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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
    • 2016 Preliminary NAIC
      Designation7

      4
  •  
    as of 03/23/17

    • 30-Day SEC Yield1

      4.00%
    • Total Net Assets

      $147.2M
    • Number of Holdings

      440
    • Options

      Available
    • Gross Expense Ratio2

      0.61%
    • Net Expense Ratio/TER2

      0.40%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      03/31/2017
    1, 2, 7 See Important Disclosure
  • Morningstar™ Ratings**
    as of 2/28/17

    Category Overall 3 Year 5 Year
    World Bond
       
    3 stars of 314 Funds
       
    3 stars of 314 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 03/23/17

    • 30-Day SEC Yield1

      4.00%
    • Distribution Yield1

      4.14%
    • 12-Month Yield1

      4.87%
     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

      6,000,000
    • Estimated Cash

      IHYEU
    • Total Cash

      IHYTC
    • CUSIP

      92189F445
    • ISIN

      US92189F4458
    5See IIV Details. Source: Bloomberg
  • Fundamentals4
    as of 03/23/17

    • Yield to Worst

      5.01%
    • Yield to Maturity

      5.56%
    • Effective Duration (yrs)

      3.46
    • Years to Maturity

      5.15
    • Modified Duration (yrs)

      3.89
    • Coupon

      6.09%
     4 See Important Disclosure for definitions.
  • Prices as of 03/23/17

    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 $24.53
    $24.48
    53,625
    23,627
    $0.01 / +0.05%
    $-0.04 / -0.15%
    +3.3%
    +4.0%
    $-0.05
    -0.22%
  • View All IndicesView All ETFsPerformance History: Average Annual Total Returns* (%)

    1 MO3 MOYTD1 YR3 YR5 YR10 YRLIFE
    04/02/12
    IHY (NAV)0.564.273.2615.931.51----5.31
    IHY (Share Price)0.734.974.2516.591.45----5.34
    HXUS (Index)0.764.763.2217.192.09----6.10
    Performance Differential (NAV - Index)-0.20-0.490.04-1.26-0.58-----0.79
    After Tax Held0.373.752.9013.96-0.38----3.16
    After Tax Sold0.322.411.848.980.27----3.11
    Quarter End as of 12/31/16
    1 MO3 MOYTD1 YR3 YR5 YR10 YRLIFE
    04/02/12
    IHY (NAV)0.98-1.4611.3011.301.29----4.79
    IHY (Share Price)0.68-2.5211.5211.520.85----4.60
    HXUS (Index)1.49-0.9611.9911.991.77----5.61
    Performance Differential (NAV - Index)-0.51-0.50-0.69-0.69-0.48-----0.82
    After Tax Held0.81-1.978.838.83-0.85----2.50
    After Tax Sold0.55-0.836.356.350.00----2.66
  • Daily HoldingsTop 10 Holdings (%)as of 02/28/17

    Total Holdings: 447
    Holding Name
    Coupon
    Maturity
    Composite
    Rating
    Country
    Currency
    % of Net
    Assets
    Petrobras Global Finance Bv
    3.250
    04/01/2019
    B+
    Brazil
    EUR
    1.04
    Sfr Group Sa
    6.000
    05/15/2022
    B+
    Luxembourg
    USD
    0.99
    Petrobras Global Finance Bv
    5.375
    01/27/2021
    B+
    Brazil
    USD
    0.99
    Itau Unibanco Holding Sa/Cayman Island
    5.125
    05/13/2023
    BB-
    Brazil
    USD
    0.99
    Softbank Group Corp
    4.500
    04/15/2020
    BB+
    Japan
    USD
    0.89
    Gazprom Oao Via Gaz Capital Sa
    4.950
    07/19/2022
    BB+
    Russian Federation
    USD
    0.88
    Altice Luxembourg Sa
    7.750
    05/15/2022
    B-
    Luxembourg
    USD
    0.85
    Vale Overseas Ltd
    4.375
    01/11/2022
    BB+
    Brazil
    USD
    0.81
    Telecom Italia Spa/Milano
    5.250
    02/10/2022
    BB+
    Italy
    EUR
    0.80
    Telecom Italia Spa/Milano
    6.375
    06/24/2019
    BB+
    Italy
    GBP
    0.77
    Top 10 Total (%)9.01

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

  • Country Weightings (%) as of 02/28/17

    • Country

      % of Net Assets
    • UNITED KINGDOM

      12.80
    • BRAZIL

      10.71
    • ITALY

      7.78
    • LUXEMBOURG

      7.35
    • CANADA

      7.28
    • RUSSIA

      6.75
    • CHINA

      5.37
    • FRANCE

      5.32
    • GERMANY

      3.84
    • NETHERLANDS

      3.22
    • SPAIN

      2.67
    • TURKEY

      2.32
    • UNITED STATES

      1.65
    • MEXICO

      1.48
    • VENEZUELA

      1.45
    • INDIA

      1.40
    • COLOMBIA

      1.19
    • SOUTH AFRICA

      1.14
    • KAZAKHSTAN

      1.12
    • ARGENTINA

      1.06
    • Other/Cash

      14.09
  • Currency Exposure (%)
    as of 02/28/17

    • U.S. Dollar

      61.92
    • Euro

      30.32
    • British Pound

      6.13
    • Canadian Dollar

      0.63
    • Other/Cash

      1.00
  • Sector Weightings (%) as of 02/28/17

    • Sector

      % of Net Assets
    • Financial

      25.4
    • Communications

      17.1
    • Energy

      14.0
    • Basic Materials

      13.9
    • Consumer, Cyclical

      9.1
    • Consumer, Non-cyclical

      7.8
    • Industrial

      7.6
    • Utilities

      4.2
    • Technology

      0.9
    • Diversified

      0.7
    • Government

      0.3
    • Other/Cash

      -0.9
  • Credit Quality (%) as of 02/28/17

    Composite % of Net Assets
    Non-Investment Grade BB 65.25
    B 28.84
    CCC 5.74
    CC 0.01
    D 0.01
    DD 0.04
    Total Non-Investment Grade -- 99.89
    Not Rated -- 0.10
    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 02/28/17

    Average Portfolio Maturity: 5.19 Years