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IHY Market Vectors International High Yield Bond ETF

  • Fund Description

    The Market Vectors® International High Yield Bond ETF (IHY®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the BofA Merrill Lynch Global ex-US Issuers High Yield Constrained Index (HXUS), which is comprised of U.S. dollar, Canadian dollar, pound sterling, and euro denominated below investment grade corporate bonds issued by non-U.S. corporations 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 02/05/16

    • 30-Day SEC Yield1

      7.73%
    • Total Net Assets

      $121.2M
    • Number of Holdings

      458
    • Options

      Available
    • Gross Expense Ratio2

      0.54%
    • Net Expense Ratio/TER2

      0.40%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      02/29/2016
    1, 2, 7 See Important Disclosure
  • Morningstar™ Ratings**
    as of 12/31/15

    Category Overall 3 Year 5 Year
    World Bond
       
    3 of 323 Funds
       
    3 of 323 Funds
    --
  • 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
  • Yield
    as of 02/05/16

    • 30-Day SEC Yield1

      7.73%
    • Distribution Yield1

      6.30%
    • 12-Month Yield1

      5.84%
     1 See Important Disclosure for definitions.
  • Fees and Expenses2

    • Management Fee

      0.40%
    • Other Expenses

      0.14%
    • Acquired Fund Fees and Expenses

      --
    • Gross Expense Ratio

      0.54%
    • Fee Waivers and
      Expense Reimbursement

      -0.14%
    • Net Expense Ratio/TER2

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

    • Fund Ticker

      IHY
    • Index Total Return Ticker

      HXUS
    • NAV

      IHYNV
    • Intraday NAV (IIV)5

      IHYIV
    • Shares Outstanding

      5,400,000
    • Estimated Cash

      IHYEU
    • Total Cash

      IHYTC
    • CUSIP

      57061R205
    • ISIN

      US57061R2058
    5See IIV Details. Source: Bloomberg
  • Fundamentals4
    as of 02/04/16

    • Yield to Worst

      8.49%
    • Yield to Maturity

      8.70%
    • Effective Duration (yrs)

      3.60
    • Years to Maturity

      5.00
    • Modified Duration (yrs)

      3.79
    • Coupon

      6.43%
     4 See Important Disclosure for definitions.
  • Prices as of 02/05/16

    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
    IHY $22.44
    $22.33
    84,882
    49,761
    $-0.02 / +0.42%
    $0.01 / +0.57%
    -0.3%
    +0.3%
    $-0.11
    -0.50%
  • 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) -2.00 -0.71 -3.57 -3.57 0.12 -- -- 3.12
    IHY (Share Price) -2.53 -1.45 -3.13 -3.13 -0.50 -- -- 2.83
    HXUS (Index) -1.61 0.02 -3.12 -3.12 0.84 -- -- 3.97
    Performance Differential (NAV - Index) -0.39 -0.73 -0.45 -0.45 -0.72 -- -- -0.85
    After Tax Held -2.20 -1.28 -5.82 -5.82 -2.34 -- -- 0.74
    After Tax Sold -1.13 -0.39 -1.97 -1.97 -0.95 -- -- 1.40
    Quarter End as of 12/31/15
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    04/02/12
    IHY (NAV) -2.00 -0.71 -3.57 -3.57 0.12 -- -- 3.12
    IHY (Share Price) -2.53 -1.45 -3.13 -3.13 -0.50 -- -- 2.83
    HXUS (Index) -1.61 0.02 -3.12 -3.12 0.84 -- -- 3.97
    Performance Differential (NAV - Index) -0.39 -0.73 -0.45 -0.45 -0.72 -- -- -0.85
    After Tax Held -2.20 -1.28 -5.82 -5.82 -2.34 -- -- 0.74
    After Tax Sold -1.13 -0.39 -1.97 -1.97 -0.95 -- -- 1.40
  • Daily Holdings »Top 10 Holdings (%)as of 12/31/15

    Total Holdings: 469
    Holding Name
    Coupon
    Maturity
    Composite
    Rating
    Country
    Currency
    % of Net
    Assets
    Petrobras Global Finance Bv
    5.375
    01/27/2021
    BB
    Brazil
    USD
    1.21
    Reynolds Group Issuer Inc / Reynolds Gr
    5.750
    10/15/2020
    B+
    New Zealand
    USD
    1.16
    Petrobras Global Finance Bv
    2.750
    01/15/2018
    BB
    Brazil
    EUR
    1.04
    Gazprom (Gaz Capital Sa)
    9.250
    04/23/2019
    BB+
    Russian Federation
    USD
    0.95
    Softbank Corp
    4.500
    04/15/2020
    BB+
    Japan
    USD
    0.88
    Altice Luxembourg Sa
    7.750
    05/15/2022
    B-
    Guernsey
    USD
    0.80
    Telecom Italia Spa
    5.250
    02/10/2022
    BB+
    Italy
    EUR
    0.79
    Telecom Italia Spa
    5.375
    01/29/2019
    BB+
    Italy
    EUR
    0.77
    Itau Unibanco Holding Sa/Cayman Island
    5.125
    05/13/2023
    BB
    Brazil
    USD
    0.74
    Gazprom (Gaz Capital Sa)
    4.950
    07/19/2022
    BB+
    Russian Federation
    USD
    0.72
    Top 10 Total (%)9.06

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

  • Country Weightings (%) as of 12/31/15

    • Country

      % of Net Assets
    • UNITED KINGDOM

      15.55
    • ITALY

      9.15
    • RUSSIA

      8.00
    • BRAZIL

      7.23
    • GERMANY

      6.60
    • FRANCE

      6.08
    • CHINA

      4.68
    • CANADA

      4.64
    • LUXEMBOURG

      3.98
    • SPAIN

      2.68
    • UNITED STATES

      2.46
    • NETHERLANDS

      2.12
    • MEXICO

      2.00
    • LIECHTENSTEIN

      1.61
    • SWITZERLAND

      1.61
    • VENEZUELA

      1.40
    • INDIA

      1.20
    • INDONESIA

      1.16
    • NEW ZEALAND

      1.16
    • SOUTH AFRICA

      1.07
    • Other/Cash

      15.61
  • Currency Exposure (%)
    as of 12/31/15

    • U.S. Dollar

      57.65
    • Euro

      33.19
    • British Pound

      7.69
    • Canadian Dollar

      0.71
    • Other/Cash

      0.76
  • Sector Weightings (%) as of 12/31/15

    • Sector

      % of Net Assets
    • Financial

      28.7
    • Communications

      16.7
    • Energy

      12.3
    • Consumer, Cyclical

      9.7
    • Industrial

      9.2
    • Basic Materials

      8.5
    • Consumer, Non-cyclical

      8.2
    • Utilities

      4.2
    • Diversified

      0.9
    • Technology

      0.6
    • Government

      0.1
    • Other/Cash

      0.8
  • Credit Quality (%)
    as of 12/31/15

    Composite % of Net Assets
    Investment Grade BBB 1.55
    Non-Investment Grade BB 61.22
    B 26.72
    CCC 3.87
    CC 0.33
    DD --
    Total Investment Grade -- 1.55
    Total Non-Investment Grade -- 92.14
    Not Rated -- 6.26
    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 12/31/15

    Average Portfolio Maturity: 5.07 Years