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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 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
    • Index Total Return Ticker

      GBIEMCOR
    • Index Provider

      J.P. Morgan
    • Total Net Assets

      $827.3M
    • Shares Outstanding

      34,800,000
    • Number of Holdings

      208
    • Commencement Date

      07/22/2010
  •  
    as of 04/17/14

    • 30-Day SEC Yield1

      5.55%
    • Distribution Frequency

      Monthly
    • Gross Expense Ratio2

      0.48%
    • Net Expense Ratio2

      0.47%
    • Options

      Available
    • Preliminary NAIC Designation7

      2
    • Management Team »
    • EMLC Fact Sheet »
    1,2,7 See Important Disclosure
  • Country Weightings (%)
    as of 03/31/14

    • Country

      % of Net Assets
    • BRAZIL

      9.8
    • POLAND

      9.8
    • SOUTH AFRICA

      9.4
    • MALAYSIA

      8.6
    • RUSSIA

      8.0
    • TURKEY

      7.4
    • INDONESIA

      6.6
    • THAILAND

      6.6
    • MEXICO

      5.4
    • HUNGARY

      4.5
    • SUPRA-NATIONAL

      3.8
    • COLOMBIA

      3.3
    • CHILE

      3.0
    • PHILIPPINES

      3.0
    • ROMANIA

      3.0
    • PERU

      3.0
    • NIGERIA

      2.9
    • GERMANY

      0.7
    • SWEDEN

      0.4
    • NETHERLANDS

      0.4
    • Other

      0.5
    • Total

      100.1
  • Portfolio Composition (%)
    as of 03/31/14

    • % of Net Assets

    • Stocks

      0.00
    • Bonds

      99.53
    • Other

      0.00
    • Cash

      0.47
    • Total

      100.00
  • Currency Exposure (%)
    as of 03/31/14

    • Brazilian Real

      10.12
    • Mexican Peso

      9.97
    • Polish Zloty

      9.77
    • South African Rand

      9.56
    • Malaysian Ringgit

      8.60
    • Russian Ruble

      8.02
    • Turkish Lira

      7.36
    • Indonesian Rupiah

      6.59
    • Thai Baht

      6.58
    • Hungarian Forint

      4.79
    • Colombian Peso

      3.33
    • Chilean Peso

      3.00
    • Philippines Peso

      2.98
    • New Romanian Leu

      2.97
    • Peruvian New Sol

      2.97
    • Nigeria Naira

      2.94
    • Other

      0.47
    • Total

      100.02
  • Credit Quality (%)
    as of 03/31/14

    Composite % of Net Assets
    Investment Grade AAA 4.53
    AA 3.37
    A 17.88
    BBB 43.22
    Non-Investment Grade BB 9.33
    Total Investment Grade 69.00
    Total Non-Investment Grade 9.33
    Not rated 21.66
    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.
  • 3-YR Risk Measures*
    as of 03/31/14

    • Beta vs. S&P 500 Index

      0.69
    • Correlation vs. S&P 500 Index

      0.65
    • Volatility (Standard Deviation)

      12.95
    • Sharpe Ratio

      0.06

    Source: Van Eck Global, FactSet

    *Beta is a measure of sensitivity to market movements. Correlation measures the extent of linear association between the ETF performance and the index performance. Volatility is the annualized standard deviation of the ETF's monthly returns. Sharpe ratio measures risk-adjusted return, and represents the ETF's return less the risk free rate divided by the standard deviation. See S&P 500 Index definition.6

  • Sector Weightings (%)
    as of 03/31/14

    • Sector

      % of Net Assets
    • Government

      85.5
    • Utilities

      8.6
    • Financial

      3.5
    • Industrial

      1.8
    • Consumer, Non-cyclical

      0.1
    • Other

      0.5
    • Total

      100.0