HYD's largest holdings are Puerto Rico Sales Tax Financing Corp Sales Tax Revenue, Chicago Board of Education, TOBACCO SETTLEMENT FIN CORP NJ, Buckeye Tobacco Settlement Financing Authority, New York Transportation Development Corp. The full top list is on this page.

How concentrated is HYD?

The top 10 holdings are 6.6% of the fund, across 2,104 positions.

The total expense ratio on record is 0.32%. That is cheaper than 44% of the 865 US-listed bond funds we track.

US-listed

HYD

Seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the ICE Broad High Yield Crossover Municipal Index.

VanEck High Yield Muni ETF

VanEck

2,104 holdings as of 2026-07-31 · top 10 = 6.6% · TER 0.32%

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Concentration

Well diversifiedtop 10 = 6.6%

diversifiedconcentrated

GROWTH · NAV (USD)rebased to 0%

Holdings

2,104

as of 2026-07-31

Top 10

6.6%

TER

0.32%

cheaper than 44% of peers

Net assets

US$4.43B

Largest

1.0%

P / E

–

Sections

Holdings as of 2026-07-31.

01Overview

the fund's regulatory facts

Fund currency

USD

Volatility 1Y

4.5%

Tracked index

ICE Broad High Yield Crossover Municipal Index

How it tracks

Index, sampling

02Performance

market price return · as of 2026-10-16

-0.2%

-4.5%

-4.8%

YTD

-4.7%

-4.4%

03Holdings

50 largest · as of 2026-07-31

#	Company	Identifier	Weight
1	Puerto Rico Sales Tax Financing Corp Sales Tax Revenue US	PRCGEN	1.0
2	Chicago Board of Education US	CHIEDU	0.8
3	TOBACCO SETTLEMENT FIN CORP NJ US	TOBGEN	0.7
4	Buckeye Tobacco Settlement Financing Authority US	BUCGEN	0.7
5	New York Transportation Development Corp US	US650116AR77	0.6
6	Puerto Rico Sales Tax Financing Corp Sales Tax Revenue US	PRCGEN	0.6
7	Chicago Board of Education US	US167505QR08	0.5
8	Florida Development Finance Corp US	US340618DR59	0.5
9	New York Transportation Development Corp US	US650116AV89	0.5
10	Arkansas Development Finance Authority US	US04110FAA30	0.5
11	City of Houston TX Airport System Revenue US	HOUAPT	0.5
12	Iowa (State of) Finance Authority (Alcoa, Inc.) US	US46246SAE54	0.5
13	Puerto Rico Sales Tax Financing Corp Sales Tax Revenue US	PRCGEN	0.5
14	Florida Development Finance Corp US	FLSDEV	0.5
15	California Municipal Finance Authority US	CASFIN	0.4
16	California Statewide Communities Development Authority US	US13080SML50	0.4
17	PUBLIC FIN AUTH WI TOLL REVENU US	PUBTRN	0.4
18	California Municipal Finance Authority US	US13048VBY39	0.4
19	Chicago Board of Education US	US167505TJ54	0.4
20	Florida Development Finance Corp US	US340618DW45	0.4
21	County of Jefferson AL Sewer Revenue US	JEFUTL	0.4
22	Metropolitan Pier & Exposition Authority US	US592250DM38	0.4
23	NEW YORK ST LIBERTY DEV CORP L US	US649519DA03	0.4
24	California Statewide Communities Development Authority US	US13080SMJ05	0.4
25	Public Finance Authority US	US74448UAA60	0.4
26	New York Transportation Development Corp US	NYTTRN	0.3
27	Mission Economic Development Corp US	US605156AC20	0.3
28	DESERTXPRESS ENTERPRISES LLC US	CASDEV	0.3
29	KENTUCKY ST PUBLIC ENERGY AUTH US	KYSPWR	0.3
30	Massachusetts Development Finance Agency US	MASDEV	0.3
31	DALLAS-FORT WORTH TX INTERNATI US	US23503CGH43	0.3
32	City & County of Denver CO US	US249271GV36	0.3
33	Commonwealth of Puerto Rico US	US74514L3K10	0.3
34	Commonwealth of Puerto Rico US	PRC	0.3
35	Commonwealth of Puerto Rico US	US74514L3L92	0.3
36	Chicago Board of Education US	US167505TK28	0.3
37	California Community Choice Financing Authority US	US13013JCS33	0.3
38	Puerto Rico Sales Tax Financing Corp Sales Tax Revenue PR	PRCGEN	0.3
39	Baldwin County Industrial Development Authority US	US05786PAA12	0.3
40	California Statewide Communities Development Authority US	US13080SEX80	0.3
41	Colorado Health Facilities Authority US	US19648FB523	0.3
42	NEW YORK ST TRANSPRTN DEV CORP US	US650116AQ94	0.3
43	Greater Orlando Aviation Authority US	US39227AAD46	0.3
44	Oklahoma Development Finance Authority US	US67884XCH89	0.3
45	CALIFORNIA CMNTY CHOICE FING A US	US13013JCB08	0.3
46	Commonwealth of Puerto Rico US	PRC	0.3
47	New York Transportation Development Corp US	US650116GN00	0.3
48	New York Transportation Development Corp US	US650116FD37	0.2
49	GOLDEN ST TOB SECURTZN CORP CALIF TOB SETTLEMENT REV US	GLDGEN	0.2
50	Chicago Board of Education US	CHIEDU	0.2

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04Exposure

Bonds 99.9%

By country

USUnited States96.4%

PRPR0.4%

CurrencyUSD 96.4%

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