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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
  • Index Key Points

    VanEck Vectors US Treasury-Hedged High Yield Bond Index (MVTHHY)


    Index Composition:

    The long positions in the Index are comprised of U.S. below-investment grade corporate bond issues with a minimum outstanding of $500 million, denominated in U.S. dollars, by issuers incorporated in the U.S. The short portfolio of the Index comprises the cheapest-to-deliver 5-year United States Treasury note in the equivalent dollar amount of the total long high-yield positions.

    Index Weighting: 
    Constituents comprising the long positions in the Index are modified market capitalization-weighted issuers capped at 3%. The excess weight shall be redistributed proportionately across the other Long Portfolio constituents.

    The short and long positions are rebalanced on a monthly basis.


    Index Provider:MV Index Solutions

  • Index Profile

    • Ticker

      MVTHHY
    • Inception Date

      02/05/2013
    • Rebalance Frequency

      Monthly
  • Index Fundamentals4
    as of 06/23/16

    • Yield to Worst

      5.04%
    • Yield to Maturity

      5.41%
    • Effective Duration (yrs)

      -0.35
    • Years to Maturity (yrs)

      9.59
    • Coupon

      6.46%
     4 See Important Disclosure for definitions.
  • Top 10 Long Constituents (%) as of 05/31/16

    Total Constituents: 860
    Constituent Name
    Coupon
    MaturityWeighting (%)
    Bank Of America Corp
    8.125
    12/29/2049
    0.54
    Frontier Communications
    11.000
    09/15/2025
    0.48
    First Data Corporation
    0.000
    01/01/1900
    0.46
    Western Digital Corp
    0.000
    01/01/1900
    0.44
    Reynolds Grp Iss/Reynold
    5.750
    10/15/2020
    0.43
    Hca Inc
    6.500
    02/15/2020
    0.43
    Sprint Nextel Corp
    9.000
    11/15/2018
    0.43
    Sprint Corp
    7.875
    09/15/2023
    0.43
    Tenet Healthcare Corp
    8.125
    04/01/2022
    0.37
    Slm Corp
    8.450
    06/15/2018
    0.36
    Top 10 Total (%)4.37
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.
  • Short Constituents (%) as of 05/31/16

    Total Constituents: 1
    Constituent Name
    Coupon
    MaturityWeighting (%)
    Us Treasury N/B
    0.000
    --
    -100.00
    Total (%)-100.00
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.
  • Index Credit Quality (%)
    as of 05/31/16

    Composite % of Net Assets
    Investment Grade BBB 0.48
    Non-Investment Grade BB 52.27
    B 35.38
    CCC 10.92
    CC 0.24
    DDD+ 0.06
    Total Investment Grade -- 0.48
    Total Non-Investment Grade -- 98.86
    Not Rated -- 0.66
    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.  The credit breakdown presented above only includes 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.