HYEM Fees and Costs — VanEck Emerging Markets High Yield Bond ETF
Data updated: 2026-09-25
The net expense ratio is 0.40%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $34 in broker commissions, and portfolio turnover was 39%.
HYEM Fees and Expenses
Annual operating expenses and sales charges of HYEM. Prospectus, as of September 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.40% |
| Fee waiver | — |
| Net expense ratio | 0.40% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
HYEM Costs Over Time
On $10,000 invested in HYEM, assuming 5% a year before costs, total costs come to $253 over 5 years, cutting the return by 0.42% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.40%) | $42 | $132 | $230 |
| Lost growth on money paid in costs | $0 | $7 | $23 |
| Total costs | $42 | $138 | $253 |
| Value after costs | $10,458 | $11,438 | $12,510 |
| Impact on return, per year | 0.42% | 0.42% | 0.42% |
HYEM Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: $34
- Bought from dealers (principal trades, not a cost): $448.6M
- Portfolio turnover (prospectus): 39%
- Securities on loan, average value: $23.1M
- Net income from securities lending: $204K (0.047% of average net assets)
HYEM Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| SG Americas Securities, LLC | $34 | 100.00% |
HYEM Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $135.3M | 36.82% |
| BofA Securities, Inc. | $45.6M | 12.41% |
| BNY Capital Markets, LLC | $34.8M | 9.48% |
| Jefferies LLC | $32.4M | 8.80% |
| Jane Street Capital, LLC | $29.3M | 7.98% |
| MarketAxess Corporation | $25.8M | 7.03% |
| HSBC Securities (USA) Inc. | $19.2M | 5.24% |
| Citigroup Global Markets Inc. | $16.1M | 4.39% |
| Morgan Stanley & Co. LLC | $14.6M | 3.96% |
| ING Financial Markets LLC | $14.3M | 3.90% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.