Market Vectors ETFs
Van Eck Mutual Funds
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Investment Grade Floating Rate ETF
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Full Name: Market Vectors®Treasury-Hedged High Yield Bond ETF (THHY)
Management Style: Sampling
Underlying Index: The Market Vectors® US Treasury-Hedged High Yield Bond Index (MVTHHY)
Index Provider: Market Vectors Index Solutions
Index Description: MVTHHY is designed to provide exposure to below investment grade corporate bonds, denominated in U.S. dollars; that are, through the use of Treasury notes, hedged against rising interest rates.
30-Day SEC Yield1
Total Net Assets
Number of Holdings
Gross Expense Ratio2
Net Expense Ratio/TER2
Next Distribution Date
Market Vectors US Treasury-Hedged High Yield Bond Index
positions in the Index are comprised of U.S. below-investment grade corporate
bond issues with a minimum outstanding of $500 million, denominated in U.S.
dollars, by issuers incorporated in the U.S. The short portfolio of the Index
comprises the cheapest-to-deliver 5-year United States Treasury note in the
equivalent dollar amount of the total long high-yield positions.
Index Weighting: Constituents comprising the long
positions in the Index are modified market capitalization-weighted issuers
capped at 3%. The excess weight shall be redistributed proportionately across
the other Long Portfolio constituents.
The short and long positions are
rebalanced on a monthly basis.
Index Provider: Market
Vectors Index Solutions
Yield to Worst
Yield to Maturity
Effective Duration (yrs)
Years to Maturity (yrs)
Average Portfolio Maturity: 7.94 Years