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VanEck High Yield Muni ETF
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- Description
- Performance
- Fundamentals
- Rate Sensitivity
- Rating
| VanEck Vectors High Yield Municipal Index ETF is an exchange-traded fund incorporated in the USA. The Fund is to replicate as closely as possible the price and yield performance of the Barclays Capital Municipal Custom High Yield Composite Index. The Fund will normally invest at least 80% of its total assets in fixed income securities that comprise the benchmark index. |
| Category | Municipals |
| Fund Sponsor | Van Eck Associates Corp |
| Website | www.vaneck.com |
| Inception date | Feb 04, 2009 |
| Assets (mns) | $2,874 |
| Currency | USD |
| Expense ratio | 32 bp |
| Distributions | Monthly |
| Regulation | Open-End Investment Company |
| Custodian | Bank of New York Mellon/The |
| Weighting | Market Cap |
| Index replication | Optimized |
| No. of constituents | 2003 |
| No of distinct issuers | 609 |
| Inflation protected | 0% |
| Variable/Fixed coupon | 5% /95% |
| Non-standard maturity (callable, etc.) | 89% |
| 0.0% /00/00 | 1.3 % |
| PUERTO RICO SALES TAX 5.0% 7/01/58 | 1.1 % |
| NEW YORK LIBERTY DEV 5.0% 11/15/44 | 0.9 % |
| PUBLIC FIN AUTH WIS L 7.0% 12/01/50 | 0.7 % |
| BUCKEYE OHIO TOB SETT 5.9% 6/01/47 | 0.7 % |
| BUCKEYE OHIO TOB SETT 5.1% 6/01/24 | 0.6 % |
| 0.0% 1/01/49 | 0.6 % |
| CHICAGO ILL BRD ED 7.0% 12/01/44 | 0.6 % |
| BUCKEYE OHIO TOB SETT 5.9% 6/01/30 | 0.6 % |
| BUCKEYE OHIO TOB SETT 6.5% 6/01/47 | 0.6 % |
| TOTAL | 7.7 % |
|---|
| BUCKEYE OHIO TOB SETTLEMENT FING A... | 3.6% |
| Puerto Rico Sales Tax Fing Corp Sa... | 2.4% |
| ILLINOIS ST | 2.2% |
| GOLDEN ST TOB SECURITIZATION CORP ... | 2.2% |
| CHICAGO ILL | 2.1% |
 |
UNITED STATES | 98.3 % |
HISTORICAL RETURNS 
| Custom date range | Compare to | ||
| thru |
| Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
| 1.9% | 6.2% | 0.4% | 3.1% | 4.9% |
| versus... | Beta | R-squared |
|---|---|---|
| Barclays Agg. Bond | 1.19 | 91% |
| S&P500 | 0.38 | 57% |
| MSCI EAFE | 0.43 | 68% |
| MSCI Emg. Mkts. | 0.40 | 62% |
| Recent close | $51.15 |
| 30d moving avg. | $49.97 |
| Annualized volatility | 8.9% |
| Short interest (ETF) | 1.2% |
| Relative strength (RSI) | 80 |
| Avg. volume (thou.) | 489 |
| Avg. daily value traded (mns) | $25 |
| Turnover | 0.9% |
| Bid/Ask (% of price) | 0.06 |
DISTRIBUTION YIELD (TRAILING 12 MONTHS)
| HYD | 12.1 yrs | Category Avg.* |
7.8 yrs |
| HYD | 11.9% | Category Avg.* |
7.7% |
| Change in YTM |
New YTM |
Est. Price Change |
Est. New Price |
| +300 bp | 9.44% | -26.6% | $37.56 |
| +200 bp | 8.44% | -19.7% | $41.06 |
| +150 bp | 7.94% | -15.5% | $43.20 |
| +100 bp | 7.44% | -10.9% | $45.59 |
| +75 bp | 7.19% | -8.3% | $46.88 |
| +50 bp | 6.94% | -5.7% | $48.24 |
| +25 bp | 6.69% | -2.9% | $49.66 |
| 0 bp | 6.44% | 0% | $51.15 |
| -25 bp | 6.19% | 3.0% | $52.69 |
| -50 bp | 5.94% | 6.2% | $54.30 |
| -75 bp | 5.69% | 9.5% | $55.98 |
| -100 bp | 5.44% | 12.9% | $57.72 |
| -150 bp | 4.94% | 20.0% | $61.39 |
| -200 bp | 4.44% | 27.7% | $65.32 |
| -300 bp | 3.44% | 44.6% | $73.94 |
*Fund Category: MUNICIPALS
ALTAR Score™
| Calculation of ALTAR Score™ | ||
|---|---|---|
| Adj. Yield to Maturity |
644 | bp |
| Less: Annual "default factor" |
70 | bp |
| Less: Expense ratio | 32 | bp |
| Equals: ALTAR Score | 5.42 | % |
| Average ALTAR Score™ by Category | |
|---|---|
| Aggregate | 3.6% |
| Corporate | 4.5% |
| Emerging Market | 6.3% |
| Government | 4.7% |
| Inflation Protected | 3.0% |
| Mortgage | 5.3% |
| Municipals | 3.4% |
| *Note: The VanEck High Yield Muni ETF is classified as a Municipals fund. | |