• Ticker:- HYEM;true;EMHY;
  • Ticker Group:- ETFFI_IB;false;;
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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 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 05/06/15

    • 30-Day SEC Yield1

      7.77%
    • Total Net Assets

      $416.4M
    • Number of Holdings

      357
    • Options

      Expected
    • Gross Expense Ratio2

      0.53%
    • Net Expense Ratio/TER2

      0.40%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      05/29/2015
    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 05/06/15

    • 30-Day SEC Yield1

      7.77%
    • Distribution Yield1

      6.98%
    • 12-Month Yield1

      6.74%
     1 See Important Disclosure for definitions.
  • Fees & Expenses2

    • Management Fee

      0.40%
    • Other Expenses

      0.13%
    • Acquired Fund Fees and Expenses

      --
    • Gross Expense Ratio

      0.53%
    • Fee Waivers and
      Expense Reimbursement

      -0.13%
    • Net Expense Ratio/TER2

      0.40%
    2Expenses for HYEM are capped contractually at 0.40% until 09/01/15. 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

      17,200,000
    • Estimated Cash

      HYEMEU
    • Total Cash

      HYEMTC
    • CUSIP

      57061R403
    • ISIN

      US57061R4039
    5See IIV Details. Source: Bloomberg
  • Fundamentals4
    as of 05/05/15

    • Yield to Worst

      8.22%
    • Yield to Maturity

      8.40%
    • Effective Duration (yrs)

      3.91
    • Modified Duration (yrs)

      4.07
    • Years to Maturity

      5.32
    • Coupon

      6.90%
     4 See Important Disclosure for definitions.
  • Prices as of 05/06/15

    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 $24.49
    $24.42
    240,116
    363,119
    $0.06 / +0.24%
    $0.01 / +0.04%
    +7.8%
    +8.8%
    $-0.07
    -0.30%
  • 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) 0.94 3.11 3.11 -1.70 -- -- -- 3.96
    HYEM (Share Price) 1.47 3.85 3.85 -3.02 -- -- -- 3.77
    EMHY (Index) 1.25 3.10 3.10 -1.25 4.70 -- -- 4.57
    Performance Differential (NAV - Index) -0.31 0.01 0.01 -0.45 -- -- -- -0.61
    After Tax Held -- -- -- -4.35 -- -- -- 1.40
    After Tax Sold -- -- -- -0.92 -- -- -- 1.95
    Quarter End as of 03/31/15
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    05/08/12
    HYEM (NAV) 0.94 3.11 3.11 -1.70 -- -- -- 3.96
    HYEM (Share Price) 1.47 3.85 3.85 -3.02 -- -- -- 3.77
    EMHY (Index) 1.25 3.10 3.10 -1.25 4.70 -- -- 4.57
    Performance Differential (NAV - Index) -0.31 0.01 0.01 -0.45 -- -- -- -0.61
    After Tax Held -- -- -- -4.35 -- -- -- 1.40
    After Tax Sold -- -- -- -0.92 -- -- -- 1.95
  • View All Holdings »Top 10 Holdings (%)as of 03/31/15

    Total Holdings: 356
    Holding Name
    Coupon
    Maturity
    Composite
    Rating
    Country
    Currency
    % of Net
    Assets
    Petrobras International Finance Co - Pi
    5.375
    01/27/2021
    BBB
    Brazil
    USD
    2.21
    Petrobras Global Finance Bv
    4.375
    05/20/2023
    BBB
    Brazil
    USD
    1.66
    Petroleos De Venezuela Sa
    8.500
    11/02/2017
    B-
    Venezuela
    USD
    1.37
    Majapahit Holding Bv
    7.750
    01/20/2020
    BB+
    Indonesia
    USD
    1.15
    Vnesheconombank Via Veb Finance Plc
    6.902
    07/09/2020
    BB+
    Russian Federation
    USD
    1.06
    Petrobras Global Finance Bv
    6.250
    03/17/2024
    BBB
    Brazil
    USD
    0.96
    Petrobras Global Finance Bv
    7.875
    03/15/2019
    BBB
    Brazil
    USD
    0.93
    Vimpel Communications Via Vip Finance I
    9.125
    04/30/2018
    BB-
    Netherlands
    USD
    0.92
    Vtb Bank Ojsc Via Vtb Capital Sa
    6.875
    05/29/2018
    BB+
    Russian Federation
    USD
    0.87
    Eskom Holdings Ltd
    5.750
    01/26/2021
    BB+
    South Africa
    USD
    0.82
    Top 10 Total (%)11.95

    †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 03/31/15

    • Country

      % of Net Assets
    • BRAZIL

      13.3
    • RUSSIA

      12.0
    • CHINA

      7.6
    • MEXICO

      6.5
    • VENEZUELA

      5.7
    • SOUTH AFRICA

      4.8
    • INDONESIA

      3.9
    • TURKEY

      3.2
    • INDIA

      2.8
    • COLOMBIA

      2.7
    • ARGENTINA

      2.6
    • UNITED KINGDOM

      2.6
    • BERMUDA

      2.4
    • NETHERLANDS

      2.4
    • UAE

      1.8
    • LUXEMBOURG

      1.8
    • BAHAMAS

      1.6
    • SINGAPORE

      1.5
    • U.S.

      1.3
    • UKRAINE

      1.2
    • Other

      18.4
  • Currency Exposure (%)
    as of 03/31/15

    • U.S. Dollar

      98.64
    • Other

      1.36
  • Sector Weightings (%) as of 03/31/15

    • Sector

      % of Net Assets
    • Financial

      33.3
    • Energy

      19.1
    • Communications

      10.4
    • Basic Materials

      10.4
    • Utilities

      7.0
    • Industrial

      6.9
    • Consumer, Non-cyclical

      4.4
    • Consumer, Cyclical

      4.1
    • Government

      2.2
    • Diversified

      0.5
    • Technology

      0.4
    • Other

      1.4
  • Credit Quality (%)
    as of 03/31/15

    Composite % of Net Assets
    Investment Grade BBB 7.14
    Non-Investment Grade BB 55.04
    B 24.09
    CCC 5.47
    DD --
    Total Investment Grade 7.14
    Total Non-Investment Grade 84.59
    Not Rated 6.90
    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 03/31/15

    Average Portfolio Maturity: 5.32 Years