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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 ICE BofA 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
  • ETF Structure

    Physical
  • Administrator

    Van Eck Associates
  • Custodian

    State Street Bank and Trust Company
  • Index Ticker

    HXUS
  • Index Rebalancing

    Monthly
  • 2020 Preliminary NAIC
    Designation7

    4.A

 
as of 01/22/21

  • 30-Day SEC Yield1

    3.49%
  • Total Net Assets

    $103.7M
  • Number of Holdings

    692
  • Options

    Available
  • Gross Expense Ratio2

    0.62%
  • Net Expense Ratio/TER2

    0.40%
  • Distribution Frequency

    Monthly
1, 2, 7 See Important Disclosure

Country Weightings (%) as of 12/31/20

  • Country

    % of Net Assets
  • China

    10.16
  • Brazil

    8.92
  • United Kingdom

    8.52
  • Italy

    7.93
  • France

    6.09
  • Canada

    5.83
  • Germany

    5.53
  • Luxembourg

    4.99
  • Mexico

    4.40
  • Spain

    3.85
  • India

    2.45
  • Turkey

    2.37
  • Netherlands

    2.12
  • Israel

    2.04
  • United States

    1.99
  • Russia

    1.82
  • Japan

    1.44
  • Uae

    1.16
  • South Africa

    1.15
  • Colombia

    1.14
  • Other/Cash

    16.09

Portfolio Composition (%)
as of 12/31/20

  • % of Net Assets
  • Stocks

    0.00
  • Bonds

    99.69
  • Other

    0.00
  • Cash

    0.31

Currency Exposure (%)
as of 12/31/20

  • U.S. Dollar

    59.73
  • Euro

    35.71
  • British Pound

    3.68
  • Canadian Dollar

    0.57
  • Other/Cash

    0.31

Credit Quality (%) as of 12/31/20

Composite % of Net Assets
Investment Grade BBB 0.33
Non-Investment Grade BB 58.84
B 24.37
CCC 5.49
CC 0.19
DDD 0.15
Total Investment Grade -- 0.33
Total Non-Investment Grade -- 89.04
Not Rated -- 10.63
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 12/31/20

  • Beta vs. S&P 500 Index

    0.46
  • Correlation vs. S&P 500 Index

    0.79
  • Volatility (Standard Deviation)

    10.86
  • Sharpe Ratio

    0.34

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 12/31/20

  • Sector

    % of Net Assets
  • Financials

    33.2
  • Technology

    11.6
  • Industrials

    11.0
  • Energy

    10.2
  • Basic Materials

    9.2
  • Consumer Cyclicals

    7.4
  • Real Estate

    6.7
  • Utilities

    4.7
  • Consumer Non-Cyclicals

    3.3
  • Healthcare

    2.5
  • Industrial

    0.0
  • Other/Cash

    0.3

Maturity (%) as of 12/31/20

 Average Portfolio Maturity: 4.62 Years