• 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 03/04/15

    • 30-Day SEC Yield1

      9.66%
    • Total Net Assets

      $394.2M
    • Number of Holdings

      357
    • Options

      Expected
    • Gross Expense Ratio2

      0.53%
    • Net Expense Ratio/TER2

      0.40%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      03/31/2015
    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.

    Index provider: BofA Merrill Lynch

  • Index Profile

    • Ticker

      EMHY
    • Inception Date

      02/04/2011
    • Rebalance Frequency

      Monthly
  • Index Fundamentals4
    as of 03/03/15

    • Yield to Worst

      9.75%
    • Yield to Maturity

      9.82%
    • Effective Duration (yrs)

      3.89
    • Modified Duration (yrs)

      4.06
    • Years to Maturity

      5.63
    • Coupon

      6.87%
     4 See Important Disclosure for definitions.
  • Top 10 Constituents (%)as of 02/28/15

    Total Constituents: 478
    Constituent Name
    Coupon
    Maturity Weighting (%)
    Petroleos De Venezuela S
    8.500
    11/02/2017
    1.93
    Digicel Group Ltd
    8.250
    09/30/2020
    0.96
    Eskom Holdings Soc Ltd
    0.000
    01/26/2021
    0.80
    Petroleos De Venezuela S
    0.000
    05/16/2024
    0.78
    Petroleos De Venezuela S
    12.750
    02/17/2022
    0.74
    Sberbank (Sb Cap Sa)
    0.000
    10/29/2022
    0.73
    Cemex Finance Llc
    9.375
    10/12/2022
    0.70
    Petroleos De Venezuela S
    6.000
    11/15/2026
    0.70
    Bancolombia Sa
    5.125
    09/11/2022
    0.68
    Vtr Finance Bv
    6.875
    01/15/2024
    0.68
    Top 10 Total (%)8.70
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.
  • Index Country Weightings (%) as of 02/28/15

    • Country

      % of Net Assets
    • RUSSIA

      16.8
    • BRAZIL

      7.9
    • MEXICO

      7.5
    • CHINA

      7.5
    • NA / UNDEFINED

      6.5
    • SOUTH AFRICA

      5.0
    • INDIA

      4.9
    • VENEZUELA

      4.9
    • INDONESIA

      4.7
    • TURKEY

      3.9
    • COLOMBIA

      3.0
    • ARGENTINA

      2.7
    • JAMAICA

      2.0
    • UAE

      1.8
    • HONG KONG

      1.8
    • UKRAINE

      1.6
    • KAZAKHSTAN

      1.4
    • PERU

      1.3
    • U.S.

      1.3
    • CHILE

      1.2
    • OTHERS

      12.4
  • Index Sector Weightings (%) as of 02/28/15

    • Sector

      % of Net Assets
    • Financial

      33.8
    • Energy

      14.1
    • Basic Materials

      11.9
    • Communications

      11.2
    • Industrial

      7.5
    • Utilities

      7.2
    • Consumer, Non-cyclical

      5.1
    • Consumer, Cyclical

      4.5
    • Government

      2.7
    • Diversified

      0.6
    • OTHERS

      1.4
  • Index Credit Quality (%)
    as of 02/28/15

    Composite % of Net Assets
    Investment Grade BBB 1.64
    Non-Investment Grade BB 56.66
    B 26.95
    CCC 6.22
    CC 0.02
    Total Investment Grade 1.64
    Total Non-Investment Grade 89.84
    Not Rated 8.51
    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 02/28/15

    Average Maturity: 5.63 Years