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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
    • 2017 Preliminary NAIC
      Designation7

      4
  •  
    as of 05/25/17

    • 30-Day SEC Yield1

      3.84%
    • Total Net Assets

      $125.6M
    • Number of Holdings

      430
    • Options

      Available
    • Gross Expense Ratio2

      0.61%
    • Net Expense Ratio/TER2

      0.40%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      05/31/2017
    1, 2, 7 See Important Disclosure
  • Morningstar™ Ratings**
    as of 4/30/17

    Category Overall 3 Year 5 Year
    World Bond
        
    4 stars of 308 Funds
       
    3 stars of 308 Funds
         
    5 stars of 248 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 05/25/17

    • 30-Day SEC Yield1

      3.84%
    • Distribution Yield1

      4.16%
    • 12-Month Yield1

      4.68%
     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

      5,000,000
    • Estimated Cash

      IHYEU
    • Total Cash

      IHYTC
    • CUSIP

      92189F445
    • ISIN

      US92189F4458
    5See IIV Details. Source: Bloomberg
  • Fundamentals4
    as of 05/24/17

    • Yield to Worst

      4.61%
    • Yield to Maturity

      5.35%
    • Effective Duration (yrs)

      3.34
    • Years to Maturity

      5.13
    • Modified Duration (yrs)

      3.96
    • Coupon

      6.01%
     4 See Important Disclosure for definitions.
  • Prices as of 05/25/17

    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 $25.11
    $25.13
    39,652
    9,515
    $0.03 / +0.13%
    $-0.01 / -0.04%
    +6.5%
    +7.5%
    $0.02
    0.07%
  • View All IndicesView All ETFsPerformance History: Average Annual Total Returns* (%)

    1 MO3 MOYTD1 YR3 YR5 YR10 YRLIFE
    04/02/12
    IHY (NAV)1.862.585.338.041.665.66--5.55
    IHY (Share Price)1.822.676.268.631.595.49--5.55
    HXUS (Index)2.073.095.609.362.256.46--6.37
    Performance Differential (NAV - Index)-0.21-0.51-0.27-1.32-0.59-0.80---0.82
    After Tax Held1.672.044.625.89-0.233.47--3.39
    After Tax Sold1.051.453.014.500.373.35--3.28
    Quarter End as of 03/31/17
    1 MO3 MOYTD1 YR3 YR5 YR10 YRLIFE
    04/02/12
    IHY (NAV)0.143.413.419.431.48----5.25
    IHY (Share Price)0.104.364.369.751.37----5.27
    HXUS (Index)0.233.463.4610.572.016.03--6.04
    Performance Differential (NAV - Index)-0.09-0.05-0.05-1.14-0.53-----0.79
    After Tax Held-0.012.902.907.43-0.40----3.10
    After Tax Sold0.081.931.935.300.25----3.07
  • Daily HoldingsTop 10 Holdings (%)as of 04/30/17

    Total Holdings: 435
    Holding Name
    Coupon
    Maturity
    Composite
    Rating
    Country
    Currency
    % of Net
    Assets
    Petrobras Global Finance Bv
    5.375
    01/27/2021
    BB-
    Brazil
    USD
    1.04
    Itau Unibanco Holding Sa/Cayman Island
    5.125
    05/13/2023
    BB-
    Brazil
    USD
    0.95
    Telecom Italia Spa/Milano
    6.375
    06/24/2019
    BB+
    Italy
    GBP
    0.92
    Softbank Group Corp
    4.500
    04/15/2020
    BB+
    Japan
    USD
    0.85
    Petrobras Global Finance Bv
    3.250
    04/01/2019
    BB-
    Brazil
    EUR
    0.83
    Sfr Group Sa
    6.000
    05/15/2022
    B+
    Luxembourg
    USD
    0.82
    Altice Luxembourg Sa
    7.750
    05/15/2022
    B-
    Luxembourg
    USD
    0.81
    Gazprom Oao Via Gaz Capital Sa
    7.288
    08/16/2037
    BB+
    Russian Federation
    USD
    0.73
    Altice Financing Sa
    6.625
    02/15/2023
    B+
    Luxembourg
    USD
    0.71
    Fiat Finance & Trade Sa
    4.750
    07/15/2022
    BB-
    United Kingdom
    EUR
    0.67
    Top 10 Total (%)8.33

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

  • Country Weightings (%) as of 04/30/17

    • Country

      % of Net Assets
    • UNITED KINGDOM

      13.23
    • BRAZIL

      9.22
    • ITALY

      8.09
    • CANADA

      6.78
    • CHINA

      6.69
    • RUSSIA

      6.43
    • LUXEMBOURG

      6.40
    • FRANCE

      5.29
    • GERMANY

      4.21
    • NETHERLANDS

      3.40
    • TURKEY

      2.97
    • SPAIN

      2.35
    • INDIA

      1.65
    • COLOMBIA

      1.49
    • UNITED STATES

      1.49
    • MEXICO

      1.41
    • VENEZUELA

      1.40
    • SOUTH AFRICA

      1.33
    • ARGENTINA

      1.26
    • SWITZERLAND

      0.89
    • Other/Cash

      14.05
  • Currency Exposure (%)
    as of 04/30/17

    • U.S. Dollar

      60.91
    • Euro

      30.87
    • British Pound

      6.44
    • Canadian Dollar

      0.61
    • Other/Cash

      1.18
  • Sector Weightings (%) as of 04/30/17

    • Sector

      % of Net Assets
    • Financial

      28.2
    • Communications

      16.3
    • Energy

      12.6
    • Basic Materials

      10.4
    • Consumer, Cyclical

      9.4
    • Industrial

      8.6
    • Consumer, Non-cyclical

      7.6
    • Utilities

      4.0
    • Technology

      0.9
    • Diversified

      0.7
    • Government

      0.2
    • Other/Cash

      1.2
  • Credit Quality (%) as of 04/30/17

    Composite % of Net Assets
    Investment Grade BBB 0.20
    Non-Investment Grade BB 69.45
    B 24.62
    CCC 5.60
    DD 0.05
    Total Investment Grade -- 0.20
    Total Non-Investment Grade -- 99.71
    Not Rated -- 0.07
    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 04/30/17

    Average Portfolio Maturity: 5.13 Years