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THHY Market Vectors Treasury-Hedged High Yield Bond ETF

  • Fund Description

    The Market Vectors Treasury-Hedged High Yield Bond ETF (THHY®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors® U.S. Treasury-Hedged High Yield Bond Index (MVTHHY) , which was designed to provide exposure to below investment grade corporate bonds, denominated in U.S. dollars.

  •  
      

    • Fund Ticker

      THHY
    • Exchange

      NYSE Arca
    • Commencement

      03/21/2013
    • ETF Structure

      Physical
    • Administrator

      Van Eck Associates
    • Custodian

      Bank of New York Mellon
    • Index Ticker

      MVTHHY
    • Index Rebalancing

      Monthly
  •  
    as of 04/28/16

    • 30-Day SEC Yield1

      5.60%
    • Total Net Assets

      $4.5M
    • Number of Holdings

      121
    • Options

      Expected
    • Gross Expense Ratio2

      1.44%
    • Net Expense Ratio/TER2

      0.50%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      05/31/2016
  • Morningstar™ Ratings3
    as of 3/31/16

    Category Overall 3 Year 5 Year
    Nontraditional Bond
       
    3 stars of 275 Funds
       
    3 stars of 275 Funds
    -
  • Key Points

    • Designed to hedge the risk of rising interest rates while offering income potential from high-yield bonds 

    • Offers near-zero duration by tracking an index that combines high-yield bonds with short positions in 5-Year U.S. Treasury notes 

    • Presents relatively greater risk of loss than unhedged high-yield bond funds in "risk-off" environment: when U.S. Treasuries rally and high-yield bonds decline
  • Yield
    as of 04/28/16

    • 30-Day SEC Yield1

      5.60%
    • Distribution Yield1

      4.43%
    • 12-Month Yield1

      4.92%
     1 See Important Disclosure for definitions.
  • Fees and Expenses2

    • Management Fee

      0.45%
    • Other Expenses

      0.99%
    • Short Interest Expense and Cost to Borrow

      --
    • Acquired Fund Fees and Expenses

      --
    • Gross Expense Ratio

      1.44%
    • Fee Waivers and
      Expense Reimbursement

      -0.94%
    • Net Expense Ratio/TER2

      0.50%
    2Expenses for the Fund are capped contractually at 0.50% until 09/01/16. Cap excludes certain expenses, such as interest and costs to borrow on securities sold short.
  • Trading Information

    • Fund Ticker

      THHY
    • Index Total Return Ticker

      MVTHHY
    • NAV

      THHYNV
    • Intraday NAV (IIV)5

      THHYIV
    • Shares Outstanding

      200,000
    • Estimated Cash

      THHYEU
    • Total Cash

      THHYTC
    • CUSIP

      57061R775
    • ISIN

      US57061R7750
    5See IIV Details. Source: Bloomberg
  • Fundamentals4
    as of 04/28/16

    • Yield to Worst

      6.21%
    • Yield to Maturity

      6.66%
    • Effective Duration (yrs)

      -0.70
    • Years to Maturity (yrs)

      9.85
    • Coupon

      6.55%
     4 See Important Disclosure for definitions.
  • Prices as of 04/28/16

    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
    THHY $22.49
    $22.26
    584
    105
    $0.06 / +0.26%
    $0.04 / +0.17%
    +3.9%
    +3.5%
    $-0.23
    -1.01%
  • 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
    03/21/13
    THHY (NAV) 2.93 0.58 0.58 -5.37 -0.04 -- -- -0.11
    THHY (Share Price) 3.35 0.50 0.50 -6.13 -0.38 -- -- -0.35
    MVTHHY (Index) 3.68 0.74 0.74 -5.77 0.12 -- -- 0.08
    Performance Differential (NAV - Index) -0.75 -0.16 -0.16 0.40 -0.16 -- -- -0.19
    After Tax Held 2.76 0.03 0.03 -7.34 -1.93 -- -- -1.98
    After Tax Sold 1.66 0.33 0.33 -3.01 -0.84 -- -- -0.88
    Quarter End as of 03/31/16
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    03/21/13
    THHY (NAV) 2.93 0.58 0.58 -5.37 -0.04 -- -- -0.11
    THHY (Share Price) 3.35 0.50 0.50 -6.13 -0.38 -- -- -0.35
    MVTHHY (Index) 3.68 0.74 0.74 -5.77 0.12 -- -- 0.08
    Performance Differential (NAV - Index) -0.75 -0.16 -0.16 0.40 -0.16 -- -- -0.19
    After Tax Held 2.76 0.03 0.03 -7.34 -1.93 -- -- -1.98
    After Tax Sold 1.66 0.33 0.33 -3.01 -0.84 -- -- -0.88
  • Daily Holdings »Top 10 Long Holdings (%)as of 03/31/16

    Total Holdings: 116
    Holding Name
    Coupon
    Maturity
    Composite
    Rating
    Currency
    % of Net
    Assets
    Hca Inc
    6.500
    02/15/2020
    BB+
    USD
    2.79
    Ally Financial Inc
    8.000
    11/01/2031
    BB
    USD
    2.54
    Dish Dbs Corp
    5.875
    07/15/2022
    BB-
    USD
    2.20
    Reynolds Group Issuer Inc / Reynolds Gr
    5.750
    10/15/2020
    B+
    USD
    1.79
    Bank Of America Corp
    8.000
    12/29/2049
    BB+
    USD
    1.75
    T-Mobile Usa Inc
    6.625
    04/01/2023
    BB-
    USD
    1.67
    Tenet Healthcare Corp
    4.750
    06/01/2020
    BB-
    USD
    1.60
    Sprint Communications Inc
    8.375
    08/15/2017
    B
    USD
    1.54
    Centurylink Inc
    5.800
    03/15/2022
    BB
    USD
    1.49
    United Rentals North America Inc
    7.625
    04/15/2022
    B+
    USD
    1.37
    Top 10 Total (%)18.73

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

  • View All Holdings »Short Holdings as of 03/31/16

    Total Holdings: 1
    Holding Name
    Contracts
    Notional Amount
    (US$)
    Market Value
    (US$)
    Us 5yr Note (Cbt) Jun16
    -37
    -4,483,070-4,483
    Total-4,483

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

  • Credit Quality (%)
    as of 03/31/16

    Composite % of Net Assets
    Investment Grade BBB 1.53
    Non-Investment Grade BB 60.05
    B 30.91
    CCC 6.29
    Total Investment Grade -- 1.53
    Total Non-Investment Grade -- 97.25
    Not Rated -- 1.01
    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. The credit breakdown presented above includes only the aggregate of the long positions.
  • Maturity (%) as of 03/31/16

    Average Portfolio Maturity: 9.92 Years

    *Maturity breakdown presented above only includes the Long Portfolio of the Fund. Years to Maturity is the length of time until a fixed-income investment returns its original investment.