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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 09/27/16

    • 30-Day SEC Yield1

      4.77%
    • Total Net Assets

      $132.7M
    • Number of Holdings

      448
    • Options

      Available
    • Gross Expense Ratio2

      0.61%
    • Net Expense Ratio/TER2

      0.40%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      09/30/2016
    1, 2, 7 See Important Disclosure
  • Morningstar™ Ratings**
    as of 8/31/16

    Category Overall 3 Year 5 Year
    World Bond
       
    3 of 334 Funds
       
    3 of 334 Funds
    --
  • Key Points

    Diversified non-U.S. high yield exposure
    International high yield bonds represent over 45% of the global high-yield market*
    Higher credit quality
    Historically lower default rates than U.S. high-yield bonds**
    Reduced interest rate risk
    Historically lower duration than U.S. high-yield bonds***
  • Yield
    as of 09/27/16

    • 30-Day SEC Yield1

      4.77%
    • Distribution Yield1

      4.88%
    • 12-Month Yield1

      5.12%
     1 See Important Disclosure for definitions.
  • Fees & Expenses2

    • Management Fee

      0.40%
    • Other Expenses

      0.21%
    • Acquired Fund Fees and Expenses

      --
    • Gross Expense Ratio

      0.61%
    • Fee Waivers and
      Expense Reimbursement

      -0.21%
    • Net Expense Ratio/TER2

      0.40%
    2Expenses for IHY are capped contractually at 0.40% until 09/01/17. Cap excludes certain expenses, such as interest.
  • Trading Information

    • Fund Ticker

      IHY
    • Index Total Return Ticker

      HXUS
    • NAV

      IHYNV
    • Intraday NAV (IIV)5

      IHYIV
    • Shares Outstanding

      5,400,000
    • Estimated Cash

      IHYEU
    • Total Cash

      IHYTC
    • CUSIP

      92189F445
    • ISIN

      US92189F4458
    5See IIV Details. Source: Bloomberg
  • Fundamentals4
    as of 09/27/16

    • Yield to Worst

      5.60%
    • Yield to Maturity

      6.03%
    • Effective Duration (yrs)

      3.49
    • Years to Maturity

      5.24
    • Modified Duration (yrs)

      3.92
    • Coupon

      6.22%
     4 See Important Disclosure for definitions.
  • Prices as of 09/27/16

    NAV/
    Last Price
    Volume
    30-Day Avg./
    Last Trading Day
    Daily Change
    NAV/
    Last Price
    YTD Change
    NAV/
    Last Price
    Premium/
    Discount
    Prem/Discount
    Distribution Charts
    NAV &
    Prem/Discount
    History
    NAV
    Chart
    IHY $24.57
    $24.59
    18,306
    16,336
    -$0.06 / -0.26%
    $-0.01 / -0.04%
    +12.3%
    +13.5%
    $0.02
    0.07%
  • View All Indices » View All ETFs » Performance History: Average Annual Total Returns* (%)

    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    04/02/12
    IHY (NAV) 1.50 4.29 12.28 8.80 3.67 -- -- 5.37
    IHY (Share Price) 1.50 4.95 13.34 8.59 3.75 -- -- 5.35
    HXUS (Index) 1.63 4.61 12.37 9.47 4.31 -- -- 6.12
    Performance Differential (NAV - Index) -0.13 -0.32 -0.09 -0.67 -0.64 -- -- -0.75
    After Tax Held 1.31 3.72 10.54 6.27 1.32 -- -- 3.06
    After Tax Sold 0.85 2.42 6.88 4.88 1.72 -- -- 3.09
    Quarter End as of 06/30/16
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    04/02/12
    IHY (NAV) 0.33 2.69 8.01 2.73 3.04 -- -- 4.63
    IHY (Share Price) 1.05 2.91 9.13 2.33 2.94 -- -- 4.63
    HXUS (Index) 0.34 2.86 7.79 3.44 3.61 -- -- 5.34
    Performance Differential (NAV - Index) -0.01 -0.17 0.22 -0.71 -0.57 -- -- -0.71
    After Tax Held 0.15 2.11 6.74 0.31 0.69 -- -- 2.34
    After Tax Sold 0.19 1.52 4.51 1.49 1.25 -- -- 2.54
  • Daily Holdings »Top 10 Holdings (%)as of 08/31/16

    Total Holdings: 450
    Holding Name
    Coupon
    Maturity
    Composite
    Rating
    Country
    Currency
    % of Net
    Assets
    Petrobras Global Finance Bv
    5.375
    01/27/2021
    B+
    Brazil
    USD
    1.19
    Reynolds Group Issuer Inc / Reynolds Gr
    5.750
    10/15/2020
    B+
    New Zealand
    USD
    1.06
    Itau Unibanco Holding Sa/Cayman Island
    5.125
    05/13/2023
    BB-
    Brazil
    USD
    0.94
    Softbank Group Corp
    4.500
    04/15/2020
    BB+
    Japan
    USD
    0.88
    Petrobras Global Finance Bv
    3.250
    04/01/2019
    B+
    Brazil
    EUR
    0.84
    Anglo American Capital Plc
    2.500
    04/29/2021
    BB
    United Kingdom
    EUR
    0.84
    Altice Luxembourg Sa
    7.750
    05/15/2022
    B-
    Luxembourg
    USD
    0.83
    Gazprom Oao Via Gaz Capital Sa
    4.950
    07/19/2022
    BB+
    Russian Federation
    USD
    0.77
    Telecom Italia Spa/Milano
    5.375
    01/29/2019
    BB+
    Italy
    EUR
    0.77
    Telecom Italia Spa/Milano
    5.250
    02/10/2022
    BB+
    Italy
    EUR
    0.77
    Top 10 Total (%)8.89

    These are not recommendations to buy or to sell any security. Securities and holdings may vary.

  • Country Weightings (%) as of 08/31/16

    • Country

      % of Net Assets
    • UNITED KINGDOM

      13.37
    • BRAZIL

      9.71
    • ITALY

      8.41
    • RUSSIA

      6.53
    • CANADA

      6.52
    • FRANCE

      6.28
    • LUXEMBOURG

      6.11
    • GERMANY

      5.25
    • CHINA

      4.27
    • NETHERLANDS

      3.32
    • SPAIN

      2.49
    • UNITED STATES

      1.93
    • MEXICO

      1.68
    • IRELAND

      1.41
    • VENEZUELA

      1.39
    • SWITZERLAND

      1.32
    • INDONESIA

      1.21
    • SOUTH AFRICA

      1.19
    • NEW ZEALAND

      1.06
    • TURKEY

      1.00
    • Other/Cash

      15.56
  • Currency Exposure (%)
    as of 08/31/16

    • U.S. Dollar

      58.93
    • Euro

      32.42
    • British Pound

      5.77
    • Canadian Dollar

      0.66
    • Other/Cash

      2.22
  • Sector Weightings (%) as of 08/31/16

    • Sector

      % of Net Assets
    • Financial

      24.0
    • Communications

      15.3
    • Energy

      13.9
    • Basic Materials

      12.8
    • Consumer, Cyclical

      8.9
    • Consumer, Non-cyclical

      8.3
    • Industrial

      8.3
    • Utilities

      4.1
    • Diversified

      1.0
    • Technology

      0.6
    • Government

      0.5
    • Other/Cash

      2.2
  • Credit Quality (%) as of 08/31/16

    Composite % of Net Assets
    Investment Grade BBB 0.51
    Non-Investment Grade BB 58.66
    B 30.11
    CCC 5.27
    CC 0.10
    C 0.03
    DD 0.17
    Total Investment Grade -- 0.51
    Total Non-Investment Grade -- 94.34
    Not Rated -- 5.08
    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 Portfolio Maturity: 5.27 Years