HYD ETF Report: Ratings, Analysis, Quotes, Holdings

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*Unless otherwise stated, data provided by FactSet.

HYD Fund Description

HYD tracks a market-weighted index of high-yield long-term tax-exempt municipal bonds.

HYD Factset Analytics Insight

HYD provides exposure to the high-yield municipal ETF space, with an issuer-capped index, which produces a different geographic exposure and credit risk profile than the broad market. It holds tax-exempt high-yield bonds with a broad range of maturities, with a tilt towards longer-term securities. The underlying index consists of USD-denominated municipal bonds that allocates 75% to high-yield securities and 25% towards BBB-rated securities. The fund uses a sampling method in tracking the index, which means it will invest in a sample of securities that collectively have an investment profile similar to that of the underlying index.

PERFORMANCE [as of 07/23/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS

HYD 1.07% 6.61% 4.12% 9.89% 4.38% 3.89% 5.54%

HYD (NAV) 1.10% 3.13% 5.68% 11.18% 4.83% 4.19% 5.71%

Bloomberg Barclays Municipal Custom High Yield Composite 1.44% 3.19% 6.82% 12.37% 7.39% 6.05% 7.20%

Bloomberg Barclays Muni High Yield Index -- -- -- -- -- -- --

All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

HYD Summary Data

VanEck

02/04/09

Open-Ended Fund

0.35%

$4.00B

$33.88M

0.02%

HYMB, HYMU

Fund Home Page

HYD Portfolio Data

6.57

4.39%

08/02/21

1,916

HYD Index Data

Bloomberg Barclays Municipal Custom High Yield Composite

Tiered

Market Value

Bloomberg Barclays Muni High Yield Index

HYD Portfolio Management

0.35%

-3.82%

-1.15%

Max. Downside Tracking Difference (12 Mo) -5.22%

HYD Tax Exposures

20.00% / 39.60%

0.19%

Ordinary income

HYD Fund Structure

Open-Ended Fund

-- / --

N/A

Low

Daily

HYD Factset Analytics Block Liquidity

As of 07/26/21

This measurement shows how easy it is to trade a $1 million USD block of HYD. HYD is rated a N/A out of 5.

HYD Tradability

533,413

$33.88M

402,475

$25.67M

0.02%

$0.01

0.02%

0.51% / -0.81%

None

100.00%

50,000

8.05

0.01%

1,762

$63.85

N/A

HYD Sector/Industry Breakdown

HYD

Segment Benchmark

Revenue

89.04%

General obligation

6.85%

Double barrel

4.11%

HYD Top 10 Holdings[View All]

Buckeye Ohio Tob Settlement Fing Auth 5.0% 01-JUN-2055 2.45%

Puerto Rico Sales Tax Fing Corp Sales Tax Rev 5.0% 01-JUL-2058 0.95%

Florida Dev Fin Corp Surface Transn Fac Rev VAR 01-JAN-2049 0.76%

Florida Dev Fin Corp Surface Transn Fac Rev 7.375% 01-JAN-2049 0.66%

Puerto Rico Sales Tax Fing Corp Sales Tax Rev 4.75% 01-JUL-2053 0.64%

New York Liberty Dev Corp Liberty Rev 5.0% 15-NOV-2044 0.62%

California Cmnty Hsg Agy Essential Hsg Rev 5.0% 01-FEB-2050 0.58%

Tsasc Inc N Y 5.0% 01-JUN-2045 0.48%

Florida Dev Fin Corp Surface Transn Fac Rev VAR 01-JAN-2049 0.48%

Illinois St 5.0% 01-NOV-2026 0.47%

Total Top 10 Weighting 8.10%

HYD Top 5 Countries

HYD

Segment Benchmark

United States

100.00%

HYD Top 5 Currencies

HYD

Segment Benchmark

United States

100.00%

HYD Performance Statistics

HYD Holdings Statistics

12.03 years

Effective Duration 6.57

4.39%

Credit Spread Duration 6.56

Concentration Low

Number of Holdings 1,916

Option Adjusted Spread 2.25%

HYD Avg Life Maturity Distribution

0 - 1 years 6.76%

1 - 2 years 8.31%

2 - 3 years 5.16%

3 - 5 years 12.92%

5 - 7 years 11.13%

7 - 10 years 17.63%

10 - 15 years 5.29%

15 - 20 years 5.84%

> 20 years 26.96%

HYD OAS Breakdown

0 - 100 bps 18.65%

100 - 200 bps 42.73%

200 - 300 bps 18.39%

300 - 400 bps 9.95%

400 - 500 bps 3.96%

500 - 600 bps 3.73%

600 - 700 bps 1.25%

700 - 800 bps 0.45%

800 - 900 bps 0.04%

900 - 1000 bps 0.03%

> 1000 bps 0.83%

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HYD

HYD Fund Description

HYD Factset Analytics Insight

Related Articles

HYD Summary Data

HYD Portfolio Data

HYD Index Data

HYD Portfolio Management

HYD Tax Exposures

HYD Fund Structure

HYD Factset Analytics Block Liquidity

HYD Tradability

HYD Sector/Industry Breakdown

HYD Top 10 Holdings[View All]

HYD Top 5 Countries

HYD Top 5 Currencies

HYD Performance Statistics

HYD Holdings Statistics

HYD Avg Life Maturity Distribution

HYD OAS Breakdown