High Yield Muni ETFs

25 US-listed ETFs in the High Yield Muni category, from 21 issuers, with $16.7B in assets. The largest is VanEck High Yield Muni ETF (HYD) at $4.1B. The cheapest with at least $50M in assets is PMIO at 0.25%. The median fund charges 0.39%.

Funds
25
21 issuers
Assets
$16.7B
Median fee
0.39%
0.25% to 2.78%
Median 1-year return
−5.9%
price return
Net flows, May 2026
+$705M
from SEC filings
Best 1-year return
−3.5%
SHYM, $50M+ in assets

Net flows by month

through Jul 2026SEC filings

Net creations across these funds as reported in SEC filings. The most recent months only include funds that have filed for them; funds whose filing covers other share classes are left out.

View as a table
Net flows of High Yield Muni ETFs by month, Aug 2023 to Jul 2026
MonthCreationsRedemptionsNet flowFunds reporting
Jul 2026$224M$23M+$201M10 partial
Jun 2026$526M$8.4M+$517M16 partial
May 2026$719M$15M+$705M21
Apr 2026$359M$94M+$265M21
Mar 2026$161M$914M−$753M21
Feb 2026$279M$10M+$269M21
Jan 2026$592M$7.8M+$584M21
Dec 2025$620M$11M+$609M20
Nov 2025$388M$4.7M+$383M19
Oct 2025$329M$13M+$316M19
Sep 2025$464M$48M+$417M19
Aug 2025$209M$43M+$166M18
Jul 2025$175M$116M+$58M18
Jun 2025$249M$23M+$226M18
May 2025$149M$126M+$24M18
Apr 2025$466M$480M−$13M18
Mar 2025$471M$143M+$328M17
Feb 2025$329M$47M+$281M16
Jan 2025$271M$7.3M+$264M14
Dec 2024$137M$124M+$14M12
Nov 2024$183M$22M+$161M12
Oct 2024$179M$18M+$161M12
Sep 2024$162M$20M+$142M12
Aug 2024$184M$80M+$103M12
Jul 2024$147M$54M+$94M12
Jun 2024$199M$41M+$158M12
May 2024$156M$27M+$129M11
Apr 2024$80M$5.7M+$74M11
Mar 2024$161M$18M+$143M11
Feb 2024$242M$42M+$200M11
Jan 2024$109M$499M−$389M11
Dec 2023$329M$9.9M+$319M11
Nov 2023$698M$21M+$677M11
Oct 2023$191M$157M+$34M11
Sep 2023$22M$90M−$68M11
Aug 2023$70M$144M−$73M11

All High Yield Muni ETFs

# Fund Issuer Fee Assets YTD 1Y Yield 3M flow Score Holdings as of
1 HYDVanEck High Yield Muni ETF VanEck 0.32% $4.1B −6.1% −5.3% 4.62% +$316M 75 Oct 8, 2026 issuer
2 HYMBState Street SPDR Nuveen ICE High Yield Municipal Bond ETF State Street SPDR 0.35% $3.6B −6.3% −6.2% 4.90% +$196M 74 Oct 8, 2026 issuer
3 HIMUiShares High Yield Muni Active ETFActive iShares 0.39% $2.4B −6.7% −6.7% 5.65% +$350M 66 Jul 31, 2026 SEC
4 BMOPBNY Mellon Municipal Opportunities ETF BNY Mellon 0.54% $1.8B — — 2.67% −$60M 56 May 29, 2026 SEC
5 FMHIFirst Trust Municipal High Income ETFActive First Trust 0.70% $1.0B −6.6% −6.0% 4.67% +$53M 54 Apr 30, 2026 SEC
6 SHYMiShares Short Duration High Yield Muni Active ETFActive iShares 0.40% $839M −3.7% −3.5% 4.43% +$259M 57 Jul 31, 2026 SEC
7 HMOPHartford Municipal Opportunities ETFActive Hartford 0.29% $787M −5.3% −5.0% 3.70% +$55M 65 Apr 30, 2026 SEC
8 MINOPIMCO Municipal Income Opportunities Active ETFActive PIMCO 0.39% $766M −6.0% −5.9% 4.13% +$157M 59 Jun 30, 2026 SEC
9 JMHIJPMorgan High Yield Municipal ETFActive JPMorgan 0.35% $291M −6.8% −6.7% 4.70% +$25M 54 May 31, 2026 SEC
10 FMUBFidelity Municipal Bond Opportunities ETFActive Fidelity 0.30% $243M −4.9% −4.9% 3.74% +$55M 57 Jul 31, 2026 SEC
11 FCALFirst Trust California Municipal High income ETFActive First Trust 0.65% $211M −6.1% −5.4% 3.65% +$17M 42 Apr 30, 2026 SEC
12 IROCInvesco Rochester High Yield Municipal ETFActive Invesco 0.39% $171M −5.7% −5.6% 5.43% +$20M 46 Oct 8, 2026 issuer
13 NHYMNuveen High Yield Municipal Income ETFActive Nuveen 0.35% $129M −7.5% −7.1% 4.88% +$23M 43 Jun 30, 2026 SEC
14 HTAXNomura National High-Yield Municipal Bond ETFActive Nomura 0.49% $58M −6.3% −6.1% 4.89% +$2.4M 37 Jun 30, 2026 SEC
15 EVYMEaton Vance High Income Municipal ETF Eaton Vance 0.40% $57M −6.5% −5.6% 5.27% +$8.0M 34 Jun 30, 2026 SEC
16 PMIOPGIM Municipal Income Opportunities ETFActive PGIM 0.25% $54M −4.4% −4.2% 3.99% +$6.4M 47 May 29, 2026 SEC
17 FMNYFirst Trust New York Municipal High Income ETFActive First Trust 0.65% $36M −7.0% −6.5% 4.03% +$1.3M 33 Apr 30, 2026 SEC
18 THYMT. Rowe Price High Income Municipal ETFActive T. Rowe Price 0.32% $25M −5.4% — 3.94% −$718 35 May 31, 2026 SEC
19 MFLXFirst Trust Exchange-Traded Fund VIII First Trust Flexible Municipal High Income ETFActive First Trust 1.01% $20M −6.6% −6.4% 4.53% +$842K 20 May 31, 2026 SEC
20 AMHIAmerican Beacon Aberdeen Municipal High Income ETF American Beacon 0.55% $20M — — 1.26% +$20M 16 Jul 31, 2026 SEC
21 WTMYWisdomTree High Income Laddered Municipal FundActive WisdomTree 0.35% $6.1M −6.1% −6.1% 4.18% +$1.0M 23 May 31, 2026 SEC
22 YYYMAmplify Municipal CEF High Income ETF Amplify 2.78% $1.2M — — 3.97% +$797K 11 Jun 30, 2026 SEC
23 FTMHFranklin Municipal High Yield ETF Franklin Templeton — — −6.7% — 4.67% — — —
24 MMHINYLIM MacKay Muni High Income ETF New York Life — — — — — — — —
25 VMHYVictoryShares Municipal High Yield ETF VictoryShares — — — — — — — —

Sorted by assets; click a column to re-sort. 3M flow is each fund's latest three reported months. Returns are price returns and exclude distributions.

Other Municipal Bond categories

Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.