Skip directly to Accessibility Notice

How to Purchase

Individual Investors

Subscribe to email updates

Subscribe Now

Financial Professionals

YMLI
VanEck Vectors High Income Infrastructure MLP ETF

Fund Description

VanEck Vectors® High Income Infrastructure MLP ETF (YMLI®) seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Solactive High Income Infrastructure MLP Index (YMLITR).

 
 

  • Fund Ticker

    YMLI
  • Exchange

    NYSE Arca
  • Commencement

    02/11/2013
  • ETF Structure

    Physical
  • Administrator

    Van Eck Associates
  • Custodian

    Bank of New York Mellon
  • Index Ticker

    YMLITR
  • Index Rebalancing

    Annual

 
as of 03/22/19

  • Total Net Assets

    $19.0M
  • Number of Holdings

    25
  • Options

    Expected
  • Management Fee2

    0.82%
  • Net Expense Ratio/TER2

    0.83%
  • Distribution Frequency

    Quarterly
  • Next Distribution Date

    05/10/19

Morningstar™ Ratings3
as of 02/28/19

Category Overall 3 Year 5 Year
Energy Limited Partnership
3 stars of 98 funds
4 stars of 98 funds
3 stars of 68 funds

Key Points

High Income Potential
Underlying index targets high income MLPs with attractive yield and distribution characteristics
Potential for Tax-Deferred Distributions 
Fund is taxed as a corporation, allowing for potentially tax-deferred distributions, but may underperform its index during appreciating MLP markets
Simplified Tax Reporting

Fund shareholders receive Form 1099 instead of the complicated K-1s associated with direct MLP investments

Yield
as of 02/28/19

  • 30-Day SEC Yield1

    7.95%
  • Distribution Yield1

    9.21%
  • 12-Month Yield1

    7.34%
 1 See Important Disclosure for definitions.
The 30-Day SEC Yield has been adjusted to reflect estimates for return of capital that would result in a reduction of income to the 30-Day SEC Yield calculation which may cause the yield to be negative.

Fees & Expenses2

  • Management Fee

    0.82%
  • Other Expenses

    --
  • Deferred Income Tax and Franchise Tax Expenses

    0.01%
  • Net Expense Ratio

    0.83%
Van Eck Associates Corporation (the “Adviser”) will pay all expenses of the Fund, except for the fee payment under the investment management agreement, acquired fund fees and expenses, interest expense, offering costs, trading expenses, taxes (including accrued deferred tax liability) and extraordinary expenses. Notwithstanding the foregoing, the Adviser has agreed to pay the offering costs until at least April 1, 2019. The Fund is classified for federal income tax purposes as a taxable regular corporation or Subchapter “C” corporation. As a “C” corporation, the Fund accrues deferred income tax liability for its future tax liability associated with the capital appreciation of its investments, with certain distributions received by the Fund on equity securities of Master Limited Partnerships (“MLPs”) considered to be return of capital, and with any net operating gains. The Fund’s accrued deferred tax liability, if any, is reflected each day in the Fund’s net asset value per share and may vary greatly from year to year depending on the nature of the Fund’s investments, the performance of those investments and general market conditions. Therefore, any estimate of deferred income tax expense/(benefit) cannot be reliably predicted from year to year. State franchise taxes are separate and distinct from state income taxes. Due to the nature of the Fund’s investments, the Fund may be required to file franchise tax returns in several states. The Fund is expected to absorb net operating losses and accrue net deferred tax expense primarily related to unrealized depreciation on investments and state franchise tax liability.

 

Tax Accrual
as of 03/22/2019

  • Net Deferred Tax Asset/(Liability) Before Valuation Allowance

    $2,413,615.43
  • Valuation Allowance

    $-2,413,615.43
  • Net Deferred Tax Asset/(Liability) After Valuation Allowance

    $0.00
  • Effective Tax Rate

    23.59%

Trading Information

  • Fund Ticker

    YMLI
  • Index Total Return Ticker

    YMLITR
  • NAV

    YMLINV
  • Intraday NAV (IIV)5

    YMLIIV
  • Shares Outstanding

    1,550,000
  • Estimated Cash

    YMLIEU
  • Total Cash

    YMLITC
  • CUSIP

    92189F569
  • ISIN

    US92189F5695

 

Prices as of 03/22/19

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
YMLI $12.24
$12.27
5,796
1,203
-$0.24 / -1.90%
$-0.19 / -1.52%
+12.72%
+13.57%
$0.03
0.26%

Performance History: Average Annual Total Returns* (%)

1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
02/12/13
YMLI (NAV) -0.27 1.64 9.79 4.34 13.29 -3.71 -- -1.23
YMLI (Share Price) 2.30 3.49 12.49 6.09 13.93 -3.33 -- -0.91
YMLITR (Index) -0.59 1.08 9.21 2.52 12.38 -4.30 -- -0.61
Performance Differential (NAV - Index) 0.32 0.56 0.58 1.82 0.91 0.59 -- -0.62
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
02/12/13
YMLI (NAV) -7.42 -14.94 -11.26 -11.26 3.53 -5.44 -- -2.82
YMLI (Share Price) -7.99 -14.73 -11.45 -11.45 3.38 -5.56 -- -2.89
YMLITR (Index) -7.44 -15.39 -12.97 -12.97 2.62 -5.89 -- -2.10
Performance Differential (NAV - Index) 0.02 0.45 1.71 1.71 0.91 0.45 -- -0.72

Top 10 Holdings (%) as of 02/28/19 Daily Holdings

Total Holdings: 24
Swipe
to view
full data
Holding Name
Ticker
Shares Market Value
(US$)
% of Net
Assets
Cheniere Energy Partners Lp
CQP US
23,524
1,042,819 5.83
Mplx Lp
MPLX US
29,525
979,049 5.48
Tc Pipelines Lp
TCP US
30,587
972,055 5.44
Nustar Energy Lp
NS US
36,939
957,089 5.35
Tallgrass Energy Lp
TGE US
37,489
848,376 4.75
Crestwood Equity Partners Lp
CEQP US
25,458
807,528 4.52
Genesis Energy Lp
GEL US
35,904
773,731 4.33
Bp Midstream Partners Lp
BPMP US
46,497
762,086 4.26
Enable Midstream Partners Lp
ENBL US
51,202
761,374 4.26
Cnx Midstream Partners Lp
CNXM US
47,722
740,168 4.14
Top 10 Total (%) 48.36
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Sector Weightings (%) as of 02/28/19

  • Sector

    % of Net Assets
  • Energy

    94.6
  • Other/Cash

    5.4

Currency Exposure (%)
as of 02/28/19

  • U.S. Dollar

    94.64
  • Other/Cash

    5.36

Country Weightings (%) as of 02/28/19

  • Country

    % of Net Assets
  • UNITED STATES

    91.49
  • NETHERLANDS

    3.15
  • Other/Cash

    5.36