Key stats
About VanEck High Yield Muni ETF
Home page
Inception date
Feb 4, 2009
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Van Eck Associates Corp.
Distributor
Van Eck Securities Corp.
HYD provides exposure to the high-yield municipal ETF space with an issuer-capped index, which produces a different geographic exposure and credit risk profile than the broad market. It holds tax-exempt high-yield bonds of varying maturities, with a tilt towards longer-term securities. The underlying index consists of USD-denominated municipal bonds, allocating 70% to high-yield, 25% to BBB-rated, and 5% to A-rated securities. The index weights its components by market value and rebalances monthly. The fund uses a sampling method in tracking the index, which means it will invest in a sample of securities that collectively have an investment profile similar to that of the underlying index. Prior to March 1, 2022, the fund tracked the Bloomberg Municipal Custom High Yield Composite Index. Then until November 30, 2022, the fund used a transition index to gradually broaden its exposure before tracking its current index.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Municipal
Bonds, Cash & Other100.00%
Municipal97.84%
Cash1.31%
Securitized0.78%
Corporate0.06%
Top 10 holdings
Symbol
Assets
Symbol
Assets
U
U.S. Dollar
1.31%
P
Puerto Rico Sales Tax Fing Corp Sales Tax Rev 5.0% 01-JUL-2058
1.02%
C
California Infrastructure & Economic Dev Bk Rev VAR 01-JAN-2065
1.01%
A
Arkansas St Dev Fin Auth Environmental Impt Rev 5.45% 01-SEP-2052
0.60%
H
Houston Tex Arpt Sys Rev 4.0% 15-JUL-2041
0.58%
P
Puerto Rico Sales Tax Fing Corp Sales Tax Rev 4.329% 01-JUL-2040
0.58%
C
California Mun Fin Auth Spl Fac Rev 4.0% 15-JUL-2029
0.57%
F
Florida Dev Fin Corp Rev 5.0% 01-JUL-2044
0.51%
C
California Statewide Cmntys Dev Auth Rev 5.0% 01-DEC-2041
0.51%
P
Puerto Rico Sales Tax Fing Corp Sales Tax Rev 0.0% 01-JUL-2046
0.48%
Top 10 weight7.17%
1649 total holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
HYD invests in bonds. The fund's major sectors are Municipal, with 97.84% stocks, and Securitized, with 0.78% of the basket. The assets are mostly located in the N/A region.
HYD last dividends amounted to 0.17 USD. The month before, the issuer paid 0.19 USD in dividends, which shows a 9.77% decrease.
HYD assets under management is 3.30 B USD. It's fallen 2.42% over the last month.
HYD fund flows account for 452.84 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, HYD pays dividends to its holders with the dividend yield of 4.37%. The last dividend (May 6, 2025) amounted to 0.17 USD. The dividends are paid monthly.
HYD shares are issued by Van Eck Associates Corp. under the brand VanEck. The ETF was launched on Feb 4, 2009, and its management style is Passive.
HYD expense ratio is 0.32% meaning you'd have to pay 0.32% of your investment to help manage the fund.
HYD follows the ICE Broad High Yield Crossover Municipal. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
HYD invests in bonds.
HYD price has fallen by −0.64% over the last month, and its yearly performance shows a −2.54% decrease. See more dynamics on HYD price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −0.29% over the last month, showed a −3.59% decrease in three-month performance and has increased by 1.61% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −0.29% over the last month, showed a −3.59% decrease in three-month performance and has increased by 1.61% in a year.
HYD trades at a premium (0.07%) meaning the ETF is trading at a higher price than the calculated NAV.