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International High Yield Bond ETF IHY

  • Full Name: Market Vectors®
    International High Yield Bond ETF (IHY)

    Management Style: Sampling

    Underlying Index: The BofA Merrill Lynch Global ex-US Issuers High Yield Constrained Index (HXUS)

    Index Provider: BofA Merrill Lynch

    Index Description: HXUS is comprised of below investment-grade debt issued by corporations located throughout the world (which may include emerging market countries) excluding the United States denominated in Euros, U.S. dollars, Canadian dollars or pound sterling issued 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 11/21/14

    • 30-Day SEC Yield1

      5.37%
    • Total Net Assets

      $196.9M
    • Number of Holdings

      504
    • Options

      Expected
    • Gross Expense Ratio2

      0.58%
    • Net Expense Ratio/TER2

      0.40%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      11/28/2014
    1, 2, 7 See Important Disclosure
  • Index Key Points

    The BofA Merrill Lynch Global ex-US Issuers High Yield Constrained Index (HXUS) comprises: 

    Below investment grade debt issued by corporations located throughout the world, which may include emerging market countries, excluding the United States, denominated in Euros, U.S. dollars, Canadian dollars or pounds sterling issued in the major domestic or Eurobond markets.

    Index Weighting:
    Index constituents are capitalization-weighted, based on their current amount outstanding, provided the total allocation to an individual issuer does not exceed 2%. Issuers that exceed the limit are reduced to 2% and the face value of each of their bonds is adjusted on a pro-rata basis. Similarly, the face value of bonds of all other issuers that fall below the 2% cap are increased on a pro-rata basis.

    Index Provider: BofA Merrill Lynch

  • Index Profile

    • Ticker

      HXUS
    • Inception Date

      03/20/2012
    • Rebalance Frequency

      Monthly
  • Index Fundamentals4
    as of 11/20/14

    • Yield to Worst

      6.04%
    • Yield to Maturity

      6.36%
    • Effective Duration (yrs)

      3.86
    • Modified Duration (yrs)

      4.17
    • Years to Maturity

      5.39
    • Coupon

      6.78%
     4 See Important Disclosure for definitions.
  • Top 10 Constituents (%)as of 10/31/14

    Total Constituents: 1607
    Constituent Name
    Coupon
    Maturity Weighting (%)
    Barclays Bank Plc
    0.000
    01/01/1900
    0.68
    Petroleos De Venezuela S
    8.500
    11/02/2017
    0.52
    Numericable Group Sa
    0.000
    01/01/1900
    0.43
    Altice Sa
    0.000
    01/01/1900
    0.32
    Lloyds Tsb Bank Plc
    12.000
    12/29/2049
    0.31
    Royal Bk Of Scotland Plc
    6.934
    04/09/2018
    0.31
    Wind Acquisition Fin Sa
    0.000
    01/01/1900
    0.29
    Altice Sa
    0.000
    01/01/1900
    0.29
    Petroleos De Venezuela S
    0.000
    01/01/1900
    0.28
    Wind Acquisition Fin Sa
    4.000
    07/15/2020
    0.27
    Top 10 Total (%)3.70
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.
  • Index Country Weightings (%)
    as of 10/31/14

    • Country

      % of Net Assets
    • UNITED KINGDOM

      12.2
    • ITALY

      12.1
    • FRANCE

      8.4
    • GERMANY

      7.4
    • CANADA

      5.6
    • RUSSIA

      4.4
    • CHINA

      4.1
    • BRAZIL

      4.0
    • NA / UNDEFINED

      3.8
    • LUXEMBOURG

      3.6
    • SPAIN

      3.2
    • NETHERLANDS

      2.9
    • PORTUGAL

      2.4
    • MEXICO

      2.3
    • VENEZUELA

      1.5
    • INDONESIA

      1.4
    • IRELAND

      1.3
    • INDIA

      1.2
    • SOUTH AFRICA

      1.0
    • AUSTRALIA

      1.0
    • OTHERS

      16.2
  • Index Sector Weightings (%)
    as of 10/31/14

    • Sector

      % of Net Assets
    • Financial

      30.0
    • Communications

      17.3
    • Industrial

      12.0
    • Consumer, Cyclical

      10.4
    • Basic Materials

      9.8
    • Energy

      7.0
    • Consumer, Non-cyclical

      6.8
    • Utilities

      4.6
    • Diversified

      1.1
    • Technology

      0.8
    • OTHERS

      0.1
  • Index Credit Quality (%)
    as of 10/31/14

    Composite % of Net Assets
    Investment Grade BBB 1.61
    Non-Investment Grade BB 54.92
    B 27.86
    CCC 5.21
    CC 0.12
    C 0.18
    DDD 0.04
    Total Investment Grade 1.61
    Total Non-Investment Grade 88.32
    Not Rated 10.07
    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 10/31/14

    Average Maturity: 5.43 Years