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International High Yield Bond ETF IHY

  • Full Name: Market Vectors®
    International High Yield Bond ETF (IHY)

    Management Style: Sampling

    Underlying Index: The BofA Merrill Lynch Global ex-US Issuers High Yield Constrained Index (HXUS)

    Index Description: HXUS is comprised of below investment-grade debt issued by corporations located throughout the world (which may include emerging market countries) excluding the United States denominated in Euros, U.S. dollars, Canadian dollars or pound sterling issued in the major domestic or Eurobond markets.

  •  
     

    • Fund Ticker

      IHY
    • Exchange

      NYSE Arca
    • Index Total Return Ticker

      HXUS
    • Index Provider

      BofA Merrill Lynch
    • Total Net Assets

      $160.4M
    • Shares Outstanding

      5,800,000
    • Number of Holdings

      402
    • Commencement Date

      04/02/2012
  •  
    as of 04/23/14

    • 30-Day SEC Yield1

      4.31%
    • Distribution Frequency

      Monthly
    • Gross Expense Ratio2

      0.52%
    • Net Expense Ratio2

      0.40%
    • Options

      Expected
    • Preliminary NAIC Designation7

      3
    • Management Team »
    • IHY Fact Sheet »
    1, 2, 7 See Important Disclosure
  • Country Weightings (%)
    as of 03/31/14

    • Country

      % of Net Assets
    • UNITED KINGDOM

      10.5
    • FRANCE

      9.3
    • ITALY

      9.2
    • LUXEMBOURG

      7.3
    • GERMANY

      7.0
    • CHINA

      4.7
    • CANADA

      4.3
    • BRAZIL

      4.2
    • NETHERLANDS

      3.6
    • U.S.

      3.5
    • RUSSIA

      3.2
    • PORTUGAL

      2.9
    • SPAIN

      2.7
    • MEXICO

      2.2
    • VENEZUELA

      1.7
    • SWITZERLAND

      1.7
    • INDONESIA

      1.5
    • COLOMBIA

      1.5
    • AUSTRALIA

      1.1
    • IRELAND

      1.0
    • Other

      17.1
    • Total

      100.2
  • Portfolio Composition (%)
    as of 03/31/14

    • % of Net Assets

    • Stocks

      0.00
    • Bonds

      98.64
    • Other

      0.00
    • Cash

      1.36
    • Total

      100.00
  • Currency Exposure (%)
    as of 03/31/14

    • U.S. Dollar

      50.71
    • Euro

      39.26
    • British Pound

      7.41
    • Canadian Dollar

      1.26
    • Other

      1.36
    • Total

      100.00
  • Credit Quality (%)
    as of 03/31/14

    Composite % of Net Assets
    Investment Grade BBB 1.00
    Non-Investment Grade BB 59.07
    B 27.64
    CCC 4.43
    CC 0.14
    C 0.21
    DD+ 0.01
    Total Investment Grade 1.00
    Total Non-Investment Grade 91.51
    Not rated 7.49
    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.
  • 3-YR Risk Measures*
    as of 03/31/14

    • Beta vs. S&P 500 Index

    • Correlation vs. S&P 500 Index

    • Volatility (Standard Deviation)

    • Sharpe Ratio

    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 03/31/14

    • Sector

      % of Net Assets
    • Financial

      28.0
    • Communications

      17.5
    • Industrial

      12.0
    • Basic Materials

      11.2
    • Consumer, Cyclical

      10.5
    • Consumer, Non-cyclical

      6.1
    • Energy

      5.6
    • Utilities

      5.4
    • Diversified

      1.6
    • Technology

      0.8
    • Other

      1.4
    • Total

      100.1