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HYEM
VanEck Emerging Markets High Yield Bond ETF

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.

 
 

  • Fund Ticker

    HYEM
  • Exchange

    NYSE Arca
  • Inception Date

    05/08/2012
  • ETF Structure

    Physical
  • Administrator

    Van Eck Associates
  • Index Ticker

    EMLH
  • Index Rebalancing

    Monthly
  • 2022 Preliminary NAIC Designation9

    4.B

 
as of 09/30/22

  • 30-Day SEC Yield1

    9.67%
  • Total Net Assets

    $389.5M
  • Number of Holdings

    642
  • Options

    No
  • Gross Expense Ratio2

    0.40%
  • Net Expense Ratio/TER2

    0.40%
  • Distribution Frequency

    Monthly
  • Next Distribution Date

    10/31/2022
1, 2, 9 See Important Disclosure

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 09/29/22

  • Yield to Worst

    12.70%
  • Yield to Maturity

    12.75%
  • Effective Duration (yrs)

    3.54
  • Years to Maturity

    5.34
  • Modified Duration (yrs)

    3.61
  • Coupon

    5.91%
 4See Important Disclosure for definitions.

Index Top 10 Constituents (%)  as of 08/31/22

Total Constituents: 643
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full data
Constituent Name
Coupon
Maturity Weightings (%)
Ind & Comm Bk Of China
0.000
01/01/1900 1.75
Teva Pharmaceuticals Ne
3.150
10/01/2026 0.87
Bank Of Communications
3.800
01/01/1900 0.84
Southern Gas Corridor
0.000
03/24/2026 0.77
Tullow Oil Plc
10.250
05/15/2026 0.58
Ecopetrol Sa
6.875
04/29/2030 0.57
Ecopetrol Sa
5.875
09/18/2023 0.56
Sasol Financing Usa Llc
0.000
03/27/2024 0.55
Dp World Salaam
0.000
01/01/1900 0.54
First Quantum Minerals L
0.000
10/15/2027 0.52
Top 10 Total (%) 7.55
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Index Country Weightings (%) as of 08/31/22

  • Country

    % of Net Assets
  • China

    13.10
  • Brazil

    8.72
  • Mexico

    7.05
  • Turkey

    6.42
  • Colombia

    5.86
  • India

    5.56
  • Argentina

    4.02
  • United States

    3.84
  • Israel

    3.09
  • South Africa

    2.59
  • Luxembourg

    2.56
  • Peru

    2.56
  • Indonesia

    2.39
  • Uae

    2.26
  • Mauritius

    2.25
  • Singapore

    2.18
  • United Kingdom

    1.99
  • Cayman Islands

    1.91
  • Oman

    1.87
  • Zambia

    1.65
  • OTHERS

    18.14

Index Sector Weightings (%) as of 08/31/22

  • Sector

    % of Net Assets
  • Financials

    35.0
  • Energy

    18.5
  • Basic Materials

    10.6
  • Industrials

    9.0
  • Utilities

    7.8
  • Consumer Cyclicals

    3.8
  • Technology

    3.8
  • Consumer Non-Cyclicals

    3.7
  • Real Estate

    3.4
  • Healthcare

    3.4
  • OTHER

    1.2

Index Credit Quality (%) as of 08/31/22

Composite % of Net Assets
Investment Grade BBB 3.46
Non-Investment Grade BB 55.67
B 27.50
CCC 5.97
CC 0.86
D 0.22
Total Investment Grade -- 3.46
Total Non-Investment Grade -- 90.22
Not Rated -- 6.32

Maturity (%) as of 08/31/22

Average Maturity: 5.50 Years