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HYD
VanEck High Yield Muni ETF

HYD
VanEck High Yield Muni ETF

  • NAV
    $52.57

    as of December 03, 2024
  • YTD RETURNS
    5.79%

    as of December 03, 2024
  • Total Net Assets
    $3.26B

    as of December 03, 2024
  • Total Expense Ratio
    0.32%
  • Inception Date
    02/04/2009
  • 30-Day SEC Yield
    4.21%

Fund Description

The VanEck High Yield Muni ETF (HYD®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the ICE Broad High Yield Crossover Municipal Index (MHYX), which is intended to track the overall performance of the U.S. dollar denominated high yield long-term tax-exempt bond market.

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Overview

Fund Highlights

  • High-Yield Muni Focus
    Underlying Index comprised of highest-yielding municipal bonds with income generally exempt from federal taxes

  • Enhanced Liquidity Feature
    Index includes 25% BBB and 5% A investment-grade exposure as well as a 30% cap on non-rated bonds for enhanced liquidity

  • Diverse Sector Exposure and Low Default Rates
    Index covers wide range of muni sectors and securities with historically low default rates (Source: Moody’s Investors Services; "U.S. Municipal Bond Defaults and Recoveries, 1970-2019")

Performance

Fees

Holdings

Portfolio

Distributions

Team

Literature

HYD