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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 09/17/19

  • 30-Day SEC Yield1

    7.20%
  • Total Net Assets

    $304.7M
  • Number of Holdings

    591
  • Options

    Expected
  • Gross Expense Ratio2

    0.46%
  • Net Expense Ratio/TER2

    0.40%
  • Distribution Frequency

    Monthly
  • Next Distribution Date

    09/30/2019
1, 2, 10 See Important Disclosure

Country Weightings (%) as of 08/31/19

  • Country

    % of Net Assets
  • China

    12.11
  • Brazil

    9.48
  • Turkey

    9.21
  • Russia

    5.73
  • Argentina

    5.37
  • South Africa

    4.68
  • India

    4.48
  • Mexico

    4.38
  • United States

    3.15
  • Colombia

    3.11
  • Israel

    3.00
  • Uae

    2.68
  • Indonesia

    2.57
  • Kazakhstan

    2.33
  • Ukraine

    1.97
  • Azerbaijan

    1.84
  • Oman

    1.80
  • Singapore

    1.68
  • Zambia

    1.58
  • Bahrain

    1.35
  • Other/Cash

    17.50

Portfolio Composition (%)
as of 08/31/19

  • % of Net Assets
  • Stocks

    0.00
  • Bonds

    99.49
  • Other

    0.00
  • Cash

    0.51

Currency Exposure (%)
as of 08/31/19

  • U.S. Dollar

    99.49
  • Other/Cash

    0.51

Credit Quality (%) as of 08/31/19

Composite % of Net Assets
Investment Grade A 0.10
Non-Investment Grade BB 50.54
B 35.50
CCC 4.98
CC 0.11
Total Investment Grade -- 0.10
Total Non-Investment Grade -- 91.13
Not Rated -- 8.18
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.

3-YR Risk Measures*
as of 08/31/19

  • Beta vs. S&P 500 Index

    0.17
  • Correlation vs. S&P 500 Index

    0.40
  • Volatility (Standard Deviation)

    5.07
  • Sharpe Ratio

    0.45

Source: VanEck, 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 08/31/19

  • Sector

    % of Net Assets
  • Financial

    36.0
  • Energy

    14.4
  • Basic Materials

    11.5
  • Consumer, Non-cyclical

    8.3
  • Industrial

    6.7
  • Communications

    6.6
  • Utilities

    6.4
  • Consumer, Cyclical

    4.8
  • Government

    3.5
  • Diversified

    1.1
  • Technology

    0.2
  • Other/Cash

    0.5

Maturity (%) as of 08/31/19

 Average Portfolio Maturity: 4.97 Years