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HYEM
VanEck 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%
 4See Important Disclosure for definitions.

Index Top 10 Constituents (%) as of 12/31/22

Total Constituents: 591
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
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

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

Maturity (%)

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