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IHY VanEck Vectors International High Yield Bond ETF

  • Fund Description

    The VanEck Vectors International High Yield Bond ETF (IHY®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the BofA Merrill Lynch Global ex-US Issuers High Yield Constrained Index (HXUS), which is comprised of U.S. dollar, Canadian dollar, pound sterling, and euro denominated below investment grade corporate bonds issued by non-U.S. corporations in the major domestic or Eurobond markets.

  •  
      

    • Fund Ticker

      IHY
    • Exchange

      NYSE Arca
    • Commencement

      04/02/2012
    • ETF Structure

      Physical
    • Administrator

      Van Eck Associates
    • Custodian

      Bank of New York Mellon
    • Index Ticker

      HXUS
    • Index Rebalancing

      Monthly
    • Preliminary NAIC
      Designation7

      3
  •  
    as of 07/26/16

    • 30-Day SEC Yield1

      5.37%
    • Total Net Assets

      $130.5M
    • Number of Holdings

      450
    • Options

      Available
    • Gross Expense Ratio2

      0.54%
    • Net Expense Ratio/TER2

      0.40%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      07/29/2016
    1, 2, 7 See Important Disclosure
  • Morningstar™ Ratings**
    as of 6/30/16

    Category Overall 3 Year 5 Year
    World Bond
       
    3 of 329 Funds
       
    3 of 329 Funds
    --
  • Key Points

    • Diversify with exposure to non-U.S. high-yield bonds, over 45% of the global high-yield market, as of 5/31/2016*

    • Historically, International High-Yield Bonds Have Experienced Lower Default Rates Than U.S. High-Yield Bonds

    • Gain Potential Upside Performance from Recovering European and Growing Emerging Markets
    *Based on face value of the BofA Merrill Lynch Global ex-US Issuers High Yield Constrained Index as a percentage of the BofA Merrill Lynch Global High Yield Index.
  • Yield
    as of 07/26/16

    • 30-Day SEC Yield1

      5.37%
    • Distribution Yield1

      5.16%
    • 12-Month Yield1

      5.35%
     1 See Important Disclosure for definitions.
  • Fees and Expenses2

    • Management Fee

      0.40%
    • Other Expenses

      0.14%
    • Acquired Fund Fees and Expenses

      --
    • Gross Expense Ratio

      0.54%
    • Fee Waivers and
      Expense Reimbursement

      -0.14%
    • Net Expense Ratio/TER2

      0.40%
    2Expenses for IHY are capped contractually at 0.40% until 09/01/16. Cap excludes certain expenses, such as interest.
  • Trading Information

    • Fund Ticker

      IHY
    • Index Total Return Ticker

      HXUS
    • NAV

      IHYNV
    • Intraday NAV (IIV)5

      IHYIV
    • Shares Outstanding

      5,400,000
    • Estimated Cash

      IHYEU
    • Total Cash

      IHYTC
    • CUSIP

      92189F445
    • ISIN

      US92189F4458
    5See IIV Details. Source: Bloomberg
  • Fundamentals4
    as of 07/25/16

    • Yield to Worst

      5.89%
    • Yield to Maturity

      6.31%
    • Effective Duration (yrs)

      3.56
    • Years to Maturity

      5.29
    • Modified Duration (yrs)

      3.97
    • Coupon

      6.25%
     4 See Important Disclosure for definitions.
  • Prices as of 07/26/16

    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
    IHY $24.17
    $24.16
    38,607
    14,163
    -$0.03 / -0.14%
    $0.11 / +0.46%
    +9.6%
    +10.7%
    $-0.01
    -0.05%
  • View All Indices » View All ETFs » Performance History: Average Annual Total Returns* (%)

    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    04/02/12
    IHY (NAV) 0.33 2.69 8.01 2.73 3.04 -- -- 4.63
    IHY (Share Price) 1.05 2.91 9.13 2.33 2.94 -- -- 4.63
    HXUS (Index) 0.34 2.86 7.79 3.44 3.61 -- -- 5.34
    Performance Differential (NAV - Index) -0.01 -0.17 0.22 -0.71 -0.57 -- -- -0.71
    After Tax Held 0.15 2.11 6.74 0.31 0.69 -- -- 2.34
    After Tax Sold 0.19 1.52 4.51 1.49 1.25 -- -- 2.54
    Quarter End as of 06/30/16
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    04/02/12
    IHY (NAV) 0.33 2.69 8.01 2.73 3.04 -- -- 4.63
    IHY (Share Price) 1.05 2.91 9.13 2.33 2.94 -- -- 4.63
    HXUS (Index) 0.34 2.86 7.79 3.44 3.61 -- -- 5.34
    Performance Differential (NAV - Index) -0.01 -0.17 0.22 -0.71 -0.57 -- -- -0.71
    After Tax Held 0.15 2.11 6.74 0.31 0.69 -- -- 2.34
    After Tax Sold 0.19 1.52 4.51 1.49 1.25 -- -- 2.54
  • Daily Holdings »Top 10 Holdings (%)as of 06/30/16

    Total Holdings: 452
    Holding Name
    Coupon
    Maturity
    Composite
    Rating
    Country
    Currency
    % of Net
    Assets
    Petrobras Global Finance Bv
    5.375
    01/27/2021
    BB
    Brazil
    USD
    1.19
    Reynolds Group Issuer Inc / Reynolds Gr
    5.750
    10/15/2020
    B+
    New Zealand
    USD
    1.08
    Itau Unibanco Holding Sa/Cayman Island
    5.125
    05/13/2023
    BB
    Brazil
    USD
    0.94
    Softbank Group Corp
    4.500
    04/15/2020
    BB+
    Japan
    USD
    0.89
    Altice Luxembourg Sa
    7.750
    05/15/2022
    B-
    Luxembourg
    USD
    0.83
    Gazprom Oao Via Gaz Capital Sa
    4.950
    07/19/2022
    BB+
    Russian Federation
    USD
    0.81
    Anglo American Capital Plc
    2.500
    04/29/2021
    BB
    United Kingdom
    EUR
    0.79
    Telecom Italia Spa/Milano
    5.375
    01/29/2019
    BB+
    Italy
    EUR
    0.79
    Telecom Italia Spa/Milano
    5.250
    02/10/2022
    BB+
    Italy
    EUR
    0.77
    Gazprom Oao Via Gaz Capital Sa
    7.288
    08/16/2037
    BB+
    Russian Federation
    USD
    0.72
    Top 10 Total (%)8.81

    These are not recommendations to buy or to sell any security. Securities and holdings may vary.

  • Country Weightings (%) as of 06/30/16

    • Country

      % of Net Assets
    • UNITED KINGDOM

      13.24
    • BRAZIL

      9.24
    • ITALY

      8.63
    • RUSSIA

      7.14
    • LUXEMBOURG

      6.37
    • FRANCE

      6.32
    • CANADA

      6.10
    • GERMANY

      5.31
    • CHINA

      3.85
    • NETHERLANDS

      3.27
    • SPAIN

      2.47
    • UNITED STATES

      2.11
    • MEXICO

      1.44
    • IRELAND

      1.41
    • VENEZUELA

      1.41
    • SOUTH AFRICA

      1.36
    • SWITZERLAND

      1.34
    • INDONESIA

      1.27
    • NEW ZEALAND

      1.08
    • TURKEY

      1.03
    • Other/Cash

      15.61
  • Currency Exposure (%)
    as of 06/30/16

    • U.S. Dollar

      59.26
    • Euro

      32.57
    • British Pound

      5.87
    • Canadian Dollar

      0.66
    • Other/Cash

      1.64
  • Sector Weightings (%) as of 06/30/16

    • Sector

      % of Net Assets
    • Financial

      24.3
    • Communications

      15.6
    • Energy

      14.0
    • Basic Materials

      12.8
    • Consumer, Cyclical

      9.4
    • Industrial

      8.3
    • Consumer, Non-cyclical

      8.1
    • Utilities

      4.3
    • Diversified

      0.9
    • Technology

      0.5
    • Government

      0.2
    • Other/Cash

      1.6
  • Credit Quality (%)
    as of 06/30/16

    Composite % of Net Assets
    Investment Grade BBB 2.60
    Non-Investment Grade BB 62.53
    B 25.42
    CCC 4.16
    CC 0.11
    DD 0.04
    Total Investment Grade -- 2.60
    Total Non-Investment Grade -- 92.26
    Not Rated -- 4.67
    Composite Rating: An evenly weighted blend of a security's Moody's, S&P, Fitch and DBRS ratings. Not Rated indicates that a security is rated by fewer than two of the four rating agencies. This composite is not intended to be a credit opinion.
  • Maturity (%) as of 06/30/16

    Average Portfolio Maturity: 5.33 Years