VanEck High Yield Muni ETF
HYD
Chicago Board Options Exchange- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 666 Third Avenue, 9th Floor New York NY United States of America 10017
- IPO Date
- Feb 5, 2009
- CIK
- 0001137360
- Website
- vaneck.com
- Similar Companies
- Business
- VanEck High Yield Muni ETF (HYD) is an exchange-traded fund that seeks to replicate, before fees and expenses, the price and yield performance of the ICE Broad High Yield Crossover Municipal Index (MHYX), which tracks the U.S. dollar-denominated high yield, long-term tax-exempt municipal bond market. The fund provides exposure to high-yielding, tax-exempt municipal bonds with maturities generally ranging from 1 to 30 years, including lower-rated investment-grade bonds for enhanced liquidity and diverse sector allocations such as transportation, tobacco settlement, sales tax financing, and development authorities; top holdings include Buckeye Tobacco Settlement Financing Authority, Puerto Rico Sales Tax Financing Corp, New York Transportation Development Corp, and California Infrastructure & Economic Development Authority bonds. Launched on February 4, 2009, and managed by VanEck based in New York, HYD operates primarily in the U.S. fixed income market, targeting income-focused investors comfortable with elevated credit risk in the national municipal high yield segment, with approximately 1,667 holdings, total net assets of $3.95 billion, a 0.32% expense ratio, and a 30-day SEC yield of 4.42% as of December 16, 2025. In recent years, the fund has maintained steady institutional interest, evidenced by position increases from investors such as Envestnet Asset Management Inc. in 2025 and ongoing portfolio adjustments by firms like Morgan Stanley, amid a favorable environment for high-yield munis highlighted in market analyses as a contrarian income opportunity. No major acquisitions, partnerships, funding rounds, or index changes specific to HYD have been reported in the last 1-2 years, with performance reflecting broader municipal bond market dynamics including YTD returns of 2.42% as of December 16, 2025.