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Expect More from Your Munis

May 10, 2019

Watch Time 2:04 MIN

VanEck’s municipal bond ETFs offer diversification and the ability to exercise control over portfolio yield and risk, so investors can find a custom fit for their portfolio.

How can income-oriented investors keep more of what they earn? Municipal bonds may present an attractive option allowing investors to earn income free of Federal, and potentially state income taxes. But what is the best way for investors to access this opportunity?

At VanEck we think flexibility and choice are key drivers of success. Our suite of municipal bond ETFs offer diversification and the ability to exercise control over portfolio yield and risk. The indices underlying each ETF target specific maturity ranges and credit exposures, resulting in distinct performance, yield and duration characteristics. These customized, investible indices have been carefully designed with yield in mind, resulting in the ability to offer investors tax relief along with enhanced yield potential.

Whether investors are looking to target a yield or manage duration, with VanEck municipal bond ETFs, investors can find a custom fit for their portfolio. They can use one, or a combination of seven different funds; three focused on yield curve positioning, two focused on credit quality, and one offering a smarter way to access the higher yield potential unique to municipal bond closed-end funds.

Expect more from your munis, with VanEck.

Municipal bonds are subject to risks related to litigation, legislation, political change, conditions in underlying sectors or in local business communities and economies, bankruptcy or other changes in the issuer’s financial condition, and/or the discontinuance of taxes supporting the project or assets or the inability to collect revenues for the project or from the assets. Additional risks include credit, interest rate, call, reinvestment, tax, market and lease obligation risk.  High-yield municipal bonds are subject to greater risk of loss of income and principal than higher-rated securities, and are likely to be more sensitive to adverse economic changes or individual municipal developments than those of higher-rated securities. Interest and principal payments for pre-refunded bonds are funded from securities in an escrow account. The escrowed securities do not guarantee the price of these bonds. Municipal bonds may be less liquid than taxable bonds. There is no guarantee that the Funds’ income will be exempt from federal or state income taxes, and changes in those tax rates or in alternative minimum tax rates or in the tax treatment of municipal bonds may make them less attractive as investments and cause them to lose value. Gains, if any, are subject to gains tax. Some portions of the distributions from HYD may be subject to the Alternative Minimum Tax (AMT).

Fund shares are not individually redeemable and will be issued and redeemed at their NAV only through certain authorized broker-dealers in large, specified blocks of shares called "creation units" and otherwise can be bought and sold only through exchange trading. Shares may trade at a premium or discount to their NAV in the secondary market. You will incur brokerage expenses when trading Fund shares in the secondary market. Past performance is no guarantee of future results.

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 the Fund carefully before investing. To obtain a prospectus and summary prospectus, which contains this and other information, call 800.826.2333 or visit Please read the prospectus and summary prospectus carefully before investing.