- Last Ratings Update:03/31/2016
- Price as of 03/31/2016 :$18.59
- Net Assets:$890.8 Million
- Peer Rank:206 of 260
- Investment Rating:D
We rate Market Vectors JP Morgan EM LC Bd at D. Negative factors that influence this rating include a short term portfolio management tenure. The fund may be considered for investors seeking a Global Income strategy.
POSITIVES AND RISKS
Total return ranks well below peers over the last three years. The Market Vectors JP Morgan EM LC Bd has returned an annual rate of -0.48% since inception. More recently, the fund has generated a total return of -2.65% in the last five years, -7.10% in the last three years, and -4.00% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 24% of them. It has also outpaced 19% of its competitors on a three year basis and 47% of them over the last year for the period ending 3/31/2016. On a year to date basis, EMLC has returned 9.71%.
Downside risk has been above average. EMLC has a draw down risk of -38.46%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 11.4%. This fund has had moderate volatility in its monthly performance over the last 36 months. As of 3/31/2016, the fund was trading at a price of $18.59, which is 0.4% below its 52-week high of $18.66 and 8.4% above its 52-week low of $17.15.
Low expense ratio helps performance. On total assets of $890.80 million, EMLC maintains a low expense ratio compared to its Global Income peers of just 0.47% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As EMLC is an exchange traded fund, it has no front end or back end load.
The Market Vectors JP Morgan EM LC Bd is managed by Francis G. Rodilosso at Van Eck Associates Corporation. This fund is one of 57 Van Eck Associates Corporation exchange-traded funds launched since 5/16/2006 that we track.
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