VanEck High Yield Muni ETF HYD

Medalist Rating as of Sep 30, 2026 See VanEck Investment Hub

Will HYD outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable HYD’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the HYD management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of HYD’s parent organization’s priorities and whether they’re in line with investors’ interests.

Morningstar Automated Analysis

Summary

VanEck High Yield Muni ETF holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis

Rated on Sep 30, 2026 Published on Oct 27, 2026

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Portfolio Holdings HYD

More HYD Holdings

Current Portfolio DateNov 13, 2026
Equity Holdings—
Bond Holdings—
Other Holdings—
% Assets in Top 10 Holdings6.2

Top 10 Holdings	% Portfolio Weight	Market Value USD	Sector
Us Dollar	3.52	164M	Cash and Equivalents
PUERTO RICO SALES TAX FING CORP SALES TAX REV 0%	0.92	43M	municipal
PUERTO RICO SALES TAX FING CORP SALES TAX REV 5%	0.81	38M	municipal
CHICAGO ILL BRD ED 5%	0.70	33M	municipal
TOBACCO SETTLEMENT FING CORP N J 5%	0.68	32M	municipal
PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.75%	0.61	28M	municipal
NEW YORK TRANSN DEV CORP SPL FAC REV 5%	0.58	27M	municipal
PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.329%	0.49	23M	municipal
CHICAGO ILL BRD ED 5.25%	0.48	23M	municipal
FLORIDA DEV FIN CORP REV 5%	0.48	23M	municipal

VanEck High Yield Muni ETF HYD

Morningstar’s Analysis HYD

Will HYD outperform in the future?

Process Pillar

People Pillar

Parent Pillar

Summary

Portfolio Holdings HYD

Us Dollar

PUERTO RICO SALES TAX FING CORP SALES TAX REV 0%

PUERTO RICO SALES TAX FING CORP SALES TAX REV 5%

CHICAGO ILL BRD ED 5%

TOBACCO SETTLEMENT FING CORP N J 5%

PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.75%

NEW YORK TRANSN DEV CORP SPL FAC REV 5%

PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.329%

CHICAGO ILL BRD ED 5.25%

FLORIDA DEV FIN CORP REV 5%

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