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EMLC Market Vectors J.P. Morgan EM Local Currency Bond ETF

  • Fund Description

    The Market Vectors® J.P. Morgan EM Local Currency Bond ETF (EMLC®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the J.P. Morgan GBI-EMG Core Index (GBIEMCOR), which is comprised of bonds issued by emerging market governments and denominated in the local currency of the issuer.

  •  
      

    • 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 02/08/16

    • 30-Day SEC Yield1

      6.29%
    • Total Net Assets

      $1.1B
    • Number of Holdings

      197
    • Options

      Available
    • Gross Expense Ratio2

      0.49%
    • Net Expense Ratio/TER2

      0.47%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      02/29/2016
  • 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
  • Yield
    as of 02/08/16

    • 30-Day SEC Yield1

      6.29%
    • Distribution Yield1

      6.07%
    • 12-Month Yield1

      6.26%
     1 See Important Disclosure for definitions.
  • Fees and Expenses2

    • Management Fee

      0.35%
    • Other Expenses

      0.14%
    • Acquired Fund Fees and Expenses

      --
    • Gross Expense Ratio

      0.49%
    • Fee Waivers and
      Expense Reimbursement

      -0.02%
    • Net Expense Ratio/TER2

      0.47%
    2Expenses for EMLC are capped contractually at 0.47% until 09/01/16. Cap excludes certain expenses, such as interest.
  • Trading Information

    • Fund Ticker

      EMLC
    • Index Total Return Ticker

      GBIEMCOR
    • NAV

      EMLCNV
    • Intraday NAV (IIV)5

      EMLCIV
    • Shares Outstanding

      62,200,000
    • Estimated Cash

      EMLCEU
    • Total Cash

      EMLCTC
    • CUSIP

      57060U522
    • ISIN

      US57060U5222
    5See IIV Details. Source: Bloomberg
  • Fundamentals4
    as of 02/08/16

    • Yield to Worst

      7.13%
    • Yield to Maturity

      7.15%
    • Effective Duration (yrs)

      4.76
    • Years to Maturity

      7.05
    • Modified Duration (yrs)

      4.83
    • Coupon

      6.28%
     4 See Important Disclosure for definitions.
  • Prices as of 02/08/16

    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 $16.99
    $16.87
    818,665
    328,358
    $-0.12 / -0.21%
    $-0.15 / -0.38%
    +1.0%
    +0.2%
    $-0.12
    -0.70%
  • 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) -2.62 -0.62 -14.64 -14.64 -9.79 -3.69 -- -2.21
    EMLC (Share Price) -2.73 -0.50 -15.07 -15.07 -10.15 -3.85 -- -2.21
    GBIEMCOR (Index) -2.21 -0.29 -14.27 -14.27 -9.34 -3.01 -- -1.41
    Performance Differential (NAV - Index) -0.41 -0.33 -0.37 -0.37 -0.45 -0.68 -- -0.80
    After Tax Held -2.82 -1.23 -16.64 -16.64 -11.54 -5.43 -- -3.92
    After Tax Sold -1.48 -0.34 -8.17 -8.17 -7.88 -3.27 -- -2.16
    Quarter End as of 12/31/15
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    07/22/10
    EMLC (NAV) -2.62 -0.62 -14.64 -14.64 -9.79 -3.69 -- -2.21
    EMLC (Share Price) -2.73 -0.50 -15.07 -15.07 -10.15 -3.85 -- -2.21
    GBIEMCOR (Index) -2.21 -0.29 -14.27 -14.27 -9.34 -3.01 -- -1.41
    Performance Differential (NAV - Index) -0.41 -0.33 -0.37 -0.37 -0.45 -0.68 -- -0.80
    After Tax Held -2.82 -1.23 -16.64 -16.64 -11.54 -5.43 -- -3.92
    After Tax Sold -1.48 -0.34 -8.17 -8.17 -7.88 -3.27 -- -2.16
  • Daily Holdings »Top 10 Holdings (%)as of 01/31/16

    Total Holdings: 197
    Holding Name
    Coupon
    Maturity
    Composite
    Rating
    Country
    Currency
    % of Net
    Assets
    Chile Government International Bond
    5.500
    08/05/2020
    AA-
    Chile
    CLP
    2.97
    Thailand Government Bond
    3.650
    12/17/2021
    BBB+
    Thailand
    THB
    1.69
    South Africa Government Bond
    7.000
    02/28/2031
    BBB
    South Africa
    ZAR
    1.65
    Indonesia Treasury Bond
    8.375
    03/15/2024
    BBB-
    Indonesia
    IDR
    1.52
    Philippine Government International Bon
    6.250
    01/14/2036
    BBB-
    Philippines
    PHP
    1.46
    Brazil Letras Do Tesouro Nacional
    0.000
    07/01/2018
    BBB-
    Brazil
    BRL
    1.45
    Brazil Notas Do Tesouro Nacional Ser F
    10.000
    01/01/2021
    BBB-
    Brazil
    BRL
    1.33
    Indonesia Treasury Bond
    9.000
    03/15/2029
    BBB-
    Indonesia
    IDR
    1.19
    European Investment Bank
    8.500
    07/25/2019
    AAA
    Supra- National
    TRY
    1.13
    Indonesia Treasury Bond
    8.375
    03/15/2034
    BBB-
    Indonesia
    IDR
    1.13
    Top 10 Total (%)15.52

    These are not recommendations to buy or to sell any security. Securities and holdings may vary.

  • Country Weightings (%) as of 01/31/16

    • Country

      % of Net Assets
    • MALAYSIA

      8.63
    • POLAND

      8.45
    • SUPRA-NATIONAL

      8.19
    • MEXICO

      8.06
    • BRAZIL

      7.73
    • THAILAND

      7.47
    • INDONESIA

      6.84
    • TURKEY

      6.49
    • SOUTH AFRICA

      6.01
    • COLOMBIA

      5.25
    • HUNGARY

      4.90
    • RUSSIA

      4.24
    • ROMANIA

      3.18
    • PHILIPPINES

      2.98
    • CHILE

      2.97
    • PERU

      2.91
    • GERMANY

      0.90
    • Other/Cash

      4.81
  • Currency Exposure (%)
    as of 01/31/16

    • Polish Zloty

      9.32
    • Brazilian Real

      9.16
    • Mexican Peso

      8.86
    • Malaysian Ringgit

      8.63
    • Turkish Lira

      8.50
    • Indonesian Rupiah

      8.31
    • South African Rand

      8.28
    • Thai Baht

      7.47
    • Colombian Peso

      5.25
    • Hungarian Forint

      4.90
    • Russian Ruble

      4.49
    • New Romanian Leu

      3.18
    • Philippines Peso

      2.98
    • Chilean Peso

      2.97
    • Peruvian New Sol

      2.91
    • Other/Cash

      4.81
  • Sector Weightings (%) as of 01/31/16

    • Sector

      % of Net Assets
    • Government

      89.6
    • Financial

      1.9
    • Utilities

      1.4
    • Energy

      1.1
    • Industrial

      0.7
    • Consumer, Non-cyclical

      0.5
    • Other/Cash

      4.8
  • Credit Quality (%)
    as of 01/31/16

    Composite % of Net Assets
    Investment Grade AAA 6.90
    AA 3.13
    A 23.35
    BBB 40.59
    Non-Investment Grade BB 9.69
    Total Investment Grade -- 73.97
    Total Non-Investment Grade -- 9.69
    Not Rated -- 13.28
    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 01/31/16

    Average Portfolio Maturity: 7.08 Years