IHY

VanEck International High Yield Bond ETF

Fact Sheet

Fund Profile

Summary Prospectus

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Why IHY

International High Yield ExposureProvides broad exposure to the non-U.S. high yield bond market

Attractive Credit Quality ProfileComparatively higher credit quality versus U.S. high yield bonds

Diversification Beyond U.S.Diversified income opportunities beyond a U.S.-only high yield bond allocation

The VanEck 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.

Yields as of 05/01/2026

Distribution Frequency

Monthly

30-Day SEC Yield

5.77%

Distribution Yield

5.49%

12 Month Yield

5.99%

Yield information reflects temporary waivers of expenses and/or fees. Yields would have been reduced had these fees/expenses been included. In the absence of temporary expense waivers or reimbursements, the 30-Day SEC Yield for VanEck International High Yield Bond ETF would have been 5.77% on 05/01/26. Distributions may vary from time to time.

Performance

Average Annual Total Returns* (%)

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	1 MO	3 MO	YTD	1 YR	3 YR	5 YR	10 YR	LIFE 04/02/12
IHY (NAV)	-3.10	-1.60	-1.60	7.73	8.10	1.72	4.08	4.12
IHY (Market Price)	-3.18	-1.66	-1.66	8.07	7.88	1.68	4.11	4.13
ICE BofAML Global ex-US Issuers High Yield Constrained Index (Index)	-3.18	-1.65	-1.65	7.70	9.04	2.20	4.67	4.75

	1 MO	3 MO	YTD	1 YR	3 YR	5 YR	10 YR	LIFE 04/02/12
IHY (NAV)	-3.10	-1.60	-1.60	7.73	8.10	1.72	4.08	4.12
IHY (Market Price)	-3.18	-1.66	-1.66	8.07	7.88	1.68	4.11	4.13
ICE BofAML Global ex-US Issuers High Yield Constrained Index (Index)	-3.18	-1.65	-1.65	7.70	9.04	2.20	4.67	4.75

*Returns less than one year are not annualized.

The performance data quoted represents past performance. Past performance is not a guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted. Please call 800.826.2333 or visit vaneck.com for performance current to the most recent month ended.

Holdings

Daily Holdings (%) as of 04/30/2026

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Total Holdings: 591

Holding Name	% of Net Assets	Coupon	Maturity	Market Value (US$)
Electricite De France Sa	0.54	5.875	07/22/2064	271,859
Petroleos Mexicanos	0.51	7.690	01/23/2050	257,491
Petroleos Mexicanos	0.50	6.700	02/16/2032	254,507
Banco Bpm Spa	0.48	4.500	11/26/2036	242,394
Vmed O2 Uk Financing I Plc	0.47	4.500	07/15/2031	238,713
Telecom Italia Capital Sa	0.46	7.721	06/04/2038	233,010
Inpost Sa	0.46	4.000	04/01/2031	229,961
Mundys Spa	0.45	1.875	02/12/2028	228,969
Vz Vendor Financing Ii Bv	0.44	2.875	01/15/2029	220,785
Yapi Ve Kredi Bankasi As	0.43	9.250	10/16/2028	216,898
Arada Sukuk 2 Ltd	0.41	8.000	06/24/2029	208,202
Intrum Investments And Financing Ab	0.41	8.500	09/11/2030	207,923
Dar Al-Arkan Sukuk Co Ltd	0.41	7.250	07/02/2030	207,436
Fibercop Spa	0.41	7.721	06/04/2038	207,159
Cfamc Iii Co Ltd	0.40	4.250	11/07/2027	203,113
Softbank Group Corp	0.40	6.875	07/19/2067	202,340
Samarco Mineracao Sa	0.40	9.500	06/30/2031	200,680
Softbank Group Corp	0.40	5.125	09/19/2027	199,287
Softbank Group Corp	0.39	6.875	01/10/2031	198,219
Binghatti Sukuk 2 Spv Ltd	0.38	7.750	07/02/2029	190,590
Upl Corp Ltd	0.37	4.625	06/16/2030	187,205
Grupo Nutresa Sa	0.34	9.000	05/12/2035	173,607
Nissan Motor Co Ltd	0.33	4.810	09/17/2030	164,646
Banco Bradesco Sa/Cayman Islands	0.31	6.500	01/22/2030	158,558
Genmab A/S/Genmab Finance Llc	0.31	6.250	12/15/2032	157,904
Aroundtown Finance Sarl	0.31	7.875	11/07/2074	157,734
Belron Uk Finance Plc	0.30	5.750	10/15/2029	152,008
Altice France Sa	0.30	7.250	11/01/2029	151,331
Vodafone Group Plc	0.30	8.000	08/30/2086	151,297
Petroleos Mexicanos	0.30	5.950	01/28/2031	149,174
Nissan Motor Co Ltd	0.30	4.345	09/17/2027	149,153
Petroleos Mexicanos	0.29	6.625	06/15/2035	148,647
B&M European Value Retail Sa	0.29	8.125	11/15/2030	145,726
Global Aircraft Leasing Co Ltd	0.29	8.750	09/01/2027	144,254
Saavi Energia Sarl	0.28	8.875	02/10/2035	141,721
Edge Finco Plc	0.28	8.125	08/15/2031	141,025
Electricite De France Sa	0.28	7.375	03/17/2075	140,759
Boots Group Finco Lp	0.28	7.375	08/31/2032	140,575
Dresdner Funding Trust I	0.28	8.151	06/30/2031	138,801
Jerrold Finco Plc	0.27	7.875	04/15/2030	138,514
Air France-Klm	0.27	8.125	05/31/2028	135,238
Lhmc Finco 2 Sarl	0.27	8.625	05/15/2030	134,745
Cpi Property Group Sa	0.26	2.750	01/22/2028	133,002
Telefonica Europe Bv	0.26	6.750	09/07/2074	132,248
Teva Pharmaceutical Finance Netherlands	0.26	7.375	09/15/2029	130,820
Telefonica Europe Bv	0.26	6.135	05/03/2074	130,524
Bayer Ag	0.26	7.000	09/25/2083	130,331
Webuild Spa	0.26	7.000	09/27/2028	129,442
Var Energi Asa	0.26	7.862	11/15/2083	129,246
Luna 1.5 Sarl	0.26	10.500	07/01/2032	129,077
Fibercop Spa	0.26	7.875	07/31/2028	128,866
Eurofins Scientific Se	0.26	6.750	12/31/2049	128,621
Alpha Bank Sa	0.26	6.000	09/13/2034	128,540
Heathrow Finance Plc	0.25	4.625	09/01/2029	128,241
Petroleos Mexicanos	0.25	6.950	01/28/2060	127,740
Petroleos Mexicanos	0.25	6.750	09/21/2047	127,600
Saipem Finance International Bv	0.25	4.875	05/30/2030	127,440
Energo - Pro As	0.25	8.000	05/27/2030	127,038
Bellis Acquisition Co Plc	0.25	8.125	05/14/2030	126,750
Piraeus Bank Sa	0.25	5.375	09/18/2035	125,756
Accor Sa	0.25	7.250	04/11/2074	125,225
Rci Banque Sa	0.25	5.500	10/09/2034	125,112
Ams-Osram Ag	0.25	10.500	03/30/2029	125,030
Iliad Sa	0.25	5.625	02/15/2030	125,023
Pinnacle Bidco Plc	0.25	8.250	10/11/2028	124,858
Iliad Sa	0.25	5.375	06/14/2027	124,837
Iho Verwaltungs Gmbh	0.25	8.750	05/15/2028	124,836
Prysmian Spa	0.25	5.250	12/31/2049	124,706
Celsa Opco Sa	0.25	8.250	12/15/2030	124,647
Rossini Sarl	0.25	6.750	12/31/2029	124,593
Alstom Sa	0.25	5.868	12/31/2049	124,493
Amber Finco Plc	0.25	6.625	07/15/2029	124,029
Picard Groupe Sas	0.25	6.375	07/01/2029	123,957
Edp Sa	0.25	4.750	05/29/2054	123,883
A2a Spa	0.25	5.000	12/31/2049	123,822
British Telecommunications Plc	0.25	5.125	10/03/2054	123,761
Virgin Media Secured Finance Plc	0.25	4.250	01/15/2030	123,692
Banca Ifis Spa	0.25	5.500	02/27/2029	123,678
Koninklijke Kpn Nv	0.25	6.000	12/21/2072	123,500
Verisure Holding Ab	0.24	5.500	05/15/2030	123,418
Schaeffler Ag	0.24	4.750	08/14/2029	123,352
Forvia Se	0.24	5.625	06/15/2030	123,279
Finnair Oyj	0.24	4.750	05/24/2029	123,130
Banca Transilvania Sa	0.24	5.125	09/30/2030	123,117
Trivium Packaging Finance Bv	0.24	6.625	07/15/2030	123,015
Nexans Sa	0.24	4.125	05/29/2029	122,912
Cheplapharm Arzneimittel Gmbh	0.24	7.125	06/15/2031	122,677
Lottomatica Group Spa	0.24	5.375	06/01/2030	122,649
Zf North America Capital Inc	0.24	6.875	04/23/2032	122,613
Boels Topholding Bv	0.24	5.750	05/15/2030	122,526
Ineos Finance Plc	0.24	6.625	05/15/2028	122,517
Volvo Car Ab	0.24	4.250	05/31/2028	122,346
Telefonica Europe Bv	0.24	5.752	04/15/2075	122,258
Metro Ag	0.24	4.000	03/05/2030	122,229
Forvia Se	0.24	5.500	06/15/2031	122,042
Engineering - Ingegneria Informatica -	0.24	11.125	05/15/2028	121,911
Fnac Darty Sa	0.24	6.000	04/01/2029	121,827
Cma Cgm Sa	0.24	5.500	07/15/2029	121,803
Teva Pharmaceutical Finance Netherlands	0.24	4.125	06/01/2031	121,619
Teva Pharmaceutical Finance Netherlands	0.24	4.375	05/09/2030	121,485
1011778 Bc Ulc / New Red Finance Inc	0.24	3.500	02/15/2029	121,456
Currenta Group Holdings Sarl	0.24	5.500	05/15/2030	121,397
Ses Sa	0.24	4.875	06/24/2033	121,350
New Immo Holding Sa	0.24	6.000	03/22/2029	121,328
United Group Bv	0.24	6.500	10/31/2031	121,307
Unibail-Rodamco-Westfield Se	0.24	4.875	10/04/2075	121,111
Essendi Sa	0.24	6.375	10/15/2029	121,066
Tennet Holding Bv	0.24	4.875	04/01/2032	121,047
Matterhorn Telecom Sa	0.24	4.500	01/30/2030	120,998
Veolia Environnement Sa	0.24	4.371	08/20/2075	120,601
Vivion Investments Sarl	0.24	6.500	02/28/2029	120,401
Iliad Holding Sas	0.24	5.375	04/15/2030	120,321
Softbank Group Corp	0.24	5.375	01/08/2029	120,128
Azelis Finance Nv	0.24	4.750	09/25/2029	120,119
Techem Verwaltungsgesellschaft 675 Mbh	0.24	5.375	07/15/2029	119,995
Ardonagh Finco Ltd	0.24	6.875	02/15/2031	119,965
New Immo Holding Sa	0.24	5.875	04/17/2028	119,939
Gruenenthal Gmbh	0.24	4.125	05/15/2028	119,602
Opal Bidco Sas	0.24	5.500	03/31/2032	119,594
Nidda Healthcare Holding Gmbh	0.24	5.625	02/21/2030	119,569
Abertis Infraestructuras Finance Bv	0.24	4.870	02/28/2075	119,542
Teva Pharmaceutical Finance Netherlands	0.24	3.750	05/09/2027	119,506
Mbh Bank Nyrt	0.24	5.250	01/29/2030	119,491
Tui Cruises Gmbh	0.24	5.000	05/15/2030	119,298
Verisure Midholding Ab	0.24	5.250	02/15/2029	119,085
Ses Sa	0.24	5.500	09/12/2054	118,865
Petroleos Mexicanos	0.24	4.750	02/26/2029	118,782
Tereos Finance Groupe I Sa	0.24	7.250	04/15/2028	118,781
Seche Environnement Saca	0.24	4.500	03/25/2030	118,773
Jaguar Land Rover Automotive Plc	0.24	4.500	07/15/2028	118,726
Progroup Ag	0.24	5.375	04/15/2031	118,666
Valeo Se	0.24	4.500	04/11/2030	118,568
Edp Sa	0.24	4.625	09/16/2054	118,508
Public Power Corp Sa	0.24	4.625	10/31/2031	118,496
Biffa Group Holdings Ltd	0.24	5.250	06/15/2031	118,477
Schaeffler Ag	0.23	4.500	03/28/2030	118,433
Eircom Finance Dac	0.23	5.000	04/30/2031	118,432
Odido Holding Bv	0.23	3.750	01/15/2029	118,390
Softbank Group Corp	0.23	5.000	04/15/2028	118,326
Zf Europe Finance Bv	0.23	4.750	01/31/2029	118,221
United Group Bv	0.23	3.625	02/15/2028	118,180
Ima Industria Macchine Automatiche Spa	0.23	3.750	01/15/2028	118,137
Sunrise Finco I Bv	0.23	4.625	05/15/2032	118,103
Aegis Lux 1a Sarl	0.23	5.625	10/29/2031	118,000
Schaeffler Ag	0.23	3.375	10/12/2028	117,790
Telenet Finance Luxembourg Notes Sarl	0.23	3.500	03/01/2028	117,767
Bayer Ag	0.23	3.125	11/12/2079	117,628
Alstria Office Reit-Ag	0.23	5.500	03/20/2031	117,447
Cab Selas	0.23	3.375	02/01/2028	117,436
Forvia Se	0.23	2.375	06/15/2027	117,397
Eramet Sa	0.23	6.500	11/30/2029	117,365
Nissan Motor Co Ltd	0.23	3.201	09/17/2028	117,295
Paprec Holding Sa	0.23	3.500	07/01/2028	117,293
Mahle Gmbh	0.23	2.375	05/14/2028	116,973
Fressnapf Holding Se	0.23	5.250	10/31/2031	116,968
Ngg Finance Plc	0.23	2.125	09/05/2082	116,960
Eurobank Sa	0.23	4.250	04/30/2035	116,865
Metlen Energy & Metals Sa	0.23	4.000	10/17/2029	116,660
Dufry One Bv	0.23	3.375	04/15/2028	116,329
Altice France Sa	0.23	5.625	07/15/2032	116,269
Grifols Sa	0.23	3.875	10/15/2028	116,083
Bulgarian Energy Holding Ead	0.23	2.450	07/22/2028	116,015
Ineos Finance Plc	0.23	6.375	04/15/2029	115,904
Flora Food Management Bv	0.23	6.875	07/02/2029	115,852
Renault Sa	0.23	2.500	04/01/2028	115,686
Ecopetrol Sa	0.23	4.625	11/02/2031	115,585
Market Bidco Finco Plc	0.23	6.750	01/31/2031	115,389
Citycon Treasury Bv	0.23	5.375	07/08/2031	115,357
Nomad Foods Bondco Plc	0.23	2.500	06/24/2028	115,251
Rexel Sa	0.23	2.125	06/15/2028	115,202
Ipd 3 Bv	0.23	5.500	06/15/2031	115,162
International Game Technology Plc	0.23	2.375	04/15/2028	115,124
Edp Sa	0.23	4.375	12/02/2055	114,997
Infrastrutture Wireless Italiane Spa	0.23	3.750	04/01/2030	114,981
Electricite De France Sa	0.23	4.375	12/31/2049	114,683
Verallia Sa	0.23	3.875	11/04/2032	114,533
Heimstaden Bostad Ab	0.23	2.625	05/01/2071	114,498
Poste Italiane Spa	0.23	2.625	06/24/2072	114,302
Softbank Group Corp	0.23	4.000	09/19/2029	114,292
Orsted As	0.23	1.750	12/09/2099	114,150
Wintershall Dea Finance 2 Bv	0.23	3.000	01/20/2169	114,141
Altice Financing Sa	0.23	5.000	01/15/2028	114,086
Altice France Sa	0.23	4.750	10/15/2030	113,788
Bcp V Modular Services Finance Ii Plc	0.23	4.750	11/30/2028	113,752
Telefonica Europe Bv	0.23	2.376	02/12/2170	113,623
Lanxess Ag	0.23	1.750	03/22/2028	113,436
Infrastrutture Wireless Italiane Spa	0.22	3.625	10/13/2032	113,037
Almaviva-The Italian Innovation Co Spa	0.22	5.000	10/30/2030	112,938
Telecom Italia Spa/Milano	0.22	1.625	01/18/2029	112,711
Veolia Environnement Sa	0.22	2.500	04/20/2169	112,212
Zegona Finance Plc	0.22	6.750	07/15/2029	112,209
Allwyn Entertainment Financing Uk Plc	0.22	7.250	04/30/2030	112,162
Zf Europe Finance Bv	0.22	3.000	10/23/2029	112,138
Vmed O2 Uk Financing I Plc	0.22	5.625	04/15/2032	112,044
Eg Global Finance Plc	0.22	12.000	11/30/2028	111,799
Valeo Se	0.22	1.000	08/03/2028	111,648
Softbank Group Corp	0.22	3.375	07/06/2029	111,609
Loxam Sas	0.22	6.375	05/31/2029	111,403
Cidron Aida Finco Sarl	0.22	7.000	10/27/2031	110,983
Teamsystem Spa	0.22	5.000	07/01/2031	110,910
Holding D'Infrastructures Des Metiers D	0.22	0.625	09/16/2028	110,630
Rakuten Group Inc	0.22	9.750	04/15/2029	110,252
Sasol Financing Usa Llc	0.22	8.750	05/03/2029	110,240
Alpek Sab De Cv	0.22	3.250	02/25/2031	110,071
Vmed O2 Uk Financing I Plc	0.21	3.250	01/31/2031	108,342
Yinson Bergenia Production Bv	0.21	8.498	01/31/2045	107,993
Vedanta Resources Finance Ii Plc	0.21	9.475	07/24/2030	107,980
Pluspetrol Sa	0.21	8.500	05/30/2032	107,887
3r Lux Sarl	0.21	9.750	02/05/2031	107,686
Zegona Finance Plc	0.21	8.625	07/15/2029	107,475
Turkiye Is Bankasi As	0.21	7.750	06/12/2029	107,292
Seadrill Finance Ltd	0.21	8.375	08/01/2030	106,999
Worldline Sa/France	0.21	5.250	11/27/2029	106,808
Maxam Prill Sarl	0.21	7.750	07/15/2030	106,735
Iho Verwaltungs Gmbh	0.21	7.750	11/15/2030	106,693
Iliad Holding Sas	0.21	8.500	04/15/2031	106,558
Kioxia Holdings Corp	0.21	6.625	07/24/2033	106,430
Transnet/South Africa	0.21	8.250	02/06/2028	106,417
Digicel International Finance Ltd / Dif	0.21	8.625	08/01/2032	106,285
Hta Group Ltd/Mauritius	0.21	7.500	06/04/2029	106,118
Ecopetrol Sa	0.21	8.375	01/19/2036	106,111
Delhi International Airport Ltd	0.21	6.450	06/04/2029	106,096
Petrobras Global Finance Bv	0.21	6.500	07/03/2033	106,086
Turk Telekomunikasyon As	0.21	7.375	05/20/2029	106,063
Gfl Environmental Inc	0.21	6.750	01/15/2031	105,810
Akbank Tas	0.21	7.498	01/20/2030	105,731
Sierracol Energy Andina Llc/Sierracol E	0.21	9.000	11/14/2030	105,657
Azule Energy Finance Plc	0.21	8.250	01/22/2031	105,656
Ulker Biskuvi Sanayi As	0.21	7.875	07/08/2031	105,596
Azule Energy Finance Plc	0.21	8.125	01/23/2030	105,469
Turkcell Iletisim Hizmetleri As	0.21	7.450	01/24/2030	105,407
Ithaca Energy North Sea Plc	0.21	8.125	10/15/2029	104,939
Turkiye Vakiflar Bankasi Tao	0.21	8.994	10/05/2034	104,841
Iifl Finance Ltd	0.21	8.750	07/24/2028	104,816
Turkiye Garanti Bankasi As	0.21	8.125	01/03/2035	104,602
Mineral Resources Ltd	0.21	7.000	04/01/2031	104,490
Ardonagh Finco Ltd	0.21	7.750	02/15/2031	104,461
First Quantum Minerals Ltd	0.21	7.250	02/15/2034	104,437
Albion Financing 1 Sarl / Aggreko Holdi	0.21	7.000	05/21/2030	104,266
Ivanhoe Mines Ltd	0.21	7.875	01/23/2030	104,191
Caixa Economica Federal	0.21	5.625	05/13/2030	104,103
Ziggo Bond Co Bv	0.21	3.375	02/28/2030	103,904
Stena International Sa	0.21	7.250	01/15/2031	103,899
Muangthai Capital Pcl	0.21	7.550	07/21/2030	103,875
Tc Ziraat Bankasi As	0.21	7.250	02/04/2030	103,836
Methanex Us Operations Inc	0.21	6.250	03/15/2032	103,783
Bell Telephone Co Of Canada Or Bell Can	0.21	6.875	09/15/2055	103,550
Oztel Holdings Spc Ltd	0.21	6.625	04/24/2028	103,538
Emeria Sasu	0.21	7.750	03/31/2028	103,452
Turkiye Vakiflar Bankasi Tao	0.20	7.250	07/31/2030	103,218
Navoi Mining & Metallurgical Combinat	0.20	6.700	10/17/2028	103,155
Mineral Resources Ltd	0.20	8.500	05/01/2030	103,118
Inversiones Cmpc Sa	0.20	6.700	12/09/2057	102,911
Banco Do Brasil Sa/Cayman	0.20	6.000	03/18/2031	102,843
Gc Treasury Center Co Ltd	0.20	6.500	06/10/2076	102,828
Turkiye Sinai Kalkinma Bankasi As	0.20	7.125	10/17/2029	102,563
Latam Airlines Group Sa	0.20	7.875	04/15/2030	102,497
Cpi Property Group Sa	0.20	1.750	01/14/2030	102,476
Fortescue Treasury Pty Ltd	0.20	5.875	04/15/2030	102,401
Nbm Us Holdings Inc	0.20	6.625	08/06/2029	102,133
1011778 Bc Ulc / New Red Finance Inc	0.20	5.625	09/15/2029	101,757
Wynn Macau Ltd	0.20	6.750	02/15/2034	101,751
Tk Elevator Us Newco Inc	0.20	5.250	07/15/2027	101,646
Atos Se	0.20	7.398	12/18/2029	101,609
Ineos Quattro Finance 2 Plc	0.20	9.625	03/15/2029	101,590
Telus Corp	0.20	6.625	10/15/2055	101,494
Bapco Energies Bsc Closed	0.20	7.500	10/25/2027	101,487
Omgrid Funding Ltd	0.20	5.196	05/16/2027	101,454
Methanex Corp	0.20	5.250	12/15/2029	101,434
Biocon Biologics Global Plc	0.20	6.670	10/09/2029	101,280
Fs Luxembourg Sarl	0.20	8.625	06/25/2033	101,238
Energuate Trust 2 0	0.20	6.350	09/15/2035	101,194
Zf North America Capital Inc	0.20	7.500	03/24/2031	100,989
Ecopetrol Sa	0.20	6.875	04/29/2030	100,887
Muthoot Finance Ltd	0.20	6.375	04/23/2029	100,858
Froneri Lux Finco Sarl	0.20	6.000	08/01/2032	100,479
Wynn Macau Ltd	0.20	5.625	08/26/2028	100,375
Globo Comunicacao E Participacoes S/A	0.20	5.500	01/14/2032	100,193
Banco Btg Pactual Sa/Cayman Islands	0.20	5.500	01/27/2031	100,176
Rede D'Or Finance Sarl	0.20	6.450	09/09/2035	100,070
Petrobras Global Finance Bv	0.20	5.125	09/10/2030	99,970
Melco Resorts Finance Ltd	0.20	5.375	12/04/2029	99,966
Continuum Green Energy India Pvt / Co-I	0.20	7.500	06/26/2033	99,837
Ocp Sa	0.20	6.741	12/31/2049	99,599
Turkiye Ihracat Kredi Bankasi As	0.20	6.375	10/03/2030	99,390
Atlantica Sustainable Infrastructure Lt	0.20	4.125	06/15/2028	99,306
Motion Bondco Dac	0.20	6.625	11/15/2027	99,130
Central American Bottling Corp / Cbc Bo	0.20	5.250	04/27/2029	98,994
Nova Securitisation Sarl	0.20	5.750	02/03/2031	98,953
Gfl Environmental Inc	0.20	4.000	08/01/2028	98,809
Jsw Steel Ltd	0.20	5.050	04/05/2032	98,600
San Miguel Industrias Pet Sa / Ng Pet R	0.19	3.750	08/02/2028	97,853
Bapco Energies Sukuk Ltd	0.19	5.250	04/08/2029	97,599
Sunrise Finco I Bv	0.19	4.875	07/15/2031	97,593
Studio City Finance Ltd	0.19	5.000	01/15/2029	96,879
Ion Platform Finance Us Inc / Ion Platf	0.19	9.500	05/30/2029	96,785
Cerdia Finanz Gmbh	0.19	9.375	10/03/2031	96,693
Constellium Se	0.19	3.750	04/15/2029	96,683
Canpack Sa / Canpack Us Llc	0.19	3.875	11/15/2029	96,476
Avianca Midco 2 Plc	0.19	9.625	02/14/2030	96,423
Cpi Property Group Sa	0.19	1.500	01/27/2031	95,492
1011778 Bc Ulc / New Red Finance Inc	0.19	4.000	10/15/2030	95,379
Vodafone Group Plc	0.19	4.125	06/04/2081	95,193
Ion Platform Finance Us Inc / Ion Platf	0.19	8.750	05/01/2029	95,062
Ziggo Bv	0.19	4.875	01/15/2030	94,364
Ecopetrol Sa	0.19	7.375	09/18/2043	94,292
National Gas Co Of Trinidad & Tobago Lt	0.19	6.050	01/15/2036	93,309
Mobico Group Plc	0.18	4.875	09/26/2031	92,814
Enfragen Energia Sur Sa / Enfragen Spai	0.18	5.375	12/30/2030	92,741
Toucan Finco Ltd/Toucan Finco Can Inc/T	0.18	9.500	05/15/2030	92,119
Klabin Austria Gmbh	0.18	3.200	01/12/2031	91,731
Vmed O2 Uk Financing I Plc	0.17	4.750	07/15/2031	87,989
Ypf Sa	0.17	8.750	09/11/2031	87,063
Cerba Healthcare Saca	0.17	3.500	05/31/2028	86,836
Paysafe Finance Plc / Paysafe Holdings	0.17	4.000	06/15/2029	85,368
Csn Resources Sa	0.17	8.875	12/05/2030	84,942
Bombardier Inc	0.16	8.750	11/15/2030	82,767
Ecopetrol Sa	0.16	8.875	01/13/2033	82,615
Telecom Argentina Sa	0.16	9.500	07/18/2031	82,402
Vista Energy Argentina Sau	0.16	8.500	06/10/2033	82,258
Asg Finance Dac	0.16	9.750	05/15/2029	82,168
Nissan Motor Co Ltd	0.16	8.125	07/17/2035	80,975
Pampa Energia Sa	0.16	7.875	12/16/2034	80,918
Vodafone Group Plc	0.16	5.125	06/04/2081	80,898
Garda World Security Corp	0.16	8.375	11/15/2032	80,356
Connect Finco Sarl / Connect Us Finco L	0.16	9.000	09/15/2029	80,077
Panama Infrastructure Receivable Purcha	0.16	--	04/05/2032	80,006
Tecpetrol Sa	0.16	7.625	11/03/2030	79,812
Ypf Sa	0.16	8.500	06/27/2029	79,808
Ecopetrol Sa	0.16	5.875	05/28/2045	79,523
Orbia Advance Corp Sab De Cv	0.16	5.875	09/17/2044	79,038
Vodafone Group Plc	0.16	7.000	04/04/2079	78,671
Ion Platform Finance Us Inc	0.16	7.875	09/30/2032	78,516
Braskem Netherlands Finance Bv	0.16	8.500	01/12/2031	78,479
Ecopetrol Sa	0.16	7.750	02/01/2032	78,377
Rogers Communications Inc	0.15	7.125	04/15/2055	77,671
Aegea Finance Sarl	0.15	7.625	01/20/2036	77,488
Teva Pharmaceutical Finance Netherlands	0.15	4.100	10/01/2046	77,479
Petrobras Global Finance Bv	0.15	6.250	01/10/2036	76,466
Altice France Sa	0.15	6.500	03/15/2032	75,243
Ypf Sa	0.15	7.000	09/30/2033	75,151
Sable International Finance Ltd	0.15	7.125	10/15/2032	75,135
Wynn Macau Ltd	0.15	5.125	12/15/2029	74,712
Ats Corp	0.15	4.125	12/15/2028	74,458
Air Canada	0.15	4.625	08/15/2029	74,040
1011778 Bc Ulc / New Red Finance Inc	0.15	3.875	01/15/2028	74,025
Greenko Power Ii Ltd	0.15	4.300	12/13/2028	73,943
Petrobras Global Finance Bv	0.15	6.850	06/05/2115	73,576
Vmed O2 Uk Financing I Plc	0.15	7.750	04/15/2032	73,281
Empresas Publicas De Medellin Esp	0.14	4.250	07/18/2029	72,132
Open Text Corp	0.14	3.875	12/01/2029	68,877
Minerva Luxembourg Sa	0.13	4.375	03/18/2031	67,810
Aes Panama Generation Holdings Srl	0.13	4.375	05/31/2030	67,145
Goeasy Ltd	0.13	7.375	10/01/2030	64,347
Petroleos Del Peru Sa	0.12	4.750	06/19/2032	62,116
Star Energy Geothermal Wayang Windu Ltd	0.12	6.750	04/24/2033	61,602
Electricite De France Sa	0.12	9.125	12/15/2073	60,058
Petroleos Mexicanos	0.12	10.000	02/07/2033	59,803
Mong Duong Finance Holdings Bv	0.12	5.125	05/07/2029	58,667
Telus Corp	0.12	6.250	07/21/2055	57,966
Bell Telephone Co Of Canada Or Bell Can	0.11	5.625	03/27/2055	55,816
Petroleos Mexicanos	0.11	8.750	06/02/2029	55,382
Telecom Argentina Sa	0.11	9.250	05/28/2033	55,145
Bombardier Inc	0.11	7.450	05/01/2034	55,127
Yinson Boronia Production Bv	0.11	8.947	07/31/2042	54,910
Grupo Nutresa Sa	0.11	8.000	05/12/2030	54,702
Ecopetrol Sa	0.11	8.625	01/19/2029	54,307
Ihs Holding Ltd	0.11	8.250	11/29/2031	54,099
First Quantum Minerals Ltd	0.11	8.625	06/01/2031	54,007
Bombardier Inc	0.11	7.250	07/01/2031	53,890
Garrett Motion Holdings Inc / Garrett L	0.11	7.750	05/31/2032	53,867
Vedanta Resources Finance Ii Plc	0.11	10.875	09/17/2029	53,836
Mersin Uluslararasi Liman Isletmeciligi	0.11	8.250	11/15/2028	53,650
Sisecam Uk Plc	0.11	8.625	05/02/2032	53,616
Ypf Sa	0.11	8.250	01/17/2034	53,584
Energean Israel Finance Ltd	0.11	8.500	09/30/2033	53,567
Bombardier Inc	0.11	6.750	06/15/2033	53,482
Sisecam Uk Plc	0.11	8.250	05/02/2029	53,337
Eregli Demir Ve Celik Fabrikalari Tas	0.11	8.375	07/23/2029	53,296
Ardagh Finance Holdings Sa	0.11	9.500	12/01/2030	53,290
First Quantum Minerals Ltd	0.11	8.000	03/01/2033	53,277
Eushi Finance Inc	0.11	7.625	12/15/2054	53,246
Ld Celulose International Gmbh	0.11	7.950	01/26/2032	53,223
South Bow Canadian Infrastructure Holdi	0.10	7.625	03/01/2055	52,859
Nissan Motor Co Ltd	0.10	7.500	07/17/2030	52,802
Mhp Lux Sa	0.10	10.500	07/28/2029	52,707
Rakuten Group Inc	0.10	8.125	12/31/2049	52,667
C&W Senior Finance Ltd	0.10	9.000	01/15/2033	52,622
Consolidated Energy Finance Sa	0.10	12.000	02/15/2031	52,596
Arcor Saic	0.10	7.600	07/31/2033	52,586
Banco Macro Sa	0.10	8.000	06/23/2029	52,508
Itau Unibanco Holding Sa/Cayman Island	0.10	6.000	02/27/2030	52,498
Cemex Sab De Cv	0.10	7.200	12/31/2049	52,358
Oryx Funding Ltd	0.10	5.800	02/03/2031	52,127
1011778 Bc Ulc / New Red Finance Inc	0.10	6.125	06/15/2029	52,078
Petrobras Global Finance Bv	0.10	6.875	01/20/2040	51,965
Orbia Advance Corp Sab De Cv	0.10	6.800	05/13/2030	51,959
Termocandelaria Power Sa	0.10	7.750	09/17/2031	51,923
Telus Corp	0.10	7.000	10/15/2055	51,906
Teva Pharmaceutical Finance Netherlands	0.10	6.750	03/01/2028	51,888
Fortescue Treasury Pty Ltd	0.10	6.125	04/15/2032	51,875
Petroleos Mexicanos	0.10	6.840	01/23/2030	51,867
Medco Maple Tree Pte Ltd	0.10	8.960	04/27/2029	51,777
Banco Internacional Del Peru Saa Interb	0.10	6.397	04/30/2035	51,675
Banijay Entertainment Sas	0.10	8.125	05/01/2029	51,652
Petrobras Global Finance Bv	0.10	6.000	01/13/2035	51,565
Fibercop Spa	0.10	6.375	11/15/2033	51,541
Teva Pharmaceutical Finance Netherlands	0.10	5.125	05/09/2029	51,446
Zf North America Capital Inc	0.10	6.875	04/14/2028	51,428
Lcpr Senior Secured Financing Dac	0.10	6.750	10/15/2027	51,400
Banco Btg Pactual Sa/Cayman Islands	0.10	6.250	04/08/2029	51,344
Rogers Communications Inc	0.10	7.000	04/15/2055	51,228
Capstone Copper Corp	0.10	6.750	03/31/2033	51,208
Howden Uk Refinance Plc / Howden Uk Ref	0.10	7.250	02/15/2031	51,139
Fibercop Spa	0.10	7.200	07/18/2036	51,040
We Soda Investments Holding Plc	0.10	9.500	10/06/2028	50,989
Banco Votorantim Sa/Luxembourg	0.10	5.875	04/08/2028	50,886
Mazoon Assets Co Saoc	0.10	5.250	10/09/2031	50,848
Klabin Austria Gmbh	0.10	5.750	04/03/2029	50,846
Melco Resorts Finance Ltd	0.10	5.625	07/17/2027	50,742
Grupo Aeromexico Sab De Cv	0.10	8.625	11/15/2031	50,688
Instituto Costarricense De Electricidad	0.10	6.375	05/15/2043	50,665
Petrobras Global Finance Bv	0.10	6.750	01/27/2041	50,649
Melco Resorts Finance Ltd	0.10	5.750	07/21/2028	50,578
Brookfield Residential Properties Inc /	0.10	6.250	09/15/2027	50,462
California Buyer Ltd / Atlantica Sustai	0.10	6.375	02/15/2032	50,405
Garda World Security Corp	0.10	6.000	06/01/2029	50,294
Petrorio Luxembourg Holding Sarl	0.10	6.750	10/15/2030	50,136
Vistajet Malta Finance Plc / Vista Mana	0.10	7.875	05/01/2027	50,061
Investment Energy Resources Ltd	0.10	6.250	04/26/2029	50,047
Amaggi Luxembourg International Sarl	0.10	5.250	01/28/2028	50,000
Rumo Luxembourg Sarl	0.10	5.250	01/10/2028	49,904
Uzbekneftegaz Jsc	0.10	4.750	11/16/2028	49,839
Zf North America Capital Inc	0.10	6.750	04/23/2030	49,778
First Quantum Minerals Ltd	0.10	6.375	02/15/2036	49,769
Banistmo Sa	0.10	4.250	07/31/2027	49,765
Nova Chemicals Corp	0.10	4.250	05/15/2029	49,732
Virgin Media Secured Finance Plc	0.10	5.500	05/15/2029	49,549
Centrais Eletricas Brasileiras Sa	0.10	4.625	02/04/2030	48,664
Brf Sa	0.10	4.875	01/24/2030	48,540
Mattamy Group Corp	0.10	4.625	03/01/2030	48,265
Minsur Sa	0.10	4.500	10/28/2031	48,074
Fortescue Treasury Pty Ltd	0.10	4.375	04/01/2031	48,010
Rede D'Or Finance Sarl	0.10	4.500	01/22/2030	47,907
Grupo Aval Ltd	0.09	4.375	02/04/2030	47,721
Bangkok Bank Pcl/Hong Kong	0.09	3.733	09/25/2034	47,713
Colombia Telecomunicaciones Sa Esp	0.09	4.950	07/17/2030	47,681
Vistajet Malta Finance Plc / Vista Mana	0.09	6.375	02/01/2030	47,675
Sasol Financing Usa Llc	0.09	5.500	03/18/2031	47,501
Global Auto Holdings Ltd/Aag Fh Uk Ltd	0.09	8.750	01/15/2032	47,327
B3 Sa - Brasil Bolsa Balcao	0.09	4.125	09/20/2031	46,927
Kosmos Energy Ltd	0.09	8.750	10/01/2031	46,615
Borr Ihc Ltd / Borr Finance Llc	0.09	10.000	11/15/2028	46,596
Ai Candelaria -Spain- Sa	0.09	5.750	06/15/2033	46,262
Open Text Holdings Inc	0.09	4.125	02/15/2030	45,485
Petroleos Mexicanos	0.09	6.500	06/02/2041	45,385
Marb Bondco Plc	0.09	3.950	01/29/2031	45,356
Zorlu Enerji Elektrik Uretim As	0.09	11.000	04/23/2030	44,651
Csn Inova Ventures	0.09	6.750	01/28/2028	43,553
Mc Brazil Downstream Trading Sarl	0.09	7.250	06/30/2031	43,514
Aegea Finance Sarl	0.09	9.000	01/20/2031	43,213
Nemak Sab De Cv	0.09	3.625	06/28/2031	43,142
Petroleos Mexicanos	0.08	6.375	01/23/2045	42,384
Anglogold Ashanti Holdings Plc	0.08	6.500	04/15/2040	42,359
Leviathan Bond Ltd	0.08	6.750	06/30/2030	42,132
Rb Global Holdings Inc	0.08	7.750	03/15/2031	41,986
Petroleos Mexicanos	0.08	6.350	02/12/2048	40,933
Nova Chemicals Corp	0.08	5.250	06/01/2027	40,890
Aston Martin Capital Holdings Ltd	0.08	10.000	03/31/2029	40,189
Altice Financing Sa	0.07	5.750	08/15/2029	37,472
Avianca Midco 2 Plc	0.07	9.000	12/01/2028	37,169
Rogers Communications Inc	0.07	5.625	04/15/2055	36,976
Csn Resources Sa	0.07	4.625	06/10/2031	35,186
Energean Israel Finance Ltd	0.07	5.875	03/30/2031	33,779
Braskem Netherlands Finance Bv	0.06	4.500	01/10/2028	32,138
Telus Corp	0.06	6.750	07/21/2055	32,039
Petroleos Mexicanos	0.06	5.350	02/12/2028	30,365
Adecoagro Sa	0.06	7.500	07/29/2032	30,309
Braskem Netherlands Finance Bv	0.06	4.500	01/31/2030	30,164
Braskem Netherlands Finance Bv	0.06	7.250	02/13/2033	29,483
Nufarm Australia Ltd / Nufarm Americas	0.06	5.000	01/27/2030	28,013
New Flyer Holdings Inc	0.06	9.250	07/01/2030	27,769
Karoon Usa Finance Inc	0.05	10.500	05/14/2029	27,261
Golomt Bank	0.05	11.000	05/20/2027	27,180
Transportadora De Gas Del Sur Sa	0.05	8.500	07/24/2031	27,106
Telecom Italia Capital Sa	0.05	6.375	11/15/2033	27,002
Pan American Energy Llc/Argentina	0.05	8.500	04/30/2032	26,893
South Bow Canadian Infrastructure Holdi	0.05	7.500	03/01/2055	26,886
Nova Chemicals Corp	0.05	9.000	02/15/2030	26,878
Bombardier Inc	0.05	7.000	06/01/2032	26,861
Champion Iron Canada Inc	0.05	7.875	07/15/2032	26,806
Teva Pharmaceutical Finance Netherlands	0.05	6.000	12/01/2032	26,676
Navoi Mining & Metallurgical Combinat	0.05	6.950	10/17/2031	26,668
Teva Pharmaceutical Finance Co Llc	0.05	6.150	02/01/2036	26,605
Ypf Sa	0.05	2.500	06/30/2029	26,566
Aeropuertos Dominicanos Siglo Xxi Sa	0.05	7.000	06/30/2034	26,562
Indika Energy Tbk Pt	0.05	8.750	05/07/2029	26,558
Vista Energy Argentina Sau	0.05	7.625	12/10/2035	26,533
Bombardier Inc	0.05	7.500	02/01/2029	26,462
Tecpetrol Sa	0.05	7.625	01/22/2033	26,461
Enerflex Inc	0.05	6.875	01/15/2031	26,441
Pan American Energy Llc/Argentina	0.05	7.750	01/15/2037	26,433
Teva Pharmaceutical Finance Netherlands	0.05	5.750	12/01/2030	26,278
Taseko Mines Ltd	0.05	8.250	05/01/2030	26,208
Northriver Midstream Finance Lp	0.05	6.750	07/15/2032	26,175
Petrobras Global Finance Bv	0.05	7.250	03/17/2044	26,119
Cia De Minas Buenaventura Saa	0.05	6.800	02/04/2032	26,108
Petrobras Global Finance Bv	0.05	7.375	01/17/2027	26,079
Heritage Petroleum Co Ltd	0.05	9.000	08/12/2029	26,078
Altagas Ltd	0.05	7.200	10/15/2054	26,070
Jones Deslauriers Insurance Management	0.05	8.500	03/15/2030	26,061
Coeur Mining Inc	0.05	--	04/01/2032	25,989
Petroleos Mexicanos	0.05	6.500	01/23/2029	25,919
Petrobras Global Finance Bv	0.05	5.600	01/03/2031	25,911
International Petroleum Corp	0.05	7.500	10/10/2030	25,837
Cascades Inc/Cascades Usa Inc	0.05	6.750	07/15/2030	25,766
Vermilion Energy Inc	0.05	7.250	02/15/2033	25,759
Precision Drilling Corp	0.05	6.875	01/15/2029	25,750
Puma International Financing Sa	0.05	7.750	04/25/2029	25,747
Ypf Energia Electrica Sa	0.05	7.875	10/16/2032	25,704
Leviathan Bond Ltd	0.05	6.500	06/30/2027	25,702
Ypf Sa	0.05	6.950	07/21/2027	25,635
Teva Pharmaceutical Finance Netherlands	0.05	4.750	05/09/2027	25,561
Empire Communities Corp	0.05	9.750	05/01/2029	25,519
Braskem Netherlands Finance Bv	0.05	5.875	01/31/2050	25,461
Great Canadian Gaming Corp/Raptor Llc	0.05	8.750	11/15/2029	25,403
Hudbay Minerals Inc	0.05	6.125	04/01/2029	25,247
Eldorado Gold Corp	0.05	6.250	09/01/2029	25,231
Gfl Environmental Inc	0.05	4.750	06/15/2029	25,174
Teine Energy Ltd	0.05	6.875	04/15/2029	25,126
Cascades Inc/Cascades Usa Inc	0.05	5.375	01/15/2028	24,977
Fortescue Treasury Pty Ltd	0.05	4.500	09/15/2027	24,974
Saturn Oil & Gas Inc	0.05	9.625	06/15/2029	24,972
Petrobras Global Finance Bv	0.05	6.900	03/19/2049	24,934
Iamgold Corp	0.05	5.750	10/15/2028	24,931
Energean Israel Finance Ltd	0.05	5.375	03/30/2028	24,771
Gfl Environmental Inc	0.05	4.375	08/15/2029	24,708
Brookfield Residential Properties Inc /	0.05	5.000	06/15/2029	24,576
Georgian Railway Jsc	0.05	4.000	06/17/2028	24,488
Superior Plus Lp / Superior General Par	0.05	4.500	03/15/2029	24,401
Rakuten Group Inc	0.05	6.250	04/22/2170	23,657
Ypf Sa	0.05	7.000	12/15/2047	23,377
Goeasy Ltd	0.04	6.875	05/15/2030	21,927
Open Text Holdings Inc	0.04	4.125	12/01/2031	21,795
Playtika Holding Corp	0.04	4.250	03/15/2029	21,694
Capital Power Corp	0.04	8.125	06/05/2054	21,390
Petrobras Global Finance Bv	0.04	5.500	06/10/2051	21,096
Altagas Ltd	0.04	8.900	11/10/2083	20,957
Mercer International Inc	0.04	5.125	02/01/2029	20,693
Transalta Corp	0.04	6.900	11/15/2030	20,463
Inter Pipeline Ltd/Ab	0.04	6.875	03/26/2079	19,439
Cineplex Inc	0.04	7.625	03/31/2029	19,392
Secure Energy Services Inc	0.04	5.750	11/20/2032	19,361
Altagas Ltd	0.04	7.350	08/17/2082	19,349
Brookfield Property Finance Ulc	0.04	7.125	02/13/2028	19,301
Transalta Corp	0.04	5.625	03/24/2032	19,211
Sleep Country Canada Holdings Inc	0.04	6.625	11/28/2032	19,145
Tamarack Valley Energy Ltd	0.04	7.250	05/10/2027	19,144
Transalta Corp	0.04	5.625	03/24/2032	19,096
Ats Corp	0.04	6.500	08/21/2032	19,083
Cogeco Communications Inc	0.04	6.125	02/27/2029	19,072
Doman Building Materials Group Ltd	0.04	7.500	09/17/2029	18,987
North American Energy Partners Inc	0.04	7.750	05/01/2030	18,911
Laurentian Bank Of Canada	0.04	5.095	06/15/2032	18,883
Recipe Unltd Corp/Societe De Re Cettes	0.04	5.700	01/29/2033	18,845
Gibson Energy Inc	0.04	5.250	12/22/2080	18,708
Keyera Corp	0.04	6.000	10/15/2055	18,626
Algonquin Power & Utilities Corp	0.04	5.250	01/18/2082	18,607
Telus Corp	0.04	5.375	06/09/2056	18,538
Superior Plus Lp	0.04	4.250	05/18/2028	18,514
Pembina Pipeline Corp	0.04	4.800	01/25/2081	18,456
Jones Deslauriers Insurance Management	0.04	7.250	10/01/2033	18,139
Mv24 Capital Bv	0.04	6.748	06/01/2034	17,964
Mineral Resources Ltd	0.04	9.250	10/01/2028	17,795
Peru Lng Srl	0.03	5.375	03/22/2030	16,270
Kronos Acquisition Holdings Inc	0.03	8.250	06/30/2031	16,006
Goeasy Ltd	0.03	9.250	12/01/2028	14,777
Goeasy Ltd	0.03	7.625	07/01/2029	13,838
Dye & Durham Ltd	0.03	8.625	04/15/2029	13,155
Altagas Ltd	0.02	5.250	01/11/2082	11,240
Ardagh Packaging Finance Plc / Ardagh H	0.02	5.250	08/15/2027	9,579
Corus Entertainment Inc	0.01	5.000	05/11/2028	6,489
Bakrie Telecom Pte Ltd	0.00	11.500	01/01/2099	1,313
Abengoa Abenewco 2 Sa	0.00	1.500	10/26/2026	633
Abengoa Sa	0.00	--	03/31/2027	588
Abengoa Abenewco 2 Sa	0.00	1.500	10/26/2026	104
Digicel Group Holdings Ltd	0.00	--	12/31/2030	0
--	0.80	--	--	402,283
--	0.64	--	--	321,026
--	0.08	--	--	40,913
--	0.02	--	--	11,910
Other/Cash	-0.51	--	--	-254,846

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Country of risk is defined using the International Organization for Standardization’s (ISO) country codes which take four factors into account (listed in order of importance): management location, country of primary listing, country of revenue and reporting currency of the issuer. Management location is defined by country of domicile unless location of such key players as the CEO, CFO, COO or General Counsel is otherwise.

Portfolio

Currency Exposure (%)
Sector Weightings (%)
Country Weightings (%)
Credit Quality (%)
Years to Maturity

Credit Quality (%) as of 03/31/2026

Composite		% of Net Assets
Non-Investment Grade	D	0.11
Investment Grade	BBB	1.95
Non-Investment Grade	BB	59.56
	B	31.71
	CCC	3.31
	C	0.01
Total Non-Investment Grade	--	0.11
Total Investment Grade	--	1.95
Total Non-Investment Grade	--	94.59
Not Rated	--	2.53

If more than one rating is available for an underlying security, the lower of the two ratings is used. If a bond issued by a national government, national government agency or supranational issuer is not rated, the issuer’s credit rating will be used. If two issuer ratings are available, the lower of the two is used. If only one rating is available in all scenarios, we will use the rating provided. If no rating is available, the security will be not rated. Not rated securities do not necessarily indicate lower credit quality. Ratings and portfolio credit quality may change over time.

Years to Maturity as at 03/31/2026

Years
Maturity (%)
< 1
0.40
1 - 3
21.90
3 - 5
38.40
5 - 7
15.70
7 - 10
7.50
10 - 15
1.80
15 - 20
1.20
20 - 30
5.10
30 +
8.00

Fees

Distributions

Distribution History

Anticipated Frequency: Monthly Dividend Income & Annual Capital Gains

Ex-date	Record Date	Payable date	Dividend Income^‡	Short-Term Capital Gains	Long-Term Capital Gains	Return of Capital	Total Distributions
05/01/2026	05/01/2026	05/06/2026	$ 0.1000	--	--	--	$ 0.10
04/01/2026	04/01/2026	04/07/2026	$ 0.1207	--	--	--	$ 0.12
03/02/2026	03/02/2026	03/05/2026	$ 0.0919	--	--	--	$ 0.09
02/02/2026	02/02/2026	02/05/2026	$ 0.0987	--	--	--	$ 0.10
12/29/2025	12/29/2025	12/31/2025	$ 0.1283	--	--	--	$ 0.13
11/28/2025	11/28/2025	12/03/2025	$ 0.0970	--	--	--	$ 0.10
11/03/2025	11/03/2025	11/06/2025	$ 0.1023	--	--	--	$ 0.10
10/01/2025	10/01/2025	10/06/2025	$ 0.0977	--	--	--	$ 0.10
09/02/2025	09/02/2025	09/05/2025	$ 0.0976	--	--	--	$ 0.10
08/01/2025	08/01/2025	08/06/2025	$ 0.1026	--	--	--	$ 0.10
07/01/2025	07/01/2025	07/07/2025	$ 0.0842	--	--	--	$ 0.08
06/02/2025	06/02/2025	06/05/2025	$ 0.1004	--	--	--	$ 0.10
05/01/2025	05/01/2025	05/06/2025	$ 0.0880	--	--	--	$ 0.09
04/01/2025	04/01/2025	04/04/2025	$ 0.1016	--	--	--	$ 0.10
03/03/2025	03/03/2025	03/06/2025	$ 0.0698	--	--	--	$ 0.07
02/03/2025	02/03/2025	02/06/2025	$ 0.0996	--	--	--	$ 0.10
12/27/2024	12/27/2024	12/30/2024	$ 0.0814	--	--	$ 0.0203	$ 0.10
12/02/2024	12/02/2024	12/05/2024	$ 0.0808	--	--	$ 0.0202	$ 0.10
11/01/2024	11/01/2024	11/06/2024	$ 0.0790	--	--	$ 0.0197	$ 0.10
10/01/2024	10/01/2024	10/04/2024	$ 0.0761	--	--	$ 0.0190	$ 0.10
09/03/2024	09/03/2024	09/06/2024	$ 0.0775	--	--	$ 0.0194	$ 0.10
08/01/2024	08/01/2024	08/06/2024	$ 0.0738	--	--	$ 0.0184	$ 0.09
07/01/2024	07/01/2024	07/05/2024	$ 0.0795	--	--	$ 0.0199	$ 0.10
06/03/2024	06/03/2024	06/06/2024	$ 0.0807	--	--	$ 0.0202	$ 0.10
04/23/2024	04/24/2024	04/29/2024	$ 0.0673	--	--	$ 0.0268	$ 0.09
04/01/2024	04/02/2024	04/05/2024	$ 0.0691	--	--	$ 0.0275	$ 0.10
03/01/2024	03/04/2024	03/07/2024	$ 0.0572	--	--	$ 0.0227	$ 0.08
02/01/2024	02/02/2024	02/07/2024	$ 0.0648	--	--	$ 0.0257	$ 0.09
12/27/2023	12/28/2023	12/29/2023	$ 0.0837	--	--	$ 0.0179	$ 0.10
12/01/2023	12/04/2023	12/07/2023	$ 0.0697	--	--	$ 0.0150	$ 0.08
11/01/2023	11/02/2023	11/07/2023	$ 0.0714	--	--	$ 0.0153	$ 0.09
10/02/2023	10/03/2023	10/06/2023	$ 0.0911	--	--	$ 0.0195	$ 0.11
09/01/2023	09/05/2023	09/08/2023	$ 0.0756	--	--	$ 0.0162	$ 0.09
08/01/2023	08/02/2023	08/10/2023	$ 0.0760	--	--	$ 0.0163	$ 0.09
07/03/2023	07/05/2023	07/07/2023	$ 0.0680	--	--	$ 0.0146	$ 0.08
06/01/2023	06/02/2023	06/07/2023	$ 0.0874	--	--	$ 0.0188	$ 0.11
04/24/2023	04/25/2023	04/28/2023	$ 0.0857	--	--	$ 0.0262	$ 0.11
04/03/2023	04/04/2023	04/10/2023	$ 0.0876	--	--	$ 0.0268	$ 0.11
03/01/2023	03/02/2023	03/07/2023	$ 0.0779	--	--	$ 0.0238	$ 0.10
02/01/2023	02/02/2023	02/07/2023	$ 0.0908	--	--	$ 0.0278	$ 0.12
12/28/2022	12/29/2022	12/30/2022	$ 0.0881	--	--	--	$ 0.09
12/01/2022	12/02/2022	12/07/2022	$ 0.0806	--	--	--	$ 0.08
11/01/2022	11/02/2022	11/07/2022	$ 0.0869	--	--	--	$ 0.09
10/03/2022	10/04/2022	10/07/2022	$ 0.0658	--	--	--	$ 0.07
09/01/2022	09/02/2022	09/08/2022	$ 0.0796	--	--	--	$ 0.08
08/01/2022	08/02/2022	08/05/2022	$ 0.0818	--	--	--	$ 0.08
07/01/2022	07/05/2022	07/08/2022	$ 0.0823	--	--	--	$ 0.08
06/01/2022	06/02/2022	06/07/2022	$ 0.0872	--	--	--	$ 0.09
04/25/2022	04/26/2022	04/29/2022	$ 0.0869	--	--	--	$ 0.09
04/01/2022	04/04/2022	04/07/2022	$ 0.0843	--	--	--	$ 0.08
03/01/2022	03/02/2022	03/07/2022	$ 0.0759	--	--	--	$ 0.08
02/01/2022	02/02/2022	02/07/2022	$ 0.0797	--	--	--	$ 0.08
12/29/2021	12/30/2021	12/31/2021	$ 0.0872	--	--	--	$ 0.09
12/01/2021	12/02/2021	12/07/2021	$ 0.0854	--	--	--	$ 0.09
11/01/2021	11/02/2021	11/05/2021	$ 0.0930	--	--	--	$ 0.09
10/01/2021	10/04/2021	10/07/2021	$ 0.0884	--	--	--	$ 0.09
09/01/2021	09/02/2021	09/08/2021	$ 0.0949	--	--	--	$ 0.09
08/02/2021	08/03/2021	08/06/2021	$ 0.0937	--	--	--	$ 0.09
07/01/2021	07/02/2021	07/08/2021	$ 0.0841	--	--	--	$ 0.08
06/01/2021	06/02/2021	06/07/2021	$ 0.0952	--	--	--	$ 0.10
04/26/2021	04/27/2021	04/30/2021	$ 0.0955	--	--	$ 0.0066	$ 0.10
04/01/2021	04/05/2021	04/08/2021	$ 0.0985	--	--	$ 0.0068	$ 0.11
03/01/2021	03/02/2021	03/05/2021	$ 0.0852	--	--	$ 0.0059	$ 0.09
02/01/2021	02/02/2021	02/05/2021	$ 0.0971	--	--	$ 0.0068	$ 0.10
12/29/2020	12/30/2020	01/05/2021	$ 0.0988	--	--	$ 0.0050	$ 0.10
12/01/2020	12/02/2020	12/07/2020	$ 0.1020	--	--	$ 0.0051	$ 0.11
11/02/2020	11/03/2020	11/06/2020	$ 0.1016	--	--	$ 0.0051	$ 0.11
10/01/2020	10/02/2020	10/07/2020	$ 0.0963	--	--	$ 0.0048	$ 0.10
09/01/2020	09/02/2020	09/08/2020	$ 0.0940	--	--	$ 0.0047	$ 0.10
08/03/2020	08/04/2020	08/07/2020	$ 0.1038	--	--	$ 0.0052	$ 0.11
07/01/2020	07/02/2020	07/08/2020	$ 0.0893	--	--	$ 0.0045	$ 0.09
06/01/2020	06/02/2020	06/05/2020	$ 0.1082	--	--	$ 0.0054	$ 0.11
04/24/2020	04/27/2020	04/30/2020	$ 0.1112	--	--	$ 0.0241	$ 0.14
04/01/2020	04/02/2020	04/07/2020	$ 0.1025	--	--	$ 0.0222	$ 0.12
03/02/2020	03/03/2020	03/06/2020	$ 0.0966	--	--	$ 0.0209	$ 0.12
02/03/2020	02/04/2020	02/07/2020	$ 0.1024	--	--	$ 0.0222	$ 0.12
12/30/2019	12/31/2019	01/06/2020	$ 0.1050	--	--	--	$ 0.10
12/02/2019	12/03/2019	12/06/2019	$ 0.0975	--	--	--	$ 0.10
11/01/2019	11/04/2019	11/07/2019	$ 0.1122	--	--	--	$ 0.11
10/01/2019	10/02/2019	10/07/2019	$ 0.1137	--	--	--	$ 0.11
09/03/2019	09/04/2019	09/09/2019	$ 0.1084	--	--	--	$ 0.11
08/01/2019	08/02/2019	08/07/2019	$ 0.1046	--	--	--	$ 0.10
07/01/2019	07/02/2019	07/08/2019	$ 0.0667	--	--	--	$ 0.07
06/03/2019	06/04/2019	06/07/2019	$ 0.1368	--	--	--	$ 0.14
04/24/2019	04/25/2019	04/30/2019	$ 0.0962	--	--	$ 0.0145	$ 0.11
04/01/2019	04/02/2019	04/05/2019	$ 0.0989	--	--	$ 0.0149	$ 0.11
03/01/2019	03/04/2019	03/07/2019	$ 0.0825	--	--	$ 0.0124	$ 0.09
02/01/2019	02/04/2019	02/07/2019	$ 0.0989	--	--	$ 0.0149	$ 0.11
12/27/2018	12/28/2018	01/03/2019	$ 0.0904	--	--	--	$ 0.09
12/03/2018	12/04/2018	12/07/2018	$ 0.0908	--	--	--	$ 0.09
11/01/2018	11/02/2018	11/07/2018	$ 0.1134	--	--	--	$ 0.11
10/01/2018	10/02/2018	10/05/2018	$ 0.0953	--	--	--	$ 0.10
09/04/2018	09/05/2018	09/10/2018	$ 0.0925	--	--	--	$ 0.09
08/01/2018	08/02/2018	08/07/2018	$ 0.0944	--	--	--	$ 0.09
07/02/2018	07/03/2018	07/09/2018	$ 0.0928	--	--	--	$ 0.09
06/01/2018	06/04/2018	06/07/2018	$ 0.0953	--	--	--	$ 0.10
04/24/2018	04/25/2018	04/30/2018	$ 0.0870	--	--	$ 0.0373	$ 0.12
04/02/2018	04/03/2018	04/06/2018	$ 0.0886	--	--	$ 0.0380	$ 0.13
03/01/2018	03/02/2018	03/07/2018	$ 0.0617	--	--	$ 0.0264	$ 0.09
02/01/2018	02/02/2018	02/07/2018	$ 0.0980	--	--	$ 0.0420	$ 0.14
12/27/2017	12/28/2017	01/03/2018	$ 0.0937	--	--	--	$ 0.09
12/01/2017	12/04/2017	12/07/2017	$ 0.0894	--	--	--	$ 0.09
11/01/2017	11/02/2017	11/07/2017	$ 0.0921	--	--	--	$ 0.09
10/02/2017	10/03/2017	10/06/2017	$ 0.0762	--	--	--	$ 0.08
09/01/2017	09/06/2017	09/08/2017	$ 0.0963	--	--	--	$ 0.10
08/01/2017	08/03/2017	08/07/2017	$ 0.0910	--	--	--	$ 0.09
07/03/2017	07/06/2017	07/10/2017	$ 0.0946	--	--	--	$ 0.09
06/01/2017	06/05/2017	06/07/2017	$ 0.1012	--	--	--	$ 0.10
05/01/2017	05/03/2017	05/05/2017	$ 0.0870	--	--	--	$ 0.09
04/03/2017	04/05/2017	04/07/2017	$ 0.1048	--	--	$ 0.1048	$ 0.21
03/01/2017	03/03/2017	03/07/2017	$ 0.0847	--	--	$ 0.0847	$ 0.17
02/01/2017	02/03/2017	02/07/2017	$ 0.1080	--	--	$ 0.1080	$ 0.22
12/28/2016	12/30/2016	01/04/2017	$ 0.0921	--	--	$ 0.0059	$ 0.10
12/01/2016	12/05/2016	12/07/2016	$ 0.0940	--	--	$ 0.0060	$ 0.10
11/01/2016	11/03/2016	11/07/2016	$ 0.0973	--	--	$ 0.0062	$ 0.10
10/03/2016	10/05/2016	10/07/2016	$ 0.1000	--	--	$ 0.0064	$ 0.11
09/01/2016	09/06/2016	09/08/2016	$ 0.1000	--	--	$ 0.0064	$ 0.11
08/01/2016	08/03/2016	08/05/2016	$ 0.1038	--	--	$ 0.0066	$ 0.11
07/01/2016	07/06/2016	07/08/2016	$ 0.1040	--	--	$ 0.0066	$ 0.11
06/01/2016	06/03/2016	06/07/2016	$ 0.1000	--	--	$ 0.0064	$ 0.11
05/02/2016	05/04/2016	05/06/2016	$ 0.0994	--	--	$ 0.0063	$ 0.11
04/01/2016	04/05/2016	04/07/2016	$ 0.1120	--	--	$ 0.1042	$ 0.22
03/01/2016	03/03/2016	03/07/2016	$ 0.0960	--	--	$ 0.0893	$ 0.19
02/01/2016	02/03/2016	02/05/2016	$ 0.1179	--	--	$ 0.1096	$ 0.23
12/29/2015	12/31/2015	01/05/2016	$ 0.1090	--	--	--	$ 0.11
12/01/2015	12/03/2015	12/07/2015	$ 0.1054	--	--	--	$ 0.11
11/02/2015	11/04/2015	11/06/2015	$ 0.1100	--	--	--	$ 0.11
10/01/2015	10/05/2015	10/07/2015	$ 0.0996	--	--	--	$ 0.10
09/01/2015	09/03/2015	09/08/2015	$ 0.1180	--	--	--	$ 0.12
08/03/2015	08/05/2015	08/07/2015	$ 0.1218	--	--	--	$ 0.12
07/01/2015	07/06/2015	07/08/2015	$ 0.1040	--	--	--	$ 0.10
06/01/2015	06/03/2015	06/05/2015	$ 0.1100	--	--	--	$ 0.11
05/01/2015	05/05/2015	05/07/2015	$ 0.0990	--	--	--	$ 0.10
04/01/2015	04/06/2015	04/08/2015	$ 0.1150	--	--	$ 0.1035	$ 0.22
03/02/2015	03/04/2015	03/06/2015	$ 0.1000	--	--	$ 0.0900	$ 0.19
02/02/2015	02/04/2015	02/06/2015	$ 0.1112	--	--	$ 0.1001	$ 0.21
12/29/2014	12/31/2014	01/05/2015	$ 0.1230	--	--	--	$ 0.12
12/01/2014	12/03/2014	12/05/2014	$ 0.1100	--	--	--	$ 0.11
11/03/2014	11/05/2014	11/07/2014	$ 0.1160	--	--	--	$ 0.12
10/01/2014	10/03/2014	10/07/2014	$ 0.1150	--	--	--	$ 0.12
09/02/2014	09/04/2014	09/08/2014	$ 0.1220	--	--	--	$ 0.12
08/01/2014	08/05/2014	08/07/2014	$ 0.1220	--	--	--	$ 0.12
07/01/2014	07/03/2014	07/08/2014	$ 0.1100	--	--	--	$ 0.11
06/02/2014	06/04/2014	06/06/2014	$ 0.1220	--	--	--	$ 0.12
05/01/2014	05/05/2014	05/07/2014	$ 0.1170	--	--	--	$ 0.12
04/01/2014	04/03/2014	04/07/2014	$ 0.1220	--	--	--	$ 0.12
03/03/2014	03/05/2014	03/07/2014	$ 0.1100	--	--	--	$ 0.11
02/03/2014	02/05/2014	02/07/2014	$ 0.1200	--	--	--	$ 0.12
12/27/2013	12/31/2013	01/03/2014	$ 0.1200	$ 0.0455	--	--	$ 0.17
12/02/2013	12/04/2013	12/06/2013	$ 0.1550	--	--	--	$ 0.15
11/01/2013	11/05/2013	11/07/2013	$ 0.3100	--	--	--	$ 0.31
10/01/2013	10/03/2013	10/07/2013	$ 0.1280	--	--	--	$ 0.13
09/03/2013	09/05/2013	09/09/2013	$ 0.1290	--	--	--	$ 0.13
08/01/2013	08/05/2013	08/07/2013	$ 0.1320	--	--	--	$ 0.13
07/01/2013	07/03/2013	07/08/2013	$ 0.1170	--	--	--	$ 0.12
06/03/2013	06/05/2013	06/07/2013	$ 0.1292	--	--	--	$ 0.13
05/01/2013	05/03/2013	05/07/2013	$ 0.1150	--	--	--	$ 0.12
04/01/2013	04/03/2013	04/05/2013	$ 0.1355	--	--	--	$ 0.14
03/01/2013	03/05/2013	03/07/2013	$ 0.1180	--	--	--	$ 0.12
02/01/2013	02/05/2013	02/07/2013	$ 0.1312	--	--	--	$ 0.13
12/27/2012	12/31/2012	01/03/2013	$ 0.1310	--	--	--	$ 0.13
12/03/2012	12/05/2012	12/07/2012	$ 0.1160	--	--	--	$ 0.12
11/01/2012	11/05/2012	11/07/2012	$ 0.0390	--	--	--	$ 0.04
10/01/2012	10/03/2012	10/05/2012	$ 0.1350	--	--	--	$ 0.14
09/04/2012	09/07/2012	09/10/2012	$ 0.1420	--	--	--	$ 0.14
08/01/2012	08/03/2012	08/07/2012	$ 0.1420	--	--	--	$ 0.14
07/02/2012	07/05/2012	07/09/2012	$ 0.1345	--	--	--	$ 0.13
06/01/2012	06/05/2012	06/07/2012	$ 0.1920	--	--	--	$ 0.19

^‡All registered investment companies are obliged to distribute portfolio gains to shareholders at yearend regardless of performance. Trading VanEck ETFs will also generate tax consequences and transaction expenses. The information provided is not intended to be tax advice. Tax consequences of dividend distributions may vary by individual taxpayer. There is no guarantee that dividends will be paid. To receive a distribution, you must have been a registered shareholder of the relevant VanEck ETFs on the record date. Distributions are paid to shareholders on the payment date. Past distributions are not indicative of future distributions.

Certain distributions may constitute a return of capital, which will have the effect of reducing your cost basis in the Fund’s shares and thereby increasing the amount of capital gain, if any, or decreasing the amount of capital loss, if any, that you will realize when selling or exchanging Fund shares. The final determination of the tax characteristics cannot be determined until after each Fund’s yearend and are reported to shareholders on Form 1099-DIV. The form is mailed to shareholders shortly after calendar yearend specifying how the distributions paid by the Fund during the prior calendar year should be characterized for purposes of reporting the distribution on a shareholder’s tax return.

The tax treatment and characterization of the Fund’s distributions may vary significantly from time to time depending on whether the Fund has gains or losses on the securities in its portfolio. The Fund’s distributions will normally reflect past and projected net investment income, and may include income from dividends and interest, capital gains and/or a return of capital. The final composition of the tax characteristics of the distributions cannot be determined with certainty until after the end of the year, and will be reported to shareholders at that time. The amount of distributions will vary, depending on a number of factors. As portfolio and market conditions change, the rate of dividends may change. There can be no assurance that the Fund will be able to declare a dividend distribution in each period. Past performance is no guarantee of future results.

Click here to access more detailed yearend tax information

Team

Resources

Key Documents

Name
Frequency
VanEck ETF Guide
Annually
Summary Prospectus
Annually
Statutory Prospectus
Annually
SAI
Annually
Annual Report
Annually
Semi-Annual Report
Annually
Annual Financial Statements & Other Information
Semi Annual Financial Statements & Other Information
VanEck Yearend Dividends/Distributions
Annually
NAV & Premium/Discount History
Daily
All IHY Holdings
Daily
HXUS Performance History
Daily

Thought Leadership

Name
Frequency
IHY Fund Profile: Diversify Your High Yield Exposure
Quarterly
Monthly ETF Yield Monitor
Monthly

Tax Documents and Distributions

Aggregated Cash Flow (ACF)

Name
Frequency
Aggregated Cash Flows – Daily (Maturity)
Daily
Aggregated Cash Flows – Daily (Worst)
Daily
Aggregated Cash Flows – Last Month End (Maturity)
Monthly
Aggregated Cash Flows – Last Month End (Worst)
Monthly
Aggregated Cash Flows – Last Quarter End (Maturity)
Quarterly
Aggregated Cash Flows – Last Quarter End (Worst)
Quarterly

IHY VanEck International High Yield Bond ETF

IHY VanEck International High Yield Bond ETF

Documents

Overview

Why IHY

Yields as of 05/01/2026

Performance

Average Annual Total Returns* (%)

Holdings

Daily Holdings (%) as of 04/30/2026

Portfolio

Credit Quality (%) as of 03/31/2026

Years to Maturity as at 03/31/2026

Fees

Distributions

Distribution History

Team

Resources

Key Documents

Thought Leadership

Tax Documents and Distributions

Aggregated Cash Flow (ACF)

IHY

VanEck International High Yield Bond ETF

IHY

VanEck International High Yield Bond ETF