2The coupons, calls, and maturities data was provided by Siebert Brandford Shank and Co., LLC.
3Yield to worst measures the lowest of either yield-to-maturity or yield-to-call date on every possible call date.
4Gradations of creditworthiness are indicated by rating symbols, with each symbol representing a group in which the credit characteristics are broadly the same. There are nine symbols that are used by Moody’s to designate least credit risk to that denoting greatest credit risk: Aaa, Aa, A, Baa, Ba, B, Caa, Ca, and C. Moody’s appends numerical modifiers 1, 2, and 3 to each generic rating classification from Aa through Caa. Ratings from Ba1 to Caa3 are below investment grade or speculative grade.
All of the Market Vectors municipal bond ETFs can potentially hold debt issued by the Commonwealth of Puerto Rico. At the time of this posting, only the Market Vectors High-Yield Municipal Index ETF and the Market Vectors Short High-Yield Municipal Index ETF held Puerto Rico debt. (Click the preceding hyperlinks to view geographic weightings.) This means the Funds would be susceptible to additional risks associated with investment in Puerto Rico.