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HYEM
VanEck Emerging Markets High Yield Bond UCITS ETF

Fund Description

The VanEck Emerging Markets High Yield Bond UCITS ETF offers the potential for higher returns than developed-market bonds, while also having the advantage of higher credit quality. The EM bond universe has grown substantially in the last years, and is now an attractive alternative to the developed world’s high yield markets.

  • Potential for higher returns than developed market high-yield bonds
  • Currently higher average credit rating than developed-market high yield
  • Tracks a well-diversified index of corporate bonds
  • Underlying bonds issued in USD


Risk factors: Foreign Currency Risk, Emerging Markets Risk, High Yield Securities Risk



Underlying Index

ICE BofAML Diversified High Yield US Emerging Markets Corporate Plus Index

Fund Details
 

  • Fund Ticker

    HYEM

  • Management Company

    VanEck Asset Management B.V.

  • Custodian

    State Street Custodial Services (Ireland) Limited

  • Domicile

    Ireland

  • UCITS Compliant

    Yes

  • Index Ticker

    EMLH

  • Index Provider

    ICE Data Indices, LLC

  • Rebalance Frequency

    Monthly
1The "Net Asset Value" (NAV) of all ETFs is determined at the close of each business day, and represents the value of one share of the fund; it is calculated by taking the total assets of the fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV is not necessarily the same as the ETF 's intraday trading value. Investors should not expect to buy or sell ETF shares at NAV.

2The date the fund was launched prior to quotation on the stock exchange.

 
as of 24 Mar 2023

  • NAV1

    103.16

  • Shares Outstanding

    292,000

  • Number of Holdings

    371

  • Base Currency

    USD

  • Net Assets

    $30.1M

  • Product Structure

    Physical (Optimized)

  • Income Treatment

    Reinvestment

  • Distribution Frequency

    None

  • Total Expense Ratio

    0.40%

  • SFDR Classification

    Article 6
  • Fact Sheet

Fundamentals3
as of 24 Mar 2023

  • Yield to Worst

    10.09%

  • Yield to Maturity

    10.17%

  • Effective Duration (yrs)

    3.54

  • Years to Maturity

    5.35

  • Modified Duration (yrs)

    3.64

  • Coupon

    5.75%
3These figures represent averages. Yield to Worst measures the lowest of either yield-to-maturity or yield-to-call date on every possible call date. Yield to Maturity is the annualized return on a bond held to maturity. Effective Duration measures a bond's sensitivity to interest rate changes that reflects the change in a bond's price given a change in yield. This duration measure is appropriate for bonds with embedded options. Modified Duration measures a bond's sensitivity to interest rate changes that reflects the change in a bond's price given a change in yield. Spread Duration measures a bond's price sensitivity to a 100 basis point change to its option-adjusted spread. As the rate of the Treasury security in the option-adjusted spread increases, the rate of the option-adjusted spread also increases. Years to Maturity is the period of time for which a financial instrument remains outstanding. Maturity refers to a finite time period at the end of which the financial instrument will cease to exist and the principal is repaid. Coupon is measured by weighting the coupon of each bond by its relative size in the portfolio. Coupons are fixed percentages paid on a fixed-income security on an annual basis. Averages are market weighted. The Coupon and Yield to Worst do not represent the performance of the Fund. These statistics do not take into account fees and expenses associated with investments of the Fund.

Trading Information as of 24 Mar 2023

Deutsche
Börse
EUR
Exchange Ticker HY3M
ISIN IE00BF541080
SEDOL --
Bloomberg HY3M GY
Reuters (RIC) HY3M.DE
Valor 41015314
Bloomberg iNAV HYEMEUIV
Reuters iNAV HYEMEURINAV=IHSM
WKN A2JEMH
Trading Currency EUR
Last Traded Price 96.39
Day's Move 0.78
Volume 0
30 Day Volume 88
VWAP Volume 0

NAVs as of 24 Mar 2023

Base
Currency 		NAV Daily
Change
NAV 		YTD
Change
NAV 		NAV Price
History 		Total
Expense
Ratio
HYEM USD $103.16 $-0.21 / -0.21% +0.43%
0.40

Performance History* (%)

View All ETFs View All Indices
  1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR ETF INCEPTION
ETF -2.27 4.41 1.46 -4.06 -2.12 -- -- 0.84
EMLH (Index) -2.11 5.31 1.99 -5.10 -2.49 0.35 2.58 0.43
Performance differential (ETF – Index) -0.16 -0.90 -0.53 1.04 0.37 -- -- 0.41
  1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR ETF INCEPTION
ETF 2.91 9.34 -12.36 -12.36 -2.66 -- -- 0.56
EMLH (Index) 3.25 9.49 -13.71 -13.71 -3.09 -0.09 2.57 0.03
Performance differential (ETF – Index) -0.34 -0.15 1.35 1.35 0.43 -- -- 0.53
  2018 2019 2020 2021 2022
ETF -- 13.68 6.87 -1.55 -12.36
EMLH (Index) -3.20 12.98 6.85 -1.29 -13.71

Past performance does not predict future returns.

ETF returns not available if there is less than one year’s performance data.

*Periods greater than one year are annualised.

Investing is subject to risk, including the possible loss of principal. You must read the Prospectus and

KID

before investing, which are available at the Document section of the fund on www.vaneck.com.

ETF performance: Current performance may be lower or higher than average annual returns shown. Discrete performance shows 12-month performance for each of the last 10 years where available. E.g. '1st year' shows the most recent of these 12-month periods and '2nd year' shows the previous 12 month period and so on.

Performance data for the Irish domiciled ETFs is displayed on a Net Asset Value basis, in Base Currency terms, with net income reinvested, net of fees. Brokerage or transaction fees will apply.

Returns may increase or decrease as a result of currency fluctuations.

Index performance: Performance quoted represents past performance of the underlying Index. An index performance is not illustrative of the Product's performance. It is not possible to invest directly in an index: indices are not securities in which investments can be made.
For more information on the Index performance, please consult the Index Provider´s website.

ICE Data Indices, LLC and its affiliates (“ICE Data”) indices and related information, the name "ICE Data", and related trademarks, are intellectual property licensed from ICE Data, and may not be copied, used, or distributed without ICE Data's prior written approval. VanEck Emerging Markets High Yield Bond UCITS ETF has not been passed on as to its legality or suitability, and is not regulated, issued, endorsed, sold, guaranteed, or promoted by ICE Data.

ICE DATA MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND HEREBY EXPRESSLY DISCLAIMS ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE WITH RESPECT TO THE NYSE ARCA GOLD MINERS INDEX OR ANY DATA INCLUDED THEREIN. IN NO EVENT SHALL ICE DATA HAVE ANY LIABILITY FOR ANY SPECIAL, PUNITIVE, INDIRECT, OR CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES. ICE Data Indices, LLC and its affiliates (“ICE Data”) indices and related information, the name "ICE Data", and related trademarks, are intellectual property licensed from ICE Data, and may not be copied, used, or distributed without ICE Data's prior written approval. The Fund have not been passed on as to its legality or suitability, and is not regulated, issued, endorsed, sold, guaranteed, or promoted by ICE Data.

Market Makers

Top 10 Holdings (%) as of 28 Feb 2023 View All Holdings »

Total Holdings: 376
Swipe<br>to view <br> full data
Holding Name Coupon Maturity
Composite
Rating
Country
Currency
 % of Net
Assets
INDUSTRIAL & COMMERCIAL BANK OF CHINA L 3.200 24 Mar 2072 NR China USD 2.2469
BANK OF COMMUNICATIONS CO LTD 3.800 18 Nov 2169 NR China USD 1.2301
TEVA PHARMACEUTICAL FINANCE NETHERLANDS 3.150 01 Oct 2026 BB- Israel USD 0.8465
SOUTHERN GAS CORRIDOR CJSC 6.875 24 Mar 2026 BB Azerbaijan USD 0.8368
FIRST QUANTUM MINERALS LTD 6.875 01 Mar 2026 B Zambia USD 0.8346
GREENKO DUTCH BV 3.850 29 Mar 2026 BB+ Netherlands USD 0.8207
TURKIYE IS BANKASI AS 6.125 25 Apr 2024 B- Turkey USD 0.7919
ESKOM HOLDINGS SOC LTD 7.125 11 Feb 2025 CCC South Africa USD 0.7855
BANK OF EAST ASIA LTD/THE 5.875 19 Sep 2167 BB China USD 0.7759
BANK OF COMMUNICATIONS HONG KONG LTD 3.725 01 Jan 2169 BB China USD 0.7690
Top 10 Total (%) 9.9379
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 28 Feb 2023

  • Country

    % of Net Assets
  • ■

    China

    13.61
  • ■

    Brazil

    9.06
  • ■

    Mexico

    6.90
  • ■

    Turkey

    6.56
  • ■

    Colombia

    5.86
  • ■

    India

    5.23
  • ■

    Argentina

    4.72
  • ■

    United States

    4.30
  • ■

    United Kingdom

    3.68
  • ■

    Israel

    3.19
  • ■

    South Africa

    3.05
  • ■

    Luxembourg

    2.75
  • ■

    Indonesia

    2.34
  • ■

    Singapore

    2.33
  • ■

    Peru

    2.25
  • ■

    United Arab Emirates

    1.98
  • ■

    Zambia

    1.93
  • ■

    Virgin Islands

    1.54
  • ■

    Azerbaijan

    1.51
  • ■

    Netherlands

    1.46
  • ■

    Chile

    1.23
  • ■

    Mauritius

    1.14
  • ■

    Oman

    1.11
  • ■

    Thailand

    1.11
  • ■

    Morocco

    1.02
  • ■

    Bahrain

    1.01
  • ■

    Spain

    0.80
  • ■

    Kuwait

    0.72
  • ■

    Trinidad And Tobago

    0.64
  • ■

    Ghana

    0.64
  • ■

    Saudi Arabia

    0.63
  • ■

    Bermuda

    0.60
  • ■

    Panama

    0.58
  • ■

    Ukraine

    0.54
  • ■

    Georgia

    0.44
  • ■

    Nigeria

    0.41
  • ■

    Poland

    0.41
  • ■

    Uzbekistan

    0.41
  • ■

    Qatar

    0.33
  • ■

    Guatemala

    0.30
  • ■

    Vietnam

    0.28
  • ■

    Costa Rica

    0.26
  • ■

    Tanzania

    0.23
  • ■

    Greece

    0.16
  • ■

    South Korea

    0.16
  • ■

    Uruguay

    0.08
  • ■

    Other/Cash

    0.52

Currency Exposure (%)
as of 28 Feb 2023

  • U.S. Dollar

    99.48

  • Other/Cash

    0.52

Sector Weightings (%) as of 28 Feb 2023

  • Sector

    % of Net Assets
  • ■

    Financials

    31.8
  • ■

    Energy

    21.4
  • ■

    Basic Materials

    11.4
  • ■

    Utilities

    9.2
  • ■

    Industrials

    7.2
  • ■

    Consumer Cyclicals

    4.1
  • ■

    Consumer Non-Cyclicals

    4.0
  • ■

    Technology

    3.9
  • ■

    Healthcare

    3.3
  • ■

    Real Estate

    2.1
  • ■

    Government Activity

    1.1
  • ■

    Other/Cash

    0.5

Credit Quality (%)† as of 28 Feb 2023

Composite % of Net Assets
Investment Grade BBB 4.75
Non-Investment Grade BB 58.82
B 24.05
CCC 5.92
CC 0.58
D 0.25
Total Investment Grade -- 4.75
Total Non-Investment Grade -- 89.63
Not Rated -- 4.23

Maturity (%) as of 28 Feb 2023

Average Maturity: 5.32 Years

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