Van Eck Global - Since 1955
リンク



  • マーケット・ベクトル® 新興国市場ハイ・イールド債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 Diversified High Yield US Emerging Markets Corporate Plus Index (EMLH), 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;EMLH;Income
  •  

    ファンド

    現在日 May 21, 2015

    ファンド・ティッカー
    HYEM
    ISIN
    US57061R4039
    イントラデイNAV (IIV)
    HYEMIV
    ファンド・ティッカー
    EMLH
    取引所
    NYSE Arca
    設立日
    05/08/2012
    グロス経費率*
    0.53%
    ネット経費率*
    0.40%
    Number Of Holdings
    363
    52 Weeks High/Low NAV
    26.46/22.44


    運用資産(AUM)
    $424.5M
    平均最低利回り1
    7.43
    Avg Yield to Maturity
    7.60
    Effective Duration
    3.95
    平均修正デュレーション
    4.16
    満期までの平均年数
    5.37
    平均表面利率
    6.85
    オプション
    Expected
    09/01/2016
    インデックス

    現在日 May 21, 2015
    ファンド・ティッカー
    EMLH
    設定日
    03/03/2015
    平均最低利回り1
    7.58
    Avg Yield to Maturity
    7.75
    Effective Duration
    3.93
    平均修正デュレーション
    4.13
    満期までの平均年数
    5.45
    平均表面利率
    6.96
    Number of Constituents
    493
    時価
    $ 0.00 B
  • 価格

     

    現在日 2015年 5月 21日
    ティッカーNAV/
    終値
    出来高NAV/
    終値の日次変動
    NAV/
    終値の年初来の変動
    プレミアム/
    ディスカウント
    プレミアム/
    ディスカウント分配
    NAV価格実績

    プレミアム-ディスカウント
    経費率*
    グロス/ネット
    Emerging Markets High Yield Bond ETFHYEM $24.68
    $24.63
    53,782
    $0.05
    +0.2%

    ($0.03)
    -0.1%
    + 9.2%
    + 10.3%

    $-0.05
    -0.2%
    Chart Export 0.53/0.40
  •  

    現在日 May 21, 2015 | TOTAL HOLDINGS: 363
    組入銘柄
    表面利率
    償還期限
    Composite Rating
    対純資産比率(%)
    Country
    Currency
    Plnij 7 3/4 01/20/20
    7.750
    01/20/2020
    BB+
    1.16%
    Indonesia
    USD
    Petroleos De Venezuela Sa
    8.500
    11/02/2017
    CCC
    0.98%
    Venezuela
    USD
    Dlltd 8 1/4 09/30/20
    8.250
    09/30/2020
    CCC+
    0.96%
    Bermuda
    USD
    Vedln 8 1/4 06/07/21
    8.250
    06/07/2021
    BB-
    0.92%
    Bahamas
    USD
    Vebbnk 6.902 07/09/20
    6.902
    07/09/2020
    BB+
    0.90%
    Russian Federation
    USD
    Petrobras Global Finance Bv
    4.375
    05/20/2023
    BB+
    0.90%
    Brazil
    USD
    State Oil Co Of The Azerbaijan Republic
    4.750
    03/13/2023
    BB+
    0.90%
    Azerbaijan
    USD
    Ypf Sa
    8.500
    07/28/2025
    CCC
    0.88%
    Argentina
    USD
    Petrobras Global Finance Bv
    5.375
    01/27/2021
    BB+
    0.85%
    Brazil
    USD
    Eskom Holdings Ltd
    5.750
    01/26/2021
    BBB-
    0.84%
    South Africa
    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 1.16
    ■   Petroleos De Venezuela Sa 0.98
    ■   Dlltd 8 1/4 09/30/20 0.96
    ■   Vedln 8 1/4 06/07/21 0.92
    ■   Vebbnk 6.902 07/09/20 0.90
    ■   Petrobras Global Finance Bv 0.90
    ■   State Oil Co Of The Azerbaijan Republic 0.90
    ■   Ypf Sa 0.88
    ■   Petrobras Global Finance Bv 0.85
    ■   Eskom Holdings Ltd 0.84
    Total 9.29
    現在日 May 21, 2015 |構成銘柄合計: 494
    組入銘柄
    表面利率
    償還期限
    ウェイト
    DIGICEL GROUP LTD DLLTD
    8.250
    09/30/2020
    0.96%
    ESKOM HOLDINGS SOC LTD
    0.000
    01/26/2021
    0.81%
    PDVSA 8.5 11/02/17 144A PDVSA
    8.500
    11/02/2017
    0.75%
    YPF SOCIEDAD ANONIMA
    0.000
    01/01/1900
    0.71%
    VTR FINANCE BV
    6.875
    01/15/2024
    0.69%
    PLNIJ 7.75 01/20/20 144A PLNIJ
    7.750
    01/20/2020
    0.69%
    BANCOLOMBIA SA BANCOL
    5.125
    09/11/2022
    0.68%
    ANGLOGOLD HOLDINGS PLC ANGSJ
    8.500
    07/30/2020
    0.65%
    YPF SOCIEDAD ANONIMA
    8.750
    04/04/2024
    0.64%
    COLUMBUS INTL INC
    7.375
    03/30/2021
    0.63%
    HOLDINGS % OF NET ASSETS
    ■   Digicel Group Ltd 0.96
    ■   Eskom Holdings Soc Ltd 0.81
    ■   Petroleos De Venezuela S 0.75
    ■   Ypf Sociedad Anonima 0.71
    ■   Vtr Finance Bv 0.69
    ■   Majapahit Holding Bv 0.69
    ■   Bancolombia Sa 0.68
    ■   Anglogold Holdings Plc 0.65
    ■   Ypf Sociedad Anonima 0.64
    ■   Columbus Intl Inc 0.63
    Total 7.21
  • 30日間SEC準拠利回り2

     

    現在日 May 21, 2015
    30日間SEC準拠利回り2
    7.41%
  • 分配利回り2

     

    現在日 May 21, 2015
    分配利回り2
    6.92%
    The most recent monthly dividend per share, annualized (multiplied by 12) and divided by latest NAV.
  • 過去の運用実績(%)

    現在日 2015年 4月 30日
    1ヵ月3ヵ月年初来1年3年†5年†10年†設定来*
    インデックス
    HYEM
    5.01n.a.n.a.n.a.n.a.n.a.n.a.6.17
    ファンド/NAV4.769.238.011.94n.a.n.a.n.a.5.48
    ファンド/市場価格4.319.328.330.46n.a.n.a.n.a.5.14
    税引き後(保有)n.a.n.a.n.a.-0.93n.a.n.a.n.a.2.86
    税引き後(売却)n.a.n.a.n.a.1.07n.a.n.a.n.a.3.05
    現在日 2015年 4月 30日
    1ヵ月3ヵ月年初来1年3年†5年†10年†設定来*
    インデックス
    HYEM
    5.01n.a.n.a.n.a.n.a.n.a.n.a.6.17
    ファンド/NAV4.769.238.011.94n.a.n.a.n.a.5.48
    ファンド/市場価格4.319.328.330.46n.a.n.a.n.a.5.14
    税引き後(保有)n.a.n.a.n.a.-0.93n.a.n.a.n.a.2.86
    税引き後(売却)n.a.n.a.n.a.1.07n.a.n.a.n.a.3.05
    *設立日: 2012/05/08
    †年率
    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.
  • 分配金スケジュール

     

    予想される分配頻度 月次
    キャピタルゲイン 年次
  • 主な特徴

     

    Focuses Solely on Non-Sovereign Segment of the High Yield EM Bond Market3 
    HY EM Corporate Bonds Currently Have Higher Yields than HY EM Sovereign and HY U.S. Corporate Bonds
    HY EM Corporate Bonds Historically Have Had Lower Default Rates than HY U.S. Corporate Bonds4 
    The BofA Merrill Lynch Diversified High Yield US Emerging Markets Corporate Plus Index (EMLH) 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 G109, all Western European countries and territories of the U.S. and Western European countries.
    Index Weighting:
    The 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 3% issuer cap. Countries and issuers that exceed the caps are reduced to 10% and 3%, respectively, and the face value of each of their bonds is adjusted on a pro-rata basis.
    Index Provider
  • 関連したリスク

     

    高利回り証券のリスク

    高利回り証券は格付けの高い証券よりも収益および元本損失のリスクが高くなっています。 その価格は、格付けの高い証券よりも、不利な経済変化や各発行者の発展の影響を受けやすい傾向があります。 このような証券が流通するセカンダリー市場は、質の高い証券の市場よりも流動性が低い可能性があり、証券の市価に悪影響を与えるかもしれません。 

    確定利付証券のリスク

    確定利付証券は利率の変化に応じて価値が変動します。 全般的な利率レベルが上がると、ほとんどの確定利付証券の価格は下がります。 さらに確定利付証券は、証券の発行者が時宜を得た利息の支払いや債務の元本返済を行うことができない、および/または行う意思がない場合にクレジット・リスクを伴います。 

    外国証券への投資リスク

    外国証券への投資リスクが高くなる理由として、市場ボラティリティが大きくなること、入手可能な信頼性の高い金融情報が少ないこと、高い取引費用と保管料、外国政府による課税、低い市場流動性、政治不安、勘定・監査・財務報告・記録に関する基準があまり厳しくないことなどが挙げられます。 

    新興国市場の発行者への投資リスク

    新興国市場の発行者への投資は、不安定な政権、国有化、および外国人の所有に関する制限といった政治的リスク、ならびにわずかな産業に集中する経済、小数の投資家に保有されている証券、限定的な取引量、市場操作といった市場リスクにさらされます。 

  • Index Maturity Breakdown

     

    As of 2015年 5月 21日
    YEARS
    30 +
    2.6%
    20 - 30
    2.2%
    15 - 20
    0.5%
    10 - 15
    1.9%
    7 - 10
    19.8%
    5 - 7
    24.4%
    3 - 5
    27.4%
    1 - 3
    19.8%
    < 1
    0.8%
    0%5%10%15%20%25%30%35%
  • Index Sector Industry Breakdown

     

    現在日 May 21, 2015
    Sector/Industry
    Currency
    Total
    CAD
    EUR
    GBP
    USD
    Industrials
    n.a.
    n.a.
    n.a.
    66.0%
    66.0%
    Energy
    n.a.
    n.a.
    n.a.
    17.4%
    17.4%
    Basic Industry
    n.a.
    n.a.
    n.a.
    16.0%
    16.0%
    Real Estate
    n.a.
    n.a.
    n.a.
    10.2%
    10.2%
    Telecommunications
    n.a.
    n.a.
    n.a.
    7.4%
    7.4%
    Consumer Goods
    n.a.
    n.a.
    n.a.
    4.5%
    4.5%
    Transportation
    n.a.
    n.a.
    n.a.
    2.1%
    2.1%
    Media
    n.a.
    n.a.
    n.a.
    1.9%
    1.9%
    Leisure
    n.a.
    n.a.
    n.a.
    1.6%
    1.6%
    Retail
    n.a.
    n.a.
    n.a.
    1.5%
    1.5%
    Technology & Electronics
    n.a.
    n.a.
    n.a.
    1.2%
    1.2%
    Capital Goods
    n.a.
    n.a.
    n.a.
    1.1%
    1.1%
    Automotive
    n.a.
    n.a.
    n.a.
    0.8%
    0.8%
    Healthcare
    n.a.
    n.a.
    n.a.
    0.2%
    0.2%
    Services
    n.a.
    n.a.
    n.a.
    0.1%
    0.1%
    Financial
    n.a.
    n.a.
    n.a.
    20.5%
    20.5%
    Banking
    n.a.
    n.a.
    n.a.
    19.6%
    19.6%
    Financial Services
    n.a.
    n.a.
    n.a.
    1.0%
    1.0%
    Utility
    n.a.
    n.a.
    n.a.
    7.7%
    7.7%
    Quasi & Foreign Government
    n.a.
    n.a.
    n.a.
    5.2%
    5.2%
    Government Guaranteed
    n.a.
    n.a.
    n.a.
    2.1%
    2.1%
    Local-Authority
    n.a.
    n.a.
    n.a.
    1.7%
    1.7%
    Agency
    n.a.
    n.a.
    n.a.
    1.3%
    1.3%
    CASH
    n.a.
    n.a.
    n.a.
    0.6%
    0.6%
    Total
    n.a.
    n.a.
    n.a.
    100.0%
    100.0%
  •  

    130-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.

    212-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 Diversified High Yield US Emerging Markets 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 includes all Euro members, Australia, Canada, Japan, New Zealand, Norway, 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 

    An investment in the Fund may be subject to risk which include, among others, credit risk, call risk, interest rate

    risk, and quasi-sovereign defaults, all of which may adversely affect the Fund. High yield bonds may be subject

    to greater risk of loss of income and principal and are likely to be more sensitive to adverse economic changes

    than higher rated securities. International investing involves additional risks which include greater market

    volatility, the availability of less reliable financial information, higher transactional and custody costs, taxation

    by foreign governments, decreased market liquidity and political instability. Changes in currency exchange

    rates may negatively impact the Fund's return. 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.

    The Fund's assets may be concentrated in a particular sector and may be subject to more risk than investments

    in a diverse group of sectors.

     

    Merrill Lynch, Pierce, Fenner & Smith Incorporated and its affiliates ("BofA Merrill Lynch") indices and related

    information, the name "BofA 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 

    Van Eck Securities Corporation, Distributor
    335 Madison Avenue, 19th Floor
    New York, NY 10017
    800.826.2333

    © 2015 Van Eck Securities Corporation. All rights reserved.  

© Van Eck Global. All rights reserved.