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International High Yield Bond ETF IHY

  • Full Name: Market Vectors®
    International High Yield Bond ETF (IHY)

    Management Style: Sampling

    Underlying Index: The BofA Merrill Lynch Global ex-US Issuers High Yield Constrained Index (HXUS)

    Index Provider: BofA Merrill Lynch

    Index Description: HXUS is comprised of below investment-grade debt issued by corporations located throughout the world (which may include emerging market countries) excluding the United States denominated in Euros, U.S. dollars, Canadian dollars or pound sterling issued in the major domestic or Eurobond markets.

  •  
      

    • Fund Ticker

      IHY
    • Exchange

      NYSE Arca
    • Commencement

      04/02/2012
    • ETF Structure

      Physical
    • Administrator

      Van Eck Associates
    • Custodian

      Bank of New York Mellon
    • Index Ticker

      HXUS
    • Index Rebalancing

      Monthly
    • Preliminary NAIC
      Designation7

      3
  •  
    as of 09/17/14

    • 30-Day SEC Yield1

      4.71%
    • Total Net Assets

      $204.4M
    • Number of Holdings

      483
    • Options

      Expected
    • Gross Expense Ratio2

      0.58%
    • Net Expense Ratio/TER2

      0.40%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      09/30/2014
    1, 2, 7 See Important Disclosure
  • Key Points

    • Diversify With Exposure to Non-U.S. High-Yield Bonds, Over a Third of the Global High-Yield Market

    • Historically, International High-Yield Bonds Have Experienced Lower Default Rates Than U.S. High-Yield Bonds

    • Gain Potential Upside Performance from Recovering European and Growing Emerging Markets
  • Yields
    as of 09/17/14

    • 30-Day SEC Yield1

      4.71%
    • Distribution Yield1

      5.44%
    • 12-Month Yield1

      6.16%
     1 See Important Disclosure for definitions.
  • Fees & Expenses2

    • Management Fee

      0.40%
    • Other Expenses

      0.18%
    • Acquired Fund Fees and Expenses

      --
    • Gross Expense Ratio

      0.58%
    • Fee Waivers and
      Expense Reimbursement

      -0.18%
    • Net Expense Ratio/TER2

      0.40%
    2Expenses for IHY 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

      IHY
    • Index Total Return Ticker

      HXUS
    • NAV

      IHYNV
    • Intraday NAV (IIV)5

      IHYIV
    • Shares Outstanding

      7,600,000
    • Estimated Cash

      IHYEU
    • Total Cash

      IHYTC
    • CUSIP

      57061R205
    • ISIN

      US57061R2058
    5See IIV Details. Source: Bloomberg
  • Fundamentals4
    as of 09/17/14

    • Yield to Worst

      5.47%
    • Yield to Maturity

      5.88%
    • Effective Duration (yrs)

      3.72
    • Modified Duration (yrs)

      4.51
    • Years to Maturity

      6.52
    • Coupon

      6.84%
     4 See Important Disclosure for definitions.
  • Prices as of 09/17/2014

    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
    IHY $26.89
    $26.95
    52,849
    119,055
    $0.03 / +0.11%
    $-0.01 / -0.04%
    + 1.5%
    + 1.2%

    $0.06
    0.22%
  • 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
    04/02/12
    IHY (NAV) -0.10 -0.35 4.58 11.16 -- -- -- 9.92
    IHY (Share Price) 0.05 -0.46 4.22 11.65 -- -- -- 9.97
    HXUS (Index) -0.16 -0.34 4.53 12.15 -- -- -- 10.94
    Performance Differential (NAV - Index) 0.06 -0.01 0.05 -0.99 -- -- -- -1.02
    After Tax Held -- -- -- 8.17 -- -- -- 7.39
    After Tax Sold -- -- -- 6.26 -- -- -- 6.50
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    04/02/12
    IHY (NAV) 1.20 3.26 6.21 15.20 -- -- -- 11.47
    IHY (Share Price) 1.23 3.14 5.99 15.17 -- -- -- 11.60
    HXUS (Index) 1.31 3.44 6.27 16.49 -- -- -- 12.64
    Performance Differential (NAV - Index) -0.11 -0.18 -0.06 -1.29 -- -- -- -1.17
    After Tax Held -- -- -- 12.05 -- -- -- 8.90
    After Tax Sold -- -- -- 8.48 -- -- -- 7.66
  • View All Holdings »Top 10 Holdings (%)as of 08/31/14

    Total Holdings: 480
    Holding Name
    Coupon
    Maturity
    Composite
    Rating
    Country
    Currency
    % of Net
    Assets
    Telecom Italia Spa
    5.250
    02/10/2022
    BB+
    Italy
    EUR
    1.42
    Heidelbergcement Finance Bv
    8.000
    01/31/2017
    BB+
    Germany
    EUR
    1.14
    Peugeot Sa
    7.375
    03/06/2018
    B+
    France
    EUR
    0.98
    Fiat Finance & Trade Sa
    7.000
    03/23/2017
    B+
    Italy
    EUR
    0.95
    Petroleos De Venezuela Sa
    8.500
    11/02/2017
    B-
    Venezuela
    USD
    0.90
    Lynx I Corp
    6.000
    04/15/2021
    BB-
    U.S.
    GBP
    0.86
    Cemex Sab De Cv
    9.000
    01/11/2018
    B+
    Mexico
    USD
    0.82
    Commerzbank Ag
    7.750
    03/16/2021
    BB+
    Germany
    EUR
    0.81
    Credit Agricole Sa
    4.130
    11/29/2049
    BB+
    France
    EUR
    0.80
    Telecom Italia Spa
    5.375
    01/29/2019
    BB+
    Italy
    EUR
    0.80
    Top 10 Total (%)9.48

    †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 08/31/14

    • Country

      % of Net Assets
    • UNITED KINGDOM

      10.7
    • FRANCE

      10.3
    • ITALY

      10.2
    • GERMANY

      6.8
    • LUXEMBOURG

      5.9
    • BRAZIL

      5.1
    • CHINA

      4.8
    • CANADA

      4.6
    • U.S.

      3.9
    • NETHERLANDS

      3.4
    • SPAIN

      3.2
    • VENEZUELA

      2.7
    • RUSSIA

      2.3
    • MEXICO

      2.2
    • PORTUGAL

      2.0
    • SWITZERLAND

      1.5
    • COLOMBIA

      1.2
    • INDONESIA

      1.2
    • GREECE

      1.0
    • BERMUDA

      1.0
    • Other

      16.1
  • Currency Exposure (%)
    as of 08/31/14

    • U.S. Dollar

      52.86
    • Euro

      38.23
    • British Pound

      6.88
    • Canadian Dollar

      1.17
    • Other

      0.85
    • Total

      99.99
  • Sector Weightings (%)
    as of 08/31/14

    • Sector

      % of Net Assets
    • Financial

      28.6
    • Communications

      17.8
    • Industrial

      11.4
    • Basic Materials

      10.2
    • Consumer, Cyclical

      9.0
    • Energy

      7.4
    • Consumer, Non-cyclical

      6.4
    • Utilities

      4.7
    • Diversified

      0.7
    • Technology

      0.6
    • Other

      3.1
  • Credit Quality (%)
    as of 08/31/14

    Composite % of Net Assets
    Investment Grade BBB 1.30
    Non-Investment Grade BB 56.42
    B 27.73
    CCC 4.18
    CC 0.13
    C 0.17
    DD+ 0.01
    Total Investment Grade 1.30
    Total Non-Investment Grade 88.64
    Not rated 10.07
    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 08/31/14

    Average Portfolio Maturity: 6.55 Years