• 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
  • 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 02/26/15

    • Yield to Worst

      6.24%
    • Yield to Maturity

      6.24%
    • Effective Duration (yrs)

      4.94
    • Modified Duration (yrs)

      5.01
    • Years to Maturity

      7.25
    • Coupon

      6.53%
     4 See Important Disclosure for definitions.
  • Top 10 Constituents (%)as of 01/31/15

    Total Constituents: 197
    Constituent Name
    Coupon
    Maturity Weighting (%)
    Republic Of Chile
    5.500
    08/05/2020
    3.00
    Republic Of South Africa
    10.500
    12/21/2026
    1.81
    Titulos De Tesoreria B
    10.000
    07/24/2024
    1.60
    Republic Of Philippines
    6.250
    01/14/2036
    1.34
    Nota Do Tesouro Nacional
    10.000
    01/01/2017
    1.32
    Thailand Government Bond
    3.875
    06/13/2019
    1.23
    Titulos De Tesoreria B
    7.250
    06/15/2016
    1.15
    Letra Tesouro Nacional
    0.000
    07/01/2016
    1.09
    Indonesia Government
    8.375
    03/15/2024
    1.07
    Nota Do Tesouro Nacional
    10.000
    01/01/2021
    1.06
    Top 10 Total (%)14.67
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.
  • Index Country Weightings (%) as of 01/31/15

    • Country

      % of Net Assets
    • NA / UNDEFINED

      21.7
    • MEXICO

      9.6
    • SOUTH AFRICA

      9.0
    • POLAND

      8.3
    • INDONESIA

      7.0
    • MALAYSIA

      6.9
    • THAILAND

      6.4
    • TURKEY

      6.0
    • BRAZIL

      5.1
    • HUNGARY

      3.6
    • RUSSIA

      3.6
    • CHILE

      3.0
    • PHILIPPINES

      3.0
    • PERU

      2.4
    • NIGERIA

      1.8
    • ROMANIA

      1.6
    • COLOMBIA

      1.1
    • OTHERS

      0.0
  • Index Sector Weightings (%) as of 01/31/15

    • Sector

      % of Net Assets
    • Government

      100.0
  • Index Credit Quality (%)
    as of 01/31/15

    Composite % of Net Assets
    Investment Grade AA 3.00
    A 22.23
    BBB 44.09
    Non-Investment Grade BB 4.92
    Total Investment Grade 69.33
    Total Non-Investment Grade 4.92
    Not Rated 25.76
    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 Maturity: 7.34 Years