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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
    • Preliminary NAIC
      Designation7

      3
  •  
    as of 08/26/16

    • 30-Day SEC Yield1

      4.82%
    • Total Net Assets

      $133.4M
    • Number of Holdings

      447
    • Options

      Available
    • Gross Expense Ratio2

      0.54%
    • Net Expense Ratio/TER2

      0.40%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      08/31/2016
    1, 2, 7 See Important Disclosure
  • Morningstar™ Ratings**
    as of 7/31/16

    Category Overall 3 Year 5 Year
    World Bond
       
    3 of 334 Funds
       
    3 of 334 Funds
    --
  • Key Points

    Diversified non-U.S. high yield exposure
    International high yield bonds represent over 45% of the global high-yield market*
    Higher credit quality
    Historically lower default rates than U.S. high-yield bonds**
    Reduced interest rate risk
    Historically lower duration than U.S. high-yield bonds***
  • Yield
    as of 08/26/16

    • 30-Day SEC Yield1

      4.82%
    • Distribution Yield1

      5.04%
    • 12-Month Yield1

      5.16%
     1 See Important Disclosure for definitions.
  • Fees and Expenses2

    • Management Fee

      0.40%
    • Other Expenses

      0.14%
    • Acquired Fund Fees and Expenses

      --
    • Gross Expense Ratio

      0.54%
    • Fee Waivers and
      Expense Reimbursement

      -0.14%
    • Net Expense Ratio/TER2

      0.40%
    2Expenses for IHY are capped contractually at 0.40% until 09/01/16. 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

      5,400,000
    • Estimated Cash

      IHYEU
    • Total Cash

      IHYTC
    • CUSIP

      92189F445
    • ISIN

      US92189F4458
    5See IIV Details. Source: Bloomberg
  • Fundamentals4
    as of 08/25/16

    • Yield to Worst

      5.48%
    • Yield to Maturity

      6.03%
    • Effective Duration (yrs)

      3.46
    • Years to Maturity

      5.28
    • Modified Duration (yrs)

      3.95
    • Coupon

      6.23%
     4 See Important Disclosure for definitions.
  • Prices as of 08/26/16

    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
    IHY $24.71
    $24.68
    22,824
    22,884
    $0.02 / +0.06%
    $0.00 / +0.00%
    +12.4%
    +13.4%
    $-0.03
    -0.11%
  • 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
    04/02/12
    IHY (NAV) 2.41 1.94 10.62 5.66 2.97 -- -- 5.11
    IHY (Share Price) 2.33 2.36 11.67 5.76 3.08 -- -- 5.09
    HXUS (Index) 2.59 2.25 10.57 6.36 3.59 -- -- 5.85
    Performance Differential (NAV - Index) -0.18 -0.31 0.05 -0.70 -0.62 -- -- -0.74
    After Tax Held 2.22 1.38 9.11 3.17 0.62 -- -- 2.81
    After Tax Sold 1.36 1.09 5.96 3.12 1.19 -- -- 2.90
    Quarter End as of 06/30/16
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    04/02/12
    IHY (NAV) 0.33 2.69 8.01 2.73 3.04 -- -- 4.63
    IHY (Share Price) 1.05 2.91 9.13 2.33 2.94 -- -- 4.63
    HXUS (Index) 0.34 2.86 7.79 3.44 3.61 -- -- 5.34
    Performance Differential (NAV - Index) -0.01 -0.17 0.22 -0.71 -0.57 -- -- -0.71
    After Tax Held 0.15 2.11 6.74 0.31 0.69 -- -- 2.34
    After Tax Sold 0.19 1.52 4.51 1.49 1.25 -- -- 2.54
  • Daily Holdings »Top 10 Holdings (%)as of 07/31/16

    Total Holdings: 447
    Holding Name
    Coupon
    Maturity
    Composite
    Rating
    Country
    Currency
    % of Net
    Assets
    Petrobras Global Finance Bv
    5.375
    01/27/2021
    B+
    Brazil
    USD
    1.18
    Reynolds Group Issuer Inc / Reynolds Gr
    5.750
    10/15/2020
    B+
    New Zealand
    USD
    1.06
    Itau Unibanco Holding Sa/Cayman Island
    5.125
    05/13/2023
    BB-
    Brazil
    USD
    0.94
    Softbank Group Corp
    4.500
    04/15/2020
    BB+
    Japan
    USD
    0.88
    Anglo American Capital Plc
    2.500
    04/29/2021
    BB
    United Kingdom
    EUR
    0.83
    Altice Luxembourg Sa
    7.750
    05/15/2022
    B-
    Luxembourg
    USD
    0.83
    Telecom Italia Spa/Milano
    5.375
    01/29/2019
    BB+
    Italy
    EUR
    0.78
    Telecom Italia Spa/Milano
    5.250
    02/10/2022
    BB+
    Italy
    EUR
    0.77
    Vale Overseas Ltd
    4.375
    01/11/2022
    BB+
    Brazil
    USD
    0.76
    Gazprom Oao Via Gaz Capital Sa
    4.950
    07/19/2022
    BB+
    Russian Federation
    USD
    0.76
    Top 10 Total (%)8.79

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

  • Country Weightings (%) as of 07/31/16

    • Country

      % of Net Assets
    • UNITED KINGDOM

      13.16
    • BRAZIL

      9.36
    • ITALY

      8.65
    • RUSSIA

      6.51
    • CANADA

      6.44
    • FRANCE

      6.26
    • LUXEMBOURG

      6.23
    • GERMANY

      5.28
    • CHINA

      4.29
    • NETHERLANDS

      3.28
    • SPAIN

      2.49
    • UNITED STATES

      1.94
    • MEXICO

      1.65
    • IRELAND

      1.43
    • VENEZUELA

      1.40
    • SWITZERLAND

      1.34
    • SOUTH AFRICA

      1.22
    • INDONESIA

      1.20
    • NEW ZEALAND

      1.06
    • TURKEY

      0.99
    • Other/Cash

      15.81
  • Currency Exposure (%)
    as of 07/31/16

    • U.S. Dollar

      58.69
    • Euro

      32.40
    • British Pound

      5.79
    • Canadian Dollar

      0.66
    • Other/Cash

      2.46
  • Sector Weightings (%) as of 07/31/16

    • Sector

      % of Net Assets
    • Financial

      24.0
    • Communications

      15.3
    • Energy

      13.6
    • Basic Materials

      12.9
    • Consumer, Cyclical

      9.1
    • Consumer, Non-cyclical

      8.4
    • Industrial

      8.3
    • Utilities

      4.3
    • Diversified

      1.0
    • Technology

      0.6
    • Government

      0.1
    • Other/Cash

      2.5
  • Credit Quality (%) as of 07/31/16

    Composite % of Net Assets
    Investment Grade BBB 0.51
    Non-Investment Grade BB 59.25
    B 29.83
    CCC 5.17
    CC 0.11
    C 0.04
    DD 0.17
    Total Investment Grade -- 0.51
    Total Non-Investment Grade -- 94.57
    Not Rated -- 4.85
    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 07/31/16

    Average Portfolio Maturity: 5.30 Years