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Treasury-Hedged High Yield Bond ETF THHY

  • 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.

  •  
      

    • Fund Ticker

      THHY
    • Exchange

      NYSE Arca
    • Commencement

      03/21/2013
    • ETF Structure

      Physical
    • Administrator

      Van Eck Associates
    • Custodian

      Bank of New York Mellon
    • Index Ticker

      MVTHHY
    • Index Rebalancing

      Monthly
  •  
    as of 11/20/14

    • 30-Day SEC Yield1

      4.62%
    • Total Net Assets

      $9.8M
    • Number of Holdings

      96
    • Options

      Expected
    • Gross Expense Ratio2

      1.78%
    • Net Expense Ratio/TER2

      0.50%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      11/28/2014
  • Credit Quality (%)
    as of 10/31/14

    Composite % of Net Assets
    Non-Investment Grade BB 50.40
    B 32.65
    CCC 12.63
    C 0.19
    Total Non-Investment Grade 95.86
    Not rated 4.14
    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. The credit breakdown presented above includes only the aggregate of the long positions.
  • 3-YR Risk Measures*
    as of 10/31/14

    • 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 10/31/14

    • Sector

      % of Net Assets
    • Communications

      23.8
    • Consumer, Non-cyclical

      18.7
    • Energy

      16.9
    • Financial

      16.4
    • Consumer, Cyclical

      11.6
    • Industrial

      5.5
    • Utilities

      2.8
    • Basic Materials

      1.8
    • Technology

      0.8
    • Other

      1.7