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HYEM VanEck Vectors Emerging Markets High Yield Bond ETF

  • Fund Description

    The VanEck Vectors 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 BofA Merrill Lynch 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.

  •  
      

    • Fund Ticker

      HYEM
    • Exchange

      NYSE Arca
    • Commencement

      05/08/2012
    • ETF Structure

      Physical
    • Administrator

      Van Eck Associates
    • Custodian

      Bank of New York Mellon
    • Index Ticker

      EMLH
    • Index Rebalancing

      Monthly
    • Preliminary NAIC
      Designation10

      3
  •  
    as of 09/23/16

    • 30-Day SEC Yield1

      6.20%
    • Total Net Assets

      $309.0M
    • Number of Holdings

      333
    • Options

      Expected
    • Gross Expense Ratio2

      0.50%
    • Net Expense Ratio/TER2

      0.40%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      09/30/2016
    1, 2, 10 See Important Disclosure
  • Index Key Points

    The BofA Merrill Lynch Diversified High Yield US Emerging Markets Corporate Plus Index (EMLH) is comprised of:
    U.S. dollar-denominated bonds issued by non-sovereign emerging markets issuers that are rated below investment grade and issued in the major domestic or eurobond markets. In order to qualify for inclusion in the Index, an issuer must have risk exposure to countries other than members of the FX G109, all Western European countries and territories of the U.S. and Western European countries.

    Index Weighting: 
    The Index constituents are capitalization-weighted based on their current amount outstanding times the market price plus accrued interest, subject to a 10% country of risk cap and a 3% issuer cap. Countries and issuers that exceed the caps are reduced to 10% and 3%, respectively, and the face value of each of their bonds is adjusted on a pro-rata basis.

    Index provider: BofA Merrill Lynch

  • Index Profile

    • Ticker

      EMLH
    • Inception Date

      03/03/2015
    • Rebalance Frequency

      Monthly
  • Index Fundamentals4
    as of 09/22/16

    • Yield to Worst

      6.91%
    • Yield to Maturity

      7.10%
    • Effective Duration (yrs)

      3.71
    • Years to Maturity

      5.53
    • Modified Duration (yrs)

      4.03
    • Coupon

      6.83%
     4 See Important Disclosure for definitions.
  • Top 10 Constituents (%)as of 08/31/16

    Total Constituents: 497
    Constituent Name
    Coupon
    MaturityWeighting (%)
    Digicel Group Ltd
    8.250
    09/30/2020
    0.83
    Kazmunaygas National Co
    9.125
    07/02/2018
    0.79
    Eskom Holdings Soc Ltd
    0.000
    01/26/2021
    0.77
    Petroleos De Venezuela S
    8.500
    11/02/2017
    0.72
    Ypf Sociedad Anonima
    0.000
    01/01/1900
    0.72
    Kazmunaygas National Co
    7.000
    05/05/2020
    0.68
    Bancolombia Sa
    5.125
    09/11/2022
    0.68
    Vtr Finance Bv
    6.875
    01/15/2024
    0.66
    Ypf Sociedad Anonima
    8.750
    04/04/2024
    0.65
    Majapahit Holding Bv
    7.750
    01/20/2020
    0.65
    Top 10 Total (%)7.15
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.
  • Index Country Weightings (%) as of 08/31/16

    • Country

      % of Net Assets
    • BRAZIL

      9.78
    • RUSSIA

      9.72
    • CHINA

      9.50
    • ARGENTINA

      8.07
    • MEXICO

      6.33
    • KAZAKHSTAN

      4.80
    • INDIA

      4.47
    • INDONESIA

      4.16
    • TURKEY

      4.02
    • HONG KONG

      3.49
    • COLOMBIA

      3.39
    • VENEZUELA

      3.16
    • SOUTH AFRICA

      3.10
    • JAMAICA

      2.12
    • AZERBAIJAN

      1.55
    • UAE

      1.55
    • UKRAINE

      1.46
    • CHILE

      1.44
    • COSTA RICA

      1.37
    • PERU

      1.35
    • OTHERS

      15.16
  • Sector Weightings (%) as of 08/31/16

    • Sector

      % of Net Assets
    • Financial

      36.2
    • Energy

      17.4
    • Basic Materials

      7.9
    • Government

      7.5
    • Utilities

      7.4
    • Industrial

      7.1
    • Communications

      6.6
    • Consumer, Cyclical

      4.9
    • Consumer, Non-cyclical

      3.5
    • Diversified

      1.4
    • OTHERS

      0.2
  • Index Credit Quality (%) as of 08/31/16

    Composite % of Net Assets
    Investment Grade BBB 1.63
    Non-Investment Grade BB 54.72
    B 30.51
    CCC 7.20
    DD+ 0.18
    Total Investment Grade -- 1.63
    Total Non-Investment Grade -- 92.61
    Not Rated -- 5.76
    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 08/31/16

    Average Maturity: 5.57 Years