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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 (HYEM) is a UCITS-compliant exchange-traded fund that invests in a portfolio of bond securities with the aim of providing investment returns that closely track the performance of the ICE BofAML Diversified High Yield US Emerging Markets Corporate Plus Index (EMLH). 

Index Description: The ICE BofAML Diversified High Yield US Emerging Markets Corporate Plus Index 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. 

Management Style: Optimized

 
 

  • Fund Ticker

    HYEM
  • Management Company

    VanEck Investments Ltd
  • 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 21 Sep 2020

  • NAV1

    112.80
  • Shares Outstanding

    202,000
  • Number of Holdings

    247
  • Base Currency

    USD
  • Net Assets

    $22.8M
  • Product Structure

    Physical (Optimized)
  • Distribution Frequency

    None
  • Income Treatment

    Reinvestment
  • Total Expense Ratio

    0.40%
  • Fact Sheet
  • ETF Product List
afm_english_risicoscore_4.jpg

Key Points

  • Focuses solely on the non-sovereign segment of the high yield emerging markets bond market.

  • Currently higher average yield and lower average duration versus high yield U.S. corporate bonds.

  • Lower historical default rates compared to high yield U.S. corporate bonds.

Fundamentals3
as of 21 Sep 2020

  • Yield to Worst

    6.01%
  • Yield to Maturity

    6.15%
  • Effective Duration (yrs)

    3.61
  • Years to Maturity

    5.41
  • Modified Duration (yrs)

    3.97
  • Coupon

    6.13%
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 21 Sep 2020

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 113.23
Day's Move -1.11
Volume 0
30 Day Volume 18
VWAP Volume 0
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 88.54
Day's Move 0.33
Volume 0
30 Day Volume --
VWAP Volume 0
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 96.53
Day's Move 0.17
Volume 624
30 Day Volume 19
VWAP Volume 624
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 104.00
Day's Move 0.00
Volume 0
30 Day Volume --
VWAP Volume 0
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 96.28
Day's Move -0.13
Volume 2,915
30 Day Volume 131
VWAP Volume 2,915

NAVs as of 21 Sep 2020

Base
Currency
NAV Daily
Change
NAV
YTD
Change
NAV
NAV Price
History
Total
Expense
Ratio
HYEM USD $112.80 $-0.58 / -0.51% +1.27%
0.40

Performance History: Average Annual Total Returns* (%)

1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR ETF INCEPTION
ETF (NAV) 1.68 7.83 1.84 8.18 -- -- -- 5.29
EMLH (Index) 1.94 8.39 0.92 7.06 3.78 6.56 -- 4.37
Performance Differential (NAV - Index) -0.26 -0.56 0.92 1.12 -- -- -- 0.92
1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR ETF INCEPTION
ETF (NAV) 3.51 15.60 -2.24 2.00 -- -- -- 3.81
EMLH (Index) 3.82 15.55 -3.34 0.01 2.95 5.01 -- 2.74
Performance Differential (NAV - Index) -0.31 0.05 1.10 1.99 -- -- -- 1.07

Top 10 Holdings (%) View All Holdings » as of 31 Aug 2020

Total Holdings: 245
Holding Name
Coupon
Maturity
Composite
Rating
Country
Currency
% of Net
Assets
SOUTHERN GAS CORRIDOR CJSC
6.875
24 Mar 2026
BB
Azerbaijan
USD
1.3394
CEMEX SAB DE CV
7.750
16 Apr 2026
BB-
Mexico
USD
0.9452
RENEW POWER SYNTHETIC
6.670
12 Mar 2024
BB-
India
USD
0.9439
SUNAC CHINA HOLDINGS LTD
7.950
11 Oct 2023
BB-
China
USD
0.9414
SBERBANK OF RUSSIA VIA SB CAPITAL SA
5.125
29 Oct 2022
BB+
Russia
USD
0.9390
CIFI HOLDINGS GROUP CO LTD
6.550
28 Mar 2024
BB-
China
USD
0.9366
KUWAIT PROJECTS CO SPC LTD
5.000
15 Mar 2023
BB+
Kuwait
USD
0.9296
LISTRINDO CAPITAL BV
4.950
14 Sep 2026
BB
Indonesia
USD
0.9267
EMIRATES NBD BANK PJSC
6.125
20 Sep 2167
B+
Uae
USD
0.9264
JSW STEEL LTD
5.950
18 Apr 2024
BB-
India
USD
0.9226
Top 10 Total (%) 9.76
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 31 Aug 2020

  • Country

    % of Net Assets
  • China

    13.35
  • Brazil

    9.30
  • Turkey

    7.86
  • Mexico

    6.86
  • Russia

    5.47
  • India

    5.22
  • Argentina

    4.49
  • South Africa

    3.92
  • Colombia

    3.67
  • Israel

    3.53
  • Indonesia

    2.65
  • United States

    2.55
  • Ukraine

    2.06
  • Kazakhstan

    2.05
  • Uae

    1.86
  • Zambia

    1.79
  • Spain

    1.72
  • Azerbaijan

    1.67
  • Bahrain

    1.66
  • Peru

    1.26
  • Singapore

    1.01
  • Morocco

    0.98
  • Kuwait

    0.93
  • Canada

    0.92
  • Vietnam

    0.90
  • Thailand

    0.89
  • Oman

    0.88
  • Chile

    0.83
  • Saudi Arabia

    0.79
  • South Korea

    0.68
  • Tanzania

    0.64
  • Bermuda

    0.59
  • Ghana

    0.55
  • Cyprus

    0.49
  • Virgin Islands

    0.48
  • Croatia

    0.48
  • Nigeria

    0.48
  • Georgia

    0.46
  • Mauritius

    0.45
  • Sweden

    0.43
  • Costa Rica

    0.40
  • Guatemala

    0.28
  • Qatar

    0.26
  • Trinidad And Tobago

    0.24
  • Panama

    0.23
  • Netherlands

    0.21
  • Switzerland

    0.21
  • Other/Cash

    1.37

Currency Exposure (%)
as of 31 Aug 2020

  • U.S. Dollar

    98.63
  • Other/Cash

    1.37

Sector Weightings (%) as of 31 Aug 2020

  • Sector

    % of Net Assets
  • Financial

    32.1
  • Energy

    18.4
  • Basic Materials

    13.2
  • Consumer, Non-cyclical

    7.8
  • Communications

    6.6
  • Utilities

    6.3
  • Industrial

    6.0
  • Consumer, Cyclical

    4.4
  • Government

    1.9
  • Diversified

    1.9
  • Other/Cash

    1.4

Credit Quality (%) as of 31 Aug 2020

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 31 Aug 2020

 Average Maturity: 5.51 Years

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Performance data for the Irish domiciled funds is displayed on a Net Asset Value basis, in Base Currency terms, with net income reinvested, net of fees. Brokerage or transaction fees will apply. Performance data for the Dutch domiciled ETFs include income distributions gross of Dutch withholding tax, net of fees and assume that the Dutch dividend withholding tax levied from the dividend payment of the ETF will be deducted or reclaimed with the Dutch tax authority and is reinvested. Different investor types and investors from other jurisdictions may not be able to achieve the same level of performance due to their tax status and local tax rules. Brokerage or transaction fees will apply. The Dutch domiciled ETFs use a gross reinvestment index. Please note that the performance includes income distributions gross of Dutch withholding tax because Dutch investors deduct or reclaim the 15% Dutch withholding tax levied. Different investor types and investors from other jurisdictions may not be able to achieve the same level of performance due to their tax status and local tax rules. For more information please be referred to the respective fund’s performance section on this website.

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