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HYEM
VanEck 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 BofAML 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
  • Commencement

    05/08/2012
  • ETF Structure

    Physical
  • Administrator

    Van Eck Associates
  • Custodian

    Bank of New York Mellon
  • Index Ticker

    EMLH
  • Index Rebalancing

    Monthly
  • 2019 Preliminary NAIC
    Designation10

    4

 
as of 06/14/19

  • 30-Day SEC Yield1

    6.87%
  • Total Net Assets

    $280.6M
  • Number of Holdings

    547
  • Options

    Expected
  • Gross Expense Ratio2

    0.45%
  • Net Expense Ratio/TER2

    0.40%
  • Distribution Frequency

    Monthly
  • Next Distribution Date

    06/28/2019
1, 2, 10 See Important Disclosure

Morningstar™ Ratings3
as of 05/31/2019

Category Overall 3 Year 5 Year
Emerging Markets Bond
4 stars of 236 funds
4 stars of 236 funds
4 stars of 178 funds

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 06/14/19

  • 30-Day SEC Yield1

    6.87%
  • Distribution Yield1

    7.26%
  • 12-Month Yield1

    6.01%
 1 See Important Disclosure for definitions.

Fees & Expenses2

  • Management Fee

    0.40%
  • Other Expenses

    0.05%
  • Acquired Fund Fees and Expenses

    --
  • Gross Expense Ratio

    0.45%
  • Fee Waivers and
    Expense Reimbursement

    -0.05%
  • Net Expense Ratio/TER2

    0.40%
2Expenses for HYEM are capped contractually at 0.40% until September 1, 2019. Cap excludes acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses.

Trading Information

  • Fund Ticker

    HYEM
  • Index Total Return Ticker

    EMLH
  • NAV

    HYEMNV
  • Intraday NAV (IIV)5

    HYEMIV
  • Shares Outstanding

    12,000,000
  • Estimated Cash

    HYEMEU
  • Total Cash

    HYEMTC
  • CUSIP

    92189F353
  • ISIN

    US92189F3534
5See IIV Details. Source: Bloomberg

Fundamentals4
as of 06/13/19

  • Yield to Worst

    7.16%
  • Yield to Maturity

    7.24%
  • Effective Duration (yrs)

    3.53
  • Years to Maturity

    4.94
  • Modified Duration (yrs)

    3.73
  • Coupon

    6.37%
 4 See Important Disclosure for definitions.

Prices as of 06/14/19

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
HYEM $23.39
$23.46
144,516
52,058
$0.01 / +0.05%
$-0.05 / -0.19%
+7.80%
+8.08%
$0.07
0.29%

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) -0.01 0.98 6.49 5.51 5.84 3.89 -- 5.17
HYEM (Share Price) 0.25 2.03 7.13 6.94 6.03 3.94 -- 5.27
EMLH (Index)** -0.02 1.08 6.28 5.90 6.37 4.53 -- 5.83
Performance Differential (NAV - Index) 0.01 -0.10 0.21 -0.39 -0.53 -0.64 -- -0.66
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
05/08/12**
HYEM (NAV) 0.45 5.93 5.93 2.75 6.76 4.53 -- 5.22
HYEM (Share Price) 1.02 6.07 6.07 3.13 6.70 4.40 -- 5.25
EMLH (Index)** 0.52 5.69 5.69 3.02 7.36 5.19 -- 5.90
Performance Differential (NAV - Index) -0.07 0.24 0.24 -0.27 -0.60 -0.66 -- -0.68

Top 10 Holdings (%) as of 05/31/19 Daily Holdings

Total Holdings: 547
Swipe
to view
full data
Holding Name
Coupon
Maturity
Composite
Rating
Country
Currency
% of Net
Assets
Southern Gas Corridor Cjsc
6.875
03/24/2026
BB
Azerbaijan
USD
0.78
Dae Funding Llc
5.000
08/01/2024
BB
United Arab Emirates
USD
0.73
Sberbank Of Russia Via Sb Capital Sa
5.125
10/29/2022
BB+
Russian Federation
USD
0.72
Abja Investment Co Pte Ltd
5.950
07/31/2024
BB-
India
USD
0.64
Eskom Holdings Soc Ltd
5.750
01/26/2021
CCC+
South Africa
USD
0.60
Teva Pharmaceutical Finance Netherlands
2.200
07/21/2021
BB
Israel
USD
0.60
Turkiye Is Bankasi As
6.000
10/24/2022
B-
Turkey
USD
0.59
Teva Pharmaceutical Finance Netherlands
3.150
10/01/2026
BB
Israel
USD
0.57
Yapi Ve Kredi Bankasi As
5.500
12/06/2022
B
Turkey
USD
0.57
Ypf Sa
8.500
07/28/2025
B
Argentina
USD
0.56
Top 10 Total (%) 6.36

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

†See Country of Risk disclosure. These are not recommendations to buy or to sell any security. Securities and holdings may vary. Source: Bloomberg.  Rating is a proprietary composite of various rating agencies. A bond must be rated by two or more rating agencies to receive a composite rating; otherwise it is classified as Not Rated.

Country Weightings (%) as of 05/31/19

  • Country

    % of Net Assets
  • CHINA

    12.24
  • BRAZIL

    9.14
  • TURKEY

    8.84
  • ARGENTINA

    7.47
  • RUSSIA

    6.04
  • SOUTH AFRICA

    4.69
  • INDIA

    4.08
  • MEXICO

    3.99
  • COLOMBIA

    3.32
  • ISRAEL

    2.89
  • UNITED STATES

    2.87
  • INDONESIA

    2.75
  • UAE

    2.66
  • KAZAKHSTAN

    2.26
  • AZERBAIJAN

    1.90
  • UKRAINE

    1.84
  • OMAN

    1.79
  • ZAMBIA

    1.52
  • BERMUDA

    1.47
  • SINGAPORE

    1.33
  • Other/Cash

    16.90

Currency Exposure (%)
as of 05/31/19

  • U.S. Dollar

    99.28
  • Other/Cash

    0.72

Sector Weightings (%) as of 05/31/19

  • Sector

    % of Net Assets
  • Financial

    35.1
  • Energy

    14.4
  • Basic Materials

    11.3
  • Consumer, Non-cyclical

    8.2
  • Utilities

    6.9
  • Communications

    6.8
  • Industrial

    6.0
  • Government

    5.0
  • Consumer, Cyclical

    4.6
  • Diversified

    0.8
  • Technology

    0.1
  • Other/Cash

    0.7

Credit Quality (%) as of 05/31/19

Composite % of Net Assets
Non-Investment Grade BB 51.36
B 38.00
CCC 3.16
CC 0.26
Total Non-Investment Grade -- 92.78
Not Rated -- 6.48
Source: Bloomberg.  Rating is a proprietary composite of various rating agencies. A bond must be rated by two or more rating agencies to receive a composite rating; otherwise it is classified as Not Rated.

Maturity (%) as of 05/31/19

 Average Portfolio Maturity: 4.96 Years