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High-Yield Municipal Index ETF HYD

  • Full Name: Market Vectors®
    High-Yield Municipal Index ETF (HYD®)

    Management Style: Sampling

    Underlying Index: The Barclays Municipal Custom High Yield Composite Index (LMEHTR)

    Index Provider: Barclays

    Index Description: LMEHTR is calculated using a market value weighting methodology and it tracks the high-yield municipal bond market with a 75% weight in non-investment grade municipal bonds and a 25% weight in Baa/BBB-rated investment grade municipal bonds for liquidity and balance.

  •  
      

    • Fund Ticker

      HYD
    • Exchange

      NYSE Arca
    • Commencement

      02/04/2009
    • ETF Structure

      Physical
    • Administrator

      Van Eck Associates
    • Custodian

      Bank of New York Mellon
    • Index Ticker

      LMEHTR
    • Index Rebalancing

      Monthly
    • Preliminary NAIC
      Designation7

      4
  •  
    as of 11/24/14

    • 30-Day SEC Yield1

      4.55%
    • Total Net Assets

      $1.4B
    • Number of Holdings

      762
    • Options

      Available
    • Gross Expense Ratio2

      0.35%
    • Net Expense Ratio/TER2

      0.35%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      11/28/2014

    1, 2, 7 See Important Disclosure

  • Geographical Weightings (%)
    as of 10/31/14

    • State

      % of Net Assets
    • CA

      9.2
    • NY

      7.3
    • TX

      7.3
    • FL

      7.0
    • OH

      4.9
    • NJ

      4.9
    • IL

      4.4
    • AZ

      4.2
    • PR

      3.7
    • PA

      3.5
    • VA

      3.3
    • IN

      3.3
    • MI

      3.0
    • AL

      2.6
    • DC

      2.4
    • IA

      2.1
    • KS

      2.1
    • LA

      1.8
    • KY

      1.8
    • CO

      1.7
    • Other

      19.5
  • Portfolio Composition (%)
    as of 10/31/14

    • % of Net Assets
    • Stocks

      0.00
    • Bonds

      100.01
    • Other

      0.00
    • Cash

      -0.01
  • Currency Exposure (%)
    as of 10/31/14

    • U.S. Dollar

      100.01
    • Other

      -0.01
    • Total

      100.00
  • Credit Quality (%)
    as of 10/31/14

    Composite % of Net Assets
    Investment Grade AA 0.07
    A 0.67
    BBB 27.81
    Non-Investment Grade BB 23.33
    B 17.99
    CCC 2.37
    Total Investment Grade 28.55
    Total Non-Investment Grade 43.69
    Not Rated 27.75
    Barclays Composite Rating: A blend of a security's Moody's, S&P, and Fitch ratings. If all three agencies rate the security, the middle rating is taken. If only two agencies rate a security, the lower rating is taken. If only one agency rates a security, that rating is used. Not rated indicates that a security is rated by fewer than one of the three rating agencies. This composite is not intended to be a credit opinion.
  • 3-YR Risk Measures*
    as of 10/31/14

    • Beta vs. S&P 500 Index

      0.09
    • Correlation vs. S&P 500 Index

      0.13
    • Volatility (Standard Deviation)

      6.62
    • Sharpe Ratio

      1.04

    Source: Van Eck Global, FactSet

    *Beta is a measure of sensitivity to market movements. Correlation measures the extent of linear association between the ETF performance and the index performance. Volatility is the annualized standard deviation of the ETF's monthly returns. Sharpe ratio measures risk-adjusted return, and represents the ETF's return less the risk free rate divided by the standard deviation. See S&P 500 Index definition.6

  • Sector Weightings (%)
    as of 10/31/14

    • Sector

      % of Net Assets
    • IDR/PCR

      34.2
    • Health Care Facilities

      30.2
    • Transportation

      11.7
    • Education

      8.9
    • Special Tax

      5.0
    • Water Utilities

      2.9
    • Leasing

      1.8
    • Power Utilities

      1.6
    • State General

      1.4
    • Local General

      0.8
    • Housing

      0.6