Split History
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VanEck ETF Trust - J. P. Morgan EM Local Currency Bond ETF (EMLC) has 1 split in our EMLC split history database. The split for EMLC took place on October 26, 2018. This was a 1 for 2 reverse split, meaning for each 2 shares of EMLC owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 500 share position following the split.
When a company such as VanEck ETF Trust - J. P. Morgan EM Local Currency Bond ETF conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the EMLC split history from start to finish, an original position size of 1000 shares would have turned into 500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into VanEck ETF Trust - J. P. Morgan EM Local Currency Bond ETF shares, starting with a $10,000 purchase of EMLC, presented on a split-history-adjusted basis factoring in the complete EMLC split history.
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Growth of $10,000.00 With Dividends Reinvested |
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| Start date: | 04/29/2014 | ||
| End date: | 04/25/2024 | ||
| Start price/share: | $47.26 | ||
| End price/share: | $23.78 | ||
| Starting shares: | 211.60 | ||
| Ending shares: | 366.80 | ||
| Dividends reinvested/share: | $18.23 | ||
| Total return: | -12.77% | ||
| Average Annual Total Return: | -1.36% | ||
| Starting investment: | $10,000.00 | ||
| Ending investment: | $8,720.61 | ||
| Years: | 10.00 | ||
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Growth of $10,000.00 Without Dividends Reinvested |
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| Start date: | 04/29/2014 | ||
| End date: | 04/25/2024 | ||
| Start price/share: | $47.26 | ||
| End price/share: | $23.78 | ||
| Dividends collected/share: | $18.23 | ||
| Total return: | -11.10% | ||
| Average Annual Total Return: | -1.17% | ||
| Starting investment: | $10,000.00 | ||
| Ending investment: | $8,890.00 | ||
| Years: | 10.00 | ||
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| About VanEck ETF Trust - J. P. Morgan EM Local Currency Bond ETF |
| Market Vectors Emerging Markets Local Currency Bond ETF is an open-end management investment company. The Fund seeks to replicate as closely as possible, the price and yield performance of the J.P. Morgan Government Bond Index - Emerging Markets Global Core. The Emerging Markets Index is comprised of bonds issued by emerging market governments and denominated in the local currency of the issuer. It may concentrate its investments in a particular industry or group of industries to the extent that the Emerging Markets Index concentrates in an industry or group of industries. As of Apr 30 2013, the Fund's total assets were $1,512,643,522 and its investment portfolio was $1,443,577,132. According to our EMLC split history records, VanEck ETF Trust - J. P. Morgan EM Local Currency Bond ETF has had 1 split. |
| EMLC Split History Table | |
| Date | Ratio |
| 10/26/2018 | 1 for 2 |
| Financials Stock Splits |
| EMLC is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:
EMO Split History Also explore: EMLC shares outstanding history
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