VanEck High Yield Muni ETF

HYD

Market cap $3.48B

Overview Fund Activity

50.93 USD

-0.01

0.02%

At close Updated Sep 17, 4:00 PM EDT

1 day

-0.02%

5 days

0.63%

1 month

3.39%

3 months

2.11%

6 months

-1.6%

Year to date

-1.7%

1 year

-3.54%

5 years

-14.56%

10 years

-15.96%

0

Funds holding %

of 7,463 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

0.28% more ownership

Funds ownership: 70.21% [Q1] → 70.49% (+0.28%) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]

2% less call options, than puts

Call options by funds: $6.59M | Put options by funds: $6.72M

4% less capital invested

Capital invested by funds: $2.42B [Q1] → $2.34B (-$85.5M) [Q2]

5% less funds holding

Funds holding: 339 [Q1] → 321 (-18) [Q2]

12% less repeat investments, than reductions

Existing positions increased: 109 | Existing positions reduced: 124

25% less first-time investments, than exits

New positions opened: 45 | Existing positions closed: 60

See Fund Rankings

Financial journalist opinion

HYD: High Yield Munis Present A Clear Contrarian Play (Rating Upgrade)

HYD offers exposure to high-yield, long-term, tax-exempt U.S. municipal bonds, appealing to income-focused investors seeking tax advantages. The fund aims to track the overall performance of the high-yield muni bond market, providing diversified access to this asset class. Current market pricing and yield levels present a contrarian entry point for investors comfortable with elevated credit risk.

HYD: High Yield Munis Present A Clear Contrarian Play (Rating Upgrade)

HYD: This High-Yield ETF Is A Strong Buy

VanEck High Yield Muni ETF offers attractive, tax-free income, strong yield, liquidity, and broad diversification, making it compelling for taxable portfolios. HYD's current 4.67% SEC yield translates to a much higher tax-equivalent yield, especially for high earners, with lower default risk than high-yield corporates. Potential Fed rate cuts could boost HYD's price, offering both income and capital gains; the current price is below historical highs, adding upside potential.

HYD: This High-Yield ETF Is A Strong Buy

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Corporate vs. Municipal Bonds: Key Differences Every Investor Should Know

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Corporate vs. Municipal Bonds: Key Differences Every Investor Should Know

Bond ETF HYD Could Be a 2025 Winner

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HYD: Munis Have Momentum And Tailwinds To Keep It Going (Rating Upgrade)

Munis often rise in the months following Fed rate cuts, suggesting there is still time to get in on this play. The fund's California exposure bothers me less given how strong equity returns have been. This means personal income tax revenues in the state will rise next year. High yield munis default less than comparable corporates, supporting positions in this fund.

HYD: Munis Have Momentum And Tailwinds To Keep It Going (Rating Upgrade)

HYD: Great Tax Equivalent Yield

VanEck High Yield Muni ETF offers high-yield, tax-free income by focusing on municipal bonds, making it attractive for investors in higher tax brackets. The HYD ETF's diversified portfolio includes 1,475 holdings and a 30-day SEC yield of 4.2%, with a taxable equivalent yield of 6.73% for top tax brackets. The fund's broad sector and geographic allocation, with a significant portion in California, adds stability but also focuses risk on specific states.

HYD: Great Tax Equivalent Yield

Some Green Shoots for Muni Bonds

With the help of a brief flight-to-safety trade and hopes that the Federal Reserve will soon cut interest rates, perhaps by more than expected, bonds have gotten a lift. And muni bonds are participating in that upside.

Some Green Shoots for Muni Bonds

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