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HYEM VanEck Vectors Emerging Markets High Yield Bond ETF

  • Fund Description

    The VanEck Vectors Emerging Markets High Yield Bond ETF (HYEM®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the BofA Merrill Lynch Diversified High Yield US Emerging Markets Corporate Plus Index (EMLH), which is comprised of U.S. dollar-denominated bonds issued by non-sovereign emerging markets issuers that are rated below investment grade and that are issued in the major domestic and Eurobond markets.

  •  
      

    • Fund Ticker

      HYEM
    • Exchange

      NYSE Arca
    • Commencement

      05/08/2012
    • ETF Structure

      Physical
    • Administrator

      Van Eck Associates
    • Custodian

      Bank of New York Mellon
    • Index Ticker

      EMLH
    • Index Rebalancing

      Monthly
    • Preliminary NAIC
      Designation10

      3
  •  
    as of 09/28/16

    • 30-Day SEC Yield1

      6.19%
    • Total Net Assets

      $308.8M
    • Number of Holdings

      332
    • Options

      Expected
    • Gross Expense Ratio2

      0.50%
    • Net Expense Ratio/TER2

      0.40%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      09/30/2016
    1, 2, 10 See Important Disclosure
  • Morningstar™ Ratings3
    as of 8/31/2016

    Category Overall 3 Year 5 Year
    Emerging Markets Bond
       
    3 of 211 Funds
       
    3 of 211 Funds
    --
  • Key Points

    • Focuses Solely on Non-Sovereign Segment of the High Yield EM Bond Market 7 

    • HY EM Corporate Bonds Currently Have Higher Yields than HY EM Sovereign and HY U.S. Corporate Bonds8 

    • HY EM Corporate Bonds Historically Have Had Lower Default Rates than HY U.S. Corporate Bonds 
  • Yield
    as of 09/28/16

    • 30-Day SEC Yield1

      6.19%
    • Distribution Yield1

      6.24%
    • 12-Month Yield1

      6.46%
     1 See Important Disclosure for definitions.
  • Fees & Expenses2

    • Management Fee

      0.40%
    • Other Expenses

      0.10%
    • Acquired Fund Fees and Expenses

      --
    • Gross Expense Ratio

      0.50%
    • Fee Waivers and
      Expense Reimbursement

      -0.10%
    • Net Expense Ratio/TER2

      0.40%
    2Expenses for HYEM are capped contractually at 0.40% until 09/01/17. Cap excludes certain expenses, such as interest.
  • Trading Information

    • Fund Ticker

      HYEM
    • Index Total Return Ticker

      EMLH
    • NAV

      HYEMNV
    • Intraday NAV (IIV)5

      HYEMIV
    • Shares Outstanding

      12,600,000
    • Estimated Cash

      HYEMEU
    • Total Cash

      HYEMTC
    • CUSIP

      92189F353
    • ISIN

      US92189F3534
    5See IIV Details. Source: Bloomberg
  • Fundamentals4
    as of 09/27/16

    • Yield to Worst

      6.84%
    • Yield to Maturity

      7.03%
    • Effective Duration (yrs)

      3.65
    • Years to Maturity

      5.35
    • Modified Duration (yrs)

      3.97
    • Coupon

      6.78%
     4 See Important Disclosure for definitions.
  • Prices as of 09/28/16

    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
    HYEM $24.51
    $24.57
    106,012
    63,201
    $0.01 / +0.05%
    $0.00 / +0.00%
    +15.3%
    +16.3%
    $0.06
    0.26%
  • 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
    05/08/12**
    HYEM (NAV) 1.36 6.30 14.66 12.32 6.12 -- -- 5.89
    HYEM (Share Price) 0.95 5.73 14.97 13.30 5.66 -- -- 5.79
    EMLH (Index)** 1.45 6.50 14.75 13.34 6.97 7.15 -- 6.66
    Performance Differential (NAV - Index) -0.09 -0.20 -0.09 -1.02 -0.85 -- -- -0.77
    After Tax Held 1.13 5.59 12.44 9.00 3.13 -- -- 3.11
    After Tax Sold 0.77 3.56 8.20 6.81 3.27 -- -- 3.24
    Quarter End as of 06/30/16
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    05/08/12**
    HYEM (NAV) 2.48 5.72 10.53 5.19 4.83 -- -- 5.21
    HYEM (Share Price) 2.30 5.31 11.24 5.83 4.82 -- -- 5.20
    EMLH (Index)** 2.64 6.11 10.59 5.98 5.49 5.84 -- 6.00
    Performance Differential (NAV - Index) -0.16 -0.39 -0.06 -0.79 -0.66 -- -- -0.79
    After Tax Held 2.28 4.98 8.91 2.06 1.88 -- -- 2.45
    After Tax Sold 1.40 3.23 5.91 2.82 2.31 -- -- 2.74
  • Daily Holdings »Top 10 Holdings (%)as of 08/31/16

    Total Holdings: 334
    Holding Name
    Coupon
    Maturity
    Composite
    Rating
    Country
    Currency
    % of Net
    Assets
    Ypf Sa
    8.750
    04/04/2024
    B-
    Argentina
    USD
    1.33
    Provincia De Buenos Aires/Argentina
    9.125
    03/16/2024
    B-
    Argentina
    USD
    1.04
    Itau Unibanco Holding Sa/Cayman Island
    5.125
    05/13/2023
    BB-
    Brazil
    USD
    1.01
    Vnesheconombank Via Veb Finance Plc
    6.902
    07/09/2020
    BB+
    Russian Federation
    USD
    0.98
    Cemex Finance Llc
    9.375
    10/12/2022
    B+
    Mexico
    USD
    0.97
    China Evergrande Group
    8.750
    10/30/2018
    CCC+
    China
    USD
    0.96
    State Oil Co Of The Azerbaijan Republic
    4.750
    03/13/2023
    BB
    Azerbaijan
    USD
    0.89
    Vedanta Resources Plc
    8.250
    06/07/2021
    B-
    Bahamas
    USD
    0.83
    Cemex Sab De Cv
    5.700
    01/11/2025
    B+
    Mexico
    USD
    0.81
    Banco Nacional De Costa Rica
    6.250
    11/01/2023
    BB+
    Costa Rica
    USD
    0.80
    Top 10 Total (%)9.62

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

  • Country Weightings (%) as of 08/31/16

    • Country

      % of Net Assets
    • CHINA

      11.75
    • BRAZIL

      9.67
    • ARGENTINA

      8.06
    • RUSSIA

      7.80
    • MEXICO

      6.19
    • KAZAKHSTAN

      4.63
    • TURKEY

      4.01
    • INDONESIA

      3.84
    • SOUTH AFRICA

      3.42
    • VENEZUELA

      3.22
    • UNITED KINGDOM

      2.86
    • INDIA

      2.38
    • JAMAICA

      2.17
    • COLOMBIA

      2.11
    • UNITED STATES

      1.81
    • UKRAINE

      1.81
    • AZERBAIJAN

      1.66
    • BAHAMAS

      1.58
    • COSTA RICA

      1.53
    • LUXEMBOURG

      1.48
    • Other/Cash

      18.02
  • Currency Exposure (%)
    as of 08/31/16

    • U.S. Dollar

      99.18
    • Other/Cash

      0.82
  • Sector Weightings (%) as of 08/31/16

    • Sector

      % of Net Assets
    • Financial

      34.7
    • Energy

      17.9
    • Basic Materials

      8.4
    • Utilities

      7.5
    • Government

      7.1
    • Industrial

      7.0
    • Communications

      6.6
    • Consumer, Cyclical

      4.9
    • Consumer, Non-cyclical

      3.6
    • Diversified

      1.3
    • Technology

      0.3
    • Other/Cash

      0.8
  • Credit Quality (%) as of 08/31/16

    Composite % of Net Assets
    Investment Grade BBB 0.17
    Non-Investment Grade BB 56.24
    B 30.10
    CCC 7.39
    C 0.23
    DD 0.17
    Total Investment Grade -- 0.17
    Total Non-Investment Grade -- 94.13
    Not Rated -- 4.83
    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 08/31/16

    Average Portfolio Maturity: 5.41 Years