• Ticker:- HYEM;true;EMHY;
  • Ticker Group:- ETFFI_IB;false;;
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EM High Yield Bond ETF HYEM

  • Full Name: Market Vectors®
    Emerging Markets High Yield Bond ETF (HYEM)

    Management Style: Sampling

    Underlying Index: The BofA Merrill Lynch High Yield US Emerging Markets Liquid Corporate Plus Index (EMHY)

    Index Provider: BofA Merrill Lynch

    Index Description: EMHY 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.

  •  
      

    • Fund Ticker

      HYEM
    • Exchange

      NYSE Arca
    • Commencement

      05/08/2012
    • ETF Structure

      Physical
    • Administrator

      Van Eck Associates
    • Custodian

      Bank of New York Mellon
    • Index Ticker

      EMHY
    • Index Rebalancing

      Monthly
    • Preliminary NAIC
      Designation10

      3
  •  
    as of 10/24/14

    • 30-Day SEC Yield1

      7.66%
    • Total Net Assets

      $428.0M
    • Number of Holdings

      371
    • Options

      Expected
    • Gross Expense Ratio2

      0.53%
    • Net Expense Ratio/TER2

      0.40%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      10/31/2014
    1, 2, 10 See Important Disclosure
  • Index Key Points

    The BofA Merrill Lynch High Yield US Emerging Markets Liquid Corporate Plus Index (EMHY) 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: 
    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 2% issuer cap. Countries and issuers that exceed the limits are reduced to 10% and 2%, respectively, and the face value of each of their bonds is adjusted on a pro-rata basis. Similarly, the face values of bonds of all other countries and issuers that fall below their respective caps are increased on a pro-rata basis. In the event there are fewer than 10 countries in the Index, or fewer than 50 issuers, each is equally weighted and the face values of their respective bonds are increased or decreased on a pro-rata basis.

    Index provider: BofA Merrill Lynch

  • Index Profile
     

    • Ticker

      EMHY
    • Inception Date

      02/04/2011
    • Rebalance Frequency

      Monthly
  • Index Fundamentals4
    as of 10/23/14

    • Yield to Worst

      8.37%
    • Yield to Maturity

      8.55%
    • Effective Duration (yrs)

      3.95
    • Modified Duration (yrs)

      4.17
    • Years to Maturity

      5.57
    • Coupon

      7.24%
     4 See Important Disclosure for definitions.
  • Top 10 Constituents (%)as of 09/30/14

    Total Constituents: 427
    Constituent Name
    Coupon
    Maturity Weighting (%)
    Petroleos De Venezuela S
    8.500
    11/02/2017
    1.65
    Digicel Group Ltd
    8.250
    09/30/2020
    0.93
    Petroleos De Venezuela S
    0.000
    0.89
    Petroleos De Venezuela S
    12.750
    02/17/2022
    0.83
    Petroleos De Venezuela S
    6.000
    11/15/2026
    0.80
    Cemex Finance Llc
    9.375
    10/12/2022
    0.76
    Petroleos De Venezuela S
    5.250
    04/12/2017
    0.71
    Vtr Finance Bv
    6.875
    01/15/2024
    0.66
    Majapahit Holding Bv
    7.750
    01/20/2020
    0.66
    Petroleos De Venezuela S
    9.750
    05/17/2035
    0.66
    Top 10 Total (%)8.55
    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
    • RUSSIA

      13.4
    • CHINA

      9.0
    • MEXICO

      8.5
    • BRAZIL

      8.1
    • NA / UNDEFINED

      5.4
    • VENEZUELA

      5.4
    • INDONESIA

      4.7
    • INDIA

      4.1
    • TURKEY

      3.8
    • COLOMBIA

      3.4
    • SOUTH AFRICA

      3.4
    • ARGENTINA

      3.1
    • UKRAINE

      2.7
    • UAE

      2.3
    • JAMAICA

      1.9
    • HONG KONG

      1.8
    • KAZAKHSTAN

      1.8
    • CHILE

      1.4
    • COSTA RICA

      1.1
    • U.S.

      1.1
    • OTHERS

      13.5
  • Index Sector Weightings (%)
    as of 09/30/14

    • Sector

      % of Net Assets
    • Financial

      32.4
    • Energy

      15.5
    • Basic Materials

      11.6
    • Communications

      11.6
    • Industrial

      9.0
    • Utilities

      6.0
    • Consumer, Non-cyclical

      4.9
    • Consumer, Cyclical

      4.2
    • Government

      3.2
    • Diversified

      0.6
    • OTHERS

      0.9
  • Index Credit Quality (%)
    as of 09/30/14

    Composite % of Net Assets
    Investment Grade BBB 0.81
    Non-Investment Grade BB 52.80
    B 31.21
    CCC 7.62
    CC 0.26
    Total Investment Grade 0.81
    Total Non-Investment Grade 91.88
    Not Rated 7.31
    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: 5.63 Years