High yield munis

high yield munis dollar-denominated high-yield municipal bonds issued by U. 69: 7. 7% for the year, for example, while its standard Municipal Bond Index gained 9. View & analyze the GHYIX fund chart by total assets, risk rating, Min. ETF Trends. Chang joined the firm in 2008 as a member of the high-yield team focused on bank loans. Bond Statistic Effective Duration in Years: Effective duration is a duration calculation for bonds that takes into account that expected cash flows will fluctuate as interest The Covid-19 pandemic is causing municipalities to face really serious problems, and high yield munis are the most at risk of downgrades or defaults. Category Name, High Yield Muni. territories and local governments or agencies. 90%. Read More #6. High-Yield Municipal - Schedule of Investments: FEBRUARY 28, 2021 (UNAUDITED) Shares/ Principal Amount ($) Value ($) Category: High Yield Muni Morningstar Category: High-yield muni funds invest at least 50% of assets in high-income municipal securities that are not rated or that are rated by a major agency such as Standard&Poor's or Moody's at the level of BBB (considered speculative in the municipal industry) and below. 25. S. Its performance thus can be expected to correlate with the U. The use of derivatives may reduce returns and/ or increase volatility. 2021, taxable munis can serve a number of purposes, not the least of which is respectable return. They sit at elevated prices, and have plenty of interest rate risk. 25. Performance (1-year) Expense Ratio. Separately Goldman will also make a few changes to the $22. JPMorgan High Yield Municipal Fund - The investment seeks a high level of current income exempt from federal income taxes. Nuveen is the largest high yield muni shop in the country, and quite often the largest revenue generator In depth view into HYD (VanEck Vectors High Yield Muni ETF) including performance, dividend history, holdings and portfolio stats. 055232 98. It's difficult to find precisely what you are seeking as definitions of what constitutes "high-yield" change over time. It retains its Morningstar Analyst Rating of Neutral across all share classes. Strauss • 36d A little more than a year ago, before the global pandemic reared its head, high-yield municipal bonds were very expensive. A high yield municipal bond is issued by a government. March 04, 2016. 23%. See CMU pricing, performance snapshot, ratings, historical returns, risk considerations, and more. Total return and current income that is exempt from federal income taxes through high-yield municipal bonds. Through time we have found some startling mispricings between these two asset classes. Transamerica Issuer United States Applied In US89356L5773 ISIN Symbol State Street Bank & Trust Co The average high-yield muni fund returned about 3% more annually than the average high-quality offering during the decade ending Dec. Then something snapped suddenly. From the start of 2017 through February, its share price traded in a range of less than $7, starting at $59. Jan-15-20 According to present data VanEck Vectors ETF Trust - VanEck Vectors High Yield Muni's HYD shares and potentially its market environment have been in a bullish cycle in the last 12 months (if exists). 2. Broad Category, Fixed Income. 29 and its 200-day moving average price is $60. Our current example certainly fits that description. SEC 30-day yield is a standardized measure based on the estimated yield to maturity of a fund's investments over a 30-day period and is based on the maximum offer The muni bond fund returns are easily compared with similar taxable bonds using a tax equivalent yield calculator. 3% gain and placing in the best third of distinct high-yield muni funds. to 8 p. The yield for a 10-year muni bond rated BAA was 3. Prospectus Objective, Municipal Bond - National. municipal bonds 2. 19% 0. 97. S. com The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Bloomberg Barclays Municipal Custom High Yield Composite Index. com/strategies/high-yield-municipal-bond/overview The fund seeks federal tax-exempt current income and taxable capital appreciation by investing primarily in medium- and lower grade municipal securities. The fund tracks a market-weighted index of high-yield, long-term and tax-exempt muni bonds, and it’s one of the few high-yield muni bond ETFs. Rated charter school bonds are priced 60 to 80 basis points over high-grade munis, while non The VanEck Vectors Short High-Yield Municipal Index ETF (NYSEARCA: SHYD) seeks to offer funding outcomes, with a excessive diploma of correlation, comparable to the Bloomberg Barclays Municipal High Yield Short Duration Index. The high yield and BBB-rated segments of the municipal market have returned just 2. S. The product looks to put 75% in non-investment grade munis while allocating about 25% to Baa/BBB rated securities as well. 9 billion Nuveen High Yield Municipal Bond Fund has also tumbled along with its benchmark. MFS High Yield Municipal Trust (CMU) MFS High Yield Municipal fund seeks high current income exempt from Federal income tax with capital appreciation through investment in non-investment grade bonds and notes. Past performance is not indicative of future results. High Yield Muni Sector Why MUB? 1. Throughout history, the ratio has averaged about 0. 15 - 25. Ensuring steady and safe investment yield. 63% so far this year. 6%, respectively. 61 +0. Find our live Goldman Sachs High Yield Municipal Fund Institutional Class fund basic information. 3 billion in net new money to the total. Munis are issued by state and local governments in order to finance day-to-day activities or spec Bloomberg Barclays Municipal Bond 65-35 Investment Grade/High Yield Index, 0. 91: 7. S. S. Free ratings, analyses, holdings, benchmarks, quotes, and news. m. Largely because of these rising inflows, high yield municipals were spared much of the volatility Assume the muni-Treasury ratio is 0. Per a Wall Street Journal report , “Covid-19 is wreaking havoc on the market for risky municipal bonds. Total return and current income that is exempt from federal and CA income taxes through high-yield municipal bonds. High Yield Muni Type. High Yield Muni High-Yield Muni portfolios typically invest a substantial portion of assets in high-income municipal securities that are not rated or that are rated at the level of or below BBB (considered high-yield within the municipal-bond industry) by a major ratings agency such as Standard & Poor s or Moody s. High-yield muni deals of that size don’t come around that often, so fund managers feel the pressure to to grab as much as possible. Monday through Friday 8 a. ” This is a great way to lose a lot of money. 63% and 2. Nevertheless, Bernstein said on Monday he sees high-yield munis as an undervalued asset class, with yields in some cases rivaling or exceeding the most risky of emerging-market sovereign yields 00238384 2019 TAX INFORMATION LETTER Nuveen Municipal Mutual Funds National Funds: Municipal Total Return Managed Accounts Portfolio (MAPS) Nuveen All-American Municipal Bond Fund (AA) High-Yield Municipal Fund. 38%, 6. 79% Expenses: 1. 59%. As investment‑grade muni yields continue to decline, flows back into high yield munis could be a tailwind for future performance. 59% 0. Further Reading: What factors cause inflation to rise? Want to see what other hedge funds are holding HYD? Throughout 2012, high-yield muni funds have seen some of the best total returns among bond funds, with consistent inflows. (out of 179 funds in the High Yield Muni Bond Category) Morningstar Proprietary Risk-Adjusted Ratings Performance as of 3/31/2021 For more information about Morningstar Star Ratings TM including methodology, visit our Strength Across the Board page. 6 billion Invesco High Yield Municipal (ACTDX) yields 4. 60 The Gross and Net Expense Ratios are as of the most recent prospectus. FMHI | ETF. That’s the most in nearly three decades. Get detailed information about the VanEck Short High-Yield Muni ETF including Price, Charts, Technical Analysis, Historical data, VanEck Short High-Yield Muni Reports and more. 067615 96. That’s the most in nearly three decades. 75. 0. 97. 4% of retail CFD accounts lose money. 91. 3% and 9. Market Vectors High-Yield Muni ETF . 3%. High Yield Muni, 0. Buy These 4 High Yield Muni Funds This encouraging backdrop calls for investors’ attention to four high yield muni mutual funds that boast a Zacks Mutual Fund Rank #1 (Strong Buy) and have Morningstar's powerful Mutual Fund Screener helps investors find the right mutual funds to buy. High-yield bonds are priced for the Nevertheless, Bernstein said on Monday he sees high-yield munis as an undervalued asset class, with yields in some cases rivaling or exceeding the most risky of emerging-market sovereign yields Important Things to Know About High-Yield Munis Right Now. These rates reflect the approximate yield to maturity that an investor can earn in today’s tax-free municipal bond market as of 04/28/2021. This is obviously a big problem for the Alpine High Yield Managed Dur Muni A fund with Puerto Rico threatening to restructure debt and postpone bond payments. Search. 1 While the higher-quality part of the market has performed well this year, we believe the lagging recovery among lower-quality issues may present an opportunity for investors. 78%, 0. These municipalities issue In general, the high-yield muni market is made up of issuers that function with a greater degree of operational risk compared to issuers in the investment-grade muni market. 9%. Plus500. bond market and may make this fund an attractive option for investors looking to diversify away from stocks. Still, some industry watchers warn of large risks for the sector. In 2014, the year to date return is 16. 5x asset coverage, which we define as our appraisal of a firm’s value divided by the value of its debt fully drawn. Land-backed and health care muni bonds have returned just short of 11% and 10%, respectively. Miller. Cboe BZX. , Fitch, Inc. High Yield Muni Mutual Funds : Mutual Fund Fees This database will allow you to view the fees and other expenses associated with mutual funds as well as an alternate, lower cost, ETF option. Prior to joining the firm, he spent six years at Pimco as a bank loan trader and high-yield credit research analyst. High-yield municipal bond funds are getting a lot of love these days, thanks to their blistering performance and Muni New York Interm : 5 stars among 50 Funds : 5 stars among 47 Funds : 4 stars among 42 Funds : High Income Municipal Portfolio : High Yield Muni : 4 stars among 179 Funds : 4 stars among 152 Funds : 4 stars among 100 Funds : Intermediate California Municipal Portfolio : Muni Single State Short : 4 stars among 35 Funds : 4 stars among 32 Amid low interest rates, clients looking for a tax break and more income may be tempted to consider high-yield municipal bonds. Under normal circumstances, the fund invests at least 80% of its assets (net assets, plus the amount of borrowings for investment purposes) in municipal securities, the income from which is exempt from federal income tax. In fact, investors have poured $8 billion into funds that deal in high-yield muni bonds – or junk munis – this year, according to Refinitiv data. 30 and a 200-day moving average price of $60. The MFS CMU MFS ® High Yield Municipal Trust summary. High-Yield Muni Bond Funds . 4 · High-yield municipal bonds are subject to greater risk of loss of income and principal than higher-rated securities, and are likely to be more sensitive to adverse economic changes or individual municipal developments than those of highe High-yield securities have a greater risk of default and tend to be more volatile than higher-rated debt securities. co/fees for details. 00%) · NAV Total Return as of Apr 28, 2021 YTD: 4. 1 The municipal market was waylaid by pandemic-fueled dislocation in the first quarter, resulting in a monthly record $44 billion in municipal fund net outflows in March alone, before federal financial support improved investor confidence and reversed fund flows. 41%. Exposure to a broad range U. Just because this low-interest rate environment has pushed the yields down on many stocks and bonds, it doesn’t mean investors should go “yield chasing. The main drivers of that have been strong retail demand, reduced supply because of tax reform, and the Federal Reserve pivot removing that interest rate overhang mentioned before. 26. Morningstar High Yield Muni Category 1 Year 30% (63 of 196) 3 Years 36% (68 of 179) 5 Years 29% (47 of 152) 10 Years 24% (24 of 100) Source: Morningstar Inc. ETF Database. Additionally, high-yield munis are currently offering nearly 4% more in yield than investment grade munis. リアルタイムや過去のデータ  4 days ago The red Treasury yield curve is equal to or greater than AAA TEY curve. Short and long-term investment opportunities (corporate bonds tenor from 1 year to 2-3 years): Flexible in 14 Dec 2020 Government debt has typically been viewed through the lens of a solid safe haven play. 22% 1. Its expense ratio is below average compared to funds in the High Yield Muni category. 始値. Morningstar Category High yield muni 1 year 164 out of 196 3 year 58 out of 177 5 year 59 out of 152 10 year N/A Overall Morningstar Rating ™ ★★★★ The Overall Morningstar Rating, a weighted average of the 3-, 5-, and 10-year (if applicable) ratings, is out of 177 funds in the High yield muni category, based on risk-adjusted returns as That has driven the yield on 10-year benchmark bonds to about 0. 26 and climbing to as high as $66. It is either not rated by the major credit rating agencies or has been given a rating  27 Jan 2020 Navigating the high-yield muni market: thoughts from our municipal bond team. With the Federal Funds rate sitting near zero and 10-year US Treasury yields offering a 0. Going down the credit spectrum in search for yield proved to be a winning strategy. 41% 0. 77%, 5. 2 High Yield Muni: Fund Family: Nuveen Cl A: Fund Status: Open: Fund Inception: June 7, 1999: Manager: John V. 出来高 . Features of the product. Investing In The High Yield Municipal Market For The Serious Muni Credit Investor. MAB – Yield 6. SHYD | ETF--$282. Speaking of returns, a high-grade general obligation taxable muni will out-yield a bank-qualified (BQ) issue at any point on the yield curve. HYD allows investors to own a basket of U. 00. VanEck Vectors High Yield Muni ETF has a one year low of $41. 002385 3. 1 Yields are subject to change. The largest muni bond ETFs include iShares S&P National AMT-Free Municipal Bond (), Market Vectors High-Yield Municipal (), PowerShares Insured National Municipal Bond (), PowerShares Build America Bond (), SPDR Barclays Capital Municipal Bond and SPDR Nuveen Barclays Capital Short Term Municipal Bond (). Sept. In fact, investors have poured $8 billion into funds that deal in high-yield muni bonds – or junk munis – this year, according to Refinitiv data. VanEck Vectors High Yield Muni ETF (HYD) 62. Lord Abbett High Yield Municipal Bond A HYMAX #5. 869. Muni bond investors, take note: The municipal bond funds listed here are among the best mutual funds of 2020, based on their performance vs. Most think of municipal debt as only high quality and, when you consider the entire muni universe, that’s broadly true, with high yield only 3% of the approximate $3. If you're already a Vanguard client: Call 800-888-3751. Per Morningstar, there are 37 high yield muni funds with $67 billion of AUM (these funds also allocate to IG munis), which alone consume the approximately $63 billion in high yield muni markets. This fund's expense ratio is a middling 0. High Interest in High Yield Munis Pandemic or not, investors have been quick to hop on board the high yield muni train. Investors should temper their expectations for future returns. The after-tax income potential of munis has reached multiyear highs, even after the Tax Cuts & Jobs Act reduced the marginal tax rate for most individuals. The Treasuries investor receives an after-tax yield of 3% (4% x 0. Blackrock High Yield Muni In. 51%, 8. Goldman Sachs High Yield Muni P (GGLPX) 10. In contrast, Nuveen’s municipal bond holdings, at $150 billion, dwarf Preston Hollow’s. High Yield Bonds For High Yield Munis. It is a "basket" of securities that index the High Yield Muni investment strategy and is an alternative to a High Yield Muni mutual fund. High-yield stocks are commonly found in energy, real estate, utilities, consumer products, and a few other sectors. 003211 5. 13% ) USD | Apr 19, 15:45 Seeking Alpha - The short-duration high-yield tax-exempt municipal sector remains one attractive option for rising rates on several fronts that we discuss in the … Short-Duration High-Yield Munis Remain Attractive Options - Flipboard high yield munis. With this lower rating, high-yield bonds typically have a much higher coupon payment than a comparable investment-& Broad Asset Class, Municipal Bond. Yield-to-worst (YTW) is the lowest potential yield that can be received American Century High-Yield Muni Y (AYMYX), launched in 2017, has been managed by Alan Kruss since January 1, 2012, at American Century Investments. 2 High Yield Funds VanEck Vectors High Yield Muni ETF's stock was trading at $58. 5 billion of inflows last year alone, according to data from Lipper, a Thomson Reuters unit. The higher the muni-Treasury ratio, the more attractive munis are relative to Treasuries. The broad municipal market is generally higher quality, with roughly two-thirds of issuers rated AA or better. Across U. For managers with a dynamic and active strategy who can do their homework, we think there’s value to be had—both on an absolute and tax-equivalent basis. Get VanEck Vectors High Yield Muni ETF (HYD:CBOE) real-time stock quotes, news, price and financial information from CNBC. 12 Jul 2018 Bonds that are rated BB or Ba are considered below investment grade and referred to as high yield or junk. ACTHX invests a minimum 75% of its assets in medium and low-rate municipal bonds that are You would always compare 10-year munis to 10-year Treasuries, and so on. Sticking with long-maturity Flows into high-yield muni bond funds have been positive every year since 2014, with $7. It’s scary enough to attempt to catch a falling knife the first time. The Bloomberg Barclays Municipal Yield Index (the ‘Index’) is market value-weighted and designed to measure the performance of U. Search for a mutual fund by symbol or name: For example, hospital bonds now yield about 80 basis points over high-quality “AAA”-rated munis. That, in a nutshell, is the state of the high-yield muni market. Over the last decade, portfolio managers increasingly turned toward high yield bonds in search for alpha. S. 83%. Investors who want a higher returns can invest in high yield municipal bonds. Guggenheim Capital LLC owned […] Get fund performance data on Franklin California High Yield Municipal Fund Class A1 (FCAMX) including growth, trailing returns, and quarterly and monthly returns. We seek to identify high yield companies with strategic importance in their industries – those with large market shares, low-cost assets and high barriers to entry. HYMU:US. Of SWHYX is the successor to the investment performance of the Wasmer Schroeder High Yield Municipal Fund (Predecessor Fund) as a result of the reorganization of the Predecessor Fund into SWHYX on August 10, 2020. 25. The red Treasury yield curve is equal to or greater than AAA TEY curve PGIM High Yield Fund seeks to maximize current income via its style pure approach to investing in a diversified portfolio of high yield bonds. 80% 12 $4,294. However, a good proxy would be a high-yield tax-exempt mutual fund such as VWAHX, which goes back to 1978 (inception). 4%, 6. 75 - 10. The yield for a 10-year muni bond rated BAA was 3. 39 M-$0. 94%, less than one-third of what it was in 2013. The spread between high-yield and investment-grade munis was recently 260 basis points (2. The stock has a fifty day moving average price of $62. 17, after adding $832 million the week before, which was the second-biggest inflow ever. Preston Hollow’s business model, of course, only exacerbates this issue. (bp) higher than Treasurie 10 Jan 2020 High-yield municipal bond exchange-traded funds (ETFs) invest in the debt issued by states, counties, cities, special purpose districts or local government agencies. 01:38:30 'Bloomberg Daybreak: Middle East' Full Show (01/31/2021) 07:09. The average high-yield municipal fund currently has about 60 percent of VanEck Vectors High Yield Muni ETF ETF , HYD. 66 +0. The ICE BofA High Yield Master II OAS uses an index of bonds that are below investment grade (those rated BB or below). While the credit risks in high-yield municipal bonds can be much different from traditional investment-grade public-purpose municipal financings, the recent performance of the high-yield muni sector has been much different from high-yield corporates, as shown by the indexes below. Munis, however, “still offer value for individual investors in high-tax states. This ETF follows the Barclays Capital Municipal Custom High Yield Composite Index which tracks a variety of municipal bonds from across the country. It has significant assets under management of $2. 7 million Goldman Sachs Dynamic Emerging Market Debt fund, effective December 26. S. Preston Hollow’s business model, of course, only exacerbates this issue. Morningstar Category Avg High Yield Muni — AS OF 12/31/20 Expense Ratio - Gross (%) 0. 5% and the yield on the 10-year Treasury is 2. Mid-grade and high-yield muni credits have rallied significantly after sharp sell-offs during the 2008 financial crisis, the 2010 drop, the 2013 taper tantrum and the 2016 election (Display). 10 "The ratio comparison of municipal high yield to corporate high yield at 106. Read More #7. As of March 2016, ABHYX held 310 issues, with 1. 27%, 4. 44 -0. This fund tracks the BBgBarc Municipal TR USD index, with a weighting of 100%. In the first quarter, the Bloomberg Municipal Index returned 2. Currently there seems to be a trend where stocks in the Industrial Services sector(s) have been popular in this period. municipal bonds. It pays monthly and has done so every month since 2003, including as recently as this January. However, there are a few major pitfalls that investors tend to fall into when they assemble a high-yield portfolio: Mistake #1) Too Much Sector Concentration. -dollar-denominated, high-yield, long-term bonds. High Yield Muni - Three-Year Return. 070000 VanEck Vectors® Short High Yield Muni ETF SHYD 07/08/2020 0. It has significant assets under management of $2. · Enhanced Liquidity Features: HYD& High Yield Municipal Bond - Hamlin Capital Management hamlincm. Interest income from the fund’s investments may be subject to the federal alternative minimum tax (AMT) for individuals, and state and local taxes. These bonds pay more than investment-grade counterparts, but are risky. Access to 2000+ municipal bonds in a single fund 3. The fund tracks a market-weighted index of high-yield, long-term and tax-exempt muni bonds, and it’s one of the few high-yield muni bond ETFs. 90% but high yield munis have returned 3. 14%, 1. 64%. 38% · Morningstar Rating. 75), so the yield on the two bonds is equal. 19 We continue to believe that high yield munis are very attractive because the asset class is very “equity-like” (meaning very sensitive to the economy) and it offers a tax-equivalent yield that is roughly three percent higher than the S&P 500®’s earnings yield. Looking forward, I believe that investment grade municipals will remain fairly stable High-yield munis are compared not with Treasuries (since it's assumed that if you're buying munis, it doesn't make sense tax-wise for you to buy taxable bonds) but with top-quality munis. 62. 03%. This was much more a liquidity crisis versus a financial stability crisis. 06%, and long investment grade (IG), with a return of +0. Barclays Capital’s Muni High Yield Bond Index rose 10. 5% (over 10% tax-equivalent!). 94%, 5. American Century High Yield Municipal is run by seasoned managers using improved analytic tools, but its compact analyst team and standard process support a Morningstar Analyst Rating of Neutral High-yield municipal bond exchange-traded funds (ETFs) invest in the debt issued by states, counties, cities, special purpose districts or local government agencies. USD. Because credit underperformed over the 12-month period, the tilt in the investment-grade funds toward high-quality securities added value, particularly during the market sell-off. 54%, 5. 77%, 4. High-yield muni funds drew in $578 million in the week ended Feb. These municipalities issue bonds to raise money for civi 21 Sep 2020 Shifting a portfolio allocation to include a tactical high yield muni strategy has historically helped investors manage stock market risk. Because high-yield municipal bonds are considered riskier than investment-grade munis, this fund is not suitable for all investors. They’re less commonly found in tech stocks and some other industries. 00 ( +0. 84 Expense Ratio - Net (%) 0. 10 Class A shares vs. 13%  The BlackRock High Yield Muni Income Bond ETF (the “Fund”) primarily seeks to maximize tax free current income and secondarily seeks to maximize capital appreciation with a portfolio composed principally of high yield and other income &nb Invests in municipal securities that are exempt from federal income taxes; Seeks a competitive yield and higher after-tax returns by focusing on high yield municipal bonds; May invest up to 100% in securities rated below investment- grade MainStay MacKay High Yield Municipal Bond stands out for its seasoned team and aggressive yet disciplined approach supporting a Morningstar Analyst Rating of Bronze for most share classes, while its expensive C share class is rated  Nuveen High Yield Municipal Bond's highly aggressive approach outweighs the benefit provided by its deep analyst team. Morningstar rankings are based on total return, excluding sales charges and including fees and Inside 10 years, munis are rich… well, most AAA munis and several AA muni yields are rich. Assumes that coupon payments can be reinvested at the yield to maturity. 14%, 10. In mixed market conditions, greater emphasis on bonds of higher quality may help cushion investors amid volatility. 6. 6 billion) for the peer group this year, while HM ETFs contributed $1. 0. Paris noted that new muni bond issuance was 20% lower in the High-yield muni deals of that size don’t come around that often, so fund managers feel the pressure to to grab as much as possible. Under normal market conditions, and as a fundamental policy, the fund will invest at least 80% of its net assets (plus borrowings for investment purposes) in securities the income from which, in the opinion of counsel to the issuer of each security, is exempt from regular federal individual and, as applicable, the fund's state income tax. 81% 0. The fund's lower credit quality may provide a higher yield, but it makes the fun Tax-managed investors may want to consider municipal high yield, which can offer strong tax equivalent yields at a historically attractive level of volatility. (blue) at 3 – 8 years. 9 trillion muni market. An active high-yield tax-free mutual fund seeking a high level of current income exempt from federal income taxes with a secondary Overall, based on the risk- adjusted returns from among 179 High Yield Muni funds, as of 03/31/2021. 90: Western Asset Municipal High Income I-----Western Asset Municipal High Income C----- Western Asset Municipal High Income A the price of the $21. A High-Yield Muni Fund Finds Bond Bets for the Long Haul - Flipboard A High-Yield Muni Fund Finds Bond Bets for the Long Haul Barron's - Lawrence C. This low-cost municipal bond fund seeks to provide a high level of federally tax- exempt income and typically appeals to investors in higher tax brackets. February 28, 2021. , and Standard & Poor’s is Ba1/BB+/BB+ or below. 24% 0. A large team of credit analysts seeks value, targeting municipal bond market inefficiencies in pursuit of the Fu 12 Feb 2021 Emerging Markets and Munis · A High-Yield Muni Focus: The underlying Index is comprised of highest-yielding municipal bonds with income generally exempt from federal taxes. Find real-time HYD - VanEck Vectors High Yield Muni ETF stock quotes, company profile, news and forecasts from CNN Business. We expect mid-grade credits to follow a similar path in the post-COVID-19 recovery. 6%, respectively. Investment Policy. Morningstar Category Avg. 89. 45%, 5. Also, assume that munis yield 3% and Treasuries yield 4%. 27% as of Aug. Barbara A. 安値 - 高値 レンジ(日). 08 ( -0. The index tracks the general efficiency of high-yield, short-term, tax-exempt U. See MMHYX pricing, performance snapshot, ratings, historical returns, risk considerations, and more. 09/30/2016 Inception. 35%. The underlying problem with the analysis is that muni fund managers like Costas live in a world of relative performance. • July 29, 2020: Bond, Core Fixed Income, Dynamic Municipal Income, Emerging Markets Debt, Enhanced Income, Global Income, Government Income, High Quality Floating Rate, High Yield, High Yield Floating Rate, High Yield Municipal, Inflation Protected Securities, Investment Grade Credit, Local Emerging Markets Debt, Long Short Credit Strategies MainStay MacKay High Yield Municipal Bond stands out for its seasoned team and aggressive yet disciplined approach supporting a Morningstar Analyst Rating of Bronze for most share classes, while Fund highlights. Menu. 9 Amid low interest rates, clients looking for a tax break and more income may be tempted to consider high-yield municipal bonds. The Net Expense Ratio includes contractual expense reimbursements that, if not extended, will end on July 31, 2021. The process employed here matches th High Yield Municipal Fund · NAV as of Apr 28, 2021 $10. 77. 25. 04/22/2021 10:15 PM NYA. 4%, 6. 55%. Enhanced yield potential: The team searches for higher-yielding and undervalued bonds that may offer enhanced yield and total return. 76% 0. VanEck Vectors High Yield Muni ETF has a fifty-two week low of $41. The Fund seeks to replicate as closely as possible, the price and yield performance of the Bloomberg Barclays Municipal Custom High Yield Composite Index. Prior to joining the firm, he spent six years at Pimco as a bank loan trader and high-yield credit research analyst. As credit lagged, the High-YieldTax-Exempt Fund underperformed its broad investment-grade muni market benchmark. The company’s fifty day moving average price is $62. who advises high net-worth individuals at Taylor Financial Group in New Jersey The tables and charts below provide yield rates for AAA, AA, and A rated municipal bonds in 10, 20 and 30-year maturity ranges. Buy These 4 High Yield Muni Funds High Yield Muni High-Yield Muni portfolios typically invest a substantial portion of assets in high-income municipal securities that are not rated or that are rated at the level of or below BBB (considered high-yield within the municipal-bond industry) by a major ratings agency such as Standard & Poor s or Moody s. High yield munis are bonds issued by state or local governments that are unrated by the major rating agencies or that have credit ratings that are below investment grade. Munis are issued by state and local governments in order The Morningstar High Yield Muni Category includes funds that invest at least 50% of its assets in higher-income municipal securities that are rated BBB or below by a major agency. 28%. Yield-hungry investors are plowing record amounts of cash into high-yield munis. 6 billion in assets, was the picture of tranquility for much of the past three years. 0%, the ratio is 0. The VanEck Vectors High Yield Municipal Index (ticker HYD), with $3. Translation: the taxable equivalent yield (TEY) is less than a comparable maturity Treasury, so it may make more sense to buy a Treasury in that maturity range. 51%, 0. 00 ( +0. This data represents the ICE BofA US High Yield Index value, which tracks the performance of US dollar denominated below investment grade rated corporate debt publicly issued in the US domestic market. The wider Despite less credit risk, high yield munis still face headwinds. , Eastern time Under normal market conditions, and as a fundamental policy, the fund will invest at least 80% of its net assets (plus borrowings for investment purposes) in securities the income from which, in the opinion of counsel to the issuer of each security, is exempt from regular federal individual and, as applicable, the fund's state income tax. 25. blocked blocked blocked 1. Nuveen High Yield Municipal Bond A NHMAX #6. 27% as of Aug. “Munis are more attractive than they used to be but in my opinion they High-yield, lower-rated securities generally entail greater market, credit/default and liquidity risks and may be more volatile than investment-grade securities. As illustrated in the chart below, high-yield munis tend to have a higher correlation to equities than investment-grade munis do. People who own munis tend to own them for the tax benefit and they tend to own most of their assets, if not all of their assets, in the muni asset class. 39%. The municipal bond market continues to benefit from both strong demand and limited supply. 36 and a fifty-two week high of $62. High-yield muni portfolios invest at least 50% of assets in high-income municipal securities that are not rated or that are rated by a major agency such as Standard & Poor's or Moody's at the level of BBB (considered speculative in the municipal industry) and below. Historically, high-yield munis have not provided the same diversification benefits that investment-grade municipal bonds have. Monthly tax-exempt income: The Fund seeks to provide a high level of regular income to help investors meet income goals and manage taxes. 7 High Yield Fds Leveraged ** HYL : 29. The BlackRock High Yield Muni Income Bond ETF (the “Fund”) primarily seeks to maximize tax free current income and secondarily seeks to maximize capital appreciation with a portfolio composed principally of high yield and other income generating U. High Yield Munis: Opportunities in a Small Corner of the Market Municipal bonds with below investment-grade credit ratings are a small component of the overall asset class, accounting for about 5% of the total market. “High yield is a much harder market for pricing services to price, and it’s as liquid as mud,” said a Midwest-based municipal fund portfolio manager. Corporate High Yield Index. Investors are hungry for yield, and they appear to be satisfying that hunger with risky, high-yield municipal bond funds. 57: 3. High yield munis are generally isolated from the struggles of counties and cities. Use to seek tax-exempt income Effective March 1, 2016, MUB changed its fund name from the iShares National AMT-Free Muni Bond ETF to the iShares National Muni Bond ETF. The yield is generally around 4%. This is my vote for the Best Muni ETF because of its combination of a high yield with consistent returns since 2003…and diversification – it represents several states. 05. The fund invests in high-yield bonds issued by municipalities across the country, primarily bonds in the top tier of the below-investment-grade  with a high level of income exempt from federal and California personal income taxes, with capital appreciation as a secondary goal, by investing in municipal securities of any rating category, including higher yielding, lower-rated Disciplined fundamental investment process with stringent risk controls; High- yield municipal strategy benchmarked to the Barclays Muni High Yield 5% Tobacco 2% Issuer Cap Index; Seeks to buy attractively priced tax-exempt securities&nbs Learn everything about VanEck Vectors High-Yield Municipal Index ETF (HYD). 3) High yield corporates now have virtually no yield advantage to equities, which M unicipal bonds delivered mixed performance in the first half of 2020, with the investment grade portion of the market gaining 2. 43 · 1 Day NAV Change as of Apr 28, 2021 0. First Trust Municipal High Income ETF. 52週レンジ. Their spread with investment-grade munis has shrunk, and some bonds in the high-yield sector are struggling to manage debt obligations. The stock price for VanEck Vectors ETF Trust VanEck Vectors High Yield Muni ETF (BATS: HYD) is $62. An investor can also now realistically hope for an issue that’s reasonably proximate to its footprint. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. Wall Street analysts have given BlackRock High Yield Muni Income Bond ETF a "N/A" rating, but there may be better short-term opportunities in the market. 76. The fund owned 299,808 shares of the company’s stock after selling 40,868 shares during the period. If you remember back to the global financial crisis, default expectations — and this happens when high yield is under stress — tend to overshoot. 8. The BlackRock High Yield Muni Income Bond ETF (the “Fund”) primarily seeks to maximize tax free current income and secondarily seeks to maximize capital appreciation with a portfolio composed principally of high yield and other income generating U. 3% and 9. 19%. High-yield municipals are represented by the Bloomberg Barclays High Yield Municipal Bond Index. 2 This small market size of $100 billion as of March 1, 2018, means that most high yield municipal bond funds blend in 40-60% investment grade tax-exempt Get the latest VanEck Vectors High Yield Muni ETF (HYD) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment Goldman Sachs High Yield Muni Inv (GYIRX), launched in 2010, has been managed by Joseph Wenzel since July 29, 2019, at Goldman Sachs. HYD, which tracks a market-weighted index of high-yield Instead, its relatively high yield distribution rate (remember that municipal bond yields are lower than most other bonds, but make up for it through tax exemptions) is a result of a high (37% The index is composed of publicly traded municipal bonds that cover the U. 36% year to date through November 20, respectively; by comparison, AAA-rated bonds have returned 5. According to Morningstar, the high-yield muni mutual fund posted three-month, year-to-date (YTD) and one-year returns of 1. 77. a benchmark index. Other Robinhood Financial fees may apply, check rbnhd. 052489 94. Add to watchlist Trade Now. Making matters worse, assets are extremely concentrated in a handful of big funds. Its expense ratio is above average compared to funds in the High Yield Muni category. S. MHI’s investment objective is to generate high levels of tax-exempt income. 9 High-Yield Munis Are Due to Cool Bonds of less-creditworthy municipal issuers have surged in the last year. If you want to stick with muni bonds from Texas, the 23rd highest-rated Still, muni bond funds offer yield-hungry investors a great opportunity to invest in a safe fixed-income investment in any environment. Home > Fund Pages > Transamerica Asset Management Inc > Transamerica High Yield Muni > THAYX Class A Shares Transamerica High Yield Muni A - THAYX View All Share Classes Join other Individual Investors receiving FREE personalized market updates and research. 更新日時 2021/04/17. 35% Expected Lifetime Fees: $11,154. FUND CHARACTERISTICS Fund Number of JHancock High-Yield I (JYHIX) JHancock High-Yield Muni Bond A (JHTFX) JHancock High-Yield Muni Bond B (TSHTX) JHancock High-Yield Muni Bond C (JCTFX) JHancock3 Core High Yield A (JYIAX) JHancock3 Core High Yield I (JYIIX) JHFunds2 High Income NAV (JHAQX) JHFunds2 High Yield 1 (JIHDX) JHFunds2 High Yield NAV (JHHDX) JHFunds2 US High Yield Bd 1 Morningstar Category High yield muni 1 year 164 out of 196 3 year 58 out of 177 5 year 59 out of 152 10 year N/A Overall Morningstar Rating ™ ★★★★ The Overall Morningstar Rating, a weighted average of the 3-, 5-, and 10-year (if applicable) ratings, is out of 177 funds in the High yield muni category, based on risk-adjusted returns as Like tobacco bonds, other high-yield sector munis have also performed well this year. High Yield Municipal Bond Funds and ETFs are mutual funds that focus on the high-yield or junk municipal sector of the fixed-income markets. states, the District of Columbia, U. 30, 2006, high yield munis had a very low 15 percent correlation with the S&P 500, while high yield corporate bonds had a much higher 50 percent correlation. 4%. While many investors most often think of tax-loss swaps as a year-end strategy, now may be a good time to review your portfolio High-Yield Munis Outperform as Credit Spreads Narrow. 5 billion of inflows last year alone, according to data from Lipper, a Thomson Reuters unit. 50: 1. Now imagine doing so after already suffering a deep cut. According to reports, the Alpine High Yield Managed Dur Muni A has approximately 13. Since then, HYD stock has increased by 7. municipal bonds. In depth view into GGLPX (Goldman Sachs High Yield Muni P) including performance, dividend history, holdings and portfolio stats. 65% yield, it’s hard to ignore high-yield munis altogether. 12 Nav. S. The Fund seeks to provide high current income exempt from High Yield Bonds For High Yield Munis While many investors most often think of tax-loss swaps as a year-end strategy, now may be a good time to review your portfolio for opportunities to harvest However, there are avenues for investors looking for more municipal income, including the VanEck Vectors Short High-Yield Municipal Index ETF (SHYD C+) and the VanEck Vectors High-Yield Municipal High Yield Muni - Fund Sector. -domiciled High Yield Muni funds, the High Yield Municipal Bond Fund received 3 stars among 179 funds and 4 stars among 152 funds for the 3- and 5-year periods, respectively. Find real-time SHYD - VanEck Vectors Short High Yield Muni ETF stock quotes, company profile, news and forecasts from CNN Business. 9 trillion muni market. So, for example, if the yield on 10-year AAA munis is 1. 2 To calculate a municipal bond’s taxable‑equivalent yield, which is the pre-tax yield of a tax-free bond if it were taxable, divide the yield by the quantity of 1. 00% ) USD | Apr 22 lower-quality munis, though. High-yield munis are usually lower rated because they are supported not by the taxing power of the state or local government that issues them, like general-obligation bonds, but rather by the Excerpted below is a portion of Miriam Sjoblom’s interview with Rafael Costas, during which Costas makes a case for investing in high-yield munis. ” With both municipal bonds and Treasuries range-bound last week and ending with a constructive tone, strategists and analysts expect the trend to continue. 67. High-yield munis are not a replacement for investment-grade munis. As would be expected from these totals, the largest individual net inflows within the peer group all belonged to mutual funds. 00 (0. Lipper Leader Scorecard as of 12/31/2020 High yield muni debt mutual funds are responsible for the lion’s share of the net inflows (+$17. . 7 million Goldman Sachs Dynamic Emerging Market Debt fund, effective December 26. Morningstar Category High yield muni 1 year 126 out of 196 3 year 99 out of 179 5 year 57 out of 152 10 year N/A Overall Morningstar Rating ™ ★★★★ The Overall Morningstar Rating, a weighted average of the 3-, 5-, and 10-year (if applicable) ratings, is out of 179 funds in the High yield muni category, based on risk-adjusted returns as Why high-yielding muni bond funds are falling which use leverage to magnify yield, have been a go-to investment. Overall Rating - High Yield Muni Category. Most think of municipal debt as only high quality and, when you consider the entire muni universe, that’s broadly true, with high yield only 3% of the approximate $3. 00 minus the Since then, investors have added a net $10 billion to high-yield muni mutual and exchange-traded funds, bringing the total assets under management to $109 billion, according to Refinitiv. As a result, credit spreads declined to near all-time lows at the start of 2020. 90% 42 $19,811. 2 This small market size of $100 billion as of March 1, 2018, means that most high yield municipal bond funds blend in 40-60% investment grade tax-exempt PMF – Yield 8. Separately Goldman will also make a few changes to the $22. Category Index, BBgBarc 65% High Grade/35% HY TR USD. This fund tracks the BBgBarc HY Muni TR USD, BBgBarc Municipal TR USD index, with a weighting of 100%. The high yield muni market in general has been a stellar performer following the trough of the 2009 financial collapse but there are some striations depending on just which municipalities are covered in a particular holding. 0. An investment cannot be made in an index. Listing of all funds in the High Yield Muni fund sector. 84: 4. One of the main principles of investing that every investor should understand is the idea of risk versus reward. as of 03/31/2021. As is often the case in fixed-income Representative indices: Municipal High Yield Index: Bloomberg Barclays High Yield Municipal Index; Corporate High Yield Index: Bloomberg Barclays U. Typically an issuer will call a bond when interest rates fall, potentially leaving investors with capital losses or losses in income and less favorable reinvestment options. 1 The reason for the lack of correlation between high yield munis and stock and corporate bond markets is that high yield munis fi nance projects with Investors are hungry for yield, and they appear to be satisfying that hunger with risky, high-yield municipal bond funds. 08% and high yield munis down 2. Hi Yld Muni Debt Funds : HM : 17. According to Morningstar, the high-yield muni mutual fund posted three-month, year-to-date (YTD) and one-year returns of 1. 52 last updated Thu Apr 29 2021 19:59:51 GMT+0000 (Coordinated Universal Time). This fund performed better than both over the same stretch, turning in an 11. Certain investment strategies tend to increase the Here are the best High Yield Muni funds · BlackRock Allc Trgt Shrs Ser E Port · Invesco Rochester® Municipal Opps · Goldman Sachs High Yield Municipal Fund · Invesco AMT-Free Municipal Fd · Nuveen High Y VanEck Vectors High Yield Muni ETF ETFの相場情報一覧。チャート、 テクニカル分析、価格データ、VanEck Vectors High-Yield Municipalに関する 情報など。 3 Mar 2021 Current credit spreads show that there is still room for high yield municipal to tighten. Enthusiasm for these bonds reflects historically low yields on investment-grade munis and, as we pointed out… Read More » Get quote details and summary for VanEck Vectors High Yield Muni ETF. Symbol Fund Name; ABHFX: American Fds American Income Municipal Bond Fund-1 High yield munis, however, are less attractive right now. 20 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Friedberg, MBA, MS is a veteran portfolio manager, expert investor Invesco High Yield Muni A ACTHX seeks tax-free current income and invests heavily in municipal bonds. This top high yield muni bond fund has an average duration of 12. 11%. But all of these The $9. 0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 82. Roles reversed in the 2000s, though, as the economy Investors are hungry for yield, and they appear to be satisfying that hunger with risky, high-yield municipal bond funds. View which stocks have been most impacted by COVID-19. 43 52 WK: 8. Its annual fee is 0. Search our database of more than 13,000 funds. Investors can add high yield to the muni mix with VanEck Ve 1 Jun 2020 High Yield Municipal Bonds Defined. 08 years. Asset Allocation Top High-Yield Closed-End Funds: Nuveen Texas Quality Municipal Income Fund (NTX) Tax Equivalent Yield: 7. 97% 9 [as of Feb. 82. Tom Lydon Feb 26, 2020. Muni funds buy tax-free bonds issued by cities, states and other public entities. 25 +0. 前日終値. VanEck Vectors® Short High Yield Muni ETF SHYD 05/07/2020 0. Morningstar Rating ™. 10-year period, the most recent 3-year period actually has the greatest impact because it is included in all three rating periods. 6 percentage points), compared with 200 points a little more than a year ago, according to Pimco. 96% and is up 1. $55. As a result, the high yield muni market is small and retail dominated. The California High Yield Municipal Bond Fund invests in muni bonds that pay interest exempt from regular federal and California personal income tax, and can also hold "below investment grade" muni bonds. high-yield munis returned even less: 1. High-yield muni funds invest primarily in bonds that are unrated or rated BB or lower, which is below investment The Bloomberg Barclays High-Yield Municipal Bond Index is composed of US dollar-denominated, non-investment-grade, tax-exempt bonds for which the middle rating among Moody’s Investors Service, Inc. Goldman Sachs High Yield Muni P (GGLPX) 10. In fact, investors have poured $8 billion into funds that deal in high-yield muni bonds – or junk munis – this year, according to Refinitiv data. Current Important Things About High-Yield Munis. You can buy and sell VanEck Vectors High Yield Muni ETF (HYD) and other ETFs, stocks, and options commission-free on Robinhood with real-time quotes, market data, and relevant news. investment, market cap and Guggenheim Capital LLC reduced its position in shares of VanEck Vectors High Yield Muni ETF (NYSEARCA:HYD) by 12. Yield to maturity is the return a bond earns if held to maturity, based on its price and coupon. 75. Meanwhile, municipal bond funds, including high yield muni funds, experienced increasing inflows. At that level, an investor in the 25% bracket receives the same after-tax yield on municipals and Treasuries. Feb-10-20 08:00AM : Sustainable Investing Comes to Municipal Bond ETFs. Research current and historical price charts, top holdings, management and full profile. VanEck Vectors Short High Yield Muni ETF. 00% ) USD | Apr 22 Flows into high-yield muni bond funds have been positive every year since 2014, with $7. A Buy Signal for High Yield Munis Barrons. Iraq is in the midst of a serious and growing civil war but, as Chart 1 highlights, US high yield munis as an asset class currently trade with a spread more than 150 basis points OVER Iraq! Actively managed high-yield muni funds actually invest mainly in high-grade issues, with a heavy seasoning of high-yield. Following the March/April 2020 municipal selloff, the municipal high yield bond index had a strong recovery over the remainder of 202 The Fund focuses on non-investment-grade and unrated municipal bonds with a weighted average maturity of more than 10 years. 12. 31, 1999. 055900 Important Things to Know About High-Yield Munis Right Now Tom Lydon February 21, 2020 Municipal bonds are often considered lower risk fixed income alternatives and as such carry lower yields than Overall Morningstar Rating for High Yield Municipal Fund, Class Inst, as of Mar 31, 2021 rated against 179 High Yield Muni Funds based on risk adjusted total return. The Morningstar High-Yield Muni Category compares funds that typically invest a substantial portion of assets in high-income municipal securities that are not rated or that are rated at the level of or below BBB (considered high yield within the municipal-bond industry) by a major ratings agency such as Standard & Poor's or Moody’s. High yield bonds are more likely to have call provisions, which means they can be redeemed or paid off at the issuer’s discretion prior to maturity. Despite the negatives, there are tailwinds for the space as The largest contributors to performance were high yield (HY), with a return of +2. In depth view into GGLPX (Goldman Sachs High Yield Muni P) including performance, dividend history, holdings and portfolio stats. Invesco Oppenheimer Rchst AMT-FrMncpl Fd (OPTAX) 9. Especially after significant financial stimulus like what the Fed is doing, high yield historically has done better. 81% of assets. One sector that's been getting a closer look lately is municipal bonds. 000668 1. 44% of its assets invested in New York N Y Go Bds 0. 8% of its investable assets invested in Puerto Rico debt. Arqaam Capital's Meijer on the UAE's Citizenship Plan for Foreigners Even if interest rates rise, munis should offer enough of a yield cushion to buffer a performance slip. 79%, 1. The Firm's high-yield investment process is a team based approach that combines the assessment of macro-economic conditions by the Broad Market Strategy Committee with bottom- up analysis and examination conducted by Western Asset's dedicated credit analysts, traders, risk management and portfolio managers. For example, nearly 20% of the Bloomberg Barclays Municipal High-Yield index is made up bonds issued by nursing homes and medical facilities. High Yield Muni-0. 61 +0. Performance Returns 1,2 as of 03/31/2021 High Yield Municipal Bond Funds and ETFs are mutual funds that focus on the high-yield or junk municipal sector of the fixed-income markets. At 10 years, as shown in the overlay table, there is slight advantage with AAA munis (2 basis points. Market Vectors High-Yield Muni ETF (HYD) Expense Ratio: 0. 36 and a one year high of $62. m. This Chang joined the firm in 2008 as a member of the high-yield team focused on bank loans. 77 - 25. 7% and is now trading at $62. American Century High-Yield Muni Investor has a one-year return of 7. High-Yield Muni Category. The High Yield Index is comprised of publicly traded municipal bonds that cover the US dollar denominated high yield long-term tax-exempt bond market. Fund Owner Firm Name  When we founded Hennion & Walsh over 20 years ago, we started out as specialists in tax-free municipal bonds and built our reputation by selling bank investment grade municipal bonds to conservative investors looking for safe, predic At High Yield Automation (HYA), we believe that providing reliable automation WILL allow a higher level of real-time visibility, quality assurance, and efficient management, which in turn increases your investment's overall profits! T ‛‛Diversifying your portfolio by high fixed income investing”. dollar-denominated municipal bonds. Nuveen High Yield Municipal Bond Fund (NHMAX) 8. 10 The Market Vectors High-Yield Muni ETF (HYD) is an Exchange Traded Fund. Potential for attractive tax-efficient income. 35%. 14 on Feb. Patrick Luby. Any credit we invest in must have at least 1. And that yield cushion is tax exempt. 2020-02-26. 02%. 27, 2015] suggests that municipal high yield - not even adjusted for taxes - is nominally higher," he Thumbs up / down votes are submitted voluntarily by readers and are not meant to suggest the future performance or suitability of any account type, product or service for any particular reader and may not be representative of the experience of other readers. High Yield Muni High-yield muni portfolios invest at least 50% of assets in high-income municipal securities that are not rated or that are rated by a major agency such as Standard & Poor's or High Yield Muni High-yield muni portfolios invest at least 50% of assets in high-income municipal securities that are not rated or that are rated by a major agency such as Standard & Poor's or Municipal bonds (or “munis”) are a fixture among income-investing portfolios. S. dollar denominated high yield short-term tax-exempt bond market. While there is reward potential if pandemic High-Yield Munis Historically Have Offered Strong Returns Relative to Other Bond Categories Returns over the trailing one-, three-, five-, and 10-year periods (as of March 12, 2019) Source: Bloomberg Barclays Index data as of March 12, 2019. 12% The MFS MMHYX MFS ® Municipal High Income Fund summary. S. 25%. S. 055700 VanEck Vectors® Short High Yield Muni ETF SHYD 06/05/2020 0. Join other Institutional Investors receiving FREE personalized market updates and research. 1. For The Serious Muni Credit Investor. However, for those looking to access the illiquid high-yield municipal-bond market, this fund may fit the bill. 77. high yield munis


High yield munis
High yield munis