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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 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
  • Detalles

     

    Fondo

    Al May 22, 2015

    Símbolo del fondo
    HYEM
    ISIN
    US57061R4039
    NAV intradiario (IIV)
    HYEMIV
    Símbolo del índice
    EMLH
    Bolsa
    NYSE Arca
    Fecha de inicio
    05/08/2012
    Relación de gastos brutos*
    0.53%
    Relación de gastos netos*
    0.40%
    Number Of Holdings
    364
    52 Weeks High/Low NAV
    26.46/22.44


    Activos bajo gestión
    $424.6M
    Rendimiento promedio en el peor escenario
    7.39
    Rendimiento promedio al vencimiento
    7.57
    Avg Effective Duration
    3.95
    Duración promedio modificada
    4.16
    Promedio de años hasta el vencimiento
    5.37
    Cupón promedio
    6.87
    Opciones
    Expected
    * Por contrato, se ha fijado un tope para los gastos hasta el 09/01/2016. El tope excluye determinados gastos, tales como los intereses.
    Índice

    Al May 22, 2015
    Símbolo del índice
    EMLH
    Fecha de lanzamiento
    03/03/2015
    Rendimiento promedio en el peor escenario
    7.58
    Rendimiento promedio al vencimiento
    7.75
    Avg Effective Duration
    3.92
    Duración promedio modificada
    4.13
    Promedio de años hasta el vencimiento
    5.44
    Cupón promedio
    6.96
    Number of Constituents
    493
    Valor de mercado
    $ 0.00 B
  • Cotización de los fondos

     

    Al 22 de may de 2015
    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 $24.69
    $24.67
    53,782
    $0.01
    +0.0%

    $0.04
    +0.2%
    + 9.3%
    + 10.5%

    $-0.02
    -0.07%
    Chart Export 0.53/0.40
  • 10 valores principales

     

    Al May 22, 2015 | TOTAL HOLDINGS: 364
    Tenencia
    Cupón
    Vencimiento
    Composite Rating
    % del activo neto
    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
    0.97%
    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+
    0.91%
    Russian Federation
    USD
    Petrobras Global Finance Bv
    4.375
    05/20/2023
    BB+
    0.91%
    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 0.97
    ■   Dlltd 8 1/4 09/30/20 0.96
    ■   Vedln 8 1/4 06/07/21 0.92
    ■   Vebbnk 6.902 07/09/20 0.91
    ■   Petrobras Global Finance Bv 0.91
    ■   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 9.30
    Al May 22, 2015 |TODOS LOS COMPONENTES: 494
    Tenencia
    Cupón
    Vencimiento
    Ponderación
    DIGICEL GROUP LTD DLLTD
    8.250
    09/30/2020
    0.97%
    ESKOM HOLDINGS SOC LTD
    0.000
    01/26/2021
    0.81%
    PDVSA 8.5 11/02/17 144A PDVSA
    8.500
    11/02/2017
    0.74%
    YPF SOCIEDAD ANONIMA
    0.000
    01/01/1900
    0.71%
    PLNIJ 7.75 01/20/20 144A PLNIJ
    7.750
    01/20/2020
    0.69%
    VTR FINANCE BV
    6.875
    01/15/2024
    0.69%
    BANCOLOMBIA SA BANCOL
    5.125
    09/11/2022
    0.68%
    YPF SOCIEDAD ANONIMA
    8.750
    04/04/2024
    0.64%
    ANGLOGOLD HOLDINGS PLC ANGSJ
    8.500
    07/30/2020
    0.64%
    COLUMBUS INTL INC
    7.375
    03/30/2021
    0.63%
    HOLDINGS % OF NET ASSETS
    ■   Digicel Group Ltd 0.97
    ■   Eskom Holdings Soc Ltd 0.81
    ■   Petroleos De Venezuela S 0.74
    ■   Ypf Sociedad Anonima 0.71
    ■   Majapahit Holding Bv 0.69
    ■   Vtr Finance Bv 0.69
    ■   Bancolombia Sa 0.68
    ■   Ypf Sociedad Anonima 0.64
    ■   Anglogold Holdings Plc 0.64
    ■   Columbus Intl Inc 0.63
    Total 7.20
  • Rendimiento SEC a 30 meses1

     

    Al May 22, 2015
    Rendimiento SEC a 30 meses1
    7.38%
  • Rendimiento de la distribución 2

     

    Al May 22, 2015
    Rendimiento de la distribución 2
    6.92%
  • Historial de rendimiento (%)

    Al 30 de abr de 2015
    1 MES3 MESESDESDE PRINCIPIOS DE AÑO1 AÑO3 AÑOS†5 AÑOS†10 AÑOS†POR LA VIDA*
    ÍNDICE
    HYEM
    5.01n/cn/cn/cn/cn/cn/c6.17
    FONDO/NAV4.769.238.011.94n/cn/cn/c5.48
    FONDO/Precio de la acción4.319.328.330.46n/cn/cn/c5.14
    Rendimiento total después de impuestos, sin ventan/cn/cn/c-0.93n/cn/cn/c2.86
    Rendimiento total después de impuestos, con ventan/cn/cn/c1.07n/cn/cn/c3.05
    Al 30 de abr de 2015
    1 MES3 MESESDESDE PRINCIPIOS DE AÑO1 AÑO3 AÑOS†5 AÑOS†10 AÑOS†POR LA VIDA*
    ÍNDICE
    HYEM
    5.01n/cn/cn/cn/cn/cn/c6.17
    FONDO/NAV4.769.238.011.94n/cn/cn/c5.48
    FONDO/Precio de la acción4.319.328.330.46n/cn/cn/c5.14
    Rendimiento total después de impuestos, sin ventan/cn/cn/c-0.93n/cn/cn/c2.86
    Rendimiento total después de impuestos, con ventan/cn/cn/c1.07n/cn/cn/c3.05
    *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

     

    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
  • 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. 

  • Index Maturity Breakdown

     

    As of 22 de may de 2015
    YEARS
    30 +
    2.6%
    20 - 30
    2.2%
    15 - 20
    0.5%
    10 - 15
    1.9%
    7 - 10
    19.6%
    5 - 7
    24.5%
    3 - 5
    27.2%
    1 - 3
    19.8%
    < 1
    1.0%
    0%5%10%15%20%25%30%35%
  • Composición por sector industrial del Índice

     

    Al May 22, 2015
    Sector/Industria
    Divisa
    Total
    CAD
    EUR
    GBP
    USD ($)
    Industrials
    n/c
    n/c
    n/c
    66.0%
    66.0%
    Energy
    n/c
    n/c
    n/c
    17.3%
    17.3%
    Basic Industry
    n/c
    n/c
    n/c
    16.0%
    16.0%
    Real Estate
    n/c
    n/c
    n/c
    10.3%
    10.3%
    Telecommunications
    n/c
    n/c
    n/c
    7.4%
    7.4%
    Consumer Goods
    n/c
    n/c
    n/c
    4.5%
    4.5%
    Transportation
    n/c
    n/c
    n/c
    2.1%
    2.1%
    Media
    n/c
    n/c
    n/c
    1.9%
    1.9%
    Leisure
    n/c
    n/c
    n/c
    1.6%
    1.6%
    Retail
    n/c
    n/c
    n/c
    1.5%
    1.5%
    Technology & Electronics
    n/c
    n/c
    n/c
    1.2%
    1.2%
    Capital Goods
    n/c
    n/c
    n/c
    1.1%
    1.1%
    Automotive
    n/c
    n/c
    n/c
    0.8%
    0.8%
    Healthcare
    n/c
    n/c
    n/c
    0.2%
    0.2%
    Services
    n/c
    n/c
    n/c
    0.1%
    0.1%
    Financial
    n/c
    n/c
    n/c
    20.5%
    20.5%
    Banking
    n/c
    n/c
    n/c
    19.6%
    19.6%
    Financial Services
    n/c
    n/c
    n/c
    1.0%
    1.0%
    Utility
    n/c
    n/c
    n/c
    7.7%
    7.7%
    Quasi & Foreign Government
    n/c
    n/c
    n/c
    5.2%
    5.2%
    Government Guaranteed
    n/c
    n/c
    n/c
    2.2%
    2.2%
    Local-Authority
    n/c
    n/c
    n/c
    1.7%
    1.7%
    Agency
    n/c
    n/c
    n/c
    1.4%
    1.4%
    CASH
    n/c
    n/c
    n/c
    0.6%
    0.6%
    Total
    n/c
    n/c
    n/c
    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 

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    800.826.2333

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