HYEM
VanEck Vectors Emerging Markets High Yield Bond UCITS ETF

Fund Description: The VanEck Vectors Emerging Markets High Yield Bond UCITS ETF (HYEM) is a UCITS-compliant exchange-traded fund that invests in a portfolio of bond securities with the aim of providing investment returns that closely track the performance of the ICE BofAML Diversified High Yield US Emerging Markets Corporate Plus Index (EMLH). 

Index Description: The ICE BofAML Diversified High Yield US Emerging Markets Corporate Plus Index 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. 

Management Style: Optimized

 
 

  • Fund Ticker

    HYEM
  • Management Company

    VanEck Investments Ltd.
  • Custodian

    BNY Mellon Trust Company (Ireland) Limited
  • Domicile

    Ireland
  • UCITS Compliant

    YES
  • Index Ticker

    EMLH
  • Index Provider

    ICE Data Indices, LLC
  • Rebalance Frequency

    Monthly
  • Inception Date2

    20 Mar 2018
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 20 May 2019

  • NAV1

    103.80
  • Shares Outstanding

    96,000
  • Number of Holdings

    126
  • Base Currency

    USD
  • Net Assets

    $10.0M
  • Product Structure

    Physical (Optimized)
  • Distribution Frequency

    None
  • Income Treatment

    Reinvestment
  • Total Expense Ratio

    0.40%
  • Fact Sheet
  • Product List

Key Points

  • Focuses solely on the non-sovereign segment of the high yield emerging markets bond market.

  • Currently higher average yield and lower average duration versus high yield U.S. corporate bonds.

  • Lower historical default rates compared to high yield U.S. corporate bonds.

Fundamentals3
as of 16 May 2019

  • Yield to Worst

    6.47%
  • Yield to Maturity

    6.57%
  • Effective Duration (yrs)

    3.98
  • Years to Maturity

    5.37
  • Modified Duration (yrs)

    4.08
  • Coupon

    6.06%
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. Duration to Worst measures the duration of a bond computed using the bond's nearest call date or maturity, whichever comes first. This measure ignores future cash flow fluctuations due to embedded optionality. 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 20 May 2019

Exchange TickerHYEM
ISINIE00BF541080
SEDOLBF3W0R4
BloombergHYEM LN
Reuters (RIC)HYEM.L
Telekurs40992308
Bloomberg iNAVHYEMUSIV
Reuters iNAVHYEMINAV=SOLA
WKNA2JEMH
Trading CurrencyUSD
Last Traded Price103.68
Day's Move-0.06
Volume0
30 Day Volume22
VWAP Volume0
Exchange TickerHYGB
ISINIE00BF541080
SEDOLBF3W0S5
BloombergHYGB LN
Reuters (RIC)HYGB.L
Telekurs40992308
Bloomberg iNAVHYEMUSIV
Reuters iNAVHYEMINAV=SOLA
WKNA2JEMH
Trading CurrencyGBP
Last Traded Price81.43
Day's Move-0.04
Volume0
30 Day Volume--
VWAP Volume0
Exchange TickerHY3M
ISINIE00BF541080
SEDOL--
BloombergHY3M GY
Reuters (RIC)HY3M.DE
Telekurs40992308
Bloomberg iNAVHYEMEUIV
Reuters iNAVHYEMEURINAV=SOLA
WKNA2JEMH
Trading CurrencyEUR
Last Traded Price92.76
Day's Move-0.14
Volume0
30 Day Volume53
VWAP Volume0
Exchange TickerHYEM
ISINIE00BF541080
SEDOL--
BloombergHYEM SE
Reuters (RIC)HYEM.S
Telekurs40992308
Bloomberg iNAVHYEMUSIV
Reuters iNAVHYEMINAV=SOLA
WKNA2JEMH
Trading CurrencyCHF
Last Traded Price104.60
Day's Move0.00
Volume0
30 Day Volume3
VWAP Volume0
Exchange TickerHYEM
ISINIE00BF541080
SEDOL--
BloombergHYEM IM
Reuters (RIC)HYEM.MI
Telekurs40992308
Bloomberg iNAVHYEMEUIV
Reuters iNAVHYEMEURINAV=SOLA
WKNA2JEMH
Trading CurrencyEUR
Last Traded Price92.74
Day's Move-0.20
Volume31
30 Day Volume101
VWAP Volume31

NAVs as of 20 May 2019

Base
Currency
NAV Daily
Change
NAV
YTD
Change
NAV
NAV Price
History
Total
Expense
Ratio
HYEM USD $103.80 $-0.04 / -0.04% +5.93%
0.40

Performance History: Average Annual Total Returns* (%)

1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR ETF INCEPTION
ETF (NAV) 0.60 1.72 5.89 3.85 -- -- -- 3.37
EMLH (Index) 0.57 2.37 6.30 4.28 6.54 5.11 10.45 3.16
Performance Differential (NAV - Index) 0.03 -0.65 -0.41 -0.43 -- -- -- 0.21
1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR ETF INCEPTION
ETF (NAV) 0.22 5.26 5.26 2.92 -- -- -- 3.05
EMLH (Index) 0.52 5.69 5.69 3.02 7.36 5.19 11.54 2.85
Performance Differential (NAV - Index) -0.30 -0.43 -0.43 -0.10 -- -- -- 0.20

Top 10 Holdings (%) View All Holdings » as of 30 Apr 2019

Total Holdings: 126
Holding Name
Coupon
Maturity
Composite
Rating
Country
Currency
% of Net
Assets
Agile Group Holdings Ltd
8.500
18 Jul 2021
BB-
China
USD
2.18
Yuzhou Properties Co Ltd
8.625
23 Jan 2022
B+
China
USD
2.15
Delhi International Airport Ltd
6.125
31 Oct 2026
BB
India
USD
2.08
Sunac China Holdings Ltd
7.350
19 Jul 2021
B+
China
USD
2.08
State Oil Co Of The Azerbaijan Republic
4.750
13 Mar 2023
BB
Azerbaijan
USD
2.07
Melco Resorts Finance Ltd
4.875
06 Jun 2025
BB
China
USD
2.05
Eskom Holdings Soc Ltd
5.750
26 Jan 2021
CCC+
South Africa
USD
2.03
Industrial & Commercial Bank Of China A
4.250
29 Dec 2049
BB+
China
USD
2.02
Maf Global Securities Ltd
5.500
07 Sep 2066
BB+
United Arab Emirates
USD
1.97
Listrindo Capital Bv
4.950
14 Sep 2026
BB
Indonesia
USD
1.96
Top 10 Total (%) 20.58
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 30 Apr 2019

  • Country

    % of Net Assets
  • CHINA

    12.03
  • TURKEY

    9.22
  • BRAZIL

    8.68
  • ARGENTINA

    7.53
  • RUSSIA

    6.40
  • SOUTH AFRICA

    4.34
  • MEXICO

    3.69
  • KAZAKHSTAN

    3.52
  • UNITED STATES

    3.50
  • ISRAEL

    3.28
  • UAE

    3.26
  • COLOMBIA

    3.18
  • INDIA

    3.04
  • UKRAINE

    2.95
  • INDONESIA

    2.93
  • AZERBAIJAN

    2.64
  • SPAIN

    2.52
  • ZAMBIA

    1.94
  • CHILE

    1.85
  • BAHAMAS

    1.45
  • PERU

    1.37
  • NIGERIA

    1.08
  • LUXEMBOURG

    1.08
  • VIRGIN ISLANDS

    1.03
  • BERMUDA

    0.99
  • OMAN

    0.98
  • COSTA RICA

    0.94
  • GUATEMALA

    0.63
  • BAHRAIN

    0.54
  • SWITZERLAND

    0.53
  • SOUTH KOREA

    0.52
  • THAILAND

    0.51
  • GHANA

    0.51
  • GREECE

    0.39
  • MAURITIUS

    0.26
  • SINGAPORE

    0.25
  • Other/Cash

    0.45

Currency Exposure (%)
as of 30 Apr 2019

  • U.S. Dollar

    99.55
  • Other/Cash

    0.45

Sector Weightings (%) as of 30 Apr 2019

  • Sector

    % of Net Assets
  • Financial

    32.3
  • Energy

    11.8
  • Basic Materials

    10.9
  • Consumer, Non-cyclical

    9.5
  • Industrial

    9.3
  • Communications

    8.1
  • Utilities

    5.9
  • Consumer, Cyclical

    5.4
  • Government

    5.2
  • Diversified

    1.2
  • Other/Cash

    0.4

Credit Quality (%) as of 30 Apr 2019

Composite % of Net Assets
Non-Investment Grade BB 61.99
B 32.71
CCC 2.03
CC 0.20
Total Non-Investment Grade -- 96.93
Not Rated -- 2.63
Source: Bloomberg. Rating is a proprietary composite of various rating agencies. A bond must be rated by two or more rating agencies to receive a composite rating; otherwise it is classified as Not Rated.

Maturity (%) as of 30 Apr 2019

 Average Maturity: 5.41 Years