Market Vectors ETF Trust Announces Rebalancing Transactions Associated with Its Exchange Offers for Merrill Lynch HOLDRS®
December 20 2011 - 10:45PM
Business Wire
Van Eck Global made public this afternoon the results of
rebalancing transactions associated with exchange offers by its
Market Vectors ETF Trust for six Merrill Lynch-sponsored HOLDRS:
Oil Service (OIH), Semiconductor (SMH), Pharmaceutical (PPH),
Biotech (BBH), Retail (RTH), and Regional Bank (RKH). Earlier
today, the firm announced the expiration of the exchange offers and
the formal acceptance of validly tendered HOLDRS. (This
announcement was made through a separate press release, which can
be found on the firm’s website at vaneck.com/holdrs.)
The Rebalanced HOLDRS Securities Value, as summarized
below, is the value of the securities underlying the tendered
HOLDRS receipts after giving effect to purchases and sales
performed by the Transition Manager (ConvergEx Group) today,
December 20, 2011, following the expiration of the exchange offers.
Values shown are for a round lot of 100 HOLDRS/100 shares of an
ETF. The Rebalanced HOLDRS Securities Values can also be found on
the company’s website at vaneck.com/holdrs.
Market Value
OIH
Rebalanced as of 4PM
Rebalanced HOLDRS Securities
Value HOLDRS Weighting NYC Time # Security
Ticker 1 BAKER HUGHES INC
BHI US 6.7 % 759.41 2 CAMERON
INTERNATIONAL CORP CAM US 4.4 % 505.13 3
COMPLETE PRODUCTION SERVICES CPX 1.0 %
118.41 4 CORE LABORATORIES N.V. CLB 2.4 %
273.50 5 DIAMOND OFFSHORE DRILLING DO US
1.7 % 198.94 6 DRESSER-RAND GROUP INC
DRC 1.8 % 208.53 7 ENSCO PLC-SPON ADR
ESV US 3.0 % 340.49 8 FMC TECHNOLOGIES
FTI US 4.7 % 536.27 9 HALLIBURTON CO
HAL US 9.7 % 1,107.06 10 HELMERICH & PAYN
HP US 2.7 % 309.65 11 MCDERMOTT INTL
MDR US 1.1 % 125.73 12 NABORS INDS LTD
NBR US 2.2 % 249.78 13 NATIONAL OILWELL
VARCO INC NOV US 9.1 % 1,034.36 14
NOBLE CORP NE US 3.6 % 407.51 15
OCEANEERING INTL INC OII US 2.2 % 256.16 16
OIL STATES INTL OIS US 1.7 % 194.80 17
PATTERSON-UTI PTEN US 1.4 % 155.12 18
ROWAN COMPANIES INC RDC 1.7 % 198.36 19
SCHLUMBERGER LTD SLB US 19.3 % 2,202.10
20 SEADRILL LTD SDRL 4.4 % 505.29 21
SUPERIOR ENERGY SPN US 1.0 % 112.65 22
TENARIS-ADR TS US 3.8 % 429.45 23
TIDEWATER INC TDW 1.1 % 124.66 24
TRANSOCEAN LTD RIG US 4.7 % 533.20 25
WEATHERFORD INTL LTD WFT US 4.6 %
520.01 26 Cash 0.1 % 10.81
Rebalanced HOLDRS Securities Value 100.00 % 11,417.39
Market Value
SMH Rebalanced as of 4PM
Rebalanced HOLDRS Securities Value HOLDRS
Weighting NYC Time # Security Ticker
1 ADVANCED MICRO DEVICES AMD
1.20 % 34.53 2 ALTERA CORP ALTR 4.50 %
134.22 3 ANALOG DEVICES ADI 4.00 %
118.61 4 APPLIED MATERIALS INC AMAT
4.40 % 130.82 5 ARM HOLDINGS PLC-SPONS ADR
ARMH 4.40 % 133.04 6 ASML HOLDING-NY
ASML US 5.10 % 154.16 7 ATMEL CORP ATML
US 1.40 % 41.58 8 AVAGO TECHNOLOGIES LTD
AVGO 2.20 % 66.01 9 BROADCOM CORP-A
BRCM US 4.90 % 147.99 10 CREE INC
CREE US 0.90 % 26.89 11 INTEL CORP
INTC 19.50 % 583.47 12 KLA-TENCOR CORP
KLAC US 3.10 % 91.47 13 LAM RESEARCH
LRCX US 1.70 % 50.61 14 LINEAR TECH
CORP LLTC US 2.60 % 77.00 15 MARVELL
TECHNOLOGY GROUP LTD MRVL 2.70 % 80.80 16
MAXIM INTEGRATED PRODUCTS MXIM 2.90 %
86.60 17 MICROCHIP TECHNOLOGY INC MCHP 2.50 %
75.62 18 MICRON TECH MU US 2.20 %
64.60 19 NVIDIA CORP NVDA 3.10 %
91.33 20 ON SEMICONDUCTOR ONNN US 1.20 %
36.64 21 SKYWORKS SOLUTIONS INC SWKS
1.10 % 32.81 22 TAIWAN SEMICONDUCTOR-SP ADR
TSM 12.80 % 383.48 23 TERADYNE INC TER
1.00 % 28.92 24 TEXAS INSTRUMENT TXN US
7.30 % 218.07 25 XILINX INC XLNX
3.20 % 97.12 26 Cash 0.12 %
8.91 Rebalanced HOLDRS Securities Value 100.00 % 2,995.30
Market Value
PPH
Rebalanced as of 4PM
Rebalanced HOLDRS Securities Value
HOLDRS Weighting NYC Time # Security
Ticker 1 ABBOTT LABORATORIES
ABT 4.9 % 353.80 2 ALLERGAN INC
AGN 4.6 % 328.30 3 ASTRAZENECA PLC-SPONS ADR
AZN 4.9 % 351.72 4 BRISTOL-MYER SQB
BMY US 5.1 % 368.91 5 ELAN CORP PLC
-SPONS ADR ELN 2.5 % 183.26 6 ELI LILLY
& CO LLY 4.6 % 331.42 7 ENDO
PHARMACEUT HLDGS INC ENDP 1.7 % 119.09 8
FOREST LABS INC FRX US 3.3 % 235.42 9
GLAXOSMITHKLINE PLC-SPON ADR GSK 4.9 %
353.90 10 HOSPIRA INC HSP US 2.0 %
141.39 11 JOHNSON & JOHNSON JNJ 7.4 %
534.48 12 MEDICIS PHARMACEUTICAL-CL A MRX
0.8 % 58.56 13 MERCK & CO. INC. MRK
US 5.1 % 367.73 14 MYLAN INC MYL
3.7 % 266.10 15 NOVARTIS AG-ADR NVS 5.6
% 406.17 16 NOVO-NORDISK A/S-SPONS ADR NVO
4.4 % 316.12 17 PERRIGO CO PRGO US
3.5 % 254.79 18 PFIZER INC PFE US
7.0 % 506.14 19 SALIX PHARMACEUTICALS LTD
SLXP 1.1 % 77.25 20 SANOFI-AVENTIS-ADR
SNY 4.9 % 354.21 21 SHIRE PLC-ADR
SHPGY 4.4 % 317.83 22 TEVA
PHARMACEUTICAL-SP ADR TEVA 4.7 % 336.64 23
VALEANT PHARMACEUTICALS INTE VRX 4.3 %
309.08 24 WARNER CHILCOT-A WCRX US 1.2 %
83.06 25 WATSON PHARMACEUTICALS INC WPI
3.3 % 236.22 26 Cash 0.0 %
0.00 Rebalanced HOLDRS Securities Value 100.00 % 7,191.62
Market Value
BBH
Rebalanced as of 4PM
Rebalanced HOLDRS Securities
Value HOLDRS Weighting NYC Time # Security
Ticker 1 ACORDA
THERAPEUTICS INC ACOR 0.9 % 96.22 2
ALEXION PHARMACEUTICALS INC ALXN 4.8 % 511.79
3 AMGEN INC AMGN US 17.5 % 1,847.55 4
AMYLIN PHARMACEUTICALS INC AMLN 1.6 %
165.04 5 BIOGEN IDEC INC BIIB US 8.2 %
868.06 6 BIOMARIN PHARMAC BMRN US 3.7 %
395.57 7 CELGENE CORP CELG 9.3 % 987.99
8 CHARLES RIVER LABORATORIES CRL 1.4 %
145.73 9 CUBIST PHARMACEUTICALS INC CBST 2.5 %
262.82 10 DENDREON CORP DNDN US 1.2 %
122.50 11 EXELIXIS INC EXEL 0.6 %
58.71 12 GEN-PROBE INC GPRO 2.7 %
290.51 13 GILEAD SCIENCES GILD US 8.7 %
924.16 14 HUMAN GENOME SCIENCES INC HGSI
1.3 % 139.65 15 ILLUMINA INC ILMN US
3.3 % 353.10 16 INCYTE CORP INCY
1.7 % 175.95 17 INTERMUNE INC ITMN 0.6
% 65.90 18 LIFE TECHNOLOGIES CORP LIFE
4.4 % 469.55 19 MYRIAD GENETICS MYGN US
1.8 % 186.44 20 ONYX PHARMACEUTICALS INC ONXX
2.6 % 277.47 21 PHARMASSET INC VRUS
4.3 % 458.22 22 QIAGEN NV QGEN US
3.1 % 327.26 23 REGENERON PHARMACEUTICALS
REGN 4.0 % 423.15 24 UNITED
THERAPEUTICS CORP UTHR 2.3 % 245.36 25
VERTEX PHARM VRTX US 5.0 % 530.86 26
Cash 2.4 % 254.72 Rebalanced HOLDRS
Securities Value 100.00 % 10,584.29 Market
Value
RTH Rebalanced as of 4PM
Rebalanced HOLDRS Securities Value HOLDRS
Weighting NYC Time # Security Ticker
1 AMAZON.COM INC AMZN 7.0 %
784.68 2 AMERISOURCEBERGE ABC US 2.6 %
295.65 3 BED BATH & BEYOND INC BBBY
3.9 % 437.25 4 BEST BUY CO INC BBY 1.8
% 202.67 5 CARDINAL HEALTH CAH US 3.6 %
405.13 6 COSTCO WHOLESALE CORP COST 4.9
% 544.11 7 CVS CAREMARK COR CVS US 5.7
% 633.66 8 GAP INC/THE GPS US 1.6 %
181.95 9 HOME DEPOT INC HD 6.9 %
768.93 10 J.C. PENNEY CO INC JCP 1.2 %
132.04 11 KOHLS CORP KSS 3.2 % 356.78
12 KROGER CO KR 3.6 % 400.77 13
LOWE'S COS INC LOW 5.2 % 580.99 14 LTD
BRANDS INC LTD US 2.5 % 280.24 15
MACY'S INC M US 3.6 % 399.51 16
MCKESSON CORP MCK US 4.4 % 497.67 17
NETFLIX INC NFLX 1.0 % 106.90 18
SAFEWAY INC SWY 1.9 % 209.01 19 STAPLES
INC SPLS 2.6 % 293.75 20 SYSCO CORP
SYY US 4.5 % 506.06 21 TARGET CORP
TGT 4.9 % 543.72 22 TJX COMPANIES INC
TJX 4.6 % 512.61 23 WALGREEN CO
WAG 4.9 % 552.37 24 WAL-MART STORES INC
WMT 11.0 % 1,231.74 25 WHOLE FOODS MARKET INC
WFM US 2.8 % 318.31 26 Cash
0.1 % 18.61 Rebalanced HOLDRS Securities Value
100.00 % 11,195.14 Market Value
RKH
Rebalanced as of 4PM
Rebalanced
HOLDRS Securities Value HOLDRS Weighting NYC Time
# Security Ticker 1
BANCO BILBAO VIZCAYA-SP ADR BBVA US 3.2 %
224.92 2 BANCO BRADESCO-ADR BBD 2.5 %
172.04 3 BANCO SANTAN-ADR STD US 5.0 %
349.16 4 BANCO SANTANDER BRASIL-ADS BSBR
2.4 % 163.15 5 BANK OF AMERICA CORP BAC
4.2 % 288.35 6 BANK OF MONTREAL BMO
2.7 % 187.48 7 BANK OF NOVA SCOTIA BNS
4.1 % 287.09 8 BARCLAYS PLC-SPONS ADR
BCS 2.0 % 140.80 9 CITIGROUP INC C US
5.3 % 370.50 10 CREDIT SUISSE GROUP-SPON ADR
CS CN 2.1 % 143.26 11 DEUTSCHE BANK
AG-REGISTERED DB 2.7 % 185.94 12
GOLDMAN SACHS GP GS US 3.4 % 235.54 13
HSBC HOLDINGS PLC-SPONS ADR HBC 10.1 % 698.77
14 ICICI BANK LTD-SPON ADR IBN 0.7 %
45.62 15 ING GROEP N.V.-SPONSORED ADR ING 2.1
% 144.24 16 ITAU UNIBANCO HLDNG-PREF ADR ITUB
3.3 % 225.52 17 JPMORGAN CHASE JPM US
9.2 % 640.38 18 MITSUBISHI UFJ FINL GRP-ADR
MTU 4.2 % 292.60 19 MORGAN STANLEY
MS US 1.6 % 108.36 20 ROYAL BANK OF
CANADA RY 5.2 % 357.19 21 SCHWAB
(CHARLES) SCHW US 0.9 % 64.11 22
TORONTO-DOMINION BANK TD 5.2 % 360.01 23
UBS AG-REG UBS 3.3 % 231.65 24
US BANCORP USB US 4.0 % 280.17 25 WELLS
FARGO & CO WFC US 10.3 % 713.52 26
Cash 0.3 % 16.15 Rebalanced HOLDRS
Securities Value 100.00 % 6,926.53
About Market Vectors
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 manages approximately $30.8 billion in investor assets as
of September 30, 2011.
Market Vectors exchange-traded products have been offered by Van
Eck Global since 2006 and span many asset classes, including
equities, municipal bonds and other fixed income as well as
currencies. The Market Vectors family currently totals $21.7
billion in assets under management, making it the sixth largest ETF
family in the U.S. and the ninth largest worldwide as of September
30, 2011.
Important Disclosure
All information in this material (other than opinions or
expectations) concerning applicable HOLDRS, including their
business and operations, was provided by Merrill Lynch & Co.,
Inc. All information in this material concerning Van Eck ETFs,
including its business, operations and financial results, was
provided by Van Eck. Information on HOLDRS assets under management
and trading volume was sourced from Bloomberg.
Investing involves substantial risk and high volatility,
including possible loss of principal. An investor should consider
the investment objective, risks, charges and expenses of a new ETF
carefully before investing. Please read the prospectus and summary
prospectus carefully before investing.
Investors may obtain free copies of the prospectus and
summary prospectus, and other documents filed with the SEC at the
SEC’s web site at www.sec.gov. In addition, free
copies of the prospectus and summary prospectus, and other
documents filed with the SEC may also be obtained by directing a
request to: Van Eck Securities Corporation, Distributor, 335
Madison Avenue, New York, NY 10017 or by calling: 800.826.2333 or
visiting vaneck.com/holdrs.
Van Eck Securities Corporation, Distributor,
335 Madison Avenue, New York, NY 10017