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IHY
VanEck International High Yield Bond ETF

Fund Description

The VanEck International High Yield Bond ETF (IHY®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the ICE BofA Global ex-US Issuers High Yield Constrained Index (HXUS), which is comprised of U.S. dollar, Canadian dollar, pound sterling, and euro denominated below investment grade corporate bonds issued by non-U.S. corporations in the major domestic or Eurobond markets.

 
 

  • Fund Ticker

    IHY
  • Exchange

    NYSE Arca
  • ETF Structure

    Physical
  • Administrator

    Van Eck Associates
  • Custodian

    State Street Bank and Trust Company
  • Index Ticker

    HXUS
  • Index Rebalancing

    Monthly
  • 2021 Preliminary NAIC
    Designation7

    4.A

 
as of 09/17/21

  • 30-Day SEC Yield1

    3.36%
  • Total Net Assets

    $113.8M
  • Number of Holdings

    865
  • Options

    Available
  • Gross Expense Ratio2

    0.40%
  • Net Expense Ratio/TER2

    0.40%
  • Distribution Frequency

    Monthly
1, 2, 7 See Important Disclosure

Index Key Points

The ICE BofA Global ex-US Issuers High Yield Constrained Index (HXUS) comprises:

Below investment grade debt issued by corporations located throughout the world, which may include emerging market countries, excluding the United States, denominated in Euros, U.S. dollars, Canadian dollars or pounds sterling issued in the major domestic or Eurobond markets.

Index Weighting:
Index constituents are capitalization-weighted, based on their current amount outstanding, provided the total allocation to an individual issuer does not exceed 3%. Issuers that exceed the limit are reduced to 3% and the face value of each of their bonds is adjusted on a pro-rata basis. Similarly, the face value of bonds of all other issuers that fall below the 3% cap are increased on a pro-rata basis.

Index Provider: ICE Data Indices, LLC11

Index Profile

  • Ticker

    HXUS
  • Inception Date

    03/20/2012
  • Rebalance Frequency

    Monthly

Index Fundamentals4
as of 09/17/21

  • Yield to Worst

    4.18%
  • Yield to Maturity

    4.60%
  • Effective Duration (yrs)

    3.67
  • Years to Maturity

    5.65
  • Modified Duration (yrs)

    4.26
  • Coupon

    5.10%
 4 See Important Disclosure for definitions.

Top 10 Constituents (%) as of 08/31/21

Total Constituents: 1,925
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full data
Constituent Name
Coupon
Maturity Weighting (%)
Petroleos Mexicanos
0.000
01/23/2050
0.33
Teva Pharmaceuticals Ne
3.150
10/01/2026
0.26
Petroleos Mexicanos
0.000
03/13/2027
0.25
Bellis Acquisition Co Pl
0.000
02/16/2026
0.24
Petroleos Mexicanos
0.000
09/21/2047
0.24
Bank Of Communications
3.800
01/01/1900
0.23
Teva Pharmaceuticals Ne
2.800
07/21/2023
0.23
1011778 Bc / New Red Fin
0.000
10/15/2030
0.23
Softbank Group Corp
0.000
07/19/2023
0.21
Altice France Sa
0.000
07/15/2029
0.20
Top 10 Total (%) 2.42
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Index Country Weightings (%) as of 08/31/21

  • Country

    % of Net Assets
  • Italy

    8.68
  • United Kingdom

    8.12
  • France

    7.50
  • China

    7.49
  • Brazil

    7.28
  • Germany

    6.78
  • Canada

    5.38
  • Mexico

    4.40
  • Spain

    3.83
  • Netherlands

    3.52
  • Luxembourg

    2.86
  • Turkey

    2.45
  • India

    2.27
  • Japan

    2.01
  • Israel

    2.00
  • Colombia

    1.96
  • Sweden

    1.57
  • Russia

    1.52
  • Ireland

    1.32
  • United States

    1.29
  • OTHERS

    17.49

Index Sector Weightings (%) as of 08/31/21

  • Sector

    % of Net Assets
  • Financial

    25.6
  • Communications

    15.5
  • Energy

    12.2
  • Consumer, Cyclical

    11.9
  • Consumer, Non-cyclical

    10.5
  • Industrial

    9.4
  • Basic Materials

    7.5
  • Utilities

    5.6
  • Technology

    0.8
  • Diversified

    0.4
  • OTHERS

    0.3

Index Credit Quality (%) as of 08/31/21

Composite % of Net Assets
Investment Grade BBB 0.05
Non-Investment Grade BB 61.64
B 26.53
CCC 6.63
CC 0.34
C 0.02
D --
Total Investment Grade -- 0.05
Total Non-Investment Grade -- 95.17
Not Rated -- 4.78
Source: Bloomberg. Rating is a proprietary composite of various rating agencies.

Maturity (%) as of 08/31/21

 Average Maturity: 5.67 Years