Symbols

HYEM

VanEck Emerging Markets High Yield Bond ETF·NYSE

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Key Stats

Assets Under Management

437.25MUSD

Fund Flows (1Y)

34.52MUSD

Dividend Yield

6.64%

Discount/Premium to NAV

-0.25%

Shares Outstanding

21.90M

Expense Ratio

0.40%

About VanEck Emerging Markets High Yield Bond ETF

Issuer

Van Eck Associates Corporation

Brand

VanEck

Home Page

https://www.vaneck.com/us/en/investments/emerging-markets-high-yield-bond-etf-hyem/

Inception Date

May 8, 2012

Structure

Open-Ended Fund

Index Tracked

ICE BofA Diversified High Yield US Emerging Markets Corporate Plus Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

Van Eck Associates Corp.

Distributor

Van Eck Securities Corp.

HYEM holds dollar-denominated high-yield debt issued in the US or Europe by corporations located in or serving emerging market economies. The fund holds bonds issued by firms from countries ranging from Brazil to the Philippines, and largely ignores bonds with more than 10 years in maturity. This makes for a portfolio with less interest-rate risk and a lower yield than longer-dated portfolios. Constituents of the underlying index are market-value-weighted, capped at 10% per country and 3% per issuer. HYEM uses a sampling method and only holds a subset of securities with approximately the same risk and return characteristics as the index. Rebalancing is done on a monthly basis.