The Market Vectors ETF Trust announced regular monthly distributions for its six municipal income ETFs and its income-oriented ETFs.
The following dates apply to distribution declarations for the funds listed below:
|Ex-Date||Record Date||Payable Date|
|September 3, 2013||September 5, 2013||September 9, 2013|
|Market Vectors Intermediate Municipal Index ETF||ITM||Monthly||$0.0501|
|Market Vectors Long Municipal Index ETF||MLN||Monthly||$0.0687|
|Market Vectors Short Municipal Index ETF||SMB||Monthly||$0.0204|
|Market Vectors High-Yield Municipal Index ETF||HYD||Monthly||$0.1517|
|Market Vectors Pre-Refunded Municipal Index ETF||PRB||Monthly||$0.0194|
|Market Vectors Emerging Markets Local Currency Bond ETF||EMLC||Monthly||$0.0972|
|Market Vectors Investment Grade Floating Rate ETF||FLTR||Monthly||$0.0126|
|Market Vectors LatAm Aggregate Bond ETF||BONO||Monthly||$0.1210|
|Market Vectors Renminbi Bond ETF||CHLC||Monthly||$0.0800|
|Market Vectors CEF Municipal Income ETF||XMPT||Monthly||$0.1190|
|Market Vectors International High Yield Bond ETF||IHY||Monthly||$0.1290|
|Market Vectors Fallen Angel High Yield Bond ETF||ANGL||Monthly||$0.1222|
|Market Vectors Emerging Markets High Yield Bond ETF||HYEM||Monthly||$0.1270|
|Market Vectors Preferred Securities Ex Financials ETF||PFXF||Monthly||$0.0905|
|Market Vectors Treasury-Hedged High Yield Bond ETF||THHY||Monthly||$0.0530|
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 tenth largest worldwide as of June 30, 2013.
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 $29.6 billion in investor assets as of June 30, 2013.
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: Municipal bonds are subject to risks related to litigation, legislation, political change, conditions in underlying sectors or in local business communities and economies, bankruptcy or other changes in the issuer’s financial condition, and/or the discontinuance of taxes supporting the project or assets or the inability to collect revenues for the project or from the assets. Additional risks include credit, interest rate, call, reinvestment, tax, market and lease obligation risk.
High-yield municipal bonds are subject to greater risk of loss of income and principal than higher-rated securities, and are likely to be more sensitive to adverse economic changes or individual municipal developments than those of higher-rated securities. Interest and principal payments for pre-refunded bonds are funded from securities in an escrow account. The escrowed securities do not guarantee the price of these bonds. Municipal bonds may be less liquid than taxable bonds. There is no guarantee that the Funds’ income will be exempt from federal or state income taxes, and changes in those tax rates or in 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 LatAm 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.