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HYD Market Vectors High-Yield Municipal Index ETF

  • Fund Description

    The Market Vectors® High-Yield Municipal Index ETF (HYD®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Barclays Municipal Custom High Yield Composite Index (LMEHTR), which is intended to track the overall performance of the U.S. dollar denominated high yield long-term tax-exempt bond market. HYD is expected to pay monthly dividends. 

  •  
      

    • Fund Ticker

      HYD
    • Exchange

      NYSE Arca
    • Commencement

      02/04/2009
    • ETF Structure

      Physical
    • Administrator

      Van Eck Associates
    • Custodian

      Bank of New York Mellon
    • Index Ticker

      LMEHTR
    • Index Rebalancing

      Monthly
    • Preliminary NAIC
      Designation7

      4
  •  
    as of 02/05/16

    • 30-Day SEC Yield1

      4.31%
    • Total Net Assets

      $1.9B
    • Number of Holdings

      1326
    • Options

      Available
    • Gross Expense Ratio2

      0.35%
    • Net Expense Ratio/TER2

      0.35%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      02/29/2016

    1, 2, 7 See Important Disclosure

  • Morningstar™ Ratings3
    as of 12/31/15

    Category Overall 3 Year 5 Year
    High Yield Muni
        
    4 stars of 158 Funds
       
    3 stars of 158 Funds
        
    4 stars of 149 Funds
  • Key Points

    • High-Yield Muni Focus
      Underlying Index comprised of highest-yielding municipal bonds with income generally exempt from federal taxes

    • Enhanced Liquidity Feature
      Index includes 25% BBB investment-grade exposure for enhanced liquidity

    • Diverse Sector Exposure and Low Default Rates
      Index covers wide range of muni sectors and securities with historically low default rates
  • Yields
    as of 02/05/16

    • 30-Day SEC Yield1

      4.31%
    • Distribution Yield1

      4.47%
    • 12-Month Yield1

      4.75%
    • Taxable Equivalent 30-Day SEC Yields1a

      --
    • 15% Federal Tax Rate

      5.07%
    • 25% Federal Tax Rate

      5.74%
    • 28% Federal Tax Rate

      5.98%
    • 33% Federal Tax Rate

      6.43%
    • 39.6% Federal Tax Rate

      7.13%
     1/1a See Important Disclosure for definitions.
  • Fees and Expenses2

    • Management Fee

      0.35%
    • Other Expenses

      0.00%
    • Acquired Fund Fees and Expenses

      --
    • Gross Expense Ratio

      0.35%
    • Fee Waivers and
      Expense Reimbursement

      --
    • Net Expense Ratio/TER2

      0.35%
    2 The investment management agreement between Market Vectors ETF Trust (the "Trust") and Van Eck Associates Corporation (the "Adviser") provides that the Adviser will pay all expenses of the Fund, except for the fee payment under the investment management agreement, interest expense, offering costs, trading expenses, taxes and extraordinary expenses.
  • Trading Information

    • Fund Ticker

      HYD
    • Index Total Return Ticker

      LMEHTR
    • NAV

      HYDNV
    • Intraday NAV (IIV)5

      HYDIV
    • Shares Outstanding

      60,500,000
    • Estimated Cash

      HYDEU
    • Total Cash

      HYDTC
    • CUSIP

      57060U878
    • ISIN

      US57060U8788
    5See IIV Details. Source: Bloomberg
  • Fundamentals4
    as of 02/05/16

    • Yield to Worst

      4.78%
    • Yield to Maturity

      5.34%
    • Effective Duration (yrs)

      10.00
    • Duration to Worst (yrs)

      6.80
    • Modified Duration (yrs)

      9.33
    • Spread Duration (yrs)

      6.69
    • Years to Maturity

      20.70
    • Coupon

      5.33%
    • AMT

      9.62%
     4 See Important Disclosure for definitions.
  • Prices as of 02/05/16

    NAV/
    Last Price
    Volume
    30-Day Avg./
    Last Trading Day
    Daily Change
    NAV/
    Last Price
    YTD Change
    NAV/
    Last Price
    Premium/
    Discount
    Prem/Discount
    Distribution Charts
    NAV &
    Prem/Discount
    History
    NAV
    Chart
    HYD $31.06
    $31.14
    658,578
    306,552
    $0.01 / +0.39%
    $0.09 / +0.66%
    +1.7%
    +1.6%
    $0.08
    0.26%
  • View All Indices » View All ETFs » Performance History: Average Annual Total Returns* (%)

    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    02/04/09
    HYD (NAV) 0.29 1.75 4.88 4.88 3.13 7.15 -- 8.80
    HYD (Share Price) 0.75 2.18 5.13 5.13 3.31 7.43 -- 8.84
    LMEHTR (Index) 0.71 2.65 6.07 6.07 4.77 8.03 -- 10.16
    Performance Differential (NAV - Index) -0.42 -0.90 -1.19 -1.19 -1.64 -0.88 -- -1.36
    After Tax Held 0.29 1.75 4.88 4.88 3.09 7.08 -- 8.74
    After Tax Sold 0.34 1.51 4.93 4.93 3.56 6.81 -- 8.27
    Quarter End as of 12/31/15
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    02/04/09
    HYD (NAV) 0.29 1.75 4.88 4.88 3.13 7.15 -- 8.80
    HYD (Share Price) 0.75 2.18 5.13 5.13 3.31 7.43 -- 8.84
    LMEHTR (Index) 0.71 2.65 6.07 6.07 4.77 8.03 -- 10.16
    Performance Differential (NAV - Index) -0.42 -0.90 -1.19 -1.19 -1.64 -0.88 -- -1.36
    After Tax Held 0.29 1.75 4.88 4.88 3.09 7.08 -- 8.74
    After Tax Sold 0.34 1.51 4.93 4.93 3.56 6.81 -- 8.27
  • Daily Holdings »Top 10 Holdings (%)as of 12/31/15

    Total Holdings: 1273
    Issuer Name
    State Weighting (%)
    Golden St Tob Securitization Corp Calif Tob Settlement
    CA
    3.51
    Buckeye Ohio Tob Settlement Fing Auth
    OH
    3.40
    Tobacco Settlement Fing Corp N J
    NJ
    2.40
    Chicago Ill
    IL
    2.10
    Illinois Fin Auth Rev For Issues Dtd Prior To 09/27/07
    IL
    1.57
    New York Liberty Dev Corp Liberty Rev
    NY
    1.53
    Iowa Fin Auth Midwestern Disaster Area Rev
    IA
    1.22
    California Cnty Calif Tob Securitization Agy Tobsettlem
    CA
    1.18
    Houston Tex Arpt Sys Rev
    TX
    1.18
    Chicago Ill Brd Ed For Issues Dtd Prior To 09/05/07 See
    IL
    1.14
    Top 10 Total (%)19.23

    These are not recommendations to buy or to sell any security. Securities and holdings may vary.

  • Geographical Weightings (%) as of 12/31/15

    • State

      % of Net Assets
    • California

      11.6
    • New York

      9.1
    • Illinois

      7.7
    • Texas

      7.7
    • New Jersey

      6.3
    • Ohio

      5.6
    • Pennsylvania

      5.4
    • Florida

      4.7
    • Indiana

      3.0
    • Louisiana

      2.7
    • Iowa

      2.6
    • Michigan

      2.5
    • Puerto Rico

      2.4
    • Arizona

      2.4
    • Virginia

      2.3
    • Maryland

      1.9
    • District of Columbia

      1.7
    • Colorado

      1.5
    • Kentucky

      1.4
    • Alabama

      1.3
    • Other

      16.3
  • Currency Exposure (%)
    as of 12/31/15

    • U.S. Dollar

      99.53
    • Other/Cash

      0.47
  • Sector Weightings (%) as of 12/31/15

    • Sector

      % of Net Assets
    • Industrial Revenue

      39.3
    • Health Care

      27.1
    • Education

      8.7
    • Transportation

      7.6
    • Special Tax

      6.4
    • Local

      4.1
    • Water & Sewer

      2.1
    • Power

      1.9
    • Leasing

      1.4
    • State

      0.8
    • Housing

      0.3
    • Solid Waste/Res Recovery

      0.2
    • Healthcare Facilities

      0.0
  • Credit Quality (%)
    as of 12/31/15

    Composite % of Net Assets
    Investment Grade A 0.01
    BBB 31.65
    Non-Investment Grade BB 21.36
    B 20.12
    CCC 4.25
    D 0.12
    Total Investment Grade -- 31.66
    Total Non-Investment Grade -- 45.85
    Not Rated -- 22.49
    Barclays Composite Rating: A blend of a security's Moody's, S&P, and Fitch ratings. If all three agencies rate the security, the middle rating is taken. If only two agencies rate a security, the lower rating is taken. If only one agency rates a security, that rating is used. Not rated indicates that a security is rated by fewer than one of the three rating agencies. This composite is not intended to be a credit opinion.
  • Maturity (%) as of 12/31/15

    Average Portfolio Maturity: 20.83 Years