Filings Digest
Two Research Affiliates ETFs will charge more, and Anthropic funds are effective but not trading
VanEck International High Yield Bond ETF
$20.79−0.03 (−0.14%)
- 0.40%
- $39M
- +1.5%
- 6.12%
- 9.68K sh
- low $20.54high $22.50
The ETF.net IHY Grade
B
Score 62 out of 100
- 5 of 13
Score 62 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A70 out of 100Rank 3 of 13Mission
Whether the fund did what it promised, tested against its stated mandate.A75 out of 100Rank 7 of 11Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D38 out of 100Rank 12 of 13Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C42 out of 100Rank 7 of 13Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A77 out of 100Rank 4 of 13Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B61 out of 100Rank 7 of 13
Our read on IHY
In short
BMost high yield ETFs are a bet on American borrowers. IHY flips the map: junk-rated bonds from non-US companies only, issued in dollars, euros, sterling and Canadian dollars, with no issuer allowed to hog the portfolio.
Stated mandate
The fund seeks to track, before fees and expenses, the price and yield performance of the ICE BofA Global ex-US Issuers High Yield Constrained Index.
Why people hold it
Worth knowing
IHY Holdings
- Other
- 497
- 6%
- Electricite De France Sa
Sectors
- Corporate98.7%
- Government1.3%
Geography
- France11.29%
- United Kingdom11.00%
- Luxembourg10.19%
- Netherlands8.68%
- Canada7.50%
- Mexico4.81%
- Italy4.80%
- United States4.08%
- 37.66%
Developed 71% · Emerging 29%
IHY Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
IHY$10,147
Returns run to the Nov 5, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | IHY |
|---|---|
| Year to date | −0.8% |
| 1 month | +0.7% |
| 3 months | −2.4% |
| 1 year | +1.5% |
| 3 years | +7.6% |
| 5 years | +2.2% |
| 10 years | +3.5% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | IHY |
|---|---|---|
| 2026 YTD | −0.8% | |
| 2025 | +13.4% | |
| 2024 | +3.5% | |
| 2023 | +12.1% | |
| 2022 | −14.3% | |
| 2021 | −2.8% | |
| 2020 | +8.6% |
IHY in the news
IHY Dividends
- 6.12%
- $1.27
- $0.11 per share
- Monthly
IHY Risk
- 6.1%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.59
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −24.2%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.77
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
IHY Cost
Overpaying vs HYDB, tied cheapest in International High Yield Bond
$964
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
IHY 0.40%
$8,090
HYDB 0.35% Tied cheapest
$7,126
Cost over time
Year by year
| Year | IHY | HYDB | Overpaying |
|---|---|---|---|
| 10 | $723 | $634 | $89 |
| 20 | $2,793 | $2,454 | $339 |
| 30 | $8,090 | $7,126 | $964 |
Other funds in International High Yield Bond
- BGHYGiShares US & Intl High Yield Corp Bond ETFExpense ratio 0.40%1 year return +1.4%
- BHYEMVanEck Emerging Markets High Yield Bond ETFExpense ratio 0.40%1 year return +3.3%
- BPGHYInvesco Global ex-US High Yield Corporate Bond ETFExpense ratio 0.35%1 year return +1.7%
- BEMHYiShares J.P. Morgan EM High Yield Bond ETFExpense ratio 0.50%1 year return +3.2%
- CFHYSFederated Hermes Short Duration High Yield ETFExpense ratio 0.50%1 year return +3.7%
