HYEM
VanEck Emerging Markets High Yield Bond ETF
HYEM
VanEck Emerging Markets High Yield Bond ETF
-
NAV
$17.89
as of June 02, 2023 -
YTD RETURNS
0.23%
as of June 02, 2023 -
Total Net Assets
$398.99M
as of June 02, 2023 -
Total Expense Ratio
0.40% -
Inception Date
05/08/2012 -
30-Day SEC Yield
9.05%
HYEM Fees & Expenses: Van Eck Associates Corporation (the “Adviser”) will pay all expenses of the Fund, except for the fee payment under the investment management agreement, acquired fund fees and expenses, interest expense, offering costs, trading expenses, taxes and extraordinary expenses. Notwithstanding the foregoing, the Adviser has agreed to pay the offering costs until at least September 1, 2023. “Other Expenses” have been restated to reflect current fees.
Fund Description
The VanEck 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 ICE BofA 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.
Overview
Fund Highlights
- Focuses solely on the non-sovereign segment of the high yield emerging markets bond market
- Yield pickup and currently lower duration versus U.S. high yield corporate bonds7
- Adds issuer and country diversification to a U.S.-only high yield exposure8