What is HYD?

HYD tracks a market value-weighted index of high-yield, tax-exempt US municipal bonds.

PERFORMANCE [as of 03/22/23] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
HYD 0.49% 0.47% 1.73% -8.40% 6.85% 0.02% 1.82%
HYD (NAV) 0.22% 0.45% 0.93% -8.54% 1.94% 0.32% 1.96%
ICE BofA US Municipal High Yield Securities Index 0.45% 1.27% 1.55% -4.65% 3.94% 3.36% 3.36%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

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 of varying maturities, with a tilt towards longer-term securities. The underlying index consists of USD-denominated municipal bonds, allocating 70% to high-yield, 25% to BBB-rated, and 5% to A-rated securities. The index weights its components by market value and rebalances monthly. 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. Prior to March 1, 2022, the fund tracked the Bloomberg Municipal Custom High Yield Composite Index. Then until November 30, 2022, the fund used a transition index to gradually broaden its exposure before tracking its current index.

HYD Summary Data

VanEck
02/04/09
0.35%
$2.78B
ICE Broad High Yield Crossover Municipal Index
ICE BofA US Municipal High Yield Securities Index
Open-Ended Fund

Peers

ICE BofA US Municipal High Yield Securities Index

Fund Flows

-$0.04B 5 Days
-$0.21B 30 Days
-$0.04B 90 Days

HYD Portfolio Data

7.09
--
5.59%
N/A
--

HYD Index Data

ICE Broad High Yield Crossover Municipal Index
Market Value
AMT-Free
ICE BofA US Municipal High Yield Securities Index

HYD Portfolio Management

0.35%
--
--
--

HYD Tax Exposures

20.00% / 39.60%
0.39%
Ordinary income
No

HYD Fund Structure

Open-Ended Fund
No
No
-- / --
N/A
N/A
Low
Daily

Factset Analytics Block Liquidity

As of 03/23/23

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

976,770
$50.67M
854,428
$43.63M
0.04%
$0.02
-0.20%
1.64% / -3.86%
None
100.00%
50,000
17.09
0.01%
--
1,947
$51.06
N/A

HYD Sector/Industry Breakdown

HYD Segment
Benchmark
80.43% --
6.63% --
5.37% --
2.62% --
1.38% --
1.12% --
0.80% --
0.66% --
0.52% --
0.47% --

HYD Top 10 Holdings

1.50%
1.05%
1.00%
0.86%
0.77%
0.74%
0.73%
0.67%
0.66%
0.66%
8.64%

HYD Performance Statistics

0.97
1.26
--
--
--

HYD Top 5 Countries

HYD Segment
Benchmark
100.00% --

HYD Top 5 Currencies

HYD Segment
Benchmark
100.00% --

HYD Avg Life Maturity Distribution

5.52%
3.79%
3.85%
7.76%
5.45%
6.06%
12.48%
18.17%
36.92%

HYD OAS Breakdown

26.80%
44.41%
18.70%
5.81%
1.83%
0.69%
0.65%
0.63%
0.00%
0.07%
0.41%

HYD Holdings Statistics

15.79 years
7.09
5.59%
7.18
--
--
1.78%