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HYEM Market Vectors EM High Yield Bond ETF

  • Fund Description

    The Market Vectors® EM High Yield Bond ETF (HYEM®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the BofA Merrill Lynch Diversified High Yield US Emerging Markets Corporate Plus Index (EMLH), which is comprised of U.S. dollar denominated bonds issued by non-sovereign emerging market issuers that are rated below investment grade and that are issued in the major domestic and 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

      EMLH
    • Index Rebalancing

      Monthly
    • Preliminary NAIC
      Designation10

      3
  •  
    as of 02/10/16

    • 30-Day SEC Yield1

      10.39%
    • Total Net Assets

      $230.7M
    • Number of Holdings

      341
    • Options

      Expected
    • Gross Expense Ratio2

      0.47%
    • Net Expense Ratio/TER2

      0.40%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      02/29/2016
    1, 2, 10 See Important Disclosure
  • Morningstar™ Ratings3
    as of 12/31/2015

    Category Overall 3 Year 5 Year
    Emerging Markets Bond
         
    5 of 262 Funds
         
    5 of 262 Funds
    --
  • 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 
  • Yield
    as of 02/10/16

    • 30-Day SEC Yield1

      10.39%
    • Distribution Yield1

      7.46%
    • 12-Month Yield1

      7.74%
     1 See Important Disclosure for definitions.
  • Fees and Expenses2

    • Management Fee

      0.40%
    • Other Expenses

      0.07%
    • Acquired Fund Fees and Expenses

      --
    • Gross Expense Ratio

      0.47%
    • Fee Waivers and
      Expense Reimbursement

      -0.07%
    • Net Expense Ratio/TER2

      0.40%
    2Expenses for HYEM are capped contractually at 0.40% until 09/01/16. Cap excludes certain expenses, such as interest.
  • Trading Information

    • Fund Ticker

      HYEM
    • Index Total Return Ticker

      EMLH
    • NAV

      HYEMNV
    • Intraday NAV (IIV)5

      HYEMIV
    • Shares Outstanding

      10,600,000
    • Estimated Cash

      HYEMEU
    • Total Cash

      HYEMTC
    • CUSIP

      57061R403
    • ISIN

      US57061R4039
    5See IIV Details. Source: Bloomberg
  • Fundamentals4
    as of 02/09/16

    • Yield to Worst

      10.84%
    • Yield to Maturity

      10.90%
    • Effective Duration (yrs)

      3.57
    • Years to Maturity

      5.01
    • Modified Duration (yrs)

      3.71
    • Coupon

      6.76%
     4 See Important Disclosure for definitions.
  • Prices as of 02/10/16

    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
    HYEM $21.77
    $21.64
    237,047
    203,343
    $-0.02 / -0.10%
    $0.01 / +0.05%
    -1.0%
    -0.9%
    $-0.13
    -0.59%
  • 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) -0.73 -3.91 -0.73 3.28 -0.45 -- -- 2.79
    HYEM (Share Price) -0.15 -2.98 -0.15 4.28 -0.85 -- -- 2.77
    EMLH (Index)** -1.46 -3.88 -1.46 -- -- -- -- 3.44
    Performance Differential (NAV - Index) 0.73 -0.03 0.73 -- -- -- -- -0.65
    After Tax Held -1.02 -4.69 -1.02 0.11 -3.19 -- -- 0.12
    After Tax Sold -0.41 -2.20 -0.41 1.91 -1.52 -- -- 1.01
    Quarter End as of 12/31/15
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    05/08/12**
    HYEM (NAV) -3.25 0.61 2.88 2.88 0.29 -- -- 3.07
    HYEM (Share Price) -3.52 -0.06 3.48 3.48 -0.21 -- -- 2.88
    EMLH (Index)** -2.66 1.36 -- -- -- -- -- 3.94
    Performance Differential (NAV - Index) -0.59 -0.75 -- -- -- -- -- -0.87
    After Tax Held -3.49 -0.18 -0.26 -0.26 -2.44 -- -- 0.41
    After Tax Sold -1.84 0.36 1.67 1.67 -0.97 -- -- 1.22
  • Daily Holdings »Top 10 Holdings (%)as of 01/31/16

    Total Holdings: 341
    Holding Name
    Coupon
    Maturity
    Composite
    Rating
    Country
    Currency
    % of Net
    Assets
    Itau Unibanco Holding Sa/Cayman Island
    5.125
    05/13/2023
    BB
    Brazil
    USD
    0.97
    Vnesheconombank Via Veb Finance Plc
    6.902
    07/09/2020
    BB+
    Russian Federation
    USD
    0.91
    Digicel Ltd
    6.000
    04/15/2021
    B
    Jamaica
    USD
    0.89
    State Oil Co Of The Azerbaijan Republic
    4.750
    03/13/2023
    BB+
    Azerbaijan
    USD
    0.89
    Majapahit Holding Bv
    8.000
    08/07/2019
    BB+
    Indonesia
    USD
    0.86
    Turkiye Is Bankasi
    6.000
    10/24/2022
    BB
    Turkey
    USD
    0.83
    Majapahit Holding Bv
    7.750
    01/20/2020
    BB+
    Indonesia
    USD
    0.82
    Agile Property Holdings Ltd
    8.875
    04/28/2017
    B+
    Hong Kong
    USD
    0.77
    Shimao Property Holdings Ltd
    8.375
    02/10/2022
    BB
    Hong Kong
    USD
    0.75
    Ypf Sa
    8.750
    04/04/2024
    CCC
    Argentina
    USD
    0.74
    Top 10 Total (%)8.43

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

  • Country Weightings (%) as of 01/31/16

    • Country

      % of Net Assets
    • CHINA

      11.03
    • BRAZIL

      9.45
    • RUSSIA

      7.93
    • MEXICO

      7.29
    • ARGENTINA

      4.99
    • INDONESIA

      4.67
    • SOUTH AFRICA

      4.10
    • TURKEY

      3.78
    • UNITED KINGDOM

      3.06
    • VENEZUELA

      3.05
    • INDIA

      2.96
    • JAMAICA

      2.54
    • UKRAINE

      1.93
    • UAE

      1.70
    • UNITED STATES

      1.66
    • PERU

      1.66
    • SPAIN

      1.65
    • LUXEMBOURG

      1.51
    • BAHAMAS

      1.41
    • NIGERIA

      1.35
    • Other/Cash

      22.26
  • Currency Exposure (%)
    as of 01/31/16

    • U.S. Dollar

      98.78
    • Other/Cash

      1.22
  • Sector Weightings (%) as of 01/31/16

    • Sector

      % of Net Assets
    • Financial

      37.8
    • Energy

      14.9
    • Communications

      8.7
    • Utilities

      7.9
    • Basic Materials

      7.5
    • Industrial

      7.1
    • Consumer, Cyclical

      5.7
    • Consumer, Non-cyclical

      4.0
    • Government

      4.0
    • Diversified

      0.7
    • Technology

      0.4
    • Other/Cash

      1.2
  • Credit Quality (%)
    as of 01/31/16

    Composite % of Net Assets
    Investment Grade BBB 0.22
    Non-Investment Grade BB 57.12
    B 24.29
    CCC 10.32
    CC 0.02
    C 0.45
    DD 0.12
    Total Investment Grade -- 0.22
    Total Non-Investment Grade -- 92.31
    Not Rated -- 6.23
    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 01/31/16

    Average Portfolio Maturity: 5.02 Years