• Ticker:- EMLC;true;GBIEMCOR;
  • Ticker Group:- ETFFI_IB;false;;
  • Related Market Vectors ETFs

  • How to Purchase

Individual Investors

Subscribe to email updates

Subscribe now

Financial Professionals

Subscribe to email updates, or password protected financial professional-only content
email address/username
password

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 02/27/15

    • 30-Day SEC Yield1

      5.53%
    • Total Net Assets

      $1.0B
    • Number of Holdings

      239
    • Options

      Available
    • Gross Expense Ratio2

      0.52%
    • Net Expense Ratio/TER2

      0.47%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      03/31/2015
  • 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 02/27/15

    • 30-Day SEC Yield1

      5.53%
    • Distribution Yield1

      4.98%
    • 12-Month Yield1

      5.99%
     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 02/26/15

    • Yield to Worst

      6.23%
    • Yield to Maturity

      6.26%
    • Effective Duration (yrs)

      5.04
    • Modified Duration (yrs)

      5.12
    • Years to Maturity

      7.45
    • Coupon

      6.88%
     4 See Important Disclosure for definitions.
  • Prices as of 02/27/15

    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 $20.73
    $20.72
    874,864
    214,093
    $-0.08 / -0.40%
    $-0.05 / -0.24%
    -0.7%
    -1.3%
    $-0.01
    -0.04%
  • 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) 0.70 -6.55 0.70 -0.86 -2.19 -- -- 0.96
    EMLC (Share Price) 0.50 -6.28 0.50 -0.66 -2.25 -- -- 1.03
    GBIEMCOR (Index) 0.29 -6.56 0.29 -0.31 -1.54 -- -- 1.78
    Performance Differential (NAV - Index) 0.41 0.01 0.41 -0.55 -0.65 -- -- -0.82
    After Tax Held -- -- -- -3.18 -- -- -- -0.85
    After Tax Sold -- -- -- -0.40 -- -- -- 0.10
    Quarter End as of 12/31/14
    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 01/31/15

    Total Holdings: 239
    Holding Name
    Coupon
    Maturity
    Composite
    Rating
    Country
    Currency
    % of Net
    Assets
    Chile Government International Bond
    5.500
    08/05/2020
    AA-
    Chile
    CLP
    2.89
    Poland Government Bond
    5.750
    09/23/2022
    A
    Poland
    PLN
    2.29
    Mexican Bonos
    10.000
    12/05/2024
    A-
    Mexico
    MXN
    1.95
    Eskom Holdings Ltd
    9.250
    04/20/2018
    NR
    South Africa
    ZAR
    1.72
    Malaysia Government Bond
    4.392
    04/15/2026
    NR
    Malaysia
    MYR
    1.38
    Brazil Letras Do Tesouro Nacional
    0.000
    10/01/2016
    NR
    Brazil
    BRL
    1.29
    Philippine Government International Bon
    6.250
    01/14/2036
    BBB-
    Philippines
    PHP
    1.28
    Brazil Letras Do Tesouro Nacional
    0.000
    01/01/2017
    BBB
    Brazil
    BRL
    1.23
    Mexican Bonos
    8.000
    06/11/2020
    A-
    Mexico
    MXN
    1.17
    Turkey Government Bond
    8.800
    09/27/2023
    BBB
    Turkey
    TRY
    1.16
    Top 10 Total (%)16.36

    †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 01/31/15

    • Country

      % of Net Assets
    • MALAYSIA

      8.4
    • POLAND

      8.3
    • SOUTH AFRICA

      8.1
    • BRAZIL

      7.8
    • MEXICO

      7.7
    • TURKEY

      7.3
    • INDONESIA

      6.6
    • THAILAND

      6.2
    • COLOMBIA

      5.5
    • HUNGARY

      4.1
    • SUPRA-NATIONAL

      4.0
    • RUSSIA

      3.4
    • PHILIPPINES

      3.2
    • NIGERIA

      3.0
    • PERU

      3.0
    • CHILE

      2.9
    • ROMANIA

      2.4
    • GERMANY

      0.5
    • NETHERLANDS

      0.2
    • FINLAND

      0.0
    • Other

      7.4
  • Currency Exposure (%)
    as of 01/31/15

    • Mexican Peso

      10.00
    • Brazilian Real

      8.55
    • South African Rand

      8.49
    • Malaysian Ringgit

      8.40
    • Polish Zloty

      8.27
    • Turkish Lira

      8.25
    • Indonesian Rupiah

      6.91
    • Thai Baht

      6.21
    • Colombian Peso

      5.54
    • Hungarian Forint

      4.05
    • Russian Ruble

      3.44
    • Philippines Peso

      3.16
    • Nigeria Naira

      3.03
    • Peruvian New Sol

      2.96
    • Chilean Peso

      2.89
    • New Romanian Leu

      2.42
    • Other

      7.43
  • Sector Weightings (%) as of 01/31/15

    • Sector

      % of Net Assets
    • Government

      85.7
    • Utilities

      3.2
    • Financial

      2.0
    • Industrial

      1.1
    • Consumer, Non-cyclical

      0.6
    • Other

      7.4
  • Credit Quality (%)
    as of 01/31/15

    Composite % of Net Assets
    Investment Grade AAA 3.61
    AA 3.11
    A 19.18
    BBB 35.85
    Non-Investment Grade BB 6.54
    Total Investment Grade 61.74
    Total Non-Investment Grade 6.54
    Not rated 31.71
    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 01/31/15

    Average Portfolio Maturity: 6.98 Years