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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 09/30/16

    • 30-Day SEC Yield1

      4.75%
    • Total Net Assets

      $133.2M
    • Number of Holdings

      448
    • Options

      Available
    • Gross Expense Ratio2

      0.61%
    • Net Expense Ratio/TER2

      0.40%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      10/31/2016
    1, 2, 7 See Important Disclosure
  • Index Key Points

    The BofA Merrill Lynch Global ex-US Issuers High Yield Constrained Index (HXUS) comprises:

    Below investment grade debt issued by corporations located throughout the world, which may include emerging market countries, excluding the United States, denominated in Euros, U.S. dollars, Canadian dollars or pounds sterling issued in the major domestic or Eurobond markets.

    Index Weighting:
    Index constituents are capitalization-weighted, based on their current amount outstanding, provided the total allocation to an individual issuer does not exceed 3%. Issuers that exceed the limit are reduced to 3% and the face value of each of their bonds is adjusted on a pro-rata basis. Similarly, the face value of bonds of all other issuers that fall below the 3% cap are increased on a pro-rata basis.

    Index Provider: BofA Merrill Lynch

  • Index Profile

    • Ticker

      HXUS
    • Inception Date

      03/20/2012
    • Rebalance Frequency

      Monthly
  • Index Fundamentals4
    as of 09/29/16

    • Yield to Worst

      5.55%
    • Yield to Maturity

      5.91%
    • Effective Duration (yrs)

      3.72
    • Years to Maturity

      5.71
    • Modified Duration (yrs)

      4.19
    • Coupon

      6.28%
     4 See Important Disclosure for definitions.
  • Top 10 Constituents (%)as of 08/31/16

    Total Constituents: 1635
    Constituent Name
    Coupon
    MaturityWeighting (%)
    Numericable-Sfr Sa
    0.000
    01/01/1900
    0.55
    Barclays Bank Plc
    0.000
    11/29/2049
    0.51
    Petrobras Global Finance
    8.375
    05/23/2021
    0.49
    Numericable Group Sa
    0.000
    05/15/2022
    0.41
    Reynolds Grp Iss/Reynold
    5.750
    10/15/2020
    0.34
    Petrobras Global Finance
    5.375
    01/27/2021
    0.34
    Petroleos De Venezuela S
    8.500
    11/02/2017
    0.31
    Altice Sa
    0.000
    05/15/2022
    0.31
    Altice Financing Sa
    7.500
    05/15/2026
    0.29
    Wind Acquisition Fin Sa
    0.000
    04/23/2021
    0.29
    Top 10 Total (%)3.84
    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
    • UNITED KINGDOM

      12.18
    • BRAZIL

      10.34
    • ITALY

      10.24
    • RUSSIA

      7.81
    • CANADA

      6.78
    • FRANCE

      6.66
    • GERMANY

      6.10
    • LUXEMBOURG

      4.09
    • CHINA

      3.63
    • NETHERLANDS

      2.66
    • SPAIN

      2.62
    • MEXICO

      1.82
    • UNITED STATES

      1.82
    • IRELAND

      1.48
    • VENEZUELA

      1.32
    • INDIA

      1.17
    • INDONESIA

      1.16
    • ARGENTINA

      1.04
    • KAZAKHSTAN

      1.03
    • TURKEY

      1.02
    • OTHERS

      15.04
  • Sector Weightings (%) as of 08/31/16

    • Sector

      % of Net Assets
    • Financial

      25.2
    • Communications

      15.5
    • Energy

      12.8
    • Basic Materials

      11.7
    • Industrial

      10.4
    • Consumer, Cyclical

      9.5
    • Consumer, Non-cyclical

      8.3
    • Utilities

      4.4
    • Diversified

      1.0
    • Technology

      1.0
    • OTHERS

      0.3
  • Index Credit Quality (%) as of 08/31/16

    Composite % of Net Assets
    Investment Grade BBB 1.46
    Non-Investment Grade BB 55.13
    B 29.99
    CCC 5.92
    CC 0.05
    C 0.03
    DDD+ 0.03
    DDD 0.01
    DD+ 0.05
    Total Investment Grade -- 1.46
    Total Non-Investment Grade -- 91.20
    Not Rated -- 7.34
    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: 5.77 Years