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HYD VanEck Vectors High-Yield Municipal Index ETF

  • Fund Description

    The VanEck Vectors 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 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. HYD is expected to pay monthly dividends. 

  •  
      

    • Fund Ticker

      HYD
    • Exchange

      NYSE Arca
    • Commencement

      02/04/2009
    • ETF Structure

      Physical
    • Administrator

      Van Eck Associates
    • Custodian

      Bank of New York Mellon
    • Index Ticker

      LMEHTR
    • Index Rebalancing

      Monthly
    • Preliminary NAIC
      Designation7

      4
  •  
    as of 09/28/16

    • 30-Day SEC Yield1

      3.43%
    • Total Net Assets

      $2.4B
    • Number of Holdings

      1485
    • Options

      Available
    • Gross Expense Ratio2

      0.35%
    • Net Expense Ratio/TER2

      0.35%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      09/30/2016

    1, 2, 7 See Important Disclosure

  • Morningstar™ Ratings3
    as of 8/31/16

    Category Overall 3 Year 5 Year
    High Yield Muni
        
    4 stars of 171 Funds
        
    4 stars of 171 Funds
        
    4 stars of 146 Funds
  • Key Points

    • High-Yield Muni Focus
      Underlying Index comprised of highest-yielding municipal bonds with income generally exempt from federal taxes

    • Enhanced Liquidity Feature
      Index includes 25% BBB investment-grade exposure for enhanced liquidity

    • Diverse Sector Exposure and Low Default Rates
      Index covers wide range of muni sectors and securities with historically low default rates
  • Yields
    as of 09/28/16

    • 30-Day SEC Yield1

      3.43%
    • Distribution Yield1

      4.00%
    • 12-Month Yield1

      4.24%
    • Taxable Equivalent 30-Day SEC Yields1a

      --
    • 15% Federal Tax Rate

      4.03%
    • 25% Federal Tax Rate

      4.57%
    • 28% Federal Tax Rate

      4.76%
    • 33% Federal Tax Rate

      5.12%
    • 39.6% Federal Tax Rate

      5.68%
     1/1a See Important Disclosure for definitions.
  • Fees & Expenses2

    • Management Fee

      0.35%
    • Other Expenses

      --
    • Acquired Fund Fees and Expenses

      --
    • Gross Expense Ratio

      0.35%
    • Fee Waivers and
      Expense Reimbursement

      --
    • Net Expense Ratio/TER2

      0.35%
    2 The investment management agreement between VanEck Vectors ETF Trust (the "Trust") and Van Eck Associates Corporation (the "Adviser") provides that the Adviser will pay all expenses of the Fund, except for the fee payment under the investment management agreement, interest expense, offering costs, trading expenses, taxes and extraordinary expenses.
  • Trading Information

    • Fund Ticker

      HYD
    • Index Total Return Ticker

      LMEHTR
    • NAV

      HYDNV
    • Intraday NAV (IIV)5

      HYDIV
    • Shares Outstanding

      73,700,000
    • Estimated Cash

      HYDEU
    • Total Cash

      HYDTC
    • CUSIP

      92189F361
    • ISIN

      US92189F3617
    5See IIV Details. Source: Bloomberg
  • Fundamentals4
    as of 09/28/16

    • Yield to Worst

      4.12%
    • Yield to Maturity

      4.79%
    • Effective Duration (yrs)

      7.69
    • Duration to Worst (yrs)

      6.33
    • Modified Duration (yrs)

      8.00
    • Spread Duration (yrs)

      7.06
    • Years to Maturity

      20.29
    • Coupon

      5.21%
    • AMT

      10.27%
     4 See Important Disclosure for definitions.
  • Prices as of 09/28/16

    NAV/
    Last Price
    Volume
    30-Day Avg./
    Last Trading Day
    Daily Change
    NAV/
    Last Price
    YTD Change
    NAV/
    Last Price
    Premium/
    Discount
    Prem/Discount
    Distribution Charts
    NAV &
    Prem/Discount
    History
    NAV
    Chart
    HYD $32.25
    $32.31
    437,710
    340,925
    $0.00 / -0.01%
    $0.01 / +0.03%
    +8.1%
    +7.9%
    $0.06
    0.17%
  • View All Indices » View All ETFs » Performance History: Average Annual Total Returns* (%)

    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    02/04/09
    HYD (NAV) 0.54 2.76 8.09 11.21 9.24 7.36 -- 9.11
    HYD (Share Price) 0.51 2.75 7.94 12.90 10.07 7.30 -- 9.13
    LMEHTR (Index) 0.18 2.74 8.06 12.44 10.78 8.27 -- 10.35
    Performance Differential (NAV - Index) 0.36 0.02 0.03 -1.23 -1.54 -0.91 -- -1.24
    After Tax Held 0.54 2.76 8.09 11.21 9.21 7.33 -- 9.06
    After Tax Sold 0.45 2.00 5.86 8.36 8.32 6.90 -- 8.49
    Quarter End as of 06/30/16
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    02/04/09
    HYD (NAV) 1.91 4.03 7.20 11.06 6.91 7.48 -- 9.21
    HYD (Share Price) 1.84 4.26 6.99 13.21 7.29 7.52 -- 9.22
    LMEHTR (Index) 2.10 4.23 7.38 12.74 8.15 8.50 -- 10.50
    Performance Differential (NAV - Index) -0.19 -0.20 -0.18 -1.68 -1.24 -1.02 -- -1.29
    After Tax Held 1.91 4.03 7.20 11.06 6.88 7.46 -- 9.16
    After Tax Sold 1.24 2.76 5.05 8.34 6.47 7.01 -- 8.57
  • Daily Holdings »Top 10 Holdings (%)as of 08/31/16

    Total Holdings: 1466
    Issuer Name
    StateWeighting (%)
    Buckeye Ohio Tob Settlement Fing Auth
    OH
    4.25
    Golden St Tob Securitization Corp Calif Tob Settlement
    CA
    3.87
    Chicago Ill
    IL
    3.02
    California Statewide Cmntys Dev Auth Rev For Issues Dat
    CA
    2.76
    New York Transn Dev Corp Spl Fac Rev
    NY
    2.62
    Tobacco Settlement Fing Corp N J
    NJ
    2.61
    New York Liberty Dev Corp Liberty Rev
    NY
    2.03
    Illinois St For Issues Dtd Prior To 01/16/2010 See 4521
    IL
    1.89
    Chicago Ill Brd Ed For Issues Dtd Prior To 09/05/07 See
    IL
    1.72
    Iowa Fin Auth Midwestern Disaster Area Rev
    IA
    1.28
    Top 10 Total (%)26.05

    These are not recommendations to buy or to sell any security. Securities and holdings may vary.

  • Geographical Weightings (%) as of 08/31/16

    • State

      % of Net Assets
    • California

      14.1
    • New York

      11.2
    • Illinois

      10.5
    • Texas

      7.1
    • Ohio

      6.4
    • New Jersey

      5.1
    • Pennsylvania

      4.9
    • Florida

      3.9
    • Indiana

      2.5
    • Iowa

      2.4
    • Virginia

      2.2
    • Michigan

      2.1
    • Arizona

      2.0
    • District of Columbia

      1.9
    • Louisiana

      1.9
    • Maryland

      1.6
    • Kentucky

      1.5
    • Puerto Rico

      1.4
    • Colorado

      1.4
    • Alabama

      1.3
    • Other

      14.5
  • Currency Exposure (%)
    as of 08/31/16

    • U.S. Dollar

      99.63
    • Other/Cash

      0.37
  • Sector Weightings (%) as of 08/31/16

    • Sector

      % of Net Assets
    • Health Care

      22.8
    • Tobacco

      19.8
    • Industrial Revenue

      19.0
    • Transportation

      9.2
    • Education

      7.7
    • Special Tax

      6.5
    • Local

      6.1
    • State

      2.4
    • Water & Sewer

      2.3
    • Power

      2.1
    • Leasing

      1.2
    • Housing

      0.4
    • Solid Waste/Res Recovery

      0.4
    • Unassigned

      0.1
  • Credit Quality (%) as of 08/31/16

    Composite % of Net Assets
    Investment Grade AAA 0.12
    AA 0.14
    A 1.81
    BBB 34.43
    Non-Investment Grade BB 17.87
    B 19.78
    CCC 4.90
    Total Investment Grade -- 36.50
    Total Non-Investment Grade -- 42.56
    Not Rated -- 20.95
    Barclays Composite Rating: A blend of a security's Moody's, S&P, and Fitch ratings. If all three agencies rate the security, the middle rating is taken. If only two agencies rate a security, the lower rating is taken. If only one agency rates a security, that rating is used. Not rated indicates that a security is rated by fewer than one of the three rating agencies. This composite is not intended to be a credit opinion.
  • Maturity (%) as of 08/31/16

    Average Portfolio Maturity: 20.28 Years