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VanEck International High Yield Bond ETF

ETF
IHY
Payout Change
Pending
Price as of:
$20.97 -0.16 -0.73%
primary theme
High Yield Bond
IHY (ETF)

VanEck International High Yield Bond ETF

Payout Change
Pending
Price as of:
$20.97 -0.16 -0.73%
primary theme
High Yield Bond
IHY (ETF)

VanEck International High Yield Bond ETF

Payout Change
Pending
Price as of:
$20.97 -0.16 -0.73%
primary theme
High Yield Bond

Name

As of 11/01/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

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VanEck International High Yield Bond ETF

IHY | ETF

$20.97

$31.1 M

5.40%

$1.14

0.40%

Vitals

YTD Return

5.0%

1 yr return

13.4%

3 Yr Avg Return

0.2%

5 Yr Avg Return

1.8%

Net Assets

$31.1 M

Holdings in Top 10

10.2%

52 WEEK LOW AND HIGH

$21.1
$19.44
$21.63

Expenses

OPERATING FEES

Expense Ratio 0.40%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 33.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/01/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

VanEck International High Yield Bond ETF

IHY | ETF

$20.97

$31.1 M

5.40%

$1.14

0.40%

IHY - Profile

Distributions

  • YTD Total Return 5.0%
  • 3 Yr Annualized Total Return 0.2%
  • 5 Yr Annualized Total Return 1.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.54%
DIVIDENDS
  • Dividend Yield 5.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    VanEck International High Yield Bond ETF
  • Fund Family Name
    VANECKFUND
  • Inception Date
    Apr 02, 2012
  • Shares Outstanding
    3300000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Francis Rodilosso

Fund Description

The Fund normally invests at least 80% of its total assets in securities that comprise the Fund’s benchmark index. The International High Yield Index is comprised of below investment grade bonds 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 pound sterling and issued in the major domestic or eurobond markets. Qualifying securities must have a below investment grade rating. As of June 30, 2024, the International High Yield Index included 1,547 below investment grade securities of 751 issuers and approximately 39% of the International High Yield Index was comprised of Rule 144A securities. The Fund’s 80% investment policy is non-fundamental and may be changed without shareholder approval upon 60 days’ prior written notice to shareholders.
The Fund, using a “passive” or indexing investment approach, attempts to approximate the investment performance of the International High Yield Index. Unlike many investment companies that try to “beat” the performance of a benchmark index, the Fund does not try to “beat” the International High Yield Index and does not take temporary defensive positions that are inconsistent with its investment objective of seeking to replicate the International High Yield Index. Because of the practical difficulties and expense of purchasing all of the securities in the International High Yield Index, the Fund does not purchase all of the securities in the International High Yield Index. Instead, the Adviser utilizes a “sampling” methodology in seeking to achieve the Fund’s objective. As such, the Fund may purchase a subset of the bonds in the International High Yield Index in an effort to hold a portfolio of bonds with generally the same risk and return characteristics of the International High Yield Index.
The Fund may concentrate its investments in a particular industry or group of industries to the extent that the International High Yield Index concentrates in an industry or group of industries. As of April 30, 2024, each of the financials, industrials, information technology and energy sectors represented a significant portion of the Fund.
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IHY - Performance

Return Ranking - Trailing

Period IHY Return Category Return Low Category Return High Rank in Category (%)
YTD 5.0% -7.0% 14.6% 90.10%
1 Yr 13.4% 0.6% 19.7% 68.18%
3 Yr 0.2%* -14.5% 20.8% 92.86%
5 Yr 1.8%* -12.1% 37.0% 93.50%
10 Yr 2.8%* -5.2% 19.9% 86.56%

* Annualized

Return Ranking - Calendar

Period IHY Return Category Return Low Category Return High Rank in Category (%)
2023 6.1% -4.7% 14.3% 22.64%
2022 -18.4% -33.4% 3.6% 85.86%
2021 -7.0% -8.4% 8.2% 99.32%
2020 3.3% -13.2% 302.7% 7.91%
2019 7.3% -4.4% 13.3% 59.49%

Total Return Ranking - Trailing

Period IHY Return Category Return Low Category Return High Rank in Category (%)
YTD 5.0% -7.0% 14.6% 90.10%
1 Yr 13.4% 0.6% 19.7% 68.18%
3 Yr 0.2%* -14.5% 20.8% 92.86%
5 Yr 1.8%* -12.1% 37.0% 93.50%
10 Yr 2.8%* -5.2% 19.9% 86.56%

* Annualized

Total Return Ranking - Calendar

Period IHY Return Category Return Low Category Return High Rank in Category (%)
2023 12.1% -4.7% 18.7% 53.42%
2022 -14.3% -33.4% 47.8% 92.27%
2021 -2.8% -8.4% 12.4% 97.78%
2020 8.6% -9.6% 325.6% 8.08%
2019 12.8% -3.8% 19.4% 65.46%

IHY - Holdings

Concentration Analysis

IHY Category Low Category High IHY % Rank
Net Assets 31.1 M 3.13 M 23.6 B 96.10%
Number of Holdings 367 2 3879 49.10%
Net Assets in Top 10 2.57 M -492 M 5.25 B 99.02%
Weighting of Top 10 10.23% 4.2% 146.0% 74.71%

Top 10 Holdings

  1. State Street Navigator Securities Lending Government Money Market Portfolio 3.28%
  2. Industrial Commercial Bank of China Ltd 1.14%
  3. UniCredit SpA 0.83%
  4. SoftBank Group Corp 0.78%
  5. Electricite de France SA 0.77%
  6. SoftBank Group Corp 0.77%
  7. Huarong Finance 2017 Co Ltd 0.75%
  8. Virgin Media Vendor Financing Notes III DAC 0.70%
  9. Commerzbank AG 0.65%
  10. Vodafone Group PLC 0.56%

Asset Allocation

Weighting Return Low Return High IHY % Rank
Bonds 		97.61% 0.00% 145.36% 20.62%
Cash 		3.28% -52.00% 48.02% 58.56%
Convertible Bonds 		2.06% 0.00% 17.89% 23.33%
Stocks 		0.00% 0.00% 99.64% 86.69%
Preferred Stocks 		0.00% 0.00% 4.97% 72.27%
Other 		0.00% -39.08% 99.96% 71.78%

Bond Sector Breakdown

Weighting Return Low Return High IHY % Rank
Corporate 		92.34% 0.00% 100.00% 73.20%
Government 		5.90% 0.00% 99.07% 5.07%
Cash & Equivalents 		3.28% 0.00% 48.02% 49.10%
Securitized 		0.31% 0.00% 97.24% 31.21%
Derivative 		0.00% -14.19% 42.26% 65.58%
Municipal 		0.00% 0.00% 1.17% 53.92%

Bond Geographic Breakdown

Weighting Return Low Return High IHY % Rank
US 		52.70% 0.00% 126.57% 95.27%
Non US 		44.90% 0.00% 96.91% 1.14%

IHY - Expenses

Operational Fees

IHY Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.40% 0.02% 38.33% 94.14%
Management Fee 0.40% 0.00% 1.75% 13.98%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

IHY Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

IHY Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

IHY Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 33.00% 1.00% 255.00% 9.09%

IHY - Distributions

Dividend Yield Analysis

IHY Category Low Category High IHY % Rank
Dividend Yield 5.40% 0.00% 11.76% 75.36%

Dividend Distribution Analysis

IHY Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annual Monthly Monthly

Net Income Ratio Analysis

IHY Category Low Category High IHY % Rank
Net Income Ratio 4.54% -2.39% 9.30% 41.69%

Capital Gain Distribution Analysis

IHY Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

IHY - Fund Manager Analysis

Managers

Francis Rodilosso

Start Date

Tenure

Tenure Rank

Apr 02, 2012

10.17

10.2%

Mr. Rodilosso joined VanEck in 2012. He serves as Head of Fixed Income ETF Portfolio Management and is responsible for portfolio strategy, credit, and market analysis. Prior to joining VanEck, Mr. Rodilosso served as Managing Director of Global Emerging Markets with The Seaport Group where he launched the firm’s emerging markets fixed income sales and trading business. Mr. Rodilosso’s earlier career experience includes portfolio management positions at Greylock Capital and Soundbrook Capital where he focused on corporate high-yield and distressed situations, with an emphasis on emerging markets. He also held senior fixed income trading positions at Credit Lyonnais and HSBC. Mr. Rodilosso is a CFA Charterholder and a member of the CFA Society New York. He received an MBA from the Wharton School of the University of Pennsylvania and a BA from Princeton University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.13 37.79 7.31 8.17

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