The VanEck International High Yield Bond ETF (IHY) aims to closely track the total returns – both price appreciation and yield – of the ICE BofA Global ex-US Issuers High Yield Constrained Index (HXUS), prior to accounting for its own fees and expenses. This underlying index is composed of high-yield corporate bonds, meaning those rated below investment grade. These bonds are issued by companies located outside the United States and are denominated in U.