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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 10/22/14

    • 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
  • Index Key Points

    Market Vectors EM Aggregate Bond Index (MVEMAG) is comprised of: 

    Sovereign and corporate bonds denominated in U.S. dollars, Euros, and local emerging markets currencies.

    Index Weighting:
    Index constituents are capitalization-weighted, based on their current amount outstanding.

    Index Provider: Market Vectors Index Solutions

    Inception Date: 09/19/2013§   


    §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). Index data prior to December 9, 2013 reflects that of the BofA Merrill Lynch Broad Latin America Bond Index (LATS). From December 10, 2013, forward, the index data reflects that of the Market Vectors EM Aggregate Bond Index (MVEMAG). All Index history reflects a blend of the performance of the aforementioned Indexes AND IS NOT INTENDED FOR ANY THIRD PARTY USE. LATS is a trademark of Merrill Lynch, Pierce, Fenner & Smith Incorporation neither sponsors nor endorses EMAG and makes no warranty or representation as to the accuracy and/or completeness of this Index.

  • Index Profile
     

    • Ticker

      MVEMAG
    • Inception Date

      09/19/2013§
    • Rebalance Frequency

      Monthly
  • Index Fundamentals3
    as of 10/22/14

    • Yield to Worst

      5.55%
    • Yield to Maturity

      5.60%
    • Effective Duration (yrs)

      5.15
    • Modified Duration (yrs)

      5.41
    • Years to Maturity

      7.91
    • Coupon

      6.15%
     3 See Important Disclosure for definitions.
  • Top 10 Constituents (%)as of 09/30/14

    Total Constituents: 2177
    Constituent Name
    Coupon
    Maturity Weighting (%)
    Letra Tesouro Nacional
    0.000
    01/01/2016
    0.82
    Nota Do Tesouro Nacional
    10.000
    01/01/2017
    0.63
    Republic Of South Africa
    10.500
    12/21/2026
    0.60
    Titulos De Tesoreria B
    10.000
    07/24/2024
    0.52
    Titulos De Tesoreria B
    7.250
    06/15/2016
    0.43
    Nota Do Tesouro Nacional
    10.000
    01/01/2021
    0.41
    Nota Do Tesouro Nacional
    10.000
    01/01/2023
    0.41
    Mex Bonos Desarr Fix Rt
    10.000
    12/05/2024
    0.40
    Thailand Government Bond
    3.875
    06/13/2019
    0.40
    Letra Tesouro Nacional
    0.000
    07/01/2016
    0.39
    Top 10 Total (%)5.01
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.
  • Index Country Weightings (%)
    as of 09/30/14

    • Country

      % of Net Assets
    • MEXICO

      9.7
    • NA / UNDEFINED

      9.2
    • BRAZIL

      8.1
    • RUSSIA

      8.0
    • TURKEY

      5.1
    • CHINA

      4.4
    • INDONESIA

      4.4
    • POLAND

      4.4
    • SOUTH AFRICA

      4.2
    • THAILAND

      4.0
    • MALAYSIA

      3.8
    • UAE

      3.1
    • HONG KONG

      3.0
    • ISRAEL

      2.9
    • COLOMBIA

      2.3
    • CZECH

      2.3
    • INDIA

      2.2
    • HUNGARY

      1.8
    • QATAR

      1.7
    • VENEZUELA

      1.7
    • OTHERS

      13.4
  • Index Sector Weightings (%)
    as of 09/30/14

    • Sector

      % of Net Assets
    • Government

      58.4
    • Financial

      14.5
    • Energy

      9.3
    • Utilities

      3.7
    • Communications

      3.6
    • Basic Materials

      3.1
    • Industrial

      1.8
    • Consumer, Non-cyclical

      1.7
    • Diversified

      1.5
    • Financial

      1.2
    • OTHERS

      1.2
  • Index Credit Quality (%)
    as of 09/30/14

    Composite % of Net Assets
    Investment Grade AA 3.33
    A 18.62
    BBB 44.29
    Non-Investment Grade BB 10.46
    B 5.87
    CCC 1.32
    CC 0.05
    C --
    DD+ 0.01
    Total Investment Grade 66.23
    Total Non-Investment Grade 17.72
    Not Rated 16.05
    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 Maturity: 7.95 Years