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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 06/24/16

    • 30-Day SEC Yield1

      5.84%
    • Total Net Assets

      $128.4M
    • Number of Holdings

      455
    • Options

      Available
    • Gross Expense Ratio2

      0.54%
    • Net Expense Ratio/TER2

      0.40%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      06/30/2016
    1, 2, 7 See Important Disclosure
  • Morningstar™ Ratings**
    as of 5/31/16

    Category Overall 3 Year 5 Year
    World Bond
        
    4 of 329 Funds
        
    4 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 06/24/16

    • 30-Day SEC Yield1

      5.84%
    • Distribution Yield1

      5.05%
    • 12-Month Yield1

      5.44%
     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 06/23/16

    • Yield to Worst

      6.36%
    • Yield to Maturity

      6.70%
    • Effective Duration (yrs)

      3.63
    • Years to Maturity

      5.26
    • Modified Duration (yrs)

      3.97
    • Coupon

      6.25%
     4 See Important Disclosure for definitions.
  • Prices as of 06/24/16

    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 $23.78
    $23.62
    23,864
    28,785
    -$0.55 / -2.27%
    $-0.72 / -2.97%
    +7.4%
    +7.8%
    $-0.16
    -0.66%
  • 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) -0.79 8.59 7.66 1.73 1.90 -- -- 4.64
    IHY (Share Price) -1.00 8.30 7.99 0.33 1.65 -- -- 4.46
    HXUS (Index) -0.67 8.90 7.41 2.45 2.48 -- -- 5.36
    Performance Differential (NAV - Index) -0.12 -0.31 0.25 -0.72 -0.58 -- -- -0.72
    After Tax Held -0.97 7.97 6.58 -0.68 -0.43 -- -- 2.35
    After Tax Sold -0.45 4.85 4.31 0.92 0.39 -- -- 2.55
    Quarter End as of 03/31/16
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    04/02/12
    IHY (NAV) 6.09 5.18 5.18 3.00 1.46 -- -- 4.23
    IHY (Share Price) 6.35 6.04 6.04 3.26 1.32 -- -- 4.17
    HXUS (Index) 6.24 4.79 4.79 3.69 2.13 -- -- 4.94
    Performance Differential (NAV - Index) -0.15 0.39 0.39 -0.69 -0.67 -- -- -0.71
    After Tax Held 5.90 4.54 4.54 0.75 -0.87 -- -- 1.95
    After Tax Sold 3.44 2.92 2.92 1.67 0.07 -- -- 2.25
  • Daily Holdings »Top 10 Holdings (%)as of 05/31/16

    Total Holdings: 454
    Holding Name
    Coupon
    Maturity
    Composite
    Rating
    Country
    Currency
    % of Net
    Assets
    Petrobras Global Finance Bv
    2.750
    01/15/2018
    BB
    Brazil
    EUR
    1.28
    Petrobras Global Finance Bv
    5.375
    01/27/2021
    BB
    Brazil
    USD
    1.14
    Reynolds Group Issuer Inc / Reynolds Gr
    5.750
    10/15/2020
    B+
    New Zealand
    USD
    1.07
    Itau Unibanco Holding Sa/Cayman Island
    5.125
    05/13/2023
    BB
    Brazil
    USD
    0.91
    Softbank Group Corp
    4.500
    04/15/2020
    BB+
    Japan
    USD
    0.89
    Altice Luxembourg Sa
    7.750
    05/15/2022
    B-
    Guernsey
    USD
    0.84
    Gazprom Oao Via Gaz Capital Sa
    4.950
    07/19/2022
    BB+
    Russian Federation
    USD
    0.78
    Telecom Italia Spa/Milano
    5.375
    01/29/2019
    BB+
    Italy
    EUR
    0.78
    Anglo American Capital Plc
    2.500
    04/29/2021
    BB
    United Kingdom
    EUR
    0.78
    Telecom Italia Spa/Milano
    5.250
    02/10/2022
    BB+
    Italy
    EUR
    0.77
    Top 10 Total (%)9.24

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

  • Country Weightings (%) as of 05/31/16

    • Country

      % of Net Assets
    • UNITED KINGDOM

      15.88
    • BRAZIL

      9.53
    • ITALY

      8.90
    • RUSSIA

      7.16
    • FRANCE

      6.53
    • CANADA

      5.86
    • GERMANY

      5.58
    • LUXEMBOURG

      3.81
    • CHINA

      3.73
    • NETHERLANDS

      3.13
    • SPAIN

      2.40
    • UNITED STATES

      2.31
    • MEXICO

      1.68
    • IRELAND

      1.43
    • SWITZERLAND

      1.37
    • SOUTH AFRICA

      1.31
    • VENEZUELA

      1.29
    • INDONESIA

      1.26
    • NEW ZEALAND

      1.07
    • INDIA

      1.04
    • Other/Cash

      14.74
  • Currency Exposure (%)
    as of 05/31/16

    • U.S. Dollar

      58.26
    • Euro

      33.12
    • British Pound

      6.48
    • Canadian Dollar

      0.67
    • Other/Cash

      1.46
  • Sector Weightings (%) as of 05/31/16

    • Sector

      % of Net Assets
    • Financial

      25.0
    • Communications

      16.0
    • Energy

      13.0
    • Basic Materials

      12.5
    • Consumer, Cyclical

      9.3
    • Consumer, Non-cyclical

      8.6
    • Industrial

      8.5
    • Utilities

      4.3
    • Diversified

      0.9
    • Technology

      0.3
    • Government

      0.1
    • Other/Cash

      1.5
  • Credit Quality (%)
    as of 05/31/16

    Composite % of Net Assets
    Investment Grade BBB 2.13
    Non-Investment Grade BB 63.10
    B 25.50
    CCC 4.05
    CC 0.10
    DD 0.04
    Total Investment Grade -- 2.13
    Total Non-Investment Grade -- 92.78
    Not Rated -- 4.61
    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 05/31/16

    Average Portfolio Maturity: 5.27 Years