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IHY
VanEck Vectors International High Yield Bond ETF

  • Fund Description

    The VanEck 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 12/08/16

    • 30-Day SEC Yield1

      5.04%
    • Total Net Assets

      $153.6M
    • Number of Holdings

      449
    • Options

      Available
    • Gross Expense Ratio2

      0.61%
    • Net Expense Ratio/TER2

      0.40%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      12/16/2016
    1, 2, 7 See Important Disclosure
  • Morningstar™ Ratings**
    as of 11/30/16

    Category Overall 3 Year 5 Year
    World Bond
       
    3 stars of 319 Funds
       
    3 stars of 319 Funds
    --
  • Key Points

    Diversified non-U.S. high yield exposure
    International high yield bonds represent over 45% of the global high-yield market8
    Higher credit quality
    Historically lower default rates than U.S. high-yield bonds9
    Reduced interest rate risk
    Historically lower duration than U.S. high-yield bonds10
  • Yield
    as of 12/08/16

    • 30-Day SEC Yield1

      5.04%
    • Distribution Yield1

      4.70%
    • 12-Month Yield1

      5.14%
     1 See Important Disclosure for definitions.
  • Fees & Expenses2

    • Management Fee

      0.40%
    • Other Expenses

      0.21%
    • Acquired Fund Fees and Expenses

      --
    • Gross Expense Ratio

      0.61%
    • Fee Waivers and
      Expense Reimbursement

      -0.21%
    • Net Expense Ratio/TER2

      0.40%
    2Expenses for IHY are capped contractually at 0.40% until 09/01/17. Cap excludes certain expenses, such as interest.
  • Trading Information

    • Fund Ticker

      IHY
    • Index Total Return Ticker

      HXUS
    • NAV

      IHYNV
    • Intraday NAV (IIV)5

      IHYIV
    • Shares Outstanding

      6,400,000
    • Estimated Cash

      IHYEU
    • Total Cash

      IHYTC
    • CUSIP

      92189F445
    • ISIN

      US92189F4458
    5See IIV Details. Source: Bloomberg
  • Fundamentals4
    as of 12/08/16

    • Yield to Worst

      5.41%
    • Yield to Maturity

      5.91%
    • Effective Duration (yrs)

      3.49
    • Years to Maturity

      5.19
    • Modified Duration (yrs)

      3.93
    • Coupon

      6.13%
     4 See Important Disclosure for definitions.
  • Prices as of 12/08/16

    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
    IHY $24.01
    $24.00
    65,033
    33,865
    -$0.08 / -0.35%
    $-0.20 / -0.82%
    +11.1%
    +12.2%
    $-0.01
    -0.02%
  • View All IndicesView All ETFsPerformance History: Average Annual Total Returns* (%)

    1 MO*3 MO*YTD*1 YR3 YR5 YR10 YRLIFE
    04/02/12
    IHY (NAV)-1.74-1.8310.238.021.17----4.66
    IHY (Share Price)-1.79-2.2810.767.950.87----4.53
    HXUS (Index)-1.92-1.8010.358.571.70----5.38
    Performance Differential (NAV - Index)0.18-0.03-0.12-0.55-0.53-----0.72
    After Tax Held-1.91-2.347.965.58-0.99----2.37
    After Tax Sold-0.98-1.035.754.49-0.10----2.56
    Quarter End as of 09/30/16
    1 MO*3 MO*YTD*1 YR3 YR5 YR10 YRLIFE
    04/02/12
    IHY (NAV)0.614.5812.9612.162.93----5.41
    IHY (Share Price)0.934.8314.4012.743.19----5.46
    HXUS (Index)0.634.9113.0813.093.53----6.16
    Performance Differential (NAV - Index)-0.02-0.33-0.12-0.93-0.60-----0.75
    After Tax Held0.434.0111.029.600.61----3.10
    After Tax Sold0.342.597.276.781.16----3.12
  • Daily HoldingsTop 10 Holdings (%)as of 11/30/16

    Total Holdings: 440
    Holding Name
    Coupon
    Maturity
    Composite
    Rating
    Country
    Currency
    % of Net
    Assets
    Petrobras Global Finance Bv
    5.375
    01/27/2021
    B+
    Brazil
    USD
    1.21
    Reynolds Group Issuer Inc / Reynolds Gr
    5.750
    10/15/2020
    B
    New Zealand
    USD
    0.92
    Itau Unibanco Holding Sa/Cayman Island
    5.125
    05/13/2023
    BB-
    Brazil
    USD
    0.91
    Softbank Group Corp
    4.500
    04/15/2020
    BB+
    Japan
    USD
    0.85
    Altice Luxembourg Sa
    7.750
    05/15/2022
    B-
    Luxembourg
    USD
    0.83
    Anglo American Capital Plc
    2.500
    04/29/2021
    BB
    United Kingdom
    EUR
    0.82
    Petrobras Global Finance Bv
    3.250
    04/01/2019
    B+
    Brazil
    EUR
    0.81
    Telecom Italia Spa/Milano
    5.250
    02/10/2022
    BB+
    Italy
    EUR
    0.80
    Vale Overseas Ltd
    4.375
    01/11/2022
    BB+
    Brazil
    USD
    0.78
    Gazprom Oao Via Gaz Capital Sa
    4.950
    07/19/2022
    BB+
    Russian Federation
    USD
    0.76
    Top 10 Total (%)8.69

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

  • Country Weightings (%) as of 11/30/16

    • Country

      % of Net Assets
    • UNITED KINGDOM

      12.14
    • BRAZIL

      10.55
    • ITALY

      8.24
    • RUSSIA

      6.68
    • CANADA

      6.58
    • LUXEMBOURG

      5.79
    • FRANCE

      5.36
    • GERMANY

      4.79
    • CHINA

      4.30
    • NETHERLANDS

      4.04
    • SPAIN

      2.53
    • UNITED STATES

      2.53
    • TURKEY

      2.41
    • MEXICO

      1.67
    • SOUTH AFRICA

      1.37
    • VENEZUELA

      1.32
    • SWITZERLAND

      1.18
    • COLOMBIA

      1.14
    • INDIA

      1.06
    • KAZAKHSTAN

      0.92
    • Other/Cash

      15.39
  • Currency Exposure (%)
    as of 11/30/16

    • U.S. Dollar

      60.90
    • Euro

      31.17
    • British Pound

      5.56
    • Canadian Dollar

      0.59
    • Other/Cash

      1.78
  • Sector Weightings (%) as of 11/30/16

    • Sector

      % of Net Assets
    • Financial

      24.7
    • Communications

      16.3
    • Energy

      14.1
    • Basic Materials

      12.9
    • Consumer, Cyclical

      8.2
    • Industrial

      8.1
    • Consumer, Non-cyclical

      8.0
    • Utilities

      4.1
    • Technology

      0.9
    • Diversified

      0.7
    • Government

      0.1
    • Other/Cash

      1.8
  • Credit Quality (%) as of 11/30/16

    Composite % of Net Assets
    Investment Grade BBB 0.08
    Non-Investment Grade BB 64.51
    B 29.29
    CCC 5.43
    CC 0.11
    C 0.03
    D 0.07
    DD 0.07
    Total Investment Grade -- 0.08
    Total Non-Investment Grade -- 99.50
    Not Rated -- 0.40
    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.
  • Maturity (%) as of 11/30/16

    Average Portfolio Maturity: 5.17 Years