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HYEM
VanEck Vectors Emerging Markets High Yield Bond UCITS ETF

Fund Description

The VanEck Vectors Emerging Markets High Yield Bond UCITS ETF invests in USD-denominated high-yield corporate bonds from emerging markets.

  • Historically lower default rate compared to US high-yield bonds
  • Potential for higher returns than with US high-yield bonds



Underlying Index

ICE BofAML Diversified High Yield US Emerging Markets Corporate Plus Index

Fund Details
 

  • Fund Ticker

    HYEM
  • Management Company

    VanEck Asset Management B.V.
  • Custodian

    State Street Custodial Services (Ireland) Limited
  • Domicile

    Ireland
  • UCITS Compliant

    YES
  • Index Ticker

    EMLH
  • Index Provider

    ICE Data Indices, LLC
  • Rebalance Frequency

    Monthly
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 22 Jul 2021

  • NAV1

    120.63
  • Shares Outstanding

    280,000
  • Number of Holdings

    345
  • Base Currency

    USD
  • Net Assets

    $33.8M
  • Product Structure

    Physical (Optimized)
  • Income Treatment

    Reinvestment
  • Distribution Frequency

    None
  • Total Expense Ratio

    0.40%
  • SFDR Classification

    Article 6
  • Fact Sheet
  • ETF Product List
  • Fund Holiday Calendar

Fundamentals3
as of 22 Jul 2021

  • Yield to Worst

    4.74%
  • Yield to Maturity

    5.01%
  • Effective Duration (yrs)

    3.59
  • Years to Maturity

    5.59
  • Modified Duration (yrs)

    3.95
  • Coupon

    5.89%
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 22 Jul 2021

London
Stock Exchange
USD
Exchange Ticker HYEM
ISIN IE00BF541080
SEDOL BF3W0R4
Bloomberg HYEM LN
Reuters (RIC) HYEM.L
Telekurs 40992308
Bloomberg iNAV HYEMUSIV
Reuters iNAV HYEMINAV=SOLA
WKN A2JEMH
Trading Currency USD
Last Traded Price 120.53
Day's Move -0.19
Volume 115
30 Day Volume 876
VWAP Volume 0
London
Stock Exchange
GBP
Exchange Ticker HYGB
ISIN IE00BF541080
SEDOL BF3W0S5
Bloomberg HYGB LN
Reuters (RIC) HYGB.L
Telekurs 40992308
Bloomberg iNAV HYEMUSIV
Reuters iNAV HYEMINAV=SOLA
WKN A2JEMH
Trading Currency GBP
Last Traded Price 87.63
Day's Move -0.58
Volume 0
30 Day Volume --
VWAP Volume 0
Deutsche
Börse
EUR
Exchange Ticker HY3M
ISIN IE00BF541080
SEDOL --
Bloomberg HY3M GY
Reuters (RIC) HY3M.DE
Telekurs 40992308
Bloomberg iNAV HYEMEUIV
Reuters iNAV HYEMEURINAV=SOLA
WKN A2JEMH
Trading Currency EUR
Last Traded Price 102.32
Day's Move 0.04
Volume 12
30 Day Volume 42
VWAP Volume 12
SIX
Swiss Exchange
CHF
Exchange Ticker HYEM
ISIN IE00BF541080
SEDOL --
Bloomberg HYEM SE
Reuters (RIC) HYEM.S
Telekurs 40992308
Bloomberg iNAV HYEMUSIV
Reuters iNAV HYEMINAV=SOLA
WKN A2JEMH
Trading Currency CHF
Last Traded Price 111.24
Day's Move -0.14
Volume 0
30 Day Volume 56
VWAP Volume 0
Borsa
Italiana
EUR
Exchange Ticker HYEM
ISIN IE00BF541080
SEDOL --
Bloomberg HYEM IM
Reuters (RIC) HYEM.MI
Telekurs 40992308
Bloomberg iNAV HYEMEUIV
Reuters iNAV HYEMEURINAV=SOLA
WKN A2JEMH
Trading Currency EUR
Last Traded Price 102.22
Day's Move 0.01
Volume 97
30 Day Volume 290
VWAP Volume 97

NAVs as of 22 Jul 2021

Base
Currency
NAV Daily
Change
NAV
YTD
Change
NAV
NAV Price
History
Total
Expense
Ratio
HYEM USD $120.63 $-0.05 / -0.05% +1.33%
0.40

Performance History* (%)

Month End as of 30 Jun 2021 1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR ETF INCEPTION
ETF (NAV) 0.55 2.36 1.53 10.98 7.40 -- -- 5.95
EMLH (Index) 0.54 2.57 2.47 13.27 7.65 6.41 -- 5.84
Performance Differential (NAV - Index) 0.01 -0.21 -0.94 -2.29 -0.25 -- -- 0.11
Quarter End as of 30 Jun 2021 1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR ETF INCEPTION
ETF (NAV) 0.55 2.36 1.53 10.98 7.40 -- -- 5.95
EMLH (Index) 0.54 2.57 2.47 13.27 7.65 6.41 -- 5.84
Performance Differential (NAV - Index) 0.01 -0.21 -0.94 -2.29 -0.25 -- -- 0.11

Top 10 Holdings (%) as of 30 Jun 2021 View All Holdings »

Total Holdings: 345
Holding Name
Coupon
Maturity
Composite
Rating
Country
Currency
% of Net
Assets
SOUTHERN GAS CORRIDOR CJSC
6.875
24 Mar 2026
BB
Azerbaijan
USD
0.8989
TEVA PHARMACEUTICAL FINANCE NETHERLANDS
3.150
01 Oct 2026
BB-
Israel
USD
0.7095
TEVA PHARMACEUTICAL FINANCE NETHERLANDS
2.800
21 Jul 2023
BB-
Israel
USD
0.6717
MAF GLOBAL SECURITIES LTD
6.375
20 Mar 2068
BB+
Uae
USD
0.6557
ABJA INVESTMENT CO PTE LTD
5.950
31 Jul 2024
NR
India
USD
0.6547
DP WORLD SALAAM
6.000
01 Jul 2169
BB
Uae
USD
0.6509
EMIRATES NBD BANK PJSC
6.125
20 Sep 2167
NR
Uae
USD
0.6487
FORTUNE STAR BVI LTD
6.750
02 Jul 2023
NR
China
USD
0.6435
GTLK EUROPE CAPITAL DAC
4.949
18 Feb 2026
BB
Russia
USD
0.6431
MUMTALAKAT SUKUK HOLDING CO
5.625
27 Feb 2024
B+
Bahrain
USD
0.6424
Top 10 Total (%) 6.81
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 30 Jun 2021

  • Country

    % of Net Assets
  • China

    11.55
  • Brazil

    10.72
  • Turkey

    7.51
  • India

    6.65
  • Mexico

    6.60
  • Russia

    4.54
  • Israel

    3.88
  • South Africa

    3.79
  • Argentina

    3.59
  • Colombia

    3.11
  • Uae

    2.63
  • Indonesia

    2.49
  • United States

    2.26
  • Azerbaijan

    1.77
  • Zambia

    1.73
  • United Kingdom

    1.72
  • Oman

    1.56
  • Ukraine

    1.45
  • Peru

    1.36
  • Spain

    1.36
  • Bahrain

    1.31
  • Chile

    1.28
  • Bermuda

    1.17
  • Singapore

    1.08
  • Kazakhstan

    1.07
  • Morocco

    0.97
  • Virgin Islands

    0.94
  • Luxembourg

    0.86
  • Nigeria

    0.81
  • Netherlands

    0.80
  • Panama

    0.79
  • Canada

    0.63
  • Saudi Arabia

    0.63
  • Kuwait

    0.62
  • Thailand

    0.62
  • Vietnam

    0.60
  • Trinidad And Tobago

    0.48
  • Tanzania

    0.44
  • Qatar

    0.33
  • Georgia

    0.32
  • Croatia

    0.32
  • Ireland

    0.32
  • Poland

    0.30
  • Ghana

    0.30
  • Costa Rica

    0.29
  • Guatemala

    0.19
  • Greece

    0.17
  • Cyprus

    0.16
  • South Korea

    0.16
  • Barbados

    0.15
  • Mauritius

    0.15
  • Switzerland

    0.15
  • Other/Cash

    1.35

Currency Exposure (%)
as of 30 Jun 2021

  • U.S. Dollar

    98.65
  • Other/Cash

    1.35

Sector Weightings (%) as of 30 Jun 2021

  • Sector

    % of Net Assets
  • Financials

    38.6
  • Energy

    13.3
  • Basic Materials

    12.4
  • Utilities

    7.2
  • Industrials

    5.9
  • Real Estate

    4.9
  • Consumer Non-Cyclicals

    4.9
  • Technology

    3.6
  • Healthcare

    3.3
  • Consumer Cyclicals

    2.8
  • Government Activity

    1.0
  • Other/Cash

    2.0

Credit Quality (%) as of 30 Jun 2021

Composite % of Net Assets
Investment Grade BBB 1.14
Non-Investment Grade BB 64.22
B 24.87
CCC 9.21
CC 0.27
Total Investment Grade -- 1.14
Total Non-Investment Grade -- 98.57
Not Rated -- 0.22
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 Jun 2021

 Average Maturity: 5.63 Years