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THHY VanEck Vectors Treasury-Hedged High Yield Bond ETF

  • Fund Description

    The VanEck Vectors Treasury-Hedged High Yield Bond ETF (THHY®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS U.S. Treasury-Hedged High Yield Bond Index (MVTHHY) , which was designed to provide exposure to below investment grade corporate bonds, denominated in U.S. dollars.

  •  
      

    • Fund Ticker

      THHY
    • Exchange

      NYSE Arca
    • Commencement

      03/21/2013
    • ETF Structure

      Physical
    • Administrator

      Van Eck Associates
    • Custodian

      Bank of New York Mellon
    • Index Ticker

      MVTHHY
    • Index Rebalancing

      Monthly
  •  
    as of 06/24/16

    • 30-Day SEC Yield1

      5.73%
    • Total Net Assets

      $4.4M
    • Number of Holdings

      122
    • Options

      Expected
    • Gross Expense Ratio2

      1.44%
    • Net Expense Ratio/TER2

      0.50%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      06/30/2016
  • Morningstar™ Ratings3
    as of 5/31/16

    Category Overall 3 Year 5 Year
    Nontraditional Bond
       
    3 stars of 241 Funds
       
    3 stars of 241 Funds
    -
  • Key Points

    • Designed to hedge the risk of rising interest rates while offering income potential from high-yield bonds 

    • Offers near-zero duration by tracking an index that combines high-yield bonds with short positions in 5-Year U.S. Treasury notes 

    • Presents relatively greater risk of loss than unhedged high-yield bond funds in "risk-off" environment: when U.S. Treasuries rally and high-yield bonds decline
  • Yield
    as of 06/24/16

    • 30-Day SEC Yield1

      5.73%
    • Distribution Yield1

      5.09%
    • 12-Month Yield1

      5.13%
     1 See Important Disclosure for definitions.
  • Fees and Expenses2

    • Management Fee

      0.45%
    • Other Expenses

      0.99%
    • Short Interest Expense and Cost to Borrow

      --
    • Acquired Fund Fees and Expenses

      --
    • Gross Expense Ratio

      1.44%
    • Fee Waivers and
      Expense Reimbursement

      -0.94%
    • Net Expense Ratio/TER2

      0.50%
    2Expenses for the Fund are capped contractually at 0.50% until 09/01/16. Cap excludes certain expenses, such as interest and costs to borrow on securities sold short.
  • Trading Information

    • Fund Ticker

      THHY
    • Index Total Return Ticker

      MVTHHY
    • NAV

      THHYNV
    • Intraday NAV (IIV)5

      THHYIV
    • Shares Outstanding

      200,000
    • Estimated Cash

      THHYEU
    • Total Cash

      THHYTC
    • CUSIP

      92189F395
    • ISIN

      US92189F3955
    5See IIV Details. Source: Bloomberg
  • Fundamentals4
    as of 06/23/16

    • Yield to Worst

      5.95%
    • Yield to Maturity

      6.23%
    • Effective Duration (yrs)

      -0.63
    • Years to Maturity (yrs)

      10.39
    • Coupon

      6.53%
     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
    THHY $22.11
    $22.02
    615
    700
    -$0.41 / -1.82%
    $-0.41 / -1.81%
    +3.1%
    +3.3%
    $-0.09
    -0.42%
  • 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
    03/21/13
    THHY (NAV) 0.92 7.19 4.75 -2.49 0.75 -- -- 1.17
    THHY (Share Price) 0.57 7.13 4.17 -3.16 0.47 -- -- 0.80
    MVTHHY (Index) 0.96 8.53 5.45 -2.47 0.99 -- -- 1.52
    Performance Differential (NAV - Index) -0.04 -1.34 -0.70 -0.02 -0.24 -- -- -0.35
    After Tax Held 0.72 6.62 3.79 -4.58 -1.24 -- -- -0.74
    After Tax Sold 0.52 4.06 2.66 -1.44 -0.32 -- -- 0.04
    Quarter End as of 03/31/16
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    03/21/13
    THHY (NAV) 2.93 0.58 0.58 -5.37 -0.04 -- -- -0.11
    THHY (Share Price) 3.35 0.50 0.50 -6.13 -0.38 -- -- -0.35
    MVTHHY (Index) 3.68 0.74 0.74 -5.77 0.12 -- -- 0.08
    Performance Differential (NAV - Index) -0.75 -0.16 -0.16 0.40 -0.16 -- -- -0.19
    After Tax Held 2.76 0.03 0.03 -7.34 -1.93 -- -- -1.98
    After Tax Sold 1.66 0.33 0.33 -3.01 -0.84 -- -- -0.88
  • Daily Holdings »Top 10 Long Holdings (%)as of 05/31/16

    Total Holdings: 122
    Holding Name
    Coupon
    Maturity
    Composite
    Rating
    Currency
    % of Net
    Assets
    Hca Inc
    6.500
    02/15/2020
    BB+
    USD
    2.74
    Ally Financial Inc
    8.000
    11/01/2031
    BB
    USD
    2.47
    Dish Dbs Corp
    5.875
    07/15/2022
    BB-
    USD
    2.20
    Bank Of America Corp
    8.000
    12/29/2049
    BB+
    USD
    1.76
    Reynolds Group Issuer Inc / Reynolds Gr
    5.750
    10/15/2020
    B+
    USD
    1.71
    First Data Corp
    7.000
    12/01/2023
    CCC+
    USD
    1.64
    T-Mobile Usa Inc
    6.625
    04/01/2023
    BB-
    USD
    1.60
    Sprint Communications Inc
    8.375
    08/15/2017
    B
    USD
    1.57
    Tenet Healthcare Corp
    4.750
    06/01/2020
    BB-
    USD
    1.56
    Centurylink Inc
    5.800
    03/15/2022
    BB
    USD
    1.46
    Top 10 Total (%)18.70

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

  • View All Holdings »Short Holdings as of 05/31/16

    Total Holdings: 1
    Holding Name
    Contracts
    Notional Amount
    (US$)
    Market Value
    (US$)
    Us 5yr Note (Cbt) Jun16
    -36
    -4,339,688-4,340
    Total-4,340

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

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

    Composite % of Net Assets
    Non-Investment Grade BB 60.33
    B 30.91
    CCC 8.13
    Total Non-Investment Grade -- 99.38
    Not Rated -- 0.43
    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. The credit breakdown presented above includes only the aggregate of the long positions.
  • Maturity (%) as of 05/31/16

    Average Portfolio Maturity: 10.38 Years

    *Maturity breakdown presented above only includes the Long Portfolio of the Fund. Years to Maturity is the length of time until a fixed-income investment returns its original investment.