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Trending ETFs

Name

As of 04/19/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$51.45

$2.9 B

3.98%

$2.05

0.32%

Vitals

YTD Return

0.7%

1 yr return

5.4%

3 Yr Avg Return

-2.6%

5 Yr Avg Return

0.0%

Net Assets

$2.9 B

Holdings in Top 10

7.9%

52 WEEK LOW AND HIGH

$51.4
$47.58
$52.26

Expenses

OPERATING FEES

Expense Ratio 0.32%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 9.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 04/19/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$51.45

$2.9 B

3.98%

$2.05

0.32%

HYD - Profile

Distributions

  • YTD Total Return 0.7%
  • 3 Yr Annualized Total Return -2.6%
  • 5 Yr Annualized Total Return 0.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.91%
DIVIDENDS
  • Dividend Yield 4.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    VanEck High Yield Muni ETF
  • Fund Family Name
    VANECKFUND
  • Inception Date
    Sep 01, 2022
  • Shares Outstanding
    59496401
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    James Colby

Fund Description

The Fund normally invests at least 80% of its total assets in securities that comprise the benchmark index. The High Yield Index is comprised of publicly traded municipal bonds that cover the U.S. dollar denominated high yield long-term tax-exempt bond market with a weight of 70% in non-investment grade municipal bonds, 25% in triple-B rated investment grade municipal bonds and 5% in single-A rated investment grade municipal bonds (in accordance with the High Yield Index provider’s methodology). This 80% investment policy is non-fundamental and may be changed without shareholder approval upon 60 days' prior written notice to shareholders.
The Fund has adopted a fundamental investment policy to invest at least 80% of its assets in municipal securities. Such policy cannot be changed without a shareholder vote. For purposes of this policy, the term “assets” means net assets plus the amount of any borrowings for investment purposes. This percentage limitation applies at the time of the investment.
The Fund, using a “passive” or indexing investment approach, attempts to approximate the investment performance of the High Yield Index. Unlike many investment companies that try to “beat” the performance of a benchmark index, the Fund does not try to “beat” the High Yield Index and does not take temporary defensive positions that are inconsistent with its investment objective of seeking to replicate the High Yield Index. Because of the practical difficulties and expense of purchasing all of the securities in the High Yield Index, the Fund does not purchase all of the securities in the High Yield Index. Instead, the Adviser utilizes a “sampling” methodology in seeking to achieve the Fund’s objective. As such, the Fund may purchase a subset of the bonds in the High Yield Index in an effort to hold a portfolio of bonds with generally the same risk and return characteristics of the High Yield Index. The High Yield Index is rebalanced on the last calendar day of the month.The Fund may concentrate its investments in a particular industry or group of industries to the extent that the High Yield Index concentrates in an industry or group of industries. As of April 30, 2023, each of the healthcare, industrial development and special tax (i.e., revenue bonds backed by a special tax) sectors represented a significant portion of the Fund.
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HYD - Performance

Return Ranking - Trailing

Period HYD Return Category Return Low Category Return High Rank in Category (%)
YTD 0.7% -4.5% 3.0% 26.09%
1 Yr 5.4% -2.6% 8.9% 31.88%
3 Yr -2.6%* -10.0% 1.6% 74.75%
5 Yr 0.0%* -4.9% 524.9% 84.46%
10 Yr 2.8%* 0.0% 155.5% 55.12%

* Annualized

Return Ranking - Calendar

Period HYD Return Category Return Low Category Return High Rank in Category (%)
2023 2.1% -1.5% 7.5% 65.70%
2022 -19.0% -26.9% -3.5% 73.53%
2021 1.4% -1.9% 5.6% 68.66%
2020 -3.9% -10.1% 4.2% 97.99%
2019 4.9% 2.0% 9.1% 61.66%

Total Return Ranking - Trailing

Period HYD Return Category Return Low Category Return High Rank in Category (%)
YTD 0.7% -4.5% 3.0% 26.09%
1 Yr 5.4% -2.6% 8.9% 31.88%
3 Yr -2.6%* -10.0% 1.6% 74.75%
5 Yr 0.0%* -4.9% 524.9% 84.46%
10 Yr 2.8%* 0.0% 155.5% 55.12%

* Annualized

Total Return Ranking - Calendar

Period HYD Return Category Return Low Category Return High Rank in Category (%)
2023 6.5% 0.4% 10.9% 59.90%
2022 -16.0% -26.9% -2.9% 77.45%
2021 5.0% -1.9% 10.0% 60.70%
2020 0.2% -4.1% 8.2% 90.95%
2019 9.3% 3.5% 1028633.9% 32.12%

HYD - Holdings

Concentration Analysis

HYD Category Low Category High HYD % Rank
Net Assets 2.9 B 9.79 K 16.1 B 29.95%
Number of Holdings 1413 1 3076 19.42%
Net Assets in Top 10 228 M -102 M 3.44 B 40.29%
Weighting of Top 10 7.94% 4.7% 100.7% 97.56%

Top 10 Holdings

  1. PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE 1.28%
  2. PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE 0.91%
  3. BUCKEYE OH TOBACCO SETTLEMENT FING AUTH 0.86%
  4. PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE 0.80%
  5. INLAND EMPIRE CA TOBACCO SECURITIZATION AUTH TOB SETTLEMENT 0.74%
  6. ARKANSAS DEV FIN AUTH ENVIRONMENTAL REVENUE 0.70%
  7. NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE 0.68%
  8. PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE 0.67%
  9. CALIFORNIA ST MUNI FIN AUTH SPL FAC REVENUE 0.66%
  10. TOBACCO SETTLEMENT FING CORP NJ 0.65%

Asset Allocation

Weighting Return Low Return High HYD % Rank
Bonds
98.08% 0.00% 146.69% 61.72%
Cash
1.92% -0.64% 100.00% 33.98%
Stocks
0.00% 0.00% 99.38% 58.85%
Preferred Stocks
0.00% -47.61% 1.89% 41.75%
Other
0.00% -12.04% 9.96% 44.66%
Convertible Bonds
0.00% 0.00% 0.00% 41.75%

Bond Sector Breakdown

Weighting Return Low Return High HYD % Rank
Municipal
98.29% 0.00% 100.00% 51.46%
Derivative
0.00% -12.35% 1.55% 39.81%
Cash & Equivalents
0.00% 0.00% 100.00% 66.02%
Securitized
0.00% 0.00% 22.44% 43.69%
Corporate
0.00% 0.00% 2.83% 70.87%
Government
0.00% 0.00% 0.09% 45.15%

Bond Geographic Breakdown

Weighting Return Low Return High HYD % Rank
US
98.08% 0.00% 139.84% 56.31%
Non US
0.00% 0.00% 13.35% 48.06%

HYD - Expenses

Operational Fees

HYD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.32% 0.21% 3.44% 98.54%
Management Fee 0.32% 0.00% 1.41% 5.26%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.02% 0.35% N/A

Sales Fees

HYD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.50% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

HYD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

HYD Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 9.00% 2.00% 121.00% 4.17%

HYD - Distributions

Dividend Yield Analysis

HYD Category Low Category High HYD % Rank
Dividend Yield 3.98% 0.00% 6.74% 38.28%

Dividend Distribution Analysis

HYD Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

HYD Category Low Category High HYD % Rank
Net Income Ratio 3.91% 1.11% 5.70% 14.83%

Capital Gain Distribution Analysis

HYD Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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HYD - Fund Manager Analysis

Managers

James Colby


Start Date

Tenure

Tenure Rank

Feb 04, 2009

13.33

13.3%

Mr. Colby has been employed by Van Eck Associates Corporation since September 2007. Prior to joining Van Eck Associates Corporation, Mr. Colby served as Senior Portfolio Manager and Director of Municipal High Yield for Lord Abbett as well as Director and Senior Portfolio Manager for Municipal Fixed Income at the John Hancock Funds in Boston. Mr. Colby graduated from Brown University in 1972 with a Bachelor of Arts in Economics and International Relations; and from Hofstra University in 1979 with a Masters of Business Administration in Finance.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.06 21.43 7.46 2.52