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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 02/11/16

    • 30-Day SEC Yield1

      7.99%
    • Total Net Assets

      $119.9M
    • Number of Holdings

      458
    • Options

      Available
    • Gross Expense Ratio2

      0.54%
    • Net Expense Ratio/TER2

      0.40%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      02/29/2016
    1, 2, 7 See Important Disclosure
  • Country Weightings (%) as of 01/31/16

    • Country

      % of Net Assets
    • UNITED KINGDOM

      15.29
    • ITALY

      9.17
    • RUSSIA

      8.29
    • BRAZIL

      7.53
    • GERMANY

      6.91
    • FRANCE

      5.93
    • CANADA

      4.67
    • CHINA

      4.47
    • LUXEMBOURG

      4.24
    • SPAIN

      2.80
    • UNITED STATES

      2.43
    • NETHERLANDS

      2.16
    • MEXICO

      1.71
    • LIECHTENSTEIN

      1.59
    • SWITZERLAND

      1.53
    • INDONESIA

      1.22
    • VENEZUELA

      1.19
    • INDIA

      1.18
    • SOUTH AFRICA

      1.16
    • NEW ZEALAND

      1.12
    • Other/Cash

      15.41
  • Portfolio Composition (%)
    as of 01/31/16

    • % of Net Assets
    • Stocks

      0.00
    • Bonds

      99.21
    • Other

      0.00
    • Cash

      0.79
  • Currency Exposure (%)
    as of 01/31/16

    • U.S. Dollar

      57.86
    • Euro

      33.23
    • British Pound

      7.43
    • Canadian Dollar

      0.70
    • Other/Cash

      0.78
  • Credit Quality (%)
    as of 01/31/16

    Composite % of Net Assets
    Investment Grade BBB 0.35
    Non-Investment Grade BB 63.13
    B 26.92
    CCC 3.98
    CC 0.33
    DD 0.04
    Total Investment Grade -- 0.35
    Total Non-Investment Grade -- 94.40
    Not Rated -- 4.66
    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.
  • 3-YR Risk Measures*
    as of 01/31/16

    • Beta vs. S&P 500 Index

      0.41
    • Correlation vs. S&P 500 Index

      0.67
    • Volatility (Standard Deviation)

      6.68
    • Sharpe Ratio

      -0.16

    Source: Van Eck Global, FactSet

    *Beta is a measure of sensitivity to market movements. Correlation measures the extent of linear association between the ETF performance and the index performance. Volatility is the annualized standard deviation of the ETF's monthly returns. Sharpe ratio measures risk-adjusted return, and represents the ETF's return less the risk free rate divided by the standard deviation. See S&P 500 Index definition.6

  • Sector Weightings (%) as of 01/31/16

    • Sector

      % of Net Assets
    • Financial

      28.4
    • Communications

      16.7
    • Energy

      12.4
    • Consumer, Cyclical

      9.8
    • Basic Materials

      9.2
    • Industrial

      9.0
    • Consumer, Non-cyclical

      8.2
    • Utilities

      4.3
    • Diversified

      0.7
    • Technology

      0.3
    • Government

      0.1
    • Other/Cash

      0.8