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Name

As of 11/15/2024

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 Emerging Markets High Yield Bond ETF

HYEM | ETF

$19.56

$370 M

6.76%

$1.33

0.40%

Vitals

YTD Return

11.4%

1 yr return

16.8%

3 Yr Avg Return

1.5%

5 Yr Avg Return

2.5%

Net Assets

$370 M

Holdings in Top 10

12.0%

52 WEEK LOW AND HIGH

$19.7
$17.97
$19.89

Expenses

OPERATING FEES

Expense Ratio 0.40%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 31.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/15/2024

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 Emerging Markets High Yield Bond ETF

HYEM | ETF

$19.56

$370 M

6.76%

$1.33

0.40%

HYEM - Profile

Distributions

  • YTD Total Return 11.4%
  • 3 Yr Annualized Total Return 1.5%
  • 5 Yr Annualized Total Return 2.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 5.58%
DIVIDENDS
  • Dividend Yield 6.8%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    VanEck Emerging Markets High Yield Bond ETF
  • Fund Family Name
    VANECKFUND
  • Inception Date
    May 08, 2012
  • Shares Outstanding
    59000000
  • 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 Emerging Markets High Yield Index is comprised of U.S. dollar denominated bonds issued by non-sovereign emerging market issuers that have a below investment grade rating and that are issued in the major domestic and Eurobond markets.
In order to qualify for inclusion in the Emerging Markets High Yield Index, an issuer must have risk exposure to countries other than members of the FX Group of Ten, all Western European countries and territories of the United States and Western European countries.
The FX Group of Ten includes all Euro members, Australia, Canada, Japan, New Zealand, Norway, Sweden, Switzerland, the United Kingdom (“UK”) and the United States. As of June 30, 2024, the Emerging Markets High Yield Index included 514 below investment grade bonds of 309 issuers. As of the same date, approximately 70% of the Emerging Markets High Yield Index was comprised of Rule 144A securities. Such bonds may include quasi-sovereign bonds. 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 Emerging Markets 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 Emerging Markets High Yield Index and does not take temporary defensive positions that are inconsistent with its investment objective of seeking to replicate the Emerging Markets High Yield Index. Because of the practical difficulties and expense of purchasing all of the securities in the Emerging Markets High Yield Index, the Fund does not purchase all of the securities in the Emerging Markets 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 Emerging Markets High Yield Index in an effort to hold a portfolio of bonds with generally the same risk and return characteristics of the Emerging Markets High Yield Index.
The Fund may concentrate its investments in a particular industry or group of industries to the extent that the Emerging Markets High Yield Index concentrates in an industry or group of industries. As of April 30, 2024, each of the financials, energy, basic materials and industrials sectors represented a significant portion of the Fund.
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HYEM - Performance

Return Ranking - Trailing

Period HYEM Return Category Return Low Category Return High Rank in Category (%)
YTD 11.4% -6.5% 464.5% 5.10%
1 Yr 16.8% -3.7% 491.2% 8.50%
3 Yr 1.5%* -8.2% 58.6% 12.68%
5 Yr 2.5%* -7.4% 29.3% 9.59%
10 Yr 3.8%* -5.5% 14.4% 8.11%

* Annualized

Return Ranking - Calendar

Period HYEM Return Category Return Low Category Return High Rank in Category (%)
2023 1.6% -10.6% 17.8% 93.20%
2022 -18.7% -29.1% -2.4% 56.34%
2021 -6.2% -24.0% 2.7% 33.57%
2020 0.7% -14.0% 9.7% 51.66%
2019 6.0% -6.4% 13.0% 78.28%

Total Return Ranking - Trailing

Period HYEM Return Category Return Low Category Return High Rank in Category (%)
YTD 11.4% -6.5% 464.5% 5.10%
1 Yr 16.8% -3.7% 491.2% 8.50%
3 Yr 1.5%* -8.2% 58.6% 12.68%
5 Yr 2.5%* -7.4% 29.3% 9.59%
10 Yr 3.8%* -5.5% 14.4% 8.11%

* Annualized

Total Return Ranking - Calendar

Period HYEM Return Category Return Low Category Return High Rank in Category (%)
2023 8.3% -0.6% 20.0% 86.73%
2022 -13.4% -27.6% -1.7% 52.82%
2021 -1.3% -18.5% 7.4% 18.93%
2020 6.9% -7.8% 18.0% 26.94%
2019 12.8% -3.0% 23.0% 58.43%

HYEM - Holdings

Concentration Analysis

HYEM Category Low Category High HYEM % Rank
Net Assets 370 M 565 K 14.8 B 44.90%
Number of Holdings 522 4 1860 25.85%
Net Assets in Top 10 46.4 M -134 M 1.25 B 47.62%
Weighting of Top 10 11.97% 5.8% 102.2% 87.29%

Top 10 Holdings

  1. State Street Navigator Securities Lending Government Money Market Portfolio 3.81%
  2. Industrial Commercial Bank of China Ltd 2.19%
  3. Bank of Communications Co Ltd 1.03%
  4. Provincia de Buenos Aires/Government Bonds 0.98%
  5. Teva Pharmaceutical Finance Netherlands III BV 0.95%
  6. Southern Gas Corridor CJSC 0.73%
  7. First Quantum Minerals Ltd 0.62%
  8. Samarco Mineracao SA 0.56%
  9. First Quantum Minerals Ltd 0.55%
  10. DP World Salaam 0.55%

Asset Allocation

Weighting Return Low Return High HYEM % Rank
Bonds 		96.30% 0.00% 105.61% 36.05%
Cash 		3.81% 0.00% 24.01% 52.04%
Convertible Bonds 		1.08% 0.00% 8.47% 19.59%
Stocks 		0.00% -0.01% 96.53% 93.54%
Preferred Stocks 		0.00% 0.00% 2.76% 92.86%
Other 		0.00% -13.89% 86.73% 67.69%

Bond Sector Breakdown

Weighting Return Low Return High HYEM % Rank
Corporate 		86.37% 0.00% 91.26% 7.22%
Government 		10.88% 0.00% 99.79% 89.69%
Cash & Equivalents 		3.81% 0.00% 23.23% 36.39%
Securitized 		0.80% 0.00% 2.41% 6.87%
Derivative 		0.00% -3.00% 13.76% 55.78%
Municipal 		0.00% 0.00% 0.00% 91.75%

Bond Geographic Breakdown

Weighting Return Low Return High HYEM % Rank
US 		96.30% -42.31% 99.15% 13.61%
Non US 		0.00% 0.00% 132.49% 98.64%

HYEM - Expenses

Operational Fees

HYEM Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.40% 0.02% 32.92% 96.59%
Management Fee 0.40% 0.00% 1.10% 7.48%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.02% 0.65% N/A

Sales Fees

HYEM Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.75% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

HYEM Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.75% 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.

HYEM Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 31.00% 0.00% 218.00% 12.45%

HYEM - Distributions

Dividend Yield Analysis

HYEM Category Low Category High HYEM % Rank
Dividend Yield 6.76% 0.00% 22.22% 29.93%

Dividend Distribution Analysis

HYEM Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

HYEM Category Low Category High HYEM % Rank
Net Income Ratio 5.58% -2.28% 8.00% 6.27%

Capital Gain Distribution Analysis

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

Distributions History

View More +

HYEM - Fund Manager Analysis

Managers

Francis Rodilosso

Start Date

Tenure

Tenure Rank

Sep 30, 2012

9.67

9.7%

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
0.15 23.87 6.5 6.11

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