VanEck High Yield Muni ETF
$HYD · VanEck · tracks ICE Broad High Yield Crossover Municipal Index · since 2009
Dividend yield
4.88%
Expense ratio
0.32%
Assets
$3.2B
About HYD
Tracks high-yield (below investment grade) and crossover U.S. municipal bonds. HYD offers significantly higher tax-exempt yields than MUB/VTEB by taking on additional credit risk in revenue-backed muni issues.
Sector exposure
- Revenue - Industrial Development22.4%
- Revenue - Tobacco14.8%
- Revenue - Healthcare13.6%
- Revenue - Transportation12.4%
- Revenue - Education9.8%
- Revenue - Housing8.6%
- Other18.4%
How StockWorthy analyses HYD
ETFs hold companies rather than generating cash flow themselves, so HYD is assessed on cost, income and the valuation of what it owns: the expense ratio, the current yield against its own 4.18% long-run average, and a holdings-weighted P/E and growth rate built from the underlying positions. Figures are educational and not investment advice.
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