HYD
VanEck High Yield Muni ETF
HYD
VanEck High Yield Muni ETF
HYD
VanEck High Yield Muni ETF
HYD
VanEck High Yield Muni ETF
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NAV$51.58
as of December 20, 2024 -
YTD RETURNS4.12%
as of December 20, 2024 -
Total Net Assets$3.18B
as of December 20, 2024 -
Total Expense Ratio0.32%
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Inception Date02/04/2009
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30-Day SEC Yield4.28%
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.
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")