Individual Investors

Subscribe to email updates

Subscribe now

Financial Professionals

Subscribe to email updates, or password protected financial professional-only content
email address/username
password

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 04/28/17

    • Total Net Assets

      $39.5M
    • Number of Holdings

      25
    • Options

      Expected
    • Management Fee2

      0.82%
    • Net Expense Ratio/TER2

      0.82%
    • Distribution Frequency

      Quarterly
    • Next Distribution Date

      05/12/17
  • Morningstar™ Ratings3
    as of 3/31/17

    Category Overall 3 Year 5 Year
    Energy Limited Partnership
       
    3 stars of 76 Funds
       
    3 stars of 76 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 03/31/17

    • 30-Day SEC Yield1

      -0.81%
    • Distribution Yield1

      7.51%
    • 12-Month Yield1

      7.04%
     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

      --
    • Net Expense Ratio

      0.82%
    2Van 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. 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 04/28/2017

    TAX ASSET
    Current Tax Asset --
    Deferred Tax Asset $2,131,477.68
    Net Tax Asset $2,131,477.68
    TAX LIABILITY
    Current Tax Liability $-967,195.32
    Deferred Tax Liability $0.00
    Net Tax Liability $0.00
    NET DEFERRED TAX ASSET/(LIABILITY)
    Net Deferred Tax Asset/(Liability) $2,131,477.68
    Valuation Allowance $-2,131,477.68
    Adjusted Net Deferred Tax Asset/(Liability) $0.00
    TAX RATE
    Effective Tax Rate 36.10%
  • Trading Information

    • Fund Ticker

      YMLI
    • Index Total Return Ticker

      YMLITR
    • NAV

      YMLINV
    • Intraday NAV (IIV)4

      YMLIIV
    • Shares Outstanding

      2,500,000
    • Estimated Cash

      YMLIEU
    • Total Cash

      YMLITC
    • CUSIP

      92189F569
    • ISIN

      US92189F5695
    4See IIV Details. Source: Bloomberg
  •  

  • Prices as of 04/28/17

    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 $15.80
    $15.80
    9,427
    3,186
    $0.03 / +0.18%
    $0.02 / +0.13%
    +2.2%
    +2.3%
    $0.00
    0.02%
  • View All IndicesView All ETFsPerformance History: Average Annual Total Returns* (%)

    1 MO3 MOYTD1 YR3 YR5 YR10 YRLIFE
    02/12/13
    YMLI (NAV)-0.503.343.3448.21-2.04----1.77
    YMLI (Share Price)-0.563.733.7349.06-1.91----1.85
    YMLITR (Index)-0.373.143.1449.84-2.20----3.66
    Performance Differential (NAV - Index)-0.130.200.20-1.630.16-----1.89
    Quarter End as of 03/31/17
    1 MO3 MOYTD1 YR3 YR5 YR10 YRLIFE
    02/12/13
    YMLI (NAV)-0.503.343.3448.21-2.04----1.77
    YMLI (Share Price)-0.563.733.7349.06-1.91----1.85
    YMLITR (Index)-0.373.143.1449.84-2.20----3.66
    Performance Differential (NAV - Index)-0.130.200.20-1.630.16-----1.89
  • Daily HoldingsTop 10 Holdings (%)as of 03/31/17

    Total Holdings: 26
    Holding Name
    Ticker
    SharesMarket Value
    (US$)
    % of Net
    Assets
    Enbridge Energy Partners Lp
    EEP US
    90,325
    1,716,1754.21
    Cone Midstream Partners Lp
    CNNX US
    71,604
    1,690,5704.15
    Martin Midstream Partners Lp
    MMLP US
    84,432
    1,688,6404.14
    Dcp Midstream Lp
    DCP US
    42,250
    1,657,4684.07
    Summit Midstream Partners Lp
    SMLP US
    68,796
    1,651,1044.05
    Tallgrass Energy Gp Lp
    TEGP US
    57,310
    1,648,2364.04
    Crestwood Equity Partners Lp
    CEQP US
    62,654
    1,644,6684.04
    Holly Energy Partners Lp
    HEP US
    45,964
    1,641,3744.03
    Dominion Midstream Partners Lp
    DM US
    51,262
    1,637,8214.02
    Valero Energy Partners Lp
    VLP US
    33,874
    1,622,9033.98
    Top 10 Total (%)40.72
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.
  • Sector Weightings (%) as of 03/31/17

    • Sector

      % of Net Assets
    • Energy

      98.7
    • Other/Cash

      1.3
  • Currency Exposure (%)
    as of 03/31/17

    • U.S. Dollar

      98.74
    • Other/Cash

      1.26
  • Country Weightings (%) as of 03/31/17

    • Country

      % of Net Assets
    • UNITED STATES

      94.78
    • CANADA

      3.96
    • Other/Cash

      1.26