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Income Investing Yield Monitor

Below is the latest data and yields for VanEck’s income investing solutions.

Discover Income Investing Ideas

To help investors stay informed in an ever-changing interest rate environment, we offer monthly commentary on income investing, covering the latest news, trends and investment opportunities.

Income Investing Insights

1Duration to Worst. 2Effective Duration. 3Modified Duration. 430-Day SEC Yield is calculated daily, and is a standard yield calculation developed by the Securities and Exchange Commission that allows for fairer comparisons primarily among bond funds. It is based on the most recent 30-day period. This yield figure reflects the interest earned during the period after deducting the Fund's expenses for the period. It does not reflect the yield an investor would have received if they had held the Fund over the last 12 months assuming the most recent NAV. In the absence of temporary expense waivers or reimbursements, the 30-Day SEC Yields on 01/31/26 would have been as follows - CBON: 0.77%, EMLC: 5.80% . Expenses for CBON and EMLC are contractually capped. Expense caps exclude acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses. Expense Caps: CBON: 0.50%, EMLC: 0.30% . Expenses for ANGL, BIZD, DURA, EINC, FLTR, GRNB, HYD, HYEM, IHY, ITM, MBBB, MIG, MLN, MORT, PFXF, SHYD, SMB, XMPT are unitary fees. Van Eck Associates Corporation (the “Adviser”) will pay all expenses of these Funds, except for the fee payment under the investment management agreement, acquired fund fees and expenses, interest expense, offering costs, trading expenses, taxes and extraordinary expenses. Expense ratios are as of the most recent prospectus. Past performance is no guarantee of future results. Please see the prospectus of each fund for more detailed information on expenses.

Treasury Yield Curve

Municipal AAA Yield Curve

Source: VanEck and FactSet. Volatility is the annualized standard deviation of monthly returns. Sharpe ratio is the return less the risk-free rate divided by the standard deviation and measures risk-adjusted return. Alpha is a measure of the difference between a portfolio's actual returns and its expected performance, given its level of risk as measured by beta. Beta is a measure of sensitivity to market movements. R-squared reflects the percentage of a fund's movements that can be explained by movements in its benchmark index.

Global 10-Year Sovereign Yields (%)

Source: FactSet and Bloomberg (as of 12/31/25). Based on local currency prices. Past performance is no guarantee of future results.

Related Insights

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Income Investing
February 05, 2026

High Yield Opportunities in BDCs

Business development companies (BDCs) are regaining momentum with attractive yields (BIZD 30-day SEC yield: 8.56%) and credit risk largely priced in. For income-focused investors looking beyond traditional bonds, VanEck’s BDC Income ETF (BIZD) provides a diversified, liquid way to access the growing private credit market. We'll discuss the key factors supporting BDCs, including their institutional scale, more conservative portfolio construction, and stable credit quality.

Income Investing
February 02, 2026

BDCs vs. Private Credit Funds: Key Differences for Investors

BDCs and private credit funds finance middle-market firms but differ in access. BDCs offer liquidity and transparency; private credit funds are less liquid with limited access and longer lock-ups.
Income Investing
January 30, 2026

Why Taxes Matter for Equity Income, and Where PFXF Fits

Headline yield shows income potential, but taxes reduce what you keep. Equity investors should focus on after-tax yield. Preferreds may help boost income and improve tax efficiency.
Income Investing
January 29, 2026

Yield in Focus: Unlocking Municipal Income in 2026

Learn how investors can think about income opportunities in the municipal bond market as we head into 2026, following a major reset driven by lower interest rates and record new issuance. With yields still elevated and credit fundamentals remaining strong, municipal bonds are offering renewed flexibility for income-focused portfolios.

See how VanEck municipal bond ETFs—HYD, SHYD, XMPT, and MLN—provide different ways to access income, manage interest-rate sensitivity, and navigate today’s evolving muni landscape.

Income Investing
January 23, 2026

CLOs on Solid Footing with Carry Driving Returns into 2026

CLOs showed strong momentum into Q4 2025, with higher-rated tranches favored amid volatility and selective lower-rated opportunities extending into 2026.
Income Investing
January 15, 2026

Yield in Focus: Rethinking Risk in Emerging Market Bonds

Learn how investors can approach income opportunities in emerging market bonds as the risk narrative continues to evolve. Discover why fundamentals, valuation, and credit quality play a critical role when assessing yield potential, and how emerging markets may offer differentiated sources of income in today’s global bond landscape.

See how VanEck’s emerging market bond ETFs, like EMBX, EMLC, and HYEM, provide access to opportunities across sovereign and corporate debt, while maintaining a disciplined approach to credit risk and portfolio construction.

Income Investing
January 15, 2026

Fallen Angels Deliver Again with an Eye Towards 2026

Fallen angels outperformed broad high yield in 2025, driven by security selection, longer duration, and resilient credit quality. Attractive yields and selective downgrades support 2026.
Income Investing
December 31, 2025

Yield in Focus: Yield vs Credit Risk in Corporate Bonds

Learn how investors can think about income opportunities in today’s corporate bond market, where yields remain elevated but credit risk matters more than ever. Explore why selectivity within investment-grade bonds is critical, and how valuation and credit quality can drive better risk-adjusted outcomes. See how VanEck ETFs MIG and MBBB use data-driven insights from Moody’s Analytics to help identify bonds that offer attractive yield while staying disciplined on credit risk.
Investment Outlook
December 18, 2025

Plan for 2026: Predictions from Our Portfolio Managers

Get your portfolio ready for 2026 with detailed insights from VanEck’s investment team about the factors driving risk and returns in their respective asset classes.
Income Investing
February 05, 2026

High Yield Opportunities in BDCs

Business development companies (BDCs) are regaining momentum with attractive yields (BIZD 30-day SEC yield: 8.56%) and credit risk largely priced in. For income-focused investors looking beyond traditional bonds, VanEck’s BDC Income ETF (BIZD) provides a diversified, liquid way to access the growing private credit market. We'll discuss the key factors supporting BDCs, including their institutional scale, more conservative portfolio construction, and stable credit quality.

Income Investing
February 02, 2026

BDCs vs. Private Credit Funds: Key Differences for Investors

BDCs and private credit funds finance middle-market firms but differ in access. BDCs offer liquidity and transparency; private credit funds are less liquid with limited access and longer lock-ups.
Income Investing
January 30, 2026

Why Taxes Matter for Equity Income, and Where PFXF Fits

Headline yield shows income potential, but taxes reduce what you keep. Equity investors should focus on after-tax yield. Preferreds may help boost income and improve tax efficiency.
Income Investing
January 29, 2026

Yield in Focus: Unlocking Municipal Income in 2026

Learn how investors can think about income opportunities in the municipal bond market as we head into 2026, following a major reset driven by lower interest rates and record new issuance. With yields still elevated and credit fundamentals remaining strong, municipal bonds are offering renewed flexibility for income-focused portfolios.

See how VanEck municipal bond ETFs—HYD, SHYD, XMPT, and MLN—provide different ways to access income, manage interest-rate sensitivity, and navigate today’s evolving muni landscape.

Income Investing
January 23, 2026

CLOs on Solid Footing with Carry Driving Returns into 2026

CLOs showed strong momentum into Q4 2025, with higher-rated tranches favored amid volatility and selective lower-rated opportunities extending into 2026.
Income Investing
January 15, 2026

Yield in Focus: Rethinking Risk in Emerging Market Bonds

Learn how investors can approach income opportunities in emerging market bonds as the risk narrative continues to evolve. Discover why fundamentals, valuation, and credit quality play a critical role when assessing yield potential, and how emerging markets may offer differentiated sources of income in today’s global bond landscape.

See how VanEck’s emerging market bond ETFs, like EMBX, EMLC, and HYEM, provide access to opportunities across sovereign and corporate debt, while maintaining a disciplined approach to credit risk and portfolio construction.

Income Investing
January 15, 2026

Fallen Angels Deliver Again with an Eye Towards 2026

Fallen angels outperformed broad high yield in 2025, driven by security selection, longer duration, and resilient credit quality. Attractive yields and selective downgrades support 2026.
Income Investing
December 31, 2025

Yield in Focus: Yield vs Credit Risk in Corporate Bonds

Learn how investors can think about income opportunities in today’s corporate bond market, where yields remain elevated but credit risk matters more than ever. Explore why selectivity within investment-grade bonds is critical, and how valuation and credit quality can drive better risk-adjusted outcomes. See how VanEck ETFs MIG and MBBB use data-driven insights from Moody’s Analytics to help identify bonds that offer attractive yield while staying disciplined on credit risk.
Investment Outlook
December 18, 2025

Plan for 2026: Predictions from Our Portfolio Managers

Get your portfolio ready for 2026 with detailed insights from VanEck’s investment team about the factors driving risk and returns in their respective asset classes.

Prior to September 1, 2020, the Municipal Income funds were known as the VanEck AMT-Free Short Municipal Index ETF, VanEck AMT-Free Intermediate Municipal Index ETF, VanEck AMT-Free Long Municipal Index ETF, VanEck Short High-Yield Municipal Index ETF, VanEck High-Yield Municipal Index ETF, and the VanEck Municipal Allocation ETF.

Investment category index representation: U.S. Aggregate represents the Bloomberg Barclays US Aggregate Index, U.S. High Yield Corporates represents the ICE BofAML U.S. High Yield Master Index, Global High Yield Corporates represents the ICE BofAML Global High Yield Index, EM USD High Yield Aggregate represents the Bloomberg Barclays EM Aggregate High Yield Index, EM USD High Yield + IG Corps represents the ICE BofAML EM Liquid Corp Plus Index, EM Local Currency Sovereigns represents the JPM GBI EM Global Diversified Index, EM USD Sovereigns represents the JPM EMBI Global Diversified Index, U.S. Corporates represents the Bloomberg Barclays US Corp Index, U.S. REITs represents the ICE BofAML U.S. REIT Index, Global Aggregate represents the Bloomberg Barclays Global Aggregate Index, TIPS represents the Bloomberg Barclays US Treasury TIPS Index, Municipals represents the Bloomberg Barclays Municipal Index, High Yield Municipals represents the Bloomberg Barclays HY Muni Index, 10 Year Treasuries represents the Bloomberg Barclays US Treasury 10 Yr Index, Preferred Securities represents the ICE BofAML Preferreds Index, U.S. Dividend Stocks represents the DJ U.S. Select Dividend Index.

There are risks involved with investing in ETFs, including possible loss of money. Shares are not actively managed and are subject to risks similar to those of stocks, including those regarding short selling and margin maintenance requirements. Ordinary brokerage commissions apply. Debt securities carry interest rate and credit risk. Interest rate risk refers to the risk that bond prices generally fall as interest rates rise and vice versa. Credit risk is the risk of loss on an investment due to the deterioration of an issuer's financial health. High-yield, municipal securities and emerging markets securities have additional risks. Some of the underlying securities of some Funds may be subject to call risk, which may result in the Funds having to reinvest the proceeds at lower interest rates, resulting in a decline in the Funds' income. Please see the prospectus of each Fund for more complete information regarding each Fund's specific risks.

Investing involves substantial risk and high volatility, including possible loss of principal. Bonds and bond funds will decrease in value as interest rates rise. An investor should consider the investment objective, risks, charges and expenses of a Fund carefully before investing. To obtain a prospectus and summary prospectus, which contain this and other information, call 800.826.2333 or visit vaneck.com. Please read the prospectus and summary prospectus carefully before investing.

Income Investing: Ideas to Beat the Bank is a service mark of Van Eck Associates Corporation.