HYEM
VanEck Emerging Markets High Yield Bond ETF
HYEM
VanEck Emerging Markets High Yield Bond ETF
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NAV$17.92
as of September 28, 2023 -
YTD RETURNS2.72%
as of September 28, 2023 -
Total Net Assets$370.95M
as of September 28, 2023 -
Total Expense Ratio0.40%
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Inception Date05/08/2012
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30-Day SEC Yield8.58%
Fund Description
The VanEck Emerging Markets High Yield Bond ETF (HYEM®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the ICE BofA Diversified High Yield US Emerging Markets Corporate Plus Index (EMLH), which 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.
Overview
Fund Highlights
- Focuses solely on the non-sovereign segment of the high yield emerging markets bond market
- Yield pickup and currently lower duration versus U.S. high yield corporate bonds7
- Adds issuer and country diversification to a U.S.-only high yield exposure8