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EM Aggregate Bond ETF EMAG

  • Full Name: Market Vectors® Emerging 
    Markets Aggregate Bond ETF (EMAG®)

    Management Style: Sampling

    Underlying Index: Market Vectors EM Aggregate Bond Index (MVEMAG)

    Index Provider: Market Vectors Index Solutions

    Index Description: MVEMAG is comprised of sovereign bonds and corporate bonds denominated in USD (U.S. dollars), (EUR) euros, or Local Emerging Markets Currencies, and includes both investment grade and below investment grade rated securities. 

  •  
      

    • Fund Ticker

      EMAG
    • Exchange

      NYSE Arca
    • Commencement

      05/11/2011
    • ETF Structure

      Physical
    • Administrator

      Van Eck Associates
    • Custodian

      Bank of New York Mellon
    • Index Ticker

      MVEMAG
    • Commencement Date

      05/11/2011

    Effective December 10, 2013, Market Vectors® LatAm Aggregate Bond ETF (BONO) changed its underlying index and changed its name to Market Vectors Emerging Markets Aggregate Bond ETF (EMAG). See details below. 

  •  
    as of 10/24/14

    • 30-Day SEC Yield1

      4.47%
    • Total Net Assets

      $17.7M
    • Number of Holdings

      141
    • Options

      Expected
    • Gross Expense Ratio2

      1.34%
    • Net Expense Ratio/TER2

      0.50%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      10/31/2014
  • Morningstar™ Ratings3
    as of 9/30/14

    Category Overall 3 Year 5 Year
    Emerging Markets Bond
       
    3 stars of 200 Funds
       
    3 stars of 200 Funds
    --
  • Key Points

    • Most Comprehensive Exposure to Emerging Markets Bonds 

    • Fundamental Strength and Attractive Yield Potential

    • Diversified by Currency and Credit Quality 
  • Yields
    as of 10/24/14

    • 30-Day SEC Yield1

      4.47%
    • Distribution Yield1

      4.58%
    • 12-Month Yield1

      4.51%
     1 See Important Disclosure for definitions.
  • Fees & Expenses2

    • Management Fee

      0.35%
    • Other Expenses

      0.99%
    • Acquired Fund Fees and Expenses

      --
    • Gross Expense Ratio

      1.34%
    • Fee Waivers and
      Expense Reimbursement

      -0.84%
    • Net Expense Ratio/TER2

      0.50%
    2Expenses for EMAG are capped contractually at 0.49% 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

      EMAG
    • Index Total Return Ticker

      MVEMAG
    • NAV

      EMAGNV
    • Intraday NAV (IIV)5

      EMAGIV
    • Shares Outstanding

      750,000
    • Estimated Cash

      EMAGEU
    • Total Cash

      EMAGTC
    • CUSIP

      57060U431
    • ISIN

      US57060U4316
    5See IIV Details. Source: Bloomberg
  • Fundamentals4
    as of 10/23/14

    • Yield to Worst

      7.39%
    • Yield to Maturity

      7.39%
    • Effective Duration (yrs)

      5.27
    • Modified Duration (yrs)

      5.36
    • Years to Maturity

      8.24
    • Coupon

      9.71%
     4 See Important Disclosure for definitions.
  • Prices as of 10/24/2014

    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
    EMAG $23.59
    $23.46
    90
    90
    $0.03 / +0.14%
    $0.00 / +0.00%
    + 2.1%
    + 1.1%

    $-0.13
    -0.57%
  • 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
    05/11/11**
    EMAG (NAV) -3.08 -3.34 3.08 2.75 4.62 -- -- 2.77
    EMAG (Share Price) -2.29 -1.96 2.01 2.98 4.65 -- -- 2.57
    MVEMAG (Index)** -3.07 -3.13 3.55 3.87 6.40 -- -- 4.53
    Performance Differential (NAV - Index) -0.01 -0.21 -0.47 -1.12 -1.78 -- -- -1.76
    After Tax Held -- -- -- 1.14 -- -- -- 1.19
    After Tax Sold -- -- -- 1.56 -- -- -- 1.51
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    05/11/11**
    EMAG (NAV) -3.08 -3.34 3.08 2.75 4.62 -- -- 2.77
    EMAG (Share Price) -2.29 -1.96 2.01 2.98 4.65 -- -- 2.57
    MVEMAG (Index) -3.07 -3.13 3.55 3.87 6.40 -- -- 4.53
    Performance Differential (NAV - Index) -0.01 -0.21 -0.47 -1.12 -1.78 -- -- -1.76
    After Tax Held -- -- -- 1.14 -- -- -- 1.19
    After Tax Sold -- -- -- 1.56 -- -- -- 1.51
  • View All Holdings »Top 10 Holdings (%)as of 09/30/14

    Total Holdings: 141
    Holding Name
    Coupon
    Maturity
    Composite
    Rating
    Country
    Currency
    % of Net
    Assets
    Mexican Bonos
    8.000
    06/11/2020
    A-
    Mexico
    MXN
    2.58
    Colombia Government International Bond
    7.750
    04/14/2021
    BBB
    Colombia
    COP
    1.92
    Brazil Letras Do Tesouro Nacional
    0.000
    01/01/2016
    BBB
    Brazil
    BRL
    1.61
    Cnooc Finance 2012 Ltd
    3.875
    05/02/2022
    AA-
    China
    USD
    1.49
    Poland Government Bond
    5.750
    04/25/2029
    A
    Poland
    PLN
    1.44
    Thailand Government Bond
    3.625
    06/16/2023
    BBB+
    Thailand
    THB
    1.39
    Hutchison Whampoa International 09 Ltd
    7.625
    04/09/2019
    A-
    Hong Kong
    USD
    1.37
    Russian Federal Bond - Ofz
    8.152
    02/03/2027
    BBB
    Russian Federation
    RUB
    1.36
    Poland Government Bond
    5.500
    04/25/2015
    A
    Poland
    PLN
    1.35
    Poland Government Bond
    2.500
    07/25/2018
    A
    Poland
    PLN
    1.32
    Top 10 Total (%)15.83

    †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 09/30/14

    • Country

      % of Net Assets
    • BRAZIL

      9.6
    • MEXICO

      9.6
    • CHINA

      7.7
    • RUSSIA

      7.4
    • TURKEY

      5.7
    • COLOMBIA

      5.2
    • INDONESIA

      5.1
    • POLAND

      4.8
    • MALAYSIA

      4.4
    • THAILAND

      4.2
    • SOUTH AFRICA

      4.2
    • UAE

      3.4
    • ISRAEL

      3.0
    • QATAR

      2.4
    • CZECH

      2.3
    • HUNGARY

      2.0
    • VENEZUELA

      1.8
    • PERU

      1.6
    • INDIA

      1.4
    • ROMANIA

      1.2
    • Other

      13.0
  • Currency Exposure (%)
    as of 09/30/14

    • U.S. Dollar

      51.24
    • Mexican Peso

      4.77
    • Euro

      4.66
    • Brazilian Real

      4.36
    • Polish Zloty

      4.11
    • Malaysian Ringgit

      3.60
    • Thai Baht

      3.42
    • South African Rand

      3.35
    • Colombian Peso

      3.14
    • Russian Ruble

      3.10
    • Turkish Lira

      2.76
    • Indonesian Rupiah

      2.61
    • Israeli Shekel

      2.44
    • Czech Koruna

      1.59
    • Hungarian Forint

      1.39
    • New Romanian Leu

      0.80
    • Nigeria Naira

      0.72
    • China Renminbi

      0.47
    • Peruvian New Sol

      0.45
    • Chilean Peso

      0.09
    • Other

      0.93
    • Total

      100.00
  • Sector Weightings (%)
    as of 09/30/14

    • Sector

      % of Net Assets
    • Government

      60.7
    • Financial

      12.6
    • Energy

      10.5
    • Basic Materials

      4.1
    • Utilities

      3.6
    • Communications

      3.4
    • Diversified

      2.0
    • Consumer, Non-cyclical

      1.6
    • Other

      1.5
  • Credit Quality (%)
    as of 09/30/14

    Composite % of Net Assets
    Investment Grade AA 5.23
    A 22.63
    BBB 43.86
    Non-Investment Grade BB 10.53
    B 4.02
    CCC 1.33
    Total Investment Grade 71.72
    Total Non-Investment Grade 15.88
    Not rated 12.40
    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 09/30/14

    Average Portfolio Maturity: 6.92 Years