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HYDVanEck Vectors High Yield Muni ETF
Latest Market Updates*
- While spreads have tightened since the March 2020 sell-off, we believe there is room to tighten given the prospects of a faster-than-expected recovery.
- The current recovery is already well under way, helped by a stronger economic and financial foundation, more immediate fiscal and monetary response, and some direct aid to state and local governments.
- Names and sectors that were more affected by the pandemic—such as corporate-backed munis, healthcare and special tax—are likely to drive performance, while tobacco and COFINA (Puerto Rico’s Sales Tax Financing Corporation) may continue to provide good carry and marginal price appreciation.
Fund Description
The VanEck Vectors® High Yield Muni ETF (HYD®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Bloomberg Barclays Municipal Custom High Yield Composite Index (LMEHTR), 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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Fund Ticker
HYD -
Exchange
Cboe -
ETF Structure
Physical -
Administrator
Van Eck Associates -
Custodian
State Street Bank and Trust Company -
Index Ticker
LMEHTR -
Index Rebalancing
Monthly -
2020 Preliminary NAIC
4.C
Designation7
as of 01/25/21
-
30-Day SEC Yield1
2.99% -
Total Net Assets
$3.2B -
Number of Holdings
1882 -
Options
Available -
Gross Expense Ratio2
0.35% -
Net Expense Ratio/TER2
0.35% -
Distribution Frequency
Monthly
1, 2, 7 See Important Disclosure.
Thought Leadership
-
Name
Update Schedule
- Monthly
- Quarterly
- Quarterly
- Quarterly
Documents and Downloads
-
Name
Update Schedule
- Monthly
- Annually
- Annually
- Annually
- Annually
- Annually
- Annually
-
VanEck Vectors Yearend Dividends/Distributions
Annually -
NAV & Premium/Discount History
Daily - Daily
- Daily
Aggregated Cash Flow (ACF)
-
Name
Update Schedule
-
Aggregated Cash Flows – Daily (Maturity)
Daily -
Aggregated Cash Flows – Daily (Worst)
Daily -
Aggregated Cash Flows – Last Month End (Maturity)
Monthly -
Aggregated Cash Flows – Last Month End (Worst)
Monthly -
Aggregated Cash Flows – Last Quarter End (Maturity)
Quarterly -
Aggregated Cash Flows – Last Quarter End (Worst)
Quarterly