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IHY Market Vectors International High Yield Bond ETF

  • Fund Description

    The Market 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 04/28/16

    • 30-Day SEC Yield1

      6.14%
    • Total Net Assets

      $130.0M
    • Number of Holdings

      452
    • Options

      Available
    • Gross Expense Ratio2

      0.54%
    • Net Expense Ratio/TER2

      0.40%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      04/29/2016
    1, 2, 7 See Important Disclosure
  • Morningstar™ Ratings**
    as of 3/31/16

    Category Overall 3 Year 5 Year
    World Bond
        
    4 of 320 Funds
        
    4 of 320 Funds
    --
  • Key Points

    • Diversify With Exposure to Non-U.S. High-Yield Bonds, Over a Third of the Global High-Yield Market

    • 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
  • Yield
    as of 04/28/16

    • 30-Day SEC Yield1

      6.14%
    • Distribution Yield1

      5.58%
    • 12-Month Yield1

      5.41%
     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

      57061R205
    • ISIN

      US57061R2058
    5See IIV Details. Source: Bloomberg
  • Fundamentals4
    as of 04/27/16

    • Yield to Worst

      6.79%
    • Yield to Maturity

      7.16%
    • Effective Duration (yrs)

      3.64
    • Years to Maturity

      5.26
    • Modified Duration (yrs)

      3.96
    • Coupon

      6.28%
     4 See Important Disclosure for definitions.
  • Prices as of 04/28/16

    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 $24.07
    $24.05
    24,244
    6,110
    $0.08 / +0.34%
    $0.11 / +0.45%
    +7.8%
    +8.8%
    $-0.02
    -0.08%
  • 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) 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
    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 03/31/16

    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
    1.26
    Petrobras Global Finance Bv
    2.750
    01/15/2018
    BB
    Brazil
    EUR
    1.23
    Reynolds Group Issuer Inc / Reynolds Gr
    5.750
    10/15/2020
    B+
    New Zealand
    USD
    1.10
    Itau Unibanco Holding Sa/Cayman Island
    5.125
    05/13/2023
    BB
    Brazil
    USD
    0.94
    Gazprom Oao Via Gaz Capital Sa
    9.250
    04/23/2019
    BB+
    Russian Federation
    USD
    0.83
    Softbank Group Corp
    4.500
    04/15/2020
    BB+
    Japan
    USD
    0.81
    Telecom Italia Spa/Milano
    5.375
    01/29/2019
    BB+
    Italy
    EUR
    0.81
    Telecom Italia Spa/Milano
    5.250
    02/10/2022
    BB+
    Italy
    EUR
    0.78
    Gazprom Oao Via Gaz Capital Sa
    4.950
    07/19/2022
    BB+
    Russian Federation
    USD
    0.76
    Anglo American Capital Plc
    2.500
    04/29/2021
    BB
    United Kingdom
    EUR
    0.75
    Top 10 Total (%)9.27

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

  • Country Weightings (%) as of 03/31/16

    • Country

      % of Net Assets
    • UNITED KINGDOM

      15.45
    • ITALY

      8.98
    • RUSSIA

      8.00
    • BRAZIL

      7.90
    • GERMANY

      6.34
    • CANADA

      5.84
    • FRANCE

      5.80
    • LUXEMBOURG

      4.18
    • CHINA

      4.16
    • UNITED STATES

      2.55
    • SPAIN

      2.52
    • MEXICO

      1.73
    • LIECHTENSTEIN

      1.51
    • IRELAND

      1.47
    • SWITZERLAND

      1.40
    • NETHERLANDS

      1.39
    • SOUTH AFRICA

      1.32
    • VENEZUELA

      1.30
    • INDONESIA

      1.23
    • NEW ZEALAND

      1.10
    • Other/Cash

      15.82
  • Currency Exposure (%)
    as of 03/31/16

    • U.S. Dollar

      57.70
    • Euro

      33.26
    • British Pound

      6.38
    • Canadian Dollar

      0.74
    • Other/Cash

      1.92
  • Sector Weightings (%) as of 03/31/16

    • Sector

      % of Net Assets
    • Financial

      26.2
    • Communications

      15.9
    • Energy

      13.4
    • Basic Materials

      11.0
    • Consumer, Cyclical

      9.5
    • Industrial

      8.7
    • Consumer, Non-cyclical

      8.0
    • Utilities

      4.3
    • Diversified

      0.6
    • Technology

      0.3
    • Government

      0.1
    • Other/Cash

      1.9
  • Credit Quality (%)
    as of 03/31/16

    Composite % of Net Assets
    Investment Grade BBB 1.00
    Non-Investment Grade BB 63.43
    B 26.33
    CCC 4.07
    CC 0.11
    DD 0.04
    Total Investment Grade -- 1.00
    Total Non-Investment Grade -- 93.97
    Not Rated -- 4.53
    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 03/31/16

    Average Portfolio Maturity: 5.22 Years