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IHY

VanEck
International High Yield Bond ETF

As of November 30, 2025

Fund Details

Fund Ticker IHY
Intraday NAV (IIV) IHYIV
Index Ticker HXUS
Total Net Assets ($M) 45.85
Number of Holdings 562
Exchange NYSE Arca
Inception Date 04/02/12
Distribution Frequency Monthly

Yield

30-Day SEC Yield1 5.38%
*30-Day SEC Yield reflects the investment income earned after deducting a fund’s expenses for the period. This yield does not necessarily reflect the yield that an investor will receive. Distributions may vary from time to time.
*30-Day SEC Yield reflects the investment income earned after deducting a fund’s expenses for the period. This yield does not necessarily reflect the yield that an investor will receive. Distributions may vary from time to time.

Fees and Expenses

Management Fee 0.40%
Other Expenses --
Acquired Fund Fees and Expenses --
Gross Expense Ratio 0.40%
Fee Waivers and
Expense Reimbursement		 --
Net Expense Ratio 0.40%

Van Eck Absolute Return Advisers Corporation (the “Adviser”) will pay all expenses of the Fund, except for the fee payment under the investment management agreement, acquired fund fees and expenses, interest expense, offering costs, trading expenses, taxes and extraordinary expenses. Notwithstanding the foregoing, the Adviser has agreed to pay the offering costs until at May 1, 2026. “Other Expenses” have been restated to reflect current fees.

About IHY

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.

Top 10 Holdings

Holding Name
Coupon
Maturity
 % of Net Assets
Petroleos Mexicanos
6.700
 02/16/2032 0.61
Petroleos Mexicanos
7.690
 01/23/2050 0.55
British Telecommunications Plc
5.125
 10/03/2054 0.53
Banco Bpm Spa
4.500
 11/26/2036 0.53
Teva Pharmaceutical Finance Netherlands
4.375
 05/09/2030 0.53
Lorca Telecom Bondco Sa
4.000
 09/18/2027 0.51
Telecom Italia Capital Sa
7.721
 06/04/2038 0.50
Electricite De France Sa
3.375
 09/15/2071 0.49
Vz Vendor Financing Ii Bv
2.875
 01/15/2029 0.48
Turkiye Ihracat Kredi Bankasi As
9.000
 01/28/2027 0.47
Top 10 Total 5.19
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Performance History:

Average Annual Total Returns* (%)

Month End as of 11/30/25 1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
04/02/12
IHY (NAV) -0.06 0.16 10.94 10.08 9.96 2.01 4.39 4.22
IHY (Share Price) -0.10 0.12 11.52 10.24 9.43 2.13 4.46 4.23
HXUS (Index) 0.32 0.41 11.76 10.91 11.29 2.65 5.04 4.90
Performance Differential (NAV - Index) -0.38 -0.25 -0.82 -0.83 -1.33 -0.64 -0.65 -0.68
Quarter End as of 09/30/25 1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
04/02/12
IHY (NAV) 0.68 2.25 11.51 8.33 12.93 3.14 4.59 4.32
IHY (Share Price) 0.44 1.66 11.87 7.94 13.05 3.11 4.61 4.31
HXUS (Index) 0.69 2.48 12.07 9.21 14.31 3.81 5.24 4.98
Performance Differential (NAV - Index) -0.01 -0.23 -0.56 -0.88 -1.38 -0.67 -0.65 -0.66

*Returns less than one year are not annualized.

The performance data quoted represents past performance. Past performance is not a guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted. Please call 800.826.2333 or visit vaneck.com for performance current to the most recent month ended.

The Fund’s prospectus has not been submitted for approval to the Belgian Financial Services and Markets Authority (Autoriteit voor Financiële Diensten en Markten / Autorité des Services et Marchés Financiers) and, accordingly, the shares may not be distributed by way of public offering in Belgium and may only be offered to a maximum of 99 investors or to institutional and professional investors (as defined in Article 5, §3 of the Law of July 20, 2004, and as extended by the provisions of the Belgian Royal Decree of September 26, 2006 . These materials may be distributed in Belgium only to such prospective investors for their personal use and may not be used for any other purpose or passed on to any other person in Belgium. Shares will only be offered to such qualifying prospective investors.

The performance data quoted represents past performance. Past performance is not a guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted. Please call 800.826.2333 or visit vaneck.com for performance current to the most recent month ended.

The "Net Asset Value" (NAV) of a Fund is determined at the close of each business day, and represents the dollar 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 shares at NAV.

IHY

VanEck
International High Yield Bond ETF

As of November 30, 2025

Fundamentals4

Yield to Worst 5.76M
Yield to Maturity 6.34M
Effective Duration (yrs) 3.17
Years to Maturity 12.92
Modified Duration (yrs) 3.29
Coupon 6.08M
 4See Important Disclosure for definitions.
*These figures represent weighted averages. 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, and is appropriate for bonds with embedded options. Years to Maturity is the period of time for which a financial instrument remains outstanding.

Top 10 Countries

Country % of Net Assets
France 11.80
United Kingdom 11.64
Canada 8.40
Netherlands 7.86
Luxembourg 7.79
United States 4.81
Germany 4.66
Brazil 4.07
Italy 3.87
Japan 3.75
Top 10 Total 68.65

Sector Weightings (%)

Sector % of Net Assets
■ Financials 24.9
■ Industrials 13.6
■ Technology 13.0
■ Energy 11.3
■ Consumer Cyclicals 9.7
■ Basic Materials 8.0
■ Utilities 7.1
■ Healthcare 4.3
■ Consumer Non-Cyclicals 3.5
■ Real Estate 3.1
■ Institutions; Associations & Orgs 0.5
■ Other/Cash 1.1

Index returns are not Fund returns and do not reflect any management fees or brokerage expenses. Certain indices may take into account withholding taxes. Investors can not invest directly in the Index. Index returns assume that dividends have been reinvested.

An investment in the Fund may be subject to risks which include, among others, high yield securities, foreign securities, emerging market issuers, foreign currency, special risk considerations of investing in European, United Kingdom, and Latin American issuers, credit, interest rate, restricted securities, financial sector, industrials sector, information technology sector, energy sector, market, operational, call, sampling, index tracking, authorized participant concentration, no guarantee of active trading market, trading issues, passive management, fund shares trading, premium/discount and liquidity of fund shares, and index-related concentration risks, all of which may adversely affect the Fund. Emerging market issuers and foreign securities may be subject to securities markets, political and economic, investment and repatriation restrictions, different rules and regulations, less publicly available financial information, foreign currency and exchange rates, operational and settlement, and corporate and securities laws risks.

ICE Data Indices, LLC and its affiliates (“ICE Data”) indices and related information, the name "ICE Data", and related trademarks, are intellectual property licensed from ICE Data, and may not be copied, used, or distributed without ICE Data's prior written approval. The licensee's products have not been passed on as to their legality or suitability, and are not regulated, issued, endorsed, sold, guaranteed, or promoted by ICE Data. ICE DATA MAKES NO WARRANTIES AND BEARS NO LIABILITY WITH RESPECT TO THE INDICES, ANY RELATED INFORMATION, ITS TRADEMARKS, OR THE PRODUCT(S) (INCLUDING WITHOUT LIMITATION, THEIR QUALITY, ACCURACY, SUITABILITY AND/OR COMPLETENESS).

Investing involves substantial risk and high volatility, including possible loss of principal. Bonds and bond funds will decrease in value as interest rates rise. An investor should consider the investment objective, risks, charges and expenses of the Fund carefully before investing. To obtain a prospectus and summary prospectus, which contain this and other information, call 800.826.2333 or visit vaneck.com. Please read the prospectus and summary prospectus carefully before investing.  

This content is published in the United States for residents of specified countries. Investors are subject to securities and tax regulations within their applicable jurisdictions that are not addressed on this content. Nothing in this content should be considered a solicitation to buy or an offer to sell shares of any investment in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction, nor is it intended as investment, tax, financial, or legal advice. Investors should seek such professional advice for their particular situation and jurisdiction.

Van Eck Securities Corporation, Distributor, a wholly-owned subsidiary of Van Eck Associates Corporation | 666 Third Avenue | New York, NY 10017

FUND TICKER: IHY 800.826.2333 VANECK.COM