion. These are not recommendations to buy or to sell any security. Securities and holdings may vary.

  • Country Weightings (%) as of 12/31/14

    • Country

      % of Net Assets
    • POLAND

      9.9
    • BRAZIL

      9.3
    • SOUTH AFRICA

      8.9
    • MALAYSIA

      8.5
    • TURKEY

      8.5
    • MEXICO

      7.1
    • INDONESIA

      6.9
    • COLOMBIA

      6.3
    • THAILAND

      6.1
    • HUNGARY

      4.4
    • RUSSIA

      4.0
    • SUPRA-NATIONAL

      3.5
    • CHILE

      3.1
    • PHILIPPINES

      3.1
    • ROMANIA

      3.1
    • PERU

      3.0
    • NIGERIA

      2.9
    • GERMANY

      0.5
    • NETHERLANDS

      0.3
    • FINLAND

      0.0
    • Other

      0.7
  • Currency Exposure (%)
    as of 12/31/14

    • Mexican Peso

      9.96
    • Polish Zloty

      9.93
    • Brazilian Real

      9.63
    • Turkish Lira

      9.33
    • South African Rand

      8.91
    • Malaysian Ringgit

      8.49
    • Indonesian Rupiah

      6.89
    • Colombian Peso

      6.27
    • Thai Baht

      6.09
    • Hungarian Forint

      4.64
    • Russian Ruble

      3.99
    • Chilean Peso

      3.10
    • Philippines Peso

      3.05
    • New Romanian Leu

      3.05
    • Peruvian New Sol

      3.02
    • Nigeria Naira

      2.95
    • Other

      0.72
    • Total

      100.02
  • Sector Weightings (%) as of 12/31/14

    • Sector

      % of Net Assets
    • Government

      90.2
    • Utilities

      4.9
    • Financial

      2.3
    • Industrial

      1.2
    • Consumer, Non-cyclical

      0.7
    • Other

      0.7
  • Credit Quality (%)
    as of 12/31/14

    Composite % of Net Assets
    Investment Grade AAA 3.91
    AA 3.35
    A 20.63
    BBB 39.92
    Non-Investment Grade BB 7.23
    Total Investment Grade 67.81
    Total Non-Investment Grade 7.23
    Not rated 24.96
    Composite Rating: An evenly weighted blend of a security's Moody's, S&P, Fitch and DBRS ratings. Not Rated indicates that a security is rated by fewer than two of the four rating agencies. This composite is not intended to be a credit opinion.
  • Maturity (%) as of 12/31/14

    Average Portfolio Maturity: 6.98 Years