Individual Investors

Subscribe to email updates

Subscribe now

Financial Professionals

Subscribe to email updates, or password protected financial professional-only content
email address/username
password

EM High Yield Bond ETF HYEM

  • Full Name: Market Vectors®
    Emerging Markets High Yield Bond ETF (HYEM)

    Management Style: Sampling

    Underlying Index: The BofA Merrill Lynch High Yield US Emerging Markets Liquid Corporate Plus Index (EMHY)

    Index Provider: BofA Merrill Lynch

    Index Description: EMHY is comprised of U.S. dollar-denominated bonds issued by non-sovereign emerging markets issuers that are rated below investment grade and issued in the major domestic or eurobond markets.

  •  
      

    • Fund Ticker

      HYEM
    • Exchange

      NYSE Arca
    • Commencement

      05/08/2012
    • ETF Structure

      Physical
    • Administrator

      Van Eck Associates
    • Custodian

      Bank of New York Mellon
    • Index Ticker

      EMHY
    • Index Rebalancing

      Monthly
    • Preliminary NAIC
      Designation10

      3
  •  
    as of 08/29/14

    • 30-Day SEC Yield1

      6.49%
    • Total Net Assets

      $426.4M
    • Number of Holdings

      373
    • Options

      Expected
    • Gross Expense Ratio2

      0.53%
    • Net Expense Ratio/TER2

      0.40%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      09/30/2014
    1, 2, 10 See Important Disclosure
  • Key Points

    • Focuses Solely on Non-Sovereign Segment of the High Yield EM Bond Market 7 

    • HY EM Corporate Bonds Currently Have Higher Yields than HY EM Sovereign and HY U.S. Corporate Bonds8 

    • HY EM Corporate Bonds Historically Have Had Lower Default Rates than HY U.S. Corporate Bonds 
  • Yields
    as of 08/29/14

    • 30-Day SEC Yield1

      6.49%
    • Distribution Yield1

      6.46%
    • 12-Month Yield1

      5.90%
     1 See Important Disclosure for definitions.
  • Fees & Expenses2

    • Management Fee

      0.40%
    • Other Expenses

      0.29%
    • Acquired Fund Fees and Expenses

      --
    • Gross Expense Ratio

      0.69%
    • Fee Waivers and
      Expense Reimbursement

      -0.29%
    • Net Expense Ratio/TER2

      0.40%
    2Expenses for HYEM are capped contractually at 0.40% until 09/01/14. Cap excludes certain expenses, such as interest. TER, or Total Expense Ratio, is also referred to as "Net Expense Ratio". See Important Disclosure for more information.
  • Trading Information

    • Fund Ticker

      HYEM
    • Index Total Return Ticker

      EMHY
    • NAV

      HYEMNV
    • Intraday NAV (IIV)5

      HYEMIV
    • Shares Outstanding

      16,400,000
    • Estimated Cash

      HYEMEU
    • Total Cash

      HYEMTC
    • CUSIP

      57061R403
    • ISIN

      US57061R4039
    5See IIV Details. Source: Bloomberg
  • Fundamentals4
    as of 08/27/14

    • Yield to Worst

      7.02%
    • Yield to Maturity

      7.31%
    • Effective Duration (yrs)

      3.91
    • Modified Duration (yrs)

      4.28
    • Years to Maturity

      5.94
    • Coupon

      7.30%
     4 See Important Disclosure for definitions.
  • Prices as of 08/29/2014

    TickerNAV/
    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
    HYEM $26.00
    $26.03
    106,632
    74,723
    $-0.04 / -0.16%
    $0.06 / +0.23%
    + 5.3%
    + 6.5%

    $0.03
    0.12%
  • 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
    05/08/12
    HYEM (NAV) -0.39 3.52 7.22 9.29 -- -- -- 8.13
    HYEM (Share Price) -0.70 2.61 7.92 9.79 -- -- -- 7.94
    EMHY (Index) -0.35 4.09 7.33 10.44 7.51 -- -- 8.97
    Performance Differential (NAV - Index) -0.04 -0.57 -0.11 -1.15 -- -- -- -0.84
    After Tax Held -- -- -- 6.50 -- -- -- 5.59
    After Tax Sold -- -- -- 5.17 -- -- -- 5.11
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    05/08/12
    HYEM (NAV) 1.30 4.99 7.64 11.54 -- -- -- 8.67
    HYEM (Share Price) 0.76 4.05 8.68 11.46 -- -- -- 8.62
    EMHY (Index) 1.63 5.46 7.71 12.07 8.23 -- -- 9.52
    Performance Differential (NAV - Index) -0.33 -0.47 -0.07 -0.53 -- -- -- -0.85
    After Tax Held -- -- -- 8.68 -- -- -- 6.12
    After Tax Sold -- -- -- 6.42 -- -- -- 5.51
  • View All Holdings »Top 10 Holdings (%)as of 07/31/14

    Total Holdings: 373
    Holding Name
    Coupon
    Maturity
    Composite
    Rating
    Country
    Currency
    % of Net
    Assets
    Petroleos De Venezuela Sa
    8.500
    11/02/2017
    B-
    Venezuela
    USD
    1.35
    Petroleos De Venezuela Sa
    5.375
    04/12/2027
    B-
    Venezuela
    USD
    1.17
    Majapahit Holding Bv
    7.750
    01/20/2020
    BB+
    Indonesia
    USD
    1.04
    Israel Electric Corp Ltd
    7.250
    01/15/2019
    BB+
    Israel
    USD
    1.00
    Vimpel Communications Via Vip Finance I
    9.125
    04/30/2018
    BB-
    Netherlands
    USD
    0.94
    Petroleos De Venezuela Sa
    9.000
    11/17/2021
    B-
    Venezuela
    USD
    0.93
    Cemex Sab De Cv
    6.500
    12/10/2019
    B+
    Mexico
    USD
    0.89
    Banco Do Brasil Sa/Cayman
    6.250
    12/29/2049
    NR
    Brazil
    USD
    0.89
    Petroleos De Venezuela Sa
    5.500
    04/12/2037
    B-
    Venezuela
    USD
    0.86
    Vedanta Resources Plc
    9.500
    07/18/2018
    BB-
    Bahamas
    USD
    0.82
    Top 10 Total (%)9.89

    †See Country of Risk disclosure. These are not recommendations to buy or to sell any security. Securities and holdings may vary. 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. These are not recommendations to buy or to sell any security. Securities and holdings may vary.

  • Country Weightings (%)
    as of 07/31/14

    • Country

      % of Net Assets
    • CHINA

      10.9
    • BRAZIL

      8.1
    • VENEZUELA

      7.5
    • MEXICO

      7.0
    • RUSSIA

      6.9
    • INDONESIA

      4.7
    • UKRAINE

      3.3
    • COLOMBIA

      3.2
    • UNITED KINGDOM

      3.2
    • TURKEY

      3.1
    • BERMUDA

      3.1
    • LUXEMBOURG

      3.0
    • ARGENTINA

      2.8
    • NETHERLANDS

      2.7
    • SOUTH AFRICA

      2.6
    • ISRAEL

      2.1
    • UAE

      2.1
    • BAHAMAS

      2.0
    • SPAIN

      1.9
    • U.S.

      1.6
    • Other

      18.2
  • Currency Exposure (%)
    as of 07/31/14

    • U.S. Dollar

      99.37
    • Other

      0.63
    • Total

      100.00
  • Sector Weightings (%)
    as of 07/31/14

    • Sector

      % of Net Assets
    • Financial

      34.5
    • Energy

      15.3
    • Basic Materials

      11.7
    • Communications

      9.9
    • Industrial

      8.2
    • Utilities

      7.7
    • Consumer, Non-cyclical

      4.9
    • Consumer, Cyclical

      3.9
    • Government

      2.4
    • Diversified

      0.4
    • Technology

      0.4
    • Other

      0.6
  • Credit Quality (%)
    as of 07/31/14

    Composite % of Net Assets
    Investment Grade BBB 0.22
    Non-Investment Grade BB 53.80
    B 29.56
    CCC 7.74
    CC 0.24
    DD+ --
    Total Investment Grade 0.22
    Total Non-Investment Grade 91.35
    Not rated 8.43
    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.
  • Maturity (%) as of 07/31/14

    Average Portfolio Maturity: 5.64 Years