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YMLI
VanEck Vectors High Income Infrastructure MLP ETF

This Fund is expected to be de-listed after market close on Friday, October 18, 2019. Shareholders who do not sell their holdings on or before market close on Friday, October 18, 2019 and continue to hold their shares through the liquidation date on or about Friday, October 25, 2019 are expected to receive cash on or about Friday, October 25, 2019 in the cash portion of their brokerage accounts equal to the amount of the net asset value (NAV) of their shares. Please refer to the press release and FAQ below for more information.

Press Release
FAQ

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 10/16/19

  • Total Net Assets

    $12.9M
  • Number of Holdings

    25
  • Options

    Expected
  • Management Fee2

    0.82%
  • Net Expense Ratio/TER2

    0.81%
  • Distribution Frequency

    Quarterly
  • Next Distribution Date

    11/11/19

Morningstar™ Ratings3
as of 09/31/2019

Category Overall 3 Year 5 Year
Energy Limited Partnership
3 stars of 94 funds
2 stars of 94 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 09/30/19

  • 30-Day SEC Yield1

    8.53%
  • Distribution Yield1

    9.99%
  • 12-Month Yield1

    8.60%
 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

    -0.01%
  • Net Expense Ratio

    0.81%
Van 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. Notwithstanding the foregoing, the Adviser has agreed to pay the offering costs until at least April 1, 2020. The Fund is classified for federal income tax purposes as a taxable regular corporation or Subchapter “C” corporation. As a “C” corporation, the Fund accrues deferred income tax liability for its future tax liability associated with the capital appreciation of its investments, with certain distributions received by the Fund on equity securities of Master Limited Partnerships (“MLPs”) considered to be return of capital, and with any net operating gains. 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 10/16/2019

  • Net Deferred Tax Asset/(Liability) Before Valuation Allowance

    $2,835,876.58
  • Valuation Allowance

    $-2,835,876.58
  • Net Deferred Tax Asset/(Liability) After Valuation Allowance

    $0.00
  • Effective Tax Rate

    23.59%

Trading Information

  • Fund Ticker

    YMLI
  • Index Total Return Ticker

    YMLITR
  • NAV

    YMLINV
  • Intraday NAV (IIV)5

    YMLIIV
  • Shares Outstanding

    1,250,000
  • Estimated Cash

    YMLIEU
  • Total Cash

    YMLITC
  • CUSIP

    92189F569
  • ISIN

    US92189F5695

 

Prices as of 10/16/19

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 $10.35
$10.30
6,969
5,932
-$0.08 / -0.73%
$0.02 / +0.20%
+0.24%
+0.24%
$-0.05
-0.52%

Performance History: Average Annual Total Returns* (%)

1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
02/12/13
YMLI (NAV) 1.42 -5.85 4.33 -11.25 -3.44 -7.12 -- -1.88
YMLI (Share Price) 0.65 -5.89 4.54 -10.86 -3.64 -7.14 -- -1.92
YMLITR (Index) 1.51 -6.45 2.86 -12.97 -4.93 -9.08 -- -1.45
Performance Differential (NAV - Index) -0.09 0.60 1.47 1.72 1.49 1.96 -- -0.43
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
02/12/13
YMLI (NAV) 1.42 -5.85 4.33 -11.25 -3.44 -7.12 -- -1.88
YMLI (Share Price) 0.65 -5.89 4.54 -10.86 -3.64 -7.14 -- -1.92
YMLITR (Index) 1.51 -6.45 2.86 -12.97 -4.93 -9.08 -- -1.45
Performance Differential (NAV - Index) -0.09 0.60 1.47 1.72 1.49 1.96 -- -0.43

Top 10 Holdings (%) as of 09/30/19 Daily Holdings

Total Holdings: 25
Swipe
to view
full data
Holding Name
Ticker
Shares Market Value
(US$)
% of Net
Assets
Buckeye Partners Lp
BPL US
17,805
731,607 5.40
Tc Pipelines Lp
TCP US
17,473
710,627 5.24
Crestwood Equity Partners Lp
CEQP US
18,384
671,200 4.95
Phillips 66 Partners Lp
PSXP US
11,625
658,208 4.86
Shell Midstream Partners Lp
SHLX US
31,728
648,838 4.79
Magellan Midstream Partners Lp
MMP US
9,782
648,253 4.78
Nustar Energy Lp
NS US
21,985
622,615 4.59
Cheniere Energy Partners Lp
CQP US
13,542
615,890 4.54
Enterprise Products Partners Lp
EPD US
20,879
596,722 4.40
Genesis Energy Lp
GEL US
27,240
584,843 4.32
Top 10 Total (%) 47.87
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Sector Weightings (%) as of 09/30/19

  • Sector

    % of Net Assets
  • Energy

    98.8
  • Other/Cash

    1.2

Currency Exposure (%)
as of 09/30/19

  • U.S. Dollar

    98.82
  • Other/Cash

    1.18

Country Weightings (%) as of 09/30/19

  • Country

    % of Net Assets
  • United States

    94.03
  • Netherlands

    4.79
  • Other/Cash

    1.18