Market Vectors Emerging Markets Local Currency Bond ETF (the Fund) seeks to replicate as closely as possible, the price and yield performance of the J.P. Morgan GBI-EMG Core Index (the Index). The Index provides direct exposure to local currency bonds issued by emerging market governments. The Index tracks regularly traded, liquid, fixed-rate, domestic currency debt issues by emerging market governments. The Fund invests at least 80% of its total assets in securities that comprise the Index. The Fund may also utilize convertible securities and derivative instruments, such as swaps, options, warrants, futures contracts, currency forwards, structured notes and participation notes to seek performance that corresponds to the Index. Van Eck Associates Corporation acts as the adviser of the Fund.
Basic Details
Issuer Van Eck
Fund NameVanEck Vectors J.P. Morgan EM Local Currency Bond ETF
Tax ClassificationRegulated Investment Company
SymbolNYSEARCA:EMLC
Inception Date7/22/2010
Fund ManagerFrancis G. Rodilosso
Phone+1-888-6588287
Fund Focus
Asset ClassFixed Income
BenchmarkJPM GBI-EM Global Core TR USD
CategorySovereign
FocusBroad Sovereign
Development LevelEmerging Markets
RegionEmerging Markets
Fund Statistics
Assets Under Management$5.79 billion
Average Daily Volume$2.67 million
Discount/Premium0.05%
ETF Expenses
Management Fee0.35%
Other Expenses0.13%
Total Expenses0.48%
Fee Waiver-0.06%
Net Expenses0.42%
Administrator, Advisor and Custodian
AdministratorVan Eck Associates Corporation
AdvisorVan Eck Associates Corporation
CustodianThe Bank of New York Mellon Corporation
DistributorVan Eck Securities Corporation
Transfer AgentThe Bank of New York Mellon Corporation
Trustee
Lead Market MakerJane Street
Market Vectors Emerging Mkts Local ETF (NYSEARCA:EMLC) Frequently Asked Questions
What is Market Vectors Emerging Mkts Local ETF's stock symbol?
Market Vectors Emerging Mkts Local ETF trades on the New York Stock Exchange (NYSE)ARCA under the ticker symbol "EMLC."
How often does Market Vectors Emerging Mkts Local ETF pay dividends? What is the dividend yield for Market Vectors Emerging Mkts Local ETF?
Market Vectors Emerging Mkts Local ETF announced a monthly dividend on Monday, July 2nd. Shareholders of record on Tuesday, July 3rd will be given a dividend of $0.0887 per share on Monday, July 9th. This represents a $1.06 annualized dividend and a yield of 6.18%. The ex-dividend date is Monday, July 2nd. View Market Vectors Emerging Mkts Local ETF's Dividend History.
What is the consensus analysts' recommendation for Market Vectors Emerging Mkts Local ETF?
0 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Market Vectors Emerging Mkts Local ETF in the last year. There are currently for the stock, resulting in a consensus recommendation of "N/A."
Are investors shorting Market Vectors Emerging Mkts Local ETF?
Market Vectors Emerging Mkts Local ETF saw a decrease in short interest in the month of June. As of June 29th, there was short interest totalling 3,421,755 shares, a decrease of 43.6% from the June 15th total of 6,072,045 shares. Based on an average daily volume of 4,964,584 shares, the days-to-cover ratio is currently 0.7 days. View Market Vectors Emerging Mkts Local ETF's Current Options Chain.
Has Market Vectors Emerging Mkts Local ETF been receiving favorable news coverage?
Press coverage about EMLC stock has trended somewhat positive on Monday, according to Accern Sentiment. Accern ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Market Vectors Emerging Mkts Local ETF earned a news sentiment score of 0.09 on Accern's scale. They also gave news headlines about the company an impact score of 45.96 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the near term.
Who are Market Vectors Emerging Mkts Local ETF's major shareholders?
Market Vectors Emerging Mkts Local ETF's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Legacy Private Trust Co. (0.21%), PFS Investments Inc. (0.04%), Money Design Co. Ltd. (0.03%), First Citizens Bank & Trust Co. (0.02%), Atria Investments LLC (0.02%) and TRUE Private Wealth Advisors (0.01%). View Institutional Ownership Trends for Market Vectors Emerging Mkts Local ETF.
Which institutional investors are selling Market Vectors Emerging Mkts Local ETF stock?
Which institutional investors are buying Market Vectors Emerging Mkts Local ETF stock?
How do I buy shares of Market Vectors Emerging Mkts Local ETF?
Shares of EMLC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Market Vectors Emerging Mkts Local ETF's stock price today?
One share of EMLC stock can currently be purchased for approximately $17.22.
How can I contact Market Vectors Emerging Mkts Local ETF?
Market Vectors Emerging Mkts Local ETF's mailing address is 335 Madison Avenue 19th Floor, New York, 10017, United States. The company can be reached via phone at +1-888-6588287.
MarketBeat Community Rating for Market Vectors Emerging Mkts Local ETF (NYSEARCA EMLC)
MarketBeat's community ratings are surveys of what our community members think about Market Vectors Emerging Mkts Local ETF and other stocks. Vote "Outperform" if you believe EMLC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe EMLC will underperform the S&P 500 over the long term. You may vote once every thirty days.
