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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
  • Index Key Points

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

    Local currency bonds issued by emerging market governments.

    Market-cap weighted:
    Country Max: 10%; Min: 3%  

    Index Provider: J.P. Morgan

  • Index Profile

    • Ticker

      GBIEMCOR
    • Inception Date

      07/22/2010
    • Rebalance Frequency

      Monthly
  • Index Fundamentals4
    as of 02/05/16

    • Yield to Worst

      6.74%
    • Yield to Maturity

      6.74%
    • Effective Duration (yrs)

      4.79
    • Years to Maturity

      7.08
    • Modified Duration (yrs)

      4.84
    • Coupon

      6.14%
     4 See Important Disclosure for definitions.
  • Top 10 Constituents (%)as of 01/31/16

    Total Constituents: 191
    Constituent Name
    Coupon
    Maturity Weighting (%)
    Republic Of Chile
    5.500
    08/05/2020
    3.00
    Nota Do Tesouro Nacional
    10.000
    01/01/2021
    1.67
    Republic Of South Africa
    10.500
    12/21/2026
    1.45
    Letra Tesouro Nacional
    0.000
    01/01/2019
    1.44
    Indonesia Government
    8.375
    03/15/2024
    1.36
    Republic Of Philippines
    6.250
    01/14/2036
    1.34
    Thailand Government Bond
    3.650
    12/17/2021
    1.30
    Titulos De Tesoreria B
    10.000
    07/24/2024
    1.30
    Thailand Government Bond
    3.875
    06/13/2019
    1.26
    Mex Bonos Desarr Fix Rt
    10.000
    12/05/2024
    1.21
    Top 10 Total (%)15.33
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.
  • Index Country Weightings (%) as of 01/31/16

    • Country

      % of Net Assets
    • MEXICO

      10.00
    • BRAZIL

      9.95
    • MALAYSIA

      8.89
    • POLAND

      8.71
    • INDONESIA

      8.69
    • TURKEY

      8.53
    • SOUTH AFRICA

      8.28
    • THAILAND

      7.77
    • COLOMBIA

      5.28
    • HUNGARY

      5.08
    • RUSSIA

      4.53
    • ROMANIA

      3.12
    • CHILE

      3.00
    • PERU

      3.00
    • PHILIPPINES

      3.00
    • NA / UNDEFINED

      1.86
  • Index Sector Weightings (%) as of 01/31/16

    • Sector

      % of Net Assets
    • Government

      99.7
  • Index Credit Quality (%)
    as of 01/31/16

    Composite % of Net Assets
    Investment Grade AA 3.00
    A 25.17
    BBB 45.20
    Non-Investment Grade BB 9.39
    Total Investment Grade -- 73.37
    Total Non-Investment Grade -- 9.39
    Not Rated -- 17.24
    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 Maturity: 7.08 Years