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THHY Market Vectors Treasury-Hedged High Yield Bond ETF

  • Fund Description

    The Market Vectors® Treasury-Hedged High Yield Bond ETF (THHY®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors® U.S. Treasury-Hedged High Yield Bond Index (MVTHHY) , which was designed to provide exposure to below investment grade corporate bonds, denominated in U.S. dollars.

  •  
      

    • 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 02/11/16

    • 30-Day SEC Yield1

      7.83%
    • Total Net Assets

      $4.0M
    • Number of Holdings

      119
    • Options

      Expected
    • Gross Expense Ratio2

      1.44%
    • Net Expense Ratio/TER2

      0.50%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      02/29/2016
  • Key Points

    • Designed to hedge the risk of rising interest rates while offering income potential from high-yield bonds 

    • Offers near-zero duration by tracking an index that combines high-yield bonds with short positions in 5-Year U.S. Treasury notes 

    • Presents relatively greater risk of loss than unhedged high-yield bond funds in "risk-off" environment: when U.S. Treasuries rally and high-yield bonds decline
  • Yield
    as of 02/11/16

    • 30-Day SEC Yield1

      7.83%
    • Distribution Yield1

      5.39%
    • 12-Month Yield1

      5.38%
     1 See Important Disclosure for definitions.
  • Fees and Expenses2

    • Management Fee

      0.45%
    • Other Expenses

      0.99%
    • Short Interest Expense and Cost to Borrow

      --
    • Acquired Fund Fees and Expenses

      --
    • Gross Expense Ratio

      1.44%
    • Fee Waivers and
      Expense Reimbursement

      -0.94%
    • Net Expense Ratio/TER2

      0.50%
    2Expenses for the Fund are capped contractually at 0.50% until 09/01/16. Cap excludes certain expenses, such as interest and costs to borrow on securities sold short.
  • Trading Information

    • Fund Ticker

      THHY
    • Index Total Return Ticker

      MVTHHY
    • NAV

      THHYNV
    • Intraday NAV (IIV)5

      THHYIV
    • Shares Outstanding

      200,000
    • Estimated Cash

      THHYEU
    • Total Cash

      THHYTC
    • CUSIP

      57061R775
    • ISIN

      US57061R7750
    5See IIV Details. Source: Bloomberg
  • Fundamentals4
    as of 02/10/16

    • Yield to Worst

      8.23%
    • Yield to Maturity

      8.29%
    • Effective Duration (yrs)

      -0.09
    • Years to Maturity (yrs)

      9.99
    • Coupon

      6.51%
     4 See Important Disclosure for definitions.
  • Prices as of 02/11/16

    NAV/
    Last Price
    Volume
    30-Day Avg./
    Last Trading Day
    Daily Change
    NAV/
    Last Price
    YTD Change
    NAV/
    Last Price
    Premium/
    Discount
    Prem/Discount
    Distribution Charts
    NAV &
    Prem/Discount
    History
    NAV
    Chart
    THHY $20.13
    $20.28
    400
    0
    $-0.28 / -1.37%
    $0.00 / +0.00%
    -7.6%
    -6.3%
    $0.15
    0.75%
  • View All Indices » View All ETFs » Performance History: Average Annual Total Returns* (%)

    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    03/21/13
    THHY (NAV) -2.75 -5.95 -2.75 -7.07 -- -- -- -1.28
    THHY (Share Price) -2.40 -6.21 -2.40 -10.00 -- -- -- -1.38
    MVTHHY (Index) -3.40 -7.27 -3.40 -7.91 -- -- -- -1.37
    Performance Differential (NAV - Index) 0.65 1.32 0.65 0.84 -- -- -- 0.09
    After Tax Held -2.94 -6.45 -2.94 -8.89 -- -- -- -3.11
    After Tax Sold -1.55 -3.35 -1.55 -3.92 -- -- -- -1.73
    Quarter End as of 12/31/15
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    03/21/13
    THHY (NAV) -2.40 0.69 -5.21 -5.21 -- -- -- -0.33
    THHY (Share Price) -2.59 0.13 -7.04 -7.04 -- -- -- -0.56
    MVTHHY (Index) -2.17 0.03 -5.75 -5.75 -- -- -- -0.17
    Performance Differential (NAV - Index) -0.23 0.66 0.54 0.54 -- -- -- -0.16
    After Tax Held -2.56 0.17 -7.09 -7.09 -- -- -- -2.16
    After Tax Sold -1.35 0.39 -2.89 -2.89 -- -- -- -1.03
  • Daily Holdings »Top 10 Long Holdings (%)as of 01/31/16

    Total Holdings: 119
    Holding Name
    Coupon
    Maturity
    Composite
    Rating
    Currency
    % of Net
    Assets
    Hca Inc
    6.500
    02/15/2020
    BB+
    USD
    2.93
    Ally Financial Inc
    8.000
    11/01/2031
    BB
    USD
    2.54
    Dish Dbs Corp
    5.875
    07/15/2022
    BB-
    USD
    2.22
    Bank Of America Corp
    8.000
    12/29/2049
    BB+
    USD
    1.83
    Reynolds Group Issuer Inc / Reynolds Gr
    5.750
    10/15/2020
    B+
    USD
    1.77
    T-Mobile Usa Inc
    6.625
    04/01/2023
    BB-
    USD
    1.65
    Tenet Healthcare Corp
    4.750
    06/01/2020
    BB-
    USD
    1.61
    Sprint Nextel Corp
    8.375
    08/15/2017
    B
    USD
    1.59
    Centurylink Inc
    5.800
    03/15/2022
    BB
    USD
    1.50
    Cco Holdings Llc / Cco Holdings Capital
    6.500
    04/30/2021
    B+
    USD
    1.35
    Top 10 Total (%)18.98

    These are not recommendations to buy or to sell any security. Securities and holdings may vary.

  • View All Holdings »Short Holdings as of 01/31/16

    Total Holdings: 1
    Holding Name
    Contracts
    Notional Amount
    (US$)
    Market Value
    (US$)
    Us 5yr Note (Cbt) Mar16
    -39
    -4,706,203-4,706
    Total-4,706

    These are not recommendations to buy or to sell any security. Securities and holdings may vary.

  • Credit Quality (%)
    as of 01/31/16

    Composite % of Net Assets
    Investment Grade BBB 1.37
    Non-Investment Grade BB 59.82
    B 31.66
    CCC 6.07
    Total Investment Grade -- 1.37
    Total Non-Investment Grade -- 97.55
    Not Rated -- 0.93
    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.
  • Maturity (%) as of 01/31/16

    Average Portfolio Maturity: 10.01 Years

    *Maturity breakdown presented above only includes the Long Portfolio of the Fund. Years to Maturity is the length of time until a fixed-income investment returns its original investment.