VanEck ETF Trust - VanEck High Yield Muni ETF
US ˙ BATS

SecurityHYD / VanEck ETF Trust - VanEck High Yield Muni ETF
InstitutionCommonwealth Equity Services, Llc
Latest Disclosed Ownership896,707 shares
Latest Disclosed Value $ 45,839,650
Commonwealth Equity Services, Llc reports 0.83% decrease in ownership of HYD / VanEck ETF Trust - VanEck High Yield Muni ETF

On February 12, 2026 - Commonwealth Equity Services, Llc filed a 13F-HR form disclosing ownership of 896,707 shares of VanEck ETF Trust - VanEck High Yield Muni ETF (US:HYD) valued at $45,839,662 USD as of December 31, 2025. The entity filed a previous 13F-HR on October 22, 2025 disclosing 904,176 shares of VanEck ETF Trust - VanEck High Yield Muni ETF. This represents a change in shares of -0.83% during the quarter. The current value of the position is $45,983,135 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-02-12 2025-12-31 13F VANECK ETF TRUST HIGH YLD MUNIETF 92189H409 896,707 -7,469 -0.83 45,840 99,550.00
2025-10-22 2025-09-30 13F VANECK ETF TRUST HIGH YLD MUNIETF 92189H409 904,176 -106,968 -10.58 46 -8.00 0.0596
2025-08-06 2025-06-30 13F VANECK ETF TRUST HIGH YLD MUNIETF 92189H409 1,011,144 37,887 3.89 51 2.04 0.0671
2025-05-09 2025-03-31 13F VANECK ETF TRUST HIGH YLD MUNIETF 92189H409 973,257 22,743 2.39 50 0.00 0.0705
2025-02-10 2024-12-31 13F VANECK ETF TRUST HIGH YLD MUNIETF 92189H409 950,514 45,174 4.99 49 2.08 0.0721
2024-10-18 2024-09-30 13F VANECK ETF TRUST HIGH YLD MUNIETF 92189H409 905,340 86,526 10.57 48 14.29 0.0728
2024-07-31 2024-06-30 13F VANECK ETF TRUST HIGH YLD MUNIETF 92189H409 818,814 11,151 1.38 42 0.00 0.0669
2024-04-29 2024-03-31 13F VANECK ETF TRUST HIGH YLD MUNIETF 92189H409 807,663 6,791 0.85 42 2.44 0.0701
2024-02-06 2023-12-31 13F VANECK ETF TRUST HIGH YLD MUNIETF 92189H409 800,872 73,272 10.07 41 17.14 0.0757
2023-10-23 2023-09-30 13F VANECK ETF TRUST HIGH YLD MUNIETF 92189H409 727,600 57,358 8.56 36 2.94 0.0740
2023-08-10 2023-06-30 13F VANECK ETF TRUST HIGH YLD MUNIETF 92189H409 670,242 30,439 4.76 34 3.03 0.0700
2023-05-11 2023-03-31 13F VANECK ETF TRUST HIGH YLD MUNIETF 92189H409 639,803 -57,374 -8.23 33 -5.71 0.0695
2023-02-07 2022-12-31 13F VANECK ETF TRUST HIGH YLD MUNIETF 92189H409 697,177 559,795 407.47 35 -99.49 0.0848
2022-11-14 2022-09-30 13F VANECK ETF TRUST HIGH YLD MUNIETF 92189H409 137,382 7,161 5.50 6,859 -2.18 0.0177
2022-07-19 2022-06-30 13F VANECK ETF TRUST HIGH YLD MUNIETF 92189H409 130,221 32,011 32.59 7,012 24.39 0.0183
2022-05-04 2022-03-31 13F VANECK ETF TRUST HIGH YLD MUNIETF 92189H409 98,210 -7,433 -7.04 5,637 -14.53 0.0129
2022-01-31 2021-12-31 13F VANECK ETF TRUST HIGH YLD MUNIETF 92189H409 105,643 4,991 4.96 6,595 4.88 0.0149
2021-10-29 2021-09-30 13F VANECK ETF TRUST HIGH YLD MUNIETF 92189H409 100,652 8,281 8.96 6,288 7.03 0.0158
2021-08-11 2021-06-30 13F VANECK VECTORS ETF TR HIGH YLD MUN ETF 92189H409 92,371 30,932 50.35 5,875 53.88 0.0149
2021-05-04 2021-03-31 13F VANECK VECTORS ETF TR HIGH YLD MUN ETF 92189H409 61,439 -6,192 -9.16 3,818 -8.27 0.0108
2021-02-11 2020-12-31 13F VANECK VECTORS ETF TR HIGH YLD MUN ETF 92189H409 67,631 -891 -1.30 4,162 1.59 0.0125
2020-11-05 2020-09-30 13F VANECK VECTORS ETF TR HIGH YLD MUN ETF 92189H409 68,522 -61,653 -47.36 4,097 -46.90 0.0140
2020-08-12 2020-06-30 13F VANECK VECTORS ETF TR HIGH YLD MUN ETF 92189H409 130,175 58,715 82.16 7,716 106.64 0.0291
2020-05-11 2020-03-31 13F VANECK VECTORS ETF TR HIGH YLD MUN ETF 92189H409 71,460 -39,352 -35.51 3,734 -47.39 0.0174
2020-02-05 2019-12-31 13F VANECK VECTORS ETF TR HIGH YLD MUN ETF 92189H409 110,812 -74,719 -40.27 7,097 -40.63 0.0270
2019-10-30 2019-09-30 13F VANECK VECTORS ETF TR HIGH YLD MUN ETF 92189H409 185,531 11,911 6.86 11,953 7.95 0.0510
2019-07-19 2019-06-30 13F VANECK VECTORS ETF TR HIGH YLD MUN ETF 92189H409 173,620 42,513 32.43 11,073 34.56 0.0488
2019-05-13 2019-03-31 13F VANECK VECTORS ETF TR HIGH YLD MUN ETF 92189H409 131,107 -9,633 -6.84 8,229 -4.20 0.0380
2019-02-11 2018-12-31 13F VANECK VECTORS ETF TR HIGH YLD MUN ETF 92189H409 140,740 140,740 8,590 0.0456
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.