VanEck High Yield Muni ETF
HYD

$52.85

0.04%

Market Cap: $3.13B

0

Funds holding %

of 6,728 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

57% more call options, than puts

Call options by funds: $1.61M | Put options by funds: $1.02M

50% more first-time investments, than exits

New positions opened: 45 | Existing positions closed: 30

12% more repeat investments, than reductions

Existing positions increased: 118 | Existing positions reduced: 105

5% more funds holding

Funds holding: 297 [Q1] → 312 (+15) [Q2]

1.83% more ownership

Funds ownership: 64.99% [Q1] → 66.82% (+1.83%) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 4 [Q1] → 4 (+0) [Q2]

1% less capital invested

Capital invested by funds: $2.05B [Q1] → $2.04B (-$13.6M) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for HYD.

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Financial journalist opinion

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

HYD: Strong Muni Bond ETF, Tax-Advantaged 4.3% Yield

VanEck High Yield Muni ETF is a simple muni bond index ETF. It offers investors a tax-advantaged 4.3% yield. Said yield is higher than average for a muni bond ETF. After-tax yields seem higher than average, too, depending on the specific tax rate.

HYD: Strong Muni Bond ETF, Tax-Advantaged 4.3% Yield

HYD: The Fed Is Making Things Difficult (Rating Downgrade)

In this review, I look at the VanEck Vectors High Yield Municipal Index ETF as an investment option at its current market price. While there have been recent positive returns seen in this sector, I see a less favorable outlook in the short term. Municipal bonds currently offer higher relative yields compared to the past decade against high-yield corporates. But we have to remember inflation and Fed rates are also relatively high.

HYD: The Fed Is Making Things Difficult (Rating Downgrade)

High-Yield Munis Could Be Interesting

Broadly speaking, bonds are lagging again this year. As of April 2022, the Bloomberg U.S. Aggregate Bond Index was lower by 3% year-to-date.

High-Yield Munis Could Be Interesting

CNBC Television

Bucking the zeitgeist on bonds

Bucking the zeitgeist on bonds.

Bucking the zeitgeist on bonds

U.S. Weekly FundFlows Insight Report: Equity ETFs Attract Net New Money During The Flows Week

Fund investors were net purchasers of fixed income funds (+$3.9 billion), commodity funds (+$220 million), and alternatives funds (+$68 million). For the week, the Treasury yield rose at the long end of the curve, with the 20- and 30-year yields witnessing the largest increases, rising 10 basis points (bps) to 4.52% and 4.41%, respectively.

U.S. Weekly FundFlows Insight Report: Equity ETFs Attract Net New Money During The Flows Week

Nuveen High Yield Muni: Generational Opportunity In Muni CEFs

Municipal bond closed-end funds (CEFs) are recommended as a top trade idea for 2024, offering the potential for high total returns in a relatively safe asset class.

Nuveen High Yield Muni: Generational Opportunity In Muni CEFs

HYD ETF: Question & Answer

By Dylan Desai, Associate Product Manager This blog addresses frequently asked questions on high-yield municipal bonds and the VanEck High Yield Muni ETF (HYD). This blog is intended to answer frequently asked questions on high-yield municipal bonds and, more specifically, the VanEck High Yield Muni ETF (HYD).

HYD ETF: Question & Answer

Income Investing Playbook 2024: Navigating the New Interest Rate Regime

Yields have reset higher across fixed income markets, leaving bonds well positioned in a range of different economic and interest rate scenarios in 2024. Introduction to Income Investing Income investing is a strategy that aims to generate a steady stream of income from investments, typically through interest payments or dividends.

Income Investing Playbook 2024: Navigating the New Interest Rate Regime

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