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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 12/02/16

    • 30-Day SEC Yield1

      5.05%
    • Total Net Assets

      $133.6M
    • Number of Holdings

      442
    • 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 10/31/16

    Category Overall 3 Year 5 Year
    World Bond
       
    3 stars of 345 Funds
       
    3 stars of 345 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 12/02/16

    • 30-Day SEC Yield1

      5.05%
    • Distribution Yield1

      4.73%
    • 12-Month Yield1

      5.17%
     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

      5,600,000
    • Estimated Cash

      IHYEU
    • Total Cash

      IHYTC
    • CUSIP

      92189F445
    • ISIN

      US92189F4458
    5See IIV Details. Source: Bloomberg
  • Fundamentals4
    as of 12/01/16

    • Yield to Worst

      5.77%
    • Yield to Maturity

      6.17%
    • Effective Duration (yrs)

      3.53
    • Years to Maturity

      5.17
    • Modified Duration (yrs)

      3.90
    • Coupon

      6.14%
     4 See Important Disclosure for definitions.
  • Prices as of 12/02/16

    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 $23.86
    $23.85
    20,311
    100,961
    $0.05 / +0.23%
    $0.10 / +0.43%
    +10.0%
    +11.1%
    $-0.01
    -0.03%
  • View All Indices » View All ETFs » Performance History: Average Annual Total Returns* (%)

    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    04/02/12
    IHY (NAV) -0.69 1.41 12.18 7.94 1.93 -- -- 5.15
    IHY (Share Price) -1.42 1.00 12.78 7.92 1.88 -- -- 5.03
    HXUS (Index) -0.63 1.62 12.37 8.77 2.49 -- -- 5.89
    Performance Differential (NAV - Index) -0.06 -0.21 -0.19 -0.83 -0.56 -- -- -0.74
    After Tax Held -0.87 0.87 10.06 5.48 -0.36 -- -- 2.85
    After Tax Sold -0.39 0.80 6.83 4.42 0.41 -- -- 2.92
    Quarter End as of 09/30/16
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    04/02/12
    IHY (NAV) 0.61 4.58 12.96 12.16 2.93 -- -- 5.41
    IHY (Share Price) 0.93 4.83 14.40 12.74 3.19 -- -- 5.46
    HXUS (Index) 0.63 4.91 13.08 13.09 3.53 -- -- 6.16
    Performance Differential (NAV - Index) -0.02 -0.33 -0.12 -0.93 -0.60 -- -- -0.75
    After Tax Held 0.43 4.01 11.02 9.60 0.61 -- -- 3.10
    After Tax Sold 0.34 2.59 7.27 6.78 1.16 -- -- 3.12
  • Daily Holdings »Top 10 Holdings (%)as of 10/31/16

    Total Holdings: 444
    Holding Name
    Coupon
    Maturity
    Composite
    Rating
    Country
    Currency
    % of Net
    Assets
    Petrobras Global Finance Bv
    5.375
    01/27/2021
    B+
    Brazil
    USD
    1.20
    Itau Unibanco Holding Sa/Cayman Island
    5.125
    05/13/2023
    BB-
    Brazil
    USD
    0.91
    Reynolds Group Issuer Inc / Reynolds Gr
    5.750
    10/15/2020
    B
    New Zealand
    USD
    0.89
    Anglo American Capital Plc
    2.500
    04/29/2021
    BB
    United Kingdom
    EUR
    0.83
    Softbank Group Corp
    4.500
    04/15/2020
    BB+
    Japan
    USD
    0.83
    Telecom Italia Spa/Milano
    5.250
    02/10/2022
    BB+
    Italy
    EUR
    0.83
    Petrobras Global Finance Bv
    3.250
    04/01/2019
    B+
    Brazil
    EUR
    0.83
    Altice Luxembourg Sa
    7.750
    05/15/2022
    B-
    Luxembourg
    USD
    0.80
    Vale Overseas Ltd
    4.375
    01/11/2022
    BB+
    Brazil
    USD
    0.76
    Ardagh Packaging Finance Plc / Ardagh H
    4.250
    01/15/2022
    B+
    Luxembourg
    EUR
    0.76
    Top 10 Total (%)8.64

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

  • Country Weightings (%) as of 10/31/16

    • Country

      % of Net Assets
    • UNITED KINGDOM

      12.34
    • BRAZIL

      10.51
    • ITALY

      8.31
    • RUSSIA

      6.62
    • CANADA

      6.49
    • LUXEMBOURG

      5.73
    • FRANCE

      5.64
    • GERMANY

      4.83
    • CHINA

      4.46
    • NETHERLANDS

      3.99
    • SPAIN

      2.60
    • UNITED STATES

      2.48
    • TURKEY

      2.13
    • MEXICO

      1.74
    • VENEZUELA

      1.38
    • SOUTH AFRICA

      1.37
    • COLOMBIA

      1.21
    • SWITZERLAND

      1.19
    • INDONESIA

      1.05
    • INDIA

      1.04
    • Other/Cash

      14.91
  • Currency Exposure (%)
    as of 10/31/16

    • U.S. Dollar

      60.85
    • Euro

      31.70
    • British Pound

      5.57
    • Canadian Dollar

      0.58
    • Other/Cash

      1.31
  • Sector Weightings (%) as of 10/31/16

    • Sector

      % of Net Assets
    • Financial

      24.9
    • Communications

      16.3
    • Energy

      13.9
    • Basic Materials

      12.8
    • Consumer, Cyclical

      8.4
    • Industrial

      8.3
    • Consumer, Non-cyclical

      8.0
    • Utilities

      4.1
    • Diversified

      0.9
    • Technology

      0.8
    • Government

      0.1
    • Other/Cash

      1.3
  • Credit Quality (%) as of 10/31/16

    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 10/31/16

    Average Portfolio Maturity: 5.22 Years