• 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 08/21/14

    • 30-Day SEC Yield1

      4.60%
    • Total Net Assets

      $889.3M
    • Number of Holdings

      235
    • Options

      Available
    • Gross Expense Ratio2

      0.48%
    • Net Expense Ratio/TER2

      0.47%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      08/29/2014
  • 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 08/21/14

    • Yield to Worst

      6.38%
    • Yield to Maturity

      6.38%
    • Effective Duration (yrs)

      4.70
    • Modified Duration (yrs)

      4.77
    • Years to Maturity

      6.97
    • Coupon

      6.59%
     4 See Important Disclosure for definitions.
  • Top 10 Constituents (%)as of 07/31/14

    Total Constituents: 195
    Constituent Name
    Coupon
    Maturity Weighting (%)
    Republic Of Chile
    5.500
    08/05/2020
    3.00
    Letra Tesouro Nacional
    0.000
    01/01/2016
    2.03
    Republic Of South Africa
    10.500
    12/21/2026
    1.71
    Nota Do Tesouro Nacional
    10.000
    01/01/2017
    1.39
    Republic Of Philippines
    6.250
    01/14/2036
    1.29
    Thailand Government Bond
    3.875
    06/13/2019
    1.10
    Titulos De Tesoreria B
    10.000
    07/24/2024
    1.05
    Republic Of Philippines
    4.950
    01/15/2021
    1.03
    Letra Tesouro Nacional
    0.000
    07/01/2016
    1.03
    Peru Bono Soberano
    7.840
    08/12/2020
    1.01
    Top 10 Total (%)14.64
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.
  • Index Country Weightings (%)
    as of 07/31/14

    • Country

      % of Net Assets
    • NA / UNDEFINED

      12.3
    • MEXICO

      9.9
    • SOUTH AFRICA

      9.2
    • POLAND

      8.5
    • MALAYSIA

      7.2
    • TURKEY

      7.1
    • BRAZIL

      7.1
    • RUSSIA

      6.7
    • INDONESIA

      6.1
    • THAILAND

      5.8
    • HUNGARY

      4.2
    • PERU

      3.0
    • PHILIPPINES

      3.0
    • CHILE

      3.0
    • ROMANIA

      2.4
    • NIGERIA

      2.3
    • COLOMBIA

      2.2
  • Index Sector Weightings (%)
    as of 07/31/14

    • Sector

      % of Net Assets
    • Government

      100.0
  • Index Credit Quality (%)
    as of 07/31/14

    Composite % of Net Assets
    Investment Grade AA 3.00
    A 21.93
    BBB 48.94
    Non-Investment Grade BB 5.20
    Total Investment Grade 73.87
    Total Non-Investment Grade 5.20
    Not Rated 20.93
    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 07/31/14

    Average Maturity: 7.01 Years