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EM High Yield Bond ETF HYEM

  • Full Name: Market Vectors®
    Emerging Markets High Yield Bond ETF (HYEM)

    Management Style: Sampling

    Underlying Index: The BofA Merrill Lynch High Yield US Emerging Markets Liquid Corporate Plus Index (EMHY)

    Index Description: EMHY is comprised of U.S. dollar-denominated bonds issued by non-sovereign emerging markets issuers that are rated below investment grade and issued in the major domestic or eurobond markets.


    • Fund Ticker

    • Exchange

      NYSE Arca
    • Index Total Return Ticker

    • Index Provider

      BofA Merrill Lynch
    • Total Net Assets

    • Shares Outstanding

    • Number of Holdings

    • Commencement Date

    as of 04/17/14

    • 30-Day SEC Yield1

    • Distribution Frequency

    • Gross Expense Ratio2

    • Net Expense Ratio2

    • Options

    • Preliminary NAIC Designation10

    • Management Team »
    • HYEM Fact Sheet »
    1, 2, 10 See Important Disclosure
  • About Securities Lending

    Market Vectors Exchange Traded Funds (ETFs) may lend securities to generate additional income which may help reduce expenses. All net proceeds earned by Market Vectors ETFs in the securities lending process are allocated to the applicable ETF after subtracting fees payable to the lending agent.


    Securities lending is an established practice that involves the lending of securities from a lender (“Fund”) to a third-party (“Borrower”). In return, the Borrower posts collateral — typically cash or U.S. Government securities — in an amount equal to at least 102% of the value of the borrowed securities. Over the course of the loan term, the Fund will receive any interest or dividends on the securities loaned. Moreover, the Borrower will pay a fee, as well as any interest earned on the investment of the cash collateral.


    The primary risk in securities lending is that a Borrower may default on its commitment to return securities that are on loan. If this occurs and the value of the liquidated collateral does not exceed the cost of repurchasing the securities, the Fund may suffer a loss with respect to the shortfall. This risk and others are described in more detail in the statutory prospectus, under "Lending Portfolio Securities".

  • Additional Resources

  • All Collateral Holdings Top 10 Collateral Holdings as of 02/28/14

    Investment Type
    Weight %
    Bnp Paribas Securities Corp.., 0.06%, 03/03/2014
    United States
    Repurchase Agreement
    Citigroup Global Markets Inc, 0.06%, 03/03/2014
    United States
    Repurchase Agreement
    Deutsche Bank Sec Inc, 0.06%, 03/03/2014
    United States
    Repurchase Agreement
    Goldman Sachs & Co, 0.05%, 03/03/2014
    United States
    Repurchase Agreement
    UBS Securities Llc, 0.06%, 03/03/2014
    United States
    Repurchase Agreement
    Top 10 Total (%) 100.00
  • Securities Lending Summary
    as of 02/28/14

    Data Point %
    Securities Lending Return (% of AUM, YTD) 0.01
    Average On-Loan (% of AUM, YTD) 13.40
    Maximum On-Loan (% of AUM, YTD) 33.00
    Collateralization (% of Loan, YTD) 102.80
  • Loan/Collateral Combinations and Collateral Levels

    Loan Type Collateral Level
    Equities and Fixed Income  
    Domestic  102%
    Foreign  105%