Market Vectors ETFs Announce February 2014 Distributions

Business Wire

NEW YORK--(BUSINESS WIRE)--

The Market Vectors ETF Trust announced today its regular distributions per share for the Market Vectors municipal income and income-oriented exchange-traded funds.

The following dates apply to distribution declarations for the funds listed below:

Ex-Date

         

Record Date

         

Payable Date

March 3, 2014 March 5, 2014 March 7, 2014
ETF     Ticker    

Expected

Distribution

Frequency

   

Distribution Amount

Per Share

           
Market Vectors Intermediate Municipal Index ETF

ITM

Monthly $0.0447
 
Market Vectors Long Municipal Index ETF

MLN

Monthly $0.0620
 
Market Vectors Short Municipal Index ETF

SMB

Monthly $0.0202
 
Market Vectors Short High-Yield Municipal Index ETF*

SHYD

Monthly $0.0900
 
Market Vectors High-Yield Municipal Index ETF

HYD

Monthly $0.1507
 
Market Vectors Pre-Refunded Municipal Index ETF

PRB

Monthly $0.0240
 
Market Vectors Emerging Markets Local Currency Bond ETF

EMLC

Monthly $0.0980
 
Market Vectors Investment Grade Floating Rate ETF

FLTR

Monthly $0.0116
 
Market Vectors Emerging Markets Aggregate Bond ETF

EMAG

Monthly $0.0700
 
Market Vectors Renminbi Bond ETF

CHLC

Monthly $0.0600
 
Market Vectors CEF Municipal Income ETF

XMPT

Monthly $0.1211
 
Market Vectors International High Yield Bond ETF

IHY

Monthly $0.1100
 
Market Vectors Fallen Angel High Yield Bond ETF

ANGL

Monthly $0.1190
 
Market Vectors Emerging Markets High Yield Bond ETF

HYEM

Monthly $0.1230
 
Market Vectors Preferred Securities Ex Financials ETF

PFXF

Monthly $0.0700
 
Market Vectors Treasury-Hedged High Yield Bond ETF

THHY

Monthly $0.0870

* includes income from first day of trading, January 14, 2014.

The majority, and possibly all, of these distributions will be paid out of net investment income earned by the Funds. A portion of this distribution may come from net short-term realized capital gains or return of capital.

The amount of dividends paid by each fund may vary from time to time. Past amounts of dividends are no guarantee of future dividend payment amounts.

Market Vectors does not provide legal, tax or accounting advice. Any statement contained in this communication concerning U.S. tax matters is not intended or written to be used, and cannot be used, for the purpose of avoiding penalties imposed on the relevant taxpayer. Shareholders or potential shareholders of the Market Vectors ETFs should obtain their own independent tax advice based on their particular circumstances.

About Market Vectors ETFs

Market Vectors exchange-traded products have been offered since 2006 and span many asset classes, including equities, fixed income (municipal and international bonds) and currency markets. The Market Vectors family totaled $21.8 billion in assets under management, making it the seventh largest ETP family in the U.S. and 10th largest worldwide as of January 31, 2014.

Market Vectors ETFs are sponsored by Van Eck Global. Founded in 1955, Van Eck Global was among the first U.S. money managers helping investors achieve greater diversification through global investing. Today, the firm continues this tradition by offering innovative, actively managed investment choices in hard assets, emerging markets, precious metals including gold, and other alternative asset classes. Van Eck Global has offices around the world and managed approximately $30.3 billion in investor assets as of January 31, 2014.

Please call 888.MKT.VCTR or visit our website for the most recent month-end performance of Market Vectors ETFs. This information will be available no later than seven business days after the most recent month end.

Principal Fund Risk Factors: Bonds and bond funds will decrease in value as interest rates rise. Investors should be willing to accept substantial risk, a high degree of volatility and the potential of significant loss. The Funds may also be subject to credit risk, interest rate risk, sovereign debt risk, tax risk, and risks associated with non-investment grade securities. The Funds may loan their securities, which may subject them to additional credit and counterparty risk.

Market Vectors Municipal Bond ETFs Risk: All Market Vectors municipal ETFs are subject to risks including those related to litigation, legislation, political changes, local business or economic conditions, conditions in underlying sectors, bankruptcy or other changes in the financial condition of the issuer, and/or the discontinuance of the taxation supporting the project or assets or the inability to collect revenues for the project or from the assets. Bonds and bond funds will decrease in value as interest rates rise. Additional risks include: credit risk, interest rate risk, call risk, lease obligations, tax risk. SHYD, HYD, and XMPT are subject to risks associated with non-investment grade (high yield) securities. High yield bonds may be subject to a greater risk of loss of income and principal and are likely to be more sensitive to adverse economic changes than higher rated securities. XMPT’s performance, because it is a fund-of-funds, is dependent on the performance and risks of the underlying funds. XMPT’s shareholders will indirectly bear the expenses of the underlying funds. The securities of closed-end investment companies in which XMPT will invest may be leveraged. The market for municipal bonds may be less liquid than for taxable bonds. There is no guarantee that a Fund’s income will be exempt from federal or state income taxes. Federal or state changes in income or alternative minimum tax rates or in the tax treatment of municipal bonds may make them less attractive as investments and cause them to lose value. Capital gains, if any, are subject to capital gains tax.

Market Vectors Emerging Markets Local Currency Bond ETF and Market Vectors Emerging Markets Aggregate Bond ETF Risk: Investments in emerging market securities are subject to elevated risks which include, among others, expropriation, confiscatory taxation, issues with repatriation of investment income, limitations of foreign ownership, political instability, armed conflict and social instability. As the Funds invest in securities denominated in foreign currencies and some of the income received by the Funds will be in foreign currency, changes in currency exchange rates may negatively impact the Funds’ return. The Funds will generally invest a portion of its assets in Rule 144A securities. Rule 144A securities are restricted securities. They may be less liquid than other investments because, at times, such securities cannot be readily sold in broad public markets and the Funds might be unable to dispose of such securities promptly or at reasonable prices. A restricted security that was liquid at the time of purchase may subsequently become illiquid.

Market Vectors Emerging Markets High Yield Bond ETF Risk: Investments in emerging markets high yield securities may be subject to credit risk, interest rate risk and a greater risk of loss of income and principal than higher rated securities. Emerging markets securities are subject to elevated risks, which include, among others, expropriation, confiscatory taxation, issues with repatriation of investment income, limitations of foreign ownership, political instability, armed conflict and social instability.

Market Vectors Investment Grade Floating Rate ETF Risk: Floating rate notes are debt issues with variable coupon payments that are pegged to a reference rate plus a spread. Coupons are reset periodically and can rise or fall with changes in the reference rate. The Fund is subject to financial services sector risk, restricted securities risk, credit risk, interest rate risk, and call risk, among others. The Fund will generally invest a significant portion of its assets in the financial services industry. As such, the Fund will be sensitive to changes in, and its performance will depend to a greater extent on, the overall condition of the financial services sector. The Fund will generally invest a portion of its assets in Rule 144A securities. Rule 144A securities are restricted securities. They may be less liquid than other investments because, at times, such securities cannot be readily sold in broad public markets and the Fund might be unable to dispose of such securities promptly or at reasonable prices. A restricted security that was liquid at the time of purchase may subsequently become illiquid.

Market Vectors Renminbi Bond ETF Risk: Investments in China-related securities are subject to elevated risks which include adverse market, political, regulatory, and geographic events affecting China and the surrounding region. The Chinese economy differs from the U.S. economy in terms of structure, general development, government involvement, wealth distribution, rate of inflation, growth rate, allocation of resources, and capital reinvestment, among others, and these differences may pose risk for investors. A decline in the value of the renminbi versus the USD will result in reduced returns or loss for the Fund. As a result of the Index’s concentration, a significant portion of the Fund’s assets will be invested in financial services industry and sovereign debt. Fixed income securities are subject to credit risk and interest rate risks. As the general level of interest rates goes up, the prices of most fixed income securities go down. Issuers of a security may be unable or unwilling to make timely interest payments and/or repay principle on its debt. The Fund will include bonds issued by non-U.S. issuers. Investments in the securities of non-U.S. issuers involve risks such as greater market volatility, the availability of financial information, higher transactional and custody costs, taxation by foreign governments, among others. RMB bonds may also have less liquidity and may have greater volatility than other fixed income securities. As a result, the Fund might be unable to dispose of such bonds promptly or at reasonable prices.

Market Vectors International High Yield ETF Risk: The Fund may be subject to credit risk, interest rate risk and a greater risk of loss of income and principal than higher rated securities. Investments in emerging markets securities are subject to elevated risks which include, among others, expropriation, confiscatory taxation, issues with repatriation of investment income, limitations of foreign ownership, political instability, armed conflict and social instability. Investors should be willing to accept a high degree of volatility and the potential of significant loss.

Market Vectors Fallen Angel High Yield Bond ETF Risk: The Fund may be subject to credit risk, interest rate risk and a greater risk of loss of income and principal than higher rated securities. Investors should be willing to accept a high degree of volatility and the potential of significant loss. Investments concentrated in the financial services and industrials sectors may be subject to more volatility than investments in a diverse group of sectors and are subject to the risks associated with such sectors. The Fund may loan its securities, which may subject it to additional credit and counterparty risk.

Market Vectors Preferred Securities Ex Financials ETF Risk: Investments in preferred securities are subject to fluctuations in value due to deferred or unpaid distributions, call features and decreases in value of common stock if security is convertible. Investments in fixed income securities are subject to credit risk and will decline in price when interest rates rise. Payments may be structurally subordinated such that creditors will have priority to assets over the Fund. Adverse economic, business or political developments affecting real estate could have an effect on the value of the Fund’s investments. Small- and medium-capitalization companies may be more volatile than large-capitalization companies. The Fund’s assets may be concentrated in a particular sector, such as real estate, utilities and consumer discretionary and may be subject to more risk than investments in a diverse group of sectors.

Market Vectors Treasury-Hedged High Yield Bond ETF Risk: Investments in treasury-hedged emerging markets bonds are subject to risks associated with investing in high-yield securities; which include a greater risk of loss of income and principal than funds holding higher-rated securities; concentration risk; credit risk; hedging risk; interest rate risk; and short sale risk. Investors should be willing to accept a high degree of volatility and the potential of significant loss.

Fund shares are not individually redeemable and will be issued and redeemed at their NAV only through certain authorized broker-dealers in large, specified blocks of shares called “creation units” and otherwise can be bought and sold only through exchange trading. Creation units are issued and redeemed principally in kind. Shares may trade at a premium or discount to their NAV in the secondary market.

Investors may call 888.MKT.VCTR or visit marketvectorsetfs.com for a free prospectus and summary prospectus. Investing involves substantial risk and high volatility including possible loss of principal. Bonds and bond funds will decrease in value as interest rates rise. An investor should consider the investment objective, risks, and charges and expenses of Market Vectors ETFs carefully before investing. The prospectus and summary prospectus contains this and other information. Please read the prospectus and summary prospectus carefully before investing.

Van Eck Securities Corporation, Distributor, 335 Madison Avenue, New York, NY 10017

Contact:
MacMillan Communications
Mike MacMillan/Chris Sullivan, 212-473-4442
mike@macmillancom.com
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