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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 Provider: BofA Merrill Lynch

    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
    • Commencement

      04/02/2012
    • ETF Structure

      Physical
    • Administrator

      Van Eck Associates
    • Custodian

      Bank of New York Mellon
    • Index Ticker

      HXUS
    • Index Rebalancing

      Monthly
    • Preliminary NAIC
      Designation7

      3
  •  
    as of 08/29/14

    • 30-Day SEC Yield1

      4.70%
    • Total Net Assets

      $207.9M
    • Number of Holdings

      486
    • Options

      Expected
    • Gross Expense Ratio2

      0.58%
    • Net Expense Ratio/TER2

      0.40%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      09/30/2014
    1, 2, 7 See Important Disclosure
  • Country Weightings (%)
    as of 07/31/14

    • Country

      % of Net Assets
    • FRANCE

      10.5
    • UNITED KINGDOM

      10.4
    • ITALY

      10.2
    • GERMANY

      6.9
    • LUXEMBOURG

      6.0
    • CHINA

      4.8
    • CANADA

      4.5
    • BRAZIL

      4.1
    • U.S.

      3.9
    • NETHERLANDS

      3.3
    • SPAIN

      3.2
    • VENEZUELA

      2.9
    • RUSSIA

      2.4
    • MEXICO

      2.2
    • PORTUGAL

      1.9
    • SWITZERLAND

      1.4
    • COLOMBIA

      1.2
    • INDONESIA

      1.2
    • GREECE

      1.0
    • BERMUDA

      1.0
    • Other

      17.2
  • Portfolio Composition (%)
    as of 07/31/14

    • % of Net Assets
    • Stocks

      0.00
    • Bonds

      98.86
    • Other

      0.00
    • Cash

      1.14
  • Currency Exposure (%)
    as of 07/31/14

    • U.S. Dollar

      52.88
    • Euro

      38.04
    • British Pound

      6.77
    • Canadian Dollar

      1.17
    • Other

      1.14
    • Total

      100.00
  • Credit Quality (%)
    as of 07/31/14

    Composite % of Net Assets
    Investment Grade BBB 0.68
    Non-Investment Grade BB 56.02
    B 27.98
    CCC 4.26
    CC 0.18
    C 0.17
    DD+ 0.01
    Total Investment Grade 0.68
    Total Non-Investment Grade 88.62
    Not rated 10.69
    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 07/31/14

    • 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 07/31/14

    • Sector

      % of Net Assets
    • Financial

      28.5
    • Communications

      16.8
    • Industrial

      11.4
    • Basic Materials

      10.3
    • Consumer, Cyclical

      8.7
    • Energy

      7.5
    • Consumer, Non-cyclical

      6.3
    • Utilities

      5.3
    • Diversified

      1.5
    • Technology

      0.6
    • Other

      3.2