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

  •  
    HYEM Icon Final
    The Market Vectors® Emerging Markets 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 High Yield US Emerging Markets Liquid Corporate Plus Index (EMHY), which 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.

    PDF TinyInvestment Case: HY EM Corporate Bonds 
  • Ticker:- HYEM;true;EMHY;
  • Detalles

     

    Fondo

    Al December 19, 2014

    Símbolo del fondo
    HYEM
    ISIN
    US57061R4039
    NAV intradiario (IIV)
    HYEMIV
    Símbolo del índice
    EMHY
    Bolsa
    NYSE Arca
    Fecha de inicio
    05/08/2012
    Relación de gastos brutos*
    0.53%
    Relación de gastos netos*
    0.40%
    Number Of Holdings
    382
    52 Weeks High/Low NAV
    26.46/24.76


    Activos bajo gestión
    $399.4M
    Rendimiento promedio en el peor escenario
    10.72
    Rendimiento promedio al vencimiento
    10.75
    Avg Effective Duration
    3.88
    Duración promedio modificada
    4.02
    Promedio de años hasta el vencimiento
    5.42
    Cupón promedio
    7.15
    Opciones
    Expected
    * Por contrato, se ha fijado un tope para los gastos hasta el 09/01/2015. El tope excluye determinados gastos, tales como los intereses.
    Índice

    Al December 17, 2014
    Símbolo del índice
    EMHY
    Fecha de lanzamiento
    02/04/2011
    Rendimiento promedio en el peor escenario
    11.09
    Rendimiento promedio al vencimiento
    11.09
    Avg Effective Duration
    3.94
    Duración promedio modificada
    4.04
    Promedio de años hasta el vencimiento
    5.49
    Cupón promedio
    7.08
    Number of Constituents
    430
    Valor de mercado
    $ 248.95 B
  • Cotización de los fondos

     

    Al 19 de dic de 2014
    SÍMBOLONAV/
    Último precio
    VolumenVariación diaria NAV/
    Último precio
    Variación NAV desde principios de año/
    Último precio
    Prima/
    descuento
    Distribución prima/
    descuento
    Historial de precios
    NAV

    Prima
    Descuento
    gasto*
    bruto/neto
    Emerging Markets High Yield Bond ETFHYEM $23.22
    $23.00
    135,128
    $0.26
    +1.1%

    $0.25
    +1.1%
    - 5.2%
    - 5.1%

    $-0.22
    -0.95%
    Chart Export 0.53/0.40
  • 10 valores principales

     

    Al December 19, 2014 | TOTAL HOLDINGS: 382
    Tenencia
    Cupón
    Vencimiento
    Composite Rating
    % del activo neto
    Country
    Currency
    Plnij 7 3/4 01/20/20
    7.750
    01/20/2020
    BB+
    1.22%
    Indonesia
    USD
    Petroleos De Venezuela Sa
    8.500
    11/02/2017
    B-
    0.97%
    Venezuela
    USD
    Npnsj 6 07/18/20
    6.000
    07/18/2020
    BB+
    0.90%
    South Africa
    USD
    Eskom Holdings Ltd
    5.750
    01/26/2021
    BB+
    0.85%
    South Africa
    USD
    Vimpel Communications Via Vip Finance I
    9.125
    04/30/2018
    BB-
    0.85%
    Netherlands
    USD
    Lbtya 6 7/8 01/15/24
    6.875
    01/15/2024
    B+
    0.82%
    United Kingdom
    USD
    Vedln 9 1/2 07/18/18
    9.500
    07/18/2018
    BB-
    0.81%
    Bahamas
    USD
    Petroleos De Venezuela Sa
    6.000
    05/16/2024
    B-
    0.78%
    Venezuela
    USD
    Banco Do Brasil Sa/Cayman
    8.500
    10/29/2049
    NR
    0.77%
    Brazil
    USD
    Petroleos De Venezuela Sa
    5.375
    04/12/2027
    B-
    0.77%
    Venezuela
    USD
    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.
    HOLDINGS % OF NET ASSETS
    ■   Plnij 7 3/4 01/20/20 1.22
    ■   Petroleos De Venezuela Sa 0.97
    ■   Npnsj 6 07/18/20 0.90
    ■   Eskom Holdings Ltd 0.85
    ■   Vimpel Communications Via Vip Finance I 0.85
    ■   Lbtya 6 7/8 01/15/24 0.82
    ■   Vedln 9 1/2 07/18/18 0.81
    ■   Petroleos De Venezuela Sa 0.78
    ■   Banco Do Brasil Sa/Cayman 0.77
    ■   Petroleos De Venezuela Sa 0.77
    Total 8.74
    Al December 18, 2014 |TODOS LOS COMPONENTES: 431
    Tenencia
    Cupón
    Vencimiento
    Ponderación
    PDVSA 8.5 11/02/17 144A PDVSA
    8.500
    11/02/2017
    1.49%
    DIGICEL GROUP LTD DLLTD
    8.250
    09/30/2020
    0.95%
    ESKOM HOLDINGS SOC LTD
    0.000
    01/01/1900
    0.86%
    PETROLEOS DE VENEZUELA S
    0.000
    01/01/1900
    0.79%
    CEMEX FINANCE LLC CEMEX
    9.375
    10/12/2022
    0.76%
    PDVSA 12.75 02/17/22 144A PDVSA
    12.750
    02/17/2022
    0.71%
    VTR FINANCE BV
    6.875
    01/15/2024
    0.71%
    PLNIJ 7.75 01/20/20 144A PLNIJ
    7.750
    01/20/2020
    0.71%
    BANCOLOMBIA SA BANCOL
    5.125
    09/11/2022
    0.69%
    PETROLEOS DE VENEZUELA S
    6.000
    11/15/2026
    0.68%
    HOLDINGS % OF NET ASSETS
    ■   Petroleos De Venezuela S 1.49
    ■   Digicel Group Ltd 0.95
    ■   Eskom Holdings Soc Ltd 0.86
    ■   Petroleos De Venezuela S 0.79
    ■   Cemex Finance Llc 0.76
    ■   Petroleos De Venezuela S 0.71
    ■   Vtr Finance Bv 0.71
    ■   Majapahit Holding Bv 0.71
    ■   Bancolombia Sa 0.69
    ■   Petroleos De Venezuela S 0.68
    Total 8.35
  • Rendimiento SEC a 30 meses1

     

    Al December 19, 2014
    Rendimiento SEC a 30 meses1
    9.30%
  • Rendimiento de la distribución 2

     

    Al December 19, 2014
    Rendimiento de la distribución 2
    6.61%
  • Historial de rendimiento (%)

    Al 30 de nov de 2014
    1 MES3 MESESDESDE PRINCIPIOS DE AÑO1 AÑO3 AÑOS†5 AÑOS†10 AÑOS†POR LA VIDA*
    ÍNDICE
    HYEM
    -2.08-3.243.584.519.32n/cn/c6.27
    FONDO/NAV-1.91-3.053.753.94n/cn/cn/c5.67
    FONDO/Precio de la acción-1.99-3.354.583.49n/cn/cn/c5.57
    Rendimiento total después de impuestos, sin ventan/cn/cn/c1.25n/cn/cn/c3.14
    Rendimiento total después de impuestos, con ventan/cn/cn/c2.23n/cn/cn/c3.26
    Al 30 de sep de 2014
    1 MES3 MESESDESDE PRINCIPIOS DE AÑO1 AÑO3 AÑOS†5 AÑOS†10 AÑOS†POR LA VIDA*
    ÍNDICE
    HYEM
    -1.61-2.225.328.0311.96n/cn/c7.47
    FONDO/NAV-1.58-2.155.327.19n/cn/cn/c6.75
    FONDO/Precio de la acción-1.46-1.896.637.57n/cn/cn/c6.83
    Rendimiento total después de impuestos, sin ventan/cn/cn/c4.42n/cn/cn/c4.21
    Rendimiento total después de impuestos, con ventan/cn/cn/c4.03n/cn/cn/c4.06
    *Fecha de inicio: 08/05/2012
    †Anualizado
    The performance quoted represents past performance. Past performance is no guarantee of future results. Performance information for the Market Vectors ETFs reflects temporary waivers of expenses and/or fees. Had the Market Vectors ETFs incurred all expenses, investment returns would have been reduced. The investment return and value of shares of Market Vectors ETFs will fluctuate so that an investor's shares, when sold, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted. Fund returns assume that dividends and capital gains distributions have been reinvested in the Fund at NAV.

    The "Net Asset Value" (NAV) of a Market Vectors Exchange Traded Fund (ETF) is determined at the close of each business day, and represents the dollar value of one share of the fund; it is calculated by taking the total assets of the fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV is not necessarily the same as the ETF 's intraday trading value. Market Vectors ETF investors should not expect to buy or sell shares at NAV.

    "After Tax Held" represents total return after taxes on distributions and assumes shares have not been sold. "After Tax Sold" represents total return after taxes on distributions and the sale of Fund shares. After-tax returns reflect the highest federal income tax rate but exclude state and local taxes. After-tax returns are based on NAV and provided for periods of one year and longer.
  • Distribution Schedule

     

    Anticipated Dividend Frequency Monthly
    Capital Gains Annually
  • Key Features

     

    First EM corporate high-yield bond ETF
    First ETF to focus solely on the corporate segment of the USD-denominated EM high-yield bond market – a market segment that has grown by 265% since 2003 and now accounts for over 10% of the global high-yield corporate bond market.3 
    Currently higher yields than EM sovereign and U.S. corporate bonds
    USD-denominated EM high-yield corporate bonds currently generate higher yields than both USD-denominated EM sovereign bonds and U.S. high-yield corporate bonds.3 
    Historically lower default rates than U.S. corporate bonds
    EM high-yield corporate bonds historically have experienced lower default rates than U.S. high-yield corporate bonds.4

      

    The BofA Merrill Lynch High Yield US Emerging Markets Liquid Corporate Plus Index (EMHY)
    The Index 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. In order to qualify for inclusion in the Index, an issuer must have risk exposure to countries other than members of the FX G105, all Western European countries and territories of the U.S. and Western European countries. 
    Index Weighting
    Index constituents are capitalization-weighted based on their current amount outstanding times the market price plus accrued interest, subject to a 10% country of risk cap and a 2% issuer cap. Countries and issuers that exceed the limits are reduced to 10% and 2%, respectively, and the face value of each of their bonds is adjusted on a pro-rata basis. Similarly, the face values of bonds of all other countries and issuers that fall below their respective caps are increased on a pro-rata basis. In the event there are fewer than 10 countries in the Index, or fewer than 50 issuers, each is equally weighted and the face values of their respective bonds are increased or decreased on a pro-rata basis.
    Index Provider
  • Associated Risks

     

    High Yield Securities Risk

    High yield securities are subject to greater risk of loss of income and principal than higher rated securities. Their prices are likely to be more sensitive to adverse economic changes or individual issuer developments than higher rated securities. The secondary market for such securities may be less liquid than the markets for higher quality securities and may have an adverse effect on their market prices. 

    Fixed Income Securities Risk

    Fixed income securities will fluctuate in value as interest rates change. When the general level of interest rates goes up, the prices of most fixed income securities go down. Additionally, fixed income securities are subject to credit risk in the event that an issuer of a security is unable and/or unwilling to make timely interest payments and/or repay the principal on its debt. 

    Risk of Investing in Foreign Securities

    Investments in foreign securities involve additional risks including greater market volatility, the availability of less reliable financial information, higher transactional and custody costs, taxation by foreign governments, decreased market liquidity, political instability and less stringent requirements regarding accounting, auditing, financial reporting and record keeping. 

    Risk of Investing in Emerging Markets Issuers

    Investments in securities of emerging markets issuers are exposed to political risks including unstable governments, nationalization and restrictions on foreign ownership and market risks including economies that concentrate in only a few industries, securities issues that are held by only a few investors, limited trading capacity and market manipulation. 

  • Composición por sector industrial del Índice

     

    Al December 18, 2014
    Sector/Industria
    Divisa
    Total
    USD ($)
    Industrials
    66.3%
    66.3%
    Basic Industry
    19.6%
    19.6%
    Energy
    12.9%
    12.9%
    Real Estate
    9.3%
    9.3%
    Telecommunications
    9.2%
    9.2%
    Consumer Goods
    4.9%
    4.9%
    Transportation
    2.2%
    2.2%
    Media
    2.0%
    2.0%
    Leisure
    1.6%
    1.6%
    Retail
    1.3%
    1.3%
    Technology & Electronics
    1.3%
    1.3%
    Capital Goods
    1.0%
    1.0%
    Automotive
    0.8%
    0.8%
    Healthcare
    0.2%
    0.2%
    Financial
    22.2%
    22.2%
    Banking
    21.2%
    21.2%
    Financial Services
    1.0%
    1.0%
    Utility
    7.4%
    7.4%
    Quasi & Foreign Government
    3.8%
    3.8%
    Government Guaranteed
    2.0%
    2.0%
    Local-Authority
    1.4%
    1.4%
    Agency
    0.5%
    0.5%
    CASH
    0.3%
    0.3%
    Total
    100.0%
    100.0%
  • Index Maturity Breakdown

     

    As of 18 de dic de 2014
    YEARS
    30 +
    2.5%
    20 - 30
    2.5%
    15 - 20
    0.0%
    10 - 15
    2.4%
    7 - 10
    20.5%
    5 - 7
    26.7%
    3 - 5
    28.2%
    1 - 3
    17.0%
    < 1
    0.0%
    0%5%10%15%20%25%30%35%
  •  

    1 30-Day SEC Yield is a standard calculation developed by the Securities and Exchange Commission that allows for fairer comparisons among bond funds. It is based on the most recent 30-day period. This yield figure reflects the interest earned during the period after deducting the fund’s expenses for the period.

    2 12-Month Yield is the yield an investor would have received if they had held the fund over the last 12 months assuming the most recent NAV. The 12-month yield is calculated by summing any income distributions over the past 12 months and dividing by the sum of the most recent NAV and any capital gain distributions made over the past 12 months.

    3As represented by The BofA Merrill Lynch Global High Yield Index for global high-yield corporate bonds, The BofA Merrill Lynch High Yield US Emerging Markets Liquid Corporate Plus Index for USD-denominated EM high-yield corporate bonds, The BofA Merrill Lynch USD Emerging Markets Sovereigns Index for USD-denominated EM high-yield sovereign bonds and The BofA Merrill Lynch U.S. High Yield Master Index II for U.S. high-yield corporate bonds. 

    4Sources: Standard & Poor’s Global Fixed Income Research and Standard & Poor’s CreditPro®; 2011 Annual Global Corporate Default Study and Rating Transitions.

    5The FX G10 is defined as Belgium, Canada, France, Germany, Italy, Japan, the Netherlands, Sweden, Switzerland, the United Kingdom and the United States.

    Average Yield to Worst measures the lowest of either yield-to-maturity or yield-to-call date on every possible call date. Average Yield to Maturity is the annualized return on a bond held to maturity. Average Effective Duration measures a bond's sensitivity to interest rate changes that reflects the change in a bond's price given a change in yield. This duration measure is appropriate for bonds with embedded options. Average Modified Duration measures a bond's sensitivity to interest rate changes that reflects the change in a bond's price given a change in yield. Average Years to Maturity is the length of time until a fixed-income investment returns its original investment. Average Coupon is measured by weighting the coupon of each bond by its relative size in the portfolio. Coupons are fixed percentages paid on a fixed-income security on an annual basis. Averages are market weighted. The average coupon and average yield to worst do not represent the performance of the Fund. These statistics do not take into account fees and expenses associated with investments of the Fund.

    Important Disclosure 

    Yield information reflects temporary waivers of expenses and/or fees. Yields would have been reduced had these fees/expenses been included.

    The Fund may be subject to credit risk, interest rate risk and a greater risk of loss of income and principal than higher rated securities. Investments in emerging markets securities are subject to elevated risks which include, among others, expropriation, confiscatory taxation, issues with repatriation of investment income, limitations of foreign ownership, political instability, armed conflict and social instability. Investors should be willing to accept a high degree of volatility and the potential of significant loss. For a more complete description of these and other risks, please refer to the Fund’s prospectus and summary prospectus. The Fund may loan its securities, which may subject it to additional credit and counterparty risk.

    Merrill Lynch, Pierce, Fenner & Smith Incorporated and its affiliates (“BofA Merrill Lynch”) indices and related information, the name “Bank of America Merrill Lynch”, and related trademarks, are intellectual property licensed from BofA Merrill Lynch, and may not be copied, used, or distributed without BofA Merrill Lynch’s prior written approval. The licensee’s products have not been passed on as to their legality or suitability, and are not regulated, issued, endorsed, sold, guaranteed, or promoted by BofA Merrill Lynch. BOFA MERRILL LYNCH MAKES NO WARRANTIES AND BEARS NO LIABILITY WITH RESPECT TO THE INDICES, ANY RELATED INFORMATION, ITS TRADEMARKS, OR THE PRODUCT(S) (INCLUDING WITHOUT LIMITATION, THEIR QUALITY, ACCURACY, SUITABILITY AND/OR COMPLETENESS).
     
    The performance data quoted represents past performance. Past performance is not a guarantee of future results. Performance information for the Fund reflects temporary waivers of expenses and/or fees. Had the Fund incurred all expenses, investment returns would have been reduced. Investment return and value of the shares of the Fund will fluctuate so that an investor’s shares, when sold, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted. Fund returns reflect dividends and capital gains distributions. Performance current to the most recent month end is available by calling 888.MKT.VCTR or on this web page.

    The “Net Asset Value” (NAV) of a Market Vectors exchange-traded fund (ETF) is determined at the close of each business day, and represents the dollar value of one share of the fund; it is calculated by taking the total assets of the fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV is not necessarily the same as the ETF’s intraday trading value.  Market Vectors ETF investors should not expect to buy or sell shares at NAV.

    Fund shares are not individually redeemable and will be issued and redeemed at their NAV only through certain authorized broker-dealers in large, specified blocks of shares called “creation units” and otherwise can be bought and sold only through exchange trading. Creation units are issued and redeemed principally in kind. Shares may trade at a premium or discount to their NAV in the secondary market.

    Investing involves substantial risk and high volatility, including possible loss of principal. Bonds and bond funds will decrease in value as interest rates rise. An investor should consider the investment objective, risks, charges and expenses of the Fund carefully before investing. To obtain a prospectus or summary prospectus, which contains this and other information, call 888.MKT.VCTR or visit marketvectorsetfs.com. Please read the prospectus or summary prospectus carefully before investing. 

    Not FDIC Insured — No Bank Guarantee — May Lose Value 

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