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THHY
VanEck Vectors Treasury-Hedged High Yield Bond ETF

  • Fund Description

    The VanEck Vectors Treasury-Hedged High Yield Bond ETF (THHY®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS U.S. Treasury-Hedged High Yield Bond Index (MVTHHY) , which was designed to provide exposure to below investment grade corporate bonds, denominated in U.S. dollars.

  •  
      

    • Fund Ticker

      THHY
    • Exchange

      NYSE Arca
    • Commencement

      03/21/2013
    • ETF Structure

      Physical
    • Administrator

      Van Eck Associates
    • Custodian

      Bank of New York Mellon
    • Index Ticker

      MVTHHY
    • Index Rebalancing

      Monthly
  •  
    as of 03/22/17

    • 30-Day SEC Yield1

      4.75%
    • Total Net Assets

      $4.7M
    • Number of Holdings

      130
    • Options

      Expected
    • Gross Expense Ratio2

      3.21%
    • Net Expense Ratio/TER2

      0.50%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      03/31/2017
  • Morningstar™ Ratings3
    as of 2/28/17

    Category Overall 3 Year 5 Year
    Nontraditional Bond
       
    3 stars of 244 Funds
       
    3 stars of 244 Funds
    -
  • Key Points

    • Designed to hedge the risk of rising interest rates while offering income potential from high-yield bonds

    • Offers near-zero duration by tracking an index that combines high-yield bonds with short positions in 5-Year U.S. Treasury notes

    • Presents relatively greater risk of loss than unhedged high-yield bond funds in "risk-off" environment: when U.S. Treasuries rally and high-yield bonds decline
  • Yield
    as of 03/22/17

    • 30-Day SEC Yield1

      4.75%
    • Distribution Yield1

      3.65%
    • 12-Month Yield1

      4.66%
     1 See Important Disclosure for definitions.
  • Fees & Expenses2

    • Management Fee

      0.45%
    • Other Expenses

      2.76%
    • Short Interest Expense and Cost to Borrow

      --
    • Acquired Fund Fees and Expenses

      --
    • Gross Expense Ratio

      3.21%
    • Fee Waivers and
      Expense Reimbursement

      -2.71%
    • Net Expense Ratio/TER2

      0.50%
    2Expenses for the Fund are capped contractually at 0.50% until 09/01/17. Cap excludes certain expenses, such as interest and costs to borrow on securities sold short.
  • Trading Information

    • Fund Ticker

      THHY
    • Index Total Return Ticker

      MVTHHY
    • NAV

      THHYNV
    • Intraday NAV (IIV)5

      THHYIV
    • Shares Outstanding

      200,000
    • Estimated Cash

      THHYEU
    • Total Cash

      THHYTC
    • CUSIP

      92189F395
    • ISIN

      US92189F3955
    5See IIV Details. Source: Bloomberg
  • Fundamentals4
    as of 03/22/17

    • Yield to Worst

      5.31%
    • Yield to Maturity

      5.76%
    • Effective Duration (yrs)

      -0.42
    • Years to Maturity (yrs)

      9.99
    • Coupon

      6.33%
     4 See Important Disclosure for definitions.
  • Prices as of 03/22/17

    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
    THHY $23.56
    $23.41
    512
    300
    -$0.11 / -0.46%
    $-0.28 / -1.18%
    +0.5%
    +0.0%
    $-0.15
    -0.63%
  • View All IndicesView All ETFsPerformance History: Average Annual Total Returns* (%)

    1 MO3 MOYTD1 YR3 YR5 YR10 YRLIFE
    03/21/13
    THHY (NAV)1.123.432.1618.382.57----3.52
    THHY (Share Price)1.543.612.2919.772.97----3.53
    MVTHHY (Index)1.154.052.0820.782.93----4.02
    Performance Differential (NAV - Index)-0.03-0.620.08-2.40-0.36-----0.50
    After Tax Held0.942.901.8115.910.50----1.53
    After Tax Sold0.631.941.2210.300.98----1.76
    Quarter End as of 12/31/16
    1 MO3 MOYTD1 YR3 YR5 YR10 YRLIFE
    03/21/13
    THHY (NAV)1.243.6813.2313.232.73----3.09
    THHY (Share Price)1.284.1413.8613.862.69----3.07
    MVTHHY (Index)1.934.1014.9614.962.76----3.62
    Performance Differential (NAV - Index)-0.69-0.42-1.73-1.73-0.03-----0.53
    After Tax Held1.073.1510.8410.840.54----1.12
    After Tax Sold0.702.087.397.391.06----1.44
  • Daily HoldingsTop 10 Long Holdings (%)as of 02/28/17

    Total Holdings: 130
    Holding Name
    Coupon
    Maturity
    Composite
    Rating
    Currency
    % of Net
    Assets
    Hca Inc
    6.500
    02/15/2020
    BB-
    USD
    2.53
    Dish Dbs Corp
    5.875
    07/15/2022
    B+
    USD
    2.25
    Citigroup Inc
    6.300
    12/29/2049
    BB+
    USD
    2.02
    Sprint Corp
    7.875
    09/15/2023
    B
    USD
    1.61
    First Data Corp
    7.000
    12/01/2023
    B
    USD
    1.60
    Ally Financial Inc
    8.000
    11/01/2031
    BB
    USD
    1.58
    T-Mobile Usa Inc
    6.625
    04/01/2023
    BB
    USD
    1.52
    Centurylink Inc
    5.800
    03/15/2022
    BB
    USD
    1.48
    Tenet Healthcare Corp
    4.750
    06/01/2020
    CCC+
    USD
    1.45
    Frontier Communications Corp
    11.000
    09/15/2025
    BB+
    USD
    1.32
    Top 10 Total (%)17.35

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

  • View All Holdings »Short Holdings as of 02/28/17

    Total Holdings: 1
    Holding Name
    Contracts
    Notional Amount
    (US$)
    Market Value
    (US$)
    Us 5yr Note (Cbt) Mar17
    -36
    -4,250,531-4,251
    Total-4,251

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

  • Credit Quality (%) as of 02/28/17

    Composite % of Net Assets
    Investment Grade BBB 0.67
    Non-Investment Grade BB 57.94
    B 32.48
    CCC 8.22
    Total Investment Grade -- 0.67
    Total Non-Investment Grade -- 98.65
    Not Rated -- 0.68
    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. The credit breakdown presented above includes only the aggregate of the long positions.
  • Maturity (%) as of 02/28/17

    Average Portfolio Maturity: 9.97 Years

    *Maturity breakdown presented above only includes the Long Portfolio of the Fund. Years to Maturity is the length of time until a fixed-income investment returns its original investment.