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HYEM
VanEck Emerging Markets High Yield Bond UCITS ETF

Fund Description

The VanEck Emerging Markets High Yield Bond UCITS ETF offers the potential for higher returns than developed-market bonds, while also having the advantage of higher credit quality. The EM bond universe has grown substantially in the last years, and is now an attractive alternative to the developed world’s high yield markets.

  • Potential for higher returns than developed market high-yield bonds
  • Currently higher average credit rating than developed-market high yield
  • Tracks a well-diversified index of corporate bonds
  • Underlying bonds issued in USD


Risk factors: Foreign Currency Risk, Emerging Markets Risk, High Yield Securities Risk



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 04 Oct 2022

  • NAV1

    95.06
  • Shares Outstanding

    224,000
  • Number of Holdings

    334
  • Base Currency

    USD
  • Net Assets

    $21.3M
  • Product Structure

    Physical (Optimized)
  • Income Treatment

    Reinvestment
  • Distribution Frequency

    None
  • Total Expense Ratio

    0.40%
  • SFDR Classification

    Article 6
  • Fact Sheet
  • Fund Holiday Calendar

Fundamentals3
as of 04 Oct 2022

  • Yield to Worst

    11.88%
  • Yield to Maturity

    11.96%
  • Effective Duration (yrs)

    3.67
  • Years to Maturity

    5.43
  • Modified Duration (yrs)

    3.74
  • Coupon

    5.79%
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. 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 04 Oct 2022

London
Stock Exchange
USD
Exchange Ticker HYEM
ISIN IE00BF541080
SEDOL BF3W0R4
Bloomberg HYEM LN
Reuters (RIC) HYEM.L
Valor 41015314
Bloomberg iNAV HYEMUSIV
Reuters iNAV HYEMINAV=SOLA
WKN A2JEMH
Trading Currency USD
Last Traded Price --
Day's Move --
Volume --
30 Day Volume --
VWAP Volume --
London
Stock Exchange
GBP
Exchange Ticker HYGB
ISIN IE00BF541080
SEDOL BF3W0S5
Bloomberg HYGB LN
Reuters (RIC) HYGB.L
Valor 41015314
Bloomberg iNAV HYEMUSIV
Reuters iNAV HYEMINAV=SOLA
WKN A2JEMH
Trading Currency GBP
Last Traded Price --
Day's Move --
Volume --
30 Day Volume --
VWAP Volume --
Deutsche
Börse
EUR
Exchange Ticker HY3M
ISIN IE00BF541080
SEDOL --
Bloomberg HY3M GY
Reuters (RIC) HY3M.DE
Valor 41015314
Bloomberg iNAV HYEMEUIV
Reuters iNAV HYEMEURINAV=IHSM
WKN A2JEMH
Trading Currency EUR
Last Traded Price --
Day's Move --
Volume --
30 Day Volume --
VWAP Volume --
SIX
Swiss Exchange
CHF
Exchange Ticker HYEM
ISIN IE00BF541080
SEDOL --
Bloomberg HYEM SE
Reuters (RIC) HYEM.S
Valor 41015314
Bloomberg iNAV HYEMUSIV
Reuters iNAV HYEMINAV=SOLA
WKN A2JEMH
Trading Currency CHF
Last Traded Price --
Day's Move --
Volume --
30 Day Volume --
VWAP Volume --
Borsa
Italiana
EUR
Exchange Ticker HYEM
ISIN IE00BF541080
SEDOL --
Bloomberg HYEM IM
Reuters (RIC) HYEM.MI
Valor 41015314
Bloomberg iNAV HYEMEUIV
Reuters iNAV HYEMEURINAV=IHSM
WKN A2JEMH
Trading Currency EUR
Last Traded Price --
Day's Move --
Volume --
30 Day Volume --
VWAP Volume --

NAVs as of 04 Oct 2022

Base
Currency
NAV Daily
Change
NAV
YTD
Change
NAV
NAV Price
History
Total
Expense
Ratio
HYEM USD $95.06 $0.92 / +0.97% -18.90%
0.40

Performance History* (%)

Month End as of 31 Aug 2022 1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR ETF INCEPTION
ETF (NAV) 1.04 -4.09 -15.49 -18.33 -1.88 -- -- -0.21
EMLH (Index) 1.60 -4.11 -17.11 -20.44 -2.48 -0.64 2.95 -0.87
Performance Differential (NAV - Index) -0.56 0.02 1.62 2.11 0.60 -- -- 0.66
Quarter End as of 30 Jun 2022 1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR ETF INCEPTION
ETF (NAV) -5.85 -8.91 -17.05 -19.56 -3.07 -- -- -0.66
EMLH (Index) -6.01 -9.20 -18.76 -21.74 -3.93 -0.66 3.24 -1.37
Performance Differential (NAV - Index) 0.16 0.29 1.71 2.18 0.86 -- -- 0.71
Calendar Year as of 31 Dec 2021 2017 2018 2019 2020 2021
ETF (NAV) -- -- 13.68 6.87 -1.55
EMLH (Index) 8.52 -3.20 12.98 6.85 -1.29

Market Makers

Top 10 Holdings (%) as of 31 Aug 2022 View All Holdings »

Total Holdings: 362
Holding Name
Coupon
Maturity
Composite
Rating
Country
Currency
% of Net
Assets
INDUSTRIAL & COMMERCIAL BANK OF CHINA L
3.200
24 Mar 2072
NR
China
USD
2.1124
BANK OF COMMUNICATIONS CO LTD
3.800
18 Nov 2169
NR
China
USD
1.2714
PETROLEOS DEL PERU SA
5.625
19 Jun 2047
BBB-
Peru
USD
0.9304
GREENKO DUTCH BV
3.850
29 Mar 2026
BB+
Netherlands
USD
0.9165
SOUTHERN GAS CORRIDOR CJSC
6.875
24 Mar 2026
BB
Azerbaijan
USD
0.8454
TURKIYE VAKIFLAR BANKASI TAO
6.500
08 Jan 2026
B
Turkey
USD
0.8309
TEVA PHARMACEUTICAL FINANCE NETHERLANDS
3.150
01 Oct 2026
BB-
Israel
USD
0.8016
BANCO NACIONAL DE DESENVOLVIMENTO ECONO
4.750
09 May 2024
BB-
Brazil
USD
0.7951
BANK OF EAST ASIA LTD/THE
5.875
19 Sep 2167
BB
China
USD
0.7783
TULLOW OIL PLC
10.250
15 May 2026
B-
United Kingdom
USD
0.7072
Top 10 Total (%) 10.00
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 31 Aug 2022

  • Country

    % of Net Assets
  • China

    11.90
  • Brazil

    8.90
  • Turkey

    6.82
  • Mexico

    6.74
  • Colombia

    6.07
  • India

    5.67
  • United Kingdom

    4.21
  • Argentina

    4.01
  • United States

    4.00
  • Israel

    3.20
  • Luxembourg

    3.13
  • South Africa

    3.02
  • Singapore

    2.96
  • Indonesia

    2.81
  • Uae

    2.54
  • Peru

    2.45
  • Zambia

    2.01
  • Oman

    1.89
  • Bahrain

    1.61
  • Mauritius

    1.48
  • Netherlands

    1.47
  • Thailand

    1.12
  • Morocco

    1.01
  • Azerbaijan

    0.85
  • Bermuda

    0.73
  • Chile

    0.71
  • Trinidad And Tobago

    0.64
  • Ukraine

    0.63
  • Barbados

    0.60
  • Guatemala

    0.59
  • Saudi Arabia

    0.59
  • Kuwait

    0.55
  • Spain

    0.51
  • Poland

    0.41
  • Nigeria

    0.41
  • Virgin Islands

    0.39
  • Uzbekistan

    0.36
  • Panama

    0.29
  • Ghana

    0.28
  • Costa Rica

    0.25
  • Kazakhstan

    0.25
  • South Korea

    0.15
  • Georgia

    0.15
  • Greece

    0.15
  • Other/Cash

    1.50

Currency Exposure (%)
as of 31 Aug 2022

  • U.S. Dollar

    98.50
  • Other/Cash

    1.50

Sector Weightings (%) as of 31 Aug 2022

  • Sector

    % of Net Assets
  • Financials

    34.1
  • Energy

    20.1
  • Basic Materials

    11.9
  • Utilities

    8.5
  • Industrials

    8.1
  • Technology

    3.8
  • Consumer Cyclicals

    3.5
  • Consumer Non-Cyclicals

    3.4
  • Healthcare

    3.2
  • Government Activity

    1.0
  • Real Estate

    0.9
  • Other/Cash

    1.5

Credit Quality (%) as of 31 Aug 2022

Composite % of Net Assets
Investment Grade BBB 4.07
Non-Investment Grade BB 61.02
B 23.27
CCC 5.92
CC 0.65
D 0.23
Total Investment Grade -- 4.07
Total Non-Investment Grade -- 91.08
Not Rated -- 4.21

Maturity (%) as of 31 Aug 2022

 Average Maturity: 5.59 Years