• 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 10/20/14

    • 30-Day SEC Yield1

      4.02%
    • Total Net Assets

      $926.6M
    • Number of Holdings

      240
    • Options

      Available
    • Gross Expense Ratio2

      0.52%
    • Net Expense Ratio/TER2

      0.47%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      10/31/2014
  • 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 10/17/14

    • Yield to Worst

      6.36%
    • Yield to Maturity

      6.36%
    • Effective Duration (yrs)

      4.78
    • Modified Duration (yrs)

      4.85
    • Years to Maturity

      7.09
    • Coupon

      6.50%
     4 See Important Disclosure for definitions.
  • Top 10 Constituents (%)as of 09/30/14

    Total Constituents: 197
    Constituent Name
    Coupon
    Maturity Weighting (%)
    Republic Of Chile
    5.500
    08/05/2020
    3.00
    Letra Tesouro Nacional
    0.000
    01/01/2016
    1.91
    Titulos De Tesoreria B
    10.000
    07/24/2024
    1.70
    Republic Of South Africa
    10.500
    12/21/2026
    1.70
    Republic Of Philippines
    6.250
    01/14/2036
    1.31
    Nota Do Tesouro Nacional
    10.000
    01/01/2017
    1.30
    Titulos De Tesoreria B
    7.250
    06/15/2016
    1.30
    Thailand Government Bond
    3.875
    06/13/2019
    1.19
    Republic Of Philippines
    4.950
    01/15/2021
    1.02
    Peru Bono Soberano
    7.840
    08/12/2020
    1.01
    Top 10 Total (%)15.44
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.
  • Index Country Weightings (%)
    as of 09/30/14

    • Country

      % of Net Assets
    • NA / UNDEFINED

      17.5
    • MEXICO

      9.8
    • POLAND

      8.3
    • SOUTH AFRICA

      8.1
    • MALAYSIA

      6.9
    • BRAZIL

      6.6
    • TURKEY

      6.2
    • RUSSIA

      6.2
    • THAILAND

      6.1
    • INDONESIA

      6.0
    • HUNGARY

      4.1
    • CHILE

      3.0
    • PHILIPPINES

      3.0
    • PERU

      3.0
    • ROMANIA

      2.0
    • NIGERIA

      2.0
    • COLOMBIA

      1.0
    • OTHERS

      0.0
  • Index Sector Weightings (%)
    as of 09/30/14

    • Sector

      % of Net Assets
    • Government

      100.0
  • Index Credit Quality (%)
    as of 09/30/14

    Composite % of Net Assets
    Investment Grade AA 3.00
    A 21.81
    BBB 46.65
    Non-Investment Grade BB 5.21
    Total Investment Grade 71.46
    Total Non-Investment Grade 5.21
    Not Rated 23.33
    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 09/30/14

    Average Maturity: 7.09 Years