• Ticker:- EMLC;true;GBIEMCOR;
  • Ticker Group:- ETFFI_IB;false;;
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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 05/22/15

    • 30-Day SEC Yield1

      5.89%
    • Total Net Assets

      $1.3B
    • Number of Holdings

      238
    • Options

      Available
    • Gross Expense Ratio2

      0.52%
    • Net Expense Ratio/TER2

      0.47%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      05/29/2015
  • 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 05/22/15

    • 30-Day SEC Yield1

      5.89%
    • Distribution Yield1

      5.73%
    • 12-Month Yield1

      5.93%
     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 05/21/15

    • Yield to Worst

      6.74%
    • Yield to Maturity

      6.78%
    • Effective Duration (yrs)

      4.83
    • Modified Duration (yrs)

      4.89
    • Years to Maturity

      7.21
    • Coupon

      6.72%
     4 See Important Disclosure for definitions.
  • Prices as of 05/22/15

    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 $20.32
    $20.32
    898,202
    215,203
    $-0.09 / -0.46%
    $-0.10 / -0.49%
    -1.3%
    -1.8%
    $0.00
    0.01%
  • 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) 2.89 -1.34 -0.65 -8.85 -3.21 -- -- 0.63
    EMLC (Share Price) 2.54 -1.71 -1.21 -8.73 -3.39 -- -- 0.62
    GBIEMCOR (Index) 2.93 -1.21 -0.93 -8.43 -2.57 -- -- 1.43
    Performance Differential (NAV - Index) -0.04 -0.13 0.28 -0.42 -0.64 -- -- -0.80
    After Tax Held -- -- -- -10.43 -- -- -- -1.04
    After Tax Sold -- -- -- -4.96 -- -- -- -0.09
    Quarter End as of 03/31/15
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    07/22/10
    EMLC (NAV) -2.76 -3.45 -3.45 -10.46 -3.86 -- -- 0.03
    EMLC (Share Price) -2.41 -3.66 -3.66 -9.80 -3.91 -- -- 0.09
    GBIEMCOR (Index) -2.76 -3.75 -3.75 -10.13 -3.17 -- -- 0.83
    Performance Differential (NAV - Index) 0.00 0.30 0.30 -0.33 -0.69 -- -- -0.80
    After Tax Held -- -- -- -12.08 -- -- -- -1.62
    After Tax Sold -- -- -- -5.83 -- -- -- -0.51
  • View All Holdings »Top 10 Holdings (%)as of 04/30/15

    Total Holdings: 240
    Holding Name
    Coupon
    Maturity
    Composite
    Rating
    Country
    Currency
    % of Net
    Assets
    Chile Government International Bond
    5.500
    08/05/2020
    AA-
    Chile
    CLP
    2.99
    Mexican Bonos
    10.000
    12/05/2024
    A-
    Mexico
    MXN
    1.66
    Poland Government Bond
    5.750
    09/23/2022
    A
    Poland
    PLN
    1.58
    Brazil Notas Do Tesouro Nacional Ser F
    10.000
    01/01/2017
    BBB
    Brazil
    BRL
    1.42
    Mexican Bonos
    8.000
    06/11/2020
    A-
    Mexico
    MXN
    1.28
    Philippine Government International Bon
    6.250
    01/14/2036
    BBB-
    Philippines
    PHP
    1.22
    Eskom Holdings Ltd
    9.250
    04/20/2018
    NR
    South Africa
    ZAR
    1.22
    Poland Government Bond
    2.500
    07/25/2018
    A
    Poland
    PLN
    1.18
    Colombian Tes
    10.000
    07/24/2024
    BBB
    Colombia
    COP
    1.07
    Thailand Government Bond
    3.875
    06/13/2019
    BBB+
    Thailand
    THB
    1.05
    Top 10 Total (%)14.67

    †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 04/30/15

    • Country

      % of Net Assets
    • POLAND

      9.5
    • BRAZIL

      8.8
    • MALAYSIA

      8.8
    • MEXICO

      7.9
    • SOUTH AFRICA

      7.5
    • SUPRA-NATIONAL

      6.8
    • THAILAND

      6.5
    • COLOMBIA

      6.5
    • TURKEY

      6.4
    • INDONESIA

      6.1
    • RUSSIA

      4.8
    • HUNGARY

      4.4
    • ROMANIA

      3.0
    • CHILE

      3.0
    • PERU

      3.0
    • NIGERIA

      3.0
    • PHILIPPINES

      3.0
    • NETHERLANDS

      0.2
    • GERMANY

      0.1
    • Other

      0.5
  • Currency Exposure (%)
    as of 04/30/15

    • Brazilian Real

      9.93
    • Mexican Peso

      9.86
    • Polish Zloty

      9.77
    • South African Rand

      9.23
    • Malaysian Ringgit

      8.77
    • Turkish Lira

      7.47
    • Indonesian Rupiah

      7.25
    • Thai Baht

      6.52
    • Colombian Peso

      6.50
    • Russian Ruble

      4.82
    • Hungarian Forint

      4.41
    • New Romanian Leu

      3.02
    • Chilean Peso

      2.99
    • Peruvian New Sol

      2.99
    • Nigeria Naira

      2.97
    • Philippines Peso

      2.97
    • Other

      0.53
  • Sector Weightings (%) as of 04/30/15

    • Sector

      % of Net Assets
    • Government

      92.4
    • Utilities

      3.1
    • Financial

      1.6
    • Industrial

      1.2
    • Energy

      0.7
    • Consumer, Non-cyclical

      0.6
    • Other

      0.5
  • Credit Quality (%)
    as of 04/30/15

    Composite % of Net Assets
    Investment Grade AAA 4.98
    AA 3.25
    A 20.34
    BBB 41.56
    Non-Investment Grade BB 9.88
    Total Investment Grade 70.13
    Total Non-Investment Grade 9.88
    Not Rated 19.99
    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 04/30/15

    Average Portfolio Maturity: 7.19 Years