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