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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 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
    • Index Total Return Ticker

      EMHY
    • Index Provider

      BofA Merrill Lynch
    • Total Net Assets

      231534365.80000000
    • Shares Outstanding

      9,000,000
    • Number of Holdings

      247
    • Commencement Date

      05/08/2012
  •  
    as of 06/18/13

    • 30-Day SEC Yield1

      6.57%
    • Distribution Frequency

      Monthly
    • Gross Expense Ratio2

      0.69%
    • Net Expense Ratio2

      0.40%
    • Options

      Expected
    • Preliminary NAIC Designation10

      3
    • Management Team »
    • HYEM Fact Sheet »
    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 06/18/13

    • 30-Day SEC Yield1

      6.57%
    • Distribution Yield1

      6.12%
    • 12-Month Yield1

      6.71%
     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

      0.40%
    2Expenses for HYEM are capped contractually at 0.40% until 09/01/14. Cap excludes certain expenses, such as interest. 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

      9,000,000
    • Estimated Cash

      HYEMEU
    • Total Cash

      HYEMTC
    • CUSIP

      57061R403
    • ISIN

      US57061R4039
    5See IIV Details. Source: Bloomberg
  • Fundamentals4
    as of 04/14/14

    • Yield to Worst

      7.30%
    • Yield to Maturity

      7.55%
    • Effective Duration (yrs)

      4.10
    • Modified Duration (yrs)

      4.40
    • Years to Maturity

      6.17
    • Coupon

      7.40%
     4 See Important Disclosure for definitions.
  • Prices as of 04/15/14

    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 $25.63
    $25.73
    234,860
    36,096
    $-0.02 / -0.1%
    $-0.05 / -0.2%
    + 1.4%
    + 2.8%

    $0.10
    0.37%
  • 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) 0.76 2.52 2.52 0.94 -- -- -- 7.07
    HYEM (Share Price) 1.67 4.45 4.45 1.34 -- -- -- 7.53
    EMHY (Index) 0.88 1.73 1.73 1.05 6.82 -- -- 7.77
    Performance Differential (NAV - Index) -0.12 0.79 0.79 -0.11 -- -- -- -0.70
    After Tax Held -- -- -- -1.64 -- -- -- 4.58
    After Tax Sold -- -- -- 0.49 -- -- -- 4.35
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    05/08/12
    HYEM (NAV) 0.76 2.52 2.52 0.94 -- -- -- 7.07
    HYEM (Share Price) 1.67 4.45 4.45 1.34 -- -- -- 7.53
    EMHY (Index) 0.88 1.73 1.73 1.05 6.82 -- -- 7.77
    Performance Differential (NAV - Index) -0.12 0.79 0.79 -0.11 -- -- -- -0.70
    After Tax Held -- -- -- -1.64 -- -- -- 4.58
    After Tax Sold -- -- -- 0.49 -- -- -- 4.35
  • View All Holdings » Top 10 Holdings (%) as of 03/31/14

    Total Holdings: 350
    Holding Name
    Coupon
    Maturity
    Composite
    Rating
    Country
    Currency
    % of Net
    Assets
    Petroleos De Venezuela Sa
    5.375
    04/12/2027
    B
    Venezuela
    USD
    1.30
    Israel Electric Corp Ltd
    7.250
    01/15/2019
    BB+
    Israel
    USD
    1.22
    Cemex Sab De Cv
    6.500
    12/10/2019
    B+
    Mexico
    USD
    1.00
    Petroleos De Venezuela Sa
    5.250
    04/12/2017
    B
    Venezuela
    USD
    0.99
    Vedanta Resources Plc
    9.500
    07/18/2018
    BB-
    Bahamas
    USD
    0.95
    Petroleos De Venezuela Sa
    9.000
    11/17/2021
    B
    Venezuela
    USD
    0.92
    Petroleos De Venezuela Sa
    5.000
    10/28/2015
    NR
    Venezuela
    USD
    0.85
    Bbva Bancomer Sa/Texas
    7.250
    04/22/2020
    BB+
    Spain
    USD
    0.84
    Cemex Espana Luxembourg
    9.875
    04/30/2019
    B+
    Mexico
    USD
    0.84
    Perusahaan Listrik Negara Pt
    5.500
    11/22/2021
    BB+
    Indonesia
    USD
    0.83
    Top 10 Total (%) 9.74

    †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 03/31/14

    • Country

      % of Net Assets
    • CHINA

      11.8
    • BRAZIL

      7.7
    • MEXICO

      7.2
    • VENEZUELA

      7.1
    • RUSSIA

      6.8
    • INDONESIA

      5.2
    • UKRAINE

      3.4
    • LUXEMBOURG

      3.3
    • COLOMBIA

      3.2
    • BERMUDA

      3.1
    • UNITED KINGDOM

      3.0
    • TURKEY

      2.8
    • ISRAEL

      2.7
    • ARGENTINA

      2.7
    • SOUTH AFRICA

      2.4
    • SPAIN

      2.4
    • NETHERLANDS

      2.3
    • BAHAMAS

      2.0
    • UAE

      1.8
    • KAZAKHSTAN

      1.6
    • Other

      17.5
    • Total

      100.0
  • Currency Exposure (%)
    as of 03/31/14

    • U.S. Dollar

      97.56
    • Other

      2.44
    • Total

      100.00
  • Sector Weightings (%)
    as of 03/31/14

    • Sector

      % of Net Assets
    • Financial

      32.5
    • Energy

      14.7
    • Basic Materials

      12.2
    • Communications

      10.1
    • Utilities

      8.5
    • Industrial

      8.1
    • Consumer, Non-cyclical

      4.2
    • Consumer, Cyclical

      3.3
    • Government

      2.4
    • Technology

      0.4
    • Diversified

      0.4
    • Other

      3.2
    • Total

      100.0
  • Credit Quality (%)
    as of 03/31/14

    Composite % of Net Assets
    Investment Grade BBB 0.47
    Non-Investment Grade BB 54.57
    B 29.47
    CCC 5.90
    CC 0.40
    DD+ 0.02
    Total Investment Grade 0.47
    Total Non-Investment Grade 90.35
    Not rated 9.18
    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 03/31/14

    Average Portfolio Maturity: 6.19 Years