HYEMVanEck Emerging Markets High Yield Bond ETF
Index Key Points
The ICE BofA Diversified High Yield US Emerging Markets Corporate Plus Index (EMLH) is comprised of:
U.S. dollar-denominated bonds issued by non-sovereign emerging markets issuers that are rated below investment grade and issued in the major domestic or eurobond markets. In order to qualify for inclusion in the Index, an issuer must have risk exposure to countries other than members of the FX G10, all Western European countries and territories of the U.S. and Western European countries.
Index Weighting:
The Index constituents are capitalization-weighted based on their current amount outstanding times the market price plus accrued interest, subject to a 10% country of risk cap and a 3% issuer cap. Countries and issuers that exceed the caps are reduced to 10% and 3%, respectively, and the face value of each of their bonds is adjusted on a pro-rata basis.
Index provider: ICE Data Indices, LLC10
Index Profile
-
Ticker
EMLH -
Inception Date
03/03/2015 -
Rebalance Frequency
Monthly
Index Fundamentals4 as of 01/31/23
-
Yield to Worst
9.54% -
Yield to Maturity
9.61% -
Effective Duration (yrs)
3.49 -
Years to Maturity
5.19 -
Modified Duration (yrs)
3.62 -
Coupon
5.91%
Index Top 10 Constituents (%) as of 12/31/22
Constituent Name |
Coupon
|
Maturity | Weightings (%) |
---|---|---|---|
Ind & Comm Bk Of China |
3.200 |
01/01/1900 | 1.99 |
Bank Of Communications |
3.800 |
01/01/1900 | 0.92 |
Teva Pharmaceuticals Ne |
3.150 |
10/01/2026 | 0.89 |
Southern Gas Corridor |
0.000 |
03/24/2026 | 0.76 |
Ecopetrol Sa |
6.875 |
04/29/2030 | 0.67 |
Sasol Financing Usa Llc |
0.000 |
03/27/2024 | 0.54 |
Dp World Salaam |
6.000 |
01/01/1900 | 0.54 |
First Quantum Minerals L |
0.000 |
10/15/2027 | 0.52 |
Ecopetrol Sa |
5.375 |
06/26/2026 | 0.52 |
Ecopetrol Sa |
0.000 |
05/28/2045 | 0.51 |
Top 10 Total (%) | 7.88 |
Index Country Weightings (%)
as of 12/31/22
Country | % of Net Assets |
---|---|
● China | 13.59 |
● Brazil | 8.69 |
● Mexico | 6.98 |
● Turkey | 6.64 |
● Colombia | 5.85 |
● India | 5.41 |
● Argentina | 4.48 |
● United States | 4.30 |
● Israel | 3.09 |
● Luxembourg | 2.55 |
● Peru | 2.44 |
● South Africa | 2.39 |
● Mauritius | 2.24 |
● United Arab Emirates | 2.20 |
● Indonesia | 2.15 |
● Cayman Islands | 2.12 |
● Singapore | 1.85 |
● United Kingdom | 1.73 |
● Zambia | 1.68 |
● Bahrain | 1.62 |
● OTHERS | 18.00 |
Index Sector Weightings (%)
as of 12/31/22
Sector | % of Net Assets |
---|---|
● Financials | 33.2 |
● Energy | 19.5 |
● Basic Materials | 10.2 |
● Industrials | 8.7 |
● Utilities | 7.9 |
● Technology | 4.5 |
● Consumer Cyclicals | 4.2 |
● Consumer Non-Cyclicals | 3.9 |
● Healthcare | 3.3 |
● Real Estate | 3.2 |
● OTHER | 1.4 |
Index Credit Quality (%)† as of 12/31/22
Composite | % of Net Assets | |
---|---|---|
Investment Grade | BBB | 3.38 |
Non-Investment Grade | BB | 55.58 |
B | 27.34 | |
CCC | 6.35 | |
CC | 0.81 | |
D | 0.25 | |
Total Investment Grade | -- | 3.38 |
Total Non-Investment Grade | -- | 90.33 |
Not Rated | -- | 6.29 |
Maturity (%)
as of 12/31/22
Average Maturity: 5.21 Years