Share on Facebook Facebook | Share on StumbleUpon StumbleUpon |
Share on LinkedIn LinkedIn | Submit on Reddit reddit |
Tweet Twitter | Pin it Pinterest |
Share on Google+ Google+ | Share on Digg Digg |
Post to Tumblr Tumblr | Share on Delicious Delicious |
HYEMVanEck Vectors Emerging Markets High Yield Bond ETF
Fund Description
The VanEck Vectors® Emerging Markets High Yield Bond ETF (HYEM®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the ICE BofA Diversified High Yield US Emerging Markets Corporate Plus Index (EMLH), which is comprised of U.S. dollar-denominated bonds issued by non-sovereign emerging markets issuers that are rated below investment grade and that are issued in the major domestic and Eurobond markets.
-
Fund Ticker
HYEM -
Exchange
NYSE Arca -
ETF Structure
Physical -
Administrator
Van Eck Associates -
Custodian
State Street Bank and Trust Company -
Index Ticker
EMLH -
Index Rebalancing
Monthly -
2020 Preliminary NAIC
4.B
Designation10
as of 01/22/21
-
30-Day SEC Yield1
4.86% -
Total Net Assets
$447.6M -
Number of Holdings
774 -
Options
Expected -
Gross Expense Ratio2
0.47% -
Net Expense Ratio/TER2
0.40% -
Distribution Frequency
Monthly
Key Points
- Focuses solely on the non-sovereign segment of the high yield emerging markets bond market 7
- Currently lower average duration versus high yield U.S. corporate bonds8
- Lower historical default rates compared to high yield U.S. corporate bonds9
Yield
as of 01/22/21
-
30-Day SEC Yield1
4.86% -
Distribution Yield1
5.77% -
12-Month Yield1
5.61%
Fees & Expenses2
-
Management Fee
0.40% -
Other Expenses
0.07% -
Acquired Fund Fees and Expenses
-- -
Gross Expense Ratio
0.47% -
Fee Waivers andExpense Reimbursement
-0.07% -
Net Expense Ratio/TER2
0.40%
Trading Information
-
Fund Ticker
HYEM -
Index Total Return Ticker
EMLH -
NAV
HYEMNV -
Intraday NAV (IIV)5
HYEMIV -
Shares Outstanding
18,900,000 -
Estimated Cash
HYEMEU -
Total Cash
HYEMTC -
CUSIP
92189F353 -
ISIN
US92189F3534
Fundamentals4
as of 01/22/21
-
Yield to Worst
5.33% -
Yield to Maturity
5.58% -
Effective Duration (yrs)
3.05 -
Years to Maturity
4.44 -
Modified Duration (yrs)
3.52 -
Coupon
6.18%
Prices as of 01/22/21
Performance History: Average Annual Total Returns* (%)
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR | LIFE 05/08/12** |
|
---|---|---|---|---|---|---|---|---|
HYEM (NAV) | 1.90 | 6.30 | 6.75 | 6.75 | 4.96 | 7.56 | -- | 5.64 |
HYEM (Share Price) | 2.68 | 6.62 | 6.89 | 6.89 | 5.23 | 7.85 | -- | 5.72 |
EMLH (Index)** | 2.51 | 7.13 | 6.85 | 6.85 | 5.33 | 8.05 | -- | 6.29 |
Performance Differential (NAV - Index) | -0.61 | -0.83 | -0.10 | -0.10 | -0.37 | -0.49 | -- | -0.65 |
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR | LIFE 05/08/12** |
|
---|---|---|---|---|---|---|---|---|
HYEM (NAV) | 1.90 | 6.30 | 6.75 | 6.75 | 4.96 | 7.56 | -- | 5.64 |
HYEM (Share Price) | 2.68 | 6.62 | 6.89 | 6.89 | 5.23 | 7.85 | -- | 5.72 |
EMLH (Index)** | 2.51 | 7.13 | 6.85 | 6.85 | 5.33 | 8.05 | -- | 6.29 |
Performance Differential (NAV - Index) | -0.61 | -0.83 | -0.10 | -0.10 | -0.37 | -0.49 | -- | -0.65 |
Top 10 Holdings (%) as of 12/31/20 Daily Holdings
to view
full data
Holding Name |
Coupon
|
Maturity |
Composite
Rating |
Country†
|
Currency
|
% of Net Assets |
|
---|---|---|---|---|---|---|---|
TEVA PHARMACEUTICAL FINANCE NETHERLANDS |
3.150
|
10/01/2026
|
BB-
|
Israel
|
USD
|
0.74 | |
SOUTHERN GAS CORRIDOR CJSC |
6.875
|
03/24/2026
|
BB
|
Azerbaijan
|
USD
|
0.66 | |
TEVA PHARMACEUTICAL FINANCE NETHERLANDS |
2.800
|
07/21/2023
|
BB-
|
Israel
|
USD
|
0.65 | |
SBERBANK OF RUSSIA VIA SB CAPITAL SA |
5.125
|
10/29/2022
|
BB+
|
Russia
|
USD
|
0.58 | |
FIRST QUANTUM MINERALS LTD |
7.250
|
04/01/2023
|
CCC+
|
Zambia
|
USD
|
0.50 | |
BBVA BANCOMER SA/TEXAS |
6.750
|
09/30/2022
|
BB+
|
Spain
|
USD
|
0.48 | |
DP WORLD SALAAM |
6.000
|
07/01/2169
|
BB
|
Uae
|
USD
|
0.48 | |
KAZMUNAYGAS NATIONAL CO JSC |
5.750
|
04/19/2047
|
BB+
|
Kazakhstan
|
USD
|
0.47 | |
VTB BANK OJSC VIA VTB CAPITAL SA |
6.950
|
10/17/2022
|
B+
|
Russia
|
USD
|
0.47 | |
SASOL FINANCING USA LLC |
5.875
|
03/27/2024
|
BB
|
South Africa
|
USD
|
0.46 | |
Top 10 Total (%) | 5.48 |
These are not recommendations to buy or to sell any security. Securities and holdings may vary.
Country Weightings (%) as of 12/31/20
-
Country
% of Net Assets -
■
China
11.86 -
■
Brazil
10.06 -
■
Turkey
8.31 -
■
Mexico
6.99 -
■
India
6.35 -
■
Russia
5.73 -
■
South Africa
4.01 -
■
Israel
3.70 -
■
Argentina
3.69 -
■
Colombia
3.13 -
■
United States
2.75 -
■
Indonesia
2.54 -
■
Uae
2.52 -
■
Singapore
2.04 -
■
Zambia
1.88 -
■
Ukraine
1.61 -
■
Azerbaijan
1.43 -
■
Peru
1.41 -
■
Kazakhstan
1.38 -
■
Oman
1.29 -
■
Other/Cash
17.32
Currency Exposure (%)
as of 12/31/20
-
U.S. Dollar
99.93 -
Other/Cash
0.07
Sector Weightings (%) as of 12/31/20
-
Sector
% of Net Assets -
■
Financials
43.6 -
■
Basic Materials
11.6 -
■
Energy
11.5 -
■
Industrials
7.4 -
■
Real Estate
5.9 -
■
Utilities
5.2 -
■
Consumer Non-Cyclicals
4.3 -
■
Technology
3.4 -
■
Healthcare
3.3 -
■
Consumer Cyclicals
2.7 -
■
Government Activity
0.9 -
■
Academic & Educational Service
0.0 -
■
Other/Cash
0.1
Credit Quality (%) as of 12/31/20
Composite | % of Net Assets | |
---|---|---|
Non-Investment Grade | BB | 57.71 |
B | 28.92 | |
CCC | 10.32 | |
CC | 0.34 | |
Total Non-Investment Grade | -- | 97.29 |
Not Rated | -- | 2.60 |
Maturity (%) as of 12/31/20
Average Portfolio Maturity: 4.49 Years