Fund Description
The VanEck High-Yield Municipal Index ETF (HYD) seeks to replicate as closely as possible before fees and expenses the price and yield performance of the Bloomberg Municipal Custom High Yield Composite Index. HYD is the nations first ETF to focus on high-yield munis and tracks an index that has a 25% weighting in investment-grade triple-B bonds and 75% weighting in non-investment grade bonds. In addition 75% of the index is in bonds issued as part of transactions of at least $100 million in size.
Fund Profile
Fund Name VanEck High Yield Municipal Index ETF
Fund Exchange Ticker HYD
Fund Sponsor Van Eck Associates Corporation
Fund ISIN US92189H4092
Net Expense Ratio 0.35 %
Fund Inception Date 4 February 2009
Fund Legal Structure ETF (Open end fund)
Exchange BATS
Listing Country Code US
Fund Investment Objective
ETF Type Specific Bonds - Municipal
Asset Class Bonds
Index Linked Passive
Index Name Bloomberg Municipal Custom High Yield Composite Index
Index Provider Bloomberg
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Developed Market Funds
Bond Type Municipal
Credit Quality High Yield
Average Maturity Fund Holds All Maturity Ranges
Bond Currency Denomination USD
Key Statistics
Return As of Date 26 November 2021
Asset Under Management 3646.86 Million (USD)
1 Month Total Return 1.02 %
Year To Date Return 4.16 %
1 Year Total Return 6.11 %
3 Year Annualized Total Return 4.77 %
NAV 62.45
Share Outstanding 58,396,400
Top 10 Holdings (24 November 2021)
Constituent Name Constituent Ticker Constituent Type Weighting
Buckeye Tobacco Settlement Financing Au BOND 0.0223000000
Puerto Rico Sales Tax Financing Corp Sa BOND 0.0089000000
Florida Development Finance Corp BOND 0.0080000000
Puerto Rico Sales Tax Financing Corp Sa BOND 0.0070000000
Florida Development Finance Corp BOND 0.0069000000
New York Liberty Development Corp BOND 0.0067000000
Tsasc Inc/Ny BOND 0.0053000000
California Community Housing Agency BOND 0.0051000000
Chicago Board Of Education BOND 0.0048000000
Metropolitan Pier & Exposition Authorit BOND 0.0047000000