us en false false Default
Skip directly to Accessibility Notice
SHYD VanEck Short High Yield Muni ETF Please read important disclosure Close important disclosure false

SHYD
VanEck Short High Yield Muni ETF

SHYD
VanEck Short High Yield Muni ETF

  • NAV
    $22.69

    as of April 22, 2026
  • YTD RETURNS
    0.73%

    as of April 22, 2026
  • Total Net Assets
    $423.10M

    as of April 22, 2026
  • Total Expense Ratio
    0.32%
  • Inception Date
    01/13/2014
  • 30-Day SEC Yield
    3.62%
Buy Now
Let's Connect
Subscribe
Related Insights

Overview

Why SHYD

  • High-Yield Muni Focus

    Underlying Index comprised of highest-yielding municipal bonds with income generally exempt from federal taxes, focused on the 1-12 year maturity range.

  • Enhanced Liquidity Feature

    Index includes 20% BBB and 10% A investment-grade exposure as well as a 30% cap on non-rated bonds for enhanced liquidity

  • Diversified Credit Quality

    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, 1970-2024"

The VanEck Short High Yield Muni ETF (SHYD®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of ICE 1-12 Year Broad High Yield Crossover Municipal Index (MIHX), which is intended to track the overall performance of the U.S. dollar denominated high yield short-term tax-exempt bond market.

Yields  as of  04/22/2026

Distribution Frequency

Monthly

30-Day SEC Yield

3.62%

Distribution Yield

4.04%

12 Month Yield

3.57%

Yield information reflects temporary waivers of expenses and/or fees. Yields would have been reduced had these fees/expenses been included. In the absence of temporary expense waivers or reimbursements, the 30-Day SEC Yield for VanEck Short High Yield Muni ETF would have been 3.62% on 04/22/26. Distributions may vary from time to time.

Performance

Average Annual Total Returns* (%)

View All ETFs View All Indices
  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE 01/13/14
SHYD (NAV) -1.69 -0.03 -0.03 3.78 3.60 1.06 2.00 2.24
SHYD (Market Price) -1.60 -0.52 -0.52 4.39 3.90 1.00 2.02 2.27
ICE 1-12 Year Broad High Yield Crossover Municipal Index (Index) -1.46 0.02 0.02 3.64 4.21 2.44 3.33 3.79
  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE 01/13/14
SHYD (NAV) -1.69 -0.03 -0.03 3.78 3.60 1.06 2.00 2.24
SHYD (Market Price) -1.60 -0.52 -0.52 4.39 3.90 1.00 2.02 2.27
ICE 1-12 Year Broad High Yield Crossover Municipal Index (Index) -1.46 0.02 0.02 3.64 4.21 2.44 3.33 3.79

*Returns less than one year are not annualized.

Index data prior to March 1, 2022 reflects that of the Bloomberg Municipal High Yield Short Duration Index (BMHYTR). From March 1, 2022 to November 30, 2022 the index data reflects that of the ICE 1-12 Year High Yield Crossover Municipal Bond Transition Index (MXIT). From December 1, 2022 forward, the index data reflects that of the Fund's underlying index, the ICE 1-12 Year Broad High Yield Crossover Municipal Index (MIHX) and is not intended for third party use.

The performance data quoted represents past performance. Past performance is not a guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance may be lower or higher than performance data quoted. Please call 800.826.2333 or visit vaneck.com for performance current to the most recent month ended.

Holdings

Daily Holdings (%) as of 04/22/2026

Download XLS Get holdings
Total Holdings: 544
Holding Name
% of Net Assets
 Coupon
Maturity
Market Value (US$)
California Municipal Finance Authority
1.60
 4.000
07/15/2029
6,757,868
Patriots Energy Group Financing Agency
1.30
 5.250
10/01/2054
5,479,325
Commonwealth Of Puerto Rico
1.04
 5.750
07/01/2031
4,407,346
Commonwealth Of Puerto Rico
0.96
 4.000
07/01/2033
4,064,439
Greater Orlando Aviation Authority
0.95
 5.500
11/01/2037
4,004,729
City & County Of Denver Co
0.93
 5.000
10/01/2032
3,941,148
Black Belt Energy Gas District
0.91
 5.000
12/01/2055
3,835,926
Baldwin County Industrial Development A
0.86
 5.000
06/01/2055
3,646,863
Mission Economic Development Corp
0.82
 4.625
10/01/2031
3,470,485
California Infrastructure & Economic De
0.77
 12.000
01/01/2065
3,262,252
Kentucky Public Energy Authority
0.77
 5.250
06/01/2055
3,239,800
Commonwealth Of Puerto Rico
0.76
 5.625
07/01/2029
3,202,783
New York Transportation Development Cor
0.68
 5.250
08/01/2031
2,885,546
New York Transportation Development Cor
0.63
 5.000
08/01/2031
2,685,403
California Community Choice Financing A
0.63
 5.500
05/01/2054
2,684,120
California Housing Finance Agency
0.60
 4.000
03/20/2033
2,519,529
Chicago Board Of Education
0.59
 5.000
12/01/2036
2,514,122
City Of Houston Tx Airport System Reven
0.59
 5.000
07/01/2029
2,506,479
Chicago Board Of Education
0.56
 5.000
12/01/2034
2,366,677
Metropolitan Transportation Authority
0.55
 5.000
11/15/2035
2,339,317
New York Transportation Development Cor
0.51
 5.000
12/01/2029
2,162,020
Puerto Rico Commonwealth Aqueduct & Sew
0.50
 5.000
07/01/2033
2,135,547
Chicago Board Of Education
0.50
 5.000
12/01/2030
2,109,609
Chicago Board Of Education
0.50
 5.000
12/01/2031
2,103,167
Chicago Board Of Education
0.49
 5.000
12/01/2032
2,092,996
Montgomery County Industrial Developmen
0.49
 4.100
06/01/2029
2,070,589
California Community Choice Financing A
0.49
 5.000
10/01/2055
2,061,389
City Of Houston Tx Airport System Reven
0.49
 5.000
07/15/2027
2,060,625
Black Belt Energy Gas District
0.48
 4.000
12/01/2052
2,050,300
Indiana Finance Authority
0.48
 4.125
12/01/2026
2,045,277
New York Transportation Development Cor
0.48
 3.000
08/01/2031
2,032,151
Ohio Air Quality Development Authority
0.47
 3.250
09/01/2029
2,004,278
New Hampshire Business Finance Authorit
0.44
 4.150
10/20/2040
1,858,416
Brooklyn Arena Local Development Corp
0.44
 5.000
07/15/2030
1,843,138
City Of Houston Tx Airport System Reven
0.43
 5.000
07/15/2027
1,803,047
California Statewide Communities Develo
0.42
 5.250
12/01/2034
1,777,952
Baldwin County Industrial Development A
0.41
 4.300
03/01/2056
1,736,833
Chicago Board Of Education
0.40
 6.000
12/01/2037
1,700,254
County Of Miami-Dade Fl Aviation Revenu
0.40
 5.000
10/01/2034
1,684,529
New York Transportation Development Cor
0.40
 4.000
07/01/2035
1,680,815
Puerto Rico Sales Tax Financing Corp Sa
0.40
 --
07/01/2031
1,675,943
County Of Miami-Dade Fl Aviation Revenu
0.39
 5.000
10/01/2036
1,666,383
Rhode Island Health And Educational Bui
0.39
 5.000
05/15/2031
1,641,645
Greater Orlando Aviation Authority
0.38
 5.500
11/01/2036
1,623,639
Escambia County Health Facilities Autho
0.38
 5.000
08/15/2031
1,598,821
California Community Choice Financing A
0.38
 5.250
01/01/2054
1,596,082
City Of Chicago Il
0.37
 5.000
01/01/2030
1,584,636
Southeast Energy Authority A Cooperativ
0.37
 5.000
11/01/2035
1,580,664
New York Transportation Development Cor
0.37
 5.000
10/01/2035
1,578,981
New York Energy Finance Development Cor
0.37
 5.000
07/01/2056
1,569,021
Chicago Board Of Education
0.37
 5.000
12/01/2033
1,567,606
New York Transportation Development Cor
0.37
 5.000
12/01/2030
1,564,649
City Of Houston Tx Airport System Reven
0.37
 5.000
07/15/2028
1,560,767
Dekalb County Housing Authority
0.37
 4.000
12/01/2033
1,545,824
West Virginia Economic Development Auth
0.36
 4.625
04/15/2055
1,537,860
Tulsa Municipal Airport Trust Trustees/
0.36
 5.500
06/01/2035
1,532,932
Glynn-Brunswick Memorial Hospital Autho
0.36
 5.000
08/01/2034
1,518,241
Commonwealth Of Puerto Rico
0.36
 4.000
07/01/2035
1,513,397
Calhoun County Navigation Industrial De
0.35
 3.625
07/01/2026
1,470,788
Chicago Board Of Education
0.34
 5.000
12/01/2033
1,453,674
City Of Henderson Ky
0.34
 3.700
01/01/2032
1,436,354
New Jersey Economic Development Authori
0.34
 5.250
09/15/2029
1,424,923
Chicago Board Of Education
0.33
 --
12/01/2028
1,384,334
New Hampshire Business Finance Authorit
0.33
 4.125
01/20/2034
1,379,155
Maricopa County Industrial Development
0.32
 4.000
07/01/2029
1,364,015
Chicago Board Of Education
0.32
 5.125
12/01/2032
1,346,999
Chicago Board Of Education
0.31
 5.000
12/01/2029
1,314,382
Chicago Board Of Education
0.31
 5.000
12/01/2030
1,309,702
California Community Choice Financing A
0.30
 5.000
01/01/2055
1,286,949
Matagorda County Navigation District No
0.30
 4.000
06/01/2030
1,270,378
New York Transportation Development Cor
0.30
 5.000
07/01/2034
1,250,313
Austin Convention Enterprises Inc
0.29
 5.000
01/01/2033
1,223,898
Puerto Rico Sales Tax Financing Corp Sa
0.28
 --
07/01/2029
1,180,678
New Jersey Economic Development Authori
0.28
 4.000
07/01/2032
1,175,367
Capital Trust Agency Inc
0.28
 3.375
07/01/2031
1,173,108
County Of Allen Oh Hospital Facilities
0.28
 5.000
11/01/2034
1,164,950
Great Lakes Water Authority Water Suppl
0.27
 5.000
07/01/2034
1,160,384
Puerto Rico Sales Tax Financing Corp Sa
0.27
 --
07/01/2033
1,159,946
City Of Los Angeles Department Of Airpo
0.27
 5.000
05/15/2035
1,152,906
California Health Facilities Financing
0.27
 5.000
12/01/2035
1,151,135
Metropolitan Pier & Exposition Authorit
0.27
 --
12/15/2033
1,149,168
District Of Columbia Water & Sewer Auth
0.27
 5.000
10/01/2037
1,140,621
Monroe County Industrial Development Co
0.27
 5.000
12/01/2034
1,136,904
California Health Facilities Financing
0.27
 5.000
12/01/2034
1,132,129
State Of Illinois
0.27
 5.000
09/01/2034
1,130,188
New Jersey Economic Development Authori
0.27
 5.750
09/15/2027
1,129,010
Dallas Fort Worth International Airport
0.27
 5.000
11/01/2036
1,128,202
Massachusetts Development Finance Agenc
0.27
 5.000
07/01/2035
1,128,043
Parish Of St James La
0.27
 6.100
12/01/2040
1,125,460
City Of Salt Lake City Ut Airport Reven
0.27
 5.000
07/01/2037
1,124,161
San Joaquin Valley Clean Energy Authori
0.27
 5.500
01/01/2056
1,122,737
Columbus Regional Airport Authority
0.26
 5.000
01/01/2036
1,119,273
Trust For Cultural Resources Of The Cit
0.26
 5.000
12/01/2032
1,114,816
Virginia Beach Development Authority
0.26
 5.750
09/01/2033
1,112,996
California Community Choice Financing A
0.26
 5.000
10/01/2056
1,106,366
New York Transportation Development Cor
0.26
 6.000
04/01/2035
1,105,810
Pennsylvania Economic Development Finan
0.26
 5.000
06/30/2032
1,103,387
California Community Choice Financing A
0.26
 5.000
02/01/2055
1,093,808
Territory Of Guam
0.26
 5.000
01/01/2031
1,089,560
Southeast Energy Authority A Cooperativ
0.26
 5.500
01/01/2053
1,087,588
Tennessee Energy Acquisition Corp
0.26
 5.000
05/01/2052
1,087,271
Chicago Board Of Education
0.26
 5.500
12/01/2031
1,086,975
Salt Verde Financial Corp
0.26
 5.000
12/01/2037
1,086,260
Central Plains Energy Project
0.26
 5.000
08/01/2055
1,083,848
Texas Municipal Gas Acquisition & Suppl
0.26
 5.000
12/15/2030
1,083,326
Texas Municipal Gas Acquisition & Suppl
0.26
 5.000
01/01/2055
1,083,020
Southeast Alabama Gas Supply District/T
0.26
 5.000
06/01/2049
1,082,873
Kentucky Public Energy Authority
0.26
 5.000
05/01/2036
1,081,086
City Of Houston Tx Airport System Reven
0.25
 5.500
07/15/2037
1,077,775
Territory Of Guam
0.25
 5.000
01/01/2030
1,076,933
Puerto Rico Commonwealth Aqueduct & Sew
0.25
 5.000
07/01/2030
1,075,138
Virginia Small Business Financing Autho
0.25
 5.000
12/01/2034
1,071,618
California Community Choice Financing A
0.25
 5.000
02/01/2055
1,071,173
Indiana Finance Authority
0.25
 4.250
11/01/2030
1,069,509
New Jersey Health Care Facilities Finan
0.25
 5.000
07/01/2029
1,068,340
Southern California Public Power Author
0.25
 5.000
07/01/2053
1,066,900
California Community Choice Financing A
0.25
 5.250
11/01/2054
1,066,355
Central Plains Energy Project
0.25
 5.000
09/01/2031
1,064,284
Calcasieu Parish Memorial Hospital Serv
0.25
 5.000
12/01/2027
1,058,676
California Community Choice Financing A
0.25
 5.000
12/01/2053
1,058,626
City Of Coralville Ia
0.25
 4.000
06/01/2029
1,057,441
City Of Houston Tx Airport System Reven
0.25
 5.250
07/15/2028
1,051,683
Chicago Board Of Education
0.25
 5.000
12/01/2029
1,051,505
City Of Minneapolis Mn
0.25
 5.000
11/15/2035
1,050,401
Puerto Rico Commonwealth Aqueduct & Sew
0.25
 5.000
07/01/2028
1,049,807
Minnesota Municipal Gas Agency
0.25
 5.000
09/01/2035
1,048,934
Matching Fund Special Purpose Securitiz
0.25
 5.000
10/01/2032
1,048,717
California Community Choice Financing A
0.25
 5.000
08/01/2055
1,048,151
Build Nyc Resource Corp
0.25
 5.000
06/01/2036
1,047,913
Chicago Board Of Education
0.25
 5.000
12/01/2030
1,047,761
New York City Housing Development Corp
0.25
 3.950
11/01/2064
1,042,390
California Municipal Finance Authority
0.25
 5.000
12/31/2037
1,040,687
Washington State Convention Center Publ
0.25
 4.000
07/01/2031
1,040,075
Commonwealth Of Puerto Rico
0.25
 5.625
07/01/2027
1,036,812
New York City Housing Development Corp
0.24
 3.750
05/01/2065
1,035,818
New Jersey Economic Development Authori
0.24
 5.000
07/01/2033
1,031,235
Chicago Board Of Education
0.24
 5.000
12/01/2037
1,027,407
New Jersey Economic Development Authori
0.24
 5.625
11/15/2030
1,026,399
New York Transportation Development Cor
0.24
 4.000
10/01/2030
1,024,995
New York State Housing Finance Agency
0.24
 3.600
11/01/2064
1,024,982
Puerto Rico Electric Power Authority
0.24
 5.250
07/01/2033
1,024,832
New York Liberty Development Corp
0.24
 5.150
11/15/2034
1,023,625
Florida Local Government Finance Commis
0.24
 4.200
11/15/2030
1,022,983
Vermont Educational & Health Buildings
0.24
 5.000
12/01/2031
1,021,558
Public Finance Authority
0.24
 4.300
11/01/2030
1,020,660
Lee County Industrial Development Autho
0.24
 4.125
11/15/2029
1,019,640
Guam Power Authority
0.24
 5.000
10/01/2033
1,016,199
Washington State Housing Finance Commis
0.24
 4.375
01/01/2033
1,015,985
Virginia Beach Development Authority
0.24
 5.750
09/01/2030
1,014,266
Puerto Rico Sales Tax Financing Corp Sa
0.24
 4.500
07/01/2034
1,014,217
Black Belt Energy Gas District
0.24
 5.000
10/01/2035
1,014,050
Oklahoma Development Finance Authority
0.24
 5.000
08/15/2026
1,013,474
New York Transportation Development Cor
0.24
 4.000
07/01/2031
1,012,571
South Carolina Jobs-Economic Developmen
0.24
 5.500
06/15/2033
1,009,621
Rhode Island Health And Educational Bui
0.24
 5.000
09/01/2031
1,008,701
Compton Public Finance Authority
0.24
 4.500
09/01/2032
1,006,892
Build Nyc Resource Corp
0.24
 5.000
12/15/2031
1,003,757
New York City Housing Development Corp
0.24
 3.125
11/01/2065
1,001,481
Ohio Air Quality Development Authority
0.23
 4.250
08/01/2029
991,708
New York State Dormitory Authority
0.23
 5.000
08/01/2030
988,970
New York State Environmental Facilities
0.23
 3.750
12/01/2044
985,545
Ohio Air Quality Development Authority
0.23
 2.600
06/01/2041
984,051
California Municipal Finance Authority
0.23
 3.500
12/31/2035
977,333
Windler Public Improvement Authority
0.23
 4.000
12/01/2031
973,446
County Of Miami-Dade Seaport Department
0.22
 5.000
10/01/2036
948,145
City Of Farmington Nm
0.22
 1.800
04/01/2029
944,814
Allentown Neighborhood Improvement Zone
0.22
 5.000
05/01/2028
934,382
Industrial Development Authority Of The
0.22
 5.000
07/01/2035
914,328
Territory Of Guam
0.21
 4.000
01/01/2036
905,672
Connecticut State Health & Educational
0.21
 5.000
07/01/2029
903,458
Colorado Health Facilities Authority
0.21
 3.500
05/15/2030
903,142
Puerto Rico Sales Tax Financing Corp Sa
0.21
 --
07/01/2029
902,659
City Of Los Angeles Department Of Airpo
0.20
 5.000
05/15/2030
828,918
Wisconsin Health & Educational Faciliti
0.20
 3.000
08/15/2026
828,832
Arizona Industrial Development Authorit
0.19
 4.750
07/01/2029
817,141
County Of Miami-Dade Fl Aviation Revenu
0.19
 5.000
10/01/2035
816,538
Louisiana Local Government Environmenta
0.19
 3.500
11/01/2032
806,635
Puerto Rico Municipal Finance Agency
0.19
 5.000
08/01/2030
791,461
New Jersey Economic Development Authori
0.19
 4.000
06/15/2029
784,155
California Community Choice Financing A
0.18
 5.000
01/01/2056
782,301
Metropolitan Nashville Airport Authorit
0.18
 5.000
07/01/2038
781,539
County Of Cuyahoga Oh
0.18
 5.000
05/15/2032
779,000
Florida Higher Educational Facilities F
0.18
 5.000
07/01/2035
772,814
County Of Sullivan Ny
0.18
 4.850
11/01/2031
772,219
Eastern Illinois Economic Development A
0.18
 5.000
11/01/2033
771,241
State Of Illinois
0.18
 5.000
03/01/2033
762,235
Arkansas Development Finance Authority
0.18
 4.250
09/01/2046
749,022
Philadelphia Gas Works Co
0.18
 5.000
10/01/2031
745,024
New Memphis Arena Public Building Autho
0.18
 --
04/01/2033
743,098
Chicago Board Of Education
0.17
 --
12/01/2028
726,433
Puerto Rico Electric Power Authority
0.17
 5.250
07/01/2032
719,659
Florida Development Finance Corp
0.17
 5.000
07/01/2035
713,194
Colorado State University Research Foun
0.17
 5.000
03/01/2035
711,885
Washington State Housing Finance Commis
0.17
 3.500
12/20/2035
709,559
M-S-R Energy Authority
0.17
 6.125
11/01/2029
699,147
Central Plains Energy Project
0.16
 5.000
09/01/2034
692,037
Monroe County Industrial Development Co
0.16
 4.000
12/01/2035
685,931
Public Finance Authority
0.16
 5.000
12/01/2027
670,392
Virginia Small Business Financing Autho
0.15
 4.000
01/01/2031
655,590
Metropolitan Pier & Exposition Authorit
0.15
 --
06/15/2030
652,226
Detroit Regional Convention Facility Au
0.15
 5.000
10/01/2035
644,423
Metropolitan Washington Airports Author
0.15
 --
10/01/2037
640,907
City Of Minneapolis Mn
0.15
 5.000
11/15/2034
636,962
New Hope Cultural Education Facilities
0.15
 4.000
07/01/2028
632,939
California Municipal Finance Authority
0.15
 5.000
06/30/2027
630,693
M-S-R Energy Authority
0.15
 7.000
11/01/2034
618,420
City Of Wichita Ks
0.15
 5.000
05/15/2034
617,921
Denver Convention Center Hotel Authorit
0.15
 5.000
12/01/2027
617,556
City Of Farmington Nm
0.15
 2.150
04/01/2033
614,779
New Jersey Economic Development Authori
0.14
 4.000
07/01/2034
608,377
State Of Nevada Department Of Business
0.14
 12.000
01/01/2065
601,452
North Carolina Medical Care Commission
0.14
 5.000
10/01/2033
593,084
Allentown Neighborhood Improvement Zone
0.14
 5.000
05/01/2028
582,756
New York State Thruway Authority
0.14
 5.000
01/01/2038
582,020
Massachusetts Development Finance Agenc
0.14
 5.000
07/01/2034
580,192
Illinois Sports Facilities Authority/Th
0.14
 5.000
06/15/2029
579,984
Kalamazoo Economic Development Corp
0.14
 3.900
08/15/2031
579,635
Los Angeles Department Of Water & Power
0.14
 5.000
07/01/2035
578,163
New Jersey Transportation Trust Fund Au
0.14
 5.000
06/15/2036
577,844
Chicago Board Of Education
0.14
 5.000
12/01/2030
577,485
City Of Los Angeles Department Of Airpo
0.14
 5.000
05/15/2035
576,453
Connecticut State Health & Educational
0.14
 5.000
07/01/2033
571,492
San Francisco City & County Airport Com
0.13
 5.000
05/01/2033
570,472
Miami Beach Redevelopment Agency
0.13
 5.000
02/01/2036
568,444
Territory Of Guam
0.13
 5.000
01/01/2035
567,153
City Of Philadelphia Pa Airport Revenue
0.13
 5.000
07/01/2034
566,711
Chicago O'Hare International Airport
0.13
 5.000
01/01/2032
565,938
Monroe County Industrial Development Co
0.13
 4.000
01/01/2030
563,128
North Carolina Medical Care Commission
0.13
 5.000
09/01/2034
561,099
New Jersey Educational Facilities Autho
0.13
 5.000
07/01/2064
560,120
Dallas Fort Worth International Airport
0.13
 5.000
11/01/2031
559,739
Harris County-Houston Sports Authority
0.13
 5.000
11/15/2030
558,617
Kentucky Bond Development Corp
0.13
 5.000
08/15/2055
558,303
Metropolitan Nashville Airport Authorit
0.13
 5.250
07/01/2035
558,299
County Of Jefferson Al Sewer Revenue
0.13
 5.000
10/01/2035
555,884
California Community Choice Financing A
0.13
 5.000
12/01/2035
555,615
Connecticut State Health & Educational
0.13
 5.000
07/01/2064
554,790
New Hampshire Business Finance Authorit
0.13
 5.375
12/15/2035
554,589
City Of Atlanta Ga Department Of Aviati
0.13
 5.000
07/01/2030
549,416
California Community Choice Financing A
0.13
 5.000
03/01/2056
548,925
City Of Philadelphia Pa Airport Revenue
0.13
 5.000
07/01/2030
547,365
Delaware Valley Regional Finance Author
0.13
 5.500
08/01/2028
547,301
Energy Southeast A Cooperative District
0.13
 5.250
07/01/2054
546,670
San Francisco City & County Airport Com
0.13
 5.000
05/01/2029
544,869
San Francisco City & County Airport Com
0.13
 5.000
05/01/2029
544,869
Monroe County Industrial Development Co
0.13
 5.000
12/01/2031
543,721
California Community Choice Financing A
0.13
 5.000
04/01/2056
543,696
Tennergy Corp/Tn
0.13
 5.500
10/01/2053
543,603
West Virginia Economic Development Auth
0.13
 5.450
01/01/2055
543,066
Virginia Small Business Financing Autho
0.13
 5.000
01/01/2034
542,228
Black Belt Energy Gas District
0.13
 5.000
12/01/2035
541,298
Main Street Natural Gas Inc
0.13
 5.000
05/01/2055
540,863
California Municipal Finance Authority
0.13
 5.000
06/30/2032
540,585
Texas Municipal Gas Acquisition And Sup
0.13
 5.000
01/01/2036
539,673
Central Valley Energy Authority
0.13
 5.000
08/01/2034
539,410
City Of Houston Tx Airport System Reven
0.13
 5.250
07/15/2034
539,213
Lower Alabama Gas District/The
0.13
 5.000
12/01/2033
538,839
Virginia Small Business Financing Autho
0.13
 5.000
07/01/2035
538,014
Main Street Energy Inc
0.13
 5.000
12/01/2033
537,685
California Community Choice Financing A
0.13
 5.000
02/01/2031
537,209
Kentucky Public Energy Authority
0.13
 5.000
01/01/2055
537,099
Southeast Energy Authority A Cooperativ
0.13
 5.000
10/01/2030
536,402
New York City Industrial Development Ag
0.13
 5.000
03/01/2029
535,255
City Of Houston Tx Airport System Reven
0.13
 5.250
07/15/2030
534,627
Arlington Higher Education Finance Corp
0.13
 5.000
06/15/2035
534,457
City Of Grand Forks Nd
0.13
 5.000
12/01/2034
534,209
Massachusetts Development Finance Agenc
0.13
 5.000
07/01/2029
533,083
Capital Trust Agency Inc
0.13
 4.000
06/15/2031
531,631
California Community Choice Financing A
0.13
 5.000
07/01/2053
530,675
Black Belt Energy Gas District
0.13
 5.000
12/01/2034
529,985
Black Belt Energy Gas District
0.13
 5.000
07/01/2033
529,552
Black Belt Energy Gas District
0.13
 5.000
10/01/2035
529,417
Illinois Finance Authority
0.12
 4.800
12/01/2043
525,750
Metropolitan Pier & Exposition Authorit
0.12
 5.000
12/15/2028
524,746
Puerto Rico Electric Power Authority
0.12
 5.250
07/01/2029
524,598
Texas Municipal Gas Acquisition & Suppl
0.12
 --
04/01/2036
524,403
Monroe County Industrial Development Co
0.12
 5.000
07/01/2034
524,195
Cleveland-Cuyahoga County Port Authorit
0.12
 5.250
01/01/2034
523,942
California Public Finance Authority
0.12
 5.700
06/01/2034
523,835
Black Belt Energy Gas District
0.12
 5.250
05/01/2056
523,150
San Francisco City & County Airport Com
0.12
 5.000
05/01/2027
522,687
Louisiana Public Facilities Authority
0.12
 5.000
12/15/2034
521,848
Stamford Housing Authority
0.12
 4.750
10/01/2032
520,330
City Of Houston Tx Airport System Reven
0.12
 5.000
07/15/2028
520,256
St Louis County Industrial Development
0.12
 5.000
09/01/2028
519,206
Long Island Power Authority
0.12
 5.000
09/01/2032
518,907
Energy Southeast A Cooperative District
0.12
 5.000
09/01/2033
518,504
Chicago Board Of Education
0.12
 5.000
12/01/2027
518,291
Black Belt Energy Gas District
0.12
 5.000
07/01/2028
517,726
County Of Cook Il
0.12
 5.000
11/15/2028
517,575
Oklahoma County Finance Authority
0.12
 5.250
06/15/2034
517,360
Metropolitan Transportation Authority
0.12
 5.000
11/15/2031
516,447
County Of Okaloosa Fl
0.12
 4.375
05/15/2035
516,389
Public Finance Authority
0.12
 5.000
10/01/2034
516,338
Chicago Board Of Education
0.12
 --
12/01/2029
515,291
Public Finance Authority
0.12
 6.000
07/01/2060
515,156
New Hampshire Business Finance Authorit
0.12
 4.750
06/20/2041
515,106
Puerto Rico Electric Power Authority
0.12
 5.250
07/01/2030
515,097
Village Community Development District
0.12
 4.000
05/01/2034
514,715
Atlanta Development Authority/The
0.12
 5.000
04/01/2034
514,595
North Carolina Turnpike Authority
0.12
 5.000
01/01/2032
514,500
Central Plains Energy Project
0.12
 5.000
09/01/2027
514,146
Alabama Special Care Facilities Financi
0.12
 5.500
06/01/2030
511,314
Polk County Industrial Development Auth
0.12
 4.825
06/15/2035
511,041
County Of Muskingum Oh
0.12
 5.000
02/15/2027
510,911
Florida Development Finance Corp
0.12
 5.000
10/01/2032
510,594
South Carolina Jobs-Economic Developmen
0.12
 4.000
12/01/2030
510,444
Black Belt Energy Gas District
0.12
 4.000
10/01/2052
510,095
New Jersey Health Care Facilities Finan
0.12
 5.000
07/01/2029
510,029
Austin Convention Enterprises Inc
0.12
 5.000
01/01/2030
510,016
New Jersey Economic Development Authori
0.12
 5.500
01/01/2027
509,869
California Pollution Control Financing
0.12
 5.000
07/01/2037
508,532
Michigan Finance Authority
0.12
 4.000
12/01/2036
508,317
Public Finance Authority
0.12
 5.000
06/15/2036
507,839
Grand Rapids Economic Development Corp
0.12
 4.125
11/01/2030
507,563
State Of Hawaii Department Of Budget &
0.12
 3.100
05/01/2026
507,273
Chicago Board Of Education
0.12
 --
12/01/2029
506,482
Washington State Housing Finance Commis
0.12
 3.950
07/01/2029
506,271
Build Nyc Resource Corp
0.12
 4.250
06/15/2035
506,046
Illinois Finance Authority
0.12
 3.650
05/01/2031
505,971
Florida Development Finance Corp
0.12
 5.000
08/15/2032
505,085
Alameda Corridor Transportation Authori
0.12
 5.000
10/01/2036
505,070
North Carolina Medical Care Commission
0.12
 4.250
09/01/2028
504,268
North Carolina Medical Care Commission
0.12
 3.200
11/01/2030
504,216
City Of Phoenix Civic Improvement Corp
0.12
 4.000
07/01/2037
503,921
Arkansas Development Finance Authority
0.12
 4.000
09/01/2046
500,451
Commonwealth Of Puerto Rico
0.12
 4.000
07/01/2037
496,873
Plaza At Noah's Ark Community Improveme
0.12
 3.000
05/01/2030
489,767
Ohio Air Quality Development Authority
0.12
 2.400
12/01/2038
487,387
State Of Illinois
0.12
 5.000
11/01/2028
486,557
Chicago Board Of Education
0.11
 --
12/01/2026
480,111
New York City Industrial Development Ag
0.11
 3.000
03/01/2036
479,708
Public Finance Authority
0.11
 5.000
06/15/2034
478,563
Allentown Neighborhood Improvement Zone
0.11
 5.000
05/01/2027
474,024
Port Beaumont Navigation District
0.11
 2.625
01/01/2031
472,210
El Centro Financing Authority
0.11
 4.500
07/01/2029
464,196
Maryland Economic Development Corp
0.11
 5.000
06/01/2028
450,362
New Jersey Economic Development Authori
0.11
 4.250
06/15/2026
446,971
New Jersey Economic Development Authori
0.10
 5.250
06/15/2028
443,798
New Hampshire Business Finance Authorit
0.10
 5.950
12/01/2031
443,519
Philadelphia Authority For Industrial D
0.10
 4.000
06/01/2031
442,405
Hoover Industrial Development Board
0.10
 6.375
11/01/2050
442,279
Connecticut State Health & Educational
0.10
 5.000
07/01/2027
440,701
California Statewide Communities Develo
0.10
 3.500
11/01/2027
429,415
New York Transportation Development Cor
0.10
 5.000
07/01/2030
427,038
Albany Hospital Facility Authority
0.10
 3.200
11/15/2029
426,316
Illinois Finance Authority
0.10
 5.000
05/15/2033
423,465
Florida Development Finance Corp
0.10
 4.000
09/15/2030
418,346
Illinois Sports Facilities Authority/Th
0.10
 5.000
06/15/2028
414,855
Metropolitan Pier & Exposition Authorit
0.10
 --
12/15/2030
408,531
Collegiate Charter School Of Lowell
0.10
 5.000
06/15/2029
407,780
Salt Verde Financial Corp
0.10
 5.500
12/01/2029
404,225
New Jersey Transportation Trust Fund Au
0.10
 5.000
06/15/2030
403,352
San Francisco City & County Airport Com
0.09
 5.000
05/01/2034
398,055
Georgia Local Government
0.09
 4.750
06/01/2028
395,925
Arizona Industrial Development Authorit
0.09
 3.625
05/20/2033
390,358
Polk County Industrial Development Auth
0.09
 5.875
01/01/2033
386,000
Washington State Housing Finance Commis
0.09
 5.000
01/01/2031
373,470
District Of Columbia
0.09
 4.000
06/01/2030
372,759
Texas Municipal Gas Acquisition & Suppl
0.09
 5.000
12/15/2028
372,177
Massachusetts Development Finance Agenc
0.09
 5.000
10/01/2029
371,055
New Hampshire Business Finance Authorit
0.09
 5.000
12/01/2028
367,026
City Of Chicago Il
0.09
 4.000
01/01/2030
363,642
California Municipal Finance Authority
0.09
 5.000
05/15/2030
363,387
South Carolina Public Service Authority
0.09
 5.000
12/01/2031
362,825
County Of Cuyahoga Oh
0.08
 5.000
02/15/2027
356,994
New Jersey Economic Development Authori
0.08
 5.125
01/01/2034
356,290
Kentucky Economic Development Finance A
0.08
 5.000
05/15/2036
355,280
State Of Illinois
0.08
 3.500
06/01/2030
354,901
Arizona Industrial Development Authorit
0.08
 4.000
07/01/2029
353,783
New Jersey Transportation Trust Fund Au
0.08
 --
12/15/2026
353,714
Public Finance Authority
0.08
 5.500
12/15/2032
346,460
Kalamazoo Economic Development Corp
0.08
 5.000
08/15/2036
342,173
Northern Illinois Municipal Power Agenc
0.08
 5.000
12/01/2029
340,604
Arizona Industrial Development Authorit
0.08
 4.000
07/15/2030
334,606
State Of Illinois
0.08
 5.000
11/01/2029
332,774
Florida Development Finance Corp
0.08
 5.000
08/01/2056
329,530
Puerto Rico Electric Power Authority
0.08
 5.250
07/01/2026
325,479
Redtail Ridge Metropolitan District
0.08
 --
12/01/2032
321,824
Miami-Dade County Industrial Developmen
0.08
 5.000
06/01/2030
321,294
City & County Of Denver Co Airport Syst
0.07
 5.000
12/01/2029
316,364
Massachusetts Development Finance Agenc
0.07
 5.000
07/01/2028
316,057
Public Finance Authority
0.07
 4.000
09/01/2029
313,817
California Statewide Communities Develo
0.07
 5.000
05/15/2033
307,023
Chicago Board Of Education
0.07
 --
12/01/2026
303,743
Tennessee Energy Acquisition Corp
0.07
 5.250
09/01/2026
294,190
Louisville/Jefferson County Metropolita
0.07
 5.000
10/01/2031
293,022
Village Community Development District
0.07
 3.800
05/01/2028
291,504
Hospitals & Higher Education Facilities
0.07
 5.000
07/01/2029
283,403
Harris County-Houston Sports Authority
0.07
 --
11/15/2029
283,135
Public Finance Authority
0.07
 4.250
05/01/2029
281,374
Dutchess County Local Development Corp
0.07
 5.000
07/01/2028
280,060
Town Of Hamden Ct
0.07
 5.000
01/01/2030
279,422
California Health Facilities Financing
0.07
 5.000
10/01/2050
278,996
Allentown Neighborhood Improvement Zone
0.07
 5.500
05/01/2032
278,219
Clark County School District
0.07
 5.000
06/15/2030
277,851
Dutchess County Local Development Corp
0.07
 5.000
07/01/2030
274,935
California Municipal Finance Authority
0.06
 5.000
06/30/2031
273,919
Clark County School District
0.06
 5.000
06/15/2029
272,753
Clark County School District
0.06
 5.000
06/15/2030
272,414
California Municipal Finance Authority
0.06
 5.000
11/01/2035
271,250
Energy Southeast A Cooperative District
0.06
 5.000
11/01/2035
270,128
Rum River Special Education Cooperative
0.06
 5.000
02/01/2035
268,694
Public Finance Authority
0.06
 5.000
07/01/2035
266,666
Mission Economic Development Corp
0.06
 5.000
12/01/2064
265,507
City Of Burbank Il
0.06
 5.250
02/01/2036
264,746
Adams County General Authority
0.06
 5.000
06/01/2034
263,600
Selma Industrial Development Board
0.06
 4.200
05/01/2034
263,513
Chicago Board Of Education
0.06
 5.000
12/01/2027
262,610
Arizona Industrial Development Authorit
0.06
 4.875
07/01/2060
262,171
Chicago Board Of Education
0.06
 5.000
12/01/2029
260,172
Tarrant County Cultural Education Facil
0.06
 6.250
11/15/2031
259,547
Illinois Sports Facilities Authority/Th
0.06
 --
06/15/2026
258,717
American Samoa Economic Development Aut
0.06
 5.000
09/01/2028
258,658
City Of Houston Tx Airport System Reven
0.06
 5.000
07/01/2027
257,939
Massachusetts Development Finance Agenc
0.06
 5.500
07/15/2035
257,514
King County Public Hospital District No
0.06
 5.000
12/01/2032
257,326
New York State Dormitory Authority
0.06
 5.000
07/01/2027
257,272
Oklahoma Development Finance Authority
0.06
 5.000
08/15/2027
257,265
Capital Projects Finance Authority/Fl
0.06
 5.000
06/15/2035
256,730
Baldwin County Industrial Development A
0.06
 4.625
06/01/2055
256,728
New York City Housing Development Corp
0.06
 5.250
12/15/2031
256,495
California Municipal Finance Authority
0.06
 5.000
11/01/2036
256,442
New Hampshire Business Finance Authorit
0.06
 6.000
12/01/2031
256,317
Chandler Industrial Development Authori
0.06
 4.100
12/01/2037
255,662
City Of Kalispell Mt
0.06
 4.250
05/15/2030
255,388
New York State Environmental Facilities
0.06
 4.250
09/01/2050
255,284
City Of Garden City Ks
0.06
 4.000
06/01/2029
255,228
New York City Housing Development Corp
0.06
 4.000
12/15/2031
254,922
City Of Venice Fl
0.06
 4.250
01/01/2030
253,535
City Of Manhattan Ks
0.06
 3.750
06/01/2031
253,495
County Of Suffolk Ny
0.06
 5.000
10/15/2026
253,451
Public Finance Authority
0.06
 4.000
07/15/2033
253,364
North Carolina Medical Care Commission
0.06
 3.450
11/01/2030
252,284
Kentucky Economic Development Finance A
0.06
 5.375
11/15/2032
251,521
Massachusetts Development Finance Agenc
0.06
 4.000
10/01/2027
251,240
Public Finance Authority
0.06
 4.000
07/15/2034
250,833
Wisconsin Health & Educational Faciliti
0.06
 5.000
07/01/2035
250,470
New Hampshire Business Finance Authorit
0.06
 6.125
12/15/2033
250,327
New Hampshire Business Finance Authorit
0.06
 4.000
11/01/2027
250,058
City Of Anna Tx
0.06
 4.000
09/15/2036
246,290
Hunt Memorial Hospital District Charita
0.06
 4.375
02/15/2036
245,822
Public Finance Authority
0.06
 5.500
11/15/2032
244,998
New Hampshire Business Finance Authorit
0.06
 5.375
12/01/2031
241,975
State Of Illinois Sales Tax Revenue
0.06
 5.000
06/15/2026
239,892
Chicago Board Of Education
0.06
 5.500
12/01/2026
237,161
Sierra Vista Industrial Development Aut
0.06
 5.250
06/15/2035
235,741
Peninsula Town Center Community Develop
0.06
 4.500
09/01/2028
233,516
California Municipal Finance Authority
0.06
 5.000
06/30/2028
232,526
Louisiana Local Government Environmenta
0.05
 4.250
11/15/2030
220,398
Maryland Heights Industrial Development
0.05
 4.375
03/15/2030
215,984
Chicago Board Of Education
0.05
 5.000
12/01/2029
213,169
Iowa Finance Authority
0.05
 4.500
10/01/2035
212,405
New York Transportation Development Cor
0.05
 2.250
08/01/2026
210,670
State Public School Building Authority
0.05
 5.000
06/01/2029
206,704
County Of Palm Beach Fl
0.05
 5.000
04/01/2029
204,367
City Of Baltimore Md
0.05
 4.000
09/01/2027
201,711
California Municipal Finance Authority
0.05
 4.650
05/01/2030
198,817
Village Community Development District
0.05
 3.000
05/01/2029
190,725
Texas Municipal Gas Acquisition And Sup
0.04
 6.250
12/15/2026
187,960
City Of Houston Tx Airport System Reven
0.04
 5.000
07/01/2027
187,300
New Hampshire Business Finance Authorit
0.04
 5.300
12/01/2032
183,754
Huntington Local Development Corp
0.04
 4.000
07/01/2027
180,168
Bl Train Holdings West Llc
0.04
 --
--
180,000
County Of Frederick Md
0.04
 5.000
09/01/2027
176,718
Kentucky Municipal Power Agency
0.04
 5.000
09/01/2030
176,589
Capital Trust Agency Inc
0.04
 5.000
08/01/2027
175,925
Florida Development Finance Corp
0.04
 5.000
07/01/2037
175,799
South Carolina Public Service Authority
0.04
 5.000
12/01/2031
173,803
New Jersey Economic Development Authori
0.04
 4.125
07/01/2030
170,932
New York Transportation Development Cor
0.04
 5.000
08/01/2026
167,010
Yonkers Economic Development Corp
0.04
 4.000
10/15/2029
164,662
Development Authority Of Floyd County
0.04
 5.500
12/01/2028
163,764
Michigan Strategic Fund
0.04
 5.000
06/30/2030
163,223
Chicago Board Of Education
0.04
 --
12/01/2030
160,923
Tobacco Settlement Financing Corp
0.04
 5.000
06/01/2029
159,270
Calcasieu Parish Memorial Hospital Serv
0.04
 5.000
12/01/2029
156,948
California Statewide Communities Develo
0.04
 5.000
07/01/2029
155,130
Development Authority Of The City Of Ma
0.04
 5.000
11/01/2027
154,023
West Virginia Hospital Finance Authorit
0.04
 5.000
06/01/2026
153,280
Industrial Development Authority Of The
0.03
 3.875
11/15/2029
144,247
Metropolitan Pier & Exposition Authorit
0.03
 --
06/15/2034
142,541
New Hampshire Business Finance Authorit
0.03
 5.125
12/15/2030
139,683
Public Finance Authority
0.03
 4.000
02/01/2035
139,435
Amherst Industrial Development Authorit
0.03
 4.750
09/01/2030
138,643
Development Authority Of White County
0.03
 5.000
10/01/2029
136,229
Reno Redevelopment Agency
0.03
 5.400
06/01/2027
133,000
Pennsylvania Economic Development Finan
0.03
 5.000
06/30/2026
132,417
Central Plains Energy Project
0.03
 5.000
09/01/2030
132,240
New Jersey Economic Development Authori
0.03
 4.375
06/15/2027
132,136
Iowa Finance Authority
0.03
 5.000
03/01/2028
131,996
Lees Summit Industrial Development Auth
0.03
 5.000
08/15/2032
127,965
South Carolina Jobs-Economic Developmen
0.03
 4.000
11/15/2027
127,204
Town Of Ramapo Ny
0.03
 4.000
05/15/2027
122,140
Tarrant County Cultural Education Facil
0.03
 4.000
05/15/2027
122,118
Puerto Rico Electric Power Authority
0.03
 4.750
07/01/2033
121,629
Connecticut State Health & Educational
0.03
 4.000
07/01/2030
121,209
New Hampshire Business Finance Authorit
0.03
 --
12/15/2033
119,741
Hospitals & Higher Education Facilities
0.03
 5.000
07/01/2026
117,146
Sa Energy Acquisition Public Facility C
0.03
 5.500
08/01/2027
114,249
Jea Electric System Revenue
0.03
 5.000
10/01/2029
113,939
County Of Cuyahoga Oh
0.03
 5.000
02/15/2028
112,232
Irvine Unified School District
0.03
 5.000
09/01/2026
111,535
Metropolitan Pier & Exposition Authorit
0.03
 --
06/15/2028
107,629
City Of Anderson In
0.03
 4.750
10/01/2027
105,895
Metropolitan Pier & Exposition Authorit
0.02
 --
06/15/2031
105,527
Central Plains Energy Project
0.02
 5.000
09/01/2028
104,033
Brooklyn Arena Local Development Corp
0.02
 5.000
07/15/2027
102,434
Brooklyn Arena Local Development Corp
0.02
 5.000
07/15/2028
102,427
State Of Illinois
0.02
 4.125
11/01/2031
102,272
Pennsylvania Turnpike Commission
0.02
 5.000
06/01/2030
102,237
Public Authority For Colorado Energy
0.02
 6.250
11/15/2028
102,039
Massachusetts Development Finance Agenc
0.02
 5.000
07/01/2028
101,918
Town Of Ramapo Ny
0.02
 4.125
05/15/2028
101,859
Brooklyn Arena Local Development Corp
0.02
 5.000
07/15/2026
101,675
Philadelphia Gas Works Co
0.02
 5.000
10/01/2026
101,329
County Of Howard Md
0.02
 4.000
02/15/2028
100,804
Palomar Health
0.02
 5.000
11/01/2027
91,419
New Hope Cultural Education Facilities
0.02
 5.250
08/15/2027
74,312
Tsasc Inc/Ny
0.02
 5.000
06/01/2027
72,963
Tsasc Inc/Ny
0.02
 5.000
06/01/2028
72,939
California Municipal Finance Authority
0.01
 5.000
02/01/2028
51,281
California Municipal Finance Authority
0.01
 5.000
02/01/2027
51,214
Public Finance Authority
0.01
 4.100
06/15/2026
50,678
City Of St Ann Mo
0.01
 4.625
11/01/2030
40,906
City Of Anoka Mn
0.01
 4.250
11/01/2027
40,637
Philadelphia Authority For Industrial D
0.01
 4.500
03/15/2029
34,118
Illinois Finance Authority
0.01
 5.000
02/15/2027
31,837
Illinois Finance Authority
0.01
 5.400
04/01/2027
30,117
Philadelphia Authority For Industrial D
0.01
 4.500
03/15/2029
26,012
Kentucky Economic Development Finance A
0.01
 5.000
05/15/2026
25,548
Public Finance Authority
0.01
 4.100
06/15/2026
25,397
Housing & Redevelopment Authority Of Th
0.01
 5.000
09/01/2026
25,242
California Pollution Control Financing
0.00
 7.500
07/01/2032
15,300
California Pollution Control Financing
0.00
 7.000
07/01/2026
11,250
Salt Verde Financial Corp
0.00
 5.250
12/01/2028
10,678
County Of Clark Nv
0.00
 2.100
06/01/2031
4,629
New Jersey Transportation Trust Fund Au
0.00
 --
12/15/2032
4,062
Mesquite Health Facilities Development
0.00
 5.000
02/15/2030
1,015
County Of Grand Forks Nd
0.00
 6.625
12/15/2031
30
State Of Nevada Department Of Business
0.00
 5.875
12/15/2027
3
Louisiana Public Facilities Authority
0.00
 7.500
07/01/2026
0
Louisiana Public Facilities Authority
0.00
 7.000
07/01/2026
0
--
5.44
 --
--
23,008,676
Other/Cash
-0.41
 --
--
-1,719,726
← Scroll for more information →
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Portfolio

Sector Weightings (%) as at 03/31/2026

  • Sector

    % of Net Assets

  • Industrial Development Revenue

    20.45

  • Power

    10.60

  • Utilities - Other

    9.40

  • Local GO

    8.78

  • Hospitals

    6.86

  • Tax

    6.51

  • Health

    6.11

  • Education

    5.63

  • Airport

    5.33

  • State GO

    4.31

  • Unassigned

    3.79

  • Multi-Family Housing

    3.01

  • Leasing COPS & Appropriations

    2.58

  • Water & Sewer

    1.63

  • Transportation

    1.51

  • Misc

    1.48

  • Toll & Turnpike

    0.99

  • Pollution Control

    0.90

  • Tobacco

    0.07

  • Refunded

    0.07

Credit Quality (%) as of 03/31/2026

Composite % of Net Assets
Investment Grade AAA 0.27
AA 5.32
A 21.04
BBB 19.04
Non-Investment Grade BB 22.01
B 3.17
CCC 0.31
Total Investment Grade -- 45.68
Total Non-Investment Grade -- 25.49
Not Rated -- 28.83
If more than one rating is available for an underlying security, the lower of the two ratings is used. If a bond issued by a national government, national government agency or supranational issuer is not rated, the issuer’s credit rating will be used. If two issuer ratings are available, the lower of the two is used. If only one rating is available in all scenarios, we will use the rating provided. If no rating is available, the security will be not rated. Not rated securities do not necessarily indicate lower credit quality. Ratings and portfolio credit quality may change over time.

Years to Maturity as at 03/31/2026

  • Years

    Maturity (%)

  • < 1

    4.20

  • 1 - 3

    9.20

  • 3 - 5

    26.20

  • 5 - 7

    24.50

  • 7 - 10

    29.00

  • 10 - 15

    6.90

  • 15 - 20

    0.00

  • 20 - 30

    0.00

  • 30 +

    0.00

Fees

Distributions

Distribution History

Anticipated Frequency: Monthly Dividend Income & Annual Capital Gains
Ex-date Record
Date 		Payable date Dividend
Income‡ 		Short-Term
Capital Gains 		Long-Term
Capital Gains 		Return of
Capital 		Total
Distributions
04/01/2026 04/01/2026 04/07/2026 $ 0.0764 -- -- -- $ 0.08
03/02/2026 03/02/2026 03/05/2026 $ 0.0602 -- -- -- $ 0.06
02/02/2026 02/02/2026 02/05/2026 $ 0.0713 -- -- -- $ 0.07
12/29/2025 12/29/2025 12/31/2025 $ 0.0682 -- -- -- $ 0.07
11/28/2025 11/28/2025 12/03/2025 $ 0.0655 -- -- -- $ 0.07
11/03/2025 11/03/2025 11/06/2025 $ 0.0706 -- -- -- $ 0.07
10/01/2025 10/01/2025 10/06/2025 $ 0.0634 -- -- -- $ 0.06
09/02/2025 09/02/2025 09/05/2025 $ 0.0656 -- -- -- $ 0.07
08/01/2025 08/01/2025 08/06/2025 $ 0.0710 -- -- -- $ 0.07
07/01/2025 07/01/2025 07/07/2025 $ 0.0640 -- -- -- $ 0.06
06/02/2025 06/02/2025 06/05/2025 $ 0.0705 -- -- -- $ 0.07
05/01/2025 05/01/2025 05/06/2025 $ 0.0637 -- -- -- $ 0.06
04/01/2025 04/01/2025 04/04/2025 $ 0.0722 -- -- -- $ 0.07
03/03/2025 03/03/2025 03/06/2025 $ 0.0521 -- -- -- $ 0.05
02/03/2025 02/03/2025 02/06/2025 $ 0.0747 -- -- -- $ 0.07
12/27/2024 12/27/2024 12/30/2024 $ 0.0646 -- -- -- $ 0.06
12/02/2024 12/02/2024 12/05/2024 $ 0.0585 -- -- -- $ 0.06
11/01/2024 11/01/2024 11/06/2024 $ 0.0624 -- -- -- $ 0.06
10/01/2024 10/01/2024 10/04/2024 $ 0.0576 -- -- -- $ 0.06
09/03/2024 09/03/2024 09/06/2024 $ 0.0585 -- -- -- $ 0.06
08/01/2024 08/01/2024 08/06/2024 $ 0.0621 -- -- -- $ 0.06
07/01/2024 07/01/2024 07/05/2024 $ 0.0621 -- -- -- $ 0.06
06/03/2024 06/03/2024 06/06/2024 $ 0.0590 -- -- -- $ 0.06
05/01/2024 05/02/2024 05/07/2024 $ 0.0491 -- -- -- $ 0.05
04/01/2024 04/02/2024 04/05/2024 $ 0.0663 -- -- -- $ 0.07
03/01/2024 03/04/2024 03/07/2024 $ 0.0536 -- -- -- $ 0.05
02/01/2024 02/02/2024 02/07/2024 $ 0.0555 -- -- -- $ 0.06
12/27/2023 12/28/2023 12/29/2023 $ 0.0595 -- -- -- $ 0.06
12/01/2023 12/04/2023 12/07/2023 $ 0.0541 -- -- -- $ 0.05
11/01/2023 11/02/2023 11/07/2023 $ 0.0646 -- -- -- $ 0.06
10/02/2023 10/03/2023 10/06/2023 $ 0.0550 -- -- -- $ 0.06
09/01/2023 09/05/2023 09/08/2023 $ 0.0554 -- -- -- $ 0.06
08/01/2023 08/02/2023 08/10/2023 $ 0.0577 -- -- -- $ 0.06
07/03/2023 07/05/2023 07/07/2023 $ 0.0530 -- -- -- $ 0.05
06/01/2023 06/02/2023 06/07/2023 $ 0.0558 -- -- -- $ 0.06
05/01/2023 05/02/2023 05/05/2023 $ 0.0500 -- -- -- $ 0.05
04/03/2023 04/04/2023 04/10/2023 $ 0.0635 -- -- -- $ 0.06
03/01/2023 03/02/2023 03/07/2023 $ 0.0452 -- -- -- $ 0.05
02/01/2023 02/02/2023 02/07/2023 $ 0.0468 -- -- -- $ 0.05
12/28/2022 12/29/2022 12/30/2022 $ 0.0521 -- -- -- $ 0.05
12/01/2022 12/02/2022 12/07/2022 $ 0.0508 -- -- -- $ 0.05
11/01/2022 11/02/2022 11/07/2022 $ 0.0529 -- -- -- $ 0.05
10/03/2022 10/04/2022 10/07/2022 $ 0.0501 -- -- -- $ 0.05
09/01/2022 09/02/2022 09/08/2022 $ 0.0475 -- -- -- $ 0.05
08/01/2022 08/02/2022 08/05/2022 $ 0.0511 -- -- -- $ 0.05
07/01/2022 07/05/2022 07/08/2022 $ 0.0508 -- -- -- $ 0.05
06/01/2022 06/02/2022 06/07/2022 $ 0.0507 -- -- -- $ 0.05
05/02/2022 05/03/2022 05/06/2022 $ 0.0500 -- -- -- $ 0.05
04/01/2022 04/04/2022 04/07/2022 $ 0.0494 -- -- -- $ 0.05
03/01/2022 03/02/2022 03/07/2022 $ 0.0429 -- -- -- $ 0.04
02/01/2022 02/02/2022 02/07/2022 $ 0.0447 -- -- -- $ 0.04
12/29/2021 12/30/2021 12/31/2021 $ 0.0478 -- -- -- $ 0.05
12/01/2021 12/02/2021 12/07/2021 $ 0.0475 -- -- -- $ 0.05
11/01/2021 11/02/2021 11/05/2021 $ 0.0497 -- -- -- $ 0.05
10/01/2021 10/04/2021 10/07/2021 $ 0.0485 -- -- -- $ 0.05
09/01/2021 09/02/2021 09/08/2021 $ 0.0515 -- -- -- $ 0.05
08/02/2021 08/03/2021 08/06/2021 $ 0.0525 -- -- -- $ 0.05
07/01/2021 07/02/2021 07/08/2021 $ 0.0483 -- -- -- $ 0.05
06/01/2021 06/02/2021 06/07/2021 $ 0.0564 -- -- -- $ 0.06
05/03/2021 05/04/2021 05/07/2021 $ 0.0561 -- -- -- $ 0.06
04/01/2021 04/05/2021 04/08/2021 $ 0.0586 -- -- -- $ 0.06
03/01/2021 03/02/2021 03/05/2021 $ 0.0640 -- -- -- $ 0.06
02/01/2021 02/02/2021 02/05/2021 $ 0.0633 -- -- -- $ 0.06
12/29/2020 12/30/2020 01/05/2021 $ 0.0648 -- -- -- $ 0.06
12/01/2020 12/02/2020 12/07/2020 $ 0.0615 -- -- -- $ 0.06
11/02/2020 11/03/2020 11/06/2020 $ 0.0647 -- -- -- $ 0.06
10/01/2020 10/02/2020 10/07/2020 $ 0.0638 -- -- -- $ 0.06
09/01/2020 09/02/2020 09/08/2020 $ 0.0645 -- -- -- $ 0.06
08/03/2020 08/04/2020 08/07/2020 $ 0.0618 -- -- -- $ 0.06
07/01/2020 07/02/2020 07/08/2020 $ 0.0559 -- -- -- $ 0.06
06/01/2020 06/02/2020 06/05/2020 $ 0.0700 -- -- -- $ 0.07
05/01/2020 05/04/2020 05/07/2020 $ 0.0557 -- -- -- $ 0.06
04/01/2020 04/02/2020 04/07/2020 $ 0.0661 -- -- -- $ 0.07
03/02/2020 03/03/2020 03/06/2020 $ 0.0625 -- -- -- $ 0.06
02/03/2020 02/04/2020 02/07/2020 $ 0.0649 -- -- -- $ 0.06
12/30/2019 12/31/2019 01/06/2020 $ 0.0716 -- -- -- $ 0.07
12/02/2019 12/03/2019 12/06/2019 $ 0.0649 -- -- -- $ 0.06
11/01/2019 11/04/2019 11/07/2019 $ 0.0672 -- -- -- $ 0.07
10/01/2019 10/02/2019 10/07/2019 $ 0.0690 -- -- -- $ 0.07
09/03/2019 09/04/2019 09/09/2019 $ 0.0715 -- -- -- $ 0.07
08/01/2019 08/02/2019 08/07/2019 $ 0.0708 -- -- -- $ 0.07
07/01/2019 07/02/2019 07/08/2019 $ 0.0675 -- -- -- $ 0.07
06/03/2019 06/04/2019 06/07/2019 $ 0.0662 -- -- -- $ 0.07
05/01/2019 05/02/2019 05/07/2019 $ 0.0647 -- -- -- $ 0.06
04/01/2019 04/02/2019 04/05/2019 $ 0.0683 -- -- -- $ 0.07
03/01/2019 03/04/2019 03/07/2019 $ 0.0599 -- -- -- $ 0.06
02/01/2019 02/04/2019 02/07/2019 $ 0.0635 -- -- -- $ 0.06
12/27/2018 12/28/2018 01/03/2019 $ 0.0685 -- -- -- $ 0.07
12/03/2018 12/04/2018 12/07/2018 $ 0.0667 -- -- -- $ 0.07
11/01/2018 11/02/2018 11/07/2018 $ 0.0679 -- -- -- $ 0.07
10/01/2018 10/02/2018 10/05/2018 $ 0.0655 -- -- -- $ 0.07
09/04/2018 09/05/2018 09/10/2018 $ 0.0671 -- -- -- $ 0.07
08/01/2018 08/02/2018 08/07/2018 $ 0.0622 -- -- -- $ 0.06
07/02/2018 07/03/2018 07/09/2018 $ 0.0607 -- -- -- $ 0.06
06/01/2018 06/04/2018 06/07/2018 $ 0.0556 -- -- -- $ 0.06
05/01/2018 05/02/2018 05/07/2018 $ 0.0630 -- -- -- $ 0.06
04/02/2018 04/03/2018 04/06/2018 $ 0.0656 -- -- -- $ 0.07
03/01/2018 03/02/2018 03/07/2018 $ 0.0595 -- -- -- $ 0.06
02/01/2018 02/02/2018 02/07/2018 $ 0.0656 -- -- -- $ 0.07
12/27/2017 12/28/2017 01/03/2018 $ 0.0652 -- -- -- $ 0.07
12/01/2017 12/04/2017 12/07/2017 $ 0.0623 -- -- -- $ 0.06
11/01/2017 11/02/2017 11/07/2017 $ 0.0653 -- -- -- $ 0.07
10/02/2017 10/03/2017 10/06/2017 $ 0.0626 -- -- -- $ 0.06
09/01/2017 09/06/2017 09/08/2017 $ 0.0577 -- -- -- $ 0.06
08/01/2017 08/03/2017 08/07/2017 $ 0.0590 -- -- -- $ 0.06
07/03/2017 07/06/2017 07/10/2017 $ 0.0670 -- -- -- $ 0.07
06/01/2017 06/05/2017 06/07/2017 $ 0.0647 -- -- -- $ 0.06
05/01/2017 05/03/2017 05/05/2017 $ 0.0622 -- -- -- $ 0.06
04/03/2017 04/05/2017 04/07/2017 $ 0.0639 -- -- -- $ 0.06
03/01/2017 03/03/2017 03/07/2017 $ 0.0618 -- -- -- $ 0.06
02/01/2017 02/03/2017 02/07/2017 $ 0.0612 -- -- -- $ 0.06
12/28/2016 12/30/2016 01/04/2017 $ 0.0591 -- -- -- $ 0.06
12/01/2016 12/05/2016 12/07/2016 $ 0.0562 -- -- -- $ 0.06
11/01/2016 11/03/2016 11/07/2016 $ 0.0586 -- -- -- $ 0.06
10/03/2016 10/05/2016 10/07/2016 $ 0.0559 -- -- -- $ 0.06
09/01/2016 09/06/2016 09/08/2016 $ 0.0552 -- -- -- $ 0.06
08/01/2016 08/03/2016 08/05/2016 $ 0.0524 -- -- -- $ 0.05
07/01/2016 07/06/2016 07/08/2016 $ 0.0470 -- -- -- $ 0.05
06/01/2016 06/03/2016 06/07/2016 $ 0.0666 -- -- -- $ 0.07
05/02/2016 05/04/2016 05/06/2016 $ 0.0480 -- -- -- $ 0.05
04/01/2016 04/05/2016 04/07/2016 $ 0.0679 -- -- -- $ 0.07
03/01/2016 03/03/2016 03/07/2016 $ 0.0713 -- -- -- $ 0.07
02/01/2016 02/03/2016 02/05/2016 $ 0.0684 -- -- -- $ 0.07
12/29/2015 12/31/2015 01/05/2016 $ 0.0640 -- -- -- $ 0.06
12/01/2015 12/03/2015 12/07/2015 $ 0.0678 -- -- -- $ 0.07
11/02/2015 11/04/2015 11/06/2015 $ 0.0700 -- -- -- $ 0.07
10/01/2015 10/05/2015 10/07/2015 $ 0.0680 -- -- -- $ 0.07
09/01/2015 09/03/2015 09/08/2015 $ 0.0699 -- -- -- $ 0.07
08/03/2015 08/05/2015 08/07/2015 $ 0.0695 -- -- -- $ 0.07
07/01/2015 07/06/2015 07/08/2015 $ 0.0647 -- -- -- $ 0.06
06/01/2015 06/03/2015 06/05/2015 $ 0.0650 -- -- -- $ 0.07
05/01/2015 05/05/2015 05/07/2015 $ 0.0630 -- -- -- $ 0.06
04/01/2015 04/06/2015 04/08/2015 $ 0.0669 -- -- -- $ 0.07
03/02/2015 03/04/2015 03/06/2015 $ 0.0601 -- -- -- $ 0.06
02/02/2015 02/04/2015 02/06/2015 $ 0.0700 -- -- -- $ 0.07
12/29/2014 12/31/2014 01/05/2015 $ 0.0670 -- -- -- $ 0.07
12/01/2014 12/03/2014 12/05/2014 $ 0.0622 -- -- -- $ 0.06
11/03/2014 11/05/2014 11/07/2014 $ 0.0686 -- -- -- $ 0.07
10/01/2014 10/03/2014 10/07/2014 $ 0.0680 -- -- -- $ 0.07
09/02/2014 09/04/2014 09/08/2014 $ 0.0660 -- -- -- $ 0.07
08/01/2014 08/05/2014 08/07/2014 $ 0.0720 -- -- -- $ 0.07
07/01/2014 07/03/2014 07/08/2014 $ 0.0580 -- -- -- $ 0.06
06/02/2014 06/04/2014 06/06/2014 $ 0.0600 -- -- -- $ 0.06
05/01/2014 05/05/2014 05/07/2014 $ 0.0650 -- -- -- $ 0.07
04/01/2014 04/03/2014 04/07/2014 $ 0.0650 -- -- -- $ 0.07
03/03/2014 03/05/2014 03/07/2014 $ 0.0900 -- -- -- $ 0.09

‡All registered investment companies are obliged to distribute portfolio gains to shareholders at yearend regardless of performance. Trading VanEck ETFs will also generate tax consequences and transaction expenses. The information provided is not intended to be tax advice. Tax consequences of dividend distributions may vary by individual taxpayer. There is no guarantee that dividends will be paid. To receive a distribution, you must have been a registered shareholder of the relevant VanEck ETFs on the record date. Distributions are paid to shareholders on the payment date. Past distributions are not indicative of future distributions.

Certain distributions may constitute a return of capital, which will have the effect of reducing your cost basis in the Fund’s shares and thereby increasing the amount of capital gain, if any, or decreasing the amount of capital loss, if any, that you will realize when selling or exchanging Fund shares. The final determination of the tax characteristics cannot be determined until after each Fund’s yearend and are reported to shareholders on Form 1099-DIV. The form is mailed to shareholders shortly after calendar yearend specifying how the distributions paid by the Fund during the prior calendar year should be characterized for purposes of reporting the distribution on a shareholder’s tax return.

The tax treatment and characterization of the Fund’s distributions may vary significantly from time to time depending on whether the Fund has gains or losses on the securities in its portfolio. The Fund’s distributions will normally reflect past and projected net investment income, and may include income from dividends and interest, capital gains and/or a return of capital. The final composition of the tax characteristics of the distributions cannot be determined with certainty until after the end of the year, and will be reported to shareholders at that time. The amount of distributions will vary, depending on a number of factors. As portfolio and market conditions change, the rate of dividends may change. There can be no assurance that the Fund will be able to declare a dividend distribution in each period. Past performance is no guarantee of future results.

Click here to access more detailed yearend tax information

Team

Resources

Key Documents

Thought Leadership

SHYD